Today, in our Trusty Share Trade review, we discuss a broker that claims to offer access to over 1,000 of the most popular and liquid assets, the ability to trade on top‑tier platforms, and a set of unique trading conditions, all while inviting you to join a million traders using the services of a multi‑regulated company. It all looks quite solid. However, before opening and funding accounts here, it’s crucial to verify whether users are being lured into a scam project. Everything you need to know about this platform is covered below.
Does Trusty Share Trade Show Any Risk Factors?
On the “About Us” page, the broker states that its operations are regulated by three reputable regulators, which the company itself classifies as “Major.” However, in the “Regulation” section, only two regulators are mentioned: the Financial Sector Conduct Authority (FSCA) of South Africa and the Financial Services Commission (FSC) of Mauritius. Even such minor inconsistencies raise red flags for a vigilant trader.
We started with the South African regulator, as it is typically classified as Tier 1 (or “Major” in the platform’s terminology). However, searches using the broker’s full name or parts of it yielded no results.
We conducted a similar check in the Mauritius business registry. Searches for companies or business names using “Trusty Share Trade” or even partial keywords returned no relevant matches.
Our checks revealed that Trusty Share Trade is not listed among the trading servers for MT4 and MT5, which was, in fact, expected. After completing the registration process, we examined the terminal the broker offers. It turns out that this web‑based platform relies on a free widget from TradingView for asset prices, but it falls far short of being a full‑fledged TradingView terminal. Thus, the claims about high‑quality trading software are yet another falsehood from the platform’s owners.
Based on these findings, we are confident that no facts published on the platform’s official website can be trusted. This is how we approached the claim that the broker was established in 2015. Verifying this is simple, just check the WHOIS data for the domain registration date.
However, there are a few publications on specialized trading portals and on social media. Yet, Trusty Share Trade received very low ratings from their authors. Experts say that it is not worth doing business with this company, and the general sentiment of social media audiences is well reflected in one YouTube video with the telling title “Trustysharetrade.com Review | Keep off this fraudulent broker”.
Thus, we see that the broker:
- Is not registered anywhere.
- Is providing services illegally, as it has not obtained a single license.
- Is providing clients with false information about itself, its period of existence, trading platforms, etc.
- In fact, does not have the capability to organize full‑fledged trading operations.
- Is not registered anywhere.
- Is providing services illegally, as it has not obtained a single license.
- Is providing clients with false information about itself, its period of existence, trading platforms, etc.
- In fact, does not have the capability to organize full‑fledged trading operations.
Experienced traders understand that they are looking at a scam project whose sole purpose is to appropriate the funds of its few clients. We will help newcomers to the market understand this issue.
Let’s Break Down the Client Portal
We have already said that we registered with this fraudulent company and carefully examined its Client Portal. As a result, we had quite a few impressions.
- During the registration stage, the broker collects almost all the necessary information about the client. Such actions comply with KYC policy, which most offshore regulators require adherence to. However, at this point, it does not verify contact details nor conduct verification. It only becomes mandatory when submitting a withdrawal request, and until then, the client can perform any actions, from funding the account to executing trades.
- During verification, only a single document confirming identity is requested (passport, National ID‑card, or driver’s license). Address verification is not conducted, which does not comply with the provisions of KYC policy.
- Not a single document regulating the relationship between the broker and the trader is available either on the website or in the personal account. This applies even to mandatory documents such as Client Agreement, Privacy Policy, Risk Disclosure, KYC, and AML Policies. Since the client is not offered the opportunity to review or sign (accept the terms of) these documents, it is unclear on what basis they are using any of the broker’s services or sending money to accounts opened with it.
- Funding also looks quite interesting. In the personal account, only two options for transferring funds are available — in cryptocurrencies or via bank transfer. While the first option does not cause any problems, for the second one, you must contact support to obtain the necessary details.
- During the registration stage, the broker collects almost all the necessary information about the client. Such actions comply with KYC policy, which most offshore regulators require adherence to. However, at this point, it does not verify contact details nor conduct verification. It only becomes mandatory when submitting a withdrawal request, and until then, the client can perform any actions, from funding the account to executing trades.
