What is TRP？
TRP is a forex broker that claims to have 10 years of experience but a domain registration date of 2022. It is not regulated by any financial authorities and its website (https://trpforex.com/) is not working anymore. These are all red flags that suggest TRP is a scam.
Regulatory Status
TPR claims to be a regulated broker with 10 years of experience, but there are red flags concerning their regulation status. Their domain was only created in 2022, and searches of regulatory bodies in Hong Kong, Japan, and the UK found no record of TPR. This strongly suggests TRP is not regulated by any financial authorities, which means there are no safeguards in place for client funds.
Pros & Cons
Pros:
Cons:
Unregulated Broker: A significant red flag for any forex broker is a lack of regulation. TRP claims to be regulated, but searches of regulatory bodies in Hong Kong, Japan, and the UK yielded no results. Without regulatory oversight, there are no guarantees regarding the safety of your funds and adherence to fair trading practices.
Short Domain History: TRP states they have 10 years of experience; however, a domain name search reveals the domain was only registered in 2022.
Defunct Website: As of today, the website listed for TRP (https://trpforex.com/) is no longer functioning. A non-functional website makes it difficult to access information, contact customer service, or verify the legitimacy of the company.
Customer Service
TRP offers customer support via email at services@trp-fx.net, and phone at +447828853624.
Conclusion
TRP offers forex trading with a variety of account types and features, but there are significant drawbacks that outweigh any potential benefits. The biggest red flag is the lack of regulation by any financial authority, which means your funds are not protected.
Additionally, TRP claims extensive experience, but their domain is very new and their website is no longer working. Considering these disadvantages, it's best to avoid TRP and find a reputable, well-regulated forex broker.
Frequently Asked Questions (FAQs)
Question: Is TRP a safe broker to use？
Answer: Unfortunately, there are reasons to be cautious about TRP. They claim regulation but lack any verifiable licenses from reputable financial authorities.
Question: TRP says they have 10 years of experience. Is that true？
Answer: There appears to be a discrepancy. While TRP claims a decade of service, their domain was only registered in 2022. This raises questions about their actual experience.
2023-03-15 18:15
