Trust Capital Broker Review 2024

Trust Capital, a forex broker operating in Seychelles, tries to attract traders by offering benefits such as leverage up to 1:1000, 200+ instruments, and 3 account types.

This company claims that it processes more than 500,000 transactions per day, which is a bold number. But is it truly reliable? Let's find out in this comprehensive review of Trust Capital broker.

Company Specifics & Regulating Bodies

Trust Capital is a relatively new player in the forex industry, having been founded in 2019. Here are some key points about the company's regulation and company information:

• Head Office is located at Room B11, First Floor, Providence Complex, Providence, Mahe, Seychelles
• Regulated by the Cyprus Securities and Exchange Commission (CySEC) under the license number 369/18
• Regulated by the Capital Markets Authority (CMA) in Kenya
• Regulated by the Financial Services Authority (FSA) in Seychelles with license number SD122.

Important Features and Specifics

Here's a quick overview of Trust Capital's key features in a table:

Account Types; Features and Comparison

Trust Capital offers three main account types to earn the satisfaction of traders with various preferences and styles. Accounts in Trust Capital:

Also, there's a practice account with virtual funds for risk-free trading practice. Besides, you have the option to trade swap-free on Solo and Together accounts.

Trust Capital Broker Signing Up & Verification: Step-By-Step Guide

Getting started with Trust Capital is a not a complex procedure. However, the registration form has more-than-average fields. Here's a general guide to opening an account:

• Visit the website and click on the "Start trading now" button;
• Fill your full name in the form. Then, select your country of residence, nationality, Trading Platform, and Account Type;
• Provide an email address and a phone number. Click "Get OTP", then verify your email by submitting the received code;
• Create a safe password for your account;
• Check "I'm not a robot";
• Complete the questionnaire.

Now, you have created your account with the broker. For authorization, complete the KYC (Know Your Customer) process by uploading the required documents regarding proof of identity and proof of residence.

What Platforms Are Available for Trading on Trust Capital?

The broker offers two of the most popular trading platforms in the forex industry:

• MetaTrader 4 (MT4):
  • 3 types of charts for optimized trading
  • Advanced and interactive Forex charts with control options
  • Expert Advisors (EAs) for automated trading
  • 9 different timeframes
• MetaTrader 5 (MT5):
  • More advanced version of MT4
  • Additional timeframes and order types

In the table below, you can access the links to download the platforms for your mobile devices:

Spreads And Commissions in Trading and Working with Trust Capital

We investigated the website for trading commissions and spreads on different accounts, and there's not much information available. The only data is for the Professional account, with spreads starting from 0 pips and $6 commission per lot per side. Regarding fees in other operations:

• No inactivity fees;
• 5% per transaction on deposits and withdrawals.

The lack of clear and enough data for trading commissions is a negative point for the website.

Funding & Withdrawal Methods

Trust Capital provides a variety of deposit and withdrawal options to suit different preferences:

• Wire Transfer: Via bank accounts
• Credit/Debit Cards: Visa & Mastercard
• Other Methods: SticPay, Maestro, Mada

The minimum time required for processing payments on the broker is 1 day. It varies based on the chosen method.

Copy Trading & Investment Options: Can I Earn Passive Income on Trust Capital Broker?

Unfortunately, Trust Capital does not currently offer copy trading or investment options. This may be a drawback for traders who prefer to follow and copy successful traders' strategies and earn passive income.

Available Bonuses and Promotions

At the time of writing, Trust Capital does not offer any bonuses or promotions. This is likely due to regulatory restrictions in some of the jurisdictions where the broker operates. Nevertheless, always check the official sources for any updates or changes regarding this matter.

How and When to Contact the Support Team

When you are deciding among a few brokers, the customer services is one of the most critical factors. Trust Capital provides comprehensive customer support through various channels:

• Live Chat: Available on the website and through WhatsApp
• Phone Call: +248 255 97 92
• Email: cs@trustcapital.com
• Ticket System: Available via the "Contact Us" section on the website

The broker claims that the multilingual support team is ready to answer your queries 24/5.

Trust Scores on Reputable Platforms

Trust Capital has received generally positive reviews from traders, as evidenced by its Trustpilot score. Let's discuss this rating in detail:

• 4/3 out of 5
• Based on more than 20 reviews
• Verified profile on the website

Unfortunately, the number of scores is too low, therefore, these ratings cannot be reliable enough. Also, there are no other scores on other platforms and websites.

Conclusion and Final Words

Trust Capital seems to be a reliable Forex brokerage, being regulated by CySEC, a high-tier regulatory body, but that's not all that matters. This broker does not offer various accounts with different trading specifics. Also, there's no clear data in spreads and trading fees.

In conclusion, we recommend Trust Capital for its strong regulation and some benefits such as a high maximum leverage of 1:1000. However, you should still do your own research and take responsibility for any decisions.