TP Global FX Review: Is tpglobalfx.com Scam? - Topedgefx.com

TP Global FX Review: Is tpglobalfx.com Scam?

TP Global FX is a broker that provides a variety of financial instruments for trading.

These include Forex, Crypto, Stocks, Metals, Indices and CFDs.

TPGlobalFX is currently offering 3 account types where minimum deposit starts at $20.

The Pro and Institutional account types require $50 and $25,000 respectively.

All account types are offering 100+ trading instruments with pips starting 0.1 pips.

TP Global FX is also charging commission for their pro and institutional account types.

Traders expect to pay $8 and $15 respectively while their standard account type does not attract any commission.

As for the leverage, we’re talking of 1:200 up to 1:500.

TP Global FX broker review

In addition to this, TP Global FX provides copy trading from “expert traders” while those who would like to learn trading are provided with free education materials.

Is TP Global FX legit?

Other than the promotional statements that can be found across the broker’s website, serious traders would like to know how reliable this broker is.

Are they regulated? Where are they based at and what kind of quality do they offer in their services?

Well, according to the salespage, TPGlobalFX is operating from an offshore location called St Vincent and the Grenadines.

Secondly, we see that this broker has not displayed their license number on their website.

This means that they are not regulated and even if they were under the jurisdiction’s regulatory framework, clients money wouldn’t be safe in the hands of an offshore broker that is based in a region where regulations are weak.

We would therefore like to ask you to only invest your money with regulated brokers who have already built their reputation.

If you trade with TP Global FX, you will most likely lose your money.

Conclusion

TP Global FX is not the kind of broker that will provide the level of service that serious traders expect.

Deposit transactions are likely to be smooth and straight forward.

However, problems will arise when it comes to getting your money out of an unregulated platform.

You need to keep off these doggy brokers at all cost.

And of course if you found a good MT4 broker offering trading in Forex and other instruments, you may want to explore these recommended services.

One Response

  1. Moses Aaron July 8, 2021

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