TCC forex broker provides various trading information, with an average trading speed of 0ms, a trading cost of null, an average slippage of , a liquidation rate of %, a spread cost of 0.00, etc
Rating Index
Business
License
FCA Suspicious Clone 
TCC Broker Trade
TCC Trade Review: Is TCC a Reliable Forex Broker？
In the dynamic world of forex trading, selecting a trustworthy broker is crucial for success. TCC Trade, operating under the name Top Capital Corporation Limited, has garnered attention in the forex community. This review aims to provide an in-depth analysis of TCC Trade, addressing three critical questions:
- What are the trading conditions and offerings at TCC Trade？
- How does TCC Trade's platform and product range compare to industry standards？
- What are the advantages and disadvantages of trading with TCC Trade？
- Competitive Spreads: TCC offers spreads starting from 0.03 pips, which can enhance trading profitability.
- High Leverage: With leverage up to 1:500, traders can maximize their exposure in the forex market.
- MT4 Platform: The availability of the MT4 platform provides traders with advanced trading tools and automated trading options.
- Lack of Regulation: The revocation of TCC's FCA license raises significant concerns about the safety of client funds.
- Limited Educational Resources: TCC does not offer comprehensive educational materials, which may hinder new traders' learning and development.
- Experienced forex traders comfortable navigating unregulated environments.
- Traders looking for high leverage and competitive spreads.
Broker Overview and Trading Conditions
| Established | Regulatory Authority | Headquarters | Minimum Deposit | Leverage | Average Spread |
|---|---|---|---|---|---|
| 2009 | FCA (Revoked) | London, UK | $200 | Up to 1:500 | From 0.03 pips |
TCC Trade was established in 2009 and claims to operate from London, UK. However, it is important to note that TCC's regulatory status is concerning; its license from the Financial Conduct Authority (FCA) was revoked in December 2019, leaving it unregulated. This revocation raises significant red flags regarding the safety of funds and the reliability of the broker.
In comparison to industry standards, TCC's minimum deposit requirement of $200 is relatively low, making it accessible for new traders. The leverage offered is quite competitive at up to 1:500, which allows traders to amplify their positions. However, the average spread starting from 0.03 pips is attractive, though the absence of a demo account limits traders' ability to practice before committing real funds.
Trading Platform and Product Analysis
TCC Trade provides access to the widely-used MetaTrader 4 (MT4) platform, known for its user-friendly interface and robust features. MT4 supports automated trading through Expert Advisors (EAs), providing traders with flexibility in executing their strategies.
Available Currency Pairs and Characteristics
| Currency Pair Category | Number Offered | Minimum Spread | Trading Hours | Commission Structure |
|---|---|---|---|---|
| Major Currency Pairs | 20+ | From 0.03 pips | 24/5 | Not stated |
| Minor Currency Pairs | 10+ | From 0.5 pips | 24/5 | Not stated |
| Exotic Currency Pairs | 5+ | From 1.0 pips | 24/5 | Not stated |
The execution speed on the MT4 platform is generally reliable; however, there are reports of slippage during volatile market conditions. Traders should be aware that while the spreads are competitive, the lack of transparency regarding commissions can impact overall trading costs.
Advantages, Disadvantages, and Safety Assessment
Advantages
Disadvantages
TCC Trade has implemented some security measures, such as segregating client funds and employing encryption technology for transactions. However, the absence of regulatory oversight means that traders are at a higher risk. Customer satisfaction ratings are low, with numerous complaints regarding withdrawal issues and customer support responsiveness.
Practical Strategy and Summary Recommendations
Basic Trading Strategy: Trend Following
Given TCC's competitive spreads and high leverage, a simple trend-following strategy can be effective. Traders can identify a currency pair that is trending strongly and enter a buy position when the price retraces to a key support level. Utilizing the MT4 platform, traders can set stop-loss orders to manage risk effectively.
In conclusion, TCC Trade offers some attractive trading conditions such as competitive spreads and high leverage. However, potential traders should approach with caution due to the lack of regulation and numerous complaints from existing clients. TCC may be suitable for experienced traders who understand the risks involved and are looking for a platform with a low minimum deposit.
Suitable Trader Types
TCC Trade may appeal to:
FAQ Section
Q: Is TCC Trade regulated？
A: No, TCC Trade's license from the FCA has been revoked, and it currently operates unregulated.
Q: What trading platform does TCC Trade offer？
A: TCC Trade offers the MetaTrader 4 (MT4) platform, a popular choice among forex traders.
Q: What is the minimum deposit required to start trading with TCC？
A: The minimum deposit to open an account with TCC Trade is $200.
Risk Warning
Trading in forex and CFDs involves significant risk and may not be suitable for all investors. Ensure you understand the risks involved and seek independent financial advice if necessary.