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Abstract:A forex broker called Trubluefx recently caught our eye; it is the trading name of the company Ares Global LLC. However, some sources said that this broker is actually run by the same group that is behind the Ponzi scheme at Traders Domain. What is the truth here?
About Trubluefx
Trubluefx, a trading name of Ares Global LLC, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with various tradable financial instruments on the MT5 trading platform. Trubluefx advertises that it offers access to a wide range of trading instruments in financial markets, including FX and CFDs on Indices, Commodities, and Cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Ripple (XRP), Tether (USDT) and more.
Is it Legit?
It is essential to verify the authenticity of the regulatory claims and to assess the effectiveness of the security measures implemented by the broker. As we know so far, Trubluefx is not a regulated broker. Trubluefx does not hold any regulatory license, which means no one can hold this broker accountable if something goes wrong. This is a red flag that investors need to be aware of. WikiFX has given this broker a low score of 1.81/10.
Account Types & Minimum Deposit
Trubluefx claims to offer demo accounts, Trading Accounts, and Managed Accounts. It seems that no minimum deposit requirement.
Trading Platform
The platform available for trading at Trubluefx is one of the most notable and preferred trading platforms the market offers - MetaTrader5 for Windows, iOS, Android, and Mac.
Contact Information
Trubluefxs customer support can be reached by email at support@trubluefx.com or by leaving messages online to get in touch. Registered office: Suite 305, Griffith Corporate Centre, P.O. Box 1510, Beachmont, Kingstown, St. Vincent and the Grenadines.
Exposures: Trubluefx is Traders Domain?
Some of you may have heard about Traders Domain before. It is a Ponzi scheme that has scammed a lot of money from investors and caused investors to suffer a huge financial loss. On Trustpilot, the feedback about this broker is pretty negative. Some people believe that this broker is getting involved in a scam and Trublue is the renamed firm of Traders Domain.
Conclusion
Trubluefx is a forex broker that offers various trading opportunities with its range of financial instruments and trading platforms. However, like other unregulated brokers, it comes with its own set of weaknesses. Some people think this broker is run by the same team as Traders Domain, an infamous Ponzi scheme. Therefore, the risk is high and we advise you to avoid this broker as possible as you can. WikiFX will keep track of the truth behind this broker. Stay tuned.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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