- What Is TP Global FX?
- User Experience
- Is It Regulated?
- Pros and Cons
- Types of Trading Platforms
- Market Instruments
- Range of Trading Instruments
- Account Opening Process
- Types of Accounts
- Leverage & Margin Requirements
- Bonuses & Promotions
- Partnership Program
- Resources Offered
- Customer Support
TP Global FX is a regulated forex and CFD brokerage emphasizing openness and innovation. The broker offers a lot, including over 150 instruments, real STP pricing (spreads start trading at 0.1 pips), and various training materials. TP Global FX was established in 2017. They are regulated by Vanuatu, with headquarters in Dubai. They also have branches in Cyprus, Mauritius, Armenia, Nigeria, and Vanuatu. They intend to revolutionize the forex industry by utilizing cutting-edge financial technologies and educating their clients and partners. TP Global FX offers a custom copy trading service.
TP Global FX Overview
|Product Offered||Forex, Metals, CFDs, Indices, Stocks|
|Minimum Initial Deposit||$50|
|MetaTrader 4 (MT4)||Yes|
|MetaTrader 5 (MT5)||Yes|
|Trading fees||It depends on the account; $8-$15|
|Withdrawal fee||It depends on the amount|
|Customer Support||Yes, 24/5 customer support|
This TP Global FX review is aimed at helping you understand more about the website and its features in detail. Using this website, you can start trading using your demo account to learn how the entire website works. If you’re new to the financial markets, you should know the risk warning when forex trading, & that’s why starting with a demo account helps.
What Is TP Global FX?
TP Global FX is a Saint Vincent and Grenadines-based foreign exchange broker and one of the top FX companies. TP Global FX is reinventing the Forex industry and aims to provide new investing methods that enable convenience, something traders look for in major brokerages. The exchange has obtained a True STP pricing scheme for traders because of its excellent relationships with respected banks and non-bank liquidity sources. True STP pricing helps to narrow the bid-ask spread and provides investors with competitive chances to trade with TP Global FX.
Currency traders can also purchase and sell currency pairs with the help of this forex broker. Forex and CFDs might not be suited to all investors. It is desirable for investors who would consider trading, to do so only with money that they can afford to lose. The aim of the company is to offer the best trading conditions to traders using state-of-the-art AI/ML-based trading services.
TP Global FX User Experience
Based in Saint Vincent and the Grenadines, TP Global FX is a forex broker that provides traders with access to one or more brokerage trading platforms where they may buy and sell foreign currency. Retail currency traders can use this broker to acquire speculative access to the 24-hour currency forex market. This forex broker’s global services have risen in popularity lately and seem like they will continue to grow.
TP Global FX was established in 2017 and is regulated by the Vanuatu government, with its head office operating in Dubai. They have branches in Cyprus, Mauritius, Armenia, Nigeria, and Vanuatu, among other countries. According to the most popular opinion & the most common TP Global FX review, users are mostly satisfied with the website & the app.
Features of TP Global FX
24/5 Customer Support
TP Global FX has a solid customer support unit, which is available to customers five times a week. They are unavailable over the weekends, but they have a reasonable response time.
Excellent Trading Conditions
The website’s structure helps traders target the right trades for profit. TP Global FX is a top broker because it has enabled excellent trading conditions.
Users can access high liquidity in the system. Liquidity is generated by forex brokers which behave as market makers. Clients of TP Global FX may conduct transactions directly from real-time streaming prices offered by the Forex market’s leading liquidity providers. Real-time quotes are available. The most dramatic price movements, however, occur when unexpected events happen.
As one of the most trusted forex brokers of 2021, TP Global FX covers five countries, with the main one being in Vincent and the Grenadines. The broker is incorporated in the Federal Republic of Nigeria under the Companies and Allied matters Act 1990. The most recent branch opened up in Abu Dhabi. It has no central regulatory authority supervising it.
TP Global FX is an offshore broker, and trading regulations for such brokers found today have always been in the grey area. Customers should practice due diligence before signing up with any offshore broker like TP Global FX. As there are no restrictions by regulatory authorities, the company takes the initiative from its end to provide the best security services like most brokers. The security provided for wire transfers is always scrutinized by regulatory authorities to make sure that there is no illegal activity.