- During verification, only a single document confirming identity is requested (passport, National ID‑card, or driver’s license). Address verification is not conducted, which does not comply with the provisions of KYC policy.
- Not a single document regulating the relationship between the broker and the trader is available either on the website or in the personal account. This applies even to mandatory documents such as Client Agreement, Privacy Policy, Risk Disclosure, KYC, and AML Policies. Since the client is not offered the opportunity to review or sign (accept the terms of) these documents, it is unclear on what basis they are using any of the broker’s services or sending money to accounts opened with it.
- Funding also looks quite interesting. In the personal account, only two options for transferring funds are available — in cryptocurrencies or via bank transfer. While the first option does not cause any problems, for the second one, you must contact support to obtain the necessary details.
What Does the Trustysharetrade.com Website Reveal?
We really wanted to say a few kind words about the developers of the broker’s official website, but they didn’t give us even the slightest reason to do so. The design with a white background, black text, a minimal set of not always well‑chosen images, and rather intrusive animation on virtually every block gives the impression of a web designer’s first attempt. And beyond that, the pages have quite a few problems. For example, more than half of the links in the footer menu lead to a 404 (non‑existent) page, and the icons placed in the “Regulation” section have nothing to do with actual regulation.
In short, even the online face of Trusty Share Trade turns out to be rather unappealing. A closer look at the site’s content revealed a set of issues that are practically standard for scam projects.
- As usual, we tried to find contract specifications, and as with most similar unlicensed brokers, we didn’t find them. Meanwhile, this information is among the most important, as potential clients use it to assess the prospects of working with a given platform. However, at this company, the “specialists” were so professional that they merely mentioned specifications in the descriptions of asset groups, and instead of tables, they placed a standard free widget from TradingView showing price charts for the three largest companies. And on the “Trading Conditions” page, instead of a real set of trade parameters, we were told how important it is for a trader to understand them.
- Education, news, analytics, and additional trading tools are always in demand. However, the project’s staff apparently didn’t want to spend time and effort selecting relevant and useful materials. As a result, the site has none of the above: no news feed, no economic calendar, no books or articles about trading, etc. Of course, publishing these isn’t mandatory, but it would have helped the broker improve its reputation.
- Other important information is also missing from the site. We mean, for example, the company’s payment details, terms for non‑trading operations, characteristics of the trading terminal (a real one, not just the fantasy version the project creators have in their pink dreams), etc.
- As usual, we tried to find contract specifications, and as with most similar unlicensed brokers, we didn’t find them. Meanwhile, this information is among the most important, as potential clients use it to assess the prospects of working with a given platform. However, at this company, the “specialists” were so professional that they merely mentioned specifications in the descriptions of asset groups, and instead of tables, they placed a standard free widget from TradingView showing price charts for the three largest companies. And on the “Trading Conditions” page, instead of a real set of trade parameters, we were told how important it is for a trader to understand them.
- Education, news, analytics, and additional trading tools are always in demand. However, the project’s staff apparently didn’t want to spend time and effort selecting relevant and useful materials. As a result, the site has none of the above: no news feed, no economic calendar, no books or articles about trading, etc. Of course, publishing these isn’t mandatory, but it would have helped the broker improve its reputation.
- Other important information is also missing from the site. We mean, for example, the company’s payment details, terms for non‑trading operations, characteristics of the trading terminal (a real one, not just the fantasy version the project creators have in their pink dreams), etc.
Is the Broker Offering Fair or Risky Terms for Traders?
In the case of trading terms, things aren’t as simple as they might seem at first glance. We’ve already mentioned that the company doesn’t publish contract specifications. We had to gather information about account and trade parameters from several different pages.
Thus, on the main page, the broker states that private clients have access to the following accounts:
- Standard STP with spreads from 1.2 pips and zero trading commissions;
- Raw ECN with spreads from 0.0 and trading commissions from 6 units of the trade currency per 1 standard lot.
- Standard STP with spreads from 1.2 pips and zero trading commissions;
- Raw ECN with spreads from 0.0 and trading commissions from 6 units of the trade currency per 1 standard lot.
