Trust Capital TC Review: Do they Scam Traders?

Trust Capital TC is a Cyprus-based Forex broker with roots in Lebanon and also across Europe.

While Trust Capital TC website is professional and the company is regulated by CySEC for the sake of achieving legitimacy, there are certain things we need to discuss in our review so that people can make informed decisions.

For the sake of trading and investing in a wise way, my recommendation is always to consider these highly rated trading products.

The broker is offering its customers a wide range of instruments for trading such as Forex, OTC Futures and CFDs.

These instruments can be traded on the company’s MT4 software.

Despite the company have registered their domain in January 2017, they don’t appear to be the top choice for traders looking for reliable Forex brokers.

In fact, even their Alexa ranking (a website that tracks popularity of other sites) suggests that they are receiving less than 40 visitors per day.

In addition to this, Trust Capital TC does not have any feedback from traders just yet.

Perhaps there is a reason why traders don’t prefer them just yet.

So in this review, we will go through these potential reasons, one by one.

Trust Capital TC Review

Their minimum deposit is $250. This is considered very high because other brokers have a $50 minimum deposit requirement and sometimes less.

Trust Capital TC states that they don’t charge any commission except on their CFDs products.

If they don’t charge commission on their Forex products, then definitely they charge swaps.

The broker does not disclose their swap fees though, which makes it difficult for traders to make a decision before they sign up.

Also, Trust Capital TC advertises 0.6 pips but their basic account has a minimum spread of 1.8 pips on some instruments.

It appears that trading with this broker on their basic account is expensive.

Upgrading to the next higher account is not an option because here, the minimum deposit is $500.

Trust Capital TC deposit and withdrawal options

They support a number of payment methods which include Visa, MasterCard, Skrill, Neteller and Bank Transfer.

They also claim to support PayPal deposits and withdrawal, though this is something that has not been confirmed yet.

Many brokers shun PayPal because of their strict policy where they hold funds.

I’ve also observed that this broker is not accepting Crypto payments.

Right now Crypto is so popular and they should consider integrating this option as soon as they can.

The Conclusion

Trust Capital TC is definitely not recommended at this time as they don’t have feedback from any customers yet.

While acquiring a CySEC license was the best thing they did, licensing is not everything as things like trading conditions, customer experience etc are even more valuable.

We’ll definitely watch this broker to see whether they will step up their marketing in an aggressive way.