TCC

Overview of Top Capital Corporation Limited

TCC, or Top Capital Corporation Limited, purports to offer traders access to the MetaTrader4 trading platform. Registered in the United Kingdom since 2009, TCC claims to provide a variety of market instruments, including Forex, CFDs, and derivatives.

However, it's crucial to note that TCC's license has been revoked by the UK's Financial Conduct Authority (FCA), raising regulatory concerns. Despite its diverse offerings, traders should exercise caution and consider the revoked license when evaluating TCC as a potential trading partner.

Is TCC legit or a scam？

It's important to note that TTC's license has been revoked by the Financial Conduct Authority (FCA), the regulatory agency in the United Kingdom. This means that TTC is no longer authorized to provide financial services or act as an appointed representative in the UK. TTC's regulatory status is as follows:

• Current Status: Revoked

• License Type: Appointed Representative (AR)

• Regulated By: United Kingdom

• License No.: 796510

Pros and Cons

Pros:

1. MT4 Trading Platform: TCC offers the widely acclaimed MetaTrader 4 (MT4) trading platform. MT4 is renowned for its user-friendly interface, extensive charting tools, and support for automated trading through Expert Advisors (EAs).

2. Mobile Trading: TCC provides the flexibility of mobile trading, allowing traders to access their accounts and execute trades from anywhere at any time.

3. Competitive Spread: TCC offers highly competitive spreads, starting from as low as 0.03 pips. These narrow spreads contribute to cost-efficiency in trading, potentially maximizing traders' profit margins.

4. Competitive Leverage: TCC offers competitive leverage of up to 1:500. Leverage allows traders to amplify their market exposure, potentially magnifying profits.

Cons:

1. Lack of Regulatory: One of the notable drawbacks is the lack of clear regulatory information for TCC. Regulatory oversight provides a layer of protection and transparency for traders.

2. Complaints: TCC has received a significant number of complaints, which raises concerns about the broker's reliability and customer satisfaction.

3. Limited Educational Resources: TCC lacks comprehensive educational resources. While they may provide basic trading guides and video tutorials, the absence of in-depth educational materials can be a drawback for traders seeking to enhance their knowledge and skills in the financial markets.

4. Unstable Customer Support Processing: There have been reported concerns about the stability and responsiveness of TCC's customer support.

Market Instruments

TCC boasts an extensive array of market instruments designed to cater to the diverse needs of traders. These encompass:

1. Foreign Exchange (FX): TCC provides access to the foreign exchange market, also known as Forex. Forex trading involves the exchange of currencies and is renowned for its high liquidity and potential for profit in the global currency markets. Traders can engage in various currency pairs, allowing them to capitalize on fluctuations in exchange rates.

2. CFDs (Contracts for Difference): TCC offers Contracts for Difference (CFDs) as part of its market instruments. CFDs enable traders to speculate on the price movements of various assets without owning the underlying asset itself. This includes indices, commodities, stocks, and more. CFD trading provides flexibility and the potential for profit whether prices are rising or falling.

3. Derivatives: TCC's market instruments also encompass derivatives. Derivatives are financial contracts whose value derives from an underlying asset, index, or reference rate. These instruments enable traders to hedge against market risks, enhance portfolio diversification, and engage in sophisticated trading strategies.

By offering such a broad spectrum of market instruments, TCC ensures that traders have access to diverse trading opportunities, allowing them to tailor their portfolios and strategies to their specific financial goals and risk tolerance.

Account Types

TCC exclusively offers a single account type, the Standard Account. With a substantial leverage of 1:500, this account allows for significant market exposure, making it suitable for both beginners and experienced traders. Traders can benefit from competitive spreads starting at just 0.03 pips, enhancing the cost-efficiency of their trades.

To get started, a minimum deposit of USD 200 is required, making it accessible to a wide range of traders. Deposits and withdrawals can be conveniently made via bank wire transfer, credit card, and debit card.

How to Open an Account？

Opening an account with TCC is a straightforward process. Here are the steps broken down into six clear and concise points:

1. Visit TCC's Official Website: Start by accessing TCC's official website through a web browser.

2. Select “Open an Account”: On the website's homepage, look for the “Open an Account” or “Sign Up” button and click on it.

3. Choose Account Type: You'll be prompted to select your preferred account type. TCC typically offers a Standard Account. Choose the one that aligns with your trading preferences.

4. Fill Out the Online Application: Complete the online application form with your personal information. This may include your full name, contact details, and financial information. Ensure all details are accurate.

