TP Global FX is a regulated foreign exchange (forex) and contract for difference (CFD) brokerage that places an emphasis on transparency and innovation. The broker provides a wide range of services, such as trading in more than 150 different instruments, true STP pricing (with spreads that begin trading at 0.1 pips), and a variety of educational resources. 2017 saw the beginning of operations for TP Global FX. Vanuatu is in charge of their oversight, and their headquarters can be found in Dubai. In addition to that, they also have locations in Mauritius, Cyprus, Armenia, Nigeria, and Vanuatu. They plan to bring about a sea change in the foreign exchange market by employing cutting-edge financial technologies and educating their customers as well as their business partners. A personalized copy trading service is provided by TP Global FX.
The purpose of this TP Global FX review is to assist you in gaining a better understanding of the website and the features that it offers in greater depth. You can begin trading on this website using your demo account to gain an understanding of how the entire website functions. If you are new to the financial markets, you should be aware of the risk warning while trading forex, and this is one of the reasons why beginning with a demo account can be helpful.
What Exactly Is TP Global FX, Anyway?
One of the most successful foreign exchange companies is TP Global FX, which operates out of Saint Vincent and the Grenadines as a foreign currency broker. TP Global FX is working to create new investing ways that enable convenience, which is something that traders strive for in large brokerages. They are now working to revolutionize the foreign exchange sector. Because of its strong links with reputable banks and non-bank liquidity sources, the exchange was able to secure a True STP pricing scheme for its trading members. True STP pricing contributes to the reduction of the bid-ask spread and provides investors with opportunities to trade at competitive prices through TP Global FX.
With the assistance of this forex broker, currency traders have the opportunity to buy and sell various currency pairs. There is a possibility that Forex and CFDs are not appropriate for all investors. It is recommended that traders only participate in the market with an amount of capital that they can easily afford to shed in the event of a loss. The company’s objective is to provide users of its cutting-edge AI and machine learning-based trading services with the most favorable trading conditions possible.
TP Global FX User Experience
TP Global FX is a foreign exchange broker that has its headquarters in Saint Vincent and the Grenadines. The company gives traders access to one or more brokerage trading platforms, where they are able to buy and sell various forms of foreign currency. Speculative access to the round-the-clock foreign exchange currency market is available to retail currency traders through the use of this broker. Recently, there has been a spike in demand for this forex broker’s global services, and it appears that this need will only continue to increase.
TP Global FX is a foreign exchange company that began operations in 2017 and has their headquarters in Dubai. They are authorized to conduct business by the government of Vanuatu. They operate offices in a variety of nations, including Cyprus, Mauritius, Armenia, Nigeria, and Vanuatu, among others. Users are generally pleased with both the website and the mobile application, as indicated by the most widely held viewpoint and the review that TP Global FX receives the most frequently.
TP Global FX’s Key Attributes and Functions
24–7 Customer Service Support
Customers have access to TP Global FX’s reliable customer service section, which is open five days a week for their convenience. However, their response time is acceptable, despite the fact that they are inaccessible on the weekends.
Market Conditions That Are Just Perfect
The layout of the website provides assistance to traders in identifying profitable trades to target. Because it enables such favorable trading circumstances, TP Global FX is a leading broker in the industry.
Liquidity
Users have access to a large amount of liquid assets within the system. Forex brokers who act as market makers are the ones responsible for creating liquidity in the market. Customers of TP Global FX have the ability to perform transactions directly from real-time streaming rates provided by the most prominent liquidity providers in the foreign exchange market. Real-time quotes are available. The most unexpected developments, on the other hand, tend to result in the most significant price fluctuations.
Regulations
TP Global FX operates in five different countries, but its primary office is located in Vincent and the Grenadines. This makes it one of the most reliable forex brokers of 2021. In accordance with the Companies and Allied Affairs Act of 1990, the brokerage firm was established as a legal entity in the Federal Republic of Nigeria. Abu Dhabi is the location of our most recent outpost that has opened. It is not supervised by any central regulatory authority at this time.
Since TP Global FX is an offshore broker, trading laws for offshore brokers in general, including those present today, have always existed in a legal limbo. Customers have a responsibility to perform adequate research before to signing up with any offshore broker, including TP Global FX. Because there are no limitations imposed by regulatory bodies, the company has taken it upon themselves to give the highest possible level of safety services, just as the majority of brokers. The regulatory authorities always examine the safety measures that are in place for wire transfers to ensure that there is no unethical or illegal behavior taking place.
A Diverse Offering of Financial Trading Instruments
The broker can utilize TP Global FX to increase their profits and gain trading experience. TP Global FX provides a diverse selection of instruments for traders to choose from. You are free to trade in any of the major currency pairs that are currently accessible. You can also get in touch with online mentors to learn more about how to place trades in these markets and how to analyze them. Trading foreign currency over the internet presents the possibility of bringing in some additional income.
