TrustGarden Review – What Do We Know About Trustgarden.net Broker?
TrustGarden is an anonymous investment firm that didn’t care enough to provide its investors with the necessary information. Instead, the brokerage employs experienced account managers to sell stories about legitimacy and stellar success. Read our TrustGarden review and find it all out.
|Broker status:||Unregulated Broker|
|Regulated by:||Unlicensed Scam Brokerage|
|Blacklisted as a Scam by:||N/A|
|Headquarters Country:||Marshall Islands|
|Supported Platforms:||Sirix WebTrader|
|Minimum Deposit:||250 EUR|
|Types of Assets:||Forex, commodities, indices, shares|
|Free Demo Account:||Yes|
|Accepts US clients:||Yes|
What About TrustGarden Regulation?
With the slogan “Learn to trade from the best,” we would think that you would get assistance from Warren Buffet himself. However, the sad truth is that TrustGarden is another scheme firm allegedly based in the Marshall Islands with a UK support number. Its employees are surely not what anyone would consider the best.
The Terms and Conditions vaguely suggest that the governing law is the law of Estonia. Knowing the reputation of this Eastern European country when it comes to financial institutions, we’re absolutely ready to believe that TrustGarden is a scam.
Why Is It Important For A Broker To Be Licensed?
A broker must have a valid financial license to prove it belongs under regulatory supervision. Furthermore, Tier1 supervised Forex firms have compensation funds to reimburse potential victims and are risking being penalized by the authorities.
You can’t expect much if a firm is unlicensed, as’s the TrustGarden broker. It can vanish at any moment with all of your funds.
Is TrustGarden a Legitimate Broker Or A Fraud?
TrustGarden is not a legitimate Forex and CFD trading provider. There are no information about the firm itself, besides the fact that it belongs under the Estonian governing law.
Traders’ Reviews of TrustGarden
TrustGarden’s Trustpilot account was flagged for misuse, and there seem to be a lot of fake reviews. After deleting them, the broker’s score fell to 2.1 stars, with a rating poor. Here’s an example.
“Trustgarten is a fraud account, they show you profits and constantly demand additional payments, in particular agent dr Marco Nicolo is a shabby liar.
However, no payment will be made.”– Trustpilot Customer
What Platforms Does TrustGarden Offer? – Trading Software
TrustGarde offers Sirix, the best web-based platform you can find. However, it means nothing when provided by an illicit trading firm. Despite the platform’s quality, your funds are at risk.
The broker can easily manipulate your trades and show you fake profits to convince you to invest more. Besides, the trading conditions don’t have to comply with any regulatory standards, making investment risky.
If you want to start trading, our best advice would be to find a legitimate firm with MT4 or MT5.
All About TrustGarden Accounts – Swap-Free and Demo Account
TrustGarden has several account types. Swap-free or Islamic accounts enable investors to place trades without overnight costs prohibited by Shariah law.
The Demo account is available and ready for platform testing. Yet, note that your real issues will start once you deposit real funds and need to get a withdrawal.
When it comes to Live accounts, there are 5 of them.
- Green – 5,000 EUR
- Premium – 25,000 EUR
- Platinum – 50,000 EUR
- Executive – 100,000 EUR
- Presidential – 250,000 EUR
TrustGarden Broker – Countries Of Service
Our research has shown that TrustGarden broker is mainly active in:
- South Africa
Range of Trading Instruments and Markets
TrustGarden customers can trade in four markets:
- Forex – EUR/USD, USD/JPY
- Commodities – oil, gas, gold
- Indices – NASDAQ, FTSE100
- Shares – Amazon, Google, Apple
Bonuses – As A Method Of Fraud
TrustGarden approves deposit bonuses, but its employees won’t inform you about the clause coming along. Apparently, if you accept any “non-deposited funds,” you cannot place a withdrawal since these funds are not eligible to be withdrawn, and proving that your profit was made from your own funds and not bonuses is nearly impossible.
Contact Information And Customer Service
The broker listed a UK phone number for all the information. However, we tried dialing it and it seems that it’s out of service. Of course, we’re absolutely sure that you will hear how busy the line was and the company’s employees are constantly helping someone.
The truth is, most firms use different VoIP servers just for outbound calls, while you can never reach them. That would explain how TrustGarden has a headquarters in the Marshall Islands and a support team in the UK without a registered office there.
TrustGarden Minimum Deposit
This firm requires a standard minimum deposit of 250 EUR/GBP, according to the FAQ section. However, since the Green account is listed at 5,000 EUR, you won’t get any perks with 250 EUR.
Instead, you’ll be pressured and prompted to upgrade and even left on your own until you pay the money. Scam brokers have not scrupulous, so don’t expect any sympathy.
TrustGarden Trading Conditions
As mentioned, offshore and unregulated brokers create their own trading conditions. Since they don’t depend on regulators and believe that they won’t be penalized, they decide on their own spread, leverage, and other trading costs. And most times, these are unfavorable for the customer, despite their appealing looks.
High Leverage And Spreads
TrustGarden spread varies from 0.5 pips to 3 pips, depending on the account type. This gap is too big, and it’s unfair that those with significant capital have to pay less. On the other hand, the leverage is fixed at 1:200, while EU and UK regulators have strict limits of 1:30.
TrustGarden Deposit, Withdrawal Methods, and Fees
The broker accepts a vast number of payment methods, including:
- Wire transfer
- Debit/credit cards
While this is all nice, investing money with unregulated brokers cannot benefit you in any way. Fees are not disclosed, meaning you’ll have to find it out upon paying the money.
Scammed by TrustGarden Broker? – Let Us Hear Your Story
To sum up, if you were scammed by TrustGarden or a similar bogus broker, let us know. Our chargeback specialists will be happy to assist you with the refund process.
But What Is A Chargeback?
A chargeback is a way for your bank to recover the funds from the merchant if you have used your debit/credit card. Contact us via online chat to book a free consultation, and let’s find a way to reimburse you before TrustGarden vanishes like many others.
What Is TrustGarden?
TrustGarden is a fraudulent online trading brokerage without a license. We do not recommend you to trade with this scam broker.
Is TrustGarden a Scam Broker?
TrustGarden is a scam broker based offshore, without a valid regulation.
Is TrustGarden Available in the US or UK?
The firm is available in both countries without appropriate regulations.
Does TrustGarden Offer a Demo Account?
Yes, TrustGarden offers a Demo account to test their system.