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Nigeria|2-5 years|
Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|


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+234 07004446147
163B, Sinari Daranijo Street, Off Ligali Ayorinde VI Lagos Nigeria


No valid regulatory information, please be aware of the risk!

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Previous Detection : 2023-09-27
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

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Trustbanc · Company Summary

Company Name Trustbanc Group
Registered in Nigeria
Regulated by No Regulation
Founded in 2-5 years ago
Trading instruments Stocks, Bonds, Funds
Account Types Individual and Corporate
Commission Fees 1.35% (Flat rate)
Trading Platforms MTrader (for Android)
Deposit and withdrawal method N/A
Customer Service Phone, Email, Chat, Social Media

Overview of Trustbanc

Trustbanc is a financial institution that offers a wide range of integrated investment solutions and services. Focusing on Sub-Saharan Africa, especially in Nigeria, Trustbanc currently does not hold any major licenses, which raises concerns about the safety and reliability of trading with this broker. As an unregulated broker, traders should exercise caution and carefully consider the potential risks involved.

Trustbanc comprises several subsidiaries, each specializing in different areas of the financial industry. Trustbanc Capital specializes in professional financial services, guiding clients to utilize their wealth for long-term productive purposes effectively. Trustbanc Microfinance Bank offers swift and convenient loans at a competitive 3% interest rate, customized to meet individual requirements. In the foreign exchange market, Primelink BDC, a subsidiary of Trustbanc, provides flexible exchange rates within 24 hours, facilitating convenient currency conversions for clients engaged in international trade. Together, these subsidiaries showcase Trustbanc's commitment to delivering comprehensive financial solutions and excellent customer service.

For forex trading, Trustbanc gives customers direct access to trading activity through a platform called MTrader. Traders can freely buy and sell, under decisions made according to the helpful features, such as real-time quotes, interactive charts, watch list management, and price alerts. Another proprietary platform is also available in an intuitive interface to provide traders with related information to their trade and portfolio.


Is Trustbanc Legit or a Scam?

Trustbanc Group is not regulated by any financial authority. Although Trustbanc has a company address in Nigeria, its lack of regulatory oversight raises concerns about its legitimacy and trustworthiness. It's essential to be cautious and do thorough research before getting involved in any financial dealings with Trustbanc or any unregulated company.

While not being regulated doesn't automatically mean it's a scam, it's a good idea to gather more information, read reviews, and consult with financial experts to make sure Trustbanc is reliable and trustworthy before making any decisions.

Pros and Cons of Trustbanc

Moving on to the advantages and disadvantages of Trustbanc, it's important to weigh both sides to form a well-rounded assessment. It helps individuals make well-rounded decisions based on their specific financial needs and preferences.

Trustbanc offers a diverse range of financial services, including asset management, capital management, microfinance, and foreign exchange trading. This allows clients to access a wide variety of financial products and tailor their strategies to meet their specific needs. Trustbanc also prioritizes customer satisfaction and provides excellent service through their customer-centric approach. They leverage innovative digital platforms to enhance the client experience, offering convenient access to account information, real-time market data, and trading functionalities. Additionally, Trustbanc boasts a skilled workforce of professionals who provide expert guidance and support to clients.

As the coin has two sides, one drawback of Trustbanc is the lack of critical information on their website, such as minimum deposit requirements, maximum leverage, deposit and withdrawal methods, and trading platforms. This limited transparency can make it challenging for potential clients to fully evaluate the company's offerings. Trustbanc's services also may have limitations in terms of geographical reach and availability. The extent of their accessibility in specific regions may not be clearly defined, which could impact potential clients outside their established service areas. In addition, specific details about Trustbanc's regulatory status and overseeing financial authorities may not be clearly stated, raising concerns for clients who prioritize regulated financial institutions. It is important for individuals to conduct thorough research, seek clarification directly from Trustbanc, and carefully consider the associated risks before making any investment decisions.

Pros Cons
Diverse financial solutions offered Lack of critical information
Customer-centric approach Limited transparency
Innovative digital platforms Inaccessible website
Skilled workforce Inherent investment and trading risks

Subsidiaries of Trustbanc

Trustbanc consists of several subsidiaries, each offering distinct products and services. Here's an overview of the products and services provided by each subsidiary:

  1. Trustbanc Asset Management: This subsidiary focuses on investment management and offers a wide range of investment products. They work closely with clients to understand their specific needs and provide tailored investment solutions. Their offerings may include mutual funds, portfolio management services, and other investment vehicles.

  2. Trustbanc Capital: Trustbanc Capital specializes in providing professional financial services. They help clients effectively allocate their wealth towards productive use, offering expertise in areas such as capital management, investment advisory, and financial planning.

  3. Trustbanc Microfinance Bank: Trustbanc Microfinance Bank focuses on providing financial support to individuals and businesses through microloans. They offer swift and convenient loan facilities at competitive interest rates, assisting clients in meeting their financial needs and supporting their growth.

  4. Primelink BDC: Primelink BDC is a subsidiary that focuses on foreign exchange services. They provide flexible exchange rates within a 24-hour timeframe, catering to clients engaged in international trade or requiring currency conversions.


Target Market

Trustbanc recognizes the diverse financial needs and objectives of individuals and corporations, which is why it has developed a comprehensive range of products and services to cater to these distinct customer segments.