Promotions and Contests on a Regular Basis
TP Global FX, much like the majority of other brokerages, offers a variety of benefits to traders in order to make them feel more at ease working with the broker. There is a welcome bonus available on TP Global FX, which enables some initial benefits. In addition to that, it offers the well-known deposit bonus, which is a form of compensation given to players who make a particular number of deposits into their trading accounts. If you think that trading with this broker could be interesting to you, you should sign up for a sample account so that you can test it out.
There are times when bonus money is distributed in the form of demo sums. You can get in touch with the customer support team or look up pertinent references online if you run into any issues while participating in regular promotions and offers at any point in the process.
Security of Financial Resources
At the Forex Expo 2021, TP Global FX was lauded as the world’s most transparent broker, which is certainly a high honor for the company and reveals quite a bit about its culture.
Instruction in Trading
TP Global FX, just like the majority of the other leading brokers, makes instructive films and other content available on their website. Because of this, new traders have been able to find their footing in the challenging trading trip, which means that offshore forex brokers who have a broad reach are also pioneers in the field of financial education. Many new players have found that the use of the global name to refer to the game is very helpful.
The trade sizes for the Standard account, the Pro account, and the Swap-Free account all start at 0.01 lots and increase in increments of 0.01 lots, so the next deal would be for 0.02 lots, and so on. This information comes from the many web reviews of TP Global FX that are available. The maximum size of an individual trade that can be executed through these accounts is 50 lots. The minimum amount for a transaction that can be made using the Institutional account is one lot.
Intelligent System
MetaTrader 4, which may be downloaded as desktop software, used as a mobile application, or traded via the web, is the trading platform that TP Global FX use. It is one of the brokerage trading platforms that is utilized by more than one million traders, making it one of the most extensively used trading platforms in the world.
Can You Tell Me If TP Global FX Is Regulated?
TP Global Services Limited has been given the registration number 25274 BC 2019 by the government of St. Vincent and the Grenadines. TP Global FX provides a high level of safety for its customers.
TP Global FX: The Advantages and Disadvantages Analyzed
Pros
• Rigorous requirements for safety.
• The trader can make minimum deposits with this broker, and TP Global FX provides free withdrawals. • The company website features a wide range of educational resources and a weekly analysis. • TP Global FX provides a number of different offers and promotions.
Cons
• At this time, the service is only offered in five countries.
• The smallest amount of cash that can be withdrawn is 1000 dollars. • The UI should be more adaptive. • TP Global FX is still one of the newest brokers in the business. • The costs per lot appear to be fairly high at $8 and $15 for different accounts.
TP Global FX Trading Platform Categories and Varieties
This particular broker’s website provides downloadable versions of the MT4 and MT5 trading platforms for customers to choose from.
MetaTrader 4
MetaTrader 4 is a platform for trading foreign exchange that also enables users to conduct research and analysis on various financial markets and to make use of expert advisors. Your experience in the foreign exchange market will be vastly improved by utilizing MetaTrader 4’s Mobile Trading, Trading Signals, and the Market. Since its inception in 2002, the MetaTrader platform has been released in a myriad of guises thanks to the efforts of its developer, MetaQuotes Software.
The majority of brokers choose with MetaTrader 4 as their platform of choice. Between 2007 and 2010, a number of brokerages offered the MT4 platform as an optional alternative to the trading software they were using at the time. This was due to the popularity of the platform among brokers as well as the large number of scripts and advisers offered by third parties.
MetaTrader 5
Automated trading can be accomplished in MetaTrader 5 through the use of trading robots and trading signals. Traders are able to efficiently manage risk in a variety of market scenarios with the assistance of risk management tools and negative balance protection that are made available by TP Global FX.
Instruments of the Market Provided by TP Global FX
Forex
You have the ability to trade foreign exchange using a wide variety of Cross Currency Pairs to cater to your own tastes. In a more general sense, when one nation places an order for goods from another, it is required to make the payment in the native currency of the country that is providing the goods. This results in the exchange of a significant amount of cash between two distinct nations.
Commodities
Trading in soft commodities has been going on for centuries and plays an important part in both the risk management and diversification of portfolios. During times of economic unpredictability, one foolproof method for mitigating risk is to make investments in contract-based, tradable items. It is essential to have the awareness that it is just as simple to lose money via the use of a mouse click as it is to generate money using one of these methods. The majority of traders who enter the market without first developing a comprehensive strategy end up losing money. For the purpose of making the process of trading on the website more efficient, TP Global FX provides its users with risk warning services and protection against negative balances.
Indices
Stock indexes are a method of quantifying the worth of a certain sector of the stock market. It’s possible that TP Global FX is shorthand for a certain stock market or even a conglomeration of a nation’s largest companies.
