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The WikiFX Score of this broker is reduced because of too many complaints!
TRP
United States|2-5 years| Suspicious Regulatory License|Suspicious Scope of Business|High potential risk|
https://trpforex.com/
Website
Rating Index
Contact
services@trpforex.com
https://trpforex.com/
100 East Pratt Street Baltimore, Maryland 21202,US
The WikiFX Score of this broker is reduced because of too many complaints!
Licenses
No valid regulatory information, please be aware of the risk!
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
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Broker Information
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Company Name
T. Rowe Price
Company Abbreviation
TRP
Platform registered country and region
United States
Company website
Pyramid scheme complaint
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Warning: Low score, please stay away!
3
Previous Detection :
2024-04-17
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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Exposure
5 pieces of exposure in total Pyramid scheme complaint
Expose
TRP · Company Summary
General Information
TRP Forex presents itself as a United States-based brokerage that trades in forex and various CFDs on the Meta Trader 5 platform with leverage of up to 1000:1.
Market Instruments
TRP Forex advertises that it offers various trading instruments, including forex and CFDs.
Account Types
According to the website, there are only one trading account offered by TRP Forex, namely Standard, which is the most recommended option. The minimum initial deposit to start a standard account is $1000.
Leverage
In terms of trading leverage, the maximum level offered by TRP Forex is quite generous, up to 1000:1. Keep in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.
Trading Platform Available
When it comes to trading platforms available,TRP Forex gives traders only one choice: Meta Trader 5, but we couldn‘t test it in a demo account. Meta Trader 5 has kept most of MT4’s well-known features like the customized technical analysis indicators and Expert Advisors, but there are some significant improvements and extra perks. Most notably, MT5 allows dealing in derivatives and exchange-traded stocks from one and the same account.
Deposit & Withdrawal
The option to select a payment method can be credit/debit cards, bank transfers or China Union Pay. However, nothing about withdrawal is concerned on the website.
Customer Support
TRP Forexs customer support can be reached through email: services@trpforex.com. Company address: 100 East Pratt Street Baltimore, Maryland 21202,US.
User Reviews
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BOSS85927
more than one year
I would have scored a 0 star if I could. This company lied saying they were regulated by FCA when I have done a search they hadn’t. They are not honouring a refund request for the 1000 USD I put in, instead, they rendered me useless by convincing me to invest more money with them which I did but never heard from them anymore.
2023-03-15 18:15 5
