Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10

TCM

Belize|2-5 years|
Suspicious Regulatory License|MT4/5 White Label|Regional Brokers|High potential risk|

https://tradecapitalmarket.com/

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

1
Server Name
AlphaBetaFX-Live MT5
Server Location United States

Contact

+1 8574444453
support@tradecapitalmarket.com
https://tradecapitalmarket.com/
New Horizon Building, Philip S.W, Belize City, Belize.

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

Open Now

Contact number

English

+1 8574444453

Broker Information

More

Company Name

Trade Capital Market Ltd.

Company Abbreviation

TCM

Platform registered country and region

Belize

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away!
Previous Detection : 2024-03-29
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

Users who viewed TCM also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

MultiBank Group

8.59
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

STARTRADER

8.53
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

TCM · Company Summary

Registered Country/Area Belize
Founded Year 2-5 years
Company Name Trade Capital Market Ltd.
Regulation No recognized regulation
Minimum Deposit $10 (Solo account)
Maximum Leverage Up to 1:1000 (Solo account)
Spreads Starting from 0.0 pip
Trading Platforms MetaTrader 5 (MT5)
Tradable Assets Forex, Cryptocurrencies, Indices, Precious Metals, Commodities
Account Types Solo, Elite, 0 Spread, Optimum, Prime
Demo Account Available
Islamic Account Not mentioned
Customer Support Phone: +44-2036958896, +971-43306363; Email: support@tradecapitalmarket.com
Payment Methods OK Pay, FasaPay, WebMoney, Perfect Money, bank transfer, Neteller
Educational Tools Not mentioned

Overview of TCM

TCM, or Trade Capital Market Ltd., is a Belize-based financial trading company that operates without recognized regulation. This lack of oversight poses potential risks for individuals considering engaging with the broker. Trade Capital Market Ltd. offers market instruments such as forex, cryptocurrencies, indices, precious metals, and commodities for trading purposes. However, caution is advised due to the lack of regulatory supervision.

The company provides different account types with varying minimum deposits, spreads, leverage, and commission fees. Account options include Solo, Elite, 0 Spread, Optimum, and Prime accounts. Traders should exercise caution when using leverage and carefully consider the spreads, commission fees, and minimum deposits associated with each account type.

Trade Capital Market Ltd. utilizes the widely used MetaTrader 5 (MT5) trading platform, offering features and tools for trading. However, the company's customer support may not be reliable or prompt. It is important for individuals to carefully evaluate the risks involved and exercise caution when considering Trade Capital Market Ltd. as a trading platform.

basic-info

Pros and Cons

Trade Capital Market (TCM) offers several advantages and disadvantages for traders. On the positive side, TCM provides access to a wide range of market instruments, including Forex, Cryptocurrencies, Indices, Precious Metals, and Commodities. Traders can benefit from low spreads, starting from 0.0 pips, and leverage options of up to 1:1000. The company utilizes the popular MetaTrader 5 (MT5) trading platform, which offers a comprehensive set of features and tools. TCM also provides a demo account for traders to practice and familiarize themselves with the platform. Additionally, the minimum deposit requirements are low, starting from $10. However, there are some drawbacks to consider. TCM operates without recognized regulation, which poses a potential risk. There are also concerns regarding the trustworthiness of the company and withdrawal processes. The main website is currently down, and there is limited information available on deposit and withdrawal procedures. Furthermore, there have been negative reviews regarding fund withdrawal, and there is a lack of educational resources and advanced trading tools.

Pros Cons
Offers access to various market instruments (Forex, Cryptocurrencies, Indices, Precious Metals, Commodities) Lack of recognized regulation poses potential risk
Spreads from 0.0 pips Trustworthiness and withdrawal concerns
Utilizes the popular MetaTrader 5 (MT5) trading platform Limited information on deposit and withdraw
Leverage options up to 1:1000 Negative review regarding fund withdrawal
Provides demo account for practice and familiarization Main website is currently down
Low minimum deposit requirements from $10 Lack of educational resources and advanced trading tools

Is TCM Legit?

Trade Capital Market Ltd., as of the latest information available, operates without any recognized regulation. This lack of regulatory oversight poses a potential risk to individuals considering engaging with the broker. It is important to exercise caution and carefully evaluate the potential implications before entering into any financial transactions with Trade Capital Market Ltd.

regulation

Market Instruments

1. Forex: Trade Capital Market Ltd. provides access to the foreign exchange market, allowing clients to trade various currency pairs.

