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TCM Globals

Cyprus|1-2 years|
Suspicious Regulatory License|Suspicious Scope of Business|Suspicious Overrun|High potential risk|

https://tcmglobals.com/

Website

Rating Index

Contact

+357 22 030446
support@tcmglobals.com
https://tcmglobals.com/
148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Contact number

English

+357 22 030446

Broker Information

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Company Name

TCM Globals Limited

Company Abbreviation

TCM Globals

Platform registered country and region

Cyprus

Company website

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 4
Previous Detection : 2024-02-25
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 227/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

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TCM Globals · Company Summary

Aspect Information
Company Name TCM Globals
Registered Country/Area Cyprus
Founded Year 2022
Regulation Labeled as a suspicious clone by the CYSEC and FSCA
Market Instruments Forex, Stocks, Commodities, Futures, Bonds, Cryptocurrencies
Account Types Standard, Silver, Gold, Platinum, VIP, Exclusive
Minimum Deposit $100 (Standard), $2,500 (Silver), $5,000 (Gold), $10,000 (Platinum), $50,000 (VIP), Varies (Exclusive)
Maximum Leverage Up to 1:500
Spreads Competitive, as low as 0 pips
Trading Platforms Desktop, Android, iOS
Customer Support Mail via support@tcmglobals.com, phone at +357 22 030446.
Deposit & Withdrawal Bitcoin, Wire Transfer, UPI, Tether, Perfect Money

Overview of TCM Globals

TCM Globals, founded in Cyprus in 2022, offers a wide array of trading assets, including forex, stocks, commodities, futures, bonds, and cryptocurrencies. With a competitive edge in providing 24/5 customer support, the platform features a user-friendly trading environment accessible on Android, iOS, and desktop devices, with leverage up to 1:500 and competitive spreads as low as 0 pips.

While the platform offers advantages such as a copy trading feature and various payment methods, potential risks arise from its status as a suspicious clone, and limited educational resources impact the learning experience for traders seeking comprehensive training.

Overview of TCM Globals

Is TCM Globals legit or a scam?

TCM Globals operates as a suspicious clone under the regulation of two distinct regulatory agencies: the Cyprus Securities and Exchange Commission (CYSEC) and the Financial Sector Conduct Authority (FSCA) in South Africa.

Under CYSEC's oversight, TCM Globals holds a Market Making (MM) license with the license number 227/14. Meanwhile, in South Africa, the platform falls under the regulatory purview of FSCA with a Financial Service Corporate license and license number 47857.

The regulatory status of TCM Globals, being labeled as a suspicious clone by both CYSEC and FSCA, has significant implications for traders on the platform. Traders face heightened risks and uncertainties due to the platform's dubious status, as regulatory authorities typically issue warnings about suspicious clones. The lack of genuine regulatory oversight raises risks about the platform's legitimacy and adherence to industry standards.

Is TCM Globals legit or a scam?
Is TCM Globals legit or a scam?

Pros and Cons

Pros Cons
24/5 Customer Support Operates as a suspicious clone
Various trading assets Higher Minimum Deposit for VIP/Exclusive Accounts
User-friendly trading platform accessible on Android, iOS, and desktop devices Limited Educational Resources
Competitive Spreads as Low as 0 pips Limited Personalized Training
Copy trading feature provided
Leverage up to 1:500

Pros:

  1. 24/5 Customer Support: TCM Globals provides around-the-clock customer support through Live Chat and Email, ensuring accessibility for users seeking assistance.

  2. Various Trading Assets: The platform offers a wide range of trading assets, including forex, stocks, commodities, futures, bonds, and cryptocurrencies, providing users with multiple options for investment.

3. Accessible Trading Platform: TCM Globals offers a user-friendly trading platform accessible on Android, iOS, and desktop devices. This ensures flexibility and convenience for traders, allowing them to engage in trading from various locations.

4. Competitive Spreads as Low as 0 pips: Traders benefit from competitive spreads, starting as low as 0 pips, potentially reducing transaction costs and enhancing trading efficiency.

5. Copy Trading Feature Provided: The platform introduces a copy trading feature, allowing users to follow experienced traders and replicate their strategies.

6. Leverage up to 1:500: TCM Globals offers leverage up to 1:500, providing traders with the ability to control larger positions relative to their initial investment.

Cons:

  1. Operates as a Suspicious Clone: TCM Globals is labeled as a suspicious clone, raising risks about its legitimacy and adherence to regulatory standards.