Wide Range of Trading Instruments
TP Global FX offers a wide range of instruments to trade and can be used by the broker for profits and trading experience. You can trade in any of the major pairs available. You can also get in touch with online mentors to understand more and how to place trades in them. It’s a potential opportunity to make some extra money with forex trading online.
Regular Contests and Promotions
Just like most brokerages, TP Global FX also has various bonuses, so that the trader is comfortable with the broker. TP Global FX has a welcome bonus that allows certain initial benefits. It also has the popular deposit bonus, which rewards players for a certain amount of deposits in their account for trading. If you’ve found this broker interesting to trade with, open a demo account to try it out.
Sometimes a demo sum is given in the form of bonuses. If you are facing a problem at any given step with regular promotions and offers, you can contact the customer support team or find relevant references online.
Protection of Funds
TP Global FX was recently called the most transparent global broker at the Forex Expo 2021, so that does say a lot about the organization.
Like most of the top brokers, TP Global FX provides educational videos and material on their website. As a result, new traders have found their ground in the strenuous trading journey, so they are also a pioneer in the field of financial education when it comes to offshore forex brokers who have a widespread reach. The global name has been a great help for many new players of the game.
There are many charts that you can refer to while learning to understand how trading works and how brokers accept trades. You will also learn about the benefit that TP Global FX provides and why the website is trustworthy for you to invest in.
You will also understand the withdrawals, license information, office information, and other information. The website provides a list of high-impact data for the week to make systematic planning for currency trading. Daily technical analysis reports and reliable market news are available on the website.
Services Offered by TP Global FX
TP Global FX Leverage
Since TP Global FX is a broker regulated outside the EU, it offers high leverage. The amount of high leverage you get depends on the account you’re using: if you’re using the Basic or Pro account, you can get up to 1:500 leverage, if you’re using the Switching account, you can get up to 1:200 leverage, and if you’re using the Corporate account, you can get up to 1:100 leverage.
When you initially create an account, you may choose your high leverage, and if you need to modify it, you can do so by submitting a modification request to the customer care department.
As per many online TP Global FX reviews, we can say that the Standard account, Pro, and Swap-Free accounts, trade sizes begin at 0.01 lots and increase in 0.01 lot increments, so the following trades would be 0.02 lots, and so on. For these accounts, the maximum trade size is set at 50 lots. The Institutional account has transaction sizes that start at one lot.
TP Global FX’s trading platform is MetaTrader 4, which is accessible as desktop software, a mobile application, or a web trader. It is one of the most widely used brokerage trading platforms in the world, with over 1,000,000 traders using it.
Is TP Global FX Regulated?
TP Global Services Limited is registered by St. Vincent and the Grenadines with Number 25274 BC 2019. TP Global FX offers a high degree of security.
TP Global FX Review: Pros and Cons
|High-security standards.||Currently available in only five countries.|
|This broker allows the trader to make minimum deposits and a free-of-charge withdrawal.||The minimum amount of money to withdraw is $1000. The fees per lot at $8 and $15 for different accounts seem to be very high.|
|The company website has a good variety of educational resources and a weekly analysis.||The interface could be more adaptable.|
|TP Global FX has a good deal of offers and promotions.||TP Global FX is still one of the newer brokers in the industry.|
Types of TP Global FX Trading Platforms
The website of this broker offers downloads for both the MT4 and MT5 trading platforms.
MetaTrader 4 is a Forex trading platform that also allows you to analyze financial markets and use Expert Advisors. MetaTrader 4 has Mobile Trading, Trading Signals, and the Market, all of which improve your Forex trading experience. MetaQuotes Software, the platform’s creator, had previously launched many versions of the MetaTrader platform since 2002.
MetaTrader 4 is the choice for most brokers. Because of its popularity among brokers and the vast number of third-party scripts and advisers, a number of brokerages introduced the MT4 platform as an optional alternative to their current trading software between 2007 and 2010.