2. Cryptocurrencies: Trade Capital Market Ltd. enables clients to trade cryptocurrencies, such as Bitcoin, Ethereum, and Litecoin. Cryptocurrencies are digital assets that use cryptography for transactions and operate independently of a central bank.

3. Indices: Trade Capital Market Ltd. offers trading opportunities in various stock market indices, such as the S&P 500, FTSE 100, and Nikkei 225. Stock market indices represent the performance of a specific group of stocks, providing investors with an overview of the overall market movement.

4. Precious Metals: Clients of Trade Capital Market Ltd. can engage in trading precious metals like gold, silver, platinum, and palladium. Precious metals are valued for their rarity and are often used as a store of value or for industrial purposes.

5. Commodities: Trade Capital Market Ltd. facilitates trading in commodities, which include natural resources such as crude oil, natural gas, agricultural products, and metals. Commodity trading allows investors to speculate on the price movements of these physical assets.

Pros and Cons

Pros Cons
Opportunity to trade various currency pairs in the Forex market Lack of recognized regulation poses potential risk
Access to cryptocurrencies like Bitcoin, Ethereum, and Litecoin Main website is currently down
Ability to trade in stock market indices such as S&P 500, FTSE 100, and Nikkei 225 Limited information on specific information of market instruments
Engagement in trading precious metals like gold, silver, platinum, and palladium
Opportunity to speculate on price movements of commodities like crude oil, natural gas, agricultural products, and metals

Account Types

The Solo account is the most basic option, requiring a minimum investment of $10. It provides spreads starting from 1.0 pips and a maximum leverage of up to 1:1000. A commission fee of $5 applies to this account.

The Elite account, on the other hand, requires a higher initial investment of $100 and has a commission fee of $5. It offers more favorable spreads starting from as low as 0.5 pips and a maximum leverage of 1:700.

The0Spread account might be of interest. It mandates a minimum initial investment of $1,000 and a commission fee of $10. This account promises spreads starting from 0.0 pips and a maximum leverage of 1:500.

The Optimum account requires an initial investment of $1,000 and has a commission fee of $5. It offers spreads starting from 0.3 pips and a maximum leverage of 1:300.

Lastly, the Prime account is the highest-tier option, demanding an initial investment of $10,000 and a commission fee of $5. It provides spreads starting from 0.1 pips and a maximum leverage of 1:100.

Additionally, TCM offers a demo account for clients to practice and familiarize themselves with the platform before engaging in real trading.

account-types
Pros Cons
Low minimum investment requirement of $10 for Solo account Commission fees apply to all account types
Spreads from 0 pips Prime account demands a significant initial investment of $10,000
Demo account available for practice and familiarization Potential risk associated with high leverage trading

Leverage

Trade Capital Market Ltd. offers different levels of leverage for its trading accounts, with the maximum leverage reaching up to 1:1000 for the Solo account, 1:700 for the Elite account, 1:500 for the 0 Spread account, 1:300 for the Optimum account, and 1:100 for the Prime account. Traders should exercise caution and fully understand the risks associated with trading on leverage before engaging in such activities.

Spreads & Commissions

Trade Capital Market Ltd. offers varying spreads and commission fees across its trading accounts. The Solo and Elite accounts have spreads starting from 1.0 pips and a commission fee of $5. The 0 Spread account offers spreads starting from 0.0 pips with a commission fee of $10. The Optimum and Prime accounts provide spreads starting from 0.3 pips and 0.1 pips, respectively, with a commission fee of $5.

Minimum Deposit

The Solo account has the lowest minimum deposit of $10, while the Elite account requires an initial investment of $100. The 0 Spread account and Optimum account both demand a minimum deposit of $1,000. Lastly, the Prime account has the highest minimum deposit requirement of $10,000.

Deposit & Withdrawal

Clients can make deposits and withdrawals using payment methods like OK Pay, FasaPay, WebMoney, Perfect Money, bank transfer, and Neteller. However, the lack of a Terms and Conditions document outlining withdrawal details and potential fees raises concerns about the trustworthiness of Trade Capital Market as a licensed broker.

