Tassman Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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Tassman provides a really outstanding formation service. Their educational resources are very rich and of high quality, and their customer service staff is also very patient and professional. I am very grateful for the help this company provided in my forex trading. Thank you, Tassman! I hope we can still be together in the future.
Tassman, an offshore forex broker, has garnered significant attention in the trading community, but not all of it is positive. This review synthesizes various sources to provide a comprehensive overview of the broker's offerings, user experiences, and expert opinions. Key findings indicate that while Tassman offers a wide range of trading instruments, its lack of regulation and transparency raises serious concerns for potential traders.
Note: Its crucial to consider that Tassman operates under different entities in various regions, which can significantly affect user experiences and regulatory oversight. This review aims to present a balanced view based on multiple sources for fairness and accuracy.
| Criteria | Score (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 4 |
| Customer Service and Support | 2 |
| Trading Setup (Experience) | 3 |
| Trustworthiness | 1 |
| User Experience | 2 |
| Regulatory Compliance | 1 |
We evaluate brokers based on a variety of factors, including user feedback, expert analysis, and factual data.
Founded between 2 to 5 years ago, Tassman is based in the United Kingdom and claims to provide a comprehensive trading platform for forex pairs, indices, shares, ETFs, commodities, precious metals, futures, bonds, and cryptocurrencies. However, it is essential to note that the broker is not regulated by any recognized financial authority, which raises significant concerns regarding its legitimacy and safety for traders. The broker claims to offer the proprietary FX6 trading platform, but there is no support for industry-standard platforms like MT4 or MT5, which many traders prefer.
Tassman is not regulated by any major financial authorities, such as the FCA or ASIC. This lack of oversight is a significant red flag, as it means that traders have little to no recourse if something goes wrong. According to WikiFX, the broker's regulatory index stands at 0.00, indicating a complete absence of valid regulatory information. User reviews consistently echo concerns about the broker's legitimacy, with many suggesting it may operate as a scam.
Tassman primarily accepts deposits in cryptocurrencies, specifically USD Tether (USDT). While the broker mentions bank transfers, this option reportedly requires direct contact with customer support, complicating the process for traders. The lack of traditional payment methods raises further concerns about the brokers reliability. According to Scamadviser, the trust score for Tassman is very low, indicating a high risk of fraud.
The minimum deposit requirement is not disclosed on the broker's website, which is another point of concern. Many reputable brokers typically allow traders to start with a minimum deposit of around $250. The absence of this information could deter potential traders who are looking for transparency.
Tassman does not appear to offer any significant bonuses or promotions, which is consistent with feedback from various sources. Many users have reported that brokers like Tassman often have hidden terms and conditions related to bonuses, making it difficult to withdraw funds once deposited.
Tassman offers a wide range of tradable assets, including forex pairs, indices, shares, ETFs, commodities, precious metals, futures, bonds, and cryptocurrencies. However, the lack of regulatory oversight raises questions about the safety of trading these instruments on their platform.
The broker offers a spread of 1.0 pips for the EUR/USD currency pair, but details regarding commissions and other fees are not readily available. Traders are advised to contact the broker directly for a full understanding of the cost structure. The absence of transparent fee information is a common complaint among users, as highlighted in multiple reviews.
Tassman offers leverage of up to 1:100. While this can amplify potential profits, it also increases the risk significantly. Traders should approach leveraged trading with caution and ensure they understand the associated risks.
The only trading platform offered by Tassman is its proprietary FX6 platform. This platform is not widely recognized in the trading community, and many traders prefer established platforms like MT4 or MT5. The lack of these options may limit the trading experience for many users, as noted in reviews from ForexBrokerz.
Tassman does not clearly specify any restricted regions on its website, which can lead to confusion for potential users. However, the general consensus is that trading with unregulated brokers poses inherent risks, regardless of geographical location.
Customer support appears to be limited, with users reporting difficulties in reaching the broker for assistance. The primary mode of communication is through email, and there are no indications of multilingual support, which could be a barrier for non-English speaking traders.
In summary, the Tassman review indicates that potential traders should exercise extreme caution when considering this broker. The lack of regulation, transparency, and reliable customer support raises significant concerns about the safety of trading with Tassman. While the broker offers a variety of trading instruments and a proprietary platform, the overall user experience appears to be fraught with risks. Individuals are encouraged to explore alternative, regulated options that prioritize transparency and security.
For those already trading with Tassman, it may be wise to cease further deposits and consider seeking regulated alternatives to safeguard investments.
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