TISCO Securities
Basic Information
Pros and Cons
Pros
- Established presence in Thailand since 1975
- Good customer service and research capabilities
- Offers various investment services including equities and derivatives
- Minimum deposit of 10,000 THB
- Leverage available up to 1:100
Cons
- Currently unregulated, raising fund safety concerns
- Withdrawal issues reported, including delays and fees
- Trading platform considered outdated
- Mixed reputation among users
- Higher commission fees for certain trades
Is TISCO Securities Safe and Legit?
TISCO Securities, based in Bangkok, Thailand, was established in 1975 and has over 48 years of operational experience. It provides a range of investment services, including equities, derivatives, and mutual funds, with a minimum deposit of 10,000 THB and leverage up to 1:100. The trading platform used is TISCO eTrade, which is proprietary and web-based.
The broker is currently unregulated, posing significant risks regarding fund safety and legality for traders. Consequently, it is not considered a safe brokerage option within the financial industry.
TISCO Securities has a mixed reputation among users, with feedback highlighting good customer service and research capabilities. However, there are notable concerns regarding withdrawal processes, with reports of delays and fees. Users have also pointed out that the trading platform is somewhat outdated compared to competitors, leading to varying experiences, particularly among novice traders.
Is TISCO Securities a Regulated Broker?
What Are the Regulatory Licenses Held by TISCO Securities?
TISCO Securities is currently unregulated, which raises significant concerns regarding fund safety and legality for traders. The absence of any regulatory licenses implies that the broker does not adhere to the stringent rules imposed by recognized financial authorities. Consequently, TISCO Securities does not hold any mainstream or offshore licenses, leading to potential risks for investors regarding the safety of their funds and the ethical conduct of the brokerage. Traders should exercise caution when engaging with this unregulated entity.
Client Fund Segregation: Your Ultimate Safeguard
Capital Protection Measures
TISCO Securities currently does not hold client funds in independently regulated bank accounts, nor does it adhere to specific regulations regarding fund segregation. The absence of regulatory oversight means there are no mandated measures for fund protection, raising significant concerns about the safety of client funds.
TISCO Securities Leverage
The maximum leverage offered by TISCO Securities is up to 1:100, applicable across various product categories. However, as the broker is unregulated, there are no compliance guarantees with local legal limits on leverage, and traders should be aware of the associated risks.
TISCO Securities Withdrawal Review
How to Contact TISCO Securities?
TISCO Securities has received various complaints primarily concerning withdrawal issues, including delays and unexpected fees. Credible sources of these complaints include user reviews on financial forums and broker review platforms. The broker’s response to these complaints has been mixed, with reports indicating slow response times from customer support. There are indications of repetitive complaints regarding withdrawal processes, but TISCO has not faced any regulatory penalties or warnings due to its unregulated status. Overall, the situation raises significant concerns regarding the safety and reliability of the brokerage, classifying it as a risky option for traders.
Frequently Asked Questions
A1: TISCO Securities is currently unregulated, which raises significant concerns regarding fund safety and legality for traders. The absence of regulatory licenses means that the broker does not comply with strict rules imposed by recognized financial authorities, posing potential risks for investors.
A2: TISCO Securities does not hold client funds in independently regulated bank accounts and does not adhere to specific fund segregation regulations. This lack of regulatory oversight means there are no mandated measures for fund protection, raising concerns about the safety of client funds.
A3: Users have reported various complaints concerning withdrawal processes at TISCO Securities, including delays and unexpected fees. There are consistent indications of slow response times from customer support regarding these issues, which raises concerns about the reliability of the brokerage.
A4: Customers can contact TISCO Securities through phone and email for support. However, user feedback suggests that the responsiveness and quality of customer service can be mixed, with some users experiencing slow response times.
A5: The minimum deposit required to open an account with TISCO Securities is 10,000 THB. This requirement may be a consideration for potential traders evaluating their entry into the market.
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Risk Disclosure
Trading forex/CFDs via brokers carries high risks, including potential total loss. For any data changes, please refer to the latest information on the brokers' official websites. Trade with caution and seek independent advice.