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TP Global FX Forex broker specializes in providing foreign exchange trading services, the company's official website http://tpglobalfx.co..., the company's legitimate regulatory information VanuatuVFSCRetail Forex License to enhance the security of the company's address 305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

TP Global FX Forex Broker

Basic Information

Registered Region

Mauritius

Operating Period

Company Name

TP GLOBAL FX LTD

Abbreviation

TP Global FX

Company employee

Customer Service Email Address

support@tpglobalfx.com

Contact Number

+447441416320

Company Website

http://tpglobalfx.com/

Company address

305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines

Facebook

https://www.facebook.com/TPGlobalFX

Keywords

Scam Brokers

5-10 years

Suspicious Regulatory License

Self-developed

Suspicious Scope of Business

High potential risk

Company profile

TP Global FX Review Summary in 10 PointsFounded2017Registered Country/RegionMauritiusRegulationNo regulationMarket InstrumentsForex currency pairs, Metals, CFDs, Indices, Stocks, etc.Demo AccountN/ALeverage1:500EUR/USD Spreadfrom 0.1 pipsTrading PlatformsMT4, MT5Minimum deposit$50Customer Support24/5 telephone, email Note: TP Global FXs official site is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.What is TP Global FX? Established in 2017, TP Global FX is a forex and CFD broker registered in Mauritius. TP Global FX currently isn't regulated by any authorities, with a suspicious clone license. TP Global FX has been verified to be illegal and all of its licenses have expired, and it has been listed in WikiFX's Scam Brokers list. Pros & ConsProsCons• Competitive trading conditions• Verified scam broker/ponzi scheme/illegal• MT4 & MT5 trading platforms• Many complaints from users about withdrawals• Low minimum deposit requirement• Website is currently unavailable• Range of trading instruments• Lack of regulation and oversight• Multiple account options and types• Poor customer service and support• No commission on some account types and markets• No negative balance protection for retail clientsIs TP Global FX Safe or Scam? Based on the evidence and reports from customers, TP Global FX appears to be a scam and should be avoided. There are numerous complaints about the broker, including allegations of fraudulent activities, inability to withdraw funds, and the company's website being unavailable.Market Instruments TP Global FX offers a diversified range of tradable instruments, which include Forex currency pairs, Metals, CFDs, Indices, Stocks, and more.Accounts TP Global FX offers investors three different types of accounts, the Standard Account (minimum deposit of $50), the Pro Account (minimum deposit of $500), and the Institutional Account (minimum deposit of $25,000). The minimum initial deposit of acceptable $50 is lower than the industry standard ($100). As TP Global FX is a scam broker and is no longer operating, it is not recommended to open any trading accounts with them.Leverage Trading leverage differs depending on trading accounts. The Standard and Pro accounts offer the maximum leverage of up to 1:500 for forex and precious metal trading. The institutional account offers the maximum leverage of up to 1:200. Since trading leverage can magnify gains as well as losses, traders should take care when using it.Spreads & Commissions Trading costs (spreads & commissions) are significantly affected by what trading accounts you are holding. The minimum spread for Standard accounts starts from 1.2 pips, and no commission is charged for trading. The minimum spread for Pro accounts starts from 0.2 pips, with a commission of $15 per lot charged. Institutional accounts have spread starting from 0.1 pips and commissions of $8 per lot. Below is a comparison table about spreads and commissions charged by different brokers:BrokerEUR/USD SpreadCommissionTP Global FXFrom 1.2 pips$0FXTMFrom 0.1 pips$2/lotAvaTradeFrom 0.9 pips$0IGFrom 0.6 pips$0Trading Platforms TP Global FX offers traders market-leading and highly acclaimed MT4 & MT5 accounts. MT4 is the industry's leading forex trading platform with a user-friendly interface, powerful charting tools, and data analysis tools that help traders develop their trading strategies and make trading a comfortable experience. MT5 is an upgraded version of MT4, and users can choose flexibly according to their actual needs. Deposits & Withdrawals Traders can deposit and withdraw funds to their TP Global FX accounts via Bitcoin, Wire Transfer, and USDT. Wire transfers require a minimum deposit of $1000, otherwise, a fee will be incurred.Fees As TP Global FX is an unregulated and illegal broker, it is not recommended to open an account with them. It is important to note that unregulated brokers may charge hidden fees and commissions, and there is no protection for clients in case of fraudulent activity. It is recommended to choose a reputable and regulated broker with transparent fee structures to ensure the safety of your funds. See the fee comparison table below:BrokerDeposit FeeWithdrawal FeeInactivity FeeTP Global FXNo feesNo fees$10/monthFXTMNo feesNo fees$5/monthAvaTradeNo fees$3.5 + 0.5%$50/quarterIGNo feesNo fees$12/monthUser Exposure on WikiFX On our website, you can see that some users have reported scams and unable to withdraw. Please be aware and exercise caution when investing. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section. We would appreciate it and our team of experts will do everything possible to solve the problem for you. Customer Service TP Global FX provides clients with a client support team who are available 24/5 and can be reached via telephone (+44 7441 416320), email (support@tpglobalfx.com), and social media such as Twitter, Facebook, Instagram, YouTube and LinkedIn. Conclusion Based on the verified reports of TP Global FX being a scam broker, it is strongly advised to avoid trading with them. While they may offer competitive trading conditions and a low minimum deposit requirement, the risk of being unable to withdraw funds or falling victim to fraudulent practices far outweighs any potential benefits. It is important to always do thorough research before choosing a broker to trade with, and to only select reputable and regulated brokers.Frequently Asked Questions (FAQs)Q 1:Is TP Global FX regulated?A 1:No. It has been verified that this broker currently has no valid regulations.Q 2:Does TP Global FX offer the industry-standard MT4 & MT5?A 2:Yes. Both MT4 and MT5 are available at TP Global FX。Q 3:What is the minimum deposit for TP Global FX?A 3:The minimum initial deposit to open an account is $50.Q 4:Is TP Global FX a good broker for beginners?A 4:No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website and too many negative reviews.

