Trilt Review: A Deep Dive Into The Broker’s Profile
The broker was established in 2014 and that is when they got licensed by CySEC. On the 20th of March 2023, voluntary renunciation of the license happened. The renunciation is initiated by the brokerage, without pressure or enforcement action from the regulator.
Our Trilt review will uncover why this broker decided to renunciate his license and what kind of broker they were. In the meantime, check our Morton Finance review so you can learn which brokers are on our blacklist.
Who Is Trilt?
Trilt Ltd operated as a CFD brokerage, trading in forex, cryptocurrencies, stocks, metals, indices, and commodities. This broker was regulated by multiple authorities throughout its working days, including BaFin, FCA, CySEC, and more. However, licenses started to disappear one by one as time passed by.
Today, the firm is nothing more than a distant memory, and trading with them is impossible. Checking current license information is crucial before investing with firms, as regulatory oversight changes and there might be brokers like Trilt that don’t extend their license.
|Trilt||Reliable Broker Must Have|
|Legal name||Trilt LTD||Transparently displayed in the disclaimer or legal documents|
|Regulation||Was regulated by CySEC||Within your legal jurisdiction – local regulator|
|Registered in||51 Omonias Avenue, Christodoulou court, Office 201-2, 3052, Limassol||Your country or the country whose license applies in your legal jurisdiction|
|Established||2014||The older the domain – the higher the possibility the company is trustworthy|
|Website||trilt.com||Domain should be from local or international zones, no .xyz, etc.|
|Financial Authorities Warnings||
|Contacts||+357 25 510 210||Phone, email, social media, web form|
|If a withdrawal is possible||No||Yes|
||Transparent fees – list of spread and commissions|
|If Active on Social Media||No||Often present on social media|
|Investor Protection||None||Compensation fund|
While operational, they were regulated by CySEC, under license number 254/14. As of today, the brokerage is closed, and information about its operations is limited. It’s vital to note that Trilt operated from the United Kingdom and the US, however, they lacked regulatory oversight from the FCA in the UK and SEC or CFTC in the US.
According to CySEC, the license was issued on the 30th of October 2014 and the CySEC decision for the withdrawal of the CIF license for Trilt Ltd happened in March 2023. While Cyprus is a legitimate regulatory authority within the European Union, the reliability of any regulatory body can vary depending on your specific needs.
Trilt Broker Profile
Trading in various financial instruments on the MT4 trading platform with a 1:200 maximum leverage was offered at Trilt. Uite suspicious knowing that CySEC imposes a limit of 1:30 for retail traders.
Trading conditions vary with each broker, and that is why research is important. Even if a firm looks very reliable and checks all boxes, it’s vital to conduct in-depth research to determine whether or not they will suit your preferences.
Similar to DeltaMarket, the benefits for this company end with the MT4 platform. It’s vital to enter trading with knowledge and a well-thought-out plan, so you can choose the right broker and take the first step toward a profitable trading experience.
|Financial Instruments On Offer||
|Education or Extra tools||N/A|
Is Trilt Safe To Trade With?
We would love to say that they are a legit business, however, the mere fact they are no longer operational is enough to say they are not legit. Trading with Trilt would only bring you to a path of financial loss which would be hard to escape once you’re there. Instead of wasting your time by giving them the benefit of the doubt, try settling for more reliable alternatives.
There are many reputable brokers out in the market, just waiting to welcome you as an investor. Without the proper tools, education, knowledge, and the right broker, trading can be a hard path to walk on.
Who Are the Traders They Cater To?
Trading firms like this one usually have one thing in common, which is their pushy manner. They will try to build a trusting relationship with their clients, encouraging them to deposit high sums. Once you do deposit, there is no going back, especially if you used an untraceable payment method.
The nations this firm was operational in include the UK, the Netherlands, the US, India, and Belgium. That said, it’s important to check the regulatory requirements in your country before investing because a broker regulated by the FCA needs to abide by regulatory rules in the USA to be able to operate from there, which is where regulation by the CFTC comes in.
Deposits and Withdrawal Methods
Since the company’s website is down, it’s difficult to know what payment options they offered, even though we suspect that untraceable methods were their favorite. Either way, we advise against depositing your funds, instead, take the time to find better alternatives and even then start with a smaller sum. Some brokers will let you trade for as little as $1, so there is no need to deposit large amounts.
Always make sure to check the withdrawal policy and process that should be transparently shown on the broker’s website. Make sure to understand all fees that are associated with withdrawing your funds so you can be prepared if they impose hidden fees. Knowledge and awareness are the keys to success.
Can I Make Money While Trading Online?
Making money while trading online has never been easier, and all with the help of our AI bot. It scours historical price data and charts to forecast future asset prices. You will gain insights that others don’t have, placing you on top of your trades. Without the right tools, trading can be a hassle and the risk of losing your investments is much greater if you don’t have the right knowledge.
Trading with brokers like TitanTrade and Trilt won’t bring you to profits and that is why we made a deal for you. If you are among the quickest 100 traders to reach out, you have a chance to try our amazing bot for 14 days for free, without any commitment. Hurry up to take advantage of this one-time opportunity and reach out to us!
Does Trilt Have a License?
They were regulated by CySEC, however, in March of 2023, the license was revoked due to voluntary renunciation.
Is It Safe To Trade With Trilt?
This firm was both safe and unsafe to trade with while they were operational and it all depends on what country you’re coming from, as different countries have different requirements and rules.
Can I withdraw my funds from trilt.com?
Since the broker is no longer operational, withdrawing your funds won’t be easy. If you have been scammed by them, feel free to reach out so we can help out.