Introduction

Traders Trust (TTCM) is an international online forex and CFD broker established in 2009. Regulated by the Cyprus Securities and Exchange Commission (CySEC), and also licensed in other jurisdictions like Seychelles (FSA), it aims to provide a secure and transparent trading environment for retail and institutional clients worldwide. The broker offers access to a wide range of financial instruments, leveraging popular trading platforms and a focus on competitive trading conditions.

Key Features

• Regulation: Regulated by CySEC (Cyprus) and FSA (Seychelles), offering a degree of investor protection and transparency.
• Trading Platforms: Offers the industry-standard MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms, available on desktop, web, and mobile devices.
• Tradable Instruments: Provides access to Forex pairs, Commodities (precious metals, energies), Indices, and Cryptocurrencies via CFDs.
• Account Types: Features different account types tailored to various trader needs, often including Standard, Pro, and VIP accounts, with varying spread and commission structures.
• Leverage: Offers competitive leverage options, which can go up to 1:500 for non-EU regulated entities, while EU-regulated entities adhere to ESMA limits (1:30 for major forex pairs).
• Execution Model: Employs Straight Through Processing (STP) and No Dealing Desk (NDD) execution, aiming for fast order execution and minimal requotes.
• Customer Support: Provides multi-lingual customer support through various channels including live chat, email, and phone.
• Educational Resources: Offers some educational content, market analysis, and trading tools to assist traders.

Pros

• Strong Regulation: Being regulated by CySEC provides a higher level of trust and client fund protection within the EU.
• MT4 & MT5 Availability: Access to the world’s most popular trading platforms, offering extensive charting tools, indicators, and automated trading capabilities.
• Diverse Instrument Selection: Good range of CFDs across various asset classes, allowing for portfolio diversification.
• Competitive Spreads: Offers tight spreads, especially on its ECN/Pro accounts, which can be beneficial for high-volume traders.
• STP/NDD Execution: Promises transparent and fast execution without dealing desk intervention.
• High Leverage Options: For clients under non-EU entities, high leverage can be appealing, though it carries higher risk.

Cons

• Limited Research Tools: Compared to some larger brokers, Traders Trust’s in-house research and market analysis tools can be somewhat basic.
• Higher Minimum Deposits for Premium Accounts: ECN or Pro accounts, which offer tighter spreads, often require higher initial deposits.
• Geographic Restrictions: Not available to traders in certain regions due to regulatory restrictions (e.g., USA, Canada, Japan).
• Educational Content: While present, the depth and breadth of educational materials might not be as extensive as some industry leaders.
• Commission Structure: ECN accounts charge commissions, which some traders might prefer to avoid, even if spreads are tighter.

Pricing

Traders Trust operates with a variable pricing model that depends heavily on the chosen account type:

• Spreads: Spreads start from 0.0 pips on the Pro and VIP accounts for major currency pairs, typically for an added commission. Standard accounts generally have wider, commission-free spreads starting from around 1.2 pips.
• Commissions: Pro and VIP accounts typically incur commissions. For example, the Pro account might have a commission of $3 per lot per side (or $6 round turn) for Forex trades.
• Swap Fees: Standard swap rates (overnight interest) apply for positions held open overnight, which can be positive or negative depending on the instrument and direction of the trade.
• Minimum Deposit: The minimum deposit varies by account type. A Standard account might require $50, while a Pro account could start at $500, and a VIP account potentially $30,000 or more.
• Deposit/Withdrawal Fees: Traders Trust generally does not charge deposit or withdrawal fees for most methods, though third-party payment processors might impose their own charges.
• Inactivity Fees: There might be an inactivity fee charged for dormant accounts, typically after a prolonged period of no trading activity (e.g., 6 months).