Global Broker Regulation Inquiry App
WikiFX
Counterfeit Dealer
Trust Markets
Saint LuciaEntry Time 2022-04-14
2022-04-14Input
https://www.trustmarkets.com/
https://www.trustmarkets.com/
Exposure
Time Machine
More
More
2024 years 11 Month
2024-11
Time2024 years 11 Month
Time2024 years 11 Month
Expose
Check whenever you want
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Exposure
12 pieces of exposure in total Pyramid scheme complaint
Expose Unable to Withdraw
Scam
Fraudulent platform appropriating assets
2024-06-25 00:33
Unable to Withdraw
Cannot withdraw money once dividends have been received
Please help me get my capital back! I once deposited more than $10,000 into the exchange! I placed a withdrawal order of $15,000 from March 5th, please help me get my money back.
2024-03-12 23:41
Unable to Withdraw
Unable to Withdraw Money
I have made deposits and traded normally, but since I withdrew all the money last time, they have not resolved and supported my withdrawal. The $9,470 I withdrew from 3-10-2024 until now, which is 10 days, I have not received any support. I kindly request Wiki to review and support me in recovering my money that the exchange has taken.
2024-10-13 12:57
Unable to Withdraw
Scam exchange
My account has over $11,000. I placed a withdrawal order for $3,000 but it was not processed. I tried contacting the advisor but couldn't reach them, so I sent a message to the support department on the website. After that, a staff member named Nguyễn Thế Duy called me and said they would help me with the withdrawal. They asked me to buy new stocks to verify my account and allow the withdrawal. At first, I was skeptical, but because I couldn't withdraw for over a month, I still followed their instructions. As soon as I opened the order to buy some stocks, they said my account was empty.
2024-10-25 00:21
Unable to Withdraw
Huanelevato
This exchange cannot withdraw money, please consider it
2024-06-28 07:23
Unable to Withdraw
Cannot withdraw money
I have been participating in trustmarkets.com for 5 months, and my account is profitable. I placed a withdrawal order more than 20 days ago. I called the hotline 1900234580 and said it had been notified to the relevant party! Error orders or problems are not reported! Hope everyone can help, thanks.
2024-02-25 03:28
Others
Organized Fraud
After depositing on the homepage, a person claiming to be an expert will read the order. NDT only allows trading under the command of the self claiming trader and puts all funds into the trap of locking in losses. After losing a certain distance, rebalance the new purchase order and repeat it until the negative account begins to load more This is a larger number, and the initial capital inflow must be equal to 100% of the loss amount, which will repeat until he commits suicide due to borrowing.
2023-10-05 13:23
Unable to Withdraw
Unable to withdraw money and fraud
My account has over $11,000, I tried to withdraw $3,000 but failed. I contacted the advisors Tuấn Anh and Giang Phạm but couldn't reach them, so I messaged the support department on the website. Then, employee Nguyễn Thế Duy called me and asked me to buy 4 new stocks so that I could withdraw money. At first, I didn't agree because I was afraid my account wouldn't have enough funds. It said that buying a small quantity wouldn't have any impact. Due to the desire to recover the money, I tried with the first stock and found that it didn't affect my account. After that, I continued to buy the recommended stocks one by one, and my account lost everything. Trust Market deliberately deceived me by increasing my margin too high, leaving my account with nothing to avoid paying me.
2024-10-27 00:48
Unable to Withdraw
I cannot withdraw money from the exchange
Unable to withdraw money despite having a positive balance
2024-09-18 18:58
Unable to Withdraw
I cannot withdraw money. Please kindly assist!
I am Nguyễn Thị Liễu using id 9016979 at TrustMarkets exchange. Currently, I have deposited $10,000 into the exchange and there is still $9,470.34 in my trading account. I no longer want to trade and have requested a withdrawal since 03/10/2024. However, until today, 08/10/2024, the exchange has not approved it.
2024-10-08 17:11
Others
The Trust Markets exchange seized 865 million
Trust Markets is a scam. Interfering with my account, sending orders to put my account in a position of gradually burning, then locking my account and requiring me to deposit an amount = 100% of the amount suspended on the floor to remove the scams. But the more you deposit, the more negative your account becomes, then you ask for another deposit, and the cycle goes round and round like that. - in the form of Trust Makets. I was scammed and suspended for the amount of 865 million - I hope admin will consider and help me get the above money back. I would like to thank and rear weights
2024-03-22 11:52
Unable to Withdraw
Trust Market Exchange is a scam!
