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TGB FX-Overview of Minimum Deposit, Spreads & Leverage

WikiFX | 2025-01-09 18:11

Abstract:TGB FX advertises that it is leading online trading service providers, offering investment services for trading with forex and CFDs on indices, metals, energies, stocks, bonds and digital currencies. It also hypes that it offers up to 500:1 leverage, no commission for any type of account and 24×5 customer support services.

Note: TGB FX's official website - https://thegbrokers.com is currently inaccessible normally.

TGB FX Review Summary
Founded/
Registered Country/RegionMalaysia
RegulationUnregulated
Market Instruments40+ CFDs on currency pairs, indices, precious metals, energies, ETFs, bonds, shares, stocks, commodities, cryptocurrencies and digital currencies
Demo Account❌
LeverageUp to 1:500
Spread/
Trading PlatformMT5
Min Deposit$250
Customer Support24/5 live chat
Tel: 601548770864
Facebook, Twitter, LinkedIn and YouTube
Address: Level 9 (G) Main Office Tower, Financial Park Labuan, Jalan Merdeka 87000 Federal Territory of Labuan

TGB FX advertises that it is leading online trading service providers, offering investment services for trading with forex and CFDs on indices, metals, energies, stocks, bonds and digital currencies. It also hypes that it offers up to 500:1 leverage, no commission for any type of account and 24×5 customer support services.

TGB FX

Pros and Cons

Pros Cons
Various trading productsInaccessible website
Multiple account typesUnregulated status
No commissionsUnclear fee structure
MT5 platformHigh minimum deposit
Popular payment options

Is TGB FX Legit?

No. TGB FX has no regulations currently. Please be aware of the risk!

No license

What Can I Trade on TGB FX?

TGB FX gives you access to over 40 CFDs on currency pairs, including forex majors like EUR/USD, forex minors like EUR/GBP and exotic pairs like USD/CZK. It also offers CFDs on indices, precious metals, energies, ETFs, bonds, shares, stocks, commodities, cryptocurrencies and digital currencies.

Tradable Instruments Supported
CFDs✔
Currency pairs✔
Indices✔
Precious metals✔
Energies✔
ETFs✔
Bonds✔
Shares/Stocks✔
Commodities✔
Cryptocurrencies✔
Digital currencies✔
Options❌

Account Type/Commission

Account TypeStandardPremiumPro
Min Deposit$250$1,000$5,000
Commission❌❌❌

Leverage

The maximum level offered by TGB FX is up to 500:1. Keep in mind that the safe bet is going with a 1:1 ratio. One of the most common mistakes new forex traders make is using way too much leverage. Our advice is that you can tick with a smaller ratio until you get the hang of things.

Trading Platform

When it comes to trading platforms available,TGB FX gives traders two choices: Meta Trader 4 and Meta Trader 5. Meta Trader 4 is the most popular platform for trading on the forex market, which includes a knowledge database. By contrast, the latest version of Meta Trader 5 platform serves an opportunity to choose between netting.

Trading PlatformSupported Available Devices Suitable for
MT4✔Desktop, Android, iOSBeginners
MT5✔Desktop, Android, iOSExperienced traders

Deposit and Withdrawal

TGB FX offers some deposit options, such as bank transfer, wire transfer and debit card, while withdrawal options are not concerned directly on the website.

LeverageBrokerCurrency PairDealerForex tradingForex Broker

Related broker

No Regulation
TGB FX
Company name:The Golden Brokers
Score
1.47
2-5 years | Suspicious Regulatory License | Suspicious biz area | High potential risk
Score
1.47

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