TradersTrust

Overview of TradersTrust

TradersTrust, based in Bermuda, operates as an exchange platform specializing in four major cryptocurrencies: Bitcoin, Bitcoin Cash, Litecoin, and Ethereum. Notably, the exchange is not regulated by any financial authority. Trading fees are structured on an account-based system, varying depending on the type of account and specific transaction details. TradersTrust facilitates transactions through various methods including bank wire transfers, VISA and Mastercard transactions, and e-wallets.

Pros and Cons

Pros:

• Multiple Funding Methods: Supports various deposit and withdrawal methods, including bank transfers, credit/debit cards, and popular e-wallets.
• 24/7 Customer Support: Offers multiple channels for contacting customer support, including live chat, email, and potentially phone.
• Beginner-friendly: Offers a commission-inclusive account (Classic) for simpler pricing and potentially a user-friendly platform.

Cons:

• Inactivity Fee: May charge an inactivity fee for accounts that haven't been used for an extended period.
• Limited Regulation: Not regulated by FCA, which might be a concern for some users who prefer stricter regulations.

Regulatory Authority

While TradersTrust claims to be authorized by the Seychelles Financial Services Authority (FSA) with a Securities Dealer License SD141, there is no independent verification of this information currently available. This lack of confirmation raises concerns about TradersTrust's regulatory status and exposes potential risks for users.

Security

TradersTrust outlines several security measures on their website, aiming to provide a safe trading environment for clients.

• Client Fund Segregation: TradersTrust states that they safeguard client funds by depositing them with reputable financial institutions and leading global banks. This segregation helps keep client funds separate from the company's operational capital.
• Unclear Details: While they mention these security practices, specifics regarding encryption standards, two-factor authentication (2FA), or additional account protection measures are not readily available on their website.

Cryptocurrencies Available

TradersTrust offers CFDs (Contracts for Difference) on four major cryptocurrencies: Bitcoin (BTC), Bitcoin Cash (BCH), Litecoin (LTC), and Ethereum (ETH). These cryptocurrencies are traded against the US Dollar (USD) and Japanese Yen (JPY). These trading pairs allow users to participate in the exchange of different digital assets, taking advantage of price fluctuations and the potential growth in value that exists in the cryptocurrency market.

Trading Market

Trading fees

TradersTrust employs a tiered commission structure based on account type:

• Classic Account: Offers a commission-inclusive spread, meaning the spread incorporates the broker's fee. This is ideal for beginners who prefer a simpler pricing model.
• Pro & VIP Accounts: These accounts feature tighter spreads (potentially lower trading costs) but charge separate commissions per traded lot for forex and metals. This caters to more active traders who value tighter spreads and are comfortable with a transparent fee structure.

Payment Methods

TradersTrust offers a convenient selection of payment methods to facilitate deposits and withdrawals for its clients.

Deposit Methods:

• Traditional banking methods: Bank Wire Transfer
• Credit/Debit Cards: VISA and Mastercard
• E-wallets: Popular options like Neteller, Skrill, and potentially others depending on regional availability (https://traders-trust.com/deposit-withdrawal/)

Withdrawal Methods:

TradersTrust generally prioritizes returning funds through the same method used for the initial deposit, adhering to a “first-in, first-out” (FIFO) basis. This applies to most payment methods, including:

• Bank Wire Transfer
• VISA and Mastercard
• E-wallets (Neteller, Skrill, etc.)

How to Buy Cryptos？

While TradersTrust offers a comprehensive trading platform for various financial instruments, including cryptocurrencies, it primarily focuses on facilitating online trading via their web platform and mobile app. Cryptocurrency purchases through ATMs or directly from Apple devices are not currently supported services.

Buying Crypto via TradersTrust Web Platform:

• Account Registration:
• Create a TradersTrust account if you don't already have one.
• Complete the verification process to ensure your identity and account security.
• Funding Your Account:
• Select a suitable deposit method from the available options (bank transfer, credit/debit cards, e-wallets).
• Initiate a deposit, specifying the amount and preferred currency.
• Confirm the transaction and wait for funds to reflect in your account.
• Navigating to the Crypto Trading Platform:
• Once logged in, locate the cryptocurrency trading section within the platform.
• Choose the desired cryptocurrency you wish to purchase.
• Placing a Buy Order:
• Select the “Buy” option and enter the amount of cryptocurrency you want to purchase.
• Choose the order type (market, limit, stop-loss, etc.) and set any relevant parameters.
• Review the order details and confirm the transaction.

Buying Crypto via TradersTrust Mobile App:

• Download and Install the App:
• Search for “TradersTrust” in your app store (Google Play or App Store).
• Download and install the official TradersTrust mobile app.
• Logging In and Funding Your Account:
• Launch the app and log in using your TradersTrust account credentials.
• Access the funding section and choose your preferred deposit method.
• Initiate a deposit, specifying the amount and preferred currency.
• Confirm the transaction and wait for funds to reflect in your account.
• Navigating to the Crypto Trading Platform:
• Locate the cryptocurrency trading section within the mobile app.
• Choose the desired cryptocurrency you wish to purchase.

Placing a Buy Order:

• Select the “Buy” option and enter the amount of cryptocurrency you want to purchase.
• Choose the order type (market, limit, stop-loss, etc.) and set any relevant parameters.
• Review the order details and confirm the transaction.

TradersTrust APP

TradersTrust offers a mobile app that allows traders to access their trading accounts and trade from anywhere in the world. The app is available for both Android and iOS devices.

• Access to your TradersTrust trading account
• The ability to trade on a variety of financial instruments, including forex, CFDs, and cryptocurrencies (although the specific cryptocurrencies available are not listed in the image)
• Live streaming quotes
• Charts and technical analysis tools
• The ability to place and manage orders


Is TradersTrust a Good Exchange for You？

TradersTrust is the best exchange for beginners seeking a commission-inclusive, user-friendly platform.

• Commission-inclusive spreads: The Classic Account's structure simplifies pricing for beginners who may not be familiar with separate commission fees.
• User-friendly platform: While details aren't provided, the lack of mention of complex features suggests a potentially user-friendly interface suitable for new traders.

FAQs

What is the minimum deposit to open a TradersTrust account？

The minimum deposit depends on your chosen account type: Classic ($50), Pro ($500), VIP ($5,000).

Does TradersTrust offer leverage for trading？

Yes, TradersTrust offers leverage up to 1:500, though it varies by instrument and account type.

How can I fund my TradersTrust account？

You can deposit funds via bank transfer, credit/debit card, e-wallets like Skrill and Neteller, or even Bitcoin and USDT.

Can I buy cryptocurrency using Apple Pay or an ATM？

No, currently TradersTrust doesn't support cryptocurrency purchases through Apple Pay or ATMs. You can buy crypto through their web platform or mobile app.

Risk Warning

Cryptocurrency exchange investments come with inherent security risks. It is important to be aware of these risks before engaging in such investments. Cryptocurrency exchanges are susceptible to hacking, fraud, and technical glitches, which can result in the loss of funds. It is recommended to choose reputable and regulated exchanges, stay updated on security measures, and be vigilant in detecting and reporting any suspicious activities. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.