TP Trades-Overview of Minimum Deposit, Spreads & Leverage
Zusammenfassung： TP Trades is a Comoros-based trading broker that offers trading services mainly in forex, metals, indices, cryptocurrencies and CFDs, to both retail and institutional clients. It offers two live accounts, with an affordable minimum deposit USD 20 and tight starting spread from 0 pips.
| TP Trades Review Summary | |
| Founded | 2019 |
| Registered Country/Region | Comoros |
| Regulation | NFA (Exceeded) |
| Market Instruments | Forex, Metals, Indices, Cryptos, CFDs |
| Demo Account | ❌ |
| Spread | From 1.5 pips (Standard account) |
| Leverage | Up to 500x |
| Trading Platform | MT4 |
| Minimum Deposit | USD 20 |
| Customer Support | Contact ticket, live chat |
| Tel: +662-0963249 | |
| Email: SUPPORT@TPTRADES.COM | |
| Registered address: PB 1257 Bonovo Road, Fomboni Island of Mohéli Fomboni, Comoros | |
| Restricted Regions | United States of America, European Countries, the Islamic Republic of Iran and Israel |
TP Trades Information
TP Trades is a Comoros-based trading broker that offers trading services mainly in forex, metals, indices, cryptocurrencies and CFDs, to both retail and institutional clients. It offers two live accounts, with an affordable minimum deposit USD 20 and tight starting spread from 0 pips.
In addition, traders can enjoy top-notch trading experience with the industry-leading MetaTrader 4 platform. And the broker implements fund segregation to protect customer assets and provides banking and treasury services through world top-tier banking institution to its clients.
However, one crucial thing that should raise your great attention is that the broker exceeds NFA regulation, requesting extreme cautiousness from you before deciding to trade with them.
Pros and Cons
| Pros | Cons |
| Fund segregation | Exceeded NFA regulation |
| MT4 platform | Trading commissions charged |
| Affordable minimum deposit | |
| Live chat support |
Is TP Trades Legit?
TP Trades is currently being regulated by NFA (National Futures Association) with license no. 20251025171.
However, you should aware that the regulation status is exceeded, indicating possible engagement in financial activities beyond what is legally permitted by NFA.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License No. |
 | NFA | Exceeded | TP Trades Group Co., Ltd | Common Business Registration | 20251025171 |
What Can I Trade on TP Trades?
| Trading Instruments | Supported |
| Forex | ✔ |
| CFDs | ✔ |
| Metals | ✔ |
| Indices | ✔ |
| Cryptocurrencies | ✔ |
| Stocks | ❌ |
| Bonds | ❌ |
| Options | ❌ |
| ETFs | ❌ |
Account Type
TP Trades only offers two live accounts, namely Standard and ECN accounts, with an affordable minimum deposit of USD 20.
Standard account is suitable for general investors even beginners, while ECN account is designed for professional traders who would like to trade with the raw spread directly from Liquidity providers.
| Account Type | Minimum Deposit | Spread | Commission |
| Standard | USD 20 | From 1.5 pips | ❌ |
| ECN | From 0 pips | USD 7 per trade |
Leverage
While the broker offers leverage up to 500x, traders should use leverage cautiously and choose the product that best suits their experience levels to avoid huge losses.
| Asset Class | Maximum Leverage |
| Forex | 1:500 |
| Metals | 1:300 |
| CFDs | 1:200 |
| Cryptos | 1:7 |
Trading Platform
TP Trades claims to use the world renowned MetaTrader 4 platform, which is well-recognized by its advanced charting tools and robust functionalities.
You can reach the platform on web, or download app from Windows, mobiles phones.
| Trading Platform | Supported | Available Devices | Suitable for |
| MT4 | ✔ | Web/Windows/Mobile phones | Beginners |
| MT5 | ❌ | / | Experienced traders |
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