TRS Markets Review: Fees, Commissions, and More

If you saw the TRS Markets website, then you know that the broker is bragging with many regulations, licenses, and supervisions. Now, if you ever saw any of the regulatory body registers, you know it’s absolutely not true.

Read our TRS Markets review and find out what is wrong with this shady broker.

Broker status: Unregulated
Regulated by: No regulation
Scammers Websites:
Blacklisted as a Scam by: CSSF, CONSOB
Owned by: TRSM LTD
Headquarters Country: UK
Foundation year: 2020
Supported Platforms: MT4, web trader
Minimum Deposit: $250
Cryptocurrencies: Yes
Types of Assets: FX, cryptocurrencies, commodities, indices, shares
Maximum Leverage: 1:1000
Free Demo Account: Yes
Accepts US clients: No

TRS Markets Regulation and Security

TRS Markets is owned by TRSM LTD, a company based in the UK. With this, we will not argue since the company was registered there in July 2020. However, to provide financial services, you need to have more than a registered company. All the UK-based brokerages need to have an FCA regulation. After reviewing the FCA register, we discovered TRS Markets has no regulation at all. Another statement from the website is that Luxembourg CSSF regulates the broker through connection with Northern Trust Global Services SE. And again, this is not correct. Northern Trust is a legit fund management company not related to TRS Markets in any way.

Now you know you have no reason to trust the TRS Markets broker. They are scammers, such as Glare Markets, LHK-Group and Migo Trade.

Warnings From Financial Regulators

As it usually happens with scam brokerages, some regulator notices their activities. In this case, the CSSF mentioned above from Luxembourg issued a warning stating that TRS Markets is not in any way regulated or licensed by this regulatory body. Also, they warned EU and EEA zone citizens not to fall for the scam.

Warning concerning the website

Another warning came from the Italian CONSOB. TRS Markets is blacklisted, and citizens are warned about their illegal activities.

The financial organization from Hong Kong, FINACOM, received many complaints about TRS Markets and issued an official warning regarding the broker.

Fund Withdrawal Issues

As we already mentioned above, many regulators and financial organizations received complaints about the broker. And most of these complaints are related to withdrawal issues. Therefore, we’ve closely checked the TRS Markets website to discover terms and conditions of trading and withdrawing profit. First of all, the minimum deposit on the main page says to be $250, while in the Account types tab, we found $150. The leverage this broker provides is against any regulatory standards and goes up to 1:1000 for the Forex market. Trades are executed on the MT4 and Standard web trader.

The most suspicious are the payment methods – credit/debit card, wire transfer, and around ten different ways to deposit cryptocurrencies. Withdrawal methods are not even listed, so we can assume they’re the same as for deposits. Once you make your deposit via crypto, the transaction is tough to follow. Be aware of it.

Scammed by TRS Markets?

If you were scammed by TRS Markets, do not hesitate to report it. As you saw throughout our TRS Markets review, you are not the only victim of their scam. The broker has its way to pursue you to make a deposit and start trading. Yet, you are the one who has a way to get your money back. You need to file a dispute and request a chargeback.

But what is a chargeback? It’s a way of refunding your card in case you have been scammed online. 

Contact our support via chat for more details about the chargeback procedure.

What is TRS Markets?

TRS Markets is an unregulated online trading broker.

Is TRS Markets a scam?

TRS Markets has no regulation and is blacklisted around Europe and Asia.

Is TRS Markets regulated?

TRS Markets is not a regulated broker.

Unfortunately, many users start reading reviews only after falling victim to scams. We sincerely hope that you are not one of them!
However, if you're here because you suspect that your investment isn't in a safe place, know that you have the right to claim funds back!

Report a Fraud Case & Claim a Refund from Scammers

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