Thinking of getting into business with Trading Flows? Here is what you must know about this broker. Carefully read this review to find out if Tfpvt.com is the trading platform you will want to trade with.
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About Trading Flows Broker
Trading Flows is an offshore brokerage company with a lot of promises for traders. The broker shows it is from the United Kingdom.
There is nothing much to discuss under this broker as we find Trading Flows pretty scanty. The broker has failed to tell us about its account types, spreads, minimum withdrawal and leverage.
To clarify, in spite the trading instruments Trading Flows claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.
Tfpvt.com: Reasons to Avoid This Broker
Firstly, Tfpvt.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because we could not find the broker on Financial Conduct Authority, UK database amongst licensed brokers.
Secondly, we noticed Tfpvt.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.
More so, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.
These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.
Withdrawal and Deposit
Withdrawal process
Under the withdrawal policy, Trading Flows takes different timeframes in processing withdrawal request, thus, 14 days for Wire Transfer, 2 calendar days for Crypto Currencies and other online methods.
Minimum Deposit
The broker minimum deposit is $100.
As for the payment methods, Trading Flows uses Debit/Credit, Bank Transfer, Neteller and Skrill. But, you should not consider making any payment with this broker because it is a risk. So beware!
Trading Flows Platform
Trading Flows claims to offer MT5 (Industry standard trading platform) which is quite good for forex trading. However, this offer doesn’t make the broker legit because any scam broker can do the same to lure forex traders.
As for the leverage, the broker discusses nothing on that. Truly, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.
Trading Flows Licensing and Regulation
It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.
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Licensed in Australia(ASIC) and Cyprus(Cysec)
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Conclusion: Is Tfpvt.com a Reliable Broker?
No, Tfpvt.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.
Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.
Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.
Kindly share your comment about this broker in the comment section.