5. Submit Required Documentation: Upload the necessary identification documents, which often include a valid ID, proof of address (e.g., utility bill or bank statement), and any other documents specified by TCC.

6. Review and Approval: TCC will review your application and documents. Once approved, you will receive confirmation along with your account login details. Be prepared for a Know Your Customer (KYC) process if required.

Leverage

TCC offers leverage up to 1:500 for FX trading. Leverage is indeed a potent tool that can amplify your profits, but it's crucial to recognize that it can equally heighten your level of risk.

Spreads & Commissions

TCC offers a competitive spreads, starting from an impressively tight 0.03 pips. These low spreads are a significant advantage for traders as they contribute to cost-efficiency in their trading activities.

Trading Platform

TCC offers traders access to the widely acclaimed MetaTrader4 (MT4) trading platform, recognized for its exceptional features and versatility. Below, we delve into the key aspects of this platform:

User-Friendly Interface: MT4 boasts a user-friendly interface that caters to traders of all experience levels. Its intuitive layout makes navigation and order placement seamless, even for beginners.

Advanced Charting Tools: The platform provides robust charting tools, empowering traders to conduct in-depth technical analysis. It offers a diverse range of technical indicators and charting options, allowing traders to customize their charts to suit their preferences.

Automated Trading with Expert Advisors (EAs): MT4 supports automated trading through the use of Expert Advisors (EAs). This feature enables traders to implement automated trading strategies, execute trades, and manage positions without constant manual intervention. EAs can be developed or acquired from the vast MT4 marketplace.

Technical Indicator Library: MT4 offers an extensive library of technical indicators that traders can employ to enhance their trading strategies. These indicators help in analyzing market trends, identifying potential entry and exit points, and making informed trading decisions.

Customizable Charts: Traders can personalize their charts on MT4, adjusting colors, timeframes, and layouts to create a trading environment that suits their preferences.

Vast Marketplace: MT4 features a marketplace with over 10,000 trading apps, including indicators, EAs, scripts, and custom tools. This extensive ecosystem allows traders to enhance their trading experience and tailor the platform to their specific needs.

Deposit & Withdrawal

TCC currently offers the following payment methods:

• Bank wire transfer

• Credit card

• Debit card

For account funding, a minimum deposit of USD 200 is required. It's important to note that TCC does not impose any fees for deposits, ensuring that your initial funding goes entirely toward your trading capital.

However, when it comes to withdrawals, TCC does apply certain fees. Please refer to the following table for a breakdown of TCC's withdrawal fees:

Payment processing times vary depending on the payment method used. Bank wire transfers typically take 3-5 business days to process, while credit and debit card deposits are processed immediately.

Customer Support

TCC's customer support can be reached via telephone at +4402038806803 and through email at support@topcapitalcorporations.com. The company's physical address is 15 Bishopsgate, London, UNITED KINGDOM, EC2N 3AR. Clients can use these channels to seek assistance or address any trading-related inquiries.

Educational Resources

TCC's deficiency in offering comprehensive educational resources may present a limitation for traders in their quest for valuable learning materials and in-depth trading insights. A robust educational suite is often a crucial component for traders, particularly those who are new to the financial markets or wish to enhance their trading skills. Such resources typically include trading guides, webinars, tutorials, and market analysis tools that facilitate informed decision-making.

The absence of these resources at TCC might leave traders with fewer opportunities to expand their knowledge, develop effective strategies, and stay updated on market trends. Therefore, prospective clients should consider their educational needs when evaluating TCC as their trading partner and seek alternative sources of education to supplement their trading journey.

Conclusion

In conclusion, TCC presents a range of market instruments and the MetaTrader4 trading platform. However, its revoked license by the UK's Financial Conduct Authority (FCA) raises significant regulatory concerns. Traders should approach TCC with caution due to this regulatory issue, as it may impact the safety and security of their investments. As with any financial service provider, thorough research and due diligence are essential before considering TCC as a trading partner.

FAQs

Q: Is TCC regulated by any financial authority？

A: No, TCC's license has been revoked by the UK's Financial Conduct Authority (FCA).

Q: What trading platform does TCC offer？

A: TCC provides access to the MetaTrader4 (MT4) trading platform.

Q: Are there any educational resources available for traders？

A: TCC lacks comprehensive educational resources.

Q: What market instruments can I trade with TCC？

A: TCC offers trading in Forex, CFDs (Contracts for Difference), and derivatives.

Q: What is the minimum deposit required to open an account with TCC？

A: The minimum deposit is USD 200.