The worst companies to review – anonymous ones. When we have nothing to verify, it’s extremely hard to even go into any details. Imagine being scammed by such a broker. You have no idea where to go and to whom to complain. However, there are a couple of things we would like to point out in our Trustpac review. Let’s start.
|Regulated by:||No regulation|
|Supported Platforms:||Web trader|
|Types of Assets:||FX, commodities, shares, indices, cryptocurrencies|
Trustpac Regulation and Security
As mentioned, this brand is a completely anonymous one. Nowhere is listed who is the owner of the brand or where it is located. We can only assume that the broker is in some offshore country since only those countries would accept a company with no regulation, no official headquarters, and no transparent information about all the processes.
When there is no regulation, there is no mention of security. There is a reason why regulatory bodies are requiring companies to have a certain amount deposited to them. In order to be able to give you money back if you get scammed by this same broker.
Be aware of the Trustpac scam!
Warnings From Financial Regulators
As we noticed this shady brokerage, so did FCA, the UK regulatory body. The FCA issued a warning against Trustpac stating that the company has no regulation. Everyone being scammed by Trustpac should report it immediately!
Can I make money with Trustpac?
You wouldn’t start trading if you didn’t want to make a profit. So, obviously, you would like to know if that is possible. Now, imagine the situation that you have invested with Trustpac and now you want that money back. You can’t make a withdrawal and there is no regulatory body to complain to. Making money with unregulated offshore brokers is extremely uncertain.
This particular broker is using a web trader – tool for scams. The broker can access your trades and funds easily. Moreover, the minimum deposit is $250, which is at least 10 times higher than other, regulated brokerages. Many of them are offering Micro accounts starting from $10 or $20. If you check payment methods, for some reason, the broker added McAfee, which is an anti-virus. Was it an attempt to sound more professional or what? No idea.
The broker does not give information about the leverage. However, we can assume it’s more than it should be as per any regulation in the world.
Scammed by Trustpac?
After everything being said, you should not even consider having an account with Trustpac. Yet, if you have it and you get scammed, there is a possibility 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 were scammed online. Contact our support via chat now, they will guide you throughout the procedure!
What is Trustpac?
It’s an online trading brokerage with no regulation.
Is Trustpac a scam?
Trustpac is an anonymous broker with no regulation. It’s FCA blacklisted due to many scam complaints.
Is Trustpac regulated?
Trustpac is not regulated by any authority body.