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TLC-Trader, a forex and CFD trading platform, was established in 2019. The company initially operated under the name Drummonds LLC before rebranding to TLC-Trader. This transition reflects its ongoing efforts to establish a distinct identity in the competitive trading market.
TLC-Trader is owned by a private entity, with no publicly available information regarding a parent company. The lack of transparency regarding ownership raises concerns about accountability and governance.
The company is registered in Russia, which is significant given the regulatory environment for financial services in the region. However, the specific address of its headquarters is not publicly disclosed.
TLC-Trader operates primarily in the forex and CFD markets, targeting a global audience. While it claims to have a significant client base, the lack of verifiable data raises questions about the actual reach and effectiveness of its services.
TLC-Trader operates without valid regulatory oversight, which poses significant risks for potential clients. The absence of regulation from recognized authorities means that the company is not subject to the same standards of accountability and consumer protection as regulated entities.
Since its inception, TLC-Trader has aimed to expand its offerings in the forex and CFD markets. However, the lack of regulatory backing has hindered its growth potential and credibility.
The company claims to have attracted a large number of traders, although verifiable statistics are lacking. Reports suggest that the company has not successfully built a solid reputation in the trading community.
The TLC-Trader platform features a basic trading interface, with claims of being user-friendly. However, the lack of advanced tools and resources for traders indicates that the platform may not meet the expectations of more experienced investors.
As of now, TLC-Trader has not received any notable awards or recognitions within the financial services industry, which further emphasizes its limited standing in the market.
TLC-Trader offers forex trading with a limited selection of currency pairs. However, the exact number of pairs available is not disclosed, which may be a disadvantage compared to competitors.
The company does not prominently feature stock trading options on its platform, focusing more on forex and CFD products.
TLC-Trader provides a range of CFD trading options, but specific details on the types of assets available (such as indices or commodities) are not clearly outlined on their platform.
The platform claims to support cryptocurrency trading, but further details about the specific cryptocurrencies available are not provided. Additionally, information about commodities trading is sparse.
TLC-Trader promotes features such as high leverage and minimal deposit requirements. However, the lack of comprehensive educational resources or analytical tools may limit the advantages for traders, especially novices.
TLC-Trader operates without any valid regulatory licenses, which is a significant red flag for potential clients. The absence of regulation means that the company does not adhere to industry standards designed to protect investors.
The company is registered in Russia, but details regarding its legal entity structure and compliance with local laws are not transparent. This lack of information can lead to potential legal issues for clients.
Without regulatory oversight, there are no established client fund protection measures in place. This lack of safeguards increases the risk of losing funds deposited with the broker.
TLC-Trader claims to serve a global audience; however, the lack of regulatory licenses in key markets may limit its operational capabilities.
There is no available information regarding TLC-Trader's compliance history. The absence of regulatory oversight makes it difficult to assess the company's adherence to industry standards.
TLC-Trader faces competition from several established brokers in the forex and CFD markets, including:
TLC-Trader's positioning in the industry is weak due to its lack of regulation and transparency. While it attempts to attract traders with competitive offerings, the absence of accountability undermines its credibility.
TLC-Trader's primary differentiation factors include its low minimum deposit requirements and claims of high leverage. However, these factors may not be sufficient to attract serious traders who prioritize security and regulatory compliance.
TLC-Trader presents itself as a forex and CFD trading platform with a range of offerings. However, the company's lack of regulatory oversight, transparency, and verifiable performance metrics raises significant concerns for potential clients. Traders are advised to conduct thorough research and consider the risks associated with engaging with unregulated brokers.
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