Trustbit Trade Review – In-Depth Analysis Reveals Shocking Truth
If you are looking for a reliable company to invest your money in, Trustbit broker is not one of those. Primarily because they don’t reveal any ownership details. Neither does the company mention any of the legal addresses or headquarters.
If you think that’s all of the irregularities, you are wrong. Read this Trustbit Trade review carefully and find out many more.
|Regulated By:||No Regulations|
|Is This Company Safe?||No|
|Have Warnings From:||N/A|
|Trading Platforms:||MT4 (allegedly)|
|Maximum Leverage:||1:200 – may vary|
|Minimum Deposit:||250 EUR|
|Deposit Bonus:||Not available|
|Trading Assets:||Forex, Indices, Commodities, Shares|
|Free Demo Account:||Not Available|
|How To Withdraw From This Company?||Considering the company’s anonymous approach the withdrawal would be quite questionable. But if you experience any issues, our refund specialists are available for consultation. Don’t hesitate to contact us for the first free meeting!|
Legal Info: Is Trustbit Trade Legit Or A Scam?
If you take a closer look at the Trustbit.trade website, you won’t find any legal information whatsoever. Primarily, they are hiding ownership and location. On top of that, the company lacks the crucial licensing for their business.
In fact, the company doesn’t have any of the preferable licenses, starting with the FCA, BaFin, and ASIC. Without these, all their services and features become questionable. Especially withdrawals.
Who Are Trustbit Trade’s Clients?
For a company that was registered in 2023, they already have a bad reputation. But honestly, you can’t expect anything more from such an anonymous broker. In any case, most of the scammed victims come from:
- United Kingdom
Regardless of your country, feel free to share your opinion about this firm. But if you want to start the refund process immediately, contact our chargeback experts directly.
One of the leading signs that Trustbit.trade is a scam is their reviews. Only on Trustpilot, you can see more than 70% of unsatisfied customers.
If you take a closer look, you will see mostly withdrawal issues. Which are expected with unregulated firms. But luckily for us, this just helps you understand better our point. If this broker is trying to scam you, contact our refund experts as soon as possible.
Investment Costs With Trustbit Trade
It seems the company offers leverage of up to 1:200. Even though it’s not that dangerous, there’s a hidden clause. This leverage might vary based on clients’ appropriate assessment. On top of that, the company advertises spreads from 1 pip. But that’s rarely fixed there. Instead, you get much higher. Especially with unregulated brokerages.
Apparently, none of the accounts have any commissions included.
Trustbit Trade Trading Features
All of the trading features are based on manipulation, primarily with their trading software. As can be seen, the company claims to offer a highly popular MT4. Yet, none of the options on their website lead to a download option.
Besides these possibly fake MT4 availability statements, there’s nothing positive about this firm.
Trading Platforms Available
As mentioned, MT4 is quite a reliable and trusted platform. But in the wrong hands, it can be quite dangerous. Like anything else. So, if the unregulated broker uses trusted software, you shouldn’t trust it anyway. Primarily because there are other warning signs telling you not to.
After all, they are not offering a demo account, so you can’t test their statements.
Available Trading Assets
One of the big flaws with this investment firm is the lack of a crypto trading feature. Even though these are risky and volatile, these are some of the most popular options. But to learn how to know where to invest in crypto, read our Finrally review. In any case, with Trustbit.trade broker, you can trade with:
- Forex – GBP/USD, EUR/HUF, EUR/SEK
- Commodities – crude oil, natural gas, silver
- Shares – Amazon, Tesla, Apple
- Indices – CAC 40, ASX 200, Dow Jones
The account types with this firm don’t reveal many benefits. The main difference comes with maximum open positions and leverage. Meanwhile, the spreads mostly remain the same. In any case, you can choose between:
- Classic – 250 EUR
- Basic – 250 EUR
- Basic gold – 250 EUR
- Platinum – 250 EUR
- VIP – 2.500 EUR
Mobile Trading App
Allegedly, the company offers mobile trading. Yet, none of the download options are available on the company’s website. It all looks like they are just manipulating traders with MT4 to trust them and deposit money. But to learn what happens next, read our HeroFX review carefully.
Generally speaking, a demo account is a key feature with many licensed brokers. Since Trustbit.trade is not licensed, we understand why they don’t offer it. They don’t want to reveal their flaws and shameless fees. That’s standard practice with anonymous, unregulated brokers. And you should be aware of it!
Of course, with unreliable and non-licensed brokers, you can’t expect trusted education. In fact, everything with them is designed to rip you off, not to help you. But if you are looking for a proper trading program, sign up with any top-tier licensed firm.
Trustbit Trade Withdrawal
Considering missing T&Cs and withdrawal policy, you can forget about smooth withdrawals. Primarily, the company is hiding deposit and funding methods. Therefore, various issues are expected.
Some of the most common are non-existent fees and taxes. But there are also AML laws and verification issues. In any case, too many factors that could affect your next move.
One of the biggest warning signs is the company’s customer service. They don’t offer any reliable and quick-response features, such as live chat or phone. Instead, they only give you an online contact form option and e-mail. Yet, both options leave them enough room to make up any excuse if needed.
Key Information To Consider About Trustbit Trade?
All in all, this firm can’t be trusted because of missing regulations. That’s the first and most important sign. On top of that, they are anonymous and don’t reveal much about their trading conditions. Especially not about withdrawals. So, why trust them if they are hiding so many things?
But if you already did, you can contact our chargeback experts for help. Most importantly, the first consultation is free. Don’t hesitate to book yours now.
What is Trustbit.trade?
Trustbit.trade is an anonymous investment firm operating only since 2023 without any reputation.
Where is Trustbit Trade Based?
The company doesn’t reveal any of the headquarters information. With this hidden information there’s no need for you to trust them.
What Can I Do If I Was Scammed Online?
If you were scammed by this or any other swindler we suggest you apply for a refund immediately. If you don’t know how, contact our experts as soon as possible.