Introduction
Trubluefx broker operating under the name Ares Global LLC. It is reportedly a forex and CFD broker registered in Saint Lucia and New Belgrade, Serbia.
Trubluefx promotes access to a wide array of trading instruments in financial markets, including forex and CFDs on indices, commodities, and cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT), and more.
It also claims to offer clients a variety of tradable financial instruments on the MT5 trading platform.
Overview
| Broker | Trubluefx |
| Website | https://trubluefx.com/ |
| Registered Country | Saint Lucia and New Belgrade, Serbia |
| Founded In | 2022 |
| Regulation | N/A |
| Trading Platforms | MT5 |
| Minimum Deposit | N/A |
| Maximum Leverage | N/A |
| Spreads | N/A |
| Demo Account | Yes |
| Islamic Account | No |
| Payment Methods | Credit Card, Crypto Wallet transfer or Wire Transfer. |
| Customer Support | [email protected] |
What is Trubluefx?
Trubluefx is a next-generation FX and CFD trading platform that connects fiat currencies with cryptocurrencies, as claimed by its website.The platform claims to provide a comprehensive set of convenient trading features, allowing traders to achieve their goals effortlessly without worrying about technical issues.
Regarding regulation, it has been confirmed that Trubluefx currently lacks valid regulatory oversight. Consequently, its regulatory status is listed as “No Licence,”. Please be aware of the risks that are associated with it.
Is TrublueFx Scam?
The Trubluefx lacks a strict regulatory status from a regulating authority, which clearly points out the possibility of Trubluefx scam. The unavailability of regulatory status raises concerns about the safety and security of the trader’s funds.
The broker has not provided any information of minimum deposit, leverage and spreads on its website.
The foundation year is also not known. We have found the information about the Domain Creation Date, which was, Thursday 2nd, June 2022 12:00 am. Other than the domain creation date we have no information about the foundation year of the broker.
We also could not find the Trubluefx owners on the website.
Account Types Offered By Trubluefx
Trubluefx offers two types of accounts, that are, Trading Accounts, and Managed Accounts. Both these accounts do not seem to have any minimum deposit requirements. It also offers a Demo Account. For a variety of account types you can go for FXRoad and TradeEU Global.
TrublueFx PAMM Account
TrublueFx offers PAMM account also referred to as Percentage Allocation Money Management, is a type of pooled money Forex trading.
A whole website page is dedicated for the PAMM account FAQs and information on the Trubluefx website.
How to Open a PAMM Account?
STEP 1: Log in to my.trubluefx.com.
STEP 2: Create a PAMM or Managed Investor Account.
STEP 3: Select a PAMM Manager that aligns with your trading goals.
STEP 4: Transfer funds from your landing account to the PAMM Managed account.
For any questions, please contact [email protected]
The website has also instructed on becoming a PAMM manager.
How to become a PAMM Manager?
The steps to become a PAMM Manager are:
STEP 1: Log in to my.trubluefx.com.
STEP 2: Create a Trading Account.
STEP 3: Fund your Trading Account by transferring money from your Landing account.
STEP 4: Download MT5 and use the provided login credentials.
Trading Platforms offered by TrublueFx
Trubluefx offers the most advanced trading platform, ie, MetaTrader5.
MetaTrader5
- MetaTrader 5 is the world’s leading Forex trading platform.
- It provides all necessary tools for analysing financial data, managing trades, opening new positions, and handling orders.
- MetaTrader 5 is designed to meet the needs of online traders.
- It is an integrated platform for trading Forex, CFDs, cryptocurrencies, commodities, and major world indices.
- The platform hosts over 1 million traders who are active in the financial markets 24 hours a day, 5 days a week.
You can download MT5 for Windows, IoS, Android and Mac.
Trading Assets By Trubluefx
Trubluefx offers forex and CFDs on Indices, Crypto and Commodities. It bridges fiat and cryptocurrencies to help reach the consumer their trading goals.
How to open an account on Trubluefx?
You can open an account on Trubluefx by following these steps:
STEP 1: Click on “Open Account”, placed on the topmost right corner of the website.
STEP 2: Fill in all the information asked by the broker’s website.
STEP 3: If you’re above 18, you can sign up and your account will be opened.
STEP 4: You can now start trading!
Trubluefx Login
You can login to Trueblufx by entering your email address and password.
Deposit and Withdrawals
Trubluefx supports Wire Transfers. It accepts EUR as fiat currency and cryptocurrency deposits such as BTC, ETH, and USDT. While Trubluefx does not charge deposit fees, your bank or intermediary banks might. For cryptocurrency deposits, blockchain fees will apply and must be covered by the sender.
The traders have the opportunity to deposit and withdraw their funds with their preferred options.
Trubluefx Reddit Withdrawal Review
There is a long thread of withdrawal review on reddit which says that the broker has not processed their withdrawal even after requesting the broker several times.
A user’s withdrawal request has been stuck for a year now. She called the Trubluefx scam.
Here are some of the screenshots by the users on the Trubluefx Reddit Withdrawal:
Trubluefx Affiliate
Trubluefx runs an affiliate on its website to join more customers. The broker claims that users can earn without limitations and generate passive monthly income that will always be visible on their affiliate profiles. Once logged in, they can view their individual reports on achievements and earnings on a daily basis.
This seemingly simple mechanism looks like a fraud, an MLM scheme. We advise you to not enter into such schemes, you might lose your money.
Customer Care
The website claims to give full customer support to its traders, but there are no options to connect to them apart from the ‘contact us’ form.
Apart from the contact form, the company’s address is also given.
Email: [email protected]
Operating office:
Stari Merkator, Palmira Toljatija 5,
11070 New Belgrade, Serbia
Conclusion
Trubluefx is a forex broker providing a variety of trading opportunities with its financial instruments and platforms. However, as an unregulated broker, it has significant drawbacks. Some believe it is operated by the same group behind the notorious Ponzi scheme, Traders Domain. Given these concerns, the risk is high, and we strongly advise you to avoid this broker if possible. You can go for trustworthy brokers like FXRoad and TradeEU Global.
FAQs
Who are the Trubluefx owners?
Ans: There is no known information about the Trubluefx owners.
What currencies are available for trading with Trubluefx?
Ans: Trubluefx provides all major currency pairs for trading, as well as exotic currencies.
How can I deposit money with Trubluefx?
In the Funding section on the website, you will find all deposit options, including Credit Card, Wire Transfer, and Crypto Wallet transfer.
What identification documents do we need to provide to Trubluefx and why?
You need to provide:
- Proof of identity (such as a passport or ID card).
- Proof of address (such as a utility bill or bank statement) that is no older than 6 months and shows your full name and residential address.
Additionally, other documents, like a credit card statement, may be required depending on your account activity.
How do I trade on the Trubluefx platform?
First, register on Trubluefx and verify your identity. Deposit funds into your account using cryptocurrency or fiat money. Then, you can choose to trade using a Trading Account and/or a Managed Account.
Are the Trubluefx reviews on reddit true?
The Trubluefx reddit reviews seem to be true as the trader has not smoothen the withdrawal process. The broker might be into a scam.
Is Trubluefx scam?
Yes, Trubluefx comes out as a scam, as the broker is not regulated by any authority and it lacks important information on its website.
