TGB FX-Overview of Minimum Deposit, Spreads & Leverage
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/Region | Malaysia |
| Regulation | Unregulated |
| Market Instruments | 40+ CFDs on currency pairs, indices, precious metals, energies, ETFs, bonds, shares, stocks, commodities, cryptocurrencies and digital currencies |
| Demo Account | ❌ |
| Leverage | Up to 1:500 |
| Spread | / |
| Trading Platform | MT5 |
| Min Deposit | $250 |
| Customer Support | 24/5 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.
Pros and Cons
| Pros | Cons |
| Various trading products | Inaccessible website |
| Multiple account types | Unregulated status |
| No commissions | Unclear fee structure |
| MT5 platform | High minimum deposit |
| Popular payment options |
Is TGB FX Legit?
No. TGB FX has no regulations currently. Please be aware of the risk!
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 Type | Standard | Premium | Pro |
| 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 Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Desktop, Android, iOS | Beginners |
| MT5 | ✔ | Desktop, Android, iOS | Experienced 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.
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