TUBNOW foreign exchange brokers specializing in providing foreign exchange trading services, the company's official website https://www.tubnow.com/en/index.htm, about the company's legal and temporary regulatory information, the company's address .
TUBNOW Forex Broker
Basic Information
China
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskCompany profile
Rating Index
TUBNOW Forex Broker - Complete Information Guide
1. Broker Overview
TUBNOW, a forex broker established in China, has been operational for approximately 1-2 years. The company is privately owned and primarily caters to the Chinese market, focusing on retail forex trading. As a relatively new entrant in the forex industry, TUBNOW has quickly gained attention for its diverse range of trading instruments and competitive trading conditions.
The broker offers various account types, including demo, standard, and VIP accounts, to accommodate traders with different experience levels. TUBNOW has made significant strides in its development, aiming to provide a user-friendly trading experience through its platform and services. The company operates as a white-label broker, utilizing the popular MetaTrader 4 (MT4) trading platform to deliver its services.
TUBNOW's business model is centered around retail forex trading, CFDs, and cryptocurrencies, allowing clients to access a wide array of financial markets. The broker's commitment to providing a comprehensive trading experience is evident in its competitive spreads, high leverage options, and 24/7 customer support.
2. Regulatory and Compliance Information
TUBNOW operates as an unregulated broker, which raises concerns regarding its legitimacy and credibility. The absence of oversight from reputable financial regulators means that TUBNOW does not have a valid regulatory license to operate in the financial markets. This lack of regulation is a significant risk factor for potential clients, as it implies limited protection for traders' funds and a lack of recourse in case of disputes.
As an unregulated entity, TUBNOW does not adhere to the strict financial standards typically imposed by regulatory bodies. Consequently, the broker does not offer investor compensation schemes or maintain segregated client accounts, which are essential for safeguarding client funds. Additionally, TUBNOW claims to implement Know Your Customer (KYC) and Anti-Money Laundering (AML) measures, although the effectiveness of these policies cannot be independently verified due to the absence of regulatory oversight.
Traders considering TUBNOW should be aware of the risks associated with trading through an unregulated broker and may want to prioritize safety by choosing regulated alternatives.
3. Trading Products and Services
TUBNOW offers a diverse range of trading products, including forex currency pairs, CFDs on stocks, commodities, indices, and cryptocurrencies. The broker provides access to a variety of major and minor currency pairs, catering to the needs of different traders. The specific number of forex pairs available is not disclosed, but the broker's focus on the Chinese market suggests a selection tailored to local trading preferences.
In addition to forex, TUBNOW includes CFDs on various asset classes, allowing traders to speculate on price movements without owning the underlying assets. The inclusion of cryptocurrencies also reflects the broker's commitment to providing modern trading options, appealing to both traditional and emerging asset classes.
TUBNOW updates its product offerings regularly, although detailed information on new instruments is not publicly available. The broker primarily targets retail clients, but it may also offer institutional services and white-label solutions to enhance its market presence.
4. Trading Platforms and Technology
TUBNOW utilizes the widely recognized MetaTrader 4 (MT4) platform, which is known for its user-friendly interface and robust trading tools. The MT4 platform supports various trading strategies, including automated trading through Expert Advisors (EAs), making it a popular choice among traders.
In addition to MT4, TUBNOW may offer MetaTrader 5 (MT5) as part of its trading solutions, although specific details about this platform are not confirmed. The broker provides a web-based trading platform, enabling clients to trade directly from their browsers without the need for software installation.
Mobile trading is supported on both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go. TUBNOW's trading infrastructure includes reliable server locations to ensure fast order execution and minimal downtime.
The broker also offers API access for automated trading solutions, catering to algorithmic traders who prefer to implement their strategies programmatically.
5. Account Types and Trading Conditions
TUBNOW provides several account types to accommodate different trading preferences. The standard account requires a minimum initial deposit of $250, with a maximum leverage of 1:500. The VIP account, designed for more experienced traders, offers a higher leverage of up to 1:1000, along with additional benefits such as personalized customer support.
