tasmaltd.com is a CFD broker with a domain registered on May 6, 2024. It primarily provides trading services in financial derivatives such as stocks, futures, crude oil, gold, cryptocurrencies, and forex to retail and institutional clients. This broker does not offer services to jurisdictions where it might violate local laws or regulations.
Company Registration Information and Regulatory Status:
According to publicly available information on the tasmaltd.com website, this broker is "the U.S. subsidiary of Japan's Tasman FX, headquartered in Tulsa, Oklahoma, providing retail and commercial banking services to the Midwest and Southwest of the United States. It is one of the top 50 financial services companies in the U.S. and the largest in Oklahoma." However, the homepage displays that it is headquartered in Australia, with subsidiaries authorized and regulated by the Australian Securities and Investments Commission with license number 488828. The broker also claims to be regulated by the National Futures Association (NFA) and the Financial Crimes Enforcement Network (FinCEN) in the United States: NFA ID is 0561032, MSB number is 31000262040204.
Upon verification, the National Futures Association (NFA) website shows that the company with NFA ID 0561032 is SV MARKETS, which is registered as a non-member and not authorized or regulated by the NFA. The FinCEN website also shows that the company with MSB number 31000262040204 is SV MARKETS. Additionally, the Australian Securities and Investments Commission (ASIC) website could not find an entity named Tasman FX, and license number 488828 belongs to STAR FUNDS MANAGEMENT PTY LTD.
Therefore, tasmaltd.com is essentially a fraudulent broker website with no real company entity and no regulatory oversight.
Furthermore, the website design and content of tasmaltd.com are identical to those of other fraudulent broker websites such as SMTT Markets Pty Ltd, AMDE Forex, Madexu Trade MT5, DML Markets, SXHJAS, and TNFL FX.
Account Opening:
When trying to open an account on tasmaltd.com, clicking "Register" on the homepage does not redirect to the account registration page; instead, it shows a 'Page Not Found' error, making it impossible to complete the account opening process.
Trading Account Information:
The tasmaltd.com website only discloses information about spreads, trading leverage, margin call/stop-out levels, and contract sizes. However, it does not provide details about account types, trading commissions, minimum/maximum trade volumes, maximum positions/order volumes, or minimum price precision.
- Spreads: Floating spreads
- Trading leverage: 1:100—1:500
- Margin call/stop-out levels: 100% / 50%
- Contract size: 1 lot = 100,000 currency units
Trading Platform:
tasmaltd.com claims to offer the ST5 trading platform to its users.
Deposits and Withdrawals:
tasmaltd.com does not clearly disclose its supported deposit/withdrawal methods, fees, or minimum deposit/withdrawal amounts on its website.
Summary:
Traderknows reminds investors that tasmaltd.com is a suspected fraudulent broker with unclear registration and regulatory information and false advertising. The only way to contact them is through email, making their contact method very limited. The website design and content are the same as other fraudulent broker websites like SMTT Markets Pty Ltd, AMDE Forex, Madexu Trade MT5, DML Markets, SXHJAS, and TNFL FX. Traderknows advises investors to choose brokers with transparent information, strong regulation, and good reputation to avoid unnecessary financial losses.
Currently, this broker is marked as "Suspected Fraud" on Traderknows.
