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TFBO -

Score

1.54 /10
Danger

TFBO

New Zealand

5-10 years

Suspicious Regulatory License

White label MT4

Regional Brokers

High potential risk

http://xguniversal.com/ehome.asp

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Comparison

Quantity 5

Exposure

Time Machine
Website

Score

Regulatory Index0.00

Business Index7.24

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Time Machine
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

Tom Ford Barnes Original

Company Abbreviation

TFBO

Platform registered country and region

New Zealand

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 2
Previous Detection : 2024-09-20
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 5 for this broker in the past 3 months. Please be aware of the risk!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Others

TFBO platform has runaway

TFBO platform,fraud platform declined to refund withdrawal,as well as its agent declined the commission, has runaway with related platform HLJY and Sunrise.We victims should ally together !

icy
2019-08-06 03:59
Scam

TFBO platform deliberately gave me wrong direction to make me lose. They even silenced me in the group.

TFBO platform’s people deliberately gave me wrong direction to make me lose a lot within a month. They even silenced me in their QQ group. What’s more, all their news stopped updating ever since December 12th.

FX5598262472
2019-01-23 18:49
Others

Scam platform

At first they added me on Wechat and invited me to a stock live room, where there were talking about that stocks are doing well these days compared to indexes. After investing indexes, the instructor deliberately gave me wrong directions and said he could compensate me after I lost. After a few months, he was missing. I lost all my money. This whole thing is a scam.

LANGHANGTIANXIA
2019-06-13 18:12
Unable to Withdraw

Xigen refuses to pay commissions and offers no access to withdrawing money

I have cooperated with the platform since the end of 2018. But it has not paid me the commissions in January. The payment was delayed to 2019. It said it would pay me in March 10, March 20, and April 10 in three batches. But the money remains unpaid so far. Now I contacted the platform but got no reply. It is running away. The related companies are the Sunrise and Hang Lee. If it remain silent, we will go to Beijing to make complaints against it.

icy
2019-04-16 21:36
Scam

People in the stock group led me to trade on TFBO, giving reverse order advice to cause losses

TFBO platform website: www.xguniversal.com On October 29, 2018, I added QQ number 287593**** , and then was invited into the QQ group. The group number was (69031**** entry time was November 1, 2018, and the group was dissolved on December 5, 2018) . Later, a stock conference was organized in the group. And four people competed in stock trading. The website name: Daqian Capital, link: http://cf.vivsd.com/2000, and now it is no longer accessible. The conference had been held for on month, they said that the stock is not good, and recommended to invest in index. They invited TFOB’s account opening commission into the group. We opened accounts by sanding he information. the trading software is MT4, the trading server is SunriseGrandintl-live. The previous orders were somewhat profitable. After they gave malicious advice, we suffered a major loss. Through our own understanding of the market, some of the orders did not be made, but the accumulated losses were still around 106,000 yuan. On December 5, 2018, the new group was created (70590****) . Since the last message was released on December 12, no information was released. Now the MT4 software account can't be logged in. Fortunately I sorted all the chat records, transfer records, and transaction records before the complaint.

HOUDEZAIWU40323
2019-02-15 23:05
TFBO · Company summary

General Information & Regulation

TFBO (Tom Ford Barnes Original) is a forex broker registered in New Zealand, only targerting the Chinese Market. TFBO is an unregulated broker, which brings a significant risk of loss.

Markets Instruments

TFBO advertises that it has an extensive lists of trading instruments: forex pairs and CFDs on indices, precious metals and indices, shares, Commodities.

Minimum Deposit

TFBO advertises that it enables traders to deposit as low as $100 to start real trading. Although the amount seems reasonable compared to many other brokers requirements, traders are still not advised to trade with this unregulated broker.

Leverage

TFBO offers the leverage up to 1:500 for forex trading, which is quite generous. Since leverage can amplify returns as well as potential risks, trading with an unregulated broker using such high trading leverage is not a good option.

Spreads & Commissions

TFBO says that it offers ultra-low spread, starting from 0 pips on some major currency pairs, but it does not specify detailed spreads on particular instruments.

Trading Platform Available

Like a significant portion of the forex brokers across the world, TFBO uses the popular MetaTrader 4 (MT4) platform. More than 10 years since its launch the platform is still enjoying great popularity, thanks to its ease of use, versatility and extensive functionality. TFBO offers the MT4 platform in all its versions – as a trading terminal for PCs, a web version and the mobile application for smartphones and tablets.

Deposit& Withdrawal

TFBO offers the usual deposit options like bank transfer, credit and debit cards and the Skrill, Neteller and China UnionPay online payment systems.

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User comment

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FX1391540752
more than one year
Terrible experience with this broker. It is a fraud company. They always neglect your withdrawal requests. All contact ways are fake. You can’t get in touch with them. It's recommended to only trade with regulated and reputable brokers to minimize the risk of fraud or scams. Stay safe and always be cautious when investing.
Terrible experience with this broker. It is a fraud company. They always neglect your withdrawal requests. All contact ways are fake. You can’t get in touch with them. It's recommended to only trade with regulated and reputable brokers to minimize the risk of fraud or scams. Stay safe and always be cautious when investing.
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2023-03-27 11:44
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