The average spread for the EUR/USD currency pair is 0.7 pips, which is competitive compared to other brokers in the market. However, TUBNOW charges a commission of $3 per lot, which traders should consider when evaluating overall trading costs.
The broker also offers a demo account, allowing new traders to practice their skills without risking real money. TUBNOW's leverage options provide traders with the potential to amplify their profits, but it is crucial to note that high leverage also increases the risk of significant losses.
6. Fund Management
TUBNOW supports various deposit and withdrawal methods, including credit cards, debit cards, bank transfers, and e-wallets. The minimum deposit requirement for all account types is $250, ensuring that traders can start with a manageable investment.
Deposit processing times are generally quick, with most transactions being completed within a few hours. However, specific details on deposit fees are not disclosed, and traders should verify these costs before funding their accounts.
Withdrawal methods include the same options as deposits, but TUBNOW may impose certain limits on withdrawal amounts. The processing time for withdrawals can vary, typically taking between 1-3 business days. Traders should also be aware of any potential withdrawal fees that may apply.
7. Customer Support and Educational Resources
TUBNOW offers customer support through multiple channels, including phone, email, live chat, and social media. The support team is available 24/7, catering to clients in different time zones and ensuring prompt assistance with any inquiries.
The broker provides support in multiple languages, reflecting its focus on the Chinese market and the diverse needs of its clients. Educational resources include webinars, tutorials, and articles designed to help traders improve their skills and stay informed about market trends.
TUBNOW also offers market analysis services, providing daily insights, news updates, and research reports to assist traders in making informed decisions. Additionally, the broker supplies various trading tools, including calculators and economic calendars, to enhance the trading experience.
8. Regional Coverage and Restrictions
TUBNOW primarily serves the Chinese market, with a focus on retail clients seeking forex and CFD trading opportunities. The broker's regional offices are located in China, reinforcing its commitment to the local market.
However, TUBNOW may impose restrictions on clients from certain countries due to regulatory considerations. Specific details regarding the countries from which clients are not accepted are not provided, so potential traders should contact the broker directly for clarification.
In summary, TUBNOW broker presents a range of trading products and services tailored to the needs of retail clients, particularly in the Chinese market. However, the lack of regulation raises concerns regarding the safety and legitimacy of trading with this broker. Potential clients should carefully evaluate their options and consider the risks associated with unregulated brokers before deciding to trade with TUBNOW.
TUBNOW Similar Brokers
Latest Reviews
呵呵哒y
Hong Kong
A month ago, I entered an communication platform and said that it was discussing stocks. Among them, a teacher commented on various stocks and recommended us to buy them. Later, he said that the stock market fell and it was not easy to trade so he led us to the currency market and opened an account to lead people trade bitcoin. I deposited 140,000 RMB successively. The teacher called the order, and we copied it. Although we made money and the account balance was rich, I never succeeded in withdrawing money. The withdrawal process keep displaying processing. Even it is approved, the account has not been debited and no remittance has been received.
Exposure
2022-01-26
呵呵哒y
Hong Kong
Inadvertently entered a group, the teacher named Chen explained stocks, and then said that there is a Vanke competition, let us listen to the live broadcast and vote. The first place has the control of 2 billion funds. Later, he said that the domestic market was not good, so we switched to Bitcoin. An assistant taught us to download MT5, open an account with the dealer (TUBNOW), and induce deposit to operate Bitcoin. First, they showed Bitcoin trading to make money, and then formed a team. Depending on how many fund are used for different level. The higher-level ones have more orders, and the lower-level ones have fewer orders. Let us think of all possible ways to increase capital deposits. I applied for a withdrawal in the middle of the process. The assistant said that there were too many people and I needed to queue up at the bank. They told me to cancel the application first and applied later. After a week, I applied again and it kept displaying in processing. Now, the broker website cannot be opened and cannot contact the so-called teachers and assistants, I have deposited 140,000 yuan in succession. It’s so hateful. All my savings and borrowed funds have been lost, and I have nowhere to go! ! Stay away, stay away, stay away! !
Exposure
2022-01-28