TP Global FX broker review

Is TP Global FX safe or scam

Rating Index

Pro

Minimum Deposit

$500

Institutional

Minimum Deposit

$25000

How to login to TP Global FX?

tp global fx Complete Account Guide: Registration, Account Opening, and Login Processes Part One: Account Registration Process How to Register a tp global fx Account Registering for a tp global fx account is a straightforward process that allows you to access a wide range of trading options. Follow

TP Global FX Forex Broker - Complete Information Guide

1. Broker Overview

　　TP Global FX, officially known as TP Global Services Limited, was established in 2017. The company is headquartered in Port Vila, Vanuatu, with additional offices in Dubai, Cyprus, Mauritius, Armenia, and Nigeria. It operates as a private entity, focusing on providing trading services in the forex and CFD markets.

　　The primary market served by TP Global FX includes retail traders looking for access to various financial instruments, including forex, commodities, indices, and cryptocurrencies. The broker aims to cater to both novice and experienced traders, offering a range of account types and trading conditions.

　　Since its inception, TP Global FX has sought to innovate within the forex industry, emphasizing transparency and technological advancement. One of its significant milestones includes the launch of its proprietary trading platform, which enhances user experience and trading efficiency. The broker operates under a Straight Through Processing (STP) model, ensuring that client orders are executed directly with liquidity providers, thereby minimizing conflicts of interest.

　　As a forex broker, TP Global FX provides services tailored to individual traders and institutional clients, focusing on delivering competitive pricing and a diverse range of trading products.

2. Regulatory and Compliance Information

　　TP Global FX claims to be regulated by the Vanuatu Financial Services Commission (VFSC) and is registered under the number 40409. Additionally, it is listed with the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA), holding the registration number 25274 BC 2019. However, it is essential to note that the regulatory environment in these jurisdictions is often considered less stringent compared to top-tier regulators like the FCA in the UK or ASIC in Australia.

　　The broker has stated that it adheres to Know Your Customer (KYC) and Anti-Money Laundering (AML) regulations, ensuring that client identities are verified and funds are safeguarded. Client funds are reportedly held in segregated accounts, providing an additional layer of security against potential financial difficulties faced by the broker.

　　However, it is crucial for potential clients to conduct thorough due diligence, as many offshore brokers operate in a regulatory grey area, and TP Global FX has faced scrutiny regarding its legitimacy and operational practices.