2. Higher Minimum Deposit for VIP/Exclusive Accounts: The VIP and Exclusive account types require a higher minimum deposit, potentially limiting access for traders with smaller capital.

3. Limited Educational Resources: The platform lacks comprehensive educational resources, which impact the learning experience for traders seeking in-depth training and information.

4. Limited Personalized Training: TCM Globals provides limited personalized training, potentially affecting the level of support and guidance available to traders, particularly those who prefer more individualized assistance.

Market Instruments

TCM Globals offers a wide range of trading assets, providing users with access to a comprehensive selection of financial instruments. Traders can engage in multi-asset trading across various categories, including:

1. Forex (Foreign Exchange):

Trade major and minor currency pairs, allowing users to participate in the dynamic foreign exchange market.

2. Stocks:

Access a variety of stocks representing different companies, enabling traders to build diversified portfolios based on their investment preferences.

3. Commodities:

Participate in the commodities market with the ability to trade in commodities such as gold, silver, and oil.

4. Futures:

Explore futures contracts, allowing traders to speculate on the future price movements of commodities, indices, or other financial instruments.

5. Bonds:

Engage in bond trading, providing an avenue for investors to diversify their portfolios with fixed-income securities.

6. Cryptocurrencies:

Dive into the world of digital assets with cryptocurrency trading, allowing users to trade popular cryptocurrencies like Bitcoin, Ethereum, and more.

This array of trading assets accommodates different investment strategies and risk appetites, offering a comprehensive suite of options for traders on the TCM Globals platform. It provides the flexibility for users to navigate and capitalize on opportunities across various financial markets.

Market Instruments

Account Types

TCM Globals provides various account types to accommodate different trading preference.

Standard Account:

The Standard account, requiring a $100 minimum deposit, features fixed/variable spreads with standard spreads. Leverage is set at 1:500, and personal training is limited. This account is suitable for entry-level traders focusing on major currency pairs and precious metals.

Silver Account:

Suitable for traders with a higher initial investment, the Silver account demands a $2,500 minimum deposit. It offers low spreads, a mix of fixed and variable spread types, and expands its instrument offerings to include indices and equities. Leverage remains at 1:500, and personal training is limited. Bonuses are set at 80%.

Gold Account:

The Gold account, requiring a $5,000 minimum deposit, provides traders with low spreads and a blend of fixed and variable spread types. It introduces premium training opportunities and includes major currency pairs, precious metals, as well as a broader selection of indices and equities. Leverage is 1:500, and bonuses remain at 80%.

Platinum Account:

For more experienced traders, the Platinum account demands a $10,000 minimum deposit. It maintains low spreads with a combination of fixed and variable spread types. Leverage remains at 1:500, and the minimum transaction size is 0.01 lot. Premium training is available, and bonuses are increased to 100%. The instrument selection includes major currency pairs and precious metals.

VIP Account:

Targeting seasoned professionals, the VIP account requires a substantial $50,000 minimum deposit. It features low spreads, premium training, and a 100% bonus. Leverage is 1:500, offering a high-level trading environment for those seeking an advanced and comprehensive trading experience.

Exclusive Account:

Suitable for elite traders, the Exclusive account demands a significant $100,000 minimum deposit. It provides low spreads, premium training, and a 100% bonus. Leverage remains at 1:500, serving seasoned professionals looking for exclusive features and personalized services.

Standard Silver Gold Platinum VIP Exclusive
Minimum Deposits $100 $2,500 $5,000 $10,000 $50,000
Spread Types Fixed/Variable Fixed/Variable Fixed/Variable Fixed/Variable Fixed/Variable
Spread from Standard Spreads Low Spreads Low Spreads Low Spreads Low Spreads
Leverage 1:500 1:500 1:500 1:500 1:500
Min Transaction Size 0.01 lot 0.01 lot 0.01 lot 0.01 lot 0.01 lot
Personal Training Limited Limited Premium Training Premium Training Premium Training
Bonuses 80% 80% 80% 100% 100%
Instruments 60+ Currency pairs, Gold & Silver 60+ Currency pairs, Gold & Silver & Indices, Equities 60+ Currency pairs, Gold & Silver & Indices, Equities 60+ Currency pairs, Gold & Silver 60+ Currency pairs, Gold & Silver
Account Types

How to Open an Account?

  1. Visit TCM Globals Website:

  1. Navigate to the official TCM Globals website using a secure web browser.

2. Account Registration:

Locate the “Open an account” button on the website's homepage. Click on it to initiate the account registration process.

