Question 1

Is TP Global FX a regulated and safe forex broker for investors?

Accepted Answer

TP Global FX is an unregulated and illegal broker registered in Mauritius, with all its licenses expired. It is listed as a scam broker by WikiFX due to numerous verified complaints of withdrawal issues, fraudulent activities, and poor regulatory oversight. Investors should avoid trading with TP Global FX due to the high risk of loss and lack of investor protection.

Question 2

What are the trading costs including spreads and commissions at TP Global FX?

Accepted Answer

TP Global FX offers varying trading costs based on account types. The Standard Account has spreads starting from 1.2 pips with no commission, the Pro Account has spreads from 0.2 pips with a $15 per lot commission, and the Institutional Account offers spreads starting at 0.1 pips with a commission of $8 per lot. However, as an unregulated broker, hidden fees may apply and there is no client protection.

Question 3

What are the deposit and withdrawal methods and associated fees at TP Global FX?

Accepted Answer

Traders can deposit and withdraw funds via Bitcoin, Wire Transfer, and USDT with no fees charged on deposits or withdrawals. Wire transfers require a minimum deposit of $1000; otherwise, fees may apply. However, due to the broker's scam status, many clients have reported inability to withdraw funds, making deposits and withdrawals highly risky.

Question 4

Is TP Global FX beginner-friendly?

Accepted Answer

No, TP Global FX is not beginner-friendly. Besides being unregulated and flagged as a scam broker, it suffers from user complaints about withdrawal failures, poor customer support, and lack of transparency. The broker's website is often inaccessible, and it lacks protections suitable for novice traders, making it unsuitable for beginners seeking a safe trading environment.

Question 5

What trading platforms and account types does TP Global FX offer to investors?

Accepted Answer

TP Global FX provides popular trading platforms MT4 and MT5, known for their advanced charting and trading tools. The broker offers three account types: Standard (minimum $50 deposit), Pro (minimum $500), and Institutional (minimum $25,000) accounts, with varying leverage and spreads. Despite this, the broker's illegal and scam status overshadows these offerings and poses significant risks.

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