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Sanction
US NFA
2021-08-05
Sanction
UK FCA
2019-10-11
The FCA fines Tullett Prebon £15.4 million 
Tullett Prebon
| Tullett Prebon Review Summary | |
| Founded | 2005 |
| Registered Country/Region | United Kingdom |
| Regulation | Suspicious Fake FCA License |
| Market Instruments | Forex, Commodities, Energies, Equities, Insurance |
| Demo Account | Not Mentioned |
| Leverage | Not Mentioned |
| Spread | Not Mentioned |
| Trading Platform | Not Mentioned |
| Min Deposit | Not Mentioned |
| Customer Support | Phone: +44 (0) 20 7200 7000 |
| Fax: +44 (0) 20 7200 7146 | |
| Email: InvestorRelations@tpicap.com | |
Tullett Prebon, which is part of TP lCAP Group, is an unregulated UK platform. They claim to function as an intermediate in the wholesale financial and energy sectors, facilitating trading activities for their clients, notably commercial and investment banks. Their market instruments include forex, commodities, energies, rates, equities, credit, and insurance.
Pros & Cons
| Pros | Cons |
| A wide range of tradable assets | Suspicious clone FCA license |
| Multiple customer support channels | Unclear trading conditions |
Is Tullett Prebon Legit?
Tullett Prebon is not a legal platform. It cloned Amerex Futures Limited's license but claimed to be regulated.
| Regulatory Status | Suspicious Clone |
| Regulated by | Financial Conduct Authority |
| Licensed Institution | Amerex Futures Limited |
| Licensed Type | Investment Advisory License |
| Licensed Number | 192205 |
What Can I Trade on Tullett Prebon?
Tullett Prebon offers broking services for a wide range of asset classes including forex, commodities, energies, rates, equities, credit, and insurance.
| Trading Asset | Available |
| forex | ✔ |
| metals | ❌ |
| commodities | ✔ |
| indices | ❌ |
| energies | ✔ |
| stocks /shares | ❌ |
| cryptocurrencies | ❌ |
| options | ❌ |
| funds | ❌ |
| ETFs | ❌ |
| equities | ✔ |
Each asset class covers a broad range of products.
| Asset class | Coverage |
| Forex | FX Options (FXO), Forward FX, Non-Deliverable Forwards (NDFs), EM IRS. |
| Equities | Cash Equities, ADRs, Single Stock and Index Options, MSCI Futures, Delta 1, Equity Finance, Stock Loans. |
| Energy & Commodity | Oil Derivatives, Physical Oil, Power, Gas, Coal, Liquified Natural Gas (LNG), Base Metals, Precious Metals, Environmental Products, Alternate Fuels, Commodity Options, Softs and Ags |
Customer Service
| Contact Options | Details |
| Phone | +44 (0) 20 7200 7000 |
| Fax | +44 (0) 20 7200 7146 |
| InvestorRelations@tpicap.com | |
| Social Media | Linkedin, Twitter, Instagram |
| Supported Language | English |
| Website Language | English |
| Physical Address | TP ICAP Group plc, 135 Bishopsgate, London, United Kingdom, EC2M 3TP |
The Bottom Line
To sum up, Tullett Prebon is rich in tradable products. However, they aren't safe to trade since Tullett Prebon's regulatory status is abnormal.
Q&A
Is Tullett Prebon regulated?
No. Tullett Prebon's license is a fake clone.
Is it safe to trade with Tullett Prebon?
No. Trading on an unregulated platform can't be safe.
Can Tullett Prebon be a good broker for beginners?
No. Beginners should avoid such illegal platforms.
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