Quick Links

• Our Review Method

• Is TBFX Scam or Legit Broker?

• What is TBFX?

• Pros and Cons

• Conclusion

Our Review Method ▲

In our rigorous review process, a team of seasoned financial specialists, boasting more than 20 years of experience in Forex trading, carries out an exhaustive evaluation of various trading services. Our team delves deep into the investigation of fees, assesses the trading platforms, and verifies adherence to regulatory standards. We also interact directly with customer support and conduct actual trades to gain a real-world understanding of the trading conditions. This comprehensive approach enables us to provide informed insights and advice on why we recommend avoiding TBFX due to the issues we've identified.

Is TBFX Scam or Legit Broker? ▲

TBFX emerges as a highly dubious entity within the Forex brokerage industry, primarily because it lacks authorization from any globally recognized Forex regulatory body. This absence of licensure indicates that TBFX has not been subjected to the necessary compliance checks prior to its establishment. Furthermore, there is no ongoing oversight to ensure the broker's operations are secure, leaving it free to operate as it pleases without any accountability. This situation raises substantial concerns over the legitimacy and safety of engaging with TBFX, suggesting the broker might be operating fraudulently.

What is TBFX? ▲

TBFX, purportedly based in London, UK, operates under the corporate banner of TBFX Limited. The firm advertises over 14 years of experience in the Forex and CFD brokerage sector, claiming a significant presence with offices in more than 13 countries, including but not limited to the UK, Poland, Germany, France, and Turkey. TBFX boasts about its regulatory compliance with several of the world's leading financial supervisory authorities, including the Financial Conduct Authority (FCA), KNF, and CMB.

However, a closer inspection reveals that TBFX is merely masquerading as a clone of the legitimately regulated XTB Limited, utilizing the latter's FCA license number without authorization. This deceptive practice is commonly employed by "clone firms" like TBFX, which exploit the credentials of well-regulated entities to mislead potential clients. The misuse of regulatory information is a clear indication of TBFX's fraudulent nature, further evidenced by the Financial Conduct Authority's decision to blacklist the broker.

Pros and Cons ▲

Pros:

• Claims of extensive experience and a wide international presence.

• Purported regulation by top financial authorities (misleading).

Cons:

• Absence of legitimate licensing from respected Forex regulatory bodies.

• Operates as a clone firm, misleadingly using the license number of a reputable, regulated entity.

• Blacklisted by the Financial Conduct Authority.

• Lacks transparency regarding trading conditions and contact information.

• The official website is currently inactive, suggesting a cessation of operations.

• High risk of investment scams due to unregulated status.

Conclusion ▲

In light of the findings from our comprehensive review, we strongly caution all investors and traders against engaging with TBFX and similarly unregulated brokers. The conspicuous lack of regulatory information, combined with questionable trading conditions and obscure contact details, are glaring red flags indicative of potential investment scams. It is imperative for traders to seek out brokers that are duly regulated by reputable authorities, such as those in the UK or Australia, to ensure a secure and transparent trading environment. TBFX's current inactivity and the unavailability of its website further underscore the risks associated with this broker, and we advise traders to remain vigilant and steer clear of any trading proposals that may arise from this questionable entity.