tianfubao Forex Broker

Note: Regrettably, the official website of tianfubao, namely http://www.tfbpme.com/, is currently experiencing functionality issues. tianfubao Review Summary Founded 5-10 years Registered Country/Region Hong Kong Regulation CGSE Market Instruments London gold/silver electronic trading, 99 gold, HK dollar kilobar, and RMB kilobar, casting, and other gold trading business Leverage 1:100 EUR/ USD Spread 0.4 pips Trading Platforms MT5 Minimum Deposit $100 Customer Support Phone: 852-27762099, 4001-201-126 What is tianfubao？ Tianfubao Precious Metals Limited is a Hong Kong-based company. Tianfubao holds 999.9 gold caster certificate recognized by the CGSE. They offer a standard gold account denominated in USD, requiring a minimum deposit and provide the MetaTrader 5 trading platform to their clients. If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics. Pros & Cons Pros Cons Regulated by CGSE Inaccessible website MT5 supported Limited communication channels No social media presence Pros of Tianfubao: - Regulated by the Chinese Gold and Silver Exchange Society (CGSE): Being regulated by a recognized authority can provide a certain level of assurance and accountability. - MT5 support: The platform's support of MetaTrader 5, a popular trading platform, can offer a range of advanced trading tools and features. Cons of Tianfubao: - Inaccessible website: The fact that the official website is currently inaccessible raises concerns about the reliability and stability of the trading platform. - Limited communication channels: The availability of limited communication channels may hinder effective customer support and assistance. - No social media presence: The absence of a social media presence can make it challenging to gather information or interact with the platform and its community. Is tianfubao Safe or Scam？ There are doubts about the validity of tianfubao's claim that it is regulated by the Chinese Gold and Silver Exchange Society, which is the only exchange in Hong Kong that trades physical gold and silver. However, That tianfubao's official website is currently inaccessible raises concerns about the reliability of their trading platform. These factors increase the level of risk associated with investing in tianfubao. If you are considering investing with tianfubao, it is crucial to conduct a detailed investigation and carefully weigh the potential risks against the possible rewards before making any final decisions. In general, it is recommended to select brokers which are properly regulated in order to ensure the safety of your funds. Market Instruments Tianfubao provides a diverse range of trading instruments that cover various asset classes. - London Gold/Silver Electronic Trading: Tianfubao allows users to trade London gold and silver electronically. This instrument enables traders to speculate on the price movements of these precious metals without physically owning them. - 99 Gold: 99 gold refers to trading in gold that is at least 99% pure. Tianfubao offers the opportunity to trade this high-quality form of gold, allowing users to benefit from price fluctuations. - HK Dollar Kilobar: Kilobar refers to gold bars weighing one kilogram. Tianfubao facilitates trading in HK Dollar Kilobars, providing users with exposure to the Hong Kong dollar-denominated gold market. - RMB Kilobar: Similar to HK Dollar Kilobar, RMB Kilobar trading allows users to trade gold bars denominated in Chinese Renminbi (RMB). This instrument enables investors to participate in the Chinese gold market. - Casting and Other Gold Trading Business: Tianfubao also offers trading in various other gold-related businesses, including casting. This involves activities related to gold casting, refining, or other aspects of the gold industry. Accounts & Leverage Tianfubao Precious Metals offers a standard gold account that requires a minimum deposit of $100 and is denominated in USD. Regular clients have access to leverage up to 1:50, while professional clients can enjoy leverage of up to 1:100. Furthermore, Tianfubao Precious Metals can tailor the solution for each investor, ensuring that if the deposit currency is not USD, the displayed amount will be converted from USD to the respective deposit currency. Spreads & Commissions Tianfubao offers competitive spreads starting from as low as 0.4 pips. A spread is the difference between the buying and selling price of a financial instrument, such as gold in this case. A lower spread implies a smaller difference between these prices, which is generally favorable for traders as it reduces their transaction costs. However, without access to the website, it is not possible to provide specific information about the commission structure offered by Tianfubao. Trading Platform Tianfubao provides the MetaTrader 5 (MT5) trading platform for its clients. MT5 is a popular and highly regarded platform used by traders worldwide. It is known for its comprehensive set of features and advanced functionalities, making it suitable for both beginner and experienced traders. The MT5 platform offers a user-friendly interface that is easy to navigate, allowing clients to access various financial markets, including precious metals like gold. Traders can monitor real-time price quotes, analyze charts, and execute trades directly from the platform. The platform also provides a wide range of technical analysis tools, indicators, and charting options, enabling traders to make informed decisions based on market trends and patterns. User Exposure on WikiFX Our website provides reports of fraudulent activities and advises traders to thoroughly evaluate the information available and assess the risks before trading on an unregulated platform. Prior to engaging in any transactions, users are encouraged to check our platform for relevant information. If you have encountered scam brokers or have fallen victim to such activities, we kindly request that you inform us through the Exposure section. We greatly appreciate your cooperation, and our team of experts will make every effort to address and resolve the issue for you. Customer Service Customers can visit their office or get in touch with customer service line using the information provided below: Telephone: 852-27762099, 4001-201-126 Conclusion In conclusion, Tianfubao Precious Metals Limited is a Hong Kong-based company that specializes in various gold-related services. They are regulated by CGSE and hold the necessary licenses and certifications. However, there have been suspicions and reports of scams associated with Tianfubao, raising concerns about the authenticity of their regulatory claims. It is important for individuals to approach the company with caution and conduct thorough due diligence before engaging in any financial transactions. Frequently Asked Questions (FAQs) Q 1: Is tianfubao regulated？ A 1: Yes. It is regulated by CGSE. Q 2: How can I contact the customer support team at tianfubao？ A 2: You can contact via phone, 852-27762099, 4001-201-126. Q 3: Does tianfubao offer the industry leading MT4 & MT5？ A 3: Yes. It offers MT5. Q 4: What is the minimum deposit for tianfubao？ A 4: The minimum initial deposit to open an account is $100. Risk Warning Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies. In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.