TrueFriend

Davis Wu

1-2 Jahre

What are the advantages of trading with TrueFriend?

WikiFX Antworten

TrueFriend offers a range of services, including brokerage, retirement pensions, and OTC derivatives. The broker’s long operational history since 2003 provides some stability, and their offerings for both domestic and international markets, such as commodities and FX, are appealing to a wide range of traders. The availability of custom financial solutions and risk management services can also benefit investors. However, despite these advantages, the absence of regulation remains a critical drawback. It’s important to weigh the pros against the risks before opening an OTC account or using the PayFX trading platform.

Broker Issues

TrueFriend

Regulation

08-13

Vereinigte Staaten

qirhost

1-2 Jahre

What types of assets can I trade through TrueFriend?

WikiFX Antworten

TrueFriend provides access to a variety of financial instruments, including derivatives, commodities, and FX. These instruments offer opportunities to diversify your portfolio and take advantage of market fluctuations. However, TrueFriend does not support trading in stocks, cryptocurrencies, ETFs, bonds, or options, which could limit your ability to trade across other asset classes. If you're looking to use the PayFX platform or open an OTC account, it’s important to understand which instruments are available for trading.

Broker Issues

TrueFriend

Platform

Account

Instruments

Leverage

08-07

Vereinigte Staaten

zack18

1-2 Jahre

What do I think about the pros and cons of TrueFriend?

WikiFX Antworten

In my view, TrueFriend offers a variety of services and has a long history in the industry, which is appealing to investors. However, the lack of regulation makes it a risky choice for trading, as it leaves your funds unprotected. Additionally, the limited customer support and lack of information about funding options make it harder to trust. If you plan to open an OTC account or use their platform for OTC trading, I recommend considering the risks associated with an unregulated broker before proceeding.

Broker Issues

TrueFriend

Regulation

07-24

Vereinigte Staaten

Interbank Trader

1-2 Jahre

Is TrueFriend a regulated broker?

WikiFX Antworten

TrueFriend is not a regulated broker, which raises concerns regarding the safety of funds and the transparency of trading conditions. While TrueFriend offers various financial services, including brokerage and OTC derivatives, the lack of regulation leaves traders and investors vulnerable to risks. Regulatory bodies ensure that brokers adhere to industry standards and protect client funds. Since TrueFriend operates outside of these protective frameworks, if you are considering using their services or logging into your OTC account, it’s crucial to understand the risks involved in trading with an unregulated platform.

Broker Issues

TrueFriend

Regulation

07-19

Vereinigte Staaten