TP Global FX Review 2023: Scam Or Legit? Pros & Cons Revealed

TP Global fx review
TP Global is redefining the forex industry by providing the best trading conditions, something what every trader looks for in a brokerage platform.

Table of Contents

TP Global FX is a Forex and CFD brokerage platform offering a range of trading instruments, real STP pricing, and various trading resources and educational materials. The platform focuses on providing innovative and advanced trading solutions to traders with a focus on transparency and innovation. Take an in-depth look into the platform through this detailed TP Global FX review 2023.

Established in 2017, TP Global Fx operates a headquarters in Dubai, with several offices in Mauritius, Cyprus, Armenia, Nigeria, and Vanuatu. The broker is redefining the forex industry by providing the best trading conditions, something that every trader looks for in a brokerage platform. 

Due to the broker’s strong ties with reputable banks and non-bank liquidity sources, True STP pricing is now available to users. True STP pricing offers investors competitive opportunities to trade with TP Global FX and contributes to reducing the bid-ask spread. 

At the same time, the feature that attracted me the most as a trader was its custom copy trading service. Before writing this TP Global FX Review, I thoroughly analyzed and used the platform to deliver the best possible verdict. 

TP Global FX Review 2023: Overview 

TP Global is a Forex and CFD broker based in Saint Vincent and Grenadines. The platform emerges as the best broker for forex trading with a range of markets to trade in and available services. 

The TP Global broker intends to provide the best trading conditions using the industry-best AI/ML-based trading services.

Official Website https://tpglobalfx.com/
Founded 2017
Headquarters Dubai
Regulated Vanuatu Financial Services Commission (VFSC)
Available Financial Instruments Forex, Metals, CFDs, Indices, Stocks
Minimum Deposit $50
Islamic Accounts Available
Demo Account Available
Maximum Leverage 09:20
Trading Platforms MT4 & MT5
Trading Fees Varies depending on account type.
Inactivity Fees None
Customer Support 24/5
Withdrawal Fees Varies

Is TP Global FX A Scam? Must-Read Before Trade

TP Global claims to be the most trusted forex broker in the market. As a platform user, I dug deep to find it before starting with the platform. Despite being an offshore broker based in Vincent and the Grenadines, TP Global FX is well-regulated by the Vanuatu Financial Services Commission (VFSC). 

Meanwhile, the platform has also won the title ‘Most Transparent Global Broker’ at the Forex Expo 2021, which says a lot about its legitimacy. At the same time, the platform also implements robust security measures, which I personally think are above industry standards. 

Another factor that adds to its legitimacy is the majority of positive reviews from its users. Additionally, I didn’t find any scam-related complaints. Henceforth, TP Global is a safe fx brokerage to trade with. 

Tp Global Fx Review: Pros And Cons 

While using the brokerage platform, I encountered various appreciable features. At the same time, there are some drawbacks that can’t be ignored. So, I listed out a few pros and cons of the broker so that you can get a clear idea of whether it’s a good fit or not. 

Pros Cons
Security is on top of everything. Limited to only five countries.
Low minimum deposit requirements & charge-free withdrawals are the platform’s USPs. High withdrawal amount
A wealth of educational material is available on the platform. The interface could be improved.
The platform offers great deals, bonuses, and promotions. 
Availability of the advanced MT5 platform 

TP Global FX’s Review: Commission & Fees

There is no fee for trading on the platform. However, you may incur a commission charge (As I did), which typically depends on the trade size and the account type. 

Account Type Spreads Commission
Standard 1.2 pips N/A
Pro 0.2 pips $8 per lot
Institutional/VIP 0.2 pips $15 per lot

As an experienced Forex trader, I feel the spread charges of the platform are low and competitive, but the high commission charges disappoint me. So, I think trading on commission-free platforms like InvestFW is a good idea rather than paying higher commission charges. 

Tp Global Fx Review 2023: Deposit Methods & Minimum Requirements 

The best part of trading with TP Global FX is its low initial deposit requirement, which is just $50. Additionally, the broker doesn’t charge any fee for depositing funds. The platform also accepts crypto deposits. 

Available deposit methods include 

  • Wire Transfer
  • Bank Transfer 
  • Crypto Deposits (Bitcoin, Tether)

How Can You Withdraw Funds?

The biggest drawback of the platform remains its high withdrawal limits, which are set at $1,000. Withdrawals of less than this amount are subject to a fee. The withdrawal requests in crypto transactions may take up to 12-24 hours, while bank transfers are expected to process in 6 working days. 

To withdraw funds from your account, click on the ‘Withdraw’ icon, select the transaction type and follow the on-screen instructions. 

Major Market Instruments Offered By TP Global Fx?

