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Abstract:TP Global FX has been considered one of the leading and most trusted forex brokers of 2021. This article is to show you a comprehensive review of this broker based on the data, regulatory status, and so on.
About TP Global FX
Established in 2017, TP Global FX is a forex and CFD broker registered in St. Vincent and the Grenadines. TP Global FX claimed to offer more than 150 market instruments including Forex currency pairs, Metals, CFDs, Indices, Stocks, and more. WikiFX has given this broker an excellent score of 7.45/10.
Regulatory Status
This broker is a regulated broker. It is regulated by Financial Services Commission FSC with license number: GB21026474.
Account Types And Minimum Deposit
TP Global FX offers investors three different types of accounts, the Standard Account (minimum deposit of $200), the Pro Account (minimum deposit of $500), and the Institutional Account (minimum deposit of $25,000). The minimum initial deposit of an acceptable $200 is in line with industry standards.
Leverage
Trading leverage differs depending on trading accounts. The Standard and Pro accounts offer the maximum leverage of up to 500:1 for forex and precious metal trading. The institutional account offers maximum leverage of up to 1:200. Since trading leverage can magnify gains as well as losses, traders should take care when using it.
Spreads & Commissions
Trading costs (spreads & commissions) are significantly affected by what trading accounts you are holding. The minimum spread for standard accounts starts at 0.1 pips, and no commission is charged for trading. The minimum spread for Pro accounts starts from 0.2 pips, with a commission of $15 per lot charged. Institutional accounts have spreads starting from 0.1 pips and commissions of $8 per lot.
Trading Platforms
TP Global FX offers both MT4 and MT5 to its clients.
Customer Support
TP Global FX provides clients with a client support team who are available 24/5 and can be reached via telephone (+44 7441 416320), email (support@tpglobalfx.com), Live Chat, and social media.
TP Global FX on Social Media Platforms
Unlike other brokers‘ Twitter accounts, we cannot see TP Global FX’s tweets unless we follow its account.
Conclusion
7.45 is a decent score. If you are seeking a solid broker to invest, TP Global FX may be a good choice. But keep in mind that always be vigilant as forex trading is risky.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
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