TP TRADES Spreads, leverage, minimum deposit Revealed

WikiFX | 2026-04-20 22:18

Abstract：　　TP Trades is a Comoros-based trading broker that offers trading services mainly in forex, metals, indices, cryptocurrencies and CFDs, to both retail and institutional clients. It offers two live accounts, with an affordable minimum deposit USD 20 and tight starting spread from 0 pips.

TP Trades Review Summary
Founded	2019
Registered Country/Region	Comoros
Regulation	NFA (Exceeded)
Market Instruments	Forex, Metals, Indices, Cryptos, CFDs
Demo Account	❌
Spread	From 1.5 pips (Standard account)
Leverage	Up to 500x
Trading Platform	MT4
Minimum Deposit	USD 20
Customer Support	Contact ticket, live chat
	Tel: +662-0963249
	Email: SUPPORT@TPTRADES.COM
	Registered address: PB 1257 Bonovo Road, Fomboni Island of Mohéli Fomboni, Comoros
Restricted Regions	United States of America, European Countries, the Islamic Republic of Iran and Israel

TP Trades Information

　　TP Trades is a Comoros-based trading broker that offers trading services mainly in forex, metals, indices, cryptocurrencies and CFDs, to both retail and institutional clients. It offers two live accounts, with an affordable minimum deposit USD 20 and tight starting spread from 0 pips.

　　In addition, traders can enjoy top-notch trading experience with the industry-leading MetaTrader 4 platform. And the broker implements fund segregation to protect customer assets and provides banking and treasury services through world top-tier banking institution to its clients.

　　However, one crucial thing that should raise your great attention is that the broker exceeds NFA regulation, requesting extreme cautiousness from you before deciding to trade with them.

Pros and Cons

Pros	Cons
Fund segregation	Exceeded NFA regulation
MT4 platform	Trading commissions charged
Affordable minimum deposit
Live chat support

Is TP Trades Legit?

　　TP Trades is currently being regulated by NFA (National Futures Association) with license no. 20251025171.

　　However, you should aware that the regulation status is exceeded, indicating possible engagement in financial activities beyond what is legally permitted by NFA.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	NFA	Exceeded	TP Trades Group Co., Ltd	Common Business Registration	20251025171

What Can I Trade on TP Trades?

Trading Instruments	Supported
Forex	✔
CFDs	✔
Metals	✔
Indices	✔
Cryptocurrencies	✔
Stocks	❌
Bonds	❌
Options	❌
ETFs	❌

Account Type

　　TP Trades only offers two live accounts, namely Standard and ECN accounts, with an affordable minimum deposit of USD 20.

　　Standard account is suitable for general investors even beginners, while ECN account is designed for professional traders who would like to trade with the raw spread directly from Liquidity providers.

Account Type	Minimum Deposit	Spread	Commission
Standard	USD 20	From 1.5 pips	❌
ECN	USD 20	From 0 pips	USD 7 per trade

Leverage

　　While the broker offers leverage up to 500x, traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.

Asset Class	Maximum Leverage
Forex	1:500
Metals	1:300
CFDs	1:200
Cryptos	1:7

Trading Platform

　　TP Trades claims to use the world renowned MetaTrader 4 platform, which is well-recognized by its advanced charting tools and robust functionalities.

　　You can reach the platform on web, or download app from Windows, mobiles phones.