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Is TCM trading a scam??

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Hi trader, thanks for asking about Topcmarket.com. I have checked their website and they do not seem to be regulated by any of the top regulators such as the UK's FCA and the ASIC. Their registered office is in Saint Vincent and the Grenadines, which is probably where they are also regulated.

However, given that they are a crypto firm, it is no surprise that they are not regulated by any of the top regulators. I'd still tread carefully when dealing with the company as there are other trusted crypto firms out there that have stood the test of time such as Binance, Kraken, CEX.IO and Bittrex.

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Hi,

You determine if TCM trading is a scam by subjecting it to basic industry tests. Tests involve looking for brokerage information. Look up CEO trustworthiness, full identity, and previous fraudulent associations, if any. Scams often avoid ownership information disclosure.

Find out who is in management and who runs the brokerage, concentrating on qualifications and experience. Ensure they have a headquartered office presence you can visit and make inquiries and a launch date. Confirm platform legal status, registration with requisite regulators, and who to sue when things go awry.

Most important of all, make a comprehensive research about the platform, ownership, and management in online platforms. Concentrate on industry forums and blogs. A scam will have numerous negative sentiments in online platforms.
 

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Hello,

Thanks for coming here.

You can confirm a company’s legitimacy through its regulatory status. From FINRA to SEC, none of the major supervisors is displayed on TCM’s website. Again, there’s no evidence of its registration with the local state. The absence of a social media profile doesn’t help the situation either.
But this doesn’t rule out its genuineness. Being a crypto service, it can be excused owing to the unclear licensing procedures in the digital market. The fact that TCM’s leadership remains anonymous raises a red flag. Knowing who’s in charge lets you gauge their qualifications and uncover their fraudulent past.
The good news is TCM hasn’t encountered any security breaches. However, it struggles with traffic despite its clean record. This is understandable considering the website has only been running for 8 months.
Even so, the lock icon and “https” sign before its address prove the site is safe to visit. Moreover, the domain is not blacklisted. With the cons outweighing the pros, be wary of this site.

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