TP Trades

TP Trades Review: Is TP Trades any good?

Broker overview and general information

TP Trades is a broker that offers a multi-asset trading platform, but there is no clear information about the year of its establishment on the company’s official website. The broker offers MetaTrader 4 as its main platform and offers more than 50 tradable assets, including Forex, precious metals, CFDs and indices on the spot market. TP Trades serves both retail and institutional clients from over 180 countries around the world, covering Europe, Asia, the Middle East, Africa and Latin America.

The broker states its focus on providing a tailored service to its clients, with a 24/7 customer support team. The broker also provides daily market news and comprehensive research to help clients make informed trading decisions.

Licenses that brokers have obtained

If you ask if TP Trades is good, you should start by considering the licensing factor first. The broker’s website states that it has obtained the Mwali Comoros License, which is a financial license issued by the regulatory authority in Mwali (one of the three islands that make up the country of Comoros).

TP Trades Products and Services

Trading products

The broker offers a wide range of trading tools to allow traders to choose to invest in a variety of financial markets, with over 50 products.

• Forex: Trading popular and highly liquid currency pairs

• Spot Metals: Trading precious metals such as gold and silver on the spot market.

• CFDs: Trading CFDs on a wide range of financial instruments.

• Spot Indices: Trading major indices on the spot market

Trading Platform

The broker uses the MetaTrader 4 trading platform, which is available on Windows, iPhone/iPad and Android OS. There is also talk of a MetaTrader 5 coming soon.

TP Trades Account Types

Standard Account

• Minimum deposit: 20 USD

• Spread: Starting from 1.5 pips

• Leverage: 1 : 500

• Commission: Free

STP Pro Account

• Minimum deposit: 20 USD

• Spread: Starting from 0.7 pips

• Leverage: 1 : 500

• Commission: Free

 ECN Account

• Minimum deposit: 20 USD

• Spread: Starting from 0.0 pips

• Leverage: 1 : 500

• Commission: 7 USD

Pros and Cons of TP Trades

strength:

• 24/7 customer support service

• There is Thai customer support.

weakness:

• The listed regulatory licenses have low reliability.

• Lack of transparency in explaining deposit and withdrawal channels and financial transaction fees

• The website does not have Thai language.

• The minimum deposit is quite high compared to other brokers.

• Not a wide variety of trading products

Broker overview summary?

TP Trades broker may not be suitable for investors who seek safety and protection from regulatory authorities due to the lack of regulation from a credible regulatory authority. Despite some attractive features, the high risk may not be worth it for the average investor. Investors should study and consider before deciding to invest.

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TP Trades Review Compare spreads, fees, trading platforms, deposit and withdrawal conditions and more with real user reviews to help you decide which broker suits your needs.