Score
TRP
United States|2-5 years| https://trpforex.com/
Website
Rating Index
Contact
Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
United States
2-5 years Suspicious Regulatory License Suspicious Scope of Business High potential riskUsers who viewed TRP also viewed..
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Website
trpforex.com
Server Location
Hong Kong
Website Domain Name
trpforex.com
Server IP
8.210.113.56
Company Summary
| Aspect | Information |
| Company Name | TRP |
| Registered Country/Area | China |
| Founded Year | 2015 |
| Regulation | Not regulated |
| Market Instruments | Currencies, Cryptocurrencies, Gold, Silver, Stock Indexes, Oil, Other Commodities |
| Account Types | Managed Accounts & Social Trading |
| Minimum Deposit | $1,000 |
| Maximum Leverage | 1000:1 |
| Trading Platforms | MT5 |
| Demo Account | N/A |
| Customer Support | services@trp-fx.net, +447828853624 |
| Deposit & Withdrawal | Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, JCB, UnionPay |
What is TRP？
TRP is a forex broker that claims to have 10 years of experience but a domain registration date of 2022. It is not regulated by any financial authorities and its website (https://trpforex.com/) is not working anymore. These are all red flags that suggest TRP is a scam.
Regulatory Status
TPR claims to be a regulated broker with 10 years of experience, but there are red flags concerning their regulation status. Their domain was only created in 2022, and searches of regulatory bodies in Hong Kong, Japan, and the UK found no record of TPR. This strongly suggests TRP is not regulated by any financial authorities, which means there are no safeguards in place for client funds.
Pros & Cons
| Pros | Cons |
| N/A | Unregulated Broker |
| Short Domain History | |
| Defunct Website |
Pros:
N/A
Cons:
Unregulated Broker: A significant red flag for any forex broker is a lack of regulation. TRP claims to be regulated, but searches of regulatory bodies in Hong Kong, Japan, and the UK yielded no results. Without regulatory oversight, there are no guarantees regarding the safety of your funds and adherence to fair trading practices.
Short Domain History: TRP states they have 10 years of experience; however, a domain name search reveals the domain was only registered in 2022.
Defunct Website: As of today, the website listed for TRP (https://trpforex.com/) is no longer functioning. A non-functional website makes it difficult to access information, contact customer service, or verify the legitimacy of the company.
Customer Service
TRP offers customer support via email at services@trp-fx.net, and phone at +447828853624.
Conclusion
TRP offers forex trading with a variety of account types and features, but there are significant drawbacks that outweigh any potential benefits. The biggest red flag is the lack of regulation by any financial authority, which means your funds are not protected.
Additionally, TRP claims extensive experience, but their domain is very new and their website is no longer working. Considering these disadvantages, it's best to avoid TRP and find a reputable, well-regulated forex broker.
Frequently Asked Questions (FAQs)
Question: Is TRP a safe broker to use？
Answer: Unfortunately, there are reasons to be cautious about TRP. They claim regulation but lack any verifiable licenses from reputable financial authorities.
Question: TRP says they have 10 years of experience. Is that true？
Answer: There appears to be a discrepancy. While TRP claims a decade of service, their domain was only registered in 2022. This raises questions about their actual experience.
Keywords
- 2-5 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- High potential risk
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FX3205040323
United Arab Emirates
I was trading in TRP broker and I invest 1100$ then I was trading i get profit 📈 2144$ then I try for withdraw so there was always rejected my withdraw from this number +97697951908 she always contact me when broker was not working i tell was is it not working now then she blocked my number then I lose all my money
Exposure
2022-07-05
FX9491832182
Bangladesh
I can't withdraw money from my forex trading accou
Exposure
2022-06-04
FX3480279779
India
Dear Sir, I'm a resident of India. I'm writing this to you with deep pain and loss of hopes. I am feeling like I am scanned by a forex broker online TRP Financials on MT5, I was intruded by one of my online friend to TRP Forex on MT5. Later I opened account in MT5 and broker TRP forex and started my trading journey with total investment of $ 6000USDT, now after profit my capital is $ 8987USDT. When I tried to withdraw funds my request was rejected and account itself disabled quoting reasons as "My account shows the status of untaxed, so it cannot be operated " Later I requested to enable my account but they refused, and quoted below reason; Your tax verification is as follows: According to your account information, your MT5 account has 8195.69USDT, 8195.69*30% = 2459USDT, you need to deposit 2459USDT into your MT5 account, and send me a screenshot of the successful transfer. We will submit it to the tax bureau for verification. After verification, the deposited funds can be directly submitted to your MT5 account. After verification and verification, all funds can be withdrawn to your personal wallet address together. I really doubt their advice. And I'm afraid if I deposit as they say I may lose another 2459USDT. I didn't get any official contract details of that company. The only way I got is whatsapp number +44 7404 511387. And website: www.trp-fx.com I can provide you ask the money deposit proof and any other details you required in this regards. PLEASE HEPL ME IN THIS REGARDS MY HARD EARN MONEY IS STUCK GOD BLESS YOU. I HOPE YOU WILL ASSIST ME LOOKING FORWARD YOU TO CONTACT ME. Screen shot of my MT5 account and other fund transfer proofs are attached.
Exposure
2022-04-30
FX2133492805
United Arab Emirates
I have account in TRP fx I was trading there but when I need to withdraw money Funds is not reached in my binace account.
Exposure
2022-04-19
India
I have choose TRP forex as my broker to trade in forex. I deposited 2245 usd and started trading with them and now when i made a profit of total 6439 usd and i want to withdraw my funds they contacted me through email that i have to pay advance tax of 20% of the total amount of 6439 or i cannot withdraw my funds. So i paid advanced tax and after paying the amount for tax they simply blocked my account and i lost my total money. And after complaining to forex peace army and posting on theirs website today they simply unlocked my account and traded on my behalf and made a loss on purpose and again blocked my account. They are big scammer
Exposure
2022-04-07