While current research indicates that traumas high in social betrayal are more closely associated with symptoms of posttraumatic stress and identity disturbances than are traumas low in betrayal, the psychological mechanisms by which identity problems occur are less understood. The current project explored the relationships between traumas high and low in betrayal and their influence on self-complexity, through the RFT and ACT conceptualization of three types of self-experiencing: self-as-content, self-as-process, and self-as-context. The roles of experiential avoidance, dissociation, and severity of PTSD symptoms were also considered within this framework. A sample of 548 undergraduate students at the University of North Texas completed online self-report questionnaires, and results suggested that self-as-context more strongly predicted PTSD symptoms than trauma exposure, dissociation, and experiential avoidance. Moreover, high betrayal trauma was found to be a stronger negative predictor of self-as-context than low betrayal trauma. Exposure to trauma was found to significantly predict self-complexity, and self-as-context more strongly predicted self-complexity than did self-as-process. Interestingly, self-as-context did not moderate the relationship between trauma exposure and PTSD symptoms, nor between trauma exposure and self-complexity. Implications of the current study’s findings, as well as suggestions for further research related to the impact of interpersonal betrayal on the self and psychological health, are discussed.