TP Global

Prash_007

1-2 años

Could you break down the total trading costs involved for trading indices such as the US100 on TP Global?

WikiFX Respuesta

From my perspective as an experienced forex trader, I approach platforms like TP Global with a high degree of caution, especially when evaluating total trading costs for indices like the US100. One of my primary concerns is that TP Global lacks valid regulatory oversight. This absence of regulation substantially increases the risk profile for any trader, as there is no authoritative body enforcing transparency around pricing, execution, or client protections. When it comes to understanding trading costs—the spread, commissions, overnight financing, and potential hidden fees—I simply couldn't find the necessary information due to the broker’s inaccessible website and incomplete public disclosures. In my experience, this lack of basic cost transparency is problematic because costs can seriously erode returns, especially with instruments as liquid and sensitive to spreads as the US100. Furthermore, user reports highlighted slow withdrawal processes and lagging customer support, which further complicates any attempt to analyze or verify costs in practice. Given these issues, I personally do not feel comfortable placing funds or executing trades with a broker where total costs are unknown, undisclosed, and unregulated. For me, transparency and formal oversight are prerequisites when choosing where to trade major indices like the US100. The risks—both known and unknown—are simply too high in this case.

Broker Issues

TP Global

Fees and Spreads

09-04

Estados Unidos

zack18

1-2 años

Which documents do I need to provide in order to process my initial withdrawal from TP Global?

WikiFX Respuesta

Based on my careful review of TP Global’s information, I must honestly state that I was unable to verify any clear or official withdrawal document requirements due to significant information gaps. The broker’s website is not accessible, and WikiFX highlights the absence of valid regulatory oversight. In my experience, reputable and regulated brokers typically require basic identification—such as government-issued ID, proof of address, and sometimes source-of-funds documentation—before processing a withdrawal. This is necessary for anti-money laundering compliance and to protect both trader and broker interests. However, since TP Global lacks regulation and transparency according to the data, this significantly raises my concerns about reliability and standard procedures. There’s also a user review mentioning slow withdrawals and sluggish support, which does not instill confidence for a first-time withdrawal experience. Given the lack of verified, up-to-date documentation requirements and due to the high-risk profile noted, I would strongly urge a conservative approach. If you choose to proceed, I recommend reaching out directly via all available channels (email and phone) for explicit instructions and keeping a detailed record of all communications. Personally, I do not feel comfortable trading with or recommending brokers where even basic operational info—like withdrawal requirements—cannot be independently confirmed. In situations like this, exercising maximum caution is, in my view, the only responsible path.

Broker Issues

TP Global

Deposit

Withdrawal

08-05

Estados Unidos

gnsrael

1-2 años

Based on your experience, what would you say are the three biggest benefits of using TP Global?

WikiFX Respuesta

As someone who approaches broker selection with caution, especially given the importance of regulation and transparency in all my trading decisions, I found TP Global presents a challenging case. From my experience, I am particularly careful with brokers that lack regulatory oversight, and TP Global currently has no valid regulation, which significantly heightens the risk for me as a trader. This aspect alone makes me hesitant to consider them seriously for my primary trading needs. That said, in analyzing what limited benefits TP Global might offer, I did notice a few positives. It’s clear that the company provides multiple contact avenues, including a phone number, email, and a physical address, which signifies at least some effort toward accessibility. Additionally, their focus on specialized insurance programs—especially within logistics and transportation—suggests they might cater more specifically to business clients in those sectors. Their general cargo and oil & gas coverage options appear comprehensive on the surface, allowing for tailored solutions, although a lack of transparency over regulatory compliance clouds this advantage. Ultimately, while these touches could be seen as beneficial, for me, the absence of reliable regulation and the high risk highlighted in public analysis outweigh any potential advantages. I always advise prioritizing security, regulatory clarity, and transparency above all—especially in the current environment where so many unregulated brokers operate.

Broker Issues

TP Global

Regulation

07-30

Estados Unidos

marcustan

1-2 años

Are there any inactivity fees with TP Global, and if they exist, under what circumstances are they applied?

WikiFX Respuesta

As an experienced forex trader, I approach every broker with a strong emphasis on transparency and regulatory safety, especially when it comes to potential hidden fees like inactivity charges. My due diligence for TP Global raised several concerns which directly affect my confidence and risk tolerance. Firstly, TP Global holds no valid regulatory licenses and is flagged for high potential risk, which substantially lowers my trust in their operational practices. The broker’s official website is currently inaccessible, so detailed terms and conditions—including critical aspects like inactivity fees—are not viewable or verifiable. Regulation is key for me because it usually obligates brokers to clearly disclose fees and stipulations, including those related to account inactivity. With TP Global, the lack of oversight means policies on dormancy or inactivity fees are neither confirmed nor transparent, and I have no way to verify if such charges exist, how much they might be, or under what conditions they would apply. For me, this opacity is a significant red flag. In my trading journey, I’ve learned that any firm unwilling or unable to provide clear information on its fee structure poses unnecessary risk. Given this uncertainty, I would exercise heightened caution and avoid maintaining idle funds or even opening an account until TP Global provides full, accessible, and verifiable terms about all potential charges, including inactivity fees. Without such clarity, the risk of unanticipated deductions from my account is simply too high for my comfort.

Broker Issues

TP Global

Fees and Spreads

07-11

Estados Unidos