In my search for the best forex brokers, I found TP Global FX to be the best fit for the title. And the primary reason behind it will remain its range of product offerings. You can single-handedly manage trading in different markets from one place. 

The available market instruments on the platform include:

Forex

With the broker, you can trade forex with various currency pairs to suit your preferences. The available forex pairs include all major pairs, such as GBP/USD, EUR/USD, USD/CAD, USD/JPY, USD/CHF, NZD/USD, and AUD/USD. 

It also offers a long list of minor pairs like 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.

Commodities

The platform offers a wide selection of commodities, including soft and hard. Also, you can trade precious metals such as gold, silver, and copper. 

Indices

Stock indices represent the market value of a particular stock market segment. TP Global FX offers a long list of the world’s largest stock indexes, including 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 Types? 

The broker primarily offers three account types to traders. These accounts suit both beginners and experienced traders. Below, I have listed the features, minimum deposit requirements, spreads, margin requirements, and maximum leverage of each account type. 

Standard Account Pro Account Institutional Account
Minimum Deposits $50 $500 $25,000
Spreads 1.2 Pips 0.2 Pips 0.2 Pips
Maximum Leverage  1:500 1:500 1:200
Commission $0 $15 Per Lot $8 Per Lot
Swap Free/Islamic Available Available Available
Margin Call 100% 100% 100%
Stop-Out Level 40% 40% 40%

Demo Account

TP Global’s demo account is probably the best I have used. The interface was much the same as the real trading account. The trading conditions were great, and so was my experience. 

TP Global FX Review: Account Opening Process

TP Global FX account opening process is much like other forex brokers (as I found). All the features and easy-to-understood user interface make the account opening procedure even more convenient. 

  • Visit the official webpage of TP Global FX and click on the Register icon. 
  • Now, enter your details, such as first name, last name, e-mail, country, city, and phone number, and click on the ‘Create Account’ icon. 
  • Following that, upload your documents for verification, and choose the account type.
  • Once the verification process is completed, you’re all set to start trading on the platform by entering the TP Global login credentials. 

Tp Global Fx Review: Ongoing Contests, Bonuses & Promotions

TP Global introduces new offers and bonuses from time to time. So, let me introduce you to the ongoing contests on the platform. 

Traders Contest

The company recently concluded the Dubai Forex Expo competitions, in which winners won trips, iPhones, and other prizes.

Partnership Program

TP Global’s (IB) program rewards businesses and individuals globally for introducing new customers to the brokerage firm.

Each TP Global services limited IB is given an account manager to help them expand their business and ensure they get the best support. 

Welcome Bonus

The welcome bonus at TP Global FX entitles you to a few initial advantages. It also offers a well-known deposit bonus, which rewards players for making certain deposits into their trading accounts.

Tp Global Fx Review: Trading Platforms

The user interface of the brokerage is appreciable as it offers both MT4 and MT5 platforms. There is no dearth of advanced trading tools. These platforms can be used on web-based versions as well as downloaded on smartphones. 

MetaTrader4

MT4 is probably the best trading platform, not just for me but for thousands of traders using it. The platform’s advanced trading tools and simple user interface are the points of attraction. Here are some of the features of the MT4 platform that I found interesting to be posted: 

  • 21+ timeframes
  • Economic calendar
  • 80+ technical indicators
  • In-Depth Market data

MetaTrader5

MT5 is an advanced version of MetaTrader4 and is designed keeping in mind the needs of professional traders. The advanced features of this platform are worth noting, including trading signals and bots for automated trading. 

  • 21+ timeframes
  • Economic calendar
  • 80+ technical indicators
  • In-Depth Market data
  • 23+ analytical objects
  • TP Global FX automation trading
  • Trading history
  • MQL5 programming language
  • 2,500 + algorithmic trading applications
  • Three execution modes
  • Four pending order types

Mobile Application

The forex broker offers an advanced FX app for on-the-go traders like many of us these days. The tools and interface offered by the TP Global FX app are exactly the same as the web-based platform. 

  • Trading history
  • Three execution modes
  • Four pending order types
  • 21+ timeframes
  • Economic calendar
  • 80+ technical indicators
  • In-Depth Market data
  • 23+ analytical objects

Tp Global Fx Review 2023: Educational And Research Resources?

As many brokerage platforms fail to provide educational support to their users, TP Global FX offers extensive educational materials. Before starting to trade, it would be helpful if you read the interactive articles, videos, and blogs available on the website. 

The platform’s research support is the next thing I found o be most useful as a trader. The platform offers a long list of trading tools for research, including pip, margin, Fibonacci, pivot, and profit calculators. An economic calendar is also available. 

Tp Global Fx Review 2023: Customer Support

As we are coming to the end of this detailed TP Global FX review, the company offers 24/5 customer service. Although it is a good platform, customer support is average. The waiting time for clients may take a long time to process. 

