TG Capital Forex Broker provides real users with 1 positive reviews, * neutral reviews and * exposure review!
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I invested a few thousand with them and made a couple of hundred in a few months. As I had bad experiences with some other trading platforms I was really sceptical about this, but so far my broker is performing decently.
Tg Capital has emerged as a controversial player in the forex trading landscape, with a mix of user experiences and expert analysis highlighting significant concerns. While some users appreciate the platform's user-friendly interface and customer service, many others have reported alarming issues related to withdrawal difficulties and regulatory compliance. This review synthesizes various sources to provide a comprehensive overview of Tg Capital.
Note: The lack of regulation and the offshore status of Tg Capital, based in the Marshall Islands, raises significant red flags regarding the safety of funds and overall trustworthiness. The information provided here is based on multiple sources to ensure a fair and accurate assessment.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 5 |
| Overall | 4.2 |
We assess brokers based on user feedback, expert analysis, and factual data to provide a balanced perspective.
Founded in 2023, Tg Capital operates under the ownership of Mgrad Ltd, registered in the Marshall Islands. The broker claims to offer various trading services, including forex, commodities, stocks, and cryptocurrencies. However, it lacks regulation from any recognized financial authority, which is a significant concern for potential investors. Tg Capital uses a proprietary web-based trading platform, which, while functional, does not match the advanced capabilities offered by industry-standard platforms like MetaTrader 4 or 5.
Tg Capital operates without any regulatory oversight, which is a major red flag. According to sources, it is not listed under any recognized regulatory bodies such as FCA, ASIC, or CySEC. This lack of regulation means that clients have no protection for their funds and are at risk of losing their investments without recourse.
The minimum deposit required to open an account with Tg Capital is €250, which is higher than many regulated brokers that offer accounts for as little as $10. While the platform accepts various payment methods, including credit cards, wire transfers, and cryptocurrencies, there are significant hurdles when it comes to withdrawing funds. Users have reported extensive delays and difficulties in accessing their money, which is a common tactic employed by unregulated brokers to retain client funds.
Tg Capital offers a spread starting at 1.2 pips, which is relatively high compared to other brokers that maintain spreads below 1 pip. The leverage offered is up to 1:100, which can be risky for inexperienced traders. The platform does not provide a demo account, which limits the ability for potential clients to test the waters before committing real money.
The broker claims to offer a range of trading instruments, including major and minor currency pairs, commodities, indices, shares, and cryptocurrencies. However, there is little transparency regarding the specific assets available for trading, which raises concerns about the broker's overall reliability.
Tg Capital provides customer support via email and phone, but users have noted that once they deposit funds, communication tends to dwindle. Many complaints focus on the lack of responsiveness from customer service, especially when clients attempt to withdraw their funds. This inconsistency in support raises questions about the broker's commitment to customer satisfaction.
| Category | Rating (out of 10) |
|---|---|
| Account Conditions | 3 |
| Tools and Resources | 5 |
| Customer Service and Support | 6 |
| Trading Setup (Experience) | 4 |
| Trustworthiness | 2 |
| User Experience | 5 |
| Overall | 4.2 |
In conclusion, the Tg Capital review reveals a broker fraught with issues, particularly concerning regulatory compliance and user trust. Potential investors should exercise caution and consider these factors before engaging with the platform.
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