TPS

TPS operates under the domain forextps.com and is registered in Australia. The company was founded on 28 May 2020, making it a relatively new entrant in the retail forex brokerage space.

According to corporate records, TPS is an Australian-registered entity. However, there is limited publicly available information about the company’s operational history, corporate structure, or key personnel beyond its registration details.

TPS claims to be regulated by the Australian Securities and Investments Commission (ASIC) under a Derivatives Trading License (STP). ASIC is generally considered a reputable regulatory authority that enforces strict standards for leverage, client fund segregation, and reporting.

However, the status of this license is recorded as blank in industry databases, which means there is no confirmation that the license is currently active. This absence of a verified regulatory status is a significant concern for traders seeking a regulated broker.

TPS offers three account tiers: ECN, STP, and Hedge. The ECN account requires a minimum deposit of $10,000 USD and offers a maximum leverage of 200:1, targeting high-net-worth or experienced traders.

The STP account has no minimum deposit requirement (unlimited) and provides the highest leverage of up to 400:1, catering to traders who wish to start with smaller capital while seeking maximum exposure. The Hedge account has a $500 USD minimum deposit and a lower leverage cap of 100:1, which may appeal to traders focused on hedging strategies.

TPS does not publicly disclose the full range of trading instruments available. It is unclear whether the broker offers forex, indices, commodities, or cryptocurrencies for trading.

Similarly, no information is provided about the trading platforms supported. Retail traders typically expect to see popular platforms such as MetaTrader 4 or 5, but TPS has not confirmed platform details.

Based on the account structures, TPS appears to target a broad range of retail traders. The STP account with no minimum deposit and high leverage appeals to beginners or those with limited funds, while the ECN account is designed for high-volume or professional traders.

The broker’s registration in Australia suggests it primarily serves clients from the Asia-Pacific region, though its global reach is uncertain due to the lack of licensing confirmation.

There is very little independent or third-party information about TPS. The broker’s official website and marketing materials are not accessible through standard search results, making it difficult to verify claims or gather user feedback.

For a broker with a short operational history and regulatory uncertainty, the lack of transparency is a prominent issue. Traders are advised to seek comprehensive due diligence before committing funds.