TS Markets is a forex broker that claims to offer a variety of trading services, including forex trading, CFD trading, and binary options trading. However, there are a number of red flags that suggest that TS Markets is a scam broker.
Company Overview
It is a relatively new broker, having been founded in 2018. According to their website, they originated in the United States of America. The most important thing is that they are not operating under their name, they are operating under the “Novopus GPT” name.
Does TS Markets Have Any License?
No, This website does not have any license from any financial regulatory authority. This is a major red flag, as it means that the broker is not subject to any oversight or regulation.
They show that they are registered under the State of Colorado. But, this is not a license, this is just a registration document in their business directory.
Are TS Markets Regulated By Any Authority?
No, TS Markets is not regulated by any authority. They also claim that they are regulated by FinCEN. However we found that there is no matching found in their database.
Pros and Cons
Pros:
- TS Markets offers a variety of trading instruments, including forex, CFDs, and binary options.
- They offers a variety of educational resources, including tutorials and webinars.
Cons:
- TS Markets is not regulated by any financial regulatory authority.
- They have a poor reputation online, with many complaints about the broker’s customer service and withdrawal policies.
- It is a relatively new broker, and there is no track record of its performance.
How Does TS Markets Reach To Their Prey?
TS Markets uses a variety of methods to reach potential clients, including:
- Paid advertising on websites and social media platforms.
- Cold calling.
- Email marketing.
- Referral programs.
Technical Details
Minimum Deposit:
The minimum deposit requirement for TS Markets is $250.
Trading Platform:
This website uses the MetaTrader 4 trading platform. MetaTrader 4 is a popular and well-respected trading platform, but it is important to note that TS Markets does not offer the latest version of the platform, which is MetaTrader 5.
Spread:
The spreads offered by TS Markets are not competitive. The average spread for EUR/USD is 1.5 pips.
Leverages:
TS Markets offers high leverages, up to 1:500. However, high leverages can magnify losses as well as profits.
Packages and Products They Offer
TS Markets offers a variety of trading packages, each with its own set of features and benefits. The most basic package, the Starter Package, requires a minimum deposit of $250. The most advanced package, the VIP Package, requires a minimum deposit of $10,000.
Withdrawal and Deposit Method
TS Markets offers a variety of withdrawal and deposit methods, including credit cards, debit cards, wire transfers, and e-wallets. However, there are a number of fees associated with withdrawals and deposits.
What Do Their Previous Traders Say?
There are a number of complaints about TS Markets online, with many traders reporting problems with the broker’s customer service and withdrawal policies. Some traders have also claimed that they were scammed by TS Markets.
Summing Up- Why Should Not You Trust TS Markets
There are a number of reasons why you should not trust TS Markets. The broker is not regulated by any financial regulatory authority, it has a poor reputation online, and it has been accused of scamming traders. If you are considering trading with TS Markets, I urge you to reconsider. There are many legitimate brokers out there that you can choose from.
If Bad Things Happen, Where Can You Get The Quick Solution?
If you have lost money to TS Markets, you may be able to recover your funds through a chargeback or a refund. You can also us for a quick solution to get professional guidance. You will get some recovery service recommendations to get help in recovering the lost funds.
File A Complaint Against Scam Broker's
Final Thoughts
TS Markets is a suspicious broker that should be avoided. If you are considering trading with TS Markets, we urge you to reconsider. There are many legitimate brokers out there that you can choose from.
We hope this article was helpful. If you have any further questions, please feel free to ask.
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