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Prash_007
1-2 years

Could you break down the total trading costs involved for trading indices such as the US100 on TP Global?

Broker Issues
TP Global
Fees and Spreads
09-04
United States
WikiFX
Reply

From my perspective as an experienced forex trader, I approach platforms like TP Global with a high degree of caution, especially when evaluating total trading costs for indices like the US100. One of my primary concerns is that TP Global lacks valid regulatory oversight. This absence of regulation substantially increases the risk profile for any trader, as there is no authoritative body enforcing transparency around pricing, execution, or client protections. When it comes to understanding trading costs—the spread, commissions, overnight financing, and potential hidden fees—I simply couldn't find the necessary information due to the broker’s inaccessible website and incomplete public disclosures. In my experience, this lack of basic cost transparency is problematic because costs can seriously erode returns, especially with instruments as liquid and sensitive to spreads as the US100. Furthermore, user reports highlighted slow withdrawal processes and lagging customer support, which further complicates any attempt to analyze or verify costs in practice. Given these issues, I personally do not feel comfortable placing funds or executing trades with a broker where total costs are unknown, undisclosed, and unregulated. For me, transparency and formal oversight are prerequisites when choosing where to trade major indices like the US100. The risks—both known and unknown—are simply too high in this case.

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United States
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