Pros and Cons

Pros Cons
Multiple payment methods available (OK Pay, FasaPay, WebMoney, Perfect Money, bank transfer, Neteller) Lack of a Terms and Conditions document outlining withdrawal details
Provides options for both deposits and withdrawals Limited information on deposit and withdraw process
Limited transparency regarding potential withdrawal fees

Trading Platforms

Trade Capital Market Ltd. utilizes the MetaTrader 5 (MT5) trading platform. MT5 is a popular and widely used platform among traders, offering a comprehensive set of features and tools for trading. With MT5, clients of Trade Capital Market Ltd. can access real-time market data, execute trades, analyze charts, and utilize various technical indicators to aid in decision-making. MT5 provides a user-friendly interface, making it easier for traders to navigate and manage their trading activities.

trading-platform
Pros Cons
Comprehensive set of features and tools for trading No alternative platforms available
Real-time market data and analysis tools
User-friendly interface for easy navigation and management

Customer Support

Trade Capital Market Ltd. offers multiple customer support channels for clients to reach out for assistance. They can be contacted by phone at +44-2036958896 or +971-43306363, or through email at support@tradecapitalmarket.com. However, it should be noted that there is no assurance of prompt responses from the company. Trade Capital Market Ltd. is located at New Horizon Building, Phillip S.W, Belize City, Belize.

Reviews

A reviewer on WikiFX shared a distressing experience with TCM, stating that they were unable to withdraw their funds. Despite depositing $2000 and earning a profit of $2818, their account balance showed zero, and their account was disabled by the broker. Despite several emails, they received no response. The reviewer advises others to expose this broker and seeks help in recovering their money.

reviews

Conclusion

In conclusion, Trade Capital Market Ltd. operates without recognized regulation, which presents a potential risk to individuals considering engaging with the broker. They offer access to various market instruments such as forex, cryptocurrencies, indices, precious metals, and commodities. Trade Capital Market Ltd. provides different account types with varying spreads, commissions, leverage levels, and minimum deposit requirements. The broker utilizes the MetaTrader 5 (MT5) trading platform, which offers a comprehensive set of features. Customer support is available through phone and email, but there is no guarantee of prompt responses or reliable assistance. A reviewer on WikiFX shared a negative experience regarding withdrawal issues and lack of response from the company. It is important to exercise caution and carefully evaluate the potential risks before conducting any financial transactions with Trade Capital Market Ltd.

FAQs

Q: Is Trade Capital Market Ltd. a regulated company?

A: Trade Capital Market Ltd. operates without recognized regulation, posing potential risks.

Q: What market instruments can I trade with Trade Capital Market Ltd.?

A: You can trade Forex, cryptocurrencies, indices, precious metals, and commodities.

Q: What are the different types of trading accounts offered by TCM?

A: TCM offers Solo, Elite, 0 Spread, Optimum, and Prime accounts with varying features and requirements.

Q: What is the maximum leverage offered by Trade Capital Market Ltd.?

A: The maximum leverage ranges from 1:1000 to 1:100, depending on the account type.

Q: What are the spreads and commission fees charged by TCM?

A: Spreads vary across accounts, starting from 1.0 pips, and commission fees range from $5 to $10.

Q: What is the minimum deposit requirement?

A: The minimum deposit ranges from $10 to $10,000, depending on the account type.

Q: What payment methods can I use for deposits and withdrawals?

A: Trade Capital Market Ltd. accepts various payment methods, including OK Pay, FasaPay, WebMoney, Perfect Money, bank transfer, and Neteller.

Q: What trading platform does TCM use?

A: Trade Capital Market Ltd. utilizes the MetaTrader 5 (MT5) trading platform.

Q: How can I contact customer support at Trade Capital Market Ltd.?

A: You can contact customer support by phone or email, but prompt responses may not be guaranteed.

Q: Are there any negative reviews about Trade Capital Market Ltd.?

A: There are negative reviews about TCM, including issues with fund withdrawal and lack of response from the broker.

News

"My account was disabled by Broker" ~ Victim said in his complaint against TCM broker

News"My account was disabled by Broker" ~ Victim said in his complaint against TCM broker

2023-05-02 20:00

A User from India complaint against TCM broker on 26 April, 2023. User shared his incident on Wikifx. Victim says that he opened his account on TCM Broker through TCM's Agent on 27/02/2023.

WikiFX
2023-05-02 20:00
News
"My account was disabled by Broker" ~ Victim said in his complaint against TCM broker

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

1

Comments

Write a review

覃园园
more than one year
The minimum deposit amount is just 10 dollars and the leverage is up to 1:1000. YOU can invest with good terms and conditions BUT WITHDRAWS come with STRINGS like depositing so much to withdraw. THINK TWICE AND INVESTIGATE from them if they don't tell you about it then SHARE WASTE OF TIME AND RESOURCES.
2023-03-24 15:33
Reply
0
0
1
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com