Note: Regrettably, the official website of TigersFM, namely https://www.tigersfm.com/, is currently experiencing functionality issues.
What is TigersFM？
TigersFM, a trading platform based in China, offers a variety of accounts tailored to accommodate various investment levels and financial objectives. With an unregulated regulatory status, traders can access the platform through a web-based interface with a minimum deposit requirement of $250. Customers can reach out to TigersFM's customer support via email at support@tigersfm.com.
If you are interested, we invite you to continue reading the upcoming article where we will thoroughly assess the broker from various angles and present you with well-organized and succinct information. By the end of the article, we will provide a concise summary to give you a comprehensive overview of the broker's key characteristics.
Pros & Cons
Pros of TigersFM:
- Flexible leverage: TigersFM offers flexible leverage options, providing traders with the opportunity to amplify their trading positions.
Cons of TigersFM:
- Not regulated: The platform operates in an unregulated environment, potentially exposing traders to higher risks and lack of investor protection.
- Inaccessible website: The unavailability of an official website raises concerns about the platform's credibility and transparency.
- High minimum deposit: TigersFM requires a high minimum deposit of $250, which may deter small-scale traders from accessing the platform.
- Limited communication channels: The platform offers limited communication channels, which could result in challenges for customers seeking support or assistance.
- Limited trust and transparency: Due to the lack of regulation and an inaccessible website, TigersFM may struggle to establish trust and transparency with its users, potentially leading to skepticism about the platform's operations and integrity.
Is TigersFM Safe or Scam？
TigersFM operates without valid regulation, which signifies the absence of supervision from any governmental or financial authority over their activities. This lack of oversight poses significant risks for individuals considering investing with them. The absence of regulation means that there are no external checks in place to monitor and ensure the legitimacy of TigersFM's operations. Without regulatory oversight, the individuals managing the platform have the ability to handle funds irresponsibly, potentially leading to mismanagement or even fraudulent activities. In such scenarios, investors face the grim possibility of losing their capital with little to no recourse for recovery.
Furthermore, the unavailability of their official website adds to concerns regarding the trustworthiness of their trading platform. These factors collectively elevate the level of risk associated with engaging in financial transactions with TigersFM.
Account Types
TigersFM offers a range of accounts to cater to different levels of investment and financial goals.
- TigersFM Prime: This account is designed for high net worth individuals who are looking to invest a substantial amount of money, requiring a minimum deposit of $250,000. It likely offers premium features and benefits tailored to sophisticated investors.
- TigersFM VIP: The TigersFM VIP account is for investors who want exclusive services and benefits but may not have as high of an initial deposit as the Prime account. The minimum deposit requirement for this account is $100,001.
- TigersFM Gold: The TigersFM Gold account is a mid-tier option for investors who are looking to grow their wealth with a minimum deposit of $25,001. It may offer a balance of benefits and services suitable for this level of investment.
- TigersFM Silver: The TigersFM Silver account is designed for investors who are starting to build their wealth and can afford a minimum deposit of $5,001. It likely offers basic investment options and services to help customers grow their funds.
- TigersFM Classic: The TigersFM Classic account is an entry-level option for investors who are just getting started in the world of investing. With a minimum deposit requirement of $250, this account may offer simple investment solutions and resources for beginners.
Leverage
TigersFM offers varying levels of leverage across its different account types, with TigersFM Prime providing the highest leverage at 1:500 and TigersFM Classic and TigersFM Silver offering the lowest leverage at 1:200. Leverage is a tool that allows traders to control larger positions in the market with a smaller amount of capital. This means that traders can amplify both potential profits and losses.
While high leverage can indeed lead to higher returns, it also comes with increased risk. The potential for gains is magnified, but so is the potential for losses. It is crucial for traders to be aware of the risks involved in using high leverage and to always trade responsibly. Proper risk management practices, such as setting stop-loss orders and not overleveraging, are essential to safeguarding one's capital in the face of market volatility.
Trading Platforms
The trading platform provided by HF Market is web-based and claims to offer a Desktop Terminal, Web Trader, and Mobile Trader. However, reports indicate that the actual platform does not meet these promises and has an unprofessional and unique appearance. This raises concerns about the broker's reliability.
A key indicator of a trustworthy broker is their support for established platforms like MetaTrader4 and MetaTrader5. Unfortunately, HF Market does not support these widely-used platforms, which is a major warning sign. Reputable brokers typically offer MetaTrader platforms due to their popularity and advanced features.
In contrast to industry standards, HF Market provides a web-based platform that reportedly lacks the professionalism, reliability, and advanced functionalities of platforms like MetaTrader. Traders should exercise caution when assessing HF Market's capabilities and trading experience based on the limitations and questionable quality of this platform.
Deposits & Withdrawals
TigersFM facilitates deposits and withdrawals through credit and debit cards, as well as the use of OpenUp, an e-wallet service. When making a deposit on TigersFM, users can easily transfer funds into their trading account by selecting the credit or debit card option.
For withdrawals, TigersFM offers the option to transfer funds back to the same credit or debit card used for deposits, providing convenience and ease of access to traders. Additionally, users can opt to withdraw funds through the OpenUp e-wallet, which offers a digital platform for managing transactions efficiently.
Customer Service
Customers can get in touch with customer service line using the information provided below:
Email: support@tigersfm.com
Conclusion
In conclusion, TigersFM presents a mixed bag of features for potential traders to consider. While the platform offers flexible leverage options that can enhance trading opportunities, significant drawbacks exist that may give pause to investors. The lack of regulation leaves traders vulnerable to risks without the protection typically provided by regulatory oversight. Additionally, the inaccessibility of the official website, high minimum deposit requirement, limited communication channels, and concerns about trust and transparency all contribute to a less than favorable impression of TigersFM. As such, individuals should approach trading on TigersFM with caution and conduct thorough research to fully understand the risks involved before making any investment decisions.
Frequently Asked Questions (FAQs)
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information provided in this review may be subject to change due to the constant updating of the company's services and policies.
In addition, the date on which this review was generated may also be an important factor to consider, as information may have changed since then. Therefore, readers are advised to always verify updated information directly with the company before making any decision or taking any action. Responsibility for the use of the information provided in this review rests solely with the reader.
