Tyrell Markets appears to be an all-