Note: For some unknown reason, we cannot open TPS official site (http://www.tpstrade.net/zh-cn) while writing this introduction, therefore, we could only gather relevant information from the Internet to present a rough picture of this broker. Traders should be careful about this issue.
Risk Warning
The New Zealand FSPR regulatory (license number: 572807) claimed by this broker is a suspicious clone, please be aware of the risk!
Online trading involves a significant level of 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 contained in this article is for general information purposes only.
General Information & Regulation
TPS, a trading name of TPS LIMITED, is allegedly a financial company registered in China that claims to provide its clients with the industry-standard MetaTrader4 trading platform.
As this brokerage's website cannot be accessed, we were unable to obtain further details about its trading assets, leverage, spreads, minimum deposit, etc.
As for regulation, it has been verified that TPS has a suspicious clone Financial Service Providers Register (FSP) license. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and it receives a relatively low score of 1.42/10. Please be aware of the risk.
Negative Reviews
Some traders shared their terrible trading experiences on the TPS platform at WikiFX. They said they were unable to withdraw. It is necessary for traders to read reviews left by some users before choosing forex brokers, in case they are defrauded by scams.
Field Survey
It has been proved by the on-the-site investigation of the staff that the actual address of New Zealand licensed broker TPS is not consistent with that declared by the supervision agency. The Financial Service Corporate License (572807) issued by FSP that the broker holds is suspicious of cloning.
Trading Platform Available
The platform available for trading at TPS is the worlds most widely-used MetaTrader4. In any case, we recommend using MT4 or MT5 for your trading platform. Forex traders praise MetaTrader's stability and trustworthiness as the most popular forex trading platform. Expert Advisors, Algo trading, Complex indicators, and Strategy testers are some of the sophisticated trading tools available on this platform. There are currently 10,000+ trading apps available on the Metatrader marketplace that traders can use to improve their performance. By using the right mobile terminals, including iOS and Android devices, you can trade from anywhere and at any time through MT4 and MT5.
Customer Support
TPS‘ customer support can be reached by email: tpsforex@hotmail.com. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most brokers offer.
