As can be seen, Trojan Markets presents itself as a guru in the world of trading. Yet, they don’t follow simple steps to be a legitimate and reputable trading company. In the first place, they have hidden legal documents.
With this trading firm, red flags are quite obvious. But can you recognize them? Let’s find out together in this comprehensive Trojan Markets review.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | AFM, CSA, IOSCO, BCSC, AMF, CONSOB |
| Registered in: | Canada (allegedly) |
| Operating since: | 2023 |
| Trading Platforms: | Proprietary web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $250 |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, Forex, indices, commodities, shares |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Since they present themselves as UK-based and they work without regulations, you can forget about clean withdrawals. So, if you see any issue during the procedure, contact our refund experts immediately. |
Legal info: Is Trojan Markets Legit or a Scam?
Based on the contact details, it appears this company is based in Canada. Thus, there are no legal documents that can back up such a statement. But what can prove the company’s illegitimacy is multiple warnings from trusted authorities, starting with AFM, CSA, IOSCO, BCSC, AMF, and CONSOB.
As can be seen, most of these regulators are Canadian-based, which means the company mostly targets Canadians. Luckily, after all these warnings, it’s a matter of time before the company will disappear. Such actions are absolutely expected from an unregulated broker.
Who are Trojan Markets’s Victims?
What’s surprising about this broker is that even with their registration in 2023, there are no Trojan Markets reviews available. Luckily, website traffic and warnings show us that this scam broker mainly targets traders from:
- Canada
- United States
- United Kingdom
- Italy
- Australia
The worst thing of all is that all these countries have top-tier regulations. But of course, Trojan Markets scam broker has none. Neither does Bridge Markets or Corpteck company. With this in mind, we suggest you reach our refund experts immediately if you experience any irregularity with any of these trading firms.
Leverage, Commissions, Spreads, Fees and Taxes
Another key issue with the trojanmarkets.com platform is the absolutely unclear trading conditions they offer to traders. And yet, they will require you to deposit more and more money to get allegedly better conditions.
But let’s be fair, without transparent leverage, spreads, and commissions, you can’t expect reliable services. Especially since the company presents itself as a Canadian brokerage where the maximum allowed leverage for retail traders is 1:50.
Bonuses
One of the most common ways to prevent traders from withdrawing funds is with bonus offers. Bonuses often include malicious clauses that will keep your funds stuck practically forever.
However, with this company, those offers are not revealed. Thus, with hidden legal documents don’t be surprised if you get such.
Trojan Markets Trading Features
Generally speaking, Trojan Markets doesn’t have any attractive features in the offer. Neither copy trading, social trading, EAs, or anything similar.
Instead, they advertise trading signals, but limited ones. If you want to get a mysterious full experience, you will have to deposit more money, of course.
Trading Platforms Available
When you see an unregulated company offering a proprietary web-based platform, we strongly advise you to run away from them. These platforms are usually used to manipulate traders with fictive market conditions that don’t match real-time data. That’s why using apps like cTrader or MetaTrader can make a huge difference for traders.
Available Trading Assets
If you are an inexperienced trader, you might even get attracted by the company’s instruments offer. But don’t get yourself lured by it. After all, many top-tier licensed brokers offer the same, but it comes with top-tier security.
Anyway, the offer consists of:
- Forex – USD/JPY, AUD/NZD
- CFDs – gold, AMD, ASX200
- Cryptos – TRX, DOT
Account Types
One of the leading signs to find out if Trojan Markets is legit is through their account types. As can be seen, the company offers a wide range of mysterious benefits for traders. Of course, in return, they require traders to deposit more and more money. So, you can expect options like:
- Basic – $250
- Pro – $5.000
- Premium – $25.000
- Elite – $50.000
Mobile Trading App
To track your portfolio anytime, it is the best to have proper trading apps. Not to mention how important that can be for users using advanced strategies. Sadly, with this brokerage, those options are not available. Therefore, prepare your nerves for the potentially unoptimized mobile version of the platform.
Demo Account
To be fair, Trojan Markets brokerage claims to offer demo accounts to all of their users. However, without adequate regulations, that might be a trick to extort your contact details. Consequently, they can pitch you to get started with live trading.
All in all, we suggest you use demo accounts with regulated firms in the first place.
Education
Generally, trading education can have a huge impact on your results. That’s why it’s important to get it from the right company.
With Trojan Markets, you can only read basic articles about trading, use a few analytical tools, and get access to their trading academy. But be honest with yourself, what can you expect from an academy offered by a proven scam broker?
Trojan Markets Withdrawal
Overall, traders apply for trading just to get more money and improve their financial situation. Therefore, Trojan Markets withdrawal is what should concern you the most. Thus, with hidden policies, unlicensed services, and zero transparency, you can’t expect a clean payout procedure.
One of the leading problems is hidden fees. When a company presents you with those and requires you to pay upfront, simply ignore that and make sure to apply for a refund immediately.
Customer Support
As can be seen, the company presents traders with quite solid contact options. Yet, without operating hours. But in any case, if you have any questions or need any assistance you can reach them via multiple channels, such as phone, e-mail, Telegram, and online contact form.
However, we wouldn’t advise you to hold much hope about the positive outcome, especially if your Trojan Markets login credentials suddenly stop working after the requested withdrawal.
Key Information To Consider About Trojan Markets
In the first place, traders should remember the company is not regulated. But also that none of their trading conditions, platform features, and withdrawal procedures are transparent. On top of these signs, you have warnings from multiple top-tier authorities.
Farily, you have more than enough signs to apply for a refund right away. To find out the exact steps for the process, book a free consultation with our experts today.
FAQ Section
What is Trojan Markets?
Trojan Markets is a company presenting itself as a Canadian-based brokerage that operates without any regulatory oversight.
Is Trojan Markets a Scam?
Yes, definitely. Without adequate licenses and hidden trading conditions, Trojan Markets is considered an absolute scam.
Can I Withdraw Money from Trojan Markets?
Most likely not. In any case, if you experience any irregularity, our refund experts are there to help you recover it. For detailed guidance feel free to contact us.
Source:
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