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TrustGates Review – Top Reasons to Avoid Scam

TrustGates Review

TrustGates broker is a relatively new website on the financial market. Its slick page design and seemingly transparent policy give the impression of a serious brokerage. Until you realize there is no Terms and Conditions, owner, or legal jurisdiction.

Read our detailed TrustGates review for more information about this financial swindler.

We also want to invite you to read updated Finex TraderUberChains and TradeHUB scam broker reviews. For those unaware, their investment offers are too good to be true!

Broker Status:Unregulated Scam Broker
Broker Regulation:Unlicensed Forex Provider / No Regulation
Operating Status:Active Forex Trading Scam
Blacklisted as a Scam by:N/A
Broker Owner:N/A
Headquarters Country:Berlin and Dubai (allegedly)
Foundation Year:2022
Trading Platforms:WebTrader
Mobile Trading:Not Available
Minimum Deposit:250 USD
Deposit Bonus:100% bonus
Crypto Trading:Available – BTC, DOGE, SHIBA
CFD Trading:Yes, you can trade CFDs
Trading Instruments:Forex, commodities, indices, shares, cryptocurrencies, ETFs
Maximum Leverage:N/A
Islamic Account:Available
Demo Account:No, only live trading accounts
Accepts US Clients:US traders are not accepted
Global Fraud Protection Team:Don’t Invest in This Scam Broker!

Is TrustGates a Scam Broker to Avoid?

The first thing that bothered us was the lack of the T&C. Each trader should have transparent fees, commissions, and legal jurisdiction to file a complaint if something goes wrong. 

Yet, with the broker TrustGates, you won’t get such a chance. The firm is allegedly based in Germany and the UAE, yet has no appropriate licenses. 

Additionally, we know nothing about the company owner. Thus, even if you wanted to start any legal action, you have nobody to name in front of the authorities.

All this indicates that TrustGates Forex broker cannot be trusted, and it’s safest to avoid it.

TrustGates is an unlicensed Forex and CFD trading provider. The company allegedly has offices in Dubai and Berlin but has never obtained a license from the DFSA or BaFin. The consumer index is low, and there are numerous fraud reports.

False Claims About Regulation – License Doesn’t Exist

TrustGates False Claims About Regulation

The website tells us that 16 worldwide offices with support are available in multiple languages. Yet, there’s no phone number or an online chat to contact them.

Besides, there’s a claim about TrustGates regulations being with the UK, Estonia, Cyprus, Australia and Jordan authorities. 

After reviewing the registers of FCA, FI, CySEC, ASIC, and JSC, we found nothing. 

Where Is TrustGates Trading Scam Active?

TrustGates trading scam has been active since June this year. Ever since, the brokerage has defrauded many. Based on complaints, the majority of victims come from:

  • Germany
  • US

The company claims to be globally present and licensed to lure customers into fraud. Don’t fall for it.

What Are Trading Platforms Available?

If you want to access the TrustGates trading platform, you should open and fund an account. Since we were unwilling to invest a penny with a scheme firm, we can only say that the platform is web-based. As per features and tools, we’re unable to comment.

Instead of blindly trusting the brokerage to provide you with a reliable trading solution, find a legitimate firm offering MT4 or MT5. You’re ensuring you have the best trading software with the highest fund security.

Can I Download the TrustGates Mobile Trading App?

There’s no mobile app for this trading firm. TrustGates login from Android and iOS devices are enabled only through a mobile web browser. Another thing you want to avoid. When you choose MetaTrader broker, you automatically ensure a mobile app and convenient trading.

What Can I Trade With a Broker?

Broker TrustGates has its mouth full of different trading assets. Various parts of the website give us various information. According to it, customers can access all markets, including:

  • Currency pairs – AUD/CAD, USD/ILS, TRY/ZAR
  • Indices – Dow Jones, S&P500, NASDAQ
  • Shares – Amazon, Asus, Nvidia
  • Commodities – corn, natural gas, palladium
  • Cryptocurrencies – SHIBA, MATIC, SOL
  • ETFs – SPDR S&P500, iShares Silver

However, without access to a trading platform, we cannot confirm this.

Can I Trade With a TrustGates Demo Account?

TrustGates account types don’t exist. As explained, you’ll have to invest an initial deposit if you want to test the broker’s platform. Therefore, a risk-free TrustGates Demo account is not enabled either.

Instead of being forced into depositing the money, you can choose regulated brokers. The minimum deposit starts at as low as $5, and you can test their platform for free.

Moreover, beware of scammers such as XpresTradeDGTL Trade and Vertex Traders. If possible, please tell us about your scam experience.

Is TrustGates Welcome Bonus Available?

TrustGates’ minimum deposit is $250. On that amount, the company offers a welcome bonus of 100%. However, incentives are never free. Scheme firms use them to prevent you from withdrawals by requiring high rollovers to repay the given amount.

Since we have no T&C or TrustGates bonus policy, we cannot confirm how much this welcome bonus will cost you. But be sure, it won’t be cheap.

TrustGates Withdrawal Issues and Withdrawal Fee Scam

Finally, TrustGates reviews report severe withdrawal issues. The firm asks customers to pay non-existent fees and cover their taxes before even approving a withdrawal request. Usually, the requested amount is around 20% of the clients’ profit.

However, even those who went along and paid the requested amount were never able to get a penny back. This is the last attempt to steal your funds before freezing your trading account and disappearing.

Beware that trading commissions are paid directly from the profit. If you’re asked for any money from your bank account, credit card, or crypto wallet, you’ll be defrauded one last time.

I Was a Victim of TrustGates Scam, Can I Get a Refund?

Being dragged into fraud is never easy. But you need to report what happened, and you need to fight for your money.

Don’t just stand there while scammers are stealing your life savings. Contact Global Fraud Protection to book your free consultation, and our experts may assist with recovery.

Act now!

All In All, Don’t Let the Scammers Get Away for Free!

FAQ Section:

What Is TrustGates, and Should I Invest Money In It?

TrustGates is an online trading brokerage without regulations. If you or someone you know has been defrauded, contact us immediately and we may be able to assist you with the refund.

Does TrustGates Offer a Demo Account?

TrustGates doesn’t offer a Demo account. Instead, you have to pay the deposit of $250 first.

What Is the TrustGates Minimum Deposit?

The company requires a minimum deposit of $250 to start trading and review the platform.

Does TrustGates Give a Deposit Bonus?

Customers can get a welcome bonus of 100% when opening an account and depositing their first money.