Truemarket-Trading Scam Or Legit?

Truemarket-Trading is a new blacklisted platform. Don’t trust, and sry away. 

This is a very thorough analysis of True Market-Trading.  Based on the information provided, it’s clear that this broker is highly suspect and should be avoided. Here’s a summary of the key red flags and why they point to a scam operation:

Major Red Flags:

Unregulated:  The most significant warning sign is the lack of regulation.  True Market-Trading claims to be based in Estonia, which is part of the European Union and requires financial regulation. However, it’s not registered with the Estonian Financial Supervision Authority (FSA) or any other reputable regulator. This means they operate outside of any legal framework, making them free to run off with your money.

Hidden Trading Conditions:  The website fails to provide clear details about trading conditions, such as commissions, spreads, and leverage, for each account type. This lack of transparency is a major red flag and makes it impossible for investors to make informed decisions. 

High Minimum Deposit: The $5,000 minimum deposit for the basic account is unusually high, especially for a platform with such a lack of transparency and regulation. This high barrier to entry could be designed to attract larger sums from investors and make it more difficult for them to recover their funds.

Additional Points:

No Free Demo Account: The lack of a free demo account prevents potential investors from testing the platform and understanding its functionalities before risking real money.

High Leverage: The maximum leverage of 1:200 is extremely risky, especially for inexperienced traders. High leverage can amplify both profits and losses, making it much easier to lose money quickly.

Here’s a breakdown of the new red flags:

Blacklisted in Belgium: The fact that the Belgian Financial Services and Markets Authority (FSMA) has issued a warning and blacklisted True Market-Trading is a major red flag. Regulatory bodies like the FSMA don’t issue warnings lightly. This indicates that the broker is operating illegally in Belgium and poses a significant risk to investors. 

Poor Trading Platform: The lack of a proper trading platform and the poor quality of the one they offer is another strong indication of a scam. Legitimate brokers invest heavily in their trading platforms, as it’s their core product. The fact that True Market-Trading skimps on this, offering a barely functional platform, is a clear sign that they are not serious about providing a genuine service.

Further Evidence of a Scam:

Lack of Transparency:  The broker’s failure to provide details about its trading platform and conditions, along with the absence of a demo account, is a clear sign of a lack of transparency. This is a common tactic used by scammers to hide their true intentions. 

The combination of being blacklisted by a regulatory body, lacking a proper trading platform, and exhibiting a lack of transparency paints a clear picture: TrueMarket-Trading is a scam and should be avoided at all costs.  It’s crucial to always prioritise your safety and invest only with reputable and regulated brokers.

Conclusion:

Based on the available information, True Market-Trading presents significant red flags and is highly likely a scam.  It’s essential to prioritise your safety and avoid any unregulated brokers. Always look for platforms that are regulated by reputable financial authorities, provide transparent information about trading conditions, and offer a free demo account for practice. 
Important Note: This analysis is based on the information provided.  Always conduct thorough research and due diligence before investing with any broker.  If you have any doubts, it’s best to err on the side of caution and look for a reputable and regulated alternative.

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top