TrintFX Review (2020): Deceit Exposed!!!
If there was ever a broker website being referred to with the saying, “Never judge a book by it’s cover”, it’s trintfx.com. If they put half as much work into building their platform as they did into designing their home page, they might have been harder to bust. We urge you to read this review on TrintFX brokers before thinking of signing up with them.
With the increase in the popularity of forex trading, the rate at which online scammers surface online has also jumped. So in order to keep investors from making mistakes, we have made it our duty to review forex broker websites, then help you tell which one is legit and which one’s not. This review tells you all you need to know about TrintFX Brokers.
About TrintFX Broker
As stated by trintfx.com, TrintFX is a forex brokerage company located in London, UK. They are owned and operated by Trint Fx Traders Limited, also London based. They claim to offer really low spreads while trading in Forex, CFDs on Shares, Futures, Indices, Metals & Energies.
For a company that claims their owners have a lot of experience in forex trading, we have to express complete disappointment at what we they offer. The first, really big RED FLAG that we discovered about them is that they have no Terms and Conditions section. We have outline the others below.
Why You Should Avoid Trinitfx.com
TrinitFX is not a broker you should trust or even risk trading with. Below are the reasons you should look to avoid them;
TrinitFX Broker Withdrawal and Deposit Info
The minimum deposit for TrinitFX broker is a suprising industry low of $1. This would be absolutely thrilling if it didn’t come with a spread of 2.2 pips. But we’ll talk about that later. Since there are no terms and conditions, we had to get our information from the user dashboard and the home page.
The deposit methods available wire transfer, debit/credit cards and cryptocurrencies. Need we remind you that only scam brokers use cryptocurrencies as deposit methods due to your inability to request for a cashback if something goes wrong. On the other hand, the withdrawal methods are limited to only Neteller and Skrill.
The absence of Terms and Conditions keep other fees such as withdrawal fees, account dormancy fees, etc from us. But it is also a huge proof that this broker is not legit.
Trinitfx.com Trading Platform
Trinitfx.com claims to offer the MT5 trading platform, literally the best trading platform on the market. This was a huge plus for them from our perspective until we tried to download the desktop version and was getting something else instead. Not having MT5 or MT4 and lying about having MT5 in the first place are two red flags in one.
TrinitFX broker offers 3 types of accounts as seen above. The minimum account, despite having an impressive $1 minimum deposit, has a high spread of 2.2 pips. The only account type with real promise here is the Classic account with 0.5 pips, but a very high deposit of $5000. It’s a trap!!
Finally, all three account types provide a maximum leverage of 1:1000. This is absurd because the broker claims to be licensed in the UK, who by regulation, do not allow brokers to offer leverage beyond 1:30. RED FLAGS EVERYWHERE!!!
TrinitFX Licensing and Regulation
TrintFX Broker claims to be located in London, UK. This would mean they should be regulated by the FCA. However, their leverage levels give them away. There is no way the FCA would license any broker with a maximum leverage above 1:30 and no Terms and Conditions section.
Nonetheless, after running a check on the FCA’s registry, we were unable to find this broker. We have no other option but to conclude that TrintFX is an UNREGULATED broker.
Conclusion: Is Trinitfx.com a Legit Broker?
No! TrintFX is a scam broker. They are UNLICENSED brokers, and unregulated by any agency. Hence, your funds will not be safe if you deposit with them. We cannot recommend this broker to you, and we advise you deal with a transparent broker who’s licensed by a reputable agency.
If you’ve got something to add to this however, make use of the comments section.
Our Recommendation For You
You can make money online by trading with reputable, reliable and trustworthy brokers. We’ve been trading with the Fortrade broker below for sometime now and we have no regrets!
FORTRADE- One of the Top rated brokers and a good choice for new traders. This broker is Licensed in UK(FCA), Australia(ASIC) and Belarus(NBRB). Guess what? you can trade from any part of the world as it accepts Traders Worldwide. Interested in trading with one of the best Forex brokers? Head Over to Fortrade and start trading!
