Trustpac Review – Facts About trustpac.io Trading Scam

Trustpac Is A Dubious Scam Broker?

Trustpac is anonymous. We couldn’t locate a physical address. The +44 code is used to access the UK from the phone number.

We decided to see what Trustpac had in the UK’s Financial Conduct Authority’s (FCA) database. The FCA, a Tier 1 financial watchdog, has strict regulatory rules. The regulator’s only warning about this broker is, unsurprisingly, a scam warning.

Trustpac regulation is a fabrication. This broker is not licensed to provide services. It’s better not to trade with fraudsters. Instead, find a broker who is licensed by the FCA.

Trustpac is an anonymous broker who swindles traders from Ireland, South Africa and South Africa. It has been in operation since February 2021. Trustpac has been warned by the FCA.

This scammer created a visually appealing website in an effort to establish Trustpac’s legitimacy, but did not include a physical address.

Trustpac only listed a handful of countries in which it is alleged to operate, but that’s all it is. The T&C section claims that the broker operates under Estonian jurisdiction, just like other scammers. Another outrageous lie.

Choose only trustworthy and reliable brokers. You can read about the best ones in our article Best online brokers in 2023.

Trustpac Warnings

As previously mentioned, Trustpac was warned by the FCA on April 22, 2021. This means that the UK is not authorized for the scam broker to operate.

Trustpac, despite being listed as a fraud by the financial watchdog is still at large.

Trustpac Reviews

You’re probably wondering what other traders are saying about Trustpac. If you ignore the fake reviews, real traders say things like these:

This is a well planned scam enterprise, you will not notice the scam until you need to take out your profits, I asked why I was denied withdrawals support couldn’t give me a reason instead I was ghosted…

Trustpilot user, February 28, 2023.

Trustpilot pointed out on Trustpac’s website that this broker had received regulatory attention. Other traders have raised withdrawal concerns on other websites.

I invested money in this company and now I don’t answer my phone anymore. I’ve been waiting for a long time to give me my money back but they didn’t do that…

PersonalReviews user, February 4, 2022.

Trustpac’s Trading Assets

According to Trustpac’s website, the broker offers CFDs on the following trading instruments:

• Forex currency pairs: EUR/USD, AUD/NZD, GBP/CHF…
• Indices: S&P500, NIKKEI225, NASDAQ100…
• Commodities: gold, corn, natural gas…
• Shares: Google, Tesla, Barclays…
• Crypto: BTC, BCH, ADA…

Trustpac: Leverage, Spreads & Commissions

We found out from Trustpac reviews that the spread for the benchmark EUR/USD was as wide as 10 pip. This is absurd considering the industry’s average trading cost of 1.5 pip or less.

Trustpac’s maximum allowable leverage is 1:100. This is quite high. To prevent large losses, the FCA has established a leverage limit of 1:30 for retail clients.

Every day new scam brokers and trading bots appear on the web with only one goal – to steal your money. We have already exposed some of them, for example – Abshire Smith, Socrates Legacy, Clark Financial

Trustpac: Video

You can also write a comment under the video on our YouTube channel to tell other traders about your experience. But if you’ve already been a victim, contact us for a free consultation by filling out the form at the top of the page.
Below you will find a short video about Trustpac. Watch it so you don’t miss anything important. In a few minutes you’ll learn the whole truth about Trustpac!