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Score

1.42 /10
Danger

Trust Markets

Saint Lucia

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://www.trustmarkets.com/

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Comparison

Quantity 12

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index6.28

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

More

Company Name

TM LLC

Company Abbreviation

Trust Markets

Platform registered country and region

Saint Lucia

Company website

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Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2025-04-30
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Exposure

12 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

I cannot withdraw money. Please kindly assist!

I am Nguyễn Thị Liễu using id 9016979 at TrustMarkets exchange. Currently, I have deposited $10,000 into the exchange and there is still $9,470.34 in my trading account. I no longer want to trade and have requested a withdrawal since 03/10/2024. However, until today, 08/10/2024, the exchange has not approved it.

Lieu Nguyen
2024-10-08 17:11
Unable to Withdraw

Unable to Withdraw Money

I have made deposits and traded normally, but since I withdrew all the money last time, they have not resolved and supported my withdrawal. The $9,470 I withdrew from 3-10-2024 until now, which is 10 days, I have not received any support. I kindly request Wiki to review and support me in recovering my money that the exchange has taken.

Lieu Nguyen
2024-10-13 12:57
Unable to Withdraw

Scam exchange

My account has over $11,000. I placed a withdrawal order for $3,000 but it was not processed. I tried contacting the advisor but couldn't reach them, so I sent a message to the support department on the website. After that, a staff member named Nguyễn Thế Duy called me and said they would help me with the withdrawal. They asked me to buy new stocks to verify my account and allow the withdrawal. At first, I was skeptical, but because I couldn't withdraw for over a month, I still followed their instructions. As soon as I opened the order to buy some stocks, they said my account was empty.

FX4059475470
2024-10-25 00:21
Unable to Withdraw

Unable to withdraw money and fraud

My account has over $11,000, I tried to withdraw $3,000 but failed. I contacted the advisors Tuấn Anh and Giang Phạm but couldn't reach them, so I messaged the support department on the website. Then, employee Nguyễn Thế Duy called me and asked me to buy 4 new stocks so that I could withdraw money. At first, I didn't agree because I was afraid my account wouldn't have enough funds. It said that buying a small quantity wouldn't have any impact. Due to the desire to recover the money, I tried with the first stock and found that it didn't affect my account. After that, I continued to buy the recommended stocks one by one, and my account lost everything. Trust Market deliberately deceived me by increasing my margin too high, leaving my account with nothing to avoid paying me.

FX4059475470
2024-10-27 00:48
Trust Markets · Company summary

Note: Trust Markets's official website - https://www.trustmarkets.com/ is currently inaccessible normally.

Trust Markets Review Summary
Founded2014
Registered Country/RegionSt. Lucia
RegulationNo regulation
Market Instruments39+ forex, 12+ indices, 134+ stocks, 12+ commodities, 25+ cryptocurrencies
Demo Account✅
EUR/USD SpreadFrom 1.0 pips (Standard account)
LeverageUp to 1:1000
Trading PlatformMT5
Min Deposit0
Customer SupportLive chat, contact form
Tel: +90 212 271 00 66
Email: support@trustmarkets.com
Restricted CountriesNorth Korea, United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey

Trust Markets Information

Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.

Trust Markets' homepage

Pros and Cons

Pros Cons
Wide range of tradable assetsNo regulation
Demo accountsWikiFX complaints about withdrawal issues
Multiple account typesRestricted in some countries
Commission-free accounts offered
MT5 platform
No minimum deposit requirement
Popular payment options
Live chat support

Is Trust Markets Legit?

Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Trust Markets, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.

What Can I Trade on Trust Markets?

Tradable Instruments Supported
Forex✔
Indices✔
Stocks✔
Commodities✔
Cryptocurrencies✔
Bonds❌
Options❌
ETFs❌
What Can I Trade on Trust Markets?

Account Type/Fees

Account TypeSpreadCommission
StandardFrom 1.0 pips❌
FixedFrom 1.5 pips❌
RawFrom 0.0 pips$7 per lot
VIPFrom 0.4 pips❌
CryptoFrom 0.0 pips❌
Account comparison

Leverage

Trust Markets offersa leverage level of up to 1:1000 for all account types, which means you can control a larger position of up to 1000 times of your initial deposit.

However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well, especially for abnormal high leverage as 1:1000.

Trading Platform

The broker offers the industry-leading MetaTrader 5 platform, which is popular worldwide for its user-friendly interface, automated trade execution via Expert Advisor, advanced charting and analysis tools, etc.

Trading PlatformSupported Available Devices Suitable for
MT5✔Android, iOSExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

Trust Markets mainly accept payments through Visa, Master Card, Bank Wire Transfer and more.

User Reviews

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User comment

9

Comments

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阿强
more than one year
朋友介紹這家新的交易商給我， 各方面似乎都能滿足我的需求，高杠桿，免隔夜利息， 無最低入金要求， 點差較小。 雖然沒有模擬賬戶， 我可以先開一個小額賬戶開試試交易環境。
朋友介紹這家新的交易商給我， 各方面似乎都能滿足我的需求，高杠桿，免隔夜利息， 無最低入金要求， 點差較小。 雖然沒有模擬賬戶， 我可以先開一個小額賬戶開試試交易環境。
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2022-12-13 18:11
1
0
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FX4059475470
6-12months
Tài khoản tôi có hơn 11.000$, tôi thực hiện lệnh rút 3.000$ nhưng không được. Tôi liên hệ với nhân viên tư vấn Tuấn Anh và Giang Phạm thì không liên lạc được nên tôi nhắn bộ phận hỗ trợ trên web sàn thì nhân viên Nguyễn Thế Duy gọi điện yêu cầu tôi mua 4 mã cổ phiếu mới cho tôi rút tiền. Ban đầu tôi không đồng ý vì sợ tài khoản không đủ. Nó báo là mua số lượng rất ít không ảnh hưởng gì. Do tâm lý muốn thu hồi tiền lại nên tôi đã thử với mã cổ phiếu đầu thấy đúng là không ảnh hưởng tài khoản. Sau đó tôi tiếp tục thực hiện mua lần lượt các mã cổ phiếu mà nó khuyến nghị thì tài khoản mất hết. Bọn bên sàn Trust Market cố tình lừa tôi, mở margin của tôi lên quá cao làm tài khoản tôi không còn để không phải trả tiền cho tôi.
Tài khoản tôi có hơn 11.000$, tôi thực hiện lệnh rút 3.000$ nhưng không được. Tôi liên hệ với nhân viên tư vấn Tuấn Anh và Giang Phạm thì không liên lạc được nên tôi nhắn bộ phận hỗ trợ trên web sàn thì nhân viên Nguyễn Thế Duy gọi điện yêu cầu tôi mua 4 mã cổ phiếu mới cho tôi rút tiền. Ban đầu tôi không đồng ý vì sợ tài khoản không đủ. Nó báo là mua số lượng rất ít không ảnh hưởng gì. Do tâm lý muốn thu hồi tiền lại nên tôi đã thử với mã cổ phiếu đầu thấy đúng là không ảnh hưởng tài khoản. Sau đó tôi tiếp tục thực hiện mua lần lượt các mã cổ phiếu mà nó khuyến nghị thì tài khoản mất hết. Bọn bên sàn Trust Market cố tình lừa tôi, mở margin của tôi lên quá cao làm tài khoản tôi không còn để không phải trả tiền cho tôi.
Translate to English
+3
2024-10-27 00:48
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