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Contract reading

What TP Global legally published, but does not want you to read

Every clause below is published by TP Global itself, on its own website, today. The finding is not that the text exists. It is the distance between what a client is shown and what a client agreed to. Read from its own documents on .

Contracting entity: TP Trades Group Co.,Ltd

sole discretionmarketing gapwithdrawalsprofit voidingcounterpartycountry restrictionforum waiverhidden feeunilateral amendmentburden of proof

TP Trades Group Co.,Ltd is registered in the Comoros Union. Its contract still promises you UK regulation and UK compensation cover, which do not reach you there. The site advertises instant withdrawals and says scalping is allowed, while the contract gives TP Trades seven business days at its sole discretion and lets it forfeit scalping profits. The last line of the contract makes TP Trades the final judge of any dispute with you.

Back to TP Global

Contract risk

Money at risk
8.5/10

Where this contract sitsHow far this contract goes, overall. Under 2 is nothing beyond the ordinary; 6 to 9 means several clauses put money you have already earned at risk; 9 and above reads as designed to make payout refusable.

0510
CriticalClauses that can cost you money you have already earned or deposited, or that remove your ability to challenge it.
8
FlaggedEvery clause worth knowing about, at all three severities. Ordinary terms that every broker has are not counted.
15
DocumentsHow many of the broker's own legal files this reading is based on. Each one was downloaded and hashed on the date shown.
2
ContradictionsPlaces where a promise the broker makes in public is not kept by the clause that governs it.
6

How the 15 break downThe same flagged clauses, split by how much each one can cost you. Severity is our reading of the clause, not the broker's label.

Critical8
Warning7
Notice0

The numbers in this contractFigures taken from this broker's own clauses, so the labels differ from broker to broker. The four in the panel above are the same on every report.

1 of these 2 figures comes from a clause we rate critical, which means it can take your money or your profit rather than only delay it.

Critical7 working daysWithdrawal limit. Jump to the clause this comes from.Instant withdrawal advertised, seven business days in the contract$10Fee on an unused account. Jump to the clause this comes from.Ten dollars a month for an account with no defined trigger

What the documents say

15 clauses worth knowing about, worst first, each quoted from TP Global's own files

01

Your contract tells you that TP Trades holds your money under UK financial rules, and that a UK compensation scheme pays you if the firm fails. The footer of the same page says the company is TP Trades Group Co.,Ltd in the Comoros Union, and that it does not serve residents of European countries.

Why this matters

The compensation scheme named in clause 9.5 pays out to clients of firms the UK regulator authorises. TP Trades gives no UK authorisation number anywhere, so the safety net this contract describes is not one you can claim on.

Exhibit 1CriticalRarely seen

TPTRADES is covered by the UK Financial Services Compensation Scheme (FSC). If the Client is an Eligible Claimant, the Client may be entitled to compensation from the FSCS if TPTRADES Limited cannot meet its obligations because it is insolvent.
Clause 9.5 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026The claim, on Site footer, present on every pageVisit this page on the broker's siteDownload the full size image file
Our own capture of tptrades.com, taken on Sep 23, 2026What the contract says, clause 9.5Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms the FCA authorises must publish a firm reference number, and only their clients can claim on the Financial Services Compensation Scheme. Clause 9.5 promises cover up to £50,000 and names no reference number, while the footer places the company in the Comoros Union.

TP Global is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingCopying a clause or two from a regulated firm's terms is common. This contract imports an entire foreign rulebook: client money rules, a compensation scheme, transaction reporting, client categorisation and product governance, all credited to a regulator the company is not registered with.

  • Worse together with Exhibit 14The contract names a regulator that does not cover the company, then names no governing law and no court, so there is no stated place to bring a claim.
02

TP Trades advertises instant withdrawals and promises you will never see a delay getting your funds out. Clause 7.1 gives it seven business days, and lets it decide in its sole discretion how much you may take.

Why this matters

Nothing obliges TP Trades to pay you the figure you asked for. It works out what it treats as excess, takes off transfer fees, and has more than a week to send the rest.

