Traders Trust is a forex broker offering trading in Crypto Currency & FX
There are a million and one cryptocurrency brokers in the market today. Some are legit, and some are just money traps that frustrate unknowing traders.
If you want to make money and avoid losses, you need to know the ins and outs of the broker you want to invest with. And today, we take you through TTCM Traders Trust Capital Markets Ltd.
The Cyprus-based company operates under the Cyprus Securities and Exchange Commission, CySEC, and in Bermuda as an offshore entity.
Traders Trust Capital Markets Ltd, a forex broker offering online trading in currency pairs, operates as Traders Trust. You can trade Pound for Yen, Ether for USD, or the Euro for Japanese Yen.
Although Traders Trust does not have the tightest restrictions, owing to be lenient CySEC regulations, it is popular in Europe. Traders have no cap on their leverage and can trade with no ban on their hedging.
I know what you are thinking. Hedge funds and offshore accounts, right? Traders Trust has a license to operate in the forex trading industry. It provides its services to people from across the world.
If you are worried about the company’s stability, then the 1,000,000 Euros given as security to the CySEC as evidence of financial stability should get you going.
How do you trade with Traders Trust?
To make a forex trade on Traders Trust, you must have a minimum deposit. Usually, that is $50, and you will be good to go.
Once you have a deposit, you can choose a spread. A spread is a difference between the bid and the ask in a situation where the sale of one asset happens at the same time as the purchase of another, with a forward contract.
Next, you select your leverage. Like most Cyprus-based forex brokers, you can get relatively high leverages on Traders Trust . However, be careful when selecting your leverage levels. The higher the leverage, the higher the risk of losing your initial investment.
Types of Accounts at Traders Trust
Traders Trust is home to people from all walks of life. They ensure that they provide an account suitable for every group of users within their community.
So, when you join in after your practice with the demo account, you can choose one of their three types of accounts.
1. MAM Account
If you are a financial manager, you can help your clients trade on Traders Trust by opening a MAM account. The Multi-Account Manager runs the accounts and executes trading strategies on behalf of his clients.
With a MAM account, you can use features available on the MT4 platform to mimic your client’s accounts. So, if you want seamless features to help you achieve your professional goals, then a MAM account is what you need.
The MAM account accepts deposits and withdrawals at any time. It also charges its clients depending on their investment philosophy. Above all, you can choose a trade-up calculator, such as the high-water mark, to increase your chances of making successful investments.
2. Islamic Account
The Islamic trading account complies with the Halal trading practices in Islam. The support team comprises people who firmly believe in and follow the Quran.
So, if you wish to invest without feeling like you are compromising your religious beliefs, you can try the Islamic account.
3. A Trading Account
There are various trading accounts available to users on Traders Trust. These include:
a. A classic Account
Although the classic trading account offers 0 commission to users, it also provides no trading restrictions at the low cost of a $50 minimum deposit. With the classic account, you can use any trading strategy.
Beginners can access the classic account with unlimited orders and high execution quality. With the classic account, you can trade GBP to JPY or Ether to USD and make deposits and withdrawals on your favorite trading instruments.
b. A Pro Trading Account
Once you gain experience trading on the demo and classic account, you can open a Pro account. This type of account comes with a $3 commission on every side of a standard lot.
With 100% STP (Straight Through Processing), you can trade with robots or any trading strategy. The closing time on the Pro account also has no limit, and you can close your trade as close to the price requested.
c. A VIP Account
The VIP trading account offers a better trading experience and less commission per side per standard lot. With a $1.5 commission, traders enjoy the highest services standards with a dedicated manager for a one-on-one discussion on your demands.
The trade currencies on this MT4 terminal/ mobile platform include the US Dollar (USD), Japanese Yen (JPY), the Great Britain Pound (GBP), and the Euro (EUR).
Pros and Cons of Trading with Traders Trust
- Even though it does not have the stringiest regulations, Traders Trust is well regulated
- It has an MT4 platform, which offers a series of cutting-edge trading technologies
- It has high leverage levels
- The platform welcomes a wide range of payment methods
- You only have an MT4 trading platform, and nothing else
- The classic account has a relatively high spread
Having a regulated broker work for you in a highly volatile industry like forex and cryptocurrency exchange is a bonus. When you get a broker from a region recognized worldwide with good praises, you will be on the right track to success in cryptocurrency markets.
Traders Trust, a cashback forex trading platform, is the perfect example of a broker you want by your side as you venture into the world of cryptocurrency. Register today and see what the platform has in store for you.
Let’s take a look at their disclaimer
Risk Warning: Our products are traded on margin and carry a high level of risk; thus it is highly possible to lose all your capital. These products may not be suitable for everyone, and you should ensure that you understand the risks involved. Please review our Risk Warning available here.
Disclaimer: The content of this material is intended for general information and educational purposes only and must not be considered investment or financial planning advice. No representation or warranty is given as to the accuracy or completeness of this information. TTCM Traders Capital Limited accepts no responsibility for any use that may be made of these comments and for any consequences resulting in it. The views and opinions expressed in this content are those of our educators and do not necessarily reflect the official policy or position of TTCM Traders Capital Limited.
Licences and Authorisations: TTCM Traders Capital Limited (herein “TTCM BM” or “Traders Trust”) is a limited liability Company, incorporated in Bermuda under section 14 and 6/132C(1) of the Companies Act 1981 and registered with the Registrar of Companies under Company number 54135, with registered address 5th Floor, Andrew’s Place, 51 Church Street, Hamilton HM 12, Bermuda.
The website Traders Trust .com is operated by TTCM BM.
Restricted Regions: The information on this website is not directed on residents of certain jurisdictions/countries including but not limited to Australia, New Zealand, Canada, Iran, Iraq, North Korea, USA, Cuba, Syria, Sudan, Afghanistan, Guyana, Lao People’s Democratic Republic, Uganda, Yemen, Venezuela and Puerto Rico or to any jurisdiction where such distribution would be contrary to local laws and regulations.