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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