Exhibit 2CriticalHarder than usual7 working days

TPTRADES shall transfer such excess amounts (if any, and as determined by TPTRADES in its sole discretion), less any applicable Bank or other transfer fees, according to the Client's instructions within seven (7) Business Days from the date of receipt of the applicable written instruction.
Clause 7.1 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026The claim, on About us page, Instant Deposit and Withdrawal panelVisit this page on the broker's siteDownload the full size image file
Our own capture of tptrades.com, taken on Sep 23, 2026What the contract says, clause 7.1Visit this page on the broker's siteDownload the full size image file

What it costsSeven business days becomes nine or ten calendar days once a weekend falls inside them.

Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must handle a retail withdrawal promptly, and cannot make the amount a matter of their own unreviewable judgement. This contract gives TP Trades seven business days and makes the sum one it determines in its sole discretion.

TP Global is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

  • Worse together with Exhibit 8Raising a dispute with your card issuer lets TP Trades block withdrawals outright for a period it sets itself, so the seven day clock stops mattering.
03

If TP Trades decides your trading was abusive, clause 6.12.1 lets it void every closed trade and suspend your profit together with all the money you paid in. You get it back by producing evidence that satisfies TP Trades.

Why this matters

Your own deposit is held, not only what you made. The contract never says what evidence would satisfy TP Trades, and it gives you nobody to appeal to.

Exhibit 3CriticalRarely seen

Any profits gained from such transactions, including all invested funds within the account, shall be suspended.
Clause 6.12.1 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026Profit and deposit both frozen until you prove yourself (clause 6.12.1)Visit this page on the broker's siteDownload the full size image file

Our readingMost trading agreements void the profit from conduct they prohibit. This one suspends the deposited funds too, puts the burden on you to prove your innocence, and makes the trades void for good if you have not done so within three months.

What happens, and when

The stages this clause runs through, taken from the broker's own document
TriggerWhat the broker may then doClause
TP Trades detects the conductTP Trades closes your open positions and declares your closed trades void.6.12.1
Immediately afterYour profit and all funds invested in the account are suspended, and payouts are withheld.6.12.1
Three months after TP Trades actsWithout evidence that satisfies TP Trades, the trades become void for good.6.12.1
  • Worse together with Exhibit 4The account page invites you to scalp, and this clause takes your profit and your deposit once TP Trades calls that same trading abusive.
04

The account page tells you hedging and scalping are allowed with no restrictions. Clause 6.11.1.1 calls scalping strictly prohibited and lets TP Trades forfeit any profit you made with it.

Why this matters

You can trade exactly the way the site told you to and lose the profit for it. Clause 3.14 also lets TP Trades reverse those trades and close your account on the spot.

Exhibit 4CriticalHarder than usual

Tick scalping involves holding positions for a duration ranging from several seconds to a maximum of two (2) minutes. Both strategies are strictly prohibited, and any profits derived from such trading activities may be subject to forfeiture.
Clause 6.11.1.1 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026The claim, on Standard account specification tableVisit this page on the broker's siteDownload the full size image file
Our own capture of tptrades.com, taken on Sep 23, 2026What the contract says, clause 6.11.1.1Visit this page on the broker's siteDownload the full size image file

Our readingThe contract defines tick scalping as holding a position for anything up to two minutes, which catches ordinary short term trading, not only automated abuse.

  • Worse together with Exhibit 7The same page advertises hedging as allowed, and clause 9.2.12 treats hedging across your own accounts as abuse that lets TP Trades take money from any of them.
05

The contract closes with one unnumbered line saying that in any legal dispute, the broker's decision is final and binding. It sits after the last clause, with no number and no heading of its own.

Why this matters

TP Trades is giving itself the role of judge in an argument about your money. Clause 9.6(e) also lets it suspend your trading account for as long as it is investigating your complaint, with no deadline on that investigation.

Exhibit 5CriticalRarely seen

* in the event of any legal dispute, the broker’s decision shall be deemed final and binding.
Clause Closing line in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026Broker declares its own decision final and binding (clause Closing line)Visit this page on the broker's siteDownload the full size image file
Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must give retail clients access to the Financial Ombudsman Service, whose decision binds the firm and not the client. This contract makes TP Trades' own decision final and binding.

