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TP GlobalFX Reviews

Review of TP GlobalFX

Transparency and innovation are the two main focuses of TP Global FX, a forex and CFD brokerage firm. More than 150 trading instruments, genuine STP prices (spreads starting at 0.1 pip), and a wealth of instructional materials are just a few of the broker’s many features.

Learn more about TP GlobalFX.

In 2017, TP Global FX was established. Their corporate headquarters are in Dubai, but Vanuatu regulates them. They also have offices in Vanuatu, Armenia, Mauritius, Nigeria, and Cyprus.

Through cutting-edge investment technologies and education for its clients and partners, they hope to transform the FX industry. Additionally, the firm provides personalized copy trading services.

Trading platforms

MT4 

The MT4 room is suitable for traders of all skill levels. This is the platform of choice for most brokers, and millions of traders use this service.

MT4 contains several innovative tools, including:

  • Trade History
  • There are three execution modes.
  • 23 analytical objects.
  • 4 types of pending orders
  • 30 technical indicators.
  • Adaptable plotting functions
  • 9-time frames, from one minute to a month
TP Global FX Reviews
TP Global FX Reviews

MT5 

MT5 is a comprehensive multi-asset trading platform designed for experienced traders. Offering more advanced trading tools than its predecessor, this is a powerful online investment solution:

  • 21 timeframe
  • Economic calendar
  • 80 technical indicators.
  • The MQL5 programming language
  • Over 2500 algorithmic trading applications
  • Additional pending orders and execution types

Please note that the MT4 and MT5 trading platforms can be downloaded from the broker’s website.

Markets and Assets

TP Global FX offers a wide range of trading instruments:

  • Metals—gold, silver, and platinum
  • Commodities: Butter, cocoa, cotton, coffee, and sugar
  • Most major indices, including Dow Jones, Nasdaq, and Dax,
  • Forex-USD, EUR, and GBP pairs, as well as minor and emerging currencies
  • A diverse range of global stocks, including major players such as Apple, Amazon, Tesla, and Facebook.
  • Cryptocurrency pairs are traded 24/7.

Live quotes can be found on the TP Global FX website, which is a useful feature.

Spreads and commissions

Spreads at TP Global FX are tight, especially on Pro and VIP accounts. However, the fees are higher than the industry standard. Both spreads and commissions differ on different accounts.

  • Standard: All commissions are included in the spreads on the standard account. Typical spreads for major pairs are between 0.1 and 1 pip.
  • Very tight spreads, from 0.1 to 0.5 pips on major pairs. The commission is higher than most competitors and is $15 per lot.
  • Spreads on the VIP account are also low, from 0.1. The commission is $8 per lot.

Leverage

Since TP Global FX is a non-EU regulated broker, high leverage is available at TP Global FX. Rates vary depending on account type:

  • Standard-Forex and CFD leverage up to 1:500
  • Forex and CFDs up to 1:500
  • VIP-Forex and CFD leverage up to 1:200

High leverage can mean huge profits, but can equally lead to big losses—be sure to use stops and losses.

Mobile app

The MT4 and MT5 platforms, which support mobile devices, are used by TP Global FX. On the Internet, there are numerous manuals for MetaQuotes apps.

Mobile applications are feature-rich and simple to use. A live chat option and 24/7 customer assistance are readily available to address technological concerns. Mobile traders get access to the complete suite of TP Global FX tools, may deposit and withdraw money, and can receive promotions.

Deposits and withdrawals

The minimum deposit requirement is $200. There is no deposit fee, but transactions can only be made through:

  • bitcoin
  • Bank transfer
  • Tether

Money that has been deposited using Bitcoin or Tether can only be withdrawn using the same means. Deposits made via wire transfer can be withdrawn via wire transfer, Bitcoin, or Tether. When you withdraw money in bitcoins or tether, there is no commission. The minimum withdrawal amount for wire transfers is $1,000, and withdrawals below this amount will be charged fees.

While international bank transfers might take up to 5 business days, processing Bitcoin and Tether transfers take 12 to 24 hours on weekdays.

Demo account

The TP Global FX Demo Account enables users to trade in a market environment that is simulated. The user will learn how to read charts, open and close positions, and trade safely in real-time using the account, which is intended for novices.

You can control your leverage levels with £1,000,000 in virtual funds at your disposal. A quick online registration form must be filled out before you can begin trading.

Accounts TP Global FX

There are three levels of accounts in TP Global FX. All of them have different deposits, commissions, and spreads:

  • Standard – $200 minimum deposit, no commission, spreads starting at 0.1 pips, leverage up to 1:500 – ideal for beginners.
  • Spreads start at 0.2 pips, and leverage can reach 1:500, making it ideal for intermediate traders.
  • VIP – $25,000 minimum deposit, $8 per lot commission, spreads from 0.1 pips, leverage up to 1:200 – ideal for experienced traders.
TP Global FX Reviews
TP Global FX Reviews

Customer Service

Customer support is available 24/5 via email, phone, live chat, or through a support message on the website:

  • Chat-Live chat icon
  • Phone – +1 7754366970
  • Contact us at support@tpglobalfx.com.

Safety

The terms and conditions and privacy policy are located at the bottom of the TP Global FX website. To stay current with global information technology and data protection norms, security protocols are periodically examined. Platforms for MetaQuotes also employ industry-standard security procedures.

Countries with which TP Global FX works and does not work

TP Global FX accepts traders from Australia, Thailand, Canada, the United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar, and most other countries.

Traders cannot use TP Global FX from the United States.

Conclusion

Young broker TP Global FX has a strong commitment to technology advancement and education. It will be intriguing to watch how the brokerage changes when new educational programs are implemented. The absence of high-level regulators is a drawback in its current form. TP Global FX is tough to trust due to its restricted product selection and account protection options.

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