TP Global FX Review

Richard Montana | November 17, 2022

TP Global FX is an online brokerage firm that provides CFD trading to a global clientele. The broker offers simple access to various financial markets for buying and selling various asset classes including forex, metals, indices and stocks. You can trade online with TP Global FX using the popular MT4 and MT5 trading platforms for all of your desktop, web and mobile devices. There is also the option of trading with the modern and intuitive TP Global FX Trader which is the brokers proprietary trading platform.

They provide beginners with various learning resources including trading guides and tutorial videos to bring you up to speed with the financial markets. The minimum deposit required to start trading is $50 for the standard account whilst demo trading accounts are available at no charge. You will need a deposit of at least $500 to get access to spreads from just 0.2 pips. The brokers reliable customer support team is on hand 24/5 and happy to assist you as and when needed.

I think that TP Global FX have a basic offering for anyone looking to trade online with minimal fuss, however I would like to see them become regulated by a top-tier regulator in order to attract more clients.

Pros & Cons
  • Good choice of trading platforms and apps
  • Over 200 CFD instruments to buy and sell
  • Competitive trading conditions
  • Daily in-depth market analysis by the economist
  • Detailed educational resources
  • Flexible account types
  • Free demo accounts
  • Swap-free Islamic accounts
  • Good range of funding options
  • Responsive 24/7 customer support
  • No top-tier regulation
  • Could add more E-Wallet funding options
  • Limited choice of asset classes
  • Minimum $500 for account with smaller spreads

Summary

TP Global FX is an online trading broker that provides traders with competitive trading conditions — such as low spreads, flexible leverage, multiple account options, various payment methods, and more — to make it easier for them to enjoy their trading experience. On the broker’s platform, there is a decent selection of over 200 financial instruments are available for trading with forex spreads starting from 0.2 pips.

TP Global FX implements advanced forex trading technologies along with true STP pricing. STP stands for Straight Through Processing and refers to the technology that optimizes speed at which transactions are being processed. By shortening the order execution processing time, the broker ensures that trades are executed within 1 nanosecond at real time prices with no re-quotes and no rejections of orders.

In addition to a sound trading infrastructure, the broker offers you free access to some useful trading tools including trading calculators, an economic calendar and the excellent Trading Central market analysis software.

AvaTrade Logo

Our #1 Broker 2022
AvaTrade is an award-winning and multi-regulated broker offering a great selection of trading instruments including Forex, Cryptos, Stocks and Commodities. You can trade on all of your devices via user-friendly platforms with excellent trading conditions and no commission fees.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

Regulation

When it comes to choosing a trading broker, regulation is one of the first things that would look out for. This is because a regulated broker can give you certain protections that an unregulated broker cannot. However, it is also important to consider that not all regulators are the same. Some are stricter than others and vice versa.

That being said, TP Global FX is regulated by the Vanuatu Financial Services Commission (VFSC). The VFSC is the top authority and representative of the country in everything concerning the supervision of financial business as well as its regulation.

To be honest, many professional traders would not consider this to be top-tier regulation. They would want to look for a trading broker that is regulated by a top-tier regulator such as the FCA in the UK or the ASIC of Australia. Regardless, it is still perhaps better than no regulation at all.

If you would prefer to use an online brokerage firm that is regulated in multiple continents by some of the leading regulators, then you might want to consider AvaTrade as an alternative option. They are one of the most well-regulated brokers that you will find.

Platforms

TP Global FX Trader

The TP Global FX state-of-the-art online trading platform is freely available for trading online via your smart devices. You can use the mobile trader application to connect to your trading account and get the latest and livestock prices and currency quotes, at any time you can perform trades, check the history of your trading account and check the performance of your trading activity with advanced trade analysis graphs. I think the TP Global FX trading platform is simple and will do the job if you are not running any complex trading strategies. If you are looking for something that packs more of a punch, then you might want to have a look at our best trading platforms for some inspiration.

  • Place instant market and pending orders quickly
  • Manage all or partially your opened positions easily
  • Close all or partially close your current opened positions
  • Modify or cancel your opened orders
  • Access detailed trading history
  • Get detailed information for symbols
  • Monitor your account summary in real time
  • View the detailed net trade screen
  • Track your activity via the advanced history analytics graph screen
  • Landscape enabled for better viewing of application
  • Dark mode-ready application to go easy on the eyes
  • Supports physical account information
  • Load and study trading charts
  • Stay up to date with marketing news data
  • Send mails between trading room and other traders
TP Global FX Trader

TP Global FX Trader

MetaTrader

TP Global FX provides traders with advanced trading platforms, MT4 and MT5, which were developed by MetaQuotes in 2005 and 2010 respectively. While the MT4 trading platform is packed with advanced trading tools and offers straightforward access to even the most dynamic financial markets, MT5, which was developed to succeed it, has even more trading tools and capabilities, including nine chart types and 21 timeframes. MT5 is a more-advanced multi-asset platform for trading currencies, metals, stock exchange instruments, and hundreds of other derivative assets. Both the MT4 and MT5 trading platforms are available in the desktop, web, and mobile versions.