TP Global is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingAgreements normally name a governing law and a court. This one names neither, and closes instead with a single asterisked line making the firm's own ruling final. The line is the last text in the document, directly above the invitation to start trading.

  • Worse together with Exhibit 14With no governing law and no court named, the broker's own ruling is the only decision procedure the contract actually describes.
06

The site promises orders that go straight to the market with no dealing desk and a conflict free setup. Clause 8.2 says TP Trades sets your spreads at its absolute discretion because it is acting as the market maker.

Why this matters

TP Trades is on the other side of your trade and sets the price you get. Clause 3.5 lets it widen your spread at any moment without telling you.

Exhibit 6CriticalHarder than usual

Our spreads are set at our absolute discretion, since we are acting as a market maker, and any changes are effective immediately.
Clause 8.2 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026The claim, on About us page, Superior FX Trading STP, ECN, NDD panelVisit this page on the broker's siteDownload the full size image file
Our own capture of tptrades.com, taken on Sep 23, 2026What the contract says, clause 8.2Visit this page on the broker's siteDownload the full size image file

TP Trades can suspend your profit and your deposit while it decides about you

Clause 6.12.1 lets TP Trades void your closed trades and suspend your profit together with all the funds invested in the account. You have three months to produce evidence that satisfies the firm, or the trades are void for good. Clause 9.2.12 separately lets it move money out of any account you hold to cover a negative balance loss.

Losing what you earned1 clause flagged

Clause 9.2.12 lets TP Trades decide alone that you abused negative balance protection, the promise to reset a negative balance to zero. It can then move money out of any account you hold under any profile.

In plain words

Negative balance protection is a limit that stops you owing more than you put in. Without it, one fast market move can leave you owing the broker money on top of your deposit.

Why this matters

The clause names asking for a withdrawal at the wrong moment as an example of abuse, and hedging your own positions as another. Both are things an ordinary trader does.

Exhibit 7CriticalRarely seen

Where TPTRADES has determined, in its sole discretion, that a Client or Client(s) have abused the Negative Balance Protection, TPTRADES may take any action it deems fit, including but not limited to transfer any amount(s) from any Account(s) under any profile, in order to cover the Negative Balance Protection loss.
Clause 9.2.12 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026Money taken from any account you hold to cover a loss (clause 9.2.12)Visit this page on the broker's siteDownload the full size image file

Our readingTreating a client's own withdrawal request as evidence of abuse is unusual. Combined with the power to sweep funds from every account and profile you hold, it turns a protection into a route back into your balance.

TP Trades can liquidate your positions and change the rules without notice

Clause 12.1 lets TP Trades close all your trades and liquidate your account if your card issuer raises a dispute, then block deposits and withdrawals for as long as it likes. Clause 5.2 lets it move your stop out level at any time without notice, and clause 4.5 lets it raise your margin requirement the same way.

Control of the account2 clauses flagged

If your card issuer raises a dispute or chargeback, clause 12.1 lets TP Trades close all your open trades at a loss or a profit and liquidate your account without notice. It can also block your withdrawals for as long as it chooses.

Why this matters

Asking your bank to look at a payment is enough to trigger this. TP Trades sets the length of the block itself, and the contract puts no limit on it.

Exhibit 8CriticalHarder than usual

immediately close any and all of your open Transactions whether at a loss or a profit and liquidate your Trading Account with or without any notice; and/or
Clause 12.1.1 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026Card dispute triggers liquidation and a withdrawal block (clause 12.1.1)Visit this page on the broker's siteDownload the full size image file

TP Trades can raise the margin you must hold and move your stop out level at any time, without telling you first. Once your account falls below that level it can close all your open positions immediately.

Why this matters

The level that decides when your trades are closed is not fixed when you open them. TP Trades advertises leverage of 1:500, which leaves little room between a moved level and a closed position.