3. Complete Personal Information:

Fill out the required fields in the registration form with accurate personal information. This typically includes your full name, email address, phone number, and residential address.

4. Choose Account Type and Funding Method:

After completing the registration, choose the desired account type (Standard, Silver, Gold, Platinum, VIP, or Exclusive). Select a funding method (e.g., credit card, bank transfer) and provide the necessary details.

5. Submit Verification Documents:

TCM Globals requires identity verification to comply with regulatory standards. Submit the requested verification documents, such as a valid government-issued ID, proof of address, and any additional documents specified by the platform.

6. Account Approval and Funding:

Once your account information and documents are verified, TCM Globals will approve your account. Proceed to fund your account using the chosen payment method. After successful funding, you can start trading on the platform.

How to Open an Account?

Leverage

TCM Globals offers a maximum leverage of 1:500 to its traders. This leverage ratio signifies the proportion of borrowed funds to the trader's own capital, amplifying the potential impact of market movements on the trading positions. With a maximum leverage of 1:500, traders have the ability to control a larger position size relative to their initial investment.

Spreads & Commissions

TCM Globals offers competitive spreads, starting as low as 0 pips, reflecting the difference between bid and ask prices. Each account type features distinct spreads:

  • Standard Account: Standard spreads apply, varying for different currency pairs and commodities.

  • Silver Account: Introduces lower spreads compared to the Standard account.

  • Gold Account: Offers reduced spreads, particularly in major currency pairs and commodities.

  • Platinum Account: Further tightens spreads, appealing to experienced traders seeking lower transaction costs.

  • VIP Account: Tailored for seasoned professionals, providing the lowest spreads among account types.

  • Exclusive Account: Suitable for elite traders, maintains minimal spreads for a premium fee structure.

Traders should select an account type based on their experience level and trading preferences. Standard and Silver accounts suit entry-level traders, while the reduced spreads in Gold, Platinum, VIP, and Exclusive accounts are attractive to experienced traders.

Spreads & Commissions

Trading Platform

TCM Globals provides a versatile trading platform TCM Globals accessible on desktop, Android, and iOS devices. The platform boasts customization options, charting tools, and real-time market analysis. Notably, there are no third-party bridges or auto account syncs.

Trading Platform

Key Features:

  • Cross-Platform Access: Single login for desktop and mobile trading.

  • Competitive Spreads: Starting from 0.0 pips for a cost-effective trading environment.

  • EA Functionality: Supports full Expert Advisor functionality for automated trading.

  • Efficient Order Execution: One-click trading feature for swift order execution.

  • Order Flexibility: Supports various order types to accommodate different trading strategies.

  • Technical Analysis Tools: Over 80 technical analysis objects available for in-depth market analysis.

  • Market Depth Insights: Provides market depth insights with the latest price quotes.

  • Hedging: Allows hedging strategies for risk management.

  • Copy Trading: Introduces copy trading functionality, enabling users to follow experienced traders.

Trading Platform

Deposit & Withdrawal

TCM Globals facilitates various payment methods to accommodate the financial preferences of its users. Traders can make deposits using Bitcoin, Wire Transfer, UPI (Unified Payments Interface), Tether, and Perfect Money.

Minimum Deposits:

  • Standard Account: $100 minimum deposit requirement.

  • Silver Account: Traders opting for the Silver account are required to make a minimum deposit of $2,500.

  • Gold Account: The Gold account demands a minimum deposit of $5,000.

  • Platinum Account: For the Platinum account, a minimum deposit of $10,000 is necessary.

  • VIP Account: Traders applying for the VIP account need to commit a substantial minimum deposit of $50,000.

  • Exclusive Account: The Exclusive account comes with a higher minimum deposit requirement.

Deposit & Withdrawal

Customer Support

TCM Globals Limited ensures accessible customer support, available 24/5 through Live Chat and Email, offering assistance when needed.

The support team can be reached at their registered address: 148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus. For email inquiries, users can contact support@tcmglobals.com.

Additionally, customer support is available via phone at +357 22 030446.

This multi-channel approach provides users with prompt and reliable assistance, emphasizing responsiveness to inquiries.

