Are you a Forex trader? Do you want to trade on tgkkam.com? Carefully read TGKK Limited review to know about this broker.
This post promises to share helpful review to support clients/traders in making the right decision.
What is TGKK Limited?
TGKK Limited located at tgkkam.com is an offshore brokerage company with a lot of promises for traders. The broker claims it is headquartered in London with direct branches in the United States, Vanuatu and Sydney, Australia.
Further, the broker offers different instruments like forex, stocks, commodities, crypto, bonds and indices. Also, it presents a zero spread difference in Buy/Sell.
To clarify, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
See section below …
Deposit and Withdrawal
TGKK Limited Minimum Deposit:
TGKK Limited minimum deposit is not indicated on the platform. The good thing about a genuine FX broker is that Minimum deposit is made known to traders, and clients can start trading as low as $100
As for the payment methods, there is no payment information on the website. Rightfully, you should not consider making any payment with this broker because it is a risk.
Another important thing, offshore brokers are commonly known for accepting crypto currencies. For this purpose, payments made through this method are anonymous and can only be traced to a wallet address and not to a specific person. So beware!
Withdrawal process:
TGKK Limited leaves us with no specific information on withdrawal fee nor processing days on withdrawal request. The broker provides no clear description on trade requirements that must be met before a withdrawal.
TGKK Limited Platform:
TGKK Limited platform says MT5 (Industry standard trading platform). The presence of MT5 doesn’t make the broker legit because any scam broker can do the same to lure forex traders. However, the broker is already a red flag for traders.
TGKK Limited leverage can get up to 1:500. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Won’t you rather trade with a licensed and legit broker? Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK, ASIC in Australia, NBRB in Belarus, CySEC in Cyprus as well as IIROC in Canada which makes client funds safe. They accept traders worldwide…visit their official website
Why tgkkam.com Is A Suspicious Broker
First of, tgkkam.com has no financial authority overseeing its financial services. As far as we’re concerned, this is the one of the most ambiguous yet common remarks made by scammer entities, helping them become as vague as possible but yet retaining the illusion of being legit. On our search, We could not find this broker on Financial Conduct Authority, UK register let alone licensed by FCA, UK.
Additionally, the National Futures Association (NFA), U.S where TGKK Limited also claims to be registered, requires the broker to be granted a status of a Forex Dealer Member (FDM) and Futures Commission Merchant (FCM) by the Commodity Futures Trading Commission (CFTC).
Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are drawbacks for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
TGKK Limited Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation which means wiring your money for trading is risky. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
COMPARE WITH A TRUSTED BROKER
Fortrade
Fortrade is a UK-based broker with address at Michelin House, 81 Fulham Road London, SW3 6RD, United Kingdom. They are among the best brokers in the industry offering trades in numerous assets including stocks, commodities, currencies, indices, and cryptocurrencies. Fortrade is regulated and licensed by the FCA(Financial Conduct Authority) in the UK well as ASIC in Australia which makes client funds safe. They accept traders worldwide..visit their official website
Conclusion:
TGKK Limited located at tgkkam.com claims to be a genuine trading broker, but that cannot be ascertained. From all indications, we would advise traders to steer clear from this FX broker as it likely a platform run by scammers. Therefore, we urge our readers to rely on regulated brokers like this or any licensed entity.
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