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
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.
What Can I Trade on TP Trades?
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.
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.
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.
2025-02-12 16:36
