Even experienced traders often fall into the trap of scammers and deposit their funds into unverified platforms promising the best service and the opportunity to multiply capital several times over. In reality, distinguishing a reliable company from a pseudo-broker is not that easy because some of them publish information about their license and provide guarantees that withdrawals will indeed be processed. However, when it comes to withdrawing funds, there are many reasons why clients end up losing their money. In this trustscapital.com review, you will learn about all the tricks and understand that it is better not to collaborate with this platform, as the number of deceived users by it is growing every day.
Is TrustsCapital a Trusted Broker?
The main page of this broker’s website is filled with many attractive promises that one can easily believe. The company guarantees to provide the best service in the global market, and the trading conditions are perfect even for novice traders. However, upon checking the information in the section with available tariff plans, it can be noticed that the minimum deposit amount to start cooperation is $5,000. It is unlikely that a novice trader is willing to invest such a large sum. Such pricing is likely to deter them from using TrustsCapital.
âť—Moreover, the company, apparently, has not determined the address of its registration because two addresses are listed on the website, but there is no information about obtaining a license to provide brokerage services. If you open the official page of the FCA regulator (which is responsible for licenses in the territories listed in the broker’s contacts), it turns out that there is no mention of this organization there. This indicates that TrustsCapital provides false information on its website and misleads potential clients.
The broker hides clear information about the commissions for trading operations, and the description of the tariff plans does not provide any details about the conditions under which cooperation will be carried out. However, a client who must pay $5,000 to create an account should have an idea of what they are spending their money on and how profitable it will be to trade on TrustsCapital.
Concerned About Withdrawal?
There is no information available regarding possible fees for withdrawing funds from the platform or depositing funds. Based on the fact that a bank card photo is required for verification, one might think that cards could be used for withdrawals. However, TrustsCapital offers its clients to use cryptocurrency wallets.
Usually, such payment methods are available specifically for pseudo-brokers because it will be impossible to reverse payments from their blockchain networks. Even chargeback services will not help here.
How Long Does The Broker Work?
According to whois data, the platform was registered in September 2023. However, the broker hides information about the project’s development history and its founders, which raises suspicions about TrustsCapital’s activities.
Within such a short period of operation, the platform has already received a large number of negative reviews from its clients. However, there are almost no positive reviews.
Other Signs of Fraud
âť—Invalid contact details are provided on the official website. If you try to contact the operator via email or attempt to submit an inquiry on social media, you will receive no response.
âť—There is no demo account, and the minimum cost of a tariff plan is $5,000. As mentioned earlier, the cost of the basic account is extremely high, making it impossible to check the broker’s website functionality without depositing funds.
âť—Hidden referral system with no description of terms. When creating an account, there is an option to enter a referral code, but there is no section on the platform dedicated to this bonus program. It is unclear what benefit participation in this promotion will bring.
TrustsCapital Review Conclusions
Collaborating with TrustsCapital is extremely dangerous because the broker’s activities are not regulated, there are no guarantees that the platform will not disappear from the market in a few months along with its clients’ deposits, and negative reviews indicate the impossibility of obtaining the promised profits.
Advantages and Drawbacks
âž•Convenient website navigation.
âž–Lack of license
âž–Short operating period.
âž–High minimum deposit amount.
FAQ
How is TrustsCapital Regulated?
The broker does not have a license to conduct its activities, and the office addresses listed on the website are likely to be fake because a company without permission to provide trading services would not establish offices in major cities.
Is It Safe to Invest With This Broker?
It is not safe. The platform has been operating for less than a year, and the terms of cooperation are extremely questionable: inflated tariff plan costs, lack of information about the referral program and demo mode. All this confirms suspicions about TrustsCapital’s fraudulent activities.
How to Get Your Money Back?
If you have already deposited funds but now don’t know how to get them back, don’t waste time contacting various online services. It is better to go directly to law enforcement agencies and seek help from good lawyers.
Brief Conditions
|
Type |
Forex |
|
Location |
UK |
|
Establishment Year |
2023 |
|
Regulation |
❌ |
|
Customer Service |
Email [email protected] |
|
Languages |
En |
|
Demo Account |
❌ |
|
Mobile Trading |
âś… |
|
Web-based Trading |
âś… |
|
Bonuses |
❌ |
|
Minimum Deposit |
$5,000 |
|
Max. Leverage |
1:200 |
|
Scalping Allowed |
âś… |