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As someone who’s traded across a variety of global brokers, I always begin my evaluation with regulatory status—it’s a foundation for trust. TCS, or Taiwan Cooperative Securities, operates under the oversight of the Taipei Exchange (TPEx), which adds a level of external accountability. In my experience, regulation in a local jurisdiction like Taiwan generally means the broker is subject to specific financial standards, reporting requirements, and operational checks, all of which are designed to reduce the risk of malpractice or mismanagement. For me, even though TCS's exact license number isn't disclosed, the fact that it is recognized and regulated by a national exchange signals that it must adhere to certain compliance standards. This typically includes maintaining segregated client accounts and following capital adequacy requirements, both of which are safeguards for client funds. However, I am always cautious when some transparency is lacking, such as when a regulatory license number is not made public. That means while the regulatory framework does provide some safety net for client assets, I would choose to start with a small balance and monitor all processes carefully to see if their practices align with regulatory expectations. In short, while regulated status with TPEx offers a baseline of security, I have learned firsthand not to rely on it exclusively, and to remain vigilant—especially where any information is left undisclosed.