Exhibit 12WarningStandard wording

We may alter the Margin Close Out Level applicable to your Account at any time without any prior notice.
Clause 5.2 in Privacy Policy and Terms
Read from the broker's site on Open the reference

TP Trades advertises free commission and reserves the right to change it

Clause 8.8 lets TP Trades change charges and commissions at its sole discretion without prior notice, and clause 8.1 adds that your approval may not always be sought. Clause 8.5 lets it choose the exchange rate applied to your money. The account page lists commission as free.

Cost disclosure1 clause flagged

The account page lists commission as free. Clause 8.8 lets TP Trades change the charges and commissions on your account at its sole discretion, without telling you first.

Why this matters

Clause 8.1 adds that your approval may not always be sought. Clause 8.5 also lets TP Trades pick the exchange rate when your trade settles in another currency.

Exhibit 10WarningHarder than usual

TPTRADES may, at its sole discretion, decide to make changes to the charges and commissions applicable to your account from time to time without prior notice to you.
Clause 8.8 in Privacy Policy and Terms
Read from the broker's site on Open the reference
Set against a regulated standard: FCA (UK), CySEC (Cyprus)

Firms licensed by the FCA and CySEC must disclose costs and charges to a retail client before that client trades. This contract lets TP Trades change them afterwards without prior notice.

TP Global is not licensed by these regulators, so this is a comparison of practice, not a finding of any breach.

Every TP Trades withdrawal is an amount the firm decides for itself

Clause 7.1 gives TP Trades seven business days to pay you, and makes the sum one it determines in its sole discretion. Clause 9.1(d) lets it park client money in deposits that cannot be broken for up to 95 days. Clause 12.1.2 lets it block withdrawals entirely for a period it sets, if your card issuer raises a dispute.

Getting money out1 clause flagged

The site says your money sits off balance sheet where no creditor can reach it. Clause 9.1(d) lets TP Trades put it in deposits that cannot be broken for up to 95 days, and clause 9.1(f) grants the company liens and set off rights over it.

Why this matters

If TP Trades fails, the contract says the work of pooling and returning client money cannot start until those deposits mature. Clause 9.1(f) also lets the firm apply your money to what it says you owe it.

Exhibit 11WarningRarely seen95 days

We may hold funds you pay to us in unbreakable deposits (UDs) ranging from thirty (30) days duration but not exceeding ninety-five (95) days Long Term Deposit Account. The risk of placing client money in a Long-term Deposit account is that in the event of the firms insolvency the process of pooling off client money cannot start until the account has matured.
Clause 9.1(d) in Privacy Policy and Terms
Read from the broker's site on Open the reference
Our own capture of tptrades.com, taken on Sep 23, 2026The claim, on About us page, Safety of Client Funds panelThis capture shows the page the quotation was taken from. The words themselves are not marked in it, so please read the quotation above as the evidence.Visit this page on the broker's siteDownload the full size image file
Our own capture of tptrades.com, taken on Sep 23, 2026What the contract says, clause 9.1(f)Visit this page on the broker's siteDownload the full size image file

What it costsNinety five days is more than three months. If the firm failed on the first day of such a deposit, the contract says the return of your money could not begin until day 95.

Set against a regulated standard: FCA (UK)

Firms licensed by the FCA must keep client money separate and readily available to return. This contract allows deposits of up to 95 days and records security interests, liens and set off rights in the company's favour.

TP Global is not licensed by this regulator, so this is a comparison of practice, not a finding of any breach.

Our readingLocking client money in deposits that cannot be broken is a treasury device. Pointed at a retail balance, it means the return of your money cannot even begin until the deposit matures.

The TP Trades agreement names no governing law and no court

Nothing in the contract says which country's law applies or where a dispute would be heard. Clause 9.6 offers the UK Financial Ombudsman Service and an EU online platform, while the footer says TP Trades does not serve residents of European countries. The company behind it is registered in the Comoros Union.

Where you would sue1 clause flagged

The agreement never says which country's law governs it or which court would hear a dispute. For complaints it points you to the UK Financial Ombudsman Service and an EU platform, while the footer says TP Trades does not serve European residents.

Why this matters

Both complaint routes named in clause 9.6 are closed to you. The only forum the contract actually describes is TP Trades itself.