Trading robots and trading signals can be used in MetaTrader 5 to automate trading. Traders can effectively manage risk in different market conditions with the help of risk management tools and negative balance protection that TP Global FX offers.
|MetaTrader 4||MetaTrader 5|
|21 timeframes||Trading history|
|Economic calendar||Three execution modes|
|Depth of Market data||23 analytical objects|
|80 technical indicators||Four pending order types|
Market Instruments by TP Global FX
You can trade forex with a range of Cross Currency Pairs to suit your preferences. In a larger sense, when one nation orders products from another, it must pay in the supply country’s native currency, which necessitates the exchange of large quantities of cash between two distinct countries.
Soft commodities have been traded for ages and play an important role in risk management and portfolio diversification. Investing in contract-based tradable products is a safe strategy to reduce risk during uncertain economic times. It is important to understand that it is just as easy to lose money through the click of a mouse as it is to make it. Most people who jump into trading without a serious plan, lose money. TP Global FX offers risk warning services and negative balance protection to the users to improve the process of trading on the website.
Stock indices quantify the value of a certain segment of the stock market. TP Global FX might represent a certain stock market or a group of a country’s major corporations.
Gold, silver, as well as crude oil, copper, and petroleum, are contract-based traded items that play a prominent part in the commodities market.
Due to the effect of political and environmental variables, supply and demand, harsh weather conditions, and global economic development, energy prices have a high level of volatility. You can reap profits from energy by multiplying the funds that you have invested in.
Range of Trading Instruments
- Forex Majors: GBP/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, NZD/USD, AUD/USD
- Forex Minors: AUD/CAD, AUD/NZD, CAD/CHF, EUR/AUD, EUR/GBP, AUD/JPY, GBP/CAD, NZD/CAD, EUR/TRY, GBP/SGD, GBP/NZD, USD/ZAR, and more
- Metals: Gold (EUR & USD) and Silver (USD)
- Indices: AUD 200, US 30, HKIND, JAP 225, US 50, SGXSING, SUI 20, TECH 30, US 2000, SGXTAI, FRA 40, CHNIND, and more
TP Global FX Account Opening Process
The account opening process at TP Global FX is similar to other forex brokers in the market. Traders simply choose the account type that is most suitable, submit documents, and they’re all set. In addition, traders must submit a completed account application. According to a client review, opening an account on this regulated platform is extremely easy and safe.
TP Global FX client reviews and data also suggest that this regulated platform also provides easy-to-use features that make the account opening processes much easier. The live account allows traders to open an account with real money to start trading straight away. If you already have money in your trading account on TP Global FX, you can add money to your Wallet from it using Internal Transfer.
Types of TP Global FX Accounts
The Standard account, which is the right choice for novices, offers a $50 minimum deposit, 0% fee, zero commission, spreads starting at 0.1 pips, and leverage up to 1:500.
The Pro Account requires a $500 minimum deposit, $15 fee per lot, spreads starting at 0.2 pips, and leverage up to 1:500, making it suitable for intermediate traders.
The institutional account requires a minimum deposit of $25,000 and $8 cost per lot, spreads beginning at 0.1 pips, and leverage up to 1:200, making it suitable for experienced traders. Scalping is permitted, but not for longer than 90 seconds.
|Spreads||0.1 pips||0.2 pips||0.1|
TP Global FX Leverage & Margin Requirements
Leverage is a tool that allows you to trade with a considerably higher stake in the market than you put down when you first opened the deal. Forex trading, for example, is a leveraged product that magnifies your possible profit while also magnifying your potential loss.
The amount of collateral required to cover any credit risks that may develop during your trading operations is known as margin. You must have funds in your trading account to provide an appropriate margin.
A higher stake of $1,000,000, for example, will require a $10,000 deposit on a 1% margin. The margin level must be equal to or more than 100% in order to create a trading account. If you don’t make any deals, your trading account will be completely hedged. The maximum leverage ratio offered by TP Global FX is 1:500. When currencies are bought on margin, traders are borrowing money and pledging the currency in their accounts as collateral.
As per many TP Global FX reviews, the amount of leverage you get depends on the account you’re using: if you’re using the Standard or Pro account, you can get up to 1:500 leverage, if you’re using the Swap-Free account, you can get up to 1:200 leverage, and if you’re using the Institutional account, you can get up to 1:100 leverage.
When you initially establish an account, you may choose your leverage, and if you need to modify it, you can do so by submitting a modification request to the customer care department. If you have any concerns regarding the margin and fees, you can get in touch with the tpglobalfx.com support team.
