Before beginning to trade with a new fx broker or any other trading platform, an investor has to be aware of their broker. You should read this in-depth TP Global FX review if you intend to trade with TP Global FX. The Scam Help Center Team believes that Tpglobalfx.com is a dishonest broker. Read the details here.
Website – http://tpglobalfx.com/
Website Availability – No
Address – Mauritius
Blacklisted Status – Not Recommended By Review Website Like Scam Help Center
Domain Age Information –
- Domain Name: tpglobalfx.com
- Registry Domain ID: 2303491105_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.godaddy.com
- Registrar URL: https://www.godaddy.com
- Updated Date: 2020-03-31T05:16:11Z
- Creation Date: 2018-08-29T00:37:34Z
- Registrar Registration Expiration Date: 2025-08-29T00:37:34Z
Fraudulent Conduct by TP Global FX Broker
The official website of TP Global FX is not operational at this time. TP Global FX is a Mauritius-registered forex and CFD broker that was founded in 2017. But it lacks any legal regulatory permits, which casts doubt on its authenticity. Based on the “principle of value multiplication,” which states that fresh investor funds are utilized to pay rewards to previous investors rather than making actual profits, the platform has been exposed as a Ponzi scheme. Investors should always do their homework before using platforms like TP Global FX because these kinds of operations can leave participants with large financial losses.
Negative Reviews and Red Flags
The frequency of unfavorable reviews on different platforms is a crucial component in assessing TP Global FX’s dependability. Problems with withdrawal, unhelpful customer support, false information, and obvious indications of romance and other fraud are frequently brought up in these reviews. Prospective investors are advised to proceed with caution and take into consideration more reliable forex trading firms from the list of legitimate forex brokers, as the many unfavorable reviews highlight the hazards associated with trading on this platform.
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The Role and Importance of Regulatory Warnings
The most significant indicator of potential deceit is the lack of regulatory supervision, either completely or insufficiently. Regulatory bodies such as the SEC, FCA, FINMA, ASIC, BaFin, FMA, CONSOB, and others issue warnings against unlicensed brokers operating without recognized financial norms. Examine the regulatory warnings to confirm the legitimacy of TP Global FX’s operations and the safety of investor funds.
Having a regulatory license adds another level of safety for traders by guaranteeing that the broker complies with strict guidelines including sufficient capital, transparency, and ethical conduct. It gives investors a safety net in case of disagreements or misconduct, which is lacking when working with unregulated businesses. In a TP Global FX review, the importance of choosing a licensed broker is often highlighted due to these safeguards.
Why Should You Avoid Trading with Unlicensed/Unregulated Brokers?
Due to the high risks involved, trading on an unregistered broker’s platform is not recommended.
- Money might not be separated, which would make it more susceptible to loss in the case of the broker’s bankruptcy or financial mismanagement.
- Transparency is sometimes lacking in operations, which leaves traders vulnerable to false information and unstated costs.
- The entire trading experience is undermined by generally worse service quality, poor customer assistance, and antiquated trading systems.
- Selecting a registered broker guarantees compliance with regulations that protect investors and advance a safer and more open trading environment.
Other possible fraudulent activities of TP Global FX broker
TP Global FX seems not fair to the investors as they complain about the withdrawal issues, unfulfilled bonus policies, and other assured benefits
TP Global FX offers assets that are highly risky and result in huge losses for investors.
Tpglobalfx.com sales staff continues to call the investors and force them to invest more and more money.
Final Conclusion- Is TP Global FX a fraudulent or legit broker?
Given the regulatory warnings and negative TP Global FX reviews, this situation suggests it may be a potential scam. Investors are advised to exercise extreme caution and consider choosing forex trading platforms with proper regulatory licenses and a strong reputation in the trading community.
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Got Scammed by TP Global FX? Scam Help Center Is Your Solution for a Refund!
For victims of TP Global FX, getting help through platforms like the Scam Help Center is important. If you suspect deceit, filing a chargeback might help you get your funds back. To successfully enhance your case and speed up the recovery procedure, take immediate action and document everything thoroughly.
Find out more about your chargeback rights and available solutions. Contact us for expert guidance.
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