TGC TRADE-Overview of Minimum Deposit, Leverage, Spreads

Note: Since TGC TRADEs official site (https://tgctrade.com/home) is not accessible while writing this introduction, only a cursory understanding can be obtained from the Internet.

General Information & Regulation

TGC TRADE is allegedly an unregulated brokerage firm registered in the UK that claims to provide its clients with a choice of three different live account types, various spreads and the worlds most trusted and popular MetaTrader4 trading platform.

Account Types

There are three live trading accounts offered by TGC TRADE, namely Bronze, Gold and Platinum. Opening a Bronze account requires the minimum initial deposit amount of $300, while the Gold account has a much higher minimum initial capital requirement of $5,000 and the Platinum account with no further information is given.

Leverage

A leverage ratio of up to 1:200 is offered by TGC TRADE, which is much higher than that provided by most brokers. Inexperienced traders are advised not to use too much leverage since leverage magnifies gains and losses.

Spreads

TGC TRADE claims that different account types can enjoy quite different spreads. In particular, the Bronze account can experience the spreads from 2.8 pips, while both the Gold and Platinum can enjoy the lower spreads from 1.7 pips.

Trading Platform Available

The platform available for trading at TGC TRADE is the industry-standard MetaTrader4 trading platform. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.

Customer Support

TGC TRADE‘s customer support can be reached by telephone: +44 20 3514 4807, email: support@tgctrade.com. However, this broker doesn’t disclose other more direct contact information like the company address that most brokers offer.