TIGcap is a new online broker that is getting clients from scam trading apps like Tesler Trading. It seems they just opened in September 2023.
This broker is identical to many other CFD brokers that we have reviewed before, and they are using what is called a white label trading platform.
Before investing with an offshore broker, it is important to understand what the risks involve. Take a minute and read about the complaints we received from millions of investors who visit our website, read this.
TIGcap Broker Reviews
Day Traders and Investors at TIGcap are offered a basic white label web-based trading platform. This trading platform is simple with no frills, and not very user friendly for a new trader since it is lacking many important features. They are using the popular Trading View charts, but they are not a recommended or integrated broker at Trading View.
If you have dreams of becoming a professional investor / day trader, you will not find the industry standard Meta Trader 5 (MT5) trading app. All investors today are using a decent mobile trading app, but this broker doesn’t offer one.
Like all brokers, they offer a nice variety of underlying assets for CFD trading including; Forex Major, Forex Minor, Crypto Currency, Gold, Silver, Oil, Natural Gas, Market Indices, and Shares. Margin rates on $BTCUSDT are 10:1 and the spread is $15. Since you signed up to TIGcap from a Tesler Trading type scam, the minimum required deposit is $250.
This broker uses a few different payment processors to deposit with Crypto or Credit Cards. When depositing money at a broker that uses crypto payment processors, you lose your credit card fraud protection.
Scam Crypto Trading App
Just like you and everyone else read this broker review, we found these guys when we registered for the Tesler Trading app which advertises heavily on Instagram.
You should really take a few minutes to learn about automated trading apps, see here.
Is TIGcap a Legit Broker?
No, TIGcap is not a licensed or regulated broker, and they are not supervised by any government agency. Although they are targeting people in Australia, they are not regulated by the government regulator ASIC
Officially they are owned and operated by “TIG Capital” located at: Rue du Rhône 78, 1204 Genève, Switzerland. Is there anyone actually at that address? probably not. Contact phone number in Australia is: +61285285900. Customer support email address is: [email protected]. Their official website is at: https://tigcap.io/.
The way that the Scam Broker Investigator reviews a new Forex or Crypto CFD broker to see if they are a scam broker or a legitimate broker, is by checking for a license from a government financial regulator. When investors use a local broker, that is licensed and regulated in your country, it usually ensures you will not have problems withdrawing your profits.
Compare Regulated Brokers
New investors who are looking for a regulated broker have plenty of brokers to choose from.
Fusion Markets is an ASIC Australia regulated broker, offering the lowest prices on trading commissions, plus very competitive spreads on Crypto trading.
Fusion offers you a full list of assets for trading including; US Shares, Oil, Gold, Crypto and Forex, see here.
If you are already investing with the TIGcap Brokers, please share your experience using this broker with other readers in the comments section below.