The world of forex trading is full of brokers and trading companies, and they are all offering different quality of services and all sorts of products. However, not all of them are reliable and professional, and by reading our TMS Markets review, you will have a chance to learn more about this particular trading company. It is always good to know as much as possible before signing on the dotted line, and knowing a thing or two about the broker can also save you from a lot of headaches and frustrations in the long run.
Leverage: 1:200 Licences: FSA
Min. Deposit: 100 USD Bonus: N/A
Spreads: from 2 pips US Clients: No
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TMS Markets at a glance
We usually perform a detailed investigation of the broker before writing the reviews so that our readers are provided with the right information. The same principle was applied to exploring a possible TMS Markets scam, and we did stumble on some conflicting elements, but more on that later on. For now, let’s just say that this broker house was established in 2004 as the first broker in Poland. To be more precise, the original company, which was called “PMPE Treasury Management” decided to change a direction and they went through a total re-branding phase in 2004.
Nowadays, it seems that TMS Markets has offices in Riga, Vilnius, and Tallinn, and their headquarters are located in Malta. Also, the broker is licensed by the FSA (Financial Services Authority) in Malta, under the license number IS/70460.
Types of accounts at TMS Markets
According to some TMS Markets reviews, this broke authorized and fully licensed, but the actual website of this company does not provide a lot of information. This fact can present an evident sign of a potential fraud, and that is why we encourage our readers to be very careful when investing their funds. If they still want to start trading with TMS Markets, they will only have one type of accounts available, and TMS Markets call this the Real account. The account setup is free of charge, and there is also a demo account on offer, mostly used by novice traders and beginners.
TMS Markets review: trading software
TMS Markets broker uses a familiar trading terminal called MetaTrader4, and this software is pretty much a standard option in the forex world. It comes in two versions – mobile and web-based, and clients can choose their preferred method of trading. Also, this trading terminal incorporates TMS NonStop, which is a news portal, and all in all, it offers more than 40 currency pairs, 18 major stocks, and most important types of commodities. All in all, the offer seems pretty decent, but safety concerns are the ones that could cause problems to prospective investors.
Bonus features with TMS Markets
As we already mentioned, our TMS Markets opinion is based on the lack of protection and inadequate safety protocols when it comes to the security of clients funds. Unfortunately, scam operations are frequent and common in the world of forex trading and binary options, and that is why you should be very cautious when it comes to bonuses and trading incentives. They are predominantly used to entice newcomers, and when it comes to TMS Markets in particular, they offer a €20 bonus if you verify your account on your smartphone device by using their app.
Another thing that is often present in TMS Markets opinions is the fact that this company does not require an initial deposit to start your account, and this is perhaps “too good to be true.” Of course, we all love “free stuff,” but the corporate world of financial trading is seldom this generous. That is why we examined the banking methods with TMS Markets, and we noticed that they are offering traditional means of transferring funds to and from your account. You can use credit and debit cards, including VISA or MasterCard, or you could opt for e-wallets, such as Skrill. Additionally, wire transfers are possible as well.
TMS Markets Forex broker does, in fact, provide the traders with an extensive list of educational material on the site, and this includes trading tips, videos, and e-books. However, their customer support teams are only available in a couple of languages, and clients can only reach them via phone or live chat. Lack of communication channels just adds to the list of drawbacks that we experienced with this broker company.
TMS Markets review: the final word
Our TMS Markets Forex broker review examined every little detail about this trading company, and we noticed several issues that can cause problems to prospective investors. That is why we cannot recommend this trading portal, and TMS Markets is not one of those broker companies that offers top-notch services.