Exhibit 14WarningHarder than usualNew

In addition, you also have the right to submit and address your complaint through the Financial Ombudsman Service or if you reside in a European Union country, you can also contact the European Commissions Online Dispute Resolution Platform at: http://www.ec.europa.eu/odr
Clause 9.6(a) in Privacy Policy and Terms
Read from the broker's site on Open the reference

Missing documents give TP Trades an absolute right to suspend you

Clause 9.11 gives TP Trades the absolute right to stop you trading, suspend your account or terminate the agreement if you do not supply documents it asks for. It says this happens under Clause 17. The contract ends at clause 12 and has no Clause 17.

Paperwork and freezes1 clause flagged

If you do not supply the documents TP Trades asks for, clause 9.11 gives it the absolute right to stop you trading, suspend your account or end the agreement. It says this happens under Clause 17, and the contract has no Clause 17.

Why this matters

Your account and the money in it can be frozen over paperwork, and the clause that is supposed to set out how that works does not exist. Clause 2.5 gives you 30 days to report any change to your details.

Exhibit 13WarningStandard wording

In case of refusal or failure to provide us with the required information and/or supporting documentation, we have the absolute right to refuse you to trade with us and to suspend your Account or terminate this Agreement in accordance with the provisions of Clause 17.
Clause 9.11 in Privacy Policy and Terms
Read from the broker's site on Open the reference
  • Same clause as Exhibit 15The clause that would govern this suspension is one of several the contract points to and never contains.

TP Trades charges $10 a month without defining when the charge starts

Clause 8.4 charges an inactive account $10 every month until trading resumes. It says inactive accounts are defined in clause 8.1, which contains no such definition. For a refund it directs you to a Terms of Business that TP Trades does not publish.

Dormant accounts1 clause flagged

TP Trades charges you $10 every month once it treats your account as inactive, and keeps charging until you trade again. Clause 8.4 says inactive accounts are defined in clause 8.1, and clause 8.1 does not define them.

Why this matters

You cannot work out from this contract how long you may leave an account alone before the charge starts. For a refund it sends you to a Terms of Business that TP Trades does not publish.

Exhibit 9WarningHarder than usual$10

Inactive Accounts, as defined above under clause 8.1 of this Agreement, will be charged an administrative fee of US $10.00 or the equivalent value in your account base currency every month, until account activity resumes.
Clause 8.4 in Privacy Policy and Terms
Read from the broker's site on Open the reference

What it costsTP Trades advertises a minimum deposit of 20 USD. At $10 a month, the inactivity fee empties that account in two months.

  • Only applies after Exhibit 15The only stated route to getting this fee back runs through a Terms of Business document that does not exist.

Parts of the TP Trades contract have never been published

Clause 8.1 states that the Terms of Business forms part of your agreement, and TP Trades publishes no such document. The order execution, conflicts of interest, complaints handling and client categorisation policies the contract names are all absent too. The agreement itself stops at clause 12 while referring to clauses 15, 17, 22 and 24.

The missing half1 clause flagged

TP Trades says its Terms of Business forms part of your agreement. It does not publish one, nor the order execution, conflicts, complaints or client categorisation policies it names. The agreement also ends at clause 12 while pointing to clauses 15, 17, 22 and 24.

Why this matters

Parts of the contract you are agreeing to are not available to read. When a clause tells you how your account gets closed or your fee refunded, the text it sends you to is missing.

Exhibit 15WarningHarder than usual

Further information in respect to costs and charges are provided in an aggregated form on the Companys Website (expressed in both as a cash amount and as a percentage) as well as within the Companys Terms of Business, which constitutes part of this Agreement.
Clause 8.1 in Privacy Policy and Terms
Read from the broker's site on Open the reference

Where the marketing and the contract disagree

A promise made in public, set against the clause that governs it

01

The contract offers a UK compensation scheme to clients the same site says it will not serve.

Said in public, in English

Restricted Regions: TP Trades Group Co.,Ltd does not provide services for the residents of certain countries : the United States of America, European Countries, the Islamic Republic of Iran and Israel.

