Score

1.32 /10
Danger

TCM Globals

Cyprus

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

Suspicious Overrun

High potential risk

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Comparison

Quantity 2

Exposure

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Website

Score

Regulatory Index0.00

Business Index5.51

Risk Management Index0.00

Software Index4.00

License Index0.00

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ES CNMV
2024-07-08

Broker Information

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Company Name

TCM Globals Limited

Company Abbreviation

TCM Globals

Platform registered country and region

Cyprus

Company website

Company summary

Pyramid scheme complaint

Expose

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Warning: Low score, please stay away! 3
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The CyprusCYSEC regulation (license number: 227/14) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Pyramid scheme complaint
Expose
TCM Globals · Company summary
TCM Globals Review Summary
Founded2022
Registered Country/RegionCyprus
RegulationSuspicious clon
Market InstrumentsForex, Stocks, Commodities, Futures, Bonds, Cryptocurrencies
Demo AccountAvailable
LeverageUp to 1:500
SpreadStarts from 0 pips
Min Deposit$100
Customer SupportPhone: +357 22 030446
Email: support@tcmglobals.com

TCM Globals Information

Established in Cyprus in 2022, TCM Globals offers a wide range of trading assets, including forex, equities, commodities, futures, bonds and cryptocurrencies. With the competitive advantage of offering 24/7 customer support, the platform offers a user-friendly trading environment accessible on Android, iOS and desktop devices with leverage up to 1:500 and competitive spreads as low as 0 points.

TCM Globals Information

Pros and Cons

ProsCons
24/5 Customer SupportA suspicious clone Status
User-friendly trading platform accessible on Android, iOS, and desktop devicesHigher Minimum Deposit for VIP/Exclusive Accounts
Competitive Spreads as Low as 0 pips
Copy trading feature provided
Leverage up to 1:500

Is TCM Globals Legit?

TCM Globals operates under the supervision of two different regulatory bodies, namely the Cyprus Securities and Exchange Commission (CYSEC) and the South African Financial Sector Conduct Authority (FSCA). However, these two licenses are labelled as clones.

Under the supervision of CYSEC, TCM globals holds a Market Maker (MM) license No. 227/14.

Meanwhile, in South Africa, TCM globals falls under the regulatory purview of the FSCA and holds a Financial Services company license with license number 47857.

Is TCM Globals Legit?
Is TCM Globals Legit?

What Can I Trade on TCM Globals?

TCM Globals provides more than 1000 types of instruments, mainly including forex, stocks, commodities, futures, bonds and crypticurrencies.

What Can I Trade on TCM Globals?
Tradable InstrumentsSupported
Commodities
Stocks
Forex
Crypto currencies
Futures
Bonds
Binary Options
Mutual Funds

Account Types

TCM Globalsoffers three live account types, namely Standard Account, GOLD Account, PLATINUM ACCOUNT and VIP Account.

StandardGoldPlatinumVIP
Minimum Deposits$100$5,000$10,000$50,000
Spread TypesVariableVariableVariableVariable
Spread from1.20.90.60.3
Leverage1:5001:5001:5001:300
Min Transaction Size0.01 lot0.01 lot0.01 lot0.01 lot
Bonuses80%80%100%100%
Account Types

Leverage

TCM Globals offers a maximum leverage of 1:500 to its traders.

TCM Globals Fees

The spread of standard, gold, platinum and VIP accounts is 1.20, 0.9, 0.6 and 0.3 respectively.

TCM Globals Fees

Trading Platform

TCM Globals provides TCM Globals official trading platform to serve for clients .

Trading PlatformSupportedAvailable DevicesSuitable for
TCM GlobalsDesktop, Android, and iOSInvestors of all experience levels

Deposit and Withdrawal

TCM Globals traders can make deposits using Bitcoin, wire transfers, UPI (Unified Payment Interface), Tether and Perfect Money.

Deposit OptionsMin. DepositFeesDeposit Waiting Time
Local banks100.00 USDNo CommissionUpTo 24 hours
Tether (TRC-20)UpTo 100.00 USDNo Commission1-3 hours
Credit/debit cards0.0020 BTCNo Commission1-6 hours
Bitcoin100.00 USD3% Commission1-6 hours
Wir transfer100.00 USD3% CommissionUpTo 5 days
Deposit OptionsMin. DepositDeposit Waiting Time
Local banks100.00 USD24 hours
Tether (TRC-20)100.00 USD24 hours
Bitcoin100.00 USD24 hours
Deposit and Withdrawal
Deposit and Withdrawal
Deposit and Withdrawal

News

Exposure"I lost a big amount," Victim accused the broker

Is that broker begging you to invest your money into it? Calling you 20 times a day? Giving you tempting deals? If your answer is yes to all these questions, Then it’s high time for you to maintain a distance from the broker. If you don't make a difference now, Soon You will become a victim. As this user became one.

WikiFX
2024-02-22 18:22
"I lost a big amount," Victim accused the broker

ExposureTCM Globals is making people fool

"One day, a random person called and convinced me to invest money with TCM Globals." A complainant said. She complaint against TCM Globals on WikiFX on January 20, 2024.

WikiFX
2024-01-23 19:14
TCM  Globals is making people fool

User Reviews

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User comment

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Comments

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Tan Wei Jie
more than one year
TCM Global's copy trading solution is no worse than IC Markets. I am not talking big. Really a solid one.
TCM Global's copy trading solution is no worse than IC Markets. I am not talking big. Really a solid one.
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2024-07-22 12:12
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Haritha arunachalam
6-12months
Good platform for beginners , i referred my friends too ,
Good platform for beginners , i referred my friends too ,
Translate to English
2024-01-20 14:48
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