Customer Support

Conclusion

In conclusion, TCM Globals offers traders a wide range of market instruments, spanning forex, stocks, commodities, futures, bonds, and cryptocurrencies. The platform provides accessible trading through desktop, Android, and iOS platforms, offering competitive spreads starting as low as 0 pips and leverage up to 1:500. The advantage lies in its user-friendly interface, 24/5 customer support, and the inclusion of a copy trading feature, providing traders with flexibility and potential for efficient trading strategies.

However, limitations arise with the platform being flagged as a suspicious clone, casting doubts on its regulatory standing. Additionally, TCM Globals exhibits a shortfall in educational resources, potentially hindering the learning experience for traders seeking comprehensive training.

FAQs

Q: What market instruments can I trade on TCM Globals?

A: TCM Globals offers a wide range, including forex, stocks, commodities, futures, bonds, and cryptocurrencies.

Q: How can I reach customer support?

A: TCM Globals provides 24/5 support through Live Chat and Email for prompt assistance.

Q: What is the minimum deposit required for the Standard account?

A: The Standard account requires a minimum deposit of $100.

Q: Can I access the trading platform on mobile devices?

A: Yes, TCM Globals' trading platform is accessible on Android and iOS devices in addition to desktop.

Q: Is there a copy trading feature on TCM Globals?

A: Yes, the platform provides a copy trading feature, allowing users to follow experienced traders' strategies.

News

"I lost a big amount," Victim accused the broker

Exposure"I lost a big amount," Victim accused the broker

2024-02-22 18:22

Is that broker begging you to invest your money into it? Calling you 20 times a day? Giving you tempting deals? If your answer is yes to all these questions, Then it’s high time for you to maintain a distance from the broker. If you don't make a difference now, Soon You will become a victim. As this user became one.

WikiFX
2024-02-22 18:22
Exposure
"I lost a big amount," Victim accused the broker
TCM  Globals is making people fool

ExposureTCM Globals is making people fool

2024-01-23 19:14

"One day, a random person called and convinced me to invest money with TCM Globals." A complainant said. She complaint against TCM Globals on WikiFX on January 20, 2024.

WikiFX
2024-01-23 19:14
Exposure
TCM  Globals is making people fool

User Reviews

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Haritha arunachalam
0-3months
Good platform for beginners , i referred my friends too ,
2024-01-20 14:48
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0
0
Harish ragavendra
0-3months
Im harish im started trading with tcm last year november , have been a investor with them today i made withdrawal of $250 it helped me alot because i wanted some money urgently thanks for helping me on it my account manager , i looking to invest more satisfied broker . i invested $300 starting
2024-01-19 19:15
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0
0
Sudesh kumar
0-3months
Relationship manager Relationship manager : Ngo.duc has been very helpful to my trading experience in tcm. Keep up the good work ! im a fresher for this , it's really satisfying broker i'm looking forward to earn more with your help . Sudesh MP - India
2024-01-19 19:10
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0
0
Dharma 1358
0-3months
Better Trading experience TCMGLOBALS is very professional, provides popular features, with a very sophisticated system. Payments and deposits are highly accumulated. There are various platforms. There is no reason not to choose TCMGLOBALS as a trusted broker in the world . i got a withdrawal of $100 yesterday i started my trading on december 13th 2023 recommended
2024-01-19 19:05
Reply
0
0
shiva 7817
0-3months
good platform to trade as investor , been trading for past 2months i feel so comfortable with the service and withdrawals only i requested to change my analyzer because he cannot speak in english properly , i have all docs looking to trade more , recommended to trade with tcm .
2024-01-17 20:50
Reply
0
0
Minty8325
0-3months
No withdrawals! I remember that I still have a balance in my account, but I haven't withdrawn it yet. Now their trading platform can't be logged in, the website can't be entered, customer service and account manager can't be contacted, but my money is still in it. I want to ask you how to withdraw the money.
2024-01-15 16:53
1
0
0
ertyui
more than one year
In my trading experience with TCM Globals, what pleased me and gave me peace of mind was their incredibly fast withdrawal process. I got approval in just about 6 minutes, which is quite impressive.
2024-01-12 18:25
Reply
0
0
Alex 917
0-3months
The trading environment and customer service response fall short of expectations, leading to frustratingly long wait times for assistance. The current inability to access their website adds another layer of difficulty in executing trades or managing my account. Unfortunately, this negative experience has influenced my perception of the broker, and I would hesitate to recommend it to other traders.
2024-01-12 14:16
Reply
0
0
bui tran anh tu
more than one year
Fast deposit and withdrawal, low spread fee
2023-04-27 20:45
Reply
0
0
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