TRSystem has been flagged by ASIC (Australia) for "Unlicensed (Legacy)". Phones: +44 02038074325
Addresses: 4 Parda Street Downtown District Harju County Tallinn 10151 Estonia; 89 Bickersteth Road London SW17 9SH This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm. Website domain: www.cfds100.com.
The hidden fees at TRSystem are the real scandal here. What they advertise and what they actually charge are two different things. By the time I realized how much I was paying in various fees and spreads, I had already lost a meaningful amount.
Pros: Two-factor authentication|Segregated accounts|Multi-device support|Quick verification
Cons: None so far|Limited cryptocurrency options
I closed a profitable position at TRSystem and the profit was not credited for 5 days. Support said it was a settlement delay. When it finally arrived it was less than the amount shown on the platform. They could not explain the difference. I have moved my account.
Pros: Demo account available|Economic calendar|Tax reports included|Helpful community forum
Cons: Charting tools need more indicators|Nothing significant
Their two-factor authentication was optional when I joined. I enabled it. Later I lost my phone and could not log in. TRSystem recovery process took 3 weeks and required notarized documents. By then I had missed important trades. Their security is your inconvenience.
Pros: Automated trading options|Easy to use platform
Cons: No fractional shares|Onboarding videos are outdated
The platform itself is okay, but the customer service at TRSystem is truly awful. I waited weeks for a response to a simple inquiry. When they did respond, it felt like a generic template that did not address my specific issue at all.
Pros: Dividend tracking|Professional team
Cons: Alert system is basic
I lost a significant amount because TRSystem did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Fast deposits|Two-factor authentication|Clear documentation
Cons: Website design could be more modern