TP TRADES is a forex CFD broker established in 2023, registered in Comoros, primarily targeting the Thai market. The broker offers forex CFD trading services through the MT4 trading software. Three types of accounts are available, with the maximum leverage being 1:500.
Company Background
TP TRADES's company entity, TP Trades Group Co., Ltd, was registered in Comoros on December 1, 2023. TP TRADES is a broker providing forex trading services with its registered address at PB 1257 Bonovo Road, Fomboni Island of Mohéli Fomboni, Comoros. The official domain registration date of the broker is May 18, 2019, spanning over five years.
Regulatory Status:
TP TRADES currently lacks effective regulation.
TP TRADES declares on its official website that it was registered in Comoros and regulated by the MISA (Mwali International Services Authority), with the regulation number T2023419. MISA aims to provide financial services for businesses, including the registration and management of international companies, offering international financial services, and promoting international trade and investment. However, MISA is typically used as an offshore financial center providing various financial and commercial services such as company registration, banking, fund management, and more.
Operating in an offshore regulatory environment, the forex trading services offered by TP TRADES are not subject to strict and effective regulation, posing a significant trading risk to investors.
Trading Software
TP TRADES offers the Meta Trader 4 trading software to its investors for forex trading. MT4 supports various download methods, including versions for Windows, Android, iOS, and web. However, during the actual download process, it was found that aside from the web version, other download methods for this broker's software were inaccessible.
Trading Accounts
TP TRADES primarily offers three types of accounts: Standard Account, STP Pro Account, and ECN Account.
- Standard Account: This account type is one of the basic account offerings from the broker. Users can start trading with a minimum deposit of $20. The maximum leverage for this account type is 1:500, with spreads starting from 1.5 pips.
- STP Pro Account: This account is a premium trading account designed for traders seeking lower spreads and faster execution. The minimum deposit is $20, with a maximum leverage of 1:500. Trading spreads start from 0.7 pips.
- ECN Account: This account is a professional trading account suitable for traders looking for the best market execution and the lowest transaction costs. The minimum deposit is $20, with a maximum leverage of 1:500. The trading spreads start from 0.0 pips, and there is a commission of $7 per lot.
Educational Resources
TP TRADES does not provide educational resources on trading such as technical analysis, risk management strategies, and market trends on its official website. TP Trades Group Co., Ltd does not offer services to residents of specific countries, including the United States, European countries, the Islamic Republic of Iran, and Israel.
Conclusion
TP TRADES is a newly established forex broker whose services are not subject to effective regulation. The broker supports forex trading via the MT4 platform, but multiple download pages are inaccessible. Investors should prefer brokers with strict regulatory licenses to protect their financial safety.
Currently, TP TRADES has been marked as "Suspicious of Scam" on TraderKnows.
