Quite believable, but not entirely, the Trader Trust EU scam is almost convincingly impersonating a reputable Cypriot Forex dealer.
Despite the similarities and quite a copy/pasting job, regulatory information could not be blatantly forged once regulators publish the truth. Keep reading our Trader Trust EU review to find out how we saw through each and every single lie this charlatan sells.
| Regulated by: | Unregulated Broker |
| Is This Company Safe? | No, this company is an apparent clone of a reputable firm, so stay away! |
| Known Websites: | trader-trust.eu |
| Have Warnings from: | CBR |
| Registered in: | Cyprus (alleged) |
| Operating since: | 2023 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | 1:400 |
| Minimum Deposit: | $2.000 |
| Deposit Bonus: | Up to 150% |
| Trading Assets: | Crypto. Forex, Stocks, Commodities, Indices |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Contact our professionals for help with the chargeback. |
Highly Convincing Scam
One of the most recurring and believable scammers that appear nowadays are certainly swindlers that steal legal business information from acclaimed companies. The Trader Trust EU regulation is nothing but a story of lies and false claims, as the domain is just a slightly altered copy of a CySEC licensed brokerage site – traders-trust.eu.
These fraudsters also claim to be owned by the same company – TTCM Traders Trust Capital Markets Ltd. However, just one look at the CySEC entry proves they’re blatantly lying about it, as the domain in question is not listed as an approved one.
Since the website’s main language is set to Russian, it is apparent that they’re focused on the victims from that country. That has prompted a warning issued by the Central Bank of Russia (CBR).
There’s no doubt about the safety of funds being compromised on this site, with the absence of segregated accounts and negative balance protection. We also warn our audience to stay away from Capitalco, as they display similar tactics.
Cheaters Hide Their Tracks Well
Whatever little Trader Trust EU reviews you find in popular media complain about the same set of problems. Victims all speak about someone contacting them by phone, and introducing themselves as a forex expert.
We call these people boiler room agents, and it’s their job to find new victims to steal from. If a mark shows any kind of interest, these predators will pounce and try to squeeze as much money as possible from them. The methods include extortion, threats and good old false advertising.
With the domain’s WhoIs data redacted, it became somewhat difficult to learn when the operation started. The CBR warning is dated to late 2023, which indicates that the site was created some time earlier. As for the victims, they mostly seem to live in these areas:
- Poland
- Canada
- Germany
- Switzerland
Terms are Anything but Attractive
The leverage progressively increases with the deposit requirements, with the maximum ratio of 1:400. The spreads are only defined as “fixed”, without being revealed. Only the priciest account allegedly has spreads set to 0.7 pips.
The only other fee revealed is the inactivity tax that is charged on a monthly basis after 30 days of idleness and is set at $50.
Cash Bonus With Ruthless Terms
Registering for an account brings bonuses. These range between 30% and 150% of the deposited sum.
Trading volume required prior to payouts is the amount of bonus multiplied by the leverage. As crazy as this math sounds, that’s the catch: cons use the required trading volume as an excuse to effectively block any withdrawal attempts!
Deceptive Trading Features
As is the norm with all of these bogus companies, including the 24 Era scheme, the trading amenities are all brag and no substance.
Nearly none of these sorts of con operations actually feature any trading on their platforms. They don’t need to, since the companies earn the money through stealing, and not through providing a quality service. The Trader Trust EU fake license is another confirmation of such intentions.
Abysmal Trading Software
If we were to describe the Trader Trust EU broker Web Trader in a single word, it would be horrendous. As a piece of trading software, it’s woefully inadequate as it doesn’t have even the most essential of features.
You have a basic stop loss and pending order options, as well as some basic charting tools. The only decently functioning part of the program is the instrument selector, and that’s about it.
Collection of Assets
Except for several standardly traded instrument groups, the selection of markets isn’t anyhow innovative or exotic:
- Indices (NASDAQ, DOW, DAX)
- Stocks (Alcoa, Bank of America, Chevron)
- Commodities (Coffee, Wheat, Cotton)
- Currencies (EUR/USD, USD/JPY, EUR/GBP)
- Crypto (BTC, ETH, XRP)
Pricier Accounts – More Extreme Terms
The Trader Trust EU account types can be described as anything but affordable. With the extreme deposit requirements, you’d expect more beneficiary features to come. However, that is not the case here.
More expensive account types bring riskier trading conditions and less certainty in terms of protection and costs. Here’s the price table:
- BASIC – € 2.000
- STANDART – € 5.000
- VIP – € 25.000
- PRIME – € 50.000
No Automatic Transaction Processing
Clients can’t directly deposit any funds though the dashboard, and have to contact their “account manager” instead.
Trader Trust EU withdrawal is a similar affair, but differs in some aspects – you can request a payout through the dashboard, but it still needs to be approved manually.
Financial channels are said to be Credit Cards, bank wires and crypto transfers, but we were unable to verify this. Knowing how the majority of these schemers work, withdrawals are more likely to simply be denied for one reason or the other.
Does Support Even Work?
Articulating their issues to the service provider is one of the center features on every platform. There’s several channels presented on the site:
It’s a question if any of these perform at all. We already know that the location is fake and we never got any replies to our email inquiries.
Got Defrauded? We Can Help You!
Investing with illicit companies carries significant risks outside of those that you may lose money while trading. These deceivers are likely to steal your personal data, and abuse it for their own gain or sell it to various third parties for profit.
Our experts can help you recover the stolen money. We have ample experience in the matter, and are available 24/7 for your convenience. Book a free consultation today via live chat, and start working on recovery!
FAQ Section
What is Trader Trust EU?
The website in question is a fraudulent attempt of the cons to impersonate a licensed online trading brand.
Is Trader Trust EU Regulated?
No, the Trader Trust EU license is totally fake, as the firm is just a clone of a regulated, Cypriot firm.
How Can I Recover Money From a Scam Broker?
There are several recovery processes available depending on the payment method used. For more information, book a consultation with our experts.
