TP Global FX HeadlinesTrading PlatformsMarketsSpreads & CommissionLeverageMobile AppDeposits & WithdrawalsDemo AccountTP Global FX BonusesLicense ReviewAdditional FeaturesTP Global FX AccountsBenefitsDrawbacksTrading HoursCustomer SupportSecurityTP Global FX VerdictAccepted CountriesAlternatives to TP Global FXFAQ
TP Global FX is a forex and CFD brokerage, with a focus on transparency and innovation. The broker has a lot to offer, with over 150 instruments to trade with, true STP pricing (spreads from 0.1 pips) and a wealth of educational resources. Our review will assess the online trading provider, helping you decide whether to open a TP Global FX account.
TP Global FX Headlines
TP Global FX was founded in 2017. They are regulated in Vanuatu with the Head office in Dubai. In addition, they have offices in Cyprus, Mauritius, Armenia, Nigeria and Vanuatu.
They aim to revolutionise the forex market with innovative investment technology and by educating their clients and partners. The brokerage also offers a bespoke copy trading service.
Trading Platforms
MT4
The MT4 cabinet is suitable for traders of all skill levels. It is the platform of choice for most brokers, with millions of traders using the service.
MT4 contains a range of innovative tools, including:
Trading history
3 execution modes
23 analytical objects
4 pending order types
30 technical indicators
Customisable charting features
9 time-frames, from one minute to a month
TP Global FX MetaTrader 4
MT5
MT5 is a comprehensive multi-asset trading platform, aimed at skilled traders. Offering more advanced trading tools than its predecessor, it is a powerful online investing solution:
21 timeframes
Economic calendar
Depth of Market data
80 technical indicators
MQL5 programming language
2,500 + algorithmic trading applications
Additional pending orders and execution types
TP Global FX MetaTrader 5
Note, both the MT4 and MT5 trading platforms can be downloaded from the broker’s website.
Markets
TP Global FX offers a range of trading instruments:
Metals – Gold, silver and platinum
Commodities – Oil, cocoa, cotton, coffee and sugar
Indices – Most major indices including Dow Jones, Nasdaq and Dax
Forex – USD, EUR, GBP pairs along with minor and emerging currencies
Stocks – Variety of global shares including major players like Apple, Amazon, Tesla and Facebook
Cryptocurrency – Pairs traded 24/7
Live quotes can be found on the TP Global FX website, a useful feature.
Spreads & Commission
Spreads at TP Global FX are tight, particularly on the Pro and VIP accounts. That said, the commission is higher than the industry standard. Both spreads and commissions vary across accounts:
Standard – All fees are included in spreads with the standard account. Typical spreads on major pairs are between 0.1 and 1 pips
Pro – Very tight spreads, between 0.1 and 0.5 pips on major pairs. Commission is higher than most competitors at $15 per lot
VIP – Spreads on the VIP account are also low, from 0.1, commission is $8 per lot
Leverage
As a broker regulated outside the EU, high leverage is available at TP Global FX. Rates vary depending on the account type:
Standard – Forex and CFD leverage up to 1:500
Pro – Forex and CFD leverage up to 1:500
VIP – Forex and CFD leverage up to 1:200
High leverage can mean huge profits but equally could lead to great losses – make sure to use stops and losses.
Mobile App
TP Global FX utilises the MT4 and MT5 platforms which both support mobile devices. There are a wealth of tutorials on the MetaQuotes applications online.
The mobile apps are fully featured and easy to navigate. 24/5 customer support, including a live chat function, is readily available to assist with technical issues. Mobile traders can make deposits and withdrawals, claim promos and access the full range of TP Global FX instruments.
TP Global FX mobile app
Deposits & Withdrawals
The minimum deposit requirement is $200. There are no deposit fees but transactions can only be made via:
Tether
Bitcoin
Bank transfer
If you deposit with Bitcoin or Tether, the money can only be withdrawn the same way. Wire transfer deposits can be withdrawn via bank transfer, Bitcoin and Tether. There are no Bitcoin or Tether withdrawal fees. Bank transfers require a minimum withdrawal of $1,000, payments under that threshold incur a charge.
Weekday Bitcoin and Tether transfers take between 12 and 24 hours to process, whilst international bank transfers can take 5 to 6 working days.
Demo Account
The TP Global FX demo account enables users to trade in simulated market conditions. The account is aimed at beginners, teaching the user to read charts, open and close positions, and trade safely in real-time conditions.
You can set your own leverage levels and benefit from £1,000,000 in virtual funds. A short registration form needs to be completed online before you can start trading.
TP Global FX Bonuses
There were no promotional deals or deposit bonuses available on the TP Global FX website at the time of this review. Check the broker’s website for upcoming deals before opening an account.
License Review
TP Global Services Limited is registered offshore by the SVG FSA, in St. Vincent and the Grenadines. SVG FSA isn’t recognised globally as a strong financial regulator and offers limited oversight.
