TASS Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Thank you, I learned to use the platform and I started to win money, At the beginning it was difficult for me but with the demo account, the technical and fundamental analysis, the news and the support from TASS it was a great help.
In the ever-evolving landscape of forex trading, TASS has emerged as a broker that raises both interest and caution among traders. While TASS offers a range of trading instruments and high leverage options, its unregulated status and mixed reviews from users warrant a closer look. This review consolidates various insights about TASS, highlighting its features, pros and cons, and user experiences.
Note: It's essential to recognize that TASS operates under different entities across regions, which may impact its regulatory compliance and user experience. This review aims to provide a balanced view based on available information.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Features | 4 |
How We Rate Brokers: Ratings are based on a comprehensive analysis of user experiences, expert opinions, and factual data gathered from multiple sources.
Founded in July 2020, TASS is registered in Saint Vincent and the Grenadines and operates without valid regulatory oversight, which raises significant concerns regarding its trustworthiness. The broker primarily offers the MT5 trading platform, which is favored for its advanced features compared to its predecessor, MT4. TASS provides access to various asset classes, including currencies, metals, cryptocurrencies, and stock indices. However, the lack of regulation is a critical factor that potential traders should consider.
Regulated Regions/Areas:
TASS operates as an unregulated broker, which means it does not adhere to the stringent oversight typical of regulated entities. This unregulated status can expose traders to higher risks, as there is no governing body to ensure the safety of funds or fair trading practices.
Deposit/Withdrawal Methods:
TASS supports various payment options, including cryptocurrencies like USDT, along with traditional methods such as Visa and Mastercard. However, specific details regarding minimum deposits and withdrawal processes are not clearly stated on their website, which can lead to confusion among users.
Minimum Deposit:
The exact minimum deposit requirement for opening an account with TASS is not explicitly mentioned, which can be a red flag for potential traders seeking transparency.
Bonuses/Promotions:
There is no mention of specific bonuses or promotions offered by TASS, which is not unusual for unregulated brokers. Many regulated brokers provide attractive bonuses to entice new customers, but TASS appears to focus more on its trading conditions.
Tradeable Asset Classes:
Traders can engage in a variety of markets, including forex pairs, metals, cryptocurrencies, and stock indices. However, the absence of shares, ETFs, bonds, and mutual funds may limit investment options for some traders.
Costs (Spreads, Fees, Commissions):
While TASS claims to offer competitive spreads, specific details regarding these spreads and any additional fees are not disclosed. The commission structure starts from 0.002%, depending on volume, but the lack of clarity can be concerning for traders who prefer transparency in costs.
Leverage:
TASS offers leverage up to 1:500, which can be appealing for experienced traders looking to maximize their trading potential. However, high leverage also means increased risk, especially for inexperienced traders.
Allowed Trading Platforms:
The primary trading platform available is MT5, which is known for its advanced trading capabilities. Users can access MT5 on desktop (Windows, macOS, Linux) and mobile (iPhone, Android), allowing for flexibility in trading.
Restricted Regions:
Due to its unregulated status, TASS may not cater to specific regions or countries, which can limit access for some traders. Its advisable for potential users to verify their eligibility based on their jurisdiction.
Available Customer Service Languages:
Customer support is available in both Russian and English, with communication options including email and WhatsApp. However, the support hours are limited to weekdays, which may not be suitable for traders who require 24/7 assistance.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 5 |
| Tools and Resources | 6 |
| Customer Service and Support | 4 |
| Trading Setup (Experience) | 6 |
| Trustworthiness | 3 |
| User Experience | 5 |
| Additional Features | 4 |
Account Conditions:
The account conditions at TASS are average, with limited information on minimum deposits and account types. The lack of clarity can deter potential traders who prefer clear guidelines.
Tools and Resources:
While TASS offers the MT5 platform, which is a robust trading tool, the absence of additional resources such as educational materials or trading tools can be a drawback for novice traders.
Customer Service and Support:
Customer service has received mixed reviews, with some users reporting slow response times. The limited support hours may not cater to all traders, particularly those in different time zones.
Trading Setup (Experience):
The trading experience on the MT5 platform is generally positive, with users appreciating its advanced features. However, the unregulated nature of TASS raises concerns about the overall trading environment.
Trustworthiness:
TASSs unregulated status significantly impacts its trust rating, with many users expressing concerns about the safety of their funds. This aspect is crucial for traders considering TASS as their broker.
User Experience:
User experiences vary, with some traders reporting successful trades, while others express caution due to the broker's lack of regulation. This dichotomy reflects the need for potential users to conduct thorough research before committing.
In conclusion, while TASS presents itself as a viable option for forex trading, its unregulated status and mixed user reviews highlight the importance of caution. Potential traders should carefully assess their risk tolerance and consider the lack of regulatory oversight before engaging with TASS.
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