More details can be found in the account descriptions within the Trading section. For both accounts, the minimum deposit is $100 (or equivalent in another account currency), and the minimum trade size is 0.01 standard lot. Several pages also mention the maximum leverage: 1:500.
The Trading section also refers to two other accounts available to the broker’s clients: Swap Free and Cent. The first replicates all characteristics of the Standard STP but is exempt from overnight swap fees. The second is denominated in cents (USC) and requires a minimum deposit of $50 (or equivalent in another account currency). Meanwhile, the minimum spread on the STP account is 1.1 pips, and the commission on the ECN account is $6 per trade.
Overall, the offers look rather appealing. However, some questions remain unanswered:
- Why doesn’t Trusty Share Trade provide full contract specifications anywhere outside the trading terminals? This prevents traders from assessing potential profitability, risk levels, and trading costs. Is the company expecting new clients to join without thoroughly analyzing the offers, solely based on its claimed market experience?
- The firm offers leverage up to 1:500. Does the broker take any measures to limit clients’ risks? At what levels do Margin Call and Stop Out trigger? We couldn’t find this information anywhere.
- Why doesn’t Trusty Share Trade provide full contract specifications anywhere outside the trading terminals? This prevents traders from assessing potential profitability, risk levels, and trading costs. Is the company expecting new clients to join without thoroughly analyzing the offers, solely based on its claimed market experience?
- The firm offers leverage up to 1:500. Does the broker take any measures to limit clients’ risks? At what levels do Margin Call and Stop Out trigger? We couldn’t find this information anywhere.
However, all this becomes less significant after reviewing the Trade section in the main menu of the client portal. Here, clients are offered completely different accounts and trading conditions.
It’s also worth paying attention to other trading offers from the broker. These include copy trading, investing via MAM and PAMM accounts. The terms — at least as presented on the website, look quite attractive and could interest not only newcomers but also experienced traders.
To enhance the appeal for novice traders, the company runs a permanent promotion offering a 20 % bonus (up to $10,000) upon account funding. It even posted the full terms of this bonus on the same page where the offer is advertised.
In short, Trusty Share Trade has done a lot to make users believe that trading with this broker is profitable. However, in the client portal, there are no options to select signal providers for copy trading, managers for investment accounts, or features to accept or decline bonus funds. This doesn’t surprise us — it’s not the first scam broker promising golden mountains but failing to deliver on its promises in real trading.
Technical Support Analysis of Trusty Share Trade
The broker’s Contact page is rather sparse. Users will only find calls to reach support via phone, email, or live chat. Unfortunately, the site’s creators somehow forgot to include phone numbers and email addresses, as well as postal addresses for the firm’s offices.
What’s more surprising is how the developers managed to set up a live chat on the site. However, those seeking prompt communication with company representatives will be disappointed. The chatbot there can do nothing more than greet the user and forward the query to an operator. The latter seem to check the channel only occasionally, as we never received a response to a simple question.
Should we really be surprised that there are no links to social media profiles? The company’s staff are so busy that they don’t have time to answer questions in the live chat. Of course, they wouldn’t have enough time to prepare content for groups and channels either. And there’s little point in doing so: as we can see from the number of online reviews, this scam broker barely attracts any potential clients.
Strengths and Weaknesses
- Nearly instant registration for new clients.
- Fast loading of well‑optimized official website pages.
- Nearly instant registration for new clients.
- Fast loading of well‑optimized official website pages.
- The broker is not officially registered anywhere and operates exclusively online.
- The platform holds no licenses; its claims about regulation are false, and its provision of brokerage services is illegal.
- No documents regulating the relationship with traders are available on the website.
- Trading terms are not fully disclosed; information about account types on the website and in the client portal do not match.
- There are no user reviews online, and opinions on social media and thematic websites about the broker are low.
- The broker is not officially registered anywhere and operates exclusively online.
- The platform holds no licenses; its claims about regulation are false, and its provision of brokerage services is illegal.
- No documents regulating the relationship with traders are available on the website.
- Trading terms are not fully disclosed; information about account types on the website and in the client portal do not match.
- There are no user reviews online, and opinions on social media and thematic websites about the broker are low.
