Have you struggled to receive funds after placing TP Global FX withdrawal requests? Did the fund withdrawal process worsen after a good experience initially? Were you defrauded on the deposit credit promise by the Mauritius-based forex broker? Did your deposit fail to reflect on the TP Global FX login? You are not alone! Many traders have opposed these alleged activities online. To help you make an informed decision on the broker, we have prepared this TP Global FX review article with an investigative tone. Read on!

Top Forex Trading Complaints Against TP Global FX

Long Pending Withdrawal Requests

Several traders have highlighted numerous issues concerning fund withdrawals from TP Global FX. Despite repeated requests, the broker allegedly failed to process withdrawals for months. In some cases, the withdrawal delay extends close to a year. On WikiFX, a leading broker regulation inquiry app, many traders have shared negative TP Global FX reviews on the fund withdrawal process. Lets check them out.

An Initial Good Withdrawal Experience Followed by Inexplicable Delays, Traders Claim

A couple of Indian traders highlighted the initial good withdrawal experience he had with TP Global FX. While sharing their reviews, traders pointed out having a positive trading experience initially. However, with time, the experience turned negative with delays or denials. Traders felt that the company needed to maintain service quality to be in the competition and enjoy a strong reputation. Affected by the turn of events, these users share similar sentiments while writing TP Global FX reviews.

Funds Missing and No Support Response from TPGIobal After Account Compromise

A US-based trader purchased the Hyperbot for $200, earning $12.43 on the first day, after a week of joining TP Global FX. Shortly afterward, the $200 disappeared from the account. When the trader contacted support through the ticket system, the ticket was closed without any explanation or resolution. The trader had also deposited $800 for the Smart Bot, but the account later showed that an $800 withdrawal was marked as successful—even though no withdrawal request was made. Another support ticket was submitted asking where the funds went, but again, no assistance was provided. The platform does not offer phone support, and support tickets appear to be closed without responses. It is suspected that a Yahoo email hack may have exposed the account password that had been sent by the company through email. Despite having KYC procedures in place, the companys security practices—such as sending passwords via email—raise concerns. The trader is seeking clarification regarding the missing funds and the lack of proper support, as evident from this complaint.

Investigating a Fake Guaranteed Return Claim

Adding to a series of accusations, an Indian trader went on to claim that TP Global FX lured in clients by pitching an AI-based guaranteed 6% ROI every month to them. However, as forex returns fluctuate based on the trading volume, the trader is understood to have been affected by capital losses. After learning the hard lesson, the trader reportedly urged others to stay away from this alleged fraudulent platform while sharing the TP Global FX review.

Blocked Withdrawals and Unfulfilled Promises by TP Global FX

A trader who had been using TP Global FX initially experienced smooth deposits and satisfactory performance. In December, TP Global FX sent an email promotion offering a 10% credit on every deposit. Encouraged by previous positive results and the promotion, the client invested a significant amount of funds to take advantage of the bonus and planned to withdraw afterward. However, after the credit was applied, withdrawals reportedly stopped working. According to the client, responses from the company have been limited to asking users to “have faith” and promising that the issue will be resolved. The situation has raised serious concerns and frustration for the user. To know more about it, read this complaint screenshot.

Deposit Credit Failures & Lack of Effective Customer Support

Several traders have expressed concerns over the alleged no show-up of deposits into the TP Global FX login. Subsequently, they reached out to the customer support team and raised multiple tickets to get this issue resolved. However, despite all these, they failed to witness their deposits live. Here are multiple reviews demonstrating deposit credit failures and a not-so-good response from the support team.

TP Global FX Review by WikiFX: The Regulatory Status and Score Update

The issues highlighted by traders have a lot to do with the lack of regulatory status for TP Global FX. Yes, it‘s found to be illegal based on the investigation conducted by the WikiFX team. No regulation meant high trading risks for investors. So, if you come across this platform through social ads or other mediums, avoid investing in it. That’s why the score for the broker stands at an abysmal 1.63 out of 10.

For a thorough regulatory check in the forex space, download the new WIkiFX app crafted to enhance your investigation experience. Scan this QR code to get started.