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TLC-TRADER.
TLC-TRADER
Russia
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | $100 — $1999 |
| Minimum Spread | -- |
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| Withdrawal Method | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $2000 — $9999 |
| Minimum Spread | -- |
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| Minimum Position | -- |
| Supported EA | |
| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $10000 — $49999 |
| Minimum Spread | -- |
| Products | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
| Benchmark | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $50000 |
| Minimum Spread | -- |
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| Minimum Position | -- |
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| Depositing Method | -- |
| Withdrawal Method | -- |
| Commission | -- |
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- Total Supplementary Items(B)
- Debt Amount(C)
- Non-Fixed Capital(A)+(B)-(C)=(D)
- Relative amount of risk(E)
- Market Risk
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TLC-TRADER · Company Summary
| Aspect | Information |
| Company Name | TLC-Trader |
| Registered Country/Area | Russia |
| Founded Year | 2020 |
| Regulation | Unregulated |
| Customer Support | No Offered and Inaccessible Website |
| Minimum Deposit | $100 |
| Trading Platform | Yutip Platform(No work) |
Overview of TLC-Trader
TLC-Trader is a trading company based in Russia, established in 2020, and operates without any regulatory oversight.
The company presents several challenges for potential users: it offers no customer support, and its website is inaccessible, complicating any attempts to contact or engage with the company.
Moreover, TLC-Trader requires a minimum deposit of $100 to start trading, but its trading platform, the Yutip Platform, is non-functional. These issues collectively pose significant risks and barriers for anyone considering using their services for trading activities.
Is TLC-Trader Legit or a Scam？
TLC-Trader, a company founded in 2020 and based in Russia, operates without any regulatory oversight, meaning it is unregulated.
This status can significantly increase the risk for traders and investors, as there are no assurances that the company adheres to the financial standards and protections that are typically enforced by regulatory bodies.
Pros and Cons
| Pros | Cons |
| N/A | High Minimum Deposit |
| Inaccessible Official Website | |
| No Customer Support | |
| No Working Trading Platform |
Cons:
TLC-Trader faces significant challenges that can deter potential clients.
Being unregulated, it lacks oversight from financial authorities, which can lead to increased risks for traders concerning security and transparency.
The company requires a relatively high minimum deposit of $100, which could be a barrier for entry-level investors, especially without the assurance of regulatory protection.
The inaccessibility of the official website further complicates any efforts to engage with the company or access its services.
Additionally, the absence of customer support leaves users without assistance or recourse in resolving issues, and the non-functional Yutip trading platform means that trading activities cannot be conducted, undermining the very purpose of signing up with the firm.
Trading Platform
TLC-Trader utilizes the Yutip Platform as its trading platform, but it is currently non-functional, rendering it unusable for trading activities.
This major drawback significantly impacts potential traders who might consider TLC-Trader for their trading needs, as the primary tool necessary for executing trades is inoperative. The situation leaves users unable to access or evaluate the platform's features, performance, or user interface, which are crucial elements for effective trading.
Minimum Deposit
TLC-Trader requires a minimum deposit of $100 for traders wishing to utilize its services.
This threshold might pose a barrier for some individuals, especially novice traders or those who prefer to start with smaller financial commitments when testing a new trading platform.
Conclusion
TLC-Trader, established in 2020 in Russia, faces several critical issues that could deter potential traders. Operating without regulatory oversight, the company lacks the security and trust typically required for financial dealings.
The required minimum deposit of $100 might be accessible for some, but considering the companys inaccessible website, non-functional Yutip trading platform, and complete absence of customer support, TLC-Trader poses considerable risks for anyone looking to engage with its services.
FAQs
Question: What is the minimum deposit required to start trading with TLC-Trader？
Answer: TLC-Trader requires a minimum deposit of $100 to begin trading on their platform. This amount is mandatory for all potential traders who wish to use their services.
Question: Can I use the Yutip Platform for trading with TLC-Trader？
Answer: No, the Yutip Platform, which is TLC-Trader's designated trading platform, is currently non-functional and cannot be used for trading. This major issue prevents any trading activities from being conducted through TLC-Trader.
Risk Warning
TLC-Trader is an unregulated entity, lacking formal oversight from financial regulatory authorities. This lack of regulation may expose clients to increased risks, including potential issues with transparency, operational integrity, and the security of client funds.
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