Today in our review, we will take a closer look at TCM Investments. This particular entity confidently claims to provide traders with some of the best trading conditions. It sounds highly questionable, as every other scam makes similar claims. Well, let’s put it to the test and see.
- TCM Investments General Information
- Registration and Client Portal Review
- TCM Investments Trading Conditions
- Account Types
- Trading Platform
- TCM Investments — Deposit and Withdrawal of Funds
- Additional Options
- Is TCM Investments a Scam?
- Legal Information and License
- Tcminvestments.com Domain Info
- Contacts Review
- More Details
- Pros and Cons
- Frequently Asked Questions (FAQ)
TCM Investments General Information
|Address||Floor 29, 1 Canada Square, London E14 5AA, United Kingdom|
Registration and Client Portal Review
The official website of TCM Investments leaves much to be desired, to say the least. The dreadful color scheme is simply off-putting, but what’s even more repulsive is the lack of structure. Seriously, finding information about the company feels like searching for puzzle pieces scattered across different sections of the site. Additionally, the limited language options are quite puzzling as well, with only English, French, and German available. It’s clear that website design and organization could use significant improvements.
The registration process for TCM Investments is even worse, to put it bluntly. Seriously, we were exhausted searching for that elusive button. And you know where we found it? In the chat! What sane broker hides the registration form link in a chat instead of placing it prominently? But wait, there’s more. Even if you manage to find the registration form, you won’t be able to register without a promo code. Where can you find it? Try searching in the Chamber of Secrets or Minotaur Labyrinth because TCM Investments conveniently forgot to inform us, just like everyone else, about the existence and location of this code.
TCM Investments Trading Conditions
Despite the trading conditions being openly disclosed, we have significant doubts regarding them.
TCM Investments offers several account types, but let’s start with the minimum deposit. According to their trading terms, you cannot fund your account with less than $300. However, the broker recommends starting with $5,000, although many of their clients trade with a $2,500 deposit. Ideally, a healthy trading account should have a balance of $10,000, but if we’re being honest, the broker would prefer a deposit of $250,000. All of this is outlined in their help center. Perhaps it would have been simpler if they had just set the minimum deposit to a million dollars and spared traders the subsequent persuasion.
By the way, information about leverage is nowhere to be found. It exists, but what exactly it is remains a mystery. The same goes for spread sizes from 0.0 pips. Yeah, right, we believe in this. Meanwhile, the broker has dedicated ample space to describing additional conditions. Surprisingly, TCM Investments does not offer a demo account, an Islamic account, or even a basic cent account. And the order execution model remains undisclosed, though for us, it’s no mystery at all. We already know we’re dealing with a regular dealing desk.
TCM Investments claims to have developed its own trading platform after using MT4 and MT5 for a long time. Well, just like how we used to drive Tesla electric cars but then invented our own. You must have heard of it, haven’t you? No? Well, we haven’t heard of TCM Investments’ platform either. We’re willing to bet against any oracle that this broker doesn’t use MT4 and MT5 simply because MetaQuotes doesn’t collaborate with scam projects. Okay, we might be getting ahead of ourselves here, delving too far into the future.
TCM Investments — Deposit and Withdrawal of Funds
To find out how to fund your account with TCM Investments, you’ll need to give them a call. But you might be thinking, “That’s absurd!” And you’d be absolutely right. The only thing we gathered from the broker’s documents is that they allow funding via bank cards. But why you would need to contact a manager to deposit funds remains a mystery to us. Reputable brokers always provide transparent payment details instead of coming up with nonsensical requirements for funding methods.
The verification process at TCM Investments involves several steps to ensure compliance and security. After registering an account, traders are required to submit certain documents for verification purposes. These typically include proof of identity (such as a passport or driver’s license), proof of address (such as a utility bill or bank statement), and possibly additional documents depending on regulatory requirements.
Once the documents are submitted, the broker’s compliance team will review and verify them. Successful completion of the verification process is necessary to access the full range of services and features offered by TCM Investments, including deposits, withdrawals, and trading activities.
When it comes to discussing TCM Investments’ additional services, the list can indeed be endless. However, it’s important to approach them with a critical mindset. Let’s take the example of “risk-free trades.” While it may sound enticing, in reality, it’s virtually impossible to offer such a guarantee in the real market.
The concept of risk is inherent to trading and investing. It is the very nature of the financial markets. No legitimate broker can eliminate all the risks associated with trading. There will always be market volatility, unforeseen events, and factors beyond anyone’s control that can impact trade outcomes.
Regarding trading signals provided by brokers like TCM Investments, it is essential to approach them with caution and consider the potential drawbacks.
Firstly, it’s important to recognize that trading signals provided by TCM Investments can create a conflict of interest. Brokers may have incentives to generate more trading activity from their clients, as they often receive commissions or spreads from client transactions. This conflict of interest may compromise the objectivity and reliability of the signals, as they may be biased towards generating more trades rather than providing accurate market insight.
Is TCM Investments a Scam?
Is the river wet? Is the mountain solid? Well, it’s clear where we’re heading with this. Here are some pieces of evidence to support our point.
Legal Information and License
It can be really frustrating when brokers simply can’t be bothered to read what they’ve written on their own website. Just take a look at this. In their footer, TCM Investments has a UK address. Then it states that the company is regulated in multiple jurisdictions worldwide. Even the user agreement starts with the name of a legal firm based in England. However, when you visit the regulation section, you suddenly discover that TCM Investments has no licenses. They claim to have submitted the documents in 2022 and are currently awaiting approval. And just because a broker is unregulated doesn’t necessarily mean they’ll steal your money right under your nose. Oh, and we almost forgot. Further into the user agreement, it turns out that all client disputes are resolved in the jurisdiction of Saint Vincent and the Grenadines. What?
Oh, by the way, there is indeed a company with the name TCM Investments they mentioned in the UK registry. The only small issue is that it is inactive. However, who needs to verify their own twisted backstory, right?
Tcminvestments.com Domain Info
It seems like TCM Investments claimed to have submitted license documents in 2022? That’s absolute nonsense. Even though the domain is old and was registered in 2016, its age has no relation to the broker’s age. It’s likely that the domain was simply available for purchase for a long time. According to the web archive, our review subject only started filling out their website in April 2023. And that is their real age.
At first glance, TCM Investments’ contact details may seem fine. However, that is only the case if you are unaware that the address provided is, at the very least, fake. They even have a live chat feature. Although, if you start asking uncomfortable questions about licenses, they will stop responding.
Sometimes we can’t help but admire the productivity of the creators behind Trader Minds. Oops, did we say Trader Minds? Of course, we meant TCM Investments. Although, in essence, what difference does it make when it’s just another run-of-the-mill scam and fraudsters churning out similar-looking websites at lightning speed? The only thing that changes is the slightly different appearance and available languages, tailored to each country’s project. More countries mean more deceived traders, which ultimately leads to more money. It’s a perfect scheme.
Pros and Cons
- Serial scam.
- Fake legal data.
- No license.
- Poor trading conditions.
- Negative reviews.
Frequently Asked Questions (FAQ)
TCM Investments claims to offer various trading services, including CFD trading.
TCM Investments provides conflicting information regarding the minimum deposit requirement. While the broker mentions different amounts, it fails to provide a clear and consistent answer. However, if you still wish to proceed, you can start with a minimum deposit of $300.
No, TCM Investments does not appear to be a safe option. The lack of proper regulation, misleading information, and questionable practices raise significant concerns about the safety and security of client funds.