RECOMMENDED FOREX BROKERS
Trust Capital TC is a decent looking broker. Consider it an above average slice of the Forex pie that keeps on growing. Does it taste as good as it sounds?
Trust Capital TC LTD is authorized regulated by CySEC, making it a Cyprus Investment Firm. The registry of the watchdog checks out:
This body’s work is to oversee brokers and their operations, and if necessary to take disciplinary actions. Furthermore, Trust Capital TC is a member of The Investors Compensation Funds (ICF) under CySEC, that has as objective to compensate traders if a member of the ICF (in this case Trust Capital TC) is unable to carry out its obligations. If this occurs then the trader is reimbursed a maximum of €20 000 from the collective fund.
As part of the European Union the leverage has been limited to a maximum of 1:30 by ESMA. Larger leverages (1:400) are offered to Professional traders (substantially big deposit makers, €500 000 plus), and to those outside the jurisdiction of ESMA.
We encountered some minor nuisances concerning the spread. On our demo trading account the only instrument we could trade with was gold; there were no forex pairs, nor other CFDs. Meanwhile, currency pair spreads are said to starts from 1.6 pips, and 0.4 pips if using the VIP Account:
Trading instruments are forex pairs, metals and futures. This is very low, and leaves much to be required. For one there are no shares and commodities, two staples of the global forex industry.
The only language we could access the website in was English.
TRUST CAPITAL TC LOGIN
The only terminal in use in the MT4, which is arguably sufficient to please anyone.
MetaTrader 4 is by far the most popular trading platform out there, making it the number one choice for trading. MT4 encompasses a to-the-point look and feel without sacrificing any accessibility. With MT4 you can set automated bots to trade instead of you so that you can indulge in other activities while profit is made (or lost). MT4 also comes with over 50 customizable trading indicators, great options for managing your charts, a drag and drop feature and many more pros.
As mentioned we could not access any forex spreads. All we got from our demo account was the bid/ask price for gold:
There are commission attached. We have attached an image for your convenience. All commission are round turn:
And as always, the leverage does not go above 1:30.
The platform can be accessed via Windows, Apple or Android.
TRUST CAPITAL TC MINIMUM DEPOSIT
The minimum deposit is $250. The Prime Account requirement is $500, while the VIP Account is $50 000.
Payment methods are what you might call the industry standard: Wire Transfer, VISA, MasterCard, Maestro, Neteller, Skrill 1-Tap, PayPal.
There are only three types of base account currencies: EUR, USD, GPB.
As for processing times, the broker claims that all requests will be dealt with within one day. The only exception being Bank Transfers. These can take up to 3 days.
TRUST CAPITAL TC WITHDRAWAL TIME AND FEES
The withdrawal methods and processing times are the same as the depositing ones. VISA, MasterCard, Maestro, Neteller, Skrill 1-Tap and PayPal take up to 1 day, while Bank Transfer processes can be delayed by up to 3 days. However, once the request has been handled by the broker, the time it takes for the money to reach your personal account depends on the payment method used.
Surprisingly no fees are charged by the broker when withdrawing. Nevertheless, individual payment systems can tax traders on monetary transactions.
As is with the deposit, there is no minimum withdrawal amount. This rarity is found in few brokers, which gives them an edge since traders are given much more freedom with their transactions.
If an account is dormant for 3 months or more, the owner of said account will be charged with a monthly maintenance fee of €15.
Trust Capital TC does not reinvent the wheel, nor does it break it. Yet we still recommend this easy going broker for it’s straightforward procedures. It’s biggest plus is the license from CySEC, which immediately puts in in the forefront of the industry.