Site footer, present on every page

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

In the contract · clause 9.5

TPTRADES is covered by the UK Financial Services Compensation Scheme (FSC). If the Client is an Eligible Claimant, the Client may be entitled to compensation from the FSCS if TPTRADES Limited cannot meet its obligations because it is insolvent.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

02

Instant in the marketing, seven business days and a discretionary amount in the contract.

Said in public, in English

With all professional support team and superior network system, your deposit and withdrawal funds shall be executed with 100% safe, secure and instant.

About us page, Instant Deposit and Withdrawal panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

In the contract · clause 7.1

TPTRADES shall transfer such excess amounts (if any, and as determined by TPTRADES in its sole discretion), less any applicable Bank or other transfer fees, according to the Client's instructions within seven (7) Business Days from the date of receipt of the applicable written instruction.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

03

The account page allows scalping outright while the contract prohibits it and forfeits the profit.

Said in public, in English

Hedging / Scalping : Allow All.

Standard account specification table

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

In the contract · clause 6.11.1.1

Tick scalping involves holding positions for a duration ranging from several seconds to a maximum of two (2) minutes. Both strategies are strictly prohibited, and any profits derived from such trading activities may be subject to forfeiture.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

04

A conflict free no dealing desk setup in the marketing, a market maker setting its own spreads in the contract.

Said in public, in English

Orders go directly to liquidity takers in sub-millisecond, with no re-quotes or delays, and no dealing desk intervention. You receive executable price streams, transparent liquidity, and a conflict-free setup for focused investment.

About us page, Superior FX Trading STP, ECN, NDD panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

In the contract · clause 8.2

Our spreads are set at our absolute discretion, since we are acting as a market maker, and any changes are effective immediately.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

05

Commission is advertised as free and the contract lets TP Trades introduce charges without notice.

Said in public, in English

Commission : Free

Standard account specification table

In the contract · clause 8.8

TPTRADES may, at its sole discretion, decide to make changes to the charges and commissions applicable to your account from time to time without prior notice to you.

06

No creditor can touch client money according to the site, while the contract records liens and set off rights for the company.

Said in public, in English

Client funds are deposited entirely into segregated bank accounts according to the law to ensure the security. These accounts are off balance sheet and cannot be claimed by any creditors or used by ask-market for its own purposes.

About us page, Safety of Client Funds panel

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

In the contract · clause 9.1(f)

Security interests, liens or rights of set-off are granted by the Company and are recorded within the Companys own accounts so as to ensure that the ownership status is clear, in the event of insolvency.

We took a picture of this page. It is shown once, with the finding it belongs to. See our capture of tptrades.com

What changed quietly

First reading of TP Trades, so there is no earlier version of this page to compare against. One change in the documents themselves is worth recording: since 19 May 2026 TP Trades replaced a line of marketing copy in its footer with the name, company number and Comoros address of TP Trades Group Co.,Ltd, and dropped the older TP TRADES Holding Limited credit.

  • REWRITTENClause Footer · 2026-05-19 to 2026-09-23

    TP Trades swapped a line of marketing copy for the name, number and Comoros address of the company you contract with.

    TP Trades Group Co.,Ltd HY01123063 License No. T2023419 Bonovo Road - Fomboni Island of Mohéli - Comoros Union, 1257

  • REMOVEDClause Footer · 2026-05-19 to 2026-09-23

    The TP TRADES Holding Limited credit has gone, leaving a third company name in the record with no explanation of how the three relate.

The documents this reading is based on

2 files, all published by TP Global. Each shows when we read it and a fingerprint of its wording.

WIKILIX keeps the copy of each file it read, and does not republish it: what is published is the fingerprint of its wording. Download the file yourself and hash its text, lowercased with runs of whitespace collapsed, and a matching fingerprint means the wording quoted above is still the wording TP Global publishes.

How this reading was done

Every clause above was read out of a document TP Global publishes itself

This reading was published on .

Documents
2 of 2downloaded from the broker's site, and 2 read in full
Pages opened
23pages walked to find those documents, footer links included
Older copies
2earlier versions downloaded
Marketing pages
3public pages set against what the contract says

Who the contract is with

TP Trades Group Co.,Ltd

The footer names TP Trades Group Co.,Ltd, company number HY01123063, at Bonovo Road, Fomboni, Island of Mohéli, Comoros Union. The contract body never names that company. It calls itself TPTRADES throughout, and once, in clause 9.5, TPTRADES Limited. Until May 2026 the same footer credited TP TRADES Holding Limited. Three names, and the agreement you accept does not say which one owes you your balance.

