Tshan Markets foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://user.tshanmarket.com/#/user/register, about the company's legal and temporary regulatory information, the company's address SUITE 135, 78 GAWLER PLACE, ADELAIDE, SA, 5000.
Tshan Markets Forex Broker
Basic information
Australia
1-2 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Tshan Markets Information
Tshan Markets is a newly founded brokerage company located in Ausspanalia since Jun 2024. It offers a wide range of tradable assets to global clients, these include currencies, stocks, indices, cryptos and commodities. The company offers demo accounts and relative competitive trading conditions: spread start from 0.0 pips and no commission fees.
However, it should not be neglected that the broker currently operates without any supervision from any recognized regulatory bodies.
Pros and Cons
Is Tshan Markets Legit?
The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.
What Can I Trade on Tshan Markets?
Tshan Markets provides a wide selection of trading instruments, including over 120 stocks, 23+ indices, and 19 commodities. Additionally, the platform also offers access to 60 currency pairs and 5 cryptocurrencies.
| Tradable Instruments | Supported |
| Forex | ✔ |
| Commodities | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Shares | ✔ |
| ETFs | ❌ |
| Bonds | ❌ |
| Mutual Funds | ❌ |
Account Type/Leverage/Spread & Commission
Tshan Markets offers a demo account with virtual funds for traders to practice first without losing real money before they tap into actual trading.
A STP account is also available with efficient trading conditions: tight spread from 0 pips and charges no trading commission. Such fee structure reduces trading costs significantly so that traders can keep more of their profits.
Leverage is up to 1:500, but it should be used cautiously to manage potential risks.
However, it is worth noting that the specifics of initial deposit requirements are not disclosed, which could be a consideration for prospective traders.
Trading Platform
Tshan Markets offers a proprietary trading platform that is available to use on webterminal, iOS and Android devices.
The Tshan Markets app provides a customizable and fast-executing experience, allowing you to manage trades and execute orders directly from your phone with ease.
Moreover, you can trade over a hundred popular CFDs on this platform with just a click, benefiting from a clean and clutter-free design.
Deposit & Withdrawal
You can fund with this broker through several methods: CryptoPay, Wire Transfer, truemoney wallet, UnionPay and LocalPayment.
The platform claims to supports all banks, witth daily capital injection limit subject to the limit set by trader's bank. Processing time for deposits and withdrawals via banks is within 1 to 5 working days.
Customer Support Options
| Contact Options | Details |
| Phone | +61 401100552 |
| support@tshanmarket.com | |
| Support Ticket System | ❌ |
| Online Chat | ❌ |
| Social Media | ❌ |
| Supported Language | English |
| Website Language | English |
| Physical Address | SUITE 135, 78 GAWLER PLACE, ADELAIDE, SA, 5000 |
The Bottom Line
Tshan Markets is a brokerage company who offers a wide range of financial instruments for its clients. The demo account allows traders to practice their trading strategies and zero commission structure ensures cost-effective trades, espcially for frequent traders. However, the absence of regulation implies less compliance to financial rules and customer protection. So carefully weigh the pros and cons of the broker and ensure you can accept all the drawbacks before you decide to trade with them.
FAQs
Is Tshan Markets safe?
No, we cannot say that the broker is safe due to the lack of regulation.
Is Tshan Markets good for beginners?
No, though the broker offers demo accounts for testing and does not charge trading commissions, it's still not suitable for beginners because it does not provide transparent trading conditions.
What trading platform does Tshan Markets have?
Tshan Markets offers a proprietary platform available on web and mobile devices.
Risk Warning
Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.
Rating Index
Tshan Markets Similarly Rated Brokers
國文
Taiwan
After singing on the Huan Ge Live platform for a week, someone messaged me privately and we started chatting. After a week, we added each other on Line. This person, who claimed to be Mr. Chen from Hong Kong, said he was in the daily necessities business and also invested in international gold. Since I personally buy physical gold, I had some understanding that international gold prices were likely to rise. He then asked me to download an app on my iPhone, and he would call me daily if there were appropriate trading points. He would instruct me when to buy and then sell shortly after when a profit was made, essentially closing the position. One day, the company emailed me about a promotion where depositing $50,000 could earn a bonus of $8,800 USDT. At that time, I didn't know that if I didn't deposit the $50,000 as scheduled, my account would be frozen and the funds in it couldn't be used. This was only explained to me by customer service when I tried to withdraw my funds. I wasn’t aware of this no-withdrawal rule because it wasn’t clearly stated during the promotion. Then I discussed this issue with Mr. Chen. Once he showed me his trading profits which were several million in principal, to prevent my account from being frozen, Mr. Chen transferred funds twice through customer service into my coin address account—once $40,000 USDT and once $30,000 USDT. The customer service told me that once my reserved funds were sorted out, I could withdraw without mentioning any tax requirements. However, when I was ready to actually withdraw the funds, they told me I had to pay 20% corporate tax or else I wouldn’t be able to make any withdrawals and even restricted me to complete this tax payment within three days totaling $23,000 USDT because all my principal was still in the account. I am now retired and don't have the money to pay these taxes.
Exposure
2024-11-22