Score
South Korea
|
5-10 years
| https://www.truefriend.com/eng/main.jsp
Website
Rating Index
Influence
B
Influence index NO.1
South Korea 7.93
LicensesNo valid regulatory information, please be aware of the risk!
South Korea truefriend.com South Korea
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| TrueFriend Review Summary | |
| Founded | 2003 |
| Registered Country/Region | South Korea |
| Regulation | No regulation |
| Services | Brokerage, retirement pension, fixed income, IPO, M&A IntI finance, OTC derivatives, and project & structured finance |
| Demo Account | ❌ |
| Customer Support | Service time: 8 a.m ~ to 5 p.m |
| Tel: 1588-1251 | |
| Email: truefriend@koreainvestment.com | |
| Address_88, Uisadang-daero, Yeongdeungpo-Gu, Seoul, korea | |
| Regional Restriction | U.S. |
TrueFriend, founded in 2005 and based in Korea, operates as an unregulated financial trading platform. It offers many financial services including brokerage, retirement pension, fixed income, and so on. However, the residents from the United States have no access to trade with them.
Here is the home page of this brokers official site:
| Pros | Cons |
| Variety of services offered | No regulation |
| US clients are not allowed | |
| No 24/7 customer service | |
| Limited Information on fee structure |
No. Truefriend currently has no valid regulations. Please be aware of the risk!
Besides, Truefriend was registered on May 12, 2003. As of now, its status includes restrictions such as client transfer prohibited and client update prohibited. It is set to expire on May 12, 2026, and was last updated on April 15, 2025.
TrueFriend offers services in brokerage, retirement pension, fixed income, IPO, M&A IntI finance, OTC derivatives, and project & structured finance.
It provides brokerage for foreign institutional investors in domestic stocks, futures, and options, and also helps Korean investors invest in overseas stocks and bonds across the US, UK, Japan, Hong Kong, and China.
Moreover, through the Korea Securities Depository, it brokers stock borrowing and lending for both domestic and foreign investors, facilitating various trading strategies.
TrueFriend offers personal pension accounts. As a provider of personal pension plans focused on blue - chip assets like POSCO, MBC, and KEPCO, it has achieved remarkable results over 10 years. The cumulative return stands at an outstanding 191%, with an annual average return of 15%. During the same period, it ranked first among all financial institutions.
TrueFriend offers a range of services, including brokerage, retirement pensions, and OTC derivatives. The broker’s long operational history since 2003 provides some stability, and their offerings for both domestic and international markets, such as commodities and FX, are appealing to a wide range of traders. The availability of custom financial solutions and risk management services can also benefit investors. However, despite these advantages, the absence of regulation remains a critical drawback. It’s important to weigh the pros against the risks before opening an OTC account or using the PayFX trading platform.
TrueFriend provides access to a variety of financial instruments, including derivatives, commodities, and FX. These instruments offer opportunities to diversify your portfolio and take advantage of market fluctuations. However, TrueFriend does not support trading in stocks, cryptocurrencies, ETFs, bonds, or options, which could limit your ability to trade across other asset classes. If you're looking to use the PayFX platform or open an OTC account, it’s important to understand which instruments are available for trading.
In my view, TrueFriend offers a variety of services and has a long history in the industry, which is appealing to investors. However, the lack of regulation makes it a risky choice for trading, as it leaves your funds unprotected. Additionally, the limited customer support and lack of information about funding options make it harder to trust. If you plan to open an OTC account or use their platform for OTC trading, I recommend considering the risks associated with an unregulated broker before proceeding.
TrueFriend is not a regulated broker, which raises concerns regarding the safety of funds and the transparency of trading conditions. While TrueFriend offers various financial services, including brokerage and OTC derivatives, the lack of regulation leaves traders and investors vulnerable to risks. Regulatory bodies ensure that brokers adhere to industry standards and protect client funds. Since TrueFriend operates outside of these protective frameworks, if you are considering using their services or logging into your OTC account, it’s crucial to understand the risks involved in trading with an unregulated platform.
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