Quotations are copied verbatim from the documents named above, with the clause number and the page each one came from. Where a clause is quoted in another language, the original is shown first and the English is a translation.

The plain-language parts, what a clause means for a client, how ordinary it is, and how it reads against a regulated standard, are WIKILIX's analysis and are labelled as such on every card. This is a reading of public documents, not legal advice and not an allegation of wrongdoing.

In fairness, and what we could not check

A reader who knows the edges of the work can trust the middle of it

The account specification page lists spreads, maximum leverage, minimum deposit, margin call and stop out levels in one table. Many brokers make a reader hunt for those. Clause 3.16 gives you negative balance protection, which means TP Trades resets a negative account balance to zero rather than asking you to pay the shortfall. Clause 8.4 also states the inactivity fee as a figure, $10 a month, instead of pointing at a schedule that can move.

TP Trades publishes two legal documents: a risk warning PDF and one page headed Privacy Policy and Terms. We read both in full. That page is long, and we read its closing sections, clauses 10 to 12 and the footer, on the page itself at tptrades.com/terms.php. An older copy of the risk warning exists but opened empty, so we could not compare it against today's version. We read most of the May 2026 copy of the terms page and checked its closing sections and footer against today's. The registration and login area at secure.tptrades.com did not load while we were reading, so we could not see what a client is shown at sign-up. TP Trades names several further documents inside its contract, including a Terms of Business, an Order Execution Policy and a Complaints Handling Policy. None of them are published, so there was nothing to read.

How to check any of this yourself

Every quote above links to the TP Global file it came from. This is what to do with it.

Open the three stepsFind the words in the source, work out the fingerprint, and read what a difference does and does not prove.

Open the source and search for the words

Every quote has a link under it. Open the file, or the web page, and search it for the words we quote. The clause number next to the quote tells you where to look.

If the words are not there any more, the source may have changed after we read it. That is worth knowing too. We keep the date we read it, and a code worked out from its wording, so the quote stays checkable.

What a fingerprint is

A fingerprint is a code worked out from what a source says. Change one word and the code changes completely. We keep two codes for every file we read, and the panel on each source shows both.

The first is the code of the exact file we downloaded. The second is the code of its wording alone, with capital letters lowered and runs of spaces collapsed. When the same words are saved as a new file, the first code changes and the second one stays the same.

Only the first code can be worked out on your own computer. Save the file, then run one of these, putting the name of the file you saved where the example is. The panel on each source prints the command with that source's real file name already in it.

macOS or Linux:
  shasum -a 256 the-file-you-saved.pdf

Windows:
  certutil -hashfile the-file-you-saved.pdf SHA256

The two codes are different from each other, and they are not meant to match. Comparing one against the other proves nothing.

What a difference means, and what it does not

A different file code on its own proves nothing. A PDF saved again with a new date inside it is a new file saying exactly the same thing.

A different wording code means the words themselves changed. That is the one that matters, and it is why we keep it.

Even then, a change is not proof of bad faith. Companies update their documents. What this report says is what the document said on the day we read it, and every quote carries that date.

A source that is a web page and not a file has no file to save, so only the code of its wording is shown.

How this report is made

Every clause quoted above comes from a document TP Global publishes on its own website, downloaded and hashed on the date shown, with the clause number and page recorded so any reader can check it. We do not allege anything the documents do not say, and we do not judge TP Global on anything other than its own published terms and its own public marketing. Where a clause has a qualifier that softens it, the report says so. Last read Sep 23, 2026.

If you represent TP Global and a clause has changed, been withdrawn, or is being read out of context, tell us and we will re-read the documents and update this page. Corrections from the broker are welcome and are published with the reading they change. Contact us.

This is a reading of a contract, not legal advice and not a ruling on TP Global. Whether its licence is real and current is a separate check on the broker profile.

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