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Cyprus|10-15 years|
Market Making(MM)|Suspicious Scope of Business|Suspicious Overrun|Medium potential risk|


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+357 22 030446
148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus


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+357 22 030446

Broker Information


Company Name

Trade Capital Markets (TCM) Limited

Company Abbreviation


Platform registered country and region


Company website

Pyramid scheme complaint


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WikiFX Risk Alerts 2
Previous Detection : 2024-05-29
  • The South AfricaFSCA regulation (license number: 47857) claimed by this broker is suspected to be clone. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

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TCM · Company Summary

TCM Review Summary in 10 Points
Founded 2013
Registered Country/Region Cyprus
Regulation CYSEC regulated; Suspicious FSCA clone
Market Instruments Forex, Indices, Metals, Commodities, Cryptocurrencies
Demo Account Available
Leverage Up to 1:1000
EUR/USD Spread Start from 0.2 pips
Trading Platforms MT5
Minimum Deposit $10
Customer Support Email, Address, Phone

What is TCM?

TCM, with full name Trade Capital Markets (TCM) Limited, presents itself as a brokerage company located in Cyprus, providing an extensive range of trading instruments such as Forex, Indices, Metals, Commodities, and Cryptocurrencies. Even though it's regulated by CYSEC, it's suspected to be a clone by the FSCA.

TCM's home page

In the upcoming article, we will thoroughly scrutinize this broker's attributes from various perspectives, aiming to provide well-structured and concise information. If this piques your interest, we encourage you to continue reading. At the conclusion of our analysis, we will provide a brief summary, offering you a quick overview of the broker's distinctive qualities.

Pros & Cons

Pros Cons
• CYSEC regulated • Suspicious FSCA clone
• Diversified payment methods • Commissions charged on some accounts
• Multiple account types • Reports of unable to withdraw
• MT5 trading platform • Not accept clients from certain areas
• Demo account available • One-page website with limited info
• Tight starting spreads

TCM offers several advantages, lending to its appeal as an appropriate choice for many traders. It is regulated by the reputable CYSEC, which implies it adheres to stringent regulatory standards. The broker provides diversified payment methods for increased convenience, a variety of account types providing flexibility to different traders, and a well-known MT5 trading platform used worldwide for complex financial analysis. A demo account can also be accessed by those looking to practice trading strategies or get a feel for the platform. Additionally, the tight starting spreads fron 0.0pips make TCM an attractive option for cost-sensitive traders.

On the downside, TCM carries a suspicious FSCA clone label, raising credibility concerns, and has reports of clients being unable to withdraw their funds - a serious concern for any trader. Commissions are charged on some accounts, potentially increasing the cost of trading, and the broker does not accept clients from certain geographical locations. Furthermore, its website is composed of one page with limited information, making in-depth research about the broker's offerings and trading conditions difficult.

Is TCM Safe or Scam?

When considering the safety of a brokerage like TCM or any other platform, it's important to conduct thorough research and consider various factors. Here are some steps you can take to assess the credibility and safety of a brokerage:

  • Regulatory sight: TCM is regulated by the Cyprus Securities and Exchange Commission (CYSEC) under license no. 227/14, which provides some level of trustworthiness to the firm. However, there is a point of concern as TCM appears to also be a suspicious clone of a Financial Sector Conduct Authority (FSCA) partner, with a license no. 47857. This suspicion indicates potential inconsistencies or irregularities in TCM's operations.

regulated by CYSEC
suspicious clone FCA license
  • User feedback: Based on the three reports found on WikiFX regarding unable to withdraw, feedback of which could potentially indicate issues with the firm's withdrawal process or policies, suggesting poor customer satisfaction and casting doubts regarding the firm's operational transparency and efficiency.

  • Security measures: TCM takes its user data's security seriously and implements a comprehensive privacy policy as part of its security measures. The policy outlines how it collects, uses, maintains, and discloses information collected from users, ensuring stringent data protection.

Ultimately, the decision of whether or not to trade with TCM is a personal one. You should weigh the risks and benefits carefully before making a decision.

Market Instruments

TCM provides a wide array of market instruments for trading, thereby catering to the diverse needs of its customers.

Traders can extensively engage in the foreign exchange (Forex) market, offering significant liquidity and round-the-clock operations for optimal trading possibilities.

They also provide exposure to various global indices, empowering clients to speculate on certain sectors or economies as a whole.

Metal trading, with precious metals like gold and silver, introduces a traditional investment avenue, while commodity trading allows customers to trade goods like oil, gas, and agricultural products.

Cryptocurrency trading forms a part of TCM's market offerings as well, enabling participation in the rapidly evolving digital assets market.

Account Types

TCM presents a range of five account options catering to the varied needs and investment capacities of its users. These include the Solo, Elite, 0 spread, Optimum, and Prime Accounts.

The demo account allows prospective traders to practice their strategies and familiarize themselves with the trading platform before entering the live market.

The Solo Account, ideal for beginners or those hesitant to invest heavily initially, requires only a minimum deposit of $10.

For more experienced traders, the Elite Account starts at a modest $100.

At a higher tier, the 0 Spread and Optimum Accounts require a minimum deposit of $1,000.

Targeted towards advanced or professional traders, the Prime Account calls for a considerable initial deposit of $10,000.

Each account type is tailored to different trading styles and levels of industry experience, thereby providing a spectrum of options for traders.

Account details


TCM offers a range of leverage options across its different account types, each catering to the various risk appetites and trading strategies of its customers.

For the Solo Account, TCM provides a high leverage of 1:1000, allowing traders to maximize their positions with a relatively small deposit.

The Elite Account comes with a leverage of 1:700, still providing ample opportunity for sizable market exposure.

