Truedge Market has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services|Regist...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Truedge Market is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Pros: Initially responsive customer service
Cons: Blocked my account|No legitimate license|Fake returns
I have been trying to close my account with Truedge Market for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Instant funding|Fast execution|Clean UI
Cons: Desktop app not available on Linux|Help articles are sometimes vague
Do not use Truedge Market for anything serious. I used them for a couple of months now for small trades and it was okay. When I deposited a larger amount and traded more, my account was flagged, my withdrawals were delayed, and I was asked to explain my trading. They treat active traders like criminals.
Pros: Clean UI|Detailed reporting|Great customer service|Customizable dashboard
Cons: Slow to add new assets
Truedge Market seems more interested in acquiring new customers than taking care of existing ones. The marketing is aggressive but the product is mediocre. Once you are past the honeymoon period, the cracks in their service become very apparent.
Pros: Demo account available|Portfolio tracking tools|Clean UI
Cons: Email notifications too frequent
The spread at Truedge Market is not what they advertise. During volatile markets it widens so much that you lose before the trade even starts. I found them from a blog post comparing services and initially thought the platform was good - until I started trading seriously.
Pros: Good mobile app|Competitive fees
Cons: Limited social trading features|Minimum deposit could be lower
The hidden fees at Truedge Market 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: Helpful community forum|Regular updates|Wide product range|Risk management tools
Cons: Would like more payment methods
I opened an account with Truedge Market for a couple of months now ago. The platform frequently logs you out, orders fail to execute at the stated price, and when you complain they blame your internet connection. I have screenshots proving otherwise.
Pros: Low minimum deposit|Transparent fees|Excellent charting|Copy trading available
Cons: No crypto staking|Account statements could be more detailed
For anyone considering Truedge Market, please be aware that this company has been flagged by Financial Conduct Authority. This does not necessarily mean they are a scam, but it does mean they may not be authorized to operate in certain jurisdictions. I strongly recommend checking the official regulator website before making any investment decisions.
Pros: Information is publicly available for verification
Cons: Listed in IOSCO I-SCAN|May not be authorized in your jurisdiction
I lost a significant amount because Truedge Market 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: Educational resources|Two-factor authentication|Excellent charting
Cons: No fractional shares
The reporting at Truedge Market is laughably bad. Tax documents are inaccurate, transaction histories have gaps, and trying to export data for your accountant is a nightmare. For a financial platform, getting the numbers right should be the bare minimum.
Pros: Excellent charting|Good analytical tools|Tax reports included|Responsive team
Cons: Some tools only available on higher tiers