  • Supports manual and automated trading
  • Get real time price quotes via the market watch window
  • Choose from lots of indicators for analysing the markets
  • View financial instruments on multiple chart timeframes
  • Set price alert notification via email, SMS and platform popups
  • Develop customised trading tools in the MQL language
  • Access thousands of platform add-ons from the marketplace
  • Trade ion your desktop, in your web browser or on your mobile device
MetaTrader Platforms

MetaTrader Platforms

TP Global FX Mobile App

The TP Global FX Mobile App gives you a very convenient way to manage all of your transactional needs in just a few clicks on your phone. I think it is important to be able to quickly and easily access all of the important account features at any time you need to. This is a handy little trading app that can compliment the other platforms just to keep track of your account.

  • Find a one-stop solution for Trading Account opening
  • Singe click deposit and withdrawals
  • Get the latest market updates
TP Global FX Client Portal

TP Global FX Client Portal

Tools

Apart from those tools that were built into the provided trading platforms, traders can benefit from some standalone trading tools, such as an economic calendar, trading calculators, copy trading, and the brilliant Trading Central technical analysis tools.

Trading Central

Trading Central is a research portal that uses technical analysis to scan the markets and find you actionable trade ideas, saving you precious time. As a third-party source of analysis and information Trading Central is unsurpassed and well-known to be reliable. In fact, because of the quality of the data it provides it has been added as a certified member of three Independent Research Providers associations: Investorside Research, Euro IRP and Asia IRP.

Trading Central Analysis

Trading Central Analysis

Alpha Generation

By providing three innovative indicators that reflect market psychology, and help you find trading opportunities and entry/exit locations, TC Alpha Generation helps you to make decisions with confidence.

Trading Central Alpha Generation

Trading Central Alpha Generation

Technical Analysis View

TC Technical Views offers quick positions for the most liquid assets at any moment for investors seeking for their next big idea. TC Technical Views is a collection of experts second opinions for people who already have an investing concept.

Trading Central Technical Analysis Views

Trading Central Technical Analysis Views

Economic Calendar

The TC Economic Calendar gives you the ability to effortlessly monitor, foresee, and respond to potentially market-moving events thanks to real-time, actionable macroeconomic data.

Trading Central Economic Calendar

Trading Central Economic Calendar

Newsletters

Personalization is essential to providing the most beneficial and useful insights in the crucial moments. At TP Global FX, they provide various customization choices and make it easy and economical, allowing you to select the ones that are best for you.

Trading Central Newsletters

Trading Central Newsletters

Education

TP Global FX offer expert educational and training resources like online webinars, local seminars and much more, to keep traders updated. When trading with them you can improve your knowledge of the markets and trading skills on a daily basis.

You can download the TP Global FX Education app to learn how to trade on different financial instruments provided by the broker. They have covered all the aspects of trading to kick start your learning and bring you up to speed with the markets.

  • Short Summary on Latest News and Views
  • Expected Volatility on the basis of Technical Analysis
  • Brief on Major currency pairs through the fundamental analysis provided
TP Global FX Education App

TP Global FX Education App

Markets

With TP Global FX, you can enjoy competitive spreads and fast execution on more than 200+ trading instruments. You can trade CFDs on forex, stocks, indices, cryptos and metals. CFD trading is a method of trading in which an individual engages in a contract with a CFD broker, rather than purchasing the underlying asset directly. CFD is short for “Contract for Difference.”

In recent years, CFDs have become the most popular way for online investors to trade commodities, indices, currencies, and stocks. Since CFD trading does not involve the actual asset and operates independent of the market, it allows for greater flexibility than traditional trading — for example, access to foreign markets, leveraged trading, fractional shares, and short selling.

Whilst TP Global FX have major currency pairs, major stocks and popular cryptocurrencies, they are lacking in terms of some other asset classes including ETFs, options and bonds. If you are looking to trade thousands more financial instruments to build a more diverse portfolio, then you might want to consider the industry leading IG broker as an alternative option.

