If you’re a seasoned trader, you already know how difficult it is to find a platform that is both transparent and client-focused. That’s why I was so thrilled when I came across a broker like TrueNorthBit.
I just scored big in the Forex market and discovered a wonderful treasure. So, I took the liberty of focusing all of my attention on evaluating the quality of services this platform has to offer. Let me tell you, right now, TrueNorthBit is a platform that will compel you to return after your first visit.
Table of Contents
What Makes It Unique?
Before I get started on this review, there’s something I need to talk about first. TrueNorthBit immediately stood out among the crowd, and there’s a reason for it. To begin with, this isn’t simply another business that tries to deceive you and take your money. Instead, the entire staff will be there for you, as you will see by pressing the Live Chat icon and asking for help.
You’ll also see why this broker caught my attention if you scroll down to the Terms and Conditions page. I’ve had a lot of experience with the Forex market throughout the years. I’ve met a variety of brokers and learned not to take any risks. So, if I appreciate the website’s responsiveness, I go immediately into the Terms and Conditions and study each line. For me things took an unexpected turn this time with TrueNorthBit because I couldn’t discover any reason to believe this is a shady broker. Every term is defined and written in simple words. In addition, there is a section dedicated to commissions, so you won’t have to worry about hidden costs or unpleasant surprises while trading.
TrueNorthBit went from zero to five on my hypothetical scale after a thorough evaluation of the Terms and Conditions. So, let’s speak about some of the other factors that boosted this broker’s score to a perfect 10.
Account Types
You’ve come to the right place if you enjoy having a variety of options. TrueNorthBit provides a variety of account kinds, which you should pick based on your trading preferences and experience level. The most remarkable advice I can give you is to call their reps and have a conversation with them about which account would be best for you.
Of course, trading conditions vary depending on the account you pick, but even the most minor account will provide you with sufficient funds to get started. I’m referring to market reviews, high leverage, and a little initial deposit. If you’re a newbie, even that is too much.
I was happy with this section because this broker doesn’t just cater to skilled traders. As a result, you may have a pleasant Forex experience even if you haven’t traded for a day.
Trading Platform
Secure, fast, and easy online trading is all I need, and that’s precisely what TrueNorthBit promotes. Because the trading platform is web-based, it saves a lot of time. There is no need to install or download any programs. As a bonus, you may open a website in a browser on any device and begin trading. As a result, practicality is an essential aspect of this broker.
I won’t spend much time discussing the aesthetics because you can use the site even if you don’t have an account. Before you deposit anything, you may experiment and familiarize yourself with it, which I mean when I say this is a client-oriented organization. Everything has been designed to be user-friendly and convenient for you.
TrueNorthBit has done an outstanding job of ensuring that its stocks, commodities, FX, and cryptocurrency offerings are continuously trending. They do not, however, appear to be operating with any indices.
Last but not least, you could be interested in the possibility of personalization. Is there something about the trading platform that you don’t like? It can be changed. It’s that simple! This web-based trading platform may be customized in every way. You may customize anything from the chart to the indicators to suit your preferences.
Education
I saw that the Trading Accounts are in good shape. Will the offerings within each account, however, be complete without a good education? Not. If you want to improve your abilities, the broker should be willing to provide you with educational tools to help you learn new things.
In this case, the TrueNorthBit team went above and beyond to deliver eBooks and lessons to clients. If I wanted to learn the concepts of Forex, there are postings on the subject. There is something for everyone, regardless of their degree of expertise.
The e-books that have been posted are pretty detailed. They all touch on serious issues that need to be addressed, which I find fascinating. These eBooks, on the other hand, are not available for download to devices for offline reading.
The Education Section also includes a Glossary of Key Terms, an Asset Index, and Frequently Asked Questions. As a result, if I had any queries, I was able to get the solutions there.
Deposit & Withdrawal Policy
It’s time to talk about your money now that you’ve learned everything there is to know about accounts and trading platforms. First and foremost, is it safe? That isn’t something to be concerned about. Let’s begin with the most fundamental element: the SSL certificate. Because TrueNorthBit has one, you can be confident that your credit card information is secure.
Aside from credit cards, you may use a bank transfer or a digital wallet to make a deposit. Because the conditions are the same, you may choose the approach that is most convenient for you. There are no deposit fees, and your funds will be available immediately. Everything runs well, and you won’t have to waste a single second of your time on unnecessary protocols.
When it comes to withdrawals, there are a lot of things I want to say. First, every experienced broker understands that you may feel compelled to withdraw all of your profits right away, just in case. TrueNorthBit, on the other hand, is a broker that provides a certain level of security and does not put you under any pressure.
You must authenticate your identity before making any withdrawals. This is a standard procedure for ensuring the security of your cash. You will need to prepare and submit some documents for evaluation. The withdrawal process will begin once they have confirmed that the account belongs to you.
This is the most exciting portion of the process: processing time. Everything takes seven to 10 business days to complete, which is incredible. However, you won’t have to wait long to get your money with this broker, and withdrawals won’t be delayed. Some brokers take months to send funds to your bank account, yet the greatest wait time with TrueNorthBit is ten days.
Customer Support
To sum up my TrueNorth review, I’ll talk about my wonderful experience with customer service. When it comes to assistance, responsiveness is one of the most critical factors. Politeness is meaningless if I don’t get a response five days after I’ve posed a question. So, if a broker wants to be on our shortlist of favorable evaluations, it must have a good staff available 24 hours a day, five days a week.
For the time being, TrueNorthBit has established four alternative contact ways. You may contact them on the phone to speak with someone personally or send a message via Live Chat, web form, or email, depending on your preferences. In any case, any of these methods are effective.
I went with Live Chat for my preliminary test. Because this broker described everything on the website, I didn’t have any questions for customer service people. Finally, I discovered something I needed to know about accounts and sent a message. Within less than a minute, one of the agents addressed me, and we began our conversation. We talked for a few minutes, and the agent was very kind the entire time. Every query I had was answered, and all I could do was thank them for their assistance and give another plus to my review.
As you can see, if a problem arises, TrueNorthBit has a whole team ready to assist you and resolve any issue swiftly. Essentially, it is all you require from a broker.
Conclusion
When I want to write a review of a particular broker, I prefer to look at previous articles on that broker. However, this time, I was taken aback since all of those articles were very positive. To be honest, I was skeptical at first, but I quickly understood there was a reasonable explanation for all those glowing reviews. However, the only thing that I found was that They do not appear to be operating with any indices. Other than that, TrueNorthBit has done an outstanding job of ensuring that its stocks, commodities, FX, and cryptocurrency offerings are continuously trending. So, if you want to establish an account with TrueNorthBit, go ahead and do so; you’ll have the opportunity to trade with a trustworthy broker who cherishes each client.
Disclaimer: This review is written from my own experience and my self-knowledge only, and this is not a recommendation