TCM Globals is a broker that provides trading services in forex, commodities, stocks, and indices to investors. The TCM Globals official website is https://tcmglobals.com/, and the website supports English as the only language. According to a Whois query, the domain name for the company's official website was registered on February 8, 2023, which is just over six months ago.
Account Registration:
The TCM Globals official website provides registration links for investors. By clicking on "START TRADING" on the website's homepage or "CREATE ACCOUNT" in the top right corner, users can begin the account registration process. However, it's important to note that the account registration links provided on the TCM Globals website may have network security risks, causing issues with completing the registration.
Account Registration:
The TCM Globals official website provides registration links for investors. By clicking on "START TRADING" on the website's homepage or "CREATE ACCOUNT" in the top right corner, users can begin the account registration process. However, it's important to note that the account registration links provided on the TCM Globals website may have network security risks, causing issues with completing the registration.
Account Types:
According to information on the TCM Globals official website, the company offers four types of trading accounts for investors: STANDARD, PREMIUM, PRO, and PAMM. These four different account types have significant differences in terms of spread sizes, spread types, margin ratios, minimum deposits, additional margin ratios, and more.
Trading Products:
The TCM Globals official website states that the company provides trading services for forex, commodities, stocks, and indices. However, the website does not provide specific details about the forex, commodities, stocks, and indices trading products, including key information such as spreads, margin ratios, fees, and more.
Margin Ratios:
While the TCM Globals official website indicates that different account types have different maximum margin ratios, it does not provide information on the margin ratios for specific trading products within the forex, commodities, stocks, and indices categories.
Trading Hours:
The TCM Globals official website does not provide information about the trading hours for specific trading products in the forex, commodities, stocks, and indices categories.
Deposits and Withdrawals:
According to the information on the TCM Globals official website, the company supports various methods for depositing and withdrawing funds, including Local banks, Cards, Bitcoin, Tether, and WIRE Transfer for deposits, and Bitcoin and Tether for withdrawals. Additionally, the website provides information about deposit and withdrawal processing times and minimum deposit amounts.
Trading Software:
The TCM Globals official website mentions that the company provides MetaTrader 5 (MT5) trading software, including desktop versions for Windows and MacOS and mobile versions for iOS and Android. However, it notes that the Android versions of MT4 and MT5 may have slow download speeds or installation issues in some regions.
Trading Tools:
The TCM Globals official website mentions the Dash Trading copy trading feature, which allows novice investors and others to copy trading services.
Other Services:
The TCM Globals official website provides an economic calendar feature to help investors stay informed about past and upcoming financial events, facilitating better participation in the financial markets.
Regulatory Information:
The TCM Globals official website indicates authorization or regulation by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa. However, checks on CySEC and FSCA reveal suspicions of potential misuse of regulatory information related to Trade Capital Markets (TCM) Ltd.
Summary:
TCM Globals raises concerns related to potential fraud. Firstly, while the company's official website indicates its establishment in Cyprus in 2013, there is no registered information related to this company on the Cyprus Registrar of Companies and Official Receiver and Intellectual Property Office (Companies Section) websites. Secondly, the company's official website claims authorization or regulation by the Cyprus Securities and Exchange Commission (CySEC) and the Financial Sector Conduct Authority (FSCA) in South Africa, but checks on CySEC and FSCA reveal suspicions of potential misuse of regulatory information related to Trade Capital Markets (TCM) Ltd.Based on these factors, there are suspicions of potential fraudulent activity, and investors should exercise caution when considering this company's services. TraderKnows advises you to be vigilant about your financial security and to avoid falling into potential scams.
