TBS

TBS, also known as Tamam Brokerage Services LLC, was founded on 23 August 2022. It is registered in Saint Vincent and the Grenadines at Suite 305, Griffith Corporate Centre, Beachmont, Kingstown. The company describes itself as providing access to a massive financial market, with a focus on East African clients.

Despite its registration in Saint Vincent and the Grenadines, the broker operates primarily in Uganda, as per its company description. The broker has no employees listed, and its regulatory status is notably absent.

TBS does not hold any verified regulatory licenses. The broker is registered in Saint Vincent and the Grenadines, a jurisdiction known for minimal oversight. As such, traders are not protected by any investor compensation schemes.

This lack of regulation is a significant factor in the broker's high risk assessment. Industry databases confirm no active licenses on file, and the FXCanary Scam Risk Score of 75/100 (Severe) reflects the associated risks.

TBS offers three trading accounts: TBS Cent, TBS Standard, and TBS Pro. The Cent account requires a minimum deposit of $5 and offers maximum leverage of 1:1000, with a minimum spread from 1 pip. The Standard account has a $10 minimum deposit, also 1:1000 leverage, and spreads from 1 pip. The Pro account requires $500, offers up to 1:400 leverage, and spreads from 0 pips, with a commission up to $1.5 per lot.

The broker does not disclose commission for the Cent and Standard accounts, suggesting they may be commission-free. All accounts appear to support scalping and news trading, based on user reviews.

The maximum leverage across accounts is 1:1000, which is high and carries significant risk. Spreads are advertised as low, with the Pro account offering raw spreads from 0 pips. The broker claims fast execution with no slippage.

Tradable instruments are not specified in the provided data, so it is unclear which asset classes are available. Similarly, deposit and withdrawal methods are not officially listed, but user reviews indicate mobile money options are popular in East Africa.

According to user reports, deposits are processed quickly, particularly using mobile money services. Withdrawals are also described as instant by some, but a notable number of complaints highlight delays and non-payment.

The broker does not publicly list accepted funding methods, so traders should verify directly. No fees for deposits or withdrawals are disclosed in the available data.

Customer support is frequently praised in positive reviews for being responsive and helpful. The broker claims to have supportive mentors and partners.

However, some negative reviews accuse support of being dishonest and unhelpful when withdrawal issues arise, indicating inconsistency in service quality.

TBS appears to target retail traders, particularly those in East Africa, given its emphasis on mobile money and local presence in Kampala, Uganda. The low minimum deposit makes it accessible to beginners.

The high leverage and low spreads may appeal to scalpers and short-term traders. However, the lack of regulation and withdrawal complaints make it unsuitable for risk-averse traders.