General Trust Group operated from the website generaltg.com is a suspicious broker that we cannot trust with funds at this moment.

The company provides a Switzerland physical address and implies that it is giving traders multiple benefits to assist them in their trading.

Their website is also very professional-looking just like LiteGraphs and those of a few CFDs brokers selling their “services” on the internet.

However, we took note of General Trust Group’s rigorous but deceptive marketing strategy. Currently the broker has a lot of positive reviews coming from dozens of industry-related websites.

These reviews imply that this broker is trustworthy and legitimate, and newbies are going to be easily sucked in.

We noted that those reviews are not addressing the real elephant in the room. The red flags that we’ve seen on the generaltg.com website are worrying.

For that reason, we’d like you to read our review to learn why we believe General Trust Group is one of those brokers that will mess you up financially.

General Trust Group review

The website of this broker generaltg.com is very new as it was created in March 2023. It is registered privately so we can’t tell who owns the domain.

New brokers try everything possible to appear legitimate, and this includes engaging in an aggressive marketing campaign so that they can acquire clients faster.

These brokers hope that such marketing campaign will overshadow the red flags and make traders trust them nonetheless.

With no track record, General Trust Group still believes that they can put their best foot out there.

Here are signs that generaltg.com is not a trustworthy website (at least for now).

1)Generaltg.com is providing CFDs assets for trading but they don’t hold a valid license from the local financial regulator.

2)No real client feedback to back the claims of this broker.

3)Company’s about page is shallow and vague.

4)This is not a true ECN/STP broker and therefore no guarantees that they won’t manipulate your positions.

5)No demo account for new traders

Our thoughts about General Trust Group (generaltg.com) broker

If this broker was legitimate, they would have been registered by FINMA because this is the local financial regulator governing brokers who are doing business from Switzerland (where this broker claims to be based at).

Unregulated brokers are known to create unfavorable trading conditions to their clients.

For example, instead of the usual spreads of between 0.0 to 2 pips, the unregulated broker will always charge North of 7.0 pips. This is manipulative and too expensive.

An unregulated broker such as General Trust Group will also not hesitate to trade against you. They’ll hunt your stops so that you can lose your positions prematurely. Your lose is their profit.

Furthermore, their clients will also experience withdrawal failures with no explanation. When they refuse to process withdrawal requests, the broker takes the money to his pocket.

Finally, a decent broker will always provide a demo trading account for beginners who don’t want to invest funds right away.

If a broker doesn’t offer demo account, run because they want you to lose your funds quickly. Remember that this loss is their profit.

Conclusion of this broker review

Don’t be fooled by the design of the General Trust Group website. This is just part of their marketing strategy to draw in new clients who may think they are legitimate.

Their lack of a track record is a serious concern. You cannot be the first to risk your money on a supposed trading platform that peddles many benefits yet no clients are using it.

Thanks for reading this review. We do not trust General Trust Group and neither do we believe that the positive reviews about this broker are legitimate.

Use this chance to review the broker in the comment section.