TTS Markets, officially known as TTS Markets Limited, was established in 2016. The company is headquartered in Belize, with regional offices located in London, Hong Kong, and Dubai. TTS Markets operates as a private entity, providing a range of trading services primarily aimed at retail clients, including individual traders and investors looking to access the forex and cryptocurrency markets.
Since its inception, TTS Markets has aimed to offer a diverse array of financial instruments and trading options. Initially, the broker was well-received, with no significant negative feedback reported. However, starting from 2019, the company began to face various operational challenges, including complaints regarding high spreads, unstable platform performance, and inadequate customer support. Over time, issues escalated to include payment problems, leading to withdrawal delays and account blockages. This culminated in the eventual shutdown of the TTS Markets website and failure to return clients' funds.
TTS Markets operates on an ECN/STP (Electronic Communication Network/Straight Through Processing) model, facilitating direct market access for its clients. The broker provides access to a multitude of trading instruments, including currencies, cryptocurrencies, indices, metals, and energy resources. Traders can choose from seven different account types, including standard, professional, Islamic, cent, and demo accounts, catering to a wide range of trading preferences and strategies.
TTS Markets is regulated by the Financial Services Commission (FSC) of the British Virgin Islands. However, the broker has faced scrutiny regarding its regulatory status, with multiple reports indicating that it may not be fully compliant with the stringent requirements typically expected from licensed brokers. As of now, TTS Markets does not have a valid forex broker license, which raises significant concerns regarding the safety of client funds.
The broker's regulatory license number is not publicly disclosed, and there is uncertainty surrounding the effective period and scope of its regulatory oversight. TTS Markets claims to adhere to the Know Your Customer (KYC) and Anti-Money Laundering (AML) compliance measures, but detailed information on these policies is not readily available.
Client funds are reportedly kept in segregated accounts, which is a standard practice among regulated brokers to ensure the safety of investors' capital. However, the absence of a robust regulatory framework means that investors might not have access to an investor compensation fund, which typically provides additional security for traders in case of broker insolvency.
TTS Markets offers a diverse range of trading products, including over 40 currency pairs for forex trading. Major currency pairs available for trading include EUR/USD, GBP/USD, and USD/JPY, among others. Additionally, the broker provides access to CFDs (Contracts for Difference) on various asset classes, including indices, commodities, cryptocurrencies, and metals.
The broker's product offerings are updated periodically, although specific details on the frequency of updates and the introduction of new trading instruments are not disclosed. TTS Markets primarily serves retail clients, providing them with direct access to the forex market and an array of trading tools designed to enhance their trading experience.
While TTS Markets does not explicitly mention the availability of institutional services or white-label solutions, it does cater to a broad customer base, including traders who seek a reliable platform for retail trading.
TTS Markets supports two of the most popular trading platforms in the forex industry: MetaTrader 4 (MT4) and MetaTrader 5 (MT5). These platforms are known for their user-friendly interfaces and robust trading features, making them suitable for both novice and experienced traders. The broker does not appear to offer a proprietary trading platform, which may limit some advanced trading functionalities available through custom-developed solutions.
The MT4 and MT5 platforms are accessible via desktop and mobile applications, supporting both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. The broker utilizes a market-making execution model, which facilitates faster trade execution and access to real-time market data.
TTS Markets also provides VPS (Virtual Private Server) hosting services to enhance trading performance, particularly for clients who utilize automated trading strategies. The broker's server infrastructure is designed to ensure stability and reliability, which are critical for traders relying on expert advisors (EAs) and algorithmic trading.
TTS Markets offers a variety of account types tailored to different trading needs. The accounts include:
The minimum trade size across all accounts is 0.01 lots, and the broker does not charge overnight fees, although swap rates may apply to positions held overnight.
TTS Markets supports several deposit methods to facilitate client transactions, including:
The minimum deposit requirement varies by account type, with the Cent Account requiring only $1, while the Pro Account necessitates a minimum deposit of $1,000. Deposits are typically processed quickly, with no fees charged for deposits.
Withdrawal methods mirror those used for deposits, ensuring a smooth transaction process. Withdrawal processing times may vary depending on the method chosen, with e-wallet withdrawals generally being instantaneous, while bank transfers may take 2 to 5 business days.
TTS Markets does not impose withdrawal fees, which is a positive aspect for traders looking to manage their funds efficiently.
TTS Markets provides various customer support channels, including:
Customer support is available 24/5, covering major time zones to assist clients from different regions. The broker offers support in English, which may limit accessibility for non-English speaking clients.
In terms of educational resources, TTS Markets provides access to market analysis, trading signals, and various trading tools, including economic calendars and calculators. However, the depth and breadth of educational content, such as webinars or tutorials, are not thoroughly detailed in the available information.
TTS Markets primarily serves clients in regions where forex trading is popular, including Europe, Asia, and the Middle East. The broker has offices in key financial hubs, facilitating its global reach.
However, the broker does not explicitly list countries or regions from which it does not accept clients. It is advisable for prospective clients to contact customer service to confirm eligibility based on their location.
In summary, TTS Markets presents itself as a broker with a wide range of trading products and favorable conditions for retail clients. However, potential users should be cautious due to the lack of robust regulatory oversight and the challenges faced in recent years. Always conduct thorough due diligence before engaging with any trading platform.
FX1447259776
Philippines
So, I've traded on a bunch of different accounts with TTS Markets, and overall, it's been a decent experience. I've tried the mini account, the classic account, and the professional account, and I have to say that the professional account was the best. The spreads were super tight, and my account manager was a total pro. That being said, it's always important to do your own research and be cautious when it comes to trading platforms.
37130
2023-03-27