Accounts

TP Global FX make finding the right account according to your own individual needs as easy as possible. The Forex account comparison helps you choose the Forex account that works best for you.

The broker offers three types of live Forex trading accounts, which are the Standard, PRO, and Institutional Accounts. Each of TP Global FX’s live trading accounts is tailored according to different traders and comes with its own conditions. They also have an Islamic account option for Muslim traders and demo accounts for those who want to practice their trading strategies.

Whether you are just beginning in the market or you are a Forex trading expert, TP Global FX have a forex account for all. The customer support team is there to understand and match your knowledge and market interest to find the best trading account for you.

With special assistance in account comparison, they let you analyse and compare different individual requirements, your investment goals, and other crucial factors such as your financial background.

Support

The broker provides you with direct access to a knowledgeable client support team who are available 24/7 and can be conveniently reached via telephone, email, live chat and through various social media channels. Having a support team available around the clock is very important when you consider different trader time zones and the fact that you might need support at any time in case of an emergency issue with your account.

I must admit they are one of the more active brokers on social media that I have come across. They are constantly posting updates and market analysis which is good to see. I can also appreciate how they have taken the time out to respond to both positive and negative feedback posted online as this is not something all brokers do. You can also get access to a dedicated account manager and take advantage of the brokers personalized trading services.

Funding

With TP Global FX you can choose from various deposit methods that suit you the best. They have a good variety that ranges from bank wires, E-Wallets, Cryptocurrencies, and Debit/Credit cards. I think it is important to choose a broker that does support fast methods of funding such as card and online payment processors as you may need quick access to your trading funds in order to try and capitalise on any unexpected market moves. However, I would like to see TP Global FX support some more of the most popular E-Wallet providers that are household names.

The broker does not charge any fees on their side but make sure you check with the payment provides that you are using as there are likely to be third-party fees. This could be a banking fee or blockchain fee for example. The time it takes for deposits or withdrawals to complete can depend on the method that you use. Bank transfers can take a few business days to clear which might not be ideal if you want to start trading right away.

Compare Broker Features

Compare Brokers (vs Our Top 3 Brokers)
This BrokerAvaTradeIGIC Markets
Founded200619742007
RegulatedADGM FRSA, ASIC, BVIFSC, CBI, FFAJ, FSCA, IIROC, JFSAASIC, BaFin, CFTC, DFSA, FCA, FINMA, FMA, FSA, FSCA, JFSA, MAFF, MAS, METI, NFAASIC, CySEC, FSA, SCB
Min. Deposit$100$250$200
CommissionFrom $0From $0From $0
SpreadsFixedVariableVariable
Leverage1:4001:2001:500
InstrumentsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Options, Bonds, ETFsForex, Commodities, Crypto, Stocks, Indices, Bonds
PlatformsMetaTrader 4, MetaTrader 5, AvaTradeGO, AvaOptions, AvaSocial, DupliTrade, ZuluTradeMetaTrader 4, IG Platform, IG Progressive Web App, ProRealTime (PRT), L2 Dealer, FIX APIMetaTrader 4, MetaTrader 5, cTrader
FundingBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-WalletsBank Transfer, Credit/Debit Card, E-Wallets
TradeTradeTradeTradeTradeTradeTradeTrade

Conclusion

Putting it all together, I think that TP Global FX can be a decent choice of broker for anyone who is looking for no-nonsense access to trade the global markets. TP Global FX is a multi-asset brokerage firm that is headquartered in Dubai but regulated in Vanuatu. They allow traders to buy and sell over 200 CFD trading products using the user-friendly MT4 and MT5 trading platforms and an intuitive proprietary trading app. They also provide clients with some learning resources and trading tools to help them with make informed trading decisions. There are flexible account types to choose from and a 24/7 support team who are prompt to response. However, I think they could improve by adding some more asset classes, additional payment options and top-tier regulation.

TP Global FX Logo

$50

TP Global FX is a CFD broker with a decent selection of over 200 CFD instruments for trading with competitive conditions on the MetaTrader platforms. Clients get free access to the powerful market analysis tool Trading Central and 24/7 customer support.

Between 74-89% of retail investor accounts lose money when trading CFDs with this provider.

About the Author

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Richard Montana
Richard has many years of experience in broker research, testing, analysis and reviews. He knows what to look for through years of trading himself with different brokers and listening to the feedback of others.

Review Methodology

For all of our broker reviews, we research, validate, analyse and compare what we deem to be the most important factors to consider when choosing a broker. This includes pros, cons and an overall rating based on our findings. We aim to help you find the best broker according to your own needs. You can read more about our review process.