The leverage decreases progressively with the more premium Accounts: the 0 Spread Account offers a leverage of 1:500 and the Optimum Account offers 1:300. The Prime Account, designed for the most experienced traders, offers the lowest leverage of 1:200, reflecting its focus on sustenance of significant personal investments and careful risk management.

However, traders should be aware that while leverages can dramatically increase potential gains, they also significantly amplify the potential losses, and can thus pose a substantial risk to your invested capital. Therefore, it is crucial to understand how leverages work and to only use them if you can afford the risk.

Spreads & Commissions

TCMs various account options with distinct spreads and commissions, providing extended freedom to select an account as per their individual trading strategies and financial objectives.

The Solo Account, generally chosen by novice traders or those who prefer to keep their trading costs predictable, provides a spread of 1.0 pips and comes with a commission of $5.

The Elite Account is a step ahead with a better spread of 0.5 pips, maintaining the commission to be $5, thus improving trading conditions while keeping the commission cost consistent.

The Zero Spread Account offers impressive conditions with a spread of 0.0 pips and a standard commission of $5, making it a popular choice for traders who aim to minimize their spread costs.

For the Optimum Account, the spread goes down further to 0.3 pips, providing even more advantageous trading conditions, although the commission info isn′t provided.

Lastly, the Prime Account−the top tier Account, is designed for seasoned traders and offers the lowest spread of all the Accounts−just 0.1 pips with a commission of $5, thus creating the most competitive and cost-effective trading environment among all the Account types.

Trading Platforms

TCM equips its traders with the renowned MT5 trading platform, recognized worldwide as a comprehensive solution for retail and institutional trading.

The MT5 retains the fundamental aspects of its predecessor, the MT4, while introducing advanced features designed to enhance the trading experience.

With its exceptional charting capabilities, traders gain crucial market insights and are privy to intricate details that support informed decision-making in trades. The MT5 platform also supports automated trading, a feature favored by many traders for the potential to minimize emotional trade decisions and streamline trading processes. Through the MQL5 programming language that it supports, traders can customize their trading experience. They can tweak auto-trading bots or use pre-existing ones to fit their individual trading strategies, providing a personalized and adaptable trading environment.

Deposits & Withdrawals

TCM offers a range of payment methods for its clients to cater to their varied needs and convenience.

The deposit and withdrawal methods encompass several popular and internationally recognized ones, including OK Pay, FasaPay, WebMoney, PerfectMoney, bank transfer, and Neteller. These options provide clients with flexibility to choose the one that suits their preferences the best. Whether they seek speedy transactions or higher security, there's a solution available for all.

User Exposure on WikiFX

On our website, you can see that 3 reports of unable to withdraw which should be marked as red flag. Traders are encouraged to carefully review the available information. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Customer Service

TCM demonstrates its commitment to customer satisfaction by providing several customer support channels. These include direct phone support for immediate and personalized assistance, email for detailed inquiries, and a physical address for official correspondence.

Address: 148 Strovolos Avenue, 1st floor, CY 2048, Nicosia, Cyprus.

Phone: +357 22 030446.

General Enquiries:

Personal Data Protection Enquiries:

Customer Complaints:

Career Opportunities:

contact details


As per the available data, TCM is a Cyprus-based broker that offers a variety of market platforms, encompassing Forex, Indices, Metals, Commodities, and Cryptocurrencies. A potential positive is its regulation under CYSEC. However, an area of concern is its questionable regulatory status under FSCA, which is suspected to be a clone. This raises significant red flags about the platform's safety and adherence to industry norms.

Prospective traders considering TCM are advised to exercise caution and carry out comprehensive due diligence. Looking into alternative brokers with established regulatory records and a demonstrated commitment to transparency, security, and responsibility is suggested for a more secure trading experience.

Frequently Asked Questions (FAQs)

Q 1: Is TCM regulated?
A 1: Yes, it is regulated by Cyprus Securities and Exchange Commission (CYSEC) under license no. 227/14.
Q 2: What kind of trading instruments does TCM offer?
A 2: TCM is a China-based brokerage firm offers Forex, Indices, Metals, Commodities, Cryptocurrencies as market instruments to traders.
Q 3: Is TCM a good broker for beginners?
A 3: Yes, because it is well regulated by CYSEC.
Q 4: Does TCM offer the industry leading MT4 & MT5?
A 4: Yes, it offers MT5 platform.
Q 5: Does TCM offer a demo account?
A 5: Yes.
Q 6: What is the minimum deposit for TCM?
A 6: The minimum initial deposit to open an account is $10.
Q 7: At TCM, are there any regional restrictions for traders?
A 7: Yes. TCM does not offer services to residents of certain jurisdictions including Japan, Canada, Spain, Belgium, USA or any other country where distribution or use may be contrary to local laws or regulation.

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.

User Reviews

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more than one year
TCM is a complete liar. They say that the platform is almost perfect before you deposit, use all kinds of words to trick you, and ignore you and your withdrawal request after you deposit.
2023-02-24 10:48
more than one year
Generally speaking, I think the trading conditions provided by TCM are very attractive, such as low margins and high leverage, MT5, demo account, a variety of trading instruments... But the regulatory license interface does not seem very reliable, I decided don't take this risk.
2022-11-25 17:30
more than one year
The site is so simple that much of the important details could only be found by searching on the Internet. Many traders expose that they were unable to withdraw from TCM. And their FSCA license seems to be a suspicious clone. There are so many indications that they could not be trusted.
2022-11-23 09:31
more than one year
With its official website lacking of so much essential information, I guess only a few investors with extra money have the courage to trade with it… Also, there are so many negative reviews. Be careful.
2022-11-22 17:30
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