Tshan Markets Broker Review

Tshan Markets Review 1

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I was cheated and cannot withdraw the money. I also have to pay taxes. I don't have any money. Please help me.

After singing on the Huan Ge Live platform for a week, someone messaged me privately and we started chatting. After a week, we added each other on Line. This person, who claimed to be Mr. Chen from Hong Kong, said he was in the daily necessities business and also invested in international gold. Since I personally buy physical gold, I had some understanding that international gold prices were likely to rise. He then asked me to download an app on my iPhone, and he would call me daily if there were appropriate trading points. He would instruct me when to buy and then sell shortly after when a profit was made, essentially closing the position. One day, the company emailed me about a promotion where depositing $50,000 could earn a bonus of $8,800 USDT. At that time, I didn't know that if I didn't deposit the $50,000 as scheduled, my account would be frozen and the funds in it couldn't be used. This was only explained to me by customer service when I tried to withdraw my funds. I wasn’t aware of this no-withdrawal rule because it wasn’t clearly stated during the promotion. Then I discussed this issue with Mr. Chen. Once he showed me his trading profits which were several million in principal, to prevent my account from being frozen, Mr. Chen transferred funds twice through customer service into my coin address account—once $40,000 USDT and once $30,000 USDT. The customer service told me that once my reserved funds were sorted out, I could withdraw without mentioning any tax requirements. However, when I was ready to actually withdraw the funds, they told me I had to pay 20% corporate tax or else I wouldn’t be able to make any withdrawals and even restricted me to complete this tax payment within three days totaling $23,000 USDT because all my principal was still in the account. I am now retired and don't have the money to pay these taxes.

+5

國文

2024-11-22

Tshan Markets 2025 Review: Everything You Need to Know

　　Tshan Markets has garnered significant attention in the forex trading community, but its reputation appears to be marred by serious concerns regarding its legitimacy and user experience. Numerous reviews indicate a troubling pattern of negative user experiences, particularly related to withdrawal issues and lack of regulatory oversight. Notably, Tshan Markets has received low trust scores from various watchdog organizations, suggesting that potential traders should exercise extreme caution before engaging with this broker.

　　Note: It's essential to recognize that the regulatory landscape varies significantly across regions, and the absence of robust regulation for Tshan Markets is a critical factor in assessing its overall trustworthiness. The following review aims to provide a balanced overview based on available information.

　　Rating Overview:

Account Conditions: 3/10
Tools and Resources: 4/10
Customer Service and Support: 2/10
Trading Setup (Experience): 3/10
Trustworthiness: 1/10
User Experience: 2/10

　　How We Rate Brokers: Our ratings are based on a combination of user feedback, expert reviews, and regulatory information.

Broker Overview

　　Tshan Markets, officially launched in August 2024, positions itself as a provider of online contracts for difference (CFD) trading services. The broker claims to offer a user-friendly trading experience, integrating advanced trading functions and a mobile app available on both iOS and Android platforms. However, it is crucial to note that Tshan Markets is reportedly not regulated by any recognized financial authority, raising significant concerns about its operational legitimacy.

　　The trading platform is said to support various asset classes, including forex, stocks, indices, precious metals, crude oil, and cryptocurrencies. However, the lack of a solid regulatory framework and numerous complaints from users about withdrawal issues cast a shadow over its offerings.

Detailed Section

Regulatory Status

　　Tshan Markets operates without any valid regulatory oversight, which is a major red flag for potential traders. According to multiple reviews, the broker has received a trust score as low as 1.11 out of 10, indicating a high level of risk associated with trading through this platform. The absence of regulation means that users may have little recourse in the event of disputes or issues, particularly concerning fund withdrawals.

Deposit/Withdrawal Currencies

　　While specific details about deposit and withdrawal currencies are sparse, user feedback suggests significant challenges in processing withdrawals. Many users have reported being unable to withdraw their funds, often citing unexpected fees or conditions that were not clearly disclosed during the account opening process.

Minimum Deposit

　　Information regarding the minimum deposit required to open an account with Tshan Markets is not readily available in the reviews. However, the lack of transparency regarding account conditions further compounds concerns about the broker's reliability.

Bonuses/Promotions

　　Tshan Markets has been reported to offer various promotions, but these often come with strings attached that may not be clearly communicated to users. For instance, there are claims that promotional bonuses can lead to restrictions on withdrawals, which has resulted in user frustration and allegations of deceptive practices.

Tradable Asset Classes

　　The broker claims to offer access to over 250 trading instruments, including forex, stocks, indices, commodities, and cryptocurrencies. However, the quality of execution and available trading tools appears to be lacking, as indicated by user reviews that highlight slow execution speeds and difficulties in trading.

Costs (Spreads, Fees, Commissions)

　　Tshan Markets advertises ultra-low spreads starting from 0.0 pips, but user experiences suggest that hidden fees and high commissions may apply, particularly during withdrawal processes. This discrepancy raises concerns about the overall cost-effectiveness of trading with this broker.

Leverage

　　Details regarding leverage options offered by Tshan Markets are unclear, and given the broker's overall lack of transparency, potential traders should approach this aspect with caution. High leverage can amplify both profits and losses, making it essential for traders to fully understand the risks involved.

Allowed Trading Platforms

　　Tshan Markets claims to support various trading platforms, including a proprietary app and potentially popular platforms like MT4 or MT5. However, user feedback indicates that the trading experience may not be as seamless as advertised, with reports of technical issues and delays in order execution.

Restricted Regions

　　The reviews do not specify any particular regions where Tshan Markets is restricted, but the absence of regulation may deter users from countries with strict trading laws. It is advisable for potential clients to verify their local regulations before considering trading with this broker.

Available Customer Service Languages

　　While Tshan Markets likely offers customer support in multiple languages, user reviews highlight significant dissatisfaction with the quality of customer service. Many users report slow response times and unhelpful support, which is a critical consideration for traders seeking reliable assistance.

Summary Ratings

Account Conditions: 3/10 - Lacks transparency and clear conditions.
Tools and Resources: 4/10 - Limited trading tools and resources available.
Customer Service and Support: 2/10 - Poor user experiences with customer support.
Trading Setup (Experience): 3/10 - Technical issues reported by users.
Trustworthiness: 1/10 - Significant concerns regarding regulatory oversight.
User Experience: 2/10 - Negative feedback from users about withdrawal issues.

　　In conclusion, the Tshan Markets review paints a concerning picture of a broker that may not meet the standards expected by traders. With low trust scores, reports of withdrawal difficulties, and a lack of regulatory oversight, potential users are strongly advised to conduct thorough research and consider alternative options before engaging with this platform.