NOTE: TP FinTechs official site - http://www.tpi66.com/index.html is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
What is TP FinTech？
TP FinTech, registered in Vanuatu, is a broker offering services to retail traders. It supports a range of trading instruments including energy, indices, and precious metals, with access to the MetaTrader 4 trading platform. While they used to be regulated by the Vanuatu Financial Services Commission (VFSC), their regulation status has been revoked. Additionally, its website is non-functional currently.
Pros & Cons
Pros:
Range of Trading Instruments: TP FinTech offers a variety of trading instruments, including energy, indices, and precious metals, which can provide traders with diverse trading opportunities.
MetaTrader 4 Platform: The use of the MetaTrader 4 trading platform is a plus, as it is widely used and offers a range of features that can enhance the trading experience.
Cons:
Revoked Regulation: The biggest red flag is the revoked regulation by the VFSC. Without regulatory oversight, your funds are at greater risk.
Non-Functional Website: The current unavailability of their website indicates issues about the company's stability.
Exposure on WikiFX: There are 9 pieces of exposure of inability to withdraw and others on WikiFX, which indicates risks to your fund.
Is TP FinTech Safe or Scam？
It's impossible to definitively say TP FinTech is a scam, but it's definitely not safe. Licensed with a Retail Forex License of No.40361, TP FinTech was previously regulated by the Vanuatu Financial Services Commission (VFSC). But the regulation has been revoked. Without regulatory oversight, there's no guarantee of fair practices and fund safety. Additionally, the currently unavailable website raises questions about the company's legitimacy and stability.
Market Instruments
TP FinTech offers trading in a variety of market instruments. These instruments can offer diversification and trading opportunities for investors.
Energy: Trading energy commodities such as oil and natural gas can provide opportunities to profit from changes in global energy prices.
Indices: Trading indices allows investors to speculate on the performance of a group of stocks representing a particular market or sector.
Precious Metals: Trading precious metals like gold and silver can be a hedge against inflation and economic uncertainty, as these metals are considered safe-haven assets.
Trading Platforms
TP FinTech offers traders access to the MetaTrader 4 (MT4) trading platform, a popular choice in the forex and CFD trading industry. MT4 is known for its user-friendly interface and comprehensive features, making it suitable for traders of all levels. One of the key features of MT4 is its advanced charting capabilities, which include a wide range of technical indicators and drawing tools that help traders analyze market trends and make informed trading decisions.
Customer Service
TP FinTech offers customer support to traders through phone and email. Traders can reach out to the customer support team by calling +60 8742 5906 or by emailing info@tpi66.com.
Conclusion
While TP FinTech offers various trading instruments and the popular MetaTrader 4 platform, these positives are overshadowed by the significant risks. The revoked VFSC regulation is toa major red flag, indicating a lack of oversight and potential danger for your funds. Furthermore, their website is currently unavailable, limiting access to detailed information. For your safety, it's best to avoid TP FinTech and look for a broker that is actively regulated in a reputable jurisdiction and has a functional website.
Frequently Asked Questions (FAQs)
Q: Is TP FinTech regulated？
A: No, the VFSC regulation has been revoked.
Q: What trading instruments does TP FinTech offer？
A: TP FinTech offers trading in energy, indices, and precious metals.
Q: What trading platform does TP FinTech use？
A: TP FinTech uses the MetaTrader 4 (MT4) trading platform.
Q: Is TP FinTech safe to trade with？
A: TP FinTech's safety is questionable due to the revoked regulation and the non-functional website.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
2022-11-28 10:27
2022-11-25 12:03
2022-11-24 17:04
