Overview of TMS
Established in 1997 and based in Malta, TMS is a well-known online trading platform that caters to traders seeking a wide range of financial instruments. Offering diverse account types, including demo and brokerage accounts, TMS enables traders to access various tradable assets such as forex, CFD shares, indices, commodities, ETFs, and cryptocurrencies. Leveraging the MetaTrader 5 platform, TMS delivers a seamless trading experience with intuitive interfaces and robust analytical tools. However, it's crucial to bear in mind that TMS operates outside regulatory oversight, necessitating traders to approach with caution due to the inherent risks associated with unregulated trading.
Is TMS Legit？
TMS is not regulated. It's essential to highlight that TMSoperates without regulation, implying it lacks oversight from established financial regulatory bodies. Traders must exercise caution, recognizing the risks involved in trading with an unregulated broker. These risks may include limited avenues for dispute resolution, potential concerns regarding fund security, and a lack of transparency in the broker's operations. It's recommended for traders to conduct thorough research on a broker's regulatory status before embarking on trading activities to safeguard themselves and ensure a more secure trading environment.
Pros and Cons
TMS offers a diverse range of trading instruments, providing traders with ample opportunities to explore different markets and diversify their portfolios. Leveraging the widely-used MetaTrader 5 platform, TMS ensures a seamless trading experience with its intuitive interface and powerful analytical tools. Moreover, the platform supports multiple deposit and withdrawal methods, enhancing convenience for traders. Additionally, TMS provides multiple contact methods, facilitating easy communication with their customer support team. However, it's important to note that TMS operates without regulatory oversight, potentially exposing traders to risks associated with unregulated trading. Furthermore, the lack of clarity on leverage and the limited offering of account types may pose challenges for some traders.
Trading Instruments
TMS offers a diverse array of trading instruments, catering to various investment preferences and strategies.
Traders can engage in forex trading, accessing dozens of currency pairs through the latest MT5 platform, equipped with advanced trading and analysis tools.
For those interested in CFD shares, TMS provides access to over 2200 stocks from major exchanges, including German, Spanish, French, and British stocks, along with comprehensive market analyses and reports.
Additionally, traders can explore CFDs on indices from the world's most popular stock exchanges, with equal opportunities to invest in both bull and bear market conditions. TMS provides advanced tools for trading and technical analysis, along with the convenience of opening an account in minutes without any initial fees.
The platform also offers CFDs on commodities from leading commodity exchanges, granting traders the chance to invest in various market conditions with advanced trading tools and quick account setup.
Moreover, TMS introduces ETFs CFDs as a modern instrument for portfolio diversification, allowing access to different sectors worldwide and ready-made baskets of stocks, including new technology, healthcare, and biotechnology sectors.
Lastly, cryptocurrency CFDs enable traders to capitalize on exchange rate fluctuations without commissions from crypto exchanges, with fast deposits and withdrawals facilitated through card and BLIK options.
Account Types
TMS offers a brokerage account type tailored for serious traders, providing perpetual validity and unlimited investment recommendations. This account grants full access to the NonStop website, market webinars, and Market Espresso, empowering traders with comprehensive support from licensed brokers. Additionally, traders benefit from a choice of materials in the Starter Pack to kickstart their trading journey effectively.
For those looking to explore the platform before committing, TMS provides a demo account with virtual measures. This account is valid for 90 days, offering investment recommendations for the initial 14 days. While access to the NonStop website and market webinars is limited, traders still gain valuable insight into the platform's features and functionality.
Deposit & Withdraw Methods
TMS offers a variety of convenient payment methods for depositing and withdrawing funds from brokerage accounts.
Traders can use Credit & Debit Cards, which incur no charges and have a deposit limit of 250,000 PLN.
Autopay is also available with no fees, except for mBank and Pay with Orange, which have a 2% fee.
Bank Transfer is another option, free of charge and supporting currencies including PLN, USD, and EUR, with unlimited deposits.
Mbank Transfer, similarly, is free of charge and allows unlimited deposits.
However, Przelewy24 incurs a 2% fee but is accessible through all major banks.