TP Global FX Africa Limited is registered in the Federal Republic of Nigeria, operating under the Companies and Allied Matters Act 1990.
There isn’t currently any client account segregation or negative balance protection. The lack of top-tier regulation coupled with insufficient protective measures doesn’t inspire trust.
Note, the broker is legal and accessible to traders in India.
Additional Features
Education is at the core of the TP Global FX philosophy: Educate, Execute, Earn. The website features a blog that is home to daily technical analysis reports and regular market news.
An economic calendar and forex calculator are both available, aiding forex trading. Webinars, educational videos and online mentors will soon be made available on the TP Global FX website too.
TP Global FX copy trade
TP Global FX Accounts
There are three levels of accounts at TP Global FX. They all come with varying deposits, commissions and spreads:
Standard – Minimum deposit $200, zero commission, spreads from 0.1 pips, leverage up to 1:500 – ideal for beginners
Pro – Minimum deposit $500, $15 commission per lot, spreads from 0.2 pips, leverage up to 1:500 – ideal for intermediate traders
VIP – Minimum deposit $25,000, $8 commission per lot, spreads from 0.1 pips, leverage up to 1:200 – ideal for veteran traders
Benefits
Secure login
1:500 leverage
Strong reviews
True STP pricing
Competitive spreads
Copy trading functionality
MT4 & MT5 trading platforms
Drawbacks
No scalping
Poor regulatory status
Limited payment methods
Trading Hours
TP Global FX is open for trading Monday through to Friday, following the financial markets from Sydney to Tokyo, London and then to New York. See the broker’s website for further details. Note, the TP Global FX website is open 24/7.
Customer Support
The customer support team is available 24/5 via email, telephone, live chat or via a support message on the website:
Chat – Live chat icon
Telephone – +1 7754366970
Email – support@tpglobalfx.com
Office addresses:
Nigeria – 45, Labaiwa Road, Oke-aregba, Abeokuta, Ogun State, Nigeria
St Vincent & the Grenadines – 305 Griffith Corporate Park, Beachmont Kingston, Saint Vincent & the Grenadines
Security
A privacy policy and terms and conditions can be found at the bottom of the TP Global FX website. Security procedures are regularly reviewed to align with international IT and data protection practices. MetaQuotes platforms also use industry-standard security protocols.
TP Global FX Verdict
TP Global FX is a young broker with a strong ethos centred around education and technological innovation. It will be interesting to see how the brokerage develops as education initiatives are rolled out. As it stands, the absence of top-tier regulators is a drawback. The narrow product range and limited account protections also make it difficult to trust TP Global FX.
Accepted Countries
TP Global FX accepts traders from Australia, Thailand, Canada, United Kingdom, South Africa, Singapore, Hong Kong, India, France, Germany, Norway, Sweden, Italy, Denmark, United Arab Emirates, Saudi Arabia, Kuwait, Luxembourg, Qatar and most other countries.
Traders can not use TP Global FX from United States.
Alternatives to TP Global FX
If you are looking for alternatives to TP Global FX we have compiled a list of the top 5 brokers that are similar to TP Global FX below. This list of brokers like TP Global FX is in order of similarity and only includes companies that accept traders from your location.
OctaFX – OctaFX offers multi-asset trading on a range of platforms and mobile solutions.
Vantage – Reliable and affordable trading since 2009. Join over 900,000 others trading on 400+ CFD products over assets like forex, gold, indices, cryptocurrency and shares from 0.0 spreads through TradingView, MT4 or MT5. Vantage is ASIC regulated and client funds are segregated. Open an account in under 5 minutes.
AdroFX – AdroFX is a regulated, global broker offering forex, CFD and crypto trading with MT4 access and attractive welcome bonuses.
RoboForex – RoboForex is a multi-asset online broker offering powerful trading aides.
FP Markets – FP Markets is a multi-asset broker offering a choice of trading platforms.
FAQ
What leverage is applied to TP Global FX accounts?
Leverage is available up to 1:500 depending on the TP Global FX account. These are high rates that can increase both wins and losses.
How much capital do I need to trade with TP Global FX?
The minimum deposit to open an account at TP Global FX is $200. This is a low requirement and makes the broker accessible for beginners.
What are the minimum trading volumes at TP Global FX?
The minimum trade size is 1 micro lot, or 0.01 of a lot, equating to 1,000 CCY. Note, minimum trading volumes also vary by account type.
When do the markets open at TP Global FX?
TP Global FX is open for trading during standard market hours, 24/5. See the broker’s website for a breakdown of opening hours by instrument.
Do I have to provide any documents to TP Global FX to open an account?
To open a live account with TP Global FX, proof of identification and proof of address is required.
These can be emailed or uploaded to the broker’s client portal. Document checks take place within 24 hours of receipt.