Things such as gold and silver, in addition to crude oil, copper, and petroleum, are all examples of commodities that are contract-based traded items that are actively involved in the commodities market.
Energy
Energy prices have a high level of volatility because of the effect of the various political and environmental variables, supply and demand, severe weather conditions, and the overall development of the global economy. You can multiply the dollars that you have put in energy and use that to generate income for yourself.
Trading Instruments Available GBP/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, NZD/USD, AUD/USD Forex Majors: GBP/USD, EUR/USD, USD/CAD, NZD/USD, AUD/USD Forex Minors: AUD/CAD, AUD/NZD, CAD/CHF, EUR/AUD, EUR/GBP, AUD/JPY, GBP/CAD, NZD/CAD
• Indices: AUD 200, US 30, HKIND, JAP 225, US 50, SGXSING, SUI 20, TECH 30, US 2000, SGXTAI, FRA 40, CHNIND, and many more
The Procedure for Opening a TP Global FX Account
The procedure for opening an account with TP Global FX is comparable to that of other forex brokers currently operating in the market. Traders need to select the sort of account that is best suited to their needs, supply the required documentation, and they are good to go. In addition to that, traders are required to hand in a fully filled out account application. One of the customers wrote a review stating that creating an account on this regulated site is incredibly simple and risk-free.
TP Global FX client reviews and data further reveal that this regulated platform also includes simple tools that make it considerably simpler to register an account. Traders are able to open an account with real money and begin trading as soon as they log in to their live trading account. Internal Transfer allows you to move funds between your trading account and Wallet on TP Global FX. This function is available only if you already have funds in your trading account.
TP Global FX Accounts Come in a Variety of Flavors
Standard
Standard accounts have a minimum deposit requirement of $50, no fees or commissions, spreads that start as low as 0.1 pips, and leverage that can go as high as 1:500. This account type is the best option for beginners.
Pro
The Pro Account is designed for intermediate traders because it has leverage of up to 1:500, spreads that start at 0.2 pip, a minimum deposit of $500, a cost of $15 per lot, and spreads that start at 0.2 pips.
Institutional
Because the institutional account needs a minimum deposit of $25,000, has a fee of $8 per lot, spreads that begin at 0.1 pips, and leverage that can go up to 1:200, it is appropriate for traders who have previous trading expertise. Scalping is allowed, but only for a maximum of three minutes and thirty seconds at a time.
TP Global FX Leverage & Margin Requirements
You can trade with a far bigger stake in the market thanks to a mechanism called leverage, which allows you to trade with a significantly higher stake in the market than you put down when you first initiated the deal. For example, foreign exchange trading is a leveraged product that not only magnifies your probable profit, but also magnifies the possibility that you would incur a loss.
The amount of collateral that must be held as margin in order to cover any credit risks that may arise as a result of your trading activities is referred to as margin. In order to provide a suitable margin, you are required to have funds in your trading account.
For instance, a bigger stake of one million dollars will require a deposit of ten thousand dollars if the margin is one percent. In order to open a trading account, the margin level must be more than or equal to 100% of the account’s total value. Your trading account will be fully hedged in the event that you do not engage in any transactions. The greatest leverage ratio that TP Global FX is willing to provide is 1:500. When traders purchase currencies using margin, they are borrowing money from a financial institution and using the currency already held in their accounts as security.
According to a number of reviews of TP Global FX, the amount of leverage you get is contingent on the type of account you make use of: if you make use of the Standard or Pro account, you can get up to 1:500 leverage; if you make use of the Swap-Free account, you can get up to 1:200 leverage; and if you make use of the Institutional account, you can get up to 1:100 leverage.
When you first create an account, you will have the opportunity to select your leverage. If you later find that you need to change it, you can do so by making a request to the customer support department for an adjustment. You are welcome to get in touch with the support team at tpglobalfx.com if you have any questions or issues about the margin or the fees.
TP Global FX Fees
Cost is governed by a number of different elements, such as spread and margins, and TP Global FX customers’ countries of residence may cause them to be subject to different cost structures.
The difference between the “bid” price and the “ask” price is referred to as the spread. A pip is the smallest possible unit of change that can be made to an exchange rate.
TP Global FX offers the following spreads and commissions across its various accounts, as detailed below: Spreads on major currency pairs typically range from 0.1 to 1 pip, and standard accounts cover all associated charges in a single fee. Although commissions are steep at $15 a lot and spreads on major pairs range from 0.1 to 0.5 pips with a pro account, the spreads are much tighter than with a standard account. The spreads on the VIP account are very reasonable and start at 0.1.
