The Straight-Through-Processing (STP) and ECN services seem to have been an important shift in the Forex industry. Most brokers turned from market making and dealing desks to the STP and ECN services. Some of them did not give up on market making but only widened their service to STP/ECN and do both. When you look at the Forex business, it seems that ECN is the solution to get rid of scam market makers, but it is not as easy as it seems. No matter how much traders resent the conflict of interest issue with market makers, they are still needed in the business, since the majority of people is not financially able to maintain an ECN account. Like everything good in life, ECN comes with a price. Traders-Trust is a Forex broker who offers only STP/ECN services and enjoys a good reputation. ECN brokers are generally more acknowledged than dealing desk brokers. What Traders-Trust else offers can be found in the following Traders-Trust review.
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General Info
Traders-Trust was founded in 2009 in Cyprus and focused immediately on STP/ECN services. The broker has come a long way in its 7 years by spreading on other markets as well. Meanwhile, the broker can be found in the UK, which is also a popular Forex center, and in Germany, where brokers are not that frequent. The broker works under three regulations; its original CySEC, then the UK FCA, and the German BaFin. Traders are already used to the CySEC and FCA licenses, but it is always a pleasant surprise when a broker secures a BaFin license. Germany is the leading EU country, but Forex trading seems to be not that mainstream as in the UK for example. BaFin criteria are also very high, which means that Traders-Trust is really reliable if it managed to secure the trust of the BaFin people. If we add the CySEC and FCA watchdogs, then, we can certainly state that this broker cannot escape with any irregularity.
Platform
As 90% of the brokers in the business, Traders-Trust also offers the Meta Trader 4 platform. The widely-recognized platform offers the following:
- Fast and one-click execution
- Analytical tools and history back-tracking
- Free signals and auto-trading tools (expert advisors)
- Multiple visual charts
- Clear-cut interface
- Numerous trading indicators and customizable settings
No wonder that the MT4 was such a huge success if we consider the universal features of the platform which meet the trading needs of every individual. Traders-Trust offers the platform in the downloadable and web version for Window and Mac devices. For mobile trading, the MT4 is supported on Android and iOS devices, and you can try it out by downloading the Traders-Trust mobile app which offers the same trading experience as the PC version.
Account Types
First of all, Traders-Trust offers a demo account for the newcomers who need to acquire some experience and get familiarized with the trading platform. The second option is the MAM account for multiple account usage. This account is suitable for financial advisors and managers who run and operate other people’s funds. For all other traders, the most used Traders-Trust account is waiting, which is the STP account with very fast order execution (e.g. over 99% of executions within 4 ms). The deposit is not high, and a minimum of $100 makes the account more than affordable to the average trader. You can also optimize your trading with 1:500 leverage, scalping, and hedging at your disposal. Since it is an STP service, spreads are very tight and competitive, and you will be automatically linked to the best quotes out here. Minimum trade volume is 0.01 lots, and you are free to consult personal account managers, as well as free technical analysis tools.
Traders-Trust Bonus
We have witnessed a decline in bonus offers, given that brokers do not rely anymore that much on bonuses to attract clients. They know that it is more important to offer reliability and the best quotes rather than bonuses. Still, Traders-Trust is still one of the old-school brokers who includes a little bonus for their customers. When you join the broker for the first time, you will be able to secure a Traders-Trust Welcome Deposit Bonus of 30%.
Funding Options
Traders-Trust accepts a lot of payment methods, and the broker processes withdrawals within only 6 hours. This is great news given that most brokers take 24h to handle withdrawals. The payment methods include bank transfer, credit cards, Skrill, Fasapay, Neteller, UnionPay, OKPay, and WebMoney.
Customer Support
The Traders-Trust support team is available 24/5 and traders can reach the support via phone, e-mail, and live chat. The broker offers many educational materials for free within the accounts which means that a lot of information can be squeezed out independently, but for all technical and general inquiries you are free to contact the lovely Traders-Trust customer support.