TPT

TPT is a retail forex and CFD broker registered in the United Kingdom. The company lists its registered address at 60-64 Cannon Street, London EC4N 6NP. According to official records, TPT was founded on 7 April 2020, operating under the domain tescoplctrade.com.

Despite its UK registration, TPT does not hold any known regulatory licence from the Financial Conduct Authority (FCA) or any other major financial regulator. This absence of oversight is a significant consideration for traders evaluating the broker's credibility and safety.

Our records indicate that TPT has no regulatory licences on file. The broker is not authorised by the FCA nor by any other tier‑1 regulator. While the company is legally registered as a corporate entity in the UK, corporate registration alone does not equate to financial regulation.

Traders should be aware that dealing with an unregulated broker carries elevated risks, including limited recourse in the event of disputes or financial loss. FXCanary's Scam Risk Score for TPT is 45 out of 100, which falls into the 'Guarded' category, reflecting these safety concerns.

TPT offers five account tiers: Basic, Silver, Gold, Platinum, and Diamond. The Basic account has no stated minimum deposit, while the Silver tier requires 1,000–2,500 USD, Gold 2,600–5,000 USD, Platinum 5,500–10,000 USD, and Diamond 11,000–50,000 USD.

Maximum leverage varies by tier: Basic, Silver, and Gold accounts offer leverage up to 1:200, while Platinum and Diamond accounts allow up to 1:500. Higher tiers presumably provide additional benefits, though specific features are not detailed in available records.

The broker offers leveraged trading on forex and CFDs, though the exact list of instruments is not disclosed in our known facts. Spreads, commissions, and execution models are also unspecified. Leverage up to 1:500 is available on the two highest account tiers, which can amplify both gains and losses.

Without independent verification of trading conditions, traders should approach with caution. The lack of regulated oversight means that advertised conditions may differ from actual practice.

No information is available regarding accepted payment methods, withdrawal policies, or processing times for TPT. This lack of transparency is a common red flag among unregulated brokers.

Prospective clients should seek clear details on deposit and withdrawal procedures before committing funds. The absence of regulated oversight means there is no guarantee of fund security or timely withdrawals.

Customer support channels for TPT are not documented in our known facts. It is unclear whether the broker offers phone, email, or live chat support, and what hours of operation are maintained.

Reliable customer support is crucial for resolving trading issues. Without confirmed contact methods, traders may face difficulties in reaching the broker when needed.

Given its unregulated status and high leverage options, TPT may appeal to experienced traders willing to accept significant risk in pursuit of high returns. The higher-tier accounts cater to those with larger capital.

However, the broker is not suitable for risk‑averse traders or those seeking a regulated environment. Beginners and those prioritising fund safety should avoid unregulated brokers like TPT.