Truvecta was founded by Вranding Bubble Limited in 2023 in Saint Kitts and Nevis. It offers Forex, Indices, Commodities, Stocks, Cryptocurrencies for trading. Besides, it also provides competitive leverage, which is up to 1:500. However, the high minimum deposit of $5000 and absence of regulation will make traders think twice.
Pros and Cons
Is Truvecta Legit?
Financial Services Regulatory Commission (FSRC) in Saint Kitts and Nevis shows no information about the Truvecta. It means Truvecta is not supervised by the regulations and will result in a lot of potential risks, like legal risks or fund risks.
What Can I Trade on Truvecta?
Truvecta provides many trading assets, including forex, cryptocurrencies, commodities, stocks, metals, and indices.
Account Type
Truvecta provides five account types: Basic, Standard, PRO, Gold and Exclusive. The demo account is not mentioned.
Leverage
The leverage of Truvecta varies depending on different account types. The Basic and Standard leverage is up to 1:100, the PRO account is up to 1:200, and the Gold and Exclusive accounts is up to 1:500. Traders should bear in mind that high leverage is always with high returns and high losses.
Spreads
Truvecta's spreads of all accounts are fixed, but the spreads of PRO, Gold and Exclusive accounts are also floating and variable.
Trading Platform
Payment methods
Truvecta can pay through several ways: Visa, MasterCard, Skrill, Paypal, Swift, Neteller, Citibank and Maestro.
Customer Service
The Bottom Line
In conclusion, traders should find a reliable and transparent broker. Though Truvecta provides multiple trading assets and account types, it is still unregulated and its information is limited. Moreover, the minimum deposit is higher than other brokers. Traders should think twice when choosing a broker.
FAQs
Is Truvecta safe?
No. Truvecta is not regulated.
What kind of trading platform does Truvecta offer?
Truvecta is a trading platform with tools and data.
Is Truvecta good for day trading?
No. The minimum depsoit is high, and the withdrawal isn't mentioned.