TP Global FX Fees
Cost is determined by a variety of factors, including spread and margins, and TP Global FX clients may be subject to varied cost structures depending on their country of residency.
A spread is a difference between the “bid” and “ask” price. A pip is the lowest unit of change that an exchange rate may make.
On its various accounts, TP Global FX provides the following spreads and commissions: Standard accounts include all costs in spreads, which are typically between 0.1 and 1 pip on major pairs. A pro account provides very tight spreads on main pairs, ranging between 0.1 and 0.5 pips, although commissions are hefty at $15 per lot. The VIP account has modest spreads, starting at 0.1.
|Pro||$8 per lot||0.2 pips|
|Institutional/VIP||$15 per lot||0.1 pips|
TP Global FX Deposit & Withdrawal Options
Most accounts need a minimum initial deposit, which can be done in a variety of ways. TP Global FX requires a minimum deposit of $50. Although there are no deposit fees, transactions are limited to Tether, Bitcoin, wire transfer, or bank transfer. Wire transfer deposits can be withdrawn via bank transfer, Bitcoin, or Tether. There are no costs for withdrawing Bitcoin or Tether.
For bank transfers, a minimum withdrawal of $1,000 is needed. Payments that are less than that amount are subject to a charge. During the week, Bitcoin and Tether transactions take 12 to 24 hours to complete, while foreign bank transfers can take up to 6 working days. When you are dealing in real money, you need to be aware of the high leverage, broker restrictions, broker details, investors’ details, and many more.
TP Global FX Bonuses & Promotions
The Dubai Forex Expo contests were recently held, and the rules were rather simple: a minimum deposit amount supported by a considerable investment made the trader eligible for the competitions, and the winners were given trips, iPhones, and other prizes. You can get in touch with the support tpglobalfx.com team for more information. You can also send an email to the provided email address to know more. You can also view the completed transactions list.
The Dubai Forex Expo recently saw winners being awarded grand luxurious trips to Dubai and relative places. As per the TP Global FX reviews, this is the best service provided by the platform when compared to other websites.
TP Global FX Partnership Program
The TP Global services limited Forex Brokers (IB) program pays organizations and people throughout the world for referring new clients to the brokerage company.
Each TP Global services limited IB is assigned an account manager to assist them in growing their company and ensuring that they receive the best possible service. All the programs for beginners are commission-based. The regulated platform is one of the most transparent brokers and provides access to a dashboard where they check their earnings regularly to maintain transparency and proof of evidence. You can also express your opinions if you like the service provided by the app and website in the reviews section.
Resources Offered by TP Global FX
An ideal series of calculators, comprising pip, margin, Fibonacci, Pivot, and Profit calculators, are some of the tools. An economic calendar is also available, which lists future news events as well as the markets and currencies that the news may affect. However, site also provides below 2 resources for users:-
- Technical Analysis
TP Global FX Security Measures
TP Global FX has been awarded the title of most transparent global trustworthy broker at the Forex Expo 2021. When it comes to commission and other transactions, TP Global FX maintains professional transparency with the users to gain their trust and faith. Users can check the commission that they have earned and the commission that the platform earns by visiting the dashboard.
If you have any concerns related to the commission, you can get in touch with the customer support staff. Once you have found an issue, you can contact the team as soon as possible. Make sure that you raise a ticket for the commission when you are approaching them.
TP Global FX Customer Support
As per our TP Global FX review, the company has a customer service unit that is working five times a week; however, they are unavailable on weekends; they have a solid track record; nonetheless, their support team is nothing special. They’ve been given a lot of inflow, so the call can take a while to go through. Traders have the right to escalate concerns if in case the staff doesn’t respond on time. However, there is a faq section for traders, so that they can solve their small doubts easily.
TP Global FX Review: Conclusion
The trading conditions provided by TP Global FX allow you to trade in a number of ways. The spreads are reasonable, & the commissions are somewhat more than the industry norm, but nothing stands out. There are several assets that may be traded. The good news is that there are no additional costs associated with them. TP Global FX’s website might be a good and trustworthy broker to start with if you use one of the two accessible financing methods.