For individuals, Trustbanc offers a range of investment products and services designed to help them grow and manage their wealth. Whether they are new to investing or experienced investors, Trustbanc provides personalized financial solutions, professional advice, and access to various investment options. Individual customers can benefit from Trustbanc's expertise in asset management, capital management, and the convenience of their digital platforms.

For corporations, Trustbanc understands the unique financial needs of businesses and offers tailored solutions to support their growth and success. Trustbanc's comprehensive range of financial services, including capital management, investment advisory, and microfinance solutions, are designed to address the specific requirements of businesses across various industries. By partnering with Trustbanc, corporations can access expert financial guidance, funding opportunities, and strategic insights to make informed decisions and achieve their financial goals.

By understanding that individuals require personalized solutions for managing and growing their personal wealth, and that corporations have unique financial demands for supporting their business operations and strategic initiatives, Trustbanc is able to provide targeted and specialized services to meet the specific requirements of each group.

Steps to Open an Account

Creating an account with Trustbanc is a simple process that can be completed in 5 easy steps:

  1. Sign up: Visit the Trustbanc website and click on the “Open An Account” button.

  2. Fill in personal details: Provide the information as required according to the account type you would like to open.


3. Enter contact information: Input your email address and other required contact details such as phone number and address.

4. Verify your identity: Follow the instructions to verify your identity by selecting the type of identification document (e.g., driver's license, passport) and entering the corresponding identification number and expiry date. You may also need to upload scanned copies or photos of your identification document.

5. Submit and confirm: Review the entered information for accuracy and submit your information to complete the registration process.

Spreads & Commissions

When it comes to trading with Trustbanc, it's important to consider both the spread and commission fees. The spread refers to the difference between the buying and selling prices of a particular trading instrument. However, specific information about the spreads offered by Trustbanc is not available. It's recommended to reach out to Trustbanc directly or consult their website for more details regarding the spreads for different trading instruments. The lack of information on spreads may make it challenging to assess the cost of trading with Trustbanc accurately.

In addition to spreads, commission fees are also a factor to consider. Commission fees are charges imposed by the broker for executing trades on your behalf. The commission fees charged by Trustbanc Capital are a flat rate of 1.35% for all transactions executed, including both retail and institutional clients. This means that regardless of the size or type of transaction, the commission fee remains consistent at 1.35%.


Trading Platform

According to the “Apps to Download” section on the official website, MTrader is Trustbanc's trading platform designed for Android phones. It provides a user-friendly and convenient mobile trading experience. With MTrader, users can access real-time market data, trade stocks, bonds, and funds, and stay updated with news and trends.

The platform offers features such as real-time quotes, interactive charts, watch list management, and price alerts. Traders can also manage their accounts by viewing portfolio valuation, cash balance, and statements. MTrader prioritizes security by not storing user information on the device. Overall, MTrader enables traders to actively monitor and trade investments on the go.


Customer Support

Trustbanc Group offers various ways to get help and support. You can reach out to them by phone, email, or through the chat and call options on their website. They are also active on social media platforms like Instagram, LinkedIn, Twitter, and YouTube, where you can follow them, stay updated, and send messages.

With multiple ways to get in touch, you can ask questions, share concerns, or seek guidance in a way that works best for you. To receive quick and personalized support, use the provided contact information and make use of the chat and call options on their website. Trustbanc also offers a newsletter subscription service on their website, so you can stay informed about their latest news and updates.


Educational Resources

Trustbanc understands the importance of education in trading success. They provide a variety of educational resources, including tutorials, guides, webinars, market overviews, news updates, blogs, and seminars. These resources cover essential trading topics and are designed to cater to traders of all skill levels.

Through these educational offerings, Trustbanc aims to empower traders with the knowledge and skills needed to make informed trading decisions and stay updated with market trends.



In conclusion, Trustbanc is a reputable broker firm that offers a comprehensive range of financial services, catering to both individual and corporate clients. With their diverse portfolio of investment products and a customer-centric approach, Trustbanc aims to meet the unique financial needs and objectives of their clients. Their innovative digital platforms, skilled workforce, and commitment to transparency contribute to an enhanced trading experience. Trustbanc also provides educational resources to empower traders with the necessary knowledge and skills for successful trading.


Q: Is Trustbanc regulated?

A: Trustbanc is currently not regulated by any financial authority. Therefore, it can be categorized as an unauthorized broker.

Q: Which trading platform does Trustbanc offer?

A: Trustbanc offers the MTrader platform, specifically designed for Android devices. This platform has a user-friendly interface, real-time market data, and various tools to help you execute trades and manage your investment portfolio efficiently.

Q: What can I trade on Trustbanc's platform?

A: On Trustbanc's platform, you can trade various financial instruments such as stocks, bonds, and funds.

Q: How can I contact Trustbanc's customer service?

A: You can get in touch with Trustbanc's customer service through phone, email, or chat, as well as their social media accounts.

Q: What educational resources are available on Trustbanc's website?

A: Trustbanc's official website provides educational resources to help you gain knowledge about financial markets. These resources include articles, guides, tutorial videos, and market overviews.

Broker Information

Company Name

TrustBanc Group

Company Abbreviation


Regulatory Status

No Regulation

Platform registered country and region


Company website
Company address
  • 163B, Sinari Daranijo Street, Off Ligali Ayorinde VI Lagos Nigeria







Customer Service Email Address


Company Summary

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