TP Global FX Review
Headquartered in Saint Vincent and the Grenadines, TP Global FX is an online financial services provider that offers easy access to various financial markets — forex, metals, indices, stocks, and CFDs — using the MT4 and MT5 trading platforms. They provide traders with various learning and trading whilst offering reliable customer support. The minimum deposit required to start trading is $200.
TP Global FX Review, Pros & Cons
- Easy to use MetaTrader 4 trading platforms
- Educational resources
- Trading tools
- Over 100 financial instruments
- Lacks strict regulation
- Minimum $200 deposit
- Not the lowest commissions
- Limited account deposit/withdrawal options
- No USA traders
In this detailed TP Global FX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
TP Global FX Overview
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, over 100 financial instruments are available for trading, whilst commission fees of around $15 are charged.
TP Global FX Regulation
TP Global FX is owned and operated by TP Global Services Limited, which is registered in St. Vincent and the Grenadines with Number 25274 BC 2019.
TP Global FX Countries
The broker offers its service to residents of countries and jurisdictions where the use of such services would not be contrary to local laws or regulations.
Some TP Global FX features and products mentioned within this TP Global FX review may not be available to traders from certain countries because of legal restrictions.
TP Global FX Platforms
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.
TP Global FX Trading Tools
Apart from those tools that were built into the provided trading platforms, traders benefit from some standalone trading tools, such as Economic Calendar, Trading Calculators, Copy Trading, and Technical Analysis tools.
TP Global FX Education
The “Resources” section of the broker’s website contains various educational resources that are designed to improved clients’ knowledge of the financial markets. The available resources include learning articles, blogs, trading guides, and news.
TP Global FX Instruments
TP Global FX offers the following financial markets: forex, metals, indices, stocks, CFDs, and more.
TP Global FX Accounts & Fees
TP Global FX offers a choice of three live trading account types: Standard ($200), Pro ($500), and Institutional ($25,000) Accounts. A demo account is also provided for practice purposes.
As broker fees can vary and change, there may be additional fees that are not listed in this TP Global FX review. It is imperative to ensure that you check and understand all of the latest information before you open a TP Global FX broker account for online trading.
TP Global FX Support
The broker provides clients with a knowledgeable client support team who are available 24/5 and can be reached via telephone, email, Live Chat, and social media.
TP Global FX Deposit & Withdrawal
At TP Global FX, all account deposit and withdrawal requests are processed using bank wire transfers and cryptocurrencies (Tether and Bitcoin).
TP Global FX Account Opening
To open an account, click on the ‘Live Account” button on the homepage of the broker’s website. Ensure you fill out the account application form correctly, providing all the requested details.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree with them.
TP Global FX Summary
Putting it all together, TP Global FX is a multi-asset brokerage firm that operates from Saint Vincent and the Grenadines. They allow traders to buy and sell over 100 trading products using the MT4 and MT5 trading platforms whilst providing them with a selection of resources and conditions for a hitch-free trading experience. The minimum deposit required to start trading is $100, and leverage of up to 1:500 is available.
Forex and Contracts for Difference (CFDs) are leveraged products. Trading in these products is highly speculative and involves substantial risk. Please note that even knowledgeable and well-experienced investors can experience large potential losses as a result of trading in Forex and CFDs. Consequently, investors should be fully aware of all the risks involved when trading Forex and CFDs and accept all the negative consequences associated with such trading. Please always remember that trading in Forex and CFDs might not be suitable for all investors. It is desirable for investors who would consider trading, to do so only with money that they can afford to lose.