Tbanque.com Review – 5 things you should know about TBanque

Tbanque.com Review – 5 things you should know about TBanque

Rating: 1

Beware! Tbanque.com is an offshore broker! Your investment may be at risk.



Don’t put all your eggs in one basket. Open trading accounts with at least two brokers.


Tbanque.com’s website seemed remarkably well for a scam broker website. However, it also reminded us of the website of eToro – a big, established brokerage that has gained a lot of popularity in recent years. Tbanque.com is surely a scam – they have provided false license information which is proof enough of that fact. Moreover, the broker seems to be connected to another scammer’s website. Opening an account with such a company would only lead to you getting robbed – avoid this broker at all costs.


Tbanque.com claims that is licensed by both the FCA (the UK) and CySEC (Cyprus). These are the two strictest financial regulators in Europe – a license by either of them proves the reliability of any broker. However, Tbanque.com seems to have provided false license numbers. The broker did not show up anywhere in the databases of the FCA or CySEC which proves that they are, in fact, fully unregulated.

We actually found out that this broker is based in St. Vincent and the Grenadines – a favorite location for scammers. The reason why they adore that specific location so much is that the local financial authority does not regulate forex brokers, or monitor their activities, and does not have any requirements for such companies.

It would be much safer to turn to a broker with a UK, EU, or Australian license. Such brokers are all but anonymous – they are required to conduct business in a far more transparent manner, and report to authorities regularly. They also have to prove that their company is financially stable by maintaining a certain minimum operational capital – €730 000 in the UK and the EU, and A$1 million in Australia. Client funds are kept in segregated bank accounts – so you can be sure that the broker could not use your money for their own purposes and reinvest it without your knowledge. Negative balance protection is a must – which means you could never suffer losses exceeding the amount of money you have in your account. Leverage restrictions protect investors from bigger losses they could handle while a bonus ban and a binary options ban keep scams at bay. Additionally, UK and EU brokers are obligated to provide funds for compensation schemes so if a broker goes bankrupt, each of their clients could receive a compensation of up to €20 000 in the EU and £85 000 in the UK depending on the size of their investment.


Tbanque.com states that it offers a web-based trading platform – one that we were not actually allowed to try. When we tried opening an account with the broker, we were asked to verify our e-mail. But when we did that, we were redirected to the website of a different broker altogether – Opofinance. This is a scam we have already exposed. As a result, we cannot be sure that Tbanque.com provides access to a platform or even to a client area. And there is no point in opening an account with a scam broker if you are not able to trade. Moreover, the relation to other scammers does not help this broker’s case.

If you would actually want to trade on a decent trading platform, check out these brokers who offer leading trading software MetaTrader 5. This platform is intuitive and even beginners will be quick to figure it out – but it is also highly functional and offers access to all sorts of trading tools imaginable. You would be able to use Expert Advisors, develop your own trading bots and indicators, set signals or subscribe to those set by successful traders, use a multi-threaded Strategy Tester and export charts, exchange strategies in a community chat, and even use hedging and netting options on newer versions of MT5.


Tbanque.com promised that we would be able to trade forex and crypto, and invest in stocks and crypto if we chose to open an account with it. This is not a very wide range of markets considering the fact that many established brokers would let you trade thousands of instruments.

The minimum deposit amount seemed to depend on your location – it was $50 for all EU countries, but US and UK clients could start trading with as little as $10. Israeli traders, on the other hand, were asked to invest at least $10 000. If you were a trader based in the Cayman Islands, French Polynesia, Gibraltar, Iceland, Isle Of Man, Jersey Island, Kuwait, Lithuania, or Reunion Island, you would have to invest $1000. For all other countries, the minimum deposit was $200. As you can see this fee system is a bit weird and even discriminatory in some regards. There are many legitimate brokers who would also be willing to open an account for $50 or less – check out their offers instead. 


Since we could not access the broker’s client area, we were also unable to confirm that it actually accepts the payment solutions it claims to accept. Supposedly, you would be able to deposit with a number of solutions, some of them only available in certain counties or regions, You could deposit with a card, via wire transfer, with Skrill, Neteller, PayPal, Rapid Transfer, iDEAL (the Netherlands), Klarna or Sofort Banking, POLi (Australia), Przelewy 24 (Poland), Payoneer, and TBanque Money (UK). This is a wide range of options – but the broker did not support its claims. Our advice is to not deposit with such fraudulent enterprises, no matter the payment solution. In case, you already have, make sure to research what can be done in order for you to retrieve your money. If you have used a credit or debit card, for example, you could ask for a chargeback within 540 days of the transaction.


You might think that not many people fall for such scams but you would be dead wrong – some scams are quite elaborate and have managed to fool a lot of people. That is why it is important to know what to expect and look for in order to spot a scam broker from a mile away.

The scam starts with an ad on the Internet promising you an easy gateway to forex trading or investing – the only thing you would have to do is open an account with the broker. You know that there are people who trade for a job and that even regular Joes manage to earn a nice side income through trading and wonder why not the same, there is no harm in trying. So you give in and provide the scammers with your contact details.

This is the moment when you will start getting constant calls and emails asking you to deposit – even if you have only opened a demo account. At some point, since everything seems legitimate, you do deposit and in the beginning, things might be looking great. The profits you were promised come soon but you should remember that it is easy for scammers to manipulate platforms to make it look like you are turning a profit. But you will be asked to keep on investing – and you would have no problem doing that because you will be smooth-talked into it by people who scam others for a living.

But when you try to withdraw, you will start running into different obstacles – obscure clauses in the Terms and Conditions preventing you from withdrawing, additional fees and taxes, and weird procedures. At some point, you would not be able to deny the fact you have been scammed – but it will be too late. The scammers will disappear and stop answering your calls and emails and leave you wondering what to do.


So what can be done in case you have already deposited?

Be prepared that there is a rather high chance that you would never see your money again. There is, however, still hope to retrieve it especially if you have deposited with a credit or debit card – both Visa and MasterCard allow chargebacks within 540 days of the transaction. Moreover, there are some things you absolutely have to do in order to avoid further losses of money.

Change all passwords and banking details you have provided the scammers with and remove all sorts of remote access software if you have installed such. Some scammers would promise to help you trade, or resolve different problems if you only install such software – their actual agenda is to get access to your computer and all your passwords and information.

Don’t trust any so-called “recovery agents” who offer to retrieve your money for a fee – this is just another type of scam targeting desperate scam victims, often conducted by the same people that are behind your “broker”.

Make sure to notify authorities and try to share your story online, or with your acquaintances – the more people know about such scams and how they function, the lower the success rate they will have.

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