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TBanque Review: A brutal crypto trading platform

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TBanque Review: A brutal crypto trading platform

TBanque (tbanque.com) is a ruthless broker. Our tbanque.com review exposes why this broker is a high-risk investment option for investors. Those who signed up recently are facing a withdrawal blockade.

And the broker is nowhere to respond to these claims. So that’s why we decided to expose the platform.

Here’s our candid TBANQUE REVIEW for more.

Please note that tbanque.com is an offshore broker. The broker claims St. Vincent and the Grenadines as the regulatory area.

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About Tbanque

Going through the homepage, one can easily see the enticing web layout. The people behind this platform know what to present to traders. To top it all, the about us page raises questions regarding originality.

TBanque background and history

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We strongly believe TBanque is a clone. The platform was once referred to as the Visual FX Trading platform. With the parent entity ceasing, the broker came up with a new name. And they picked off where they left off, destroying the lives of newbie traders.

There’s also the illusion that we are dealing with a reputable trading platform. Those who have engaged with the broker know the issues arising from it all too well. The entire background and history are made up.

With claims of having over 12 years of experience, there’s no real data to prove it. All we have is a made-up story of when the platform came to being. There’s no trader with records of trading for 12 years.

Complaints about the broker started trickling in a few weeks ago. This was after members realized the broker was blocking withdrawals. You would get countless excuses as to why withdrawing is impossible.

Is it profitable to trade with tbanque.com?

There’s no advantage to trading with a broker who eventually blocks withdrawals. You do all the hard work, and the broker stops withdrawing. And that’s just what makes this broker a high-risk investment option.

There’s no actual trading, and the broker only takes members for a joyride. It’s like using a demo account for trading. And yet, the broker fails miserably in offering legit trading services.

You won’t profit from the brokerage mainly because of the conditions set. For example, there’s no mention of set leverage or spreads on the platform. However, the broker does change these conditions using backend access.

What’s the available trading platform?

TBanque offers a custom-built trading platform. The broker claims it’s a multi-asset trading platform. Unfortunately, that’s far from the case, and we have a platform that is not keen on offering any advantages to traders.

There’s a reason why regulators point to world-class trading platforms such as MT4 and MT5. These terminals offer users a comprehensive array of services. These include trading tools such as technical indicators and trading robots.

The platforms also offer users a chance to get accurate trading signals. There’s a demo account available with all platform features. New to trading, these two offer various educational materials and information.

With their custom-built trading platform, there’s one glaring issue, instability. The platform is volatile and not fit for trading. You will likely lose your position as the platform fails to load all assets.

Accounts and plans Tbanque

Opening an account/procedure with TBanque

There’s no information on available trading accounts on the homepage. It’s only after sieving through the platform do you realize the preferred account. Finally, we get to see information on a professional account.

Your portfolio must have $500,000 in trading for the professional account. That’s the only requirement. And with this, the broker targets institutional investors. For the typical trader, you have to open a normal account.

The broker offers one account for all. Features such as leverage and spreads are not available on the platform. And this means having an issue with set conditions. A trader needs to know set conditions before going in.

The broker fails even to mention the acceptable minimum deposit requirement.

Account features

Leverage and spreads should be one of the first features to look for in a trading platform. These two dictate the fairness of a broker. Unfortunately, there’s a reason why this broker fails to give this information.

The broker is only looking after their interest. As indicated earlier, the broker may change your leverage mid-way through your trading position. And it’s set this way to ensure the broker earns commissions.

For those new to trading, the acceptable minimum deposit set by regulators is €$250. After that, the broker in question will ask for more claims. The more you deposit, the higher your chances of winning. These are tactics used by pyramid schemes.

The acceptable leverage for forex assets is 1:100. Only in the United States do retail traders enjoy a maximum leverage of 1:50.

Contact and support

You would think the broker would offer live chat based on the website’s aesthetics. But unfortunately, that’s not the case, as the broker offers no direct contact. Instead, you get to leave a message and hope for a response within one business day.

That’s not the case here; the broker fails to offer the best communication. Instead, we see a broker limiting contact to a bare minimum. The broker doesn’t want to engage with would-be victims.

Available trading instruments on TBanque

There are five classes of trading instruments available on the platform. The broker hinges more on bonds and cryptocurrency assets. These five assets include commodities, cryptos, forex, indices, and stocks.

Commodities found include bonds, crude oil, and energies. You also trade household products such as coffee, sugar, and wheat.

The broker offers a barrage of crypto assets. These include major cryptos such as Bitcoin, Doge, Ethereum, Litecoin, and Ripple. You also get a chance to withdraw funds using reliable trading platforms.

Forex trading is at the center of the broker’s activities. There are major and minor currency pairs. The broker fails to dwell too much on exotic pairs. You can trade indices from Asia, Europe, and the United States.

Some of the listed stocks include those from major manufacturers and tech companies. Expect to find the FAANG group of shares.

Funding methods

There are several funding methods, with the broker insisting on crypto deposits. However, the broker knows recovering such funds is impossible due to its anonymous nature. Other funding methods include bank and wire transfers.

When the time comes to withdraw funds, all hell breaks loose. First, the broker insists withdrawal is possible after trading for three months. That’s unacceptable, as members can withdraw at any time.

Is TBanque licensed or regulated by any institution?

The broker fails to show license credentials, even from St. Vincent and the Grenadines. And this indicates we are dealing with an anonymous and unregulated broker. Nothing is worse; these brokers don’t follow set procedures.

Safety of funds with tbanque.com

There is no safety of funds with the broker. The broker fails to offer any real investment opportunity to investors. We have a broker failing to provide insurance coverage for deposits made by the public.

Why should newbies avoid the broker?

You won’t get to withdraw funds or learn any form of trading with the broker.

Bottom line TBanque

Please stay away from tbanque.com.

PS: Invest in proven crypto strategies.

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