Trading Central / TCFX has been flagged by Financial Conduct Authority for "Unregistered/Unlicensed entity offering financial products or services". Theads - @tradingcentral.fx This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.
I gave Trading Central / TCFX a fair chance. After for close to eighteen months of usage, I can say with confidence that there are far better options available. The interface is clunky, the fees are higher than competitors, and the customer support team seems overwhelmed or understaffed.
Pros: Tax reports included|Copy trading available
Cons: No integrated tax optimization|No phone support on weekends
Several red flags with Trading Central / TCFX: (1) They promise unrealistically high returns, (2) They're not registered with Financial Conduct Authority, (3) Their contact information is vague, (4) They pressure you to deposit quickly. I recommend everyone do thorough due diligence before investing with any company.
Cons: Not registered with regulators|Unrealistic promises
After since I opened my account last year with Trading Central / TCFX I requested to close my account and withdraw. They said I had to complete a 30-day cooling-off period. Then they said there was a minimum holding period for my last deposit. They make it as hard as possible to leave.
Pros: Risk management tools|Smooth onboarding|Quick verification
Cons: Live chat only during business hours|Research section could be deeper
Do not be fooled by the professional-looking website. Behind the scenes, Trading Central / TCFX is disorganized and incompetent. I found them based on a colleague's recommendation and I can only assume the positive reviews are either outdated or paid for because my experience was terrible.
Pros: Fast deposits|Good mobile app|Instant funding
Cons: Desktop app not available on Linux
I have been trying to close my account with Trading Central / TCFX for weeks now and they keep giving me the runaround. First it was a form to fill out, then identity verification again, then a mandatory phone call that never gets scheduled. They make leaving impossible.
Pros: Regular platform improvements|Reliable uptime|Regular updates
Cons: Minimum deposit could be lower|Withdrawal takes 1-2 business days
Trading Central / TCFX has no proper customer support. The live chat is a bot. The phone number goes to a call center that cannot access your account. Email takes two weeks. When I had a real problem they were nowhere to be found.
Pros: Regular updates|Fast support response|Dividend tracking|Competitive fees
Cons: Minor UI glitches occasionally
I had high hopes for Trading Central / TCFX after hearing about them at a conference, but my experience has been disappointing. Customer support is slow, the platform has frequent issues, and their fee structure is not as transparent as advertised. I am actively looking for alternatives now.
Pros: Multiple order types|Customizable dashboard|Two-factor authentication|Easy withdrawals
Cons: Onboarding videos are outdated
I lost a significant amount because Trading Central / TCFX did not execute my stop loss during a flash crash. They said the market was illiquid. Other brokers managed to execute. I have no proof they did not trade against me. Avoid.
Pros: Quick verification|Copy trading available|Regular platform improvements|Great customer service
Cons: None so far
I am in a dispute with Trading Central / TCFX over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.
Pros: Great customer service|Detailed reporting|Dedicated account manager
Cons: Some tools only available on higher tiers
After doing some research AFTER the fact (I know, I should have done this first), I discovered that Trading Central / TCFX is not authorized by any legitimate financial regulator. They are operating illegally. The website looks very professional but it's all a facade. Please check the regulatory warnings database before investing with ANY company.
Cons: Lost entire investment|Reported to authorities|Unresponsive