In the first place, traders have to know this firm is absolutely anonymous. Not even their contact options reveal their physical address or any legal information whatsoever. With this in mind, you can’t expect any positive outcome when trading with them.
Sadly, this brokerage has many more discrepancies. If you don’t want to fall for any of its cheesy tricks, make sure to read this TrustKeyFx review carefully.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | Trustkeyfx.com |
| Have Warnings from: | CONSOB, CNMV, IOSCO |
| Registered in: | N/A |
| Operating since: | 2024 |
| Trading Platforms: | WebTrader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | N/A |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, shares |
| Free Demo Account: | Not available |
| How to Withdraw from This Company? | Withdrawing funds from such an anonymous company as TrustKeyFx is practically impossible. In case you have funds stuck with them, get in touch with our chargeback experts as soon as possible for recovery options. |
Legal info: Is TrustKeyFx Legit or A Scam?
One of the leading signs brokers won’t play fair is a lack of regulatory oversight. Some might think offshore regulations make a difference, but in reality, traders can only rely on top-tier regulations, such as FCA, BaFin, or ASIC. Sadly, this company doesn’t have any.
Instead, this investment firm appears on multiple warning lists, such as the ones from Italian CONSOB, Spanish CNMV and IOSCO. With this in mind, traders can expect zero funds protection. Even though the company claims to keep funds in segregated accounts, that’s not necessarily true. Or it is. They keep it all in their pockets.
Who are TrustKeyFx’s Victims?
As can be seen, the company’s domain was registered in January 2024. It wouldn’t be a problem if the company didn’t say they have more than 1 million active users. Then, it remains a question of how we can see zero TrustKeyFx reviews available.
Luckily, website analytics can guide us and show what countries should be aware of this swindler. Primarily, those are European ones like:
- Netherlands
- Portugal
- Spain
- Belgium
If you come from any of these, let us know about your experience with this company. But if you want to start the fund’s recovery process straight away, hit us with a message via live chat.
Leverage, Commissions, Spreads, Fees and Taxes
A big issue with TrustKeyFx broker is a lack of transparency about trading costs. Unfortunately, fees, spreads, and commissions remain unknown to the public. But once you register with them and start trading, it’s already too late.
On the positive side, one thing is known and that’s the leverage of up to 1:200. This clearly tells you they can’t offer services in Europe legitimately. Primarily because all regulators and even ESMA limit maximum leverage to 1:30 for retail customers.
Bonuses
Welcome bonuses are a standard trick used by scammers to prevent traders from withdrawing funds. Even though the company’s T&Cs reveal such possibilities, bonus conditions remain unknown. Therefore, get ready for anything.
TrustKeyFx Trading Features
The key feature advertised by TrustKeyFx is trading signals from their experts. Keep in mind those are all fraudulent experts who are not authorized anywhere to provide such services.
Besides that, nothing else is promoted by the company. To explore some additional trading features, check out our BitMart review.
Trading Platforms Available
Even though the company promotes a trusted and world-class platform, we highly doubt that WebTrader is any close to it. If you have ever traded with MetaTrader, you know what’s a truly world-class platform.
In any case, without regulation, this broker can easily manipulate all the details on their platform. Therefore, traders should be extremely careful about what they trust.
Available Trading Assets
Detailed presentation of tradeable assets is another lacking feature. However, once traders complete the TrustKeyFx login procedure, they can expect options like:
- Forex – USD/GBP, EUR/AUD
- CFDs – gold, DowJones, IBM
- Cryptos – ETH, BTC
Account Types
Quite surprisingly, the company doesn’t have standard account-type offers. Besides live trading accounts, traders can also choose crypto staking accounts and savings account options. But it’s quite a problem to trust any of that to the company that is found on multiple warning lists.
Mobile Trading App
Another lie coming from this brokerage is the availability of the TrustKeyFx app for mobile devices. To sum it up, it’s not available anywhere, especially in trusted download stores.
Demo Account
Demo accounts play a key role in testing brokers’ features. Unfortunately, this company doesn’t offer that option. After all, they don’t want to waste time on traders who don’t trust them with their money, which makes sense for all scam brokers.
Education
Education with unregulated brokers is a two-edged sword. Indeed, you might learn some good things about trading. But be sure there will be some hidden tricks agents can use to mislead you in the wrong direction. Primarily the one that will make you deposit more money.
Nevertheless, with this company, educational programs don’t exist, and that also tells us enough about their interest in traders’ success.
TrustKeyFx Withdrawal
Another mystery with this trading firm is the TrustKeyFx withdrawal procedure. One of the first signs traders can expect problems is extremely long processing time. It’s up to 10 business days. Thus, with top-tier licensed firms traders can get their withdrawals within 24 hours.
In any case, without transparent policy and regulation, we can expect all kinds of issues. In most cases, before the company realizes traders won’t deposit more money, they try extorting more through non-existent fees. Whether traders pay those or not, their account gets frozen, and they can forget about regular withdrawals.
Customer Support
The TrustKeyFx scam broker expects us to trust them. They have 5-star rated support. However, with only a web contact form available, we highly doubt it. Not to mention, they claim their support is available 24/5. In most cases, that’s valid for users who want to deposit money.
Key Information To Consider About TrustKeyFx
Nothing about this trading firm sounds legit, including the platform presentation, trading features, platforms, or support. On top of that, the company is not licensed anywhere, and multiple regulators warn their citizens about this scam firm.
If you get caught in some of their traps, don’t hesitate to reach out to us. Our refund experts give a free first consultation, after which you can decide if you want to proceed with the funds recovery process. Book your meeting today!
FAQ Section
What is TrustKeyFx?
TrustKeyFx is an anonymous FX and CFD trading firm that has been operating only for a few months and already gained a bad reputation.
Is TrustKeyFx Legit?
No. The TrustKeyFx broker was found on multiple warning lists starting with CONSOB, CNMV, and IOSCO. Not to mention this firm is not regulated anywhere.
How to Get Money Back From a Scam Broker?
In most cases, traders look for options to recover crypto. For that purpose, we advise you to talk to our refund experts and take advantage of our CipherTrace tool access.
Source:
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