When it comes to withdrawals, funds from brokerage accounts are processed immediately, with the vast majority of cases seeing funds transferred within one working day.
Trading Platforms
TMS prides itself on offering a cutting-edge trading platform to its clients, ensuring a seamless and efficient trading experience. At the forefront is the MetaTrader 5 platform, a globally renowned tool appreciated by investors worldwide for its advanced features and capabilities.
Moreover, TMS enhances accessibility and convenience through its mobile app, designed to empower traders on the go. The TMS Brokers mobile app delivers a modern trading experience directly to users' phones, offering a comprehensive suite of features. From trading functionalities to real-time news, economic calendars, recommendations, and investor sentiment analysis, the app provides everything traders need at their fingertips.
Educational Resources
The platform offers Forex & Stock Market Training, where traders can learn alongside experts to challenge misconceptions about investing, such as the notion that investing is inherently dangerous or that age determines one's ability to trade.
Traders can explore the TMS blog for market insights, while the video zone offers educational content on fundamental forex concepts, trading strategies, and using a TMS Direct account. Additionally, TMS provides a comprehensive dictionary covering fundamental and technical analysis terms, as well as specific forex terminology, to support traders' understanding of key concepts.
Customer Support
For inquiries, individuals can use the phone numbers +48 602 348 048 or +48 783 540 400. Additionally, TMS can be reached via telephone at +48 22 27 66 200 or +48 22 27 66 201. For fax communications, the fax number is +48 22 27 66 202. For general inquiries via email, contactdommaklerski@tms.pl.
To file a complaint, please utilize the complaint form on the website.
For customer service, individuals can reach out via email at dok@tms.pl or by phone at +48 22 27 66 282 or +48 602 348 048 during business hours from Monday to Friday, 8:00 a.m. to 5:00 p.m. The brokers are available for calls until 8:00 p.m.
For media inquiries, the PR department can be contacted via email atpr@tms.pl or by phone at +48 602 648 469.
Additionally, the Corporate Advisory Department can be reached via email atddk@tms.plor by phone at +48 22 27 66 256 or +48 22 27 66 258.
For matters related to payments and currency exchange, individuals can contact the Department of Payments and Currency Exchange via email at kantor@tms.pl or by phone at +48 22 276 62 14.
The Sales Department is available via email atsales@tms.pl or by phone at +48 22 27 66 280, +48 22 27 66 290, +48 22 27 66 291, or +48 22 27 66 292.
Conclusion
In conclusion, TMS offers a diverse range of trading instruments and leverages the MetaTrader 5 platform for seamless trading. However, the absence of regulatory oversight and limited account types may pose risks and challenges for traders. It's essential for traders to conduct thorough research and exercise caution when engaging with TMS to ensure a safer trading experience.
FAQs
Q: Is TMS regulated？
A: No, TMS operates without regulation, meaning it lacks oversight from recognized financial regulatory authorities.
Q: What trading instruments are available on TMS？
A: TMS offers a variety of trading instruments, including Forex, CFD shares, CFD indices, commodities CFDs, ETFs CFDs, and cryptocurrency CFDs.
Q: What account types does TMS offer？
A: TMS provides various account types, including demo and brokerage accounts, catering to different trading preferences and experience levels.
Q: How can I contact TMS's customer support？
A: For inquiries, individuals can use the phone numbers +48 602 348 048 or +48 783 540 400. Additionally, TMS can be reached via telephone at +48 22 27 66 200 or +48 22 27 66 201. For fax communications, the fax number is +48 22 27 66 202. For general inquiries via email, contact dommaklerski@tms.pl.
Risk Warning
Online trading carries inherent risks, and there is a possibility of losing all invested capital. It may not be suitable for all traders or investors. It's crucial to thoroughly understand the risks involved before engaging in online trading. Please note that the information provided in this review is subject to change due to updates in the company's services and policies. Additionally, the date of this review's generation is important, as information may have changed since then. Therefore, readers are advised to verify updated information directly with the company before making any decisions or taking action. The responsibility for using the information provided in this review lies solely with the reader.
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