Trust Capital Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this Trust Capital Review.
Trust Capital Review
Trust Capital has two types of live trading accounts: Standard and Plus. The former has market execution and the latter – instant. There is also a free demo account for testing purposes.
The broker’s tradable portfolio is fairly extensive and includes spot forex, spot metals, CFDs on energy, commodities, equity and indices.
Other brokers, like FxPro for example, also have a rather extensive portfolio that includes over 70 forex pairs. The broker Grand Capital also has a wide offering of over 300 instruments and so do XM and HYCM.
The Company. Security of Funds
Company Country Regulation
Trust Capital S.A.L Lebanon Capital Markets Authority of Lebanon, Banque du Liban
Trust Capital is a Lebanese financial intermediary specializing in online execution and clearing services for retail and institutional investors that has been active for a few years already. According to the broker’s site it is required to have a paid-up capital of 2,000,000,000 LBP (over $1,3 million) and offers investors protection against the insolvency or bankruptcy.
We are not aware of the precise requirements and regulations for forex brokers in Lebanon, but our check revealed that there are only a few of them. Perhaps the reason being that it is a fairly small country. There are majors international players, like FXCM and FxPro, however, who operate in Lebanon.
The high capital requirement, however, suggests that the requirements are rather stringent. According to some websites, the BDL is the sole regulatory authority in Lebanon that controls and regulates financial firms in the country. Furthermore, even though Lebanon has somewhat relaxed approach to overseas forex brokers, all financial firms operating in the country are required to have a valid BDL regulatory approval.
Minimum initial deposit
Finding the information about the minimum initial deposit was rather hard. According to a section on the broker’s site it is $100, but the section with the contract specifications lists the lowest margin requirement for trading on most forex pairs as $1000.
There are forex brokers like FXTM who have a minimum deposit requirement of $5 and others like EasyMarkets with a requirement of $100 for their standard account. TryMarkets have even higher minimum deposit of $500.
Spreads and commissions
Trust Capital has two types of spreads – fixed and floating, depending on the account type. The fixed spread is a bit over the industry average. The broker says its floating spread starts from 0 pips, but could reach all the way up to 1.6 pips for the most popular pair EURUSD.
Trust Capital’s leverage is up to 1:400 for the Standard account and 1:100 for the Plus account. Those conditions are fairly common in the industry, even though there are brokers like Grand Capital who offer a leverage of up to 1:2000 on some types of accounts. Others, like IG, are far more moderate and give only 1:200. FiboGroup, on the other hand, has the same leverage as Trust Capital: 1:400 and 1:100.
Trust Capital sticks to the familiar standard and offers the MetaTrader 4 (MT4) as a trading platform.
The platform was developed and released by MetaQuotes Software back in 2005, but to this day is used by many brokers like FXChoice, FXPro, FXCM, etc. One of the main reasons for its popularity is that it is stable and reliable, has many functions, offers API connectivity, supports PAMM and MAMM functionality and has a wide selection of technical analysis and charting tools. It is also user-friendly and supports Expert Advisors and automated trading.
Other major brokers offering MT4 are FXCM, XM and IG.
In addition to the MT4 mobile trading applications, Trust Capital also offers its own mobile application for news and analysis.
Methods of payment
Trust Capital accepts payments through bank transfers via several Lebanese banks, as well as though credit and debit cards. Clients can also make deposits through Western Union and its local partner OMT and with a check, which is a somewhat unorthodox option.
Trust Capital is a Lebanese broker. It is tightly regulated and is one of the handful of local forex brokers. It does not have any bells and whistles like bonuses and doesn’t make spectacular promises, but leaves a good impression for a low-key broker that means serious business.
Judging by the customer reviews on other sites, the company is an honest and reliable broker, which, on top of the tight regulation, makes it a good option. Besides, the website has a version in Arabic, which could potentially attract clients from other Arabic-speaking countries.
Instead of the forex broker you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
Trust Capital Review Conclusion
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