However, traders can get a quick response to their general queries through the FAQ section. Here are the contact details of TP Global FX:

TP Global Fx Reviews & Ratings

The platform has a good reputation among its existing users, with the majority of them satisfied with the services. It has a rating of 4.4/5 on Trustpilot, which is considered good enough for a trading platform. Talking about Tp Global Fx ranking, it is among the top forex and CFD brokers in the world.

tp global fx reviews

Tp Global Fx Review: Conclusion

TP Global FX is a great platform to get started in the financial markets because of its user-friendly interface. The appreciable features of the platform include an extensive range of trading markets and low spreads within the market range. 

The TP Global FX website can be a decent and reliable broker. However, high commission charges are still the biggest drawback of the platform. So, if you want to save on commission charges, I have a better forex broker alternative Investby, InvestFW. The platform has zero commission charges with an industry-best fee structure. 

FAQs

How Do I Get TP Global FX Login Credentials? 

Opening an account on the TP Global FX brokerage platform will automatically create login credentials. Users can sign into their account using the TP Global login and start trading forex. The brokerage sends the login credentials to the users’ registered e-mail. 

Is TP Global FX Legal In India?

Yes, TP Global FX is legal in India as it holds an operating license from VFSC and provides services in various nations, including India. As forex trading is completely legal in India, trading with such a platform is safe and legal. 

Does TP Global Support Global Forex Trading?

Yes, the platform supports global forex trading by offering a range of popular forex pairs, including USD/EUR, EUR/GBP and USD/JPY. Additionally, the broker offers services in all major countries across the globe, with appreciable customer support available 24/5. 

Which Is The Best Broker For Trading Forex?

As per my experience, there is no such thing as the best broker for trading forex. Every broker offers one-of-a-kind features that may suit some traders. However, some prominent names in our list of best forex brokers include TP Global FX India, InvestFW, and ABInvesting.

Which Are The MetaTrader4 Brokers in India?

Some of the best MetaTrader4 brokers in India include InvestFW, TPGlobalFX India, PrimeFin, and ABInvesting. These brokerage firms offer not only web-based platforms but also provide advanced fx apps for mobile trading. 

Is TP Global FX A Sebi Registered Forex Broker?

No, TP Global FX is not a Sebi-registered forex broker, as it is not regulated in India. However, this doesn’t mean the broker is a scam. Instead, the brokerage is well-regulated by the Vanuatu Financial Services Commission (VFSC).

Is TP Global Trusted?

Considering the regulatory compliance of the broker, TP Global can be trusted. Despite being an offshore broker, it is regulated by the top-tier regulatory body – Vanuatu Financial Services Commission (VFSC). At the same time, it is facilitated with the title of most transparent global trustworthy broker at the Forex Expo 2021.

When Did TP Global FX Start?

TP Global FX started operations in 2017. They are currently regulated in Vanuatu, with the headquarters in Dubai. Since its starting, it has been considered the best and most award-winning forex and commodities broker in India and abroad. 

Who Is The Owner Of TP Global Fx?

The current CEO of TP Global FX is Nitish Sharma. By profession, Sharma is a professional data scientist, visionary, and an experienced trader in the forex industry for over 15 years, currently leading the best forex company in India – TP Global FX. 

How Can I Open A TP Global Fx Account?

The first step is to visit the broker’s official website and click on the Register icon. Complete the application form, upload the documents for verification, and select the account type. Once the verification process is completed, you can start trading on the platform. 

How Do I Withdraw Money From TP Global?

Users can withdraw funds that are surplus to any margin requirement at any time. To request a withdrawal on TP Global FX, simply login to the Client Portal and select ‘Withdraw’. Now, enter the amount to be withdrawn, select the payout method, and follow the on-screen instructions. 

Which Is The Best Broker Forex In The World?

The world’s best forex broker includes the names of some of the most prominent market leaders. However, according to our deep analysis, InvestFW seems to be winning.

TP Global FX Is SEBI-Registered? Is It True?

TP Global FX is not a Sebi-registered forex broker, as it is not regulated in India.

Where Is Tp Global Fx India Office?

The company doesn’t have any offices in India or other Asian countries. Meanwhile, the headquarters of the company is situated at 1810, 1811, Prime Tower, Business Bay, Dubai, UAE.

Who Is Tp Global Fx Owner?

The platform is owned and operated by – TP Global Services Limited, a company registered in St. Vincent and the Grenadines with Number 25274 BC 2019, with head office at Suite 305, Griffith Corporate Centre, Beachmont, P.O.Box 1510, Kingstown Saint Vincent and the Grenadines.

X

  • Get a Callback

    A trusted broker will contact you today.