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Tshan Markets

Australia|Within 1 year|
Suspicious Scope of Business|High potential risk|

http://tshanmarket.com/

Website

Rating Index

Contact

+61 401100552
support@tshanmarket.com
http://tshanmarket.com/
SUITE 135, 78 GAWLER PLACE, ADELAIDE, SA, 5000

Licenses

No valid regulatory information, please be aware of the risk!

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+61 401100552

Other ways of contact

Broker Information

More

Company Name

Tshan Markets Pty Ltd

Abbreviation

Tshan Markets

Platform registered country and region

Australia

Company website

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away!
Previous Detection : 2024-11-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Tshan Markets · WikiFX Survey

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Tshan Markets · Company Summary

Tshan Markets Information

Tshan Markets is a newly founded brokerage company located in Australia since Jun 2024. It offers a wide range of tradable assets to global clients, these include currencies, stocks, indices, cryptos and commodities. The company offers demo accounts and relative competitive trading conditions: spread start from 0.0 pips and no commission fees.

However, it should not be neglected that the broker currently operates without any supervision from any recognized regulatory bodies.

Tshan Markets' homepage

Pros and Cons

Pros Cons
Wide range of market instrumentsNo regulation
Zero commissionNo MT4/5 trading platform
Tight starting spreadsNew to the market
Demo accounts

Is Tshan Markets Legit?

No license

The broker operates without any valid supervision from any regulatory authorities. It raises a question about its legitimacy and credibility because regulated brokers usually adhere to strict industry standards to protect customer funds.

What Can I Trade on Tshan Markets?

Tshan Markets provides a wide selection of trading instruments, including over 120 stocks, 23+ indices, and 19 commodities. Additionally, the platform also offers access to 60 currency pairs and 5 cryptocurrencies.

Tradable Instruments Supported
Forex
Commodities
Indices
Cryptocurrencies
Shares
ETFs
Bonds
Mutual Funds
What Can I Trade on Tshan Markets?

Account Type/Leverage/Spread & Commission

Tshan Markets offers a demo account with virtual funds for traders to practice first without losing real money before they tap into actual trading.

A STP account is also available with efficient trading conditions: tight spread from 0 pips and charges no trading commission. Such fee structure reduces trading costs significantly so that traders can keep more of their profits.

Leverage is up to 1:500, but it should be used cautiously to manage potential risks.

However, it is worth noting that the specifics of initial deposit requirements are not disclosed, which could be a consideration for prospective traders.

Trading conditions

Trading Platform

Tshan Markets offers a proprietary trading platform that is available to use on webterminal, iOS and Android devices.

The Tshan Markets app provides a customizable and fast-executing experience, allowing you to manage trades and execute orders directly from your phone with ease.

Moreover, you can trade over a hundred popular CFDs on this platform with just a click, benefiting from a clean and clutter-free design.

Trading Platform

Deposit & Withdrawal

You can fund with this broker through several methods: CryptoPay, Wire Transfer, truemoney wallet, UnionPay and LocalPayment.

The platform claims to supports all banks, witth daily capital injection limit subject to the limit set by trader's bank. Processing time for deposits and withdrawals via banks is within 1 to 5 working days.

Payment options

Customer Support Options

Contact Options Details
Phone+61 401100552
Emailsupport@tshanmarket.com
Support Ticket System
Online Chat
Social Media
Supported LanguageEnglish
Website LanguageEnglish
Physical AddressSUITE 135, 78 GAWLER PLACE, ADELAIDE, SA, 5000
Contact info

The Bottom Line

Tshan Markets is a brokerage company who offers a wide range of financial instruments for its clients. The demo account allows traders to practice their trading strategies and zero commission structure ensures cost-effective trades, espcially for frequent traders. However, the absence of regulation implies less compliance to financial rules and customer protection. So carefully weigh the pros and cons of the broker and ensure you can accept all the drawbacks before you decide to trade with them.

FAQs

Is Tshan Markets safe?

No, we cannot say that the broker is safe due to the lack of regulation.

Is Tshan Markets good for beginners?

No, though the broker offers demo accounts for testing and does not charge trading commissions, it's still not suitable for beginners because it does not provide transparent trading conditions.

What trading platform does Tshan Markets have?

Tshan Markets offers a proprietary platform available on web and mobile devices.

Risk Warning

Online trading involves considerable risk, so it may not be suitable for every client. Please make sure that you totally understand the risks involved and notice that the information above provided in this review may be subject to alteration owing to the constant updating of the company's services and policies.

Review 1

1 Comments
Write a comment
All(1) Latest Exposure(1)
Exposure
I was cheated and cannot withdraw the money. I also have to pay taxes. I don't have any money. I hope everyone can help me.
I received a private message from someone on the Huange Live platform after singing for a week. After another week, we added each other on Line. This person, who claimed to be Mr. Chen, said he is from Hong Kong and runs a daily necessities business there. He also mentioned that he is involved in investments, specifically in international gold. Since I personally buy physical gold, I have some knowledge about international gold and believe that it is likely to rise in value. He asked me to download a platform, an app for Apple phones, where he would call me if there are suitable trading opportunities. He would then instruct me to buy at a certain time and sell when there is a significant profit, essentially closing the position. I would see his profits immediately during each day's trading. One day, the company sent me an email about a promotion: if I deposit $50,000, I can receive a bonus of $8,888 USDT. At that time, I didn't know that if the reserved deposit of $50,000 is not credited to the account, the account would be frozen and the funds in the account cannot be used. I only found out about this rule when I wanted to withdraw funds and the customer service informed me. The company did not clearly explain this rule during the promotion. I discussed this matter with Mr. Chen because he once showed me his significant trading profits, which amounted to several million dollars in principal. In order to prevent my account from being frozen, Mr. Chen transferred funds twice through customer service to my wallet account: $40,000 USDT and $30,000 USDT. At that time, the customer service also told me that I can withdraw funds once the reserved deposit is completed and did not mention anything about taxation. However, when I wanted to make a formal deposit, they informed me that I need to pay a 20% corporate tax; otherwise, I would not be able to withdraw funds. They even imposed a three-day deadline for me to complete the payment of 20% tax, which amounts to a total of 23,000 USDT. Since my principal is still in the account and I haven't withdrawn any funds, I am now retired and do not have the money to pay the taxes.
澐翠
2024-11-22
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