3. Trading Products and Services

　　TP Global FX offers a diverse array of trading products, catering to various market preferences. The broker provides access to over 150 trading instruments, including:

Forex Pairs: A wide range of currency pairs, including major, minor, and exotic pairs.
CFDs on Indices: Traders can speculate on major global indices.
Commodities: Trading options include precious metals like gold and silver, as well as energy products.
Cryptocurrencies: The broker offers trading in popular cryptocurrencies, allowing clients to capitalize on market volatility.

　　The introduction of new products is frequent, as TP Global FX seeks to expand its offerings based on market demand and trader feedback. The broker also provides retail trading services, enabling individuals to engage in speculative trading, while institutional clients can benefit from tailored solutions.

　　While TP Global FX does not currently offer investment management services such as PAMM accounts, it does provide educational resources and trading tools to help clients enhance their trading strategies.

4. Trading Platforms and Technology

　　TP Global FX supports two of the industry's leading trading platforms: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their user-friendly interfaces and advanced trading capabilities, including:

Automated Trading: Both platforms support Expert Advisors (EAs), allowing traders to automate their trading strategies.
Advanced Charting Tools: Users can access a wide range of technical indicators and charting options for in-depth market analysis.

　　In addition to MT4 and MT5, TP Global FX has developed its proprietary trading platform, known as TPG Trader, which is designed for retail traders and institutional clients alike. This platform offers features such as:

Direct Market Access: Traders can execute orders directly from charts.
Market Analysis Tools: Integrated tools for tracking market movements and making informed trading decisions.

　　The broker provides a mobile trading application compatible with both iOS and Android devices, ensuring that clients can manage their accounts and execute trades on the go. The execution model is primarily STP, which enhances order execution speed and reliability.

5. Account Types and Trading Conditions

　　TP Global FX offers several account types tailored to different trading needs:

Standard Account: Minimum deposit of $50, spreads starting from 0.1 pips, and no commission.
Pro Account: Requires a minimum deposit of $500, with spreads from 0.2 pips and a commission of $15 per lot.
Institutional Account: Aimed at advanced traders, this account requires a minimum deposit of $25,000, with spreads starting from 0.1 pips and a commission of $8 per lot.

　　All account types offer leverage up to 1:500, allowing traders to amplify their positions. The minimum trade size is 0.01 lots, and overnight fees are applicable based on the account type and market conditions.

　　TP Global FX also provides swap-free Islamic accounts, catering to traders who require compliance with Islamic finance principles.

6. Fund Management

　　TP Global FX supports multiple deposit methods, including:

Bank Transfers
Credit/Debit Cards
Cryptocurrencies (Bitcoin and Tether)

　　The minimum deposit requirement is $50 for the standard account. While there are no deposit fees, withdrawals have specific conditions. For bank transfers, a minimum withdrawal of $1,000 is required, with fees applicable for amounts below this threshold.

　　Withdrawal processing times vary, with cryptocurrency transactions generally taking 12 to 24 hours and bank transfers taking up to 6 working days. TP Global FX does not charge withdrawal fees, but third-party fees may apply.

7. Customer Support and Educational Resources

　　TP Global FX emphasizes customer support, offering multiple channels for assistance, including:

Email Support: Clients can reach out via email, with response times typically within 1-3 days.
Live Chat: Available during business hours, providing instant support.
Social Media: Active on platforms like Facebook and Twitter for updates and market analysis.

　　The broker also provides a range of educational resources, including webinars, tutorials, and market analysis reports, aimed at enhancing traders' knowledge and skills.

8. Regional Coverage and Restrictions

　　TP Global FX primarily serves clients in various regions, including India, Turkey, and the United Arab Emirates. However, it does not accept clients from the United States and other restricted jurisdictions. The broker's offices are strategically located to support its global clientele, but potential clients should verify their eligibility based on local regulations.

　　In summary, while TP Global FX offers a variety of trading products and competitive conditions, potential clients should be cautious due to its offshore regulatory status and the associated risks. It is advisable to conduct thorough research and consider alternative brokers with stronger regulatory oversight for a safer trading experience.

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