Score
Saint Vincent and the Grenadines
|
2-5 years
| https://trubluefx.com/
Website
Rating Index
LicensesNo valid regulatory information, please be aware of the risk!
Saint Vincent and the Grenadines
trubluefx.com Germany
VIP is not activated.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
| Feature | Detail |
| Regulation | No regulation |
| Market Instrument | FX and CFDs on Indices, Commodities, and Cryptocurrencies |
| Account Type | Trading Account and Managed Account |
| Demo Account | yes |
| Maximum Leverage | N/A |
| Spread | N/A |
| Commission | N/A |
| Trading Platform | MetaTrader5 for Windows, iOS, Android and Mac |
| Minimum Deposit | N/A |
| Deposit & Withdrawal Method | Wire Transfer, Cryptocurrencies |
Trubluefx, a trading name of Ares Global LLC, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments on the MT5 trading platform. Here is the home page of this brokers official site:
As for regulation, it has been verified that Trubluefx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.12/10. Please be aware of the risk.
Note: The screenshot date is January 11, 2023. WikiFX gives dynamic scores, which will update in real time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Trubluefx advertises that it offers access to a wide range of trading instruments in financial markets, including FX and CFDs on Indices, Commodities, and Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT) and more.
Account Types
Trubluefx claims to offer demo accounts, Trading Account and Managed Account. It seems that no minimum deposit requirement.
Trading Platform Available
The platform available for trading at Trubluefx is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for Windows, iOS, Android and Mac, which is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
Trubluefx says to support Wire Transfer (accept EUR as Fiat currency) and Cryptocurrencies ( fund your account with BTC, ETH and USDT). It does not take any deposit fees, however, it may happen that your bank or intermediate banks charge some fees. When you deposit in Cryptocurrencies, blockchain fees will occur and must be paid by the sender.
Customer Support
Trubluefxs customer support can be reached by email: support@trubluefx.com or leave messages online to get in touch. Registered office: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
Pros & Cons
| Pros | Cons |
| • Multiple trading assets offered | • No regulation |
| • Demo accounts available | • No information on trading costs |
| • MT5 supported |
Frequently Asked Questions (FAQs)
| Q 1: | Is Trubluefx regulated？ |
| A 1: | No. It has been verified that Trubluefx currently has no valid regulation. |
| Q 2: | At Trubluefx, are there any regional restrictions for traders？ |
| A 2: | Yes. The information on Trubluefxs site is not directed at residents of the United States. |
| Q 3: | Does Trubluefx offer demo accounts？ |
| A 3: | Yes. |
| Q 4: | Does Trubluefx offer the industry-standard MT4 & MT5？ |
| A 4: | Yes. Trubluefx offers MetaTrader5 for Windows, iOS, Android and Mac. |
| Q 5: | Is Trubluefx a good broker for beginners？ |
| A 5: | No. Trubluefx is not a good choice for beginners. Not only because of its unregulated condition, but also because of its lack of transparency. |
A forex broker called Trubluefx recently caught our eye; it is the trading name of the company Ares Global LLC. However, some sources said that this broker is actually run by the same group that is behind the Ponzi scheme at Traders Domain. What is the truth here?
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