TCN MARKETS Spreads, leverage, minimum deposit Revealed

WikiFX | 2023-01-10 10:27

Abstract：TCN MARKETS is registered in China and appears to be a fraudulent broker without any credible regulation, with a history of no more than 2 years.

Registered in	China
Regulated by	No effective regulation at this time
Year(s) of establishment	1-2 years
Trading instruments	Information not available
Minimum Initial Deposit	$1000
Maximum Leverage	Information not available
Minimum spread	Information not available
Trading platform	Information not available
Deposit and withdrawal method	Information not available
Customer Service	Information not available
Fraud Complaints Exposure	No for now

　　Note: At this time, we only have a cursory look at TCN MARKETS as the company's official website (https://tcnmarkets.com/ ) does not open properly.

　　Screenshot time: 01/09/2023

　　WikiFX provides dynamic scoring, it will track the broker's dynamic real-time scoring, the current time screenshot scores do not represent past and future scoring.

　　General information and regulations

　　TCN MARKETS is registered in China and appears to be a fraudulent broker without any credible regulation, with a history of no more than 2 years. Unfortunately, we could not find any more detailed information about this broker on the internet. Therefore, we recommend that you do not deal with such a low-information broker right off the bat and always consult WikiFX to get at least a basic understanding of a broker.

　　When choosing a forex broker, you should know that a regulatory license does not necessarily guarantee the reliability of a broker as it may be an expired or cloned regulatory license, but a broker without any regulatory license has a high probability of being unreliable.

　　Account types

　　TCN MARKETS offers a total of TCN MARKETS account types: silver, gold, platinum and VIP. the minimum deposit to open an account is $1,000, $10,000, $50,000 and $250,000 respectively. If you are still a beginner and don't want to invest too much money in Forex trading, a silver account will be the most suitable option for you. However, we should also realize that too little capital not only reduces losses, but also reduces profitability. Therefore, you may find it “unexciting” or unprofitable. In addition, accounts with smaller initial deposits tend to have poorer trading conditions.

　　Customer support

　　Unfortunately, we did not find any useful information on the web about TCN MARKETS customer support. Regulated brokers usually disclose their phone numbers, emails or business addresses so that their clients can contact them.

　　Users exposures

　　We have not received any reports of fraudulent activity at this time.

　　Frequent asked questions about TCN MARKETS

　　Is this broker well regulated？

　　No, it is currently not effectively regulated and you are advised to be aware of its potential risks.