I joined the exchange on 18/6 with a capital of 1k. When I joined, there was a promise of automatic deposit and withdrawal with a dedicated expert support team. However, after I started real trading, the dedicated expert support team was often unreachable. Either the signals were more losing than winning, so I lost trust in the support. I decided to withdraw my capital, but even after placing multiple withdrawal orders, I haven't been able to withdraw for a week. When I reported this to customer service, someone said they would transfer to the relevant department, the technical department, or the expert team, and after a while, someone called back and said they would support me on the condition of buying 2 lots of sugar. But I was hesitant and didn't proceed; luckily, at that time, I couldn't make the transaction. Otherwise, I would have lost even more capital. And now my account is still suspended, and I can't withdraw. Is there anyone who can help me? My MT5 ID is 9016303.
2024-08-01 16:44
Trust Markets · Company Summary
Note: Trust Markets's official website - https://www.trustmarkets.com/ is currently inaccessible normally.
| Trust Markets Review Summary | |
| Founded | 2014 |
| Registered Country/Region | St. Lucia |
| Regulation | No regulation |
| Market Instruments | 39+ forex, 12+ indices, 134+ stocks, 12+ commodities, 25+ cryptocurrencies |
| Demo Account | ✅ |
| EUR/USD Spread | From 1.0 pips (Standard account) |
| Leverage | Up to 1:1000 |
| Trading Platform | MT5 |
| Min Deposit | 0 |
| Customer Support | Live chat, contact form |
| Tel: +90 212 271 00 66 | |
| Email: support@trustmarkets.com | |
| Restricted Countries | North Korea, United States, Puerto Rico, Canada, Japan, Iran, Iraq, Lebanon, Turkey |
Trust Markets Information
Founded in 2014, Trust Markets is an unregulated broker registered in St. Lucia, mainly offering trading in forex, commodities, shares, indices and cryptoscurrencies. It offers a demo account for practicing and requires no minimum deposit for live accounts on the advanced MT5 platform.
Pros and Cons
| Pros | Cons |
| Wide range of tradable assets | No regulation |
| Demo accounts | WikiFX complaints about withdrawal issues |
| Multiple account types | Restricted in some countries |
| Commission-free accounts offered | |
| MT5 platform | |
| No minimum deposit requirement | |
| Popular payment options | |
| Live chat support |
Is Trust Markets Legit?
Regulation is a crucial aspect of evaluating the legitimacy and reliability of a brokerage firm, and in the case of Trust Markets, the broker operates without any valid regulatory oversight. The absence of a regulatory framework raises huge concerns regarding the broker's adherence to industry standards, financial transparency, and the protection of client interests.
What Can I Trade on Trust Markets?
| Tradable Instruments | Supported |
| Forex | ✔ |
| Indices | ✔ |
| Stocks | ✔ |
| Commodities | ✔ |
| Cryptocurrencies | ✔ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type/Fees
| Account Type | Spread | Commission |
| Standard | From 1.0 pips | ❌ |
| Fixed | From 1.5 pips | ❌ |
| Raw | From 0.0 pips | $7 per lot |
| VIP | From 0.4 pips | ❌ |
| Crypto | From 0.0 pips | ❌ |
Leverage
Trust Markets offersa leverage level of up to 1:1000 for all account types, which means you can control a larger position of up to 1000 times of your initial deposit.
However, you should always be very prudent to use such tool since leverage not only amplify profits, but losses will be augmented at same level as well, especially for abnormal high leverage as 1:1000.
Trading Platform
The broker offers the industry-leading MetaTrader 5 platform, which is popular worldwide for its user-friendly interface, automated trade execution via Expert Advisor, advanced charting and analysis tools, etc.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Android, iOS | Experienced traders |
| MT4 | ❌ | / | Beginners |
Deposit and Withdrawal
Trust Markets mainly accept payments through Visa, Master Card, Bank Wire Transfer and more.
News
No data