The world of online trading is filled with opportunities and risks. The risks are especially high when it comes to dealing with brokers that are not regulated, and this is where trustce.net comes in. The internet is rife with stories of traders who have lost money to unscrupulous brokers and as such, it is important to thoroughly research any broker before investing any money. This review will examine trustce.net with the aim of determining if it is a scam or a legitimate broker.
Overview
trustce.net is an online trading platform that offers forex, commodities, indices, and cryptocurrency trading. The platform is relatively new having been launched in 2018, and claims to be based in Australia. The company offers trading services to both retail and institutional clients.
Is trustce.net Regulated?
One of the essential requirements for any broker is regulation. Regulatory bodies like the US SEC, ASIC in Australia, the FCA in the UK, and CySEC in Cyprus are tasked with ensuring that brokers are operating within the law. Unfortunately, trustce.net is not regulated by any financial regulator, which is a significant red flag.
We tried to find it first in FCA, but no result was found. Similarly, we tried with other regulatory sites, and we found no regulation from any organization.
Warnings from Financial Regulators
Apart from not being regulated, trustce.net has been blacklisted by several financial regulators. The British Financial Conduct Authority (FCA) has blacklisted the company, stating that trustce.net was operating without authorization and that they were a scam. In Australia, the Australian Securities and Investments Commission (ASIC) has also warned investors about dealing with trustce.net and stated that the company was not authorized to provide financial services in Australia.
What Currency Pairs Do They Offer?
trustce.net offers a wide range of currency pairs including major, minor, and exotic pairs. However, it is important to note that most reputable brokers will offer similar options with tighter spreads and better trading conditions.
Customer Support
trustce.net offers 24/7 customer support via email and live chat. However, the quality of customer service is questionable given the number of complaints from traders who have not been able to contact customer support.
Trading Platform
trustce.net offers a web-based trading platform. The trading platform is user-friendly and comes loaded with several technical indicators and charting tools. However, the platform is not equipped with features like automated trading and requires traders to watch the markets closely.
What Do Traders Think About trustce.net?
The reviews of trustce.net from traders are primarily negative. Most traders have reported difficulties in withdrawing their funds, while others have accused the company of fraudulent behavior.
What To Do If You Get Scammed?
If you have been scammed by trustce.net or any other broker, it is important to take swift action. The first step is to report the issue to the relevant regulatory body in your country. You can also report the issue to the police, your bank, and the credit card company used to make the deposit.
But, for an immediate solution, you should contact us. We will provide you with a free consultation and service recommendations to help you in recovering the lost fund.
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Final Thought
Based on this review, we can conclude that trustce.net is a scam broker. The company is not regulated, and it has been blacklisted by several financial regulators. The high number of complaints from traders coupled with the negative reviews is a clear indication that this broker should be avoided. If you are considering trading, it is important to research and choose a reputable broker that is regulated by a financial regulator in your country.
