Is Traderstrust a reliable broker?

www.traders-trust.com is this broker is trust able i m looking to open account with them but not sure as per customer service they are doing this business from 2010 januaray and regulated by fsa and mfid and cyprus exchange


please have any one experience with them if some one have then please share it.

I’m trading with several brokers including Traders Trust Broker
I’ve registered account for 2 reasons: free iPhone 4 and the Cash rebate programme.

Other advantages:
•STP- Straight Through Processor – No Dealing Desk intervention
•No Re-quotes or Slippage during order execution –
•Support market and Instant execution
•Cash rebate programme up to $3.50 per lot
•Fully regulated within the EU - Your funds are safe and segregated
•All trading strategies welcome – Scalping, Hedging and EA's
•iPhone 4 or iPad 2 welcome gift
•Spreads from 1 pip & leverage up to 1:500
•Professional support team

So far good experience!

Hi what is the minimum lot in this broker, does it support micro lot?

Hmmm, always good to read everything. They promote no-requotes and STP execution eh? Look at their website and under "execution rules" paragraph #7 they state:

" However, due to the high volatility of the market, prices may change before a Client can execute at their determined price. The Company at this point, has the right to offer the Client a new price. The Client can either accept the new price and execute the order, or refuse the new price, cancelling the order transaction completely."

Correct me if I'm wrong but that means a "requote" to me!

Also under paragrapgh #6 "execution venues" they state:

"In certain circumstances such as unusual market conditions or the size and nature of the Client’s Order, it may be wholly or partly manually priced and/or an Order may be manually transmitted for execution, and then have an impact on the price at which the Order is executed."

In other words you will be put on manual execution of your order/orders.

So they claim to be act as a STP broker yet when they do the actions above they are definately acting as a Market Maker. Whats up with that I ask myself? Hmmm.