Deposit and Withdrawal Options Available with TP Global FX
A minimum initial deposit is required for most accounts, and this deposit can be made in a variety of different methods. TP Global FX demands a minimum deposit of $50. Transactions can only be made using Tether, Bitcoin, wire transfers, or bank transfers, despite the fact that there are no fees associated with deposits. Withdrawals from deposits made by wire transfer can be made through Bitcoin, Tether, or bank transfer. When you withdraw Bitcoin or Tether, you won’t be charged any fees.
Withdrawing a minimum of $1,000 from your bank account is required for wire transfers. Any payments that are lower than that amount will be subject to an additional fee. The completion of a Bitcoin or Tether transaction takes between 12 and 24 hours during the week, but international bank transfers might take up to 6 working days to be processed. When you are dealing with real money, you have a responsibility to be aware of a number of factors, including the high leverage, broker limits, broker details, investors’ details, and a great deal more.
Bonuses and Promotions Offered by TP Global FX
Traders Contest
A minimum deposit amount that was supported by a considerable investment made the trader eligible for the competitions, and the winners were given trips, iPhones, and other prizes. The competitions were recently held at the Dubai Forex Expo, and the rules were rather straightforward: a trader became eligible for the competitions by meeting the requirements. In order to obtain additional information, you may get in touch with the support staff at tpglobalfx.com. In addition, you can contact the given email address by sending an email to that address. You also have the option to view a list of completed transactions.
IB Contest
The winners of the recent Dubai Forex Expo were recently granted lavish and opulent excursions to Dubai and other locations in the region. According to the reviews of TP Global FX, this is the best service that the platform offers in comparison to the services offered by other websites.
Program for Partnership with TP Global FX
The TP Global services limited Forex Brokers (IB) program provides financial incentives to individuals and organizations from all over the world for bringing in new customers for the brokerage firm.
Account managers are provided to each individual TP Global services limited IB in order to assist those IBs in expanding their businesses and to guarantee that those IBs receive the highest possible level of service. Commissions are the sole incentive for participation in any of the beginner-level programs. The regulated platform is one of the most open and honest brokers around, and it gives users access to a dashboard on which they can monitor their earnings on a regular basis in order to maintain openness and evidence of their claims. In the reviews section, you have the opportunity to voice your approval or disapproval of the quality of service offered by the website and app.
TP Global FX provides access to a variety of resources.
Some of the tools include an ideal series of calculators, such as pip, margin, Fibonacci, Pivot, and Profit calculators. Other tools include graphing and analysis software. In addition, there is something called an economic calendar that may be used to keep track of upcoming news events, as well as the markets and currencies that these events may influence. Nevertheless, the following two resources are available to users on the site: –
• Blogs
• An Examination of the Technicals
Security Precautions Taken by TP Global FX
At the Forex Expo 2021, TP Worldwide FX was given the title of most transparent and trustworthy global broker. This achievement was recognized at the event. TP Global FX is committed to maintaining a professional level of transparency with its users regarding commission and other transaction-related matters in order to earn the users’ trust and faith. By viewing the dashboard, users are able to view both the commissions that they have personally earned as well as the commissions that the platform has earned.
You are more than welcome to get in contact with the customer support personnel if you have any questions or issues regarding the commission. As soon as you have identified a problem, you should get in touch with the team as quickly as you can. When you approach the commission, it is important to make sure that you have already raised a ticket for them.
Customer Service and Support for TP Global FX
According to our assessment of TP Global FX, the company has a customer care department that is open five days a week; however, they are closed on the weekends. Although they have a good track record, their support team is nothing out of the ordinary. They have been given a significant amount of inflow, thus it may take some time for the call to be processed. Traders have the ability to take their grievances to a higher level in the event that the staff does not answer inside a timely manner. Traders, on the other hand, may make quick work of any questions or concerns they might have by consulting the FAQ area.
TP Global FX Review: Discussion of the Results
You have a variety of options available to you when it comes to trading thanks to the trading conditions offered by TP Global FX. The spreads are not unreasonable, and although the commissions are slightly higher than what is typical in the sector, nothing particularly leaps out. There are many different tradable assets to choose from. The good news is that there will not be any additional expenses incurred as a result of them. If you choose to use one of the two available forms of financing, the website of TP Global FX could put you in contact with a reliable and reputable broker right away.
FAQs
Is TP Global FX Legit?
Although they do have a legitimate presence, the buyer is still responsible for doing their research before making any purchases from them. They carry out activities related to trading in accordance with the trade license.
Is It Risk-Free to Use TP Global FX?
Indeed, their performance history is quite impressive for an offshore trader. The encryption technology that is utilized on the website makes it difficult for unauthorized individuals to steal your money when you are making financial investments. The client is afforded the appropriate level of protection from the broker in terms of both their bonuses and their funds.
What Is the Lowest Amount That Can Be Deposited with TP Global FX?
The bare minimum required for a deposit is $50.
How do I go about making a deposit with TP Global FX?
via electronic currency such as Bitcoin or a bank transfer.
