TCS Finplan: company reviews in 2022
**Reviews of TCS Finplan: Company’s Work in 2022**
The company TCS Finplan may be confusing for beginners. At first glance, it may seem that the company is dishonest and aimed at deception. So far, there are few reviews about the intermediary, and potential clients have to search for information on the official website. In our review, we will detail why it’s better to steer clear of TCS Finplan.
Domain Registration Date Verification
The company TCS Finplan emphasizes that it is a British intermediary, but the only version of their website is in Russian. Based on this, the company is clearly targeting traders from Russia. The website features several sections:
- Services,
- Investments,
- Platforms,
- Contacts.
However, none of these sections are active. The website is essentially a one-page site filled with promises and claims about how beneficial it is to cooperate with TCS Finplan.
More detailed information about the company’s experience is not provided, although awards starting from 2018 are listed at the bottom of the website. Upon checking the domain history, all these awards are fake. In reality, the company started operating on June 27, 2022, which explains the lack of reviews.
Access to contact information is absent, making it impossible to reach out to support. The platform also lacks internal documents, with no links found in the registration form.
Legal Aspect
According to the presentation, the brand TCS Finplan belongs to the British company TCS Financial Planning Limited. The website lists a legal address in the United Kingdom and a license number. Checking in the unified state register of legal entities showed that such a company indeed exists, and the certificate of incorporation was issued in December 2010.
Additionally, information about TCS Financial Planning Limited is present in the database of the British regulator FCA. However, it’s worth noting that this does not confirm the status of a regulated broker. TCS Finplan used the data of the actual TCS Financial Planning Limited for its PR, but it does not actually hold the corresponding status.
When choosing a broker, traders should pay attention to the requirements for financial institutions in their jurisdiction. In the Russian Federation, every intermediary providing services to the country’s citizens must comply with the requirements of the Forex Law 460-FZ. It is important to remember the main rules:
- Obtaining the status of a legal entity,
- Registration in a self-regulatory organization (SRO),
- Licensing by the Central Bank of Russia.
However, TCS Finplan does not comply with the legislation. The company remains off the Central Bank of Russia’s blacklist only due to its short period of existence. Accordingly, it is not listed among the licensees of the country’s main regulator.
According to forum reviews, cooperation with unregulated brokers poses many problems. The regulator cannot influence companies like TCS Finplan.
Service Review for Users
TCS Finplan offers access to 400+ assets for trading, including currency pairs and CFDs. The trading platform TCS Trade is offered as trading software, featuring advanced analytics, flexible settings, a personal manager, over 90 trading indicators, as well as simplicity and user-friendliness.
The company avoids disclosing the entry threshold, spread sizes and leverage, commission costs, and payout conditions. The approach to each client is individual to maximize capturing potential victims.
User Reviews
Currently, there are no reviews of TCS Finplan. We are monitoring updates and promise to add real user reviews as soon as they appear. Want to share your experience? Feel free to leave a review below in the comments.
How the Company Deceives Beginners
TCS Finplan conducts a hidden policy and skillfully offers its services. Users will be shown active trading and the illusion of successful deals. However, if a user decides to stop making financial deposits, they risk having their orders closed at a loss.
If a trader wants to leave the platform, taking their funds, they will be required to pay high commissions and insurance. Refusing to comply with the conditions may lead to accusations of breaching agreements, account blocking, and transferring funds to the company’s benefit.
Why TCS Finplan Doesn’t Deserve Trust
Despite the lack of real customer reviews, it can already be stated that TCS Finplan is a suspicious company. It lacks legal grounds for its operations. All claims about British registration and FCA license are a provocation. The company has no access to liquidity providers and interbank deals, so its activities are essentially baseless.