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TRUST FXT

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Operating status: SCAM

Website: https://www.trustfxt.com/

Broker violations and abnormal records
  • 2022-02-17 The UK FCA Added TRUST FXT into Its Warnings

    On 18 Feb 2022, the FCA issued a warning that TRUST FXT has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/trust-fxt

    On 18 Feb 2022, the FCA issued a warning that TRUST FXT has not been authorised to carry out financial services and products in the UK, you may visit: https://www.fca.org.uk/news/warnings/trust-fxt
  • 2022-04-14 BrokersView has reviewed that TRUST FXT is an Unregulated Forex Broker

    TRUST FXT claims it is a trading name of Scope Markets Ltd, a company regulated by the Financial Services Commission of Belize (Belize FSC) under license number: IFSC/60/373/TS/19. We do find a match result to Scope Markets Ltd in Belize FSC. As per the information presented in FSC, the approved domains of the licensed firm "Scope Markets Ltd" includes "http://www.scopemarkets.com; www.smfx.com; www.smin." That means TRUST FXT is not a trading name of Scope Markets Ltd since the former's domain doesn't appear in the licensed company's list of approved domains. 

    What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide forex investments and services. The truth is, TRUST FXT is a cloned firm of Scope Markets Ltd and it is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

    TRUST FXT claims it is a trading name of Scope Markets Ltd, a company regulated by the Financial Services Commission of Belize (Belize FSC) under license number: IFSC/60/373/TS/19. We do find a match result to Scope Markets Ltd in Belize FSC. As per the information presented in FSC, the approved domains of the licensed firm "Scope Markets Ltd" includes "http://www.scopemarkets.com; www.smfx.com; www.smin." That means TRUST FXT is not a trading name of Scope Markets Ltd since the former's domain doesn't appear in the licensed company's list of approved domains. What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide forex investments and services. The truth is, TRUST FXT is a cloned firm of Scope Markets Ltd and it is not regulated by any regulators. That means investors' money in this broker is unsafe and cannot be protected by any law. Therefore, it is a scam. 

Related Complaints

Q&A

Does TRUST FXT provide MT5 platform for trading?

Mohammad
Greece
2022-06-27
ANSWER TRUST FXT is not a licensed or regulated broker even though it states offers that look good to be true. TRUST FXT claims it is a trading name of Scope Markets Ltd, a company regulated by the Financial Services Commission of Belize (Belize FSC) under license number: IFSC/60/373/TS/19. We do find a match result to Scope Markets Ltd in Belize FSC. As per the information presented in FSC, the approved domains of the licensed firm "Scope Markets Ltd" includes "http://www.scopemarkets.com and www.smfx.com; www.smin." That means TRUST FXT (domain: https://www.trustfxt.com/) is not a trading name of Scope Markets Ltd since the former's domain doesn't appear in the licensed company's list of approved domains. What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide forex investments and services. You can check the full warning from here. The truth is, TRUST FXT is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like TRUST FXT and trade with licensed brokers.
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How much is the minimum deposit required for their Accounts?

Kamal Hossain
Maldives
2022-06-21
ANSWER TRUST FXT is not a licensed or regulated broker even though it states offers that look good to be true. TRUST FXT claims it is a trading name of Scope Markets Ltd, a company regulated by the Financial Services Commission of Belize (Belize FSC) under license number: IFSC/60/373/TS/19. We do find a match result to Scope Markets Ltd in Belize FSC. As per the information presented in FSC, the approved domains of the licensed firm "Scope Markets Ltd" includes "http://www.scopemarkets.com; www.smfx.com; www.smin." That means TRUST FXT (domain: https://www.trustfxt.com/) is not a trading name of Scope Markets Ltd since the former's domain doesn't appear in the licensed company's list of approved domains. What's more, the UK Financial Conduct Authority (FCA) issued a warning that this firm has not been authorized to provide forex investments and services. You can check full warning from here.The truth is, TRUST FXT is not overseen by any regulators. That means investors' funds in this broker are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like TRUST FXT and trade with licensed brokers.
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