Score

1.37 /10
Danger

TCN MARKETS

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

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Website

Score

Regulatory Index0.00

Business Index5.92

Risk Management Index0.00

Software Index4.00

License Index0.00

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Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Broker Information

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Company Name

TCN MARKETS

Company Abbreviation

TCN MARKETS

Platform registered country and region

China

Company website

Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-21
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The current information shows that this broker does not have a trading software. Please be aware!

WikiFX Verification

TCN MARKETS · Company summary
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.

General information

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.

account types

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.

User Reviews

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User comment

2

Comments

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FX1092883462
more than one year
Customer support service sucks. They don’t attend to my phone calls, not respond to my emails. They even shut down their website and no one can get in touch with them.
Customer support service sucks. They don’t attend to my phone calls, not respond to my emails. They even shut down their website and no one can get in touch with them.
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2022-12-07 11:47
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