Is TGC FX a scam or a legit broker?
It is not safe to trade with TGC FX, because it is an unregulated broker. In addition, the company has been suspected to be a fraud. While we checked the company there is no authorization or registration of the address, therefore the company seems to be highly suspicious while might operate its services from an absolutely different location.
About TGC FX
|🗺️ Registered in||No Registration|
|🗺️ Type of License||No License|
|🛡️ Is TGC FX safe to trade||No|
|🗺️ Recommended Licenses||FCA in UK 🇬🇧 & ASIC in Australia 🇦🇺|
|🖥 Alternative Broker||FP Markets - licensed by ASIC in Australia|
TGC FX is a broker that offers trading in Forex, as well as CFDs on indices and commodities. The broker is owned and operated by Times Global Capital Group Limited, a company founded in Hong Kong in 2010. It does not claim to be regulated in Hong Kong. Although it mentions being headquartered in the NFA (National Futures Association in the USA)regulation, there is no record of this company in the NFA Register (Find Best Forex Brokers for US Clients). Instead, we can recommend you to trade with CFTC regulated safe broker Oanda.
The website states that The TGC FX cooperates with the world’s top Banks, including Barclays Bank, HSBC etc, but this information seems to be deluding as well as the NFA registration.
As a general rule, unregulated brokers or those who make false claims, are better to be avoided, as there is a high chance of them to be frauds.
We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as BlackBull Markets and Pepperstone.
Yet, it is always great to hear your personal opinion about TGC FX. So you may share your experience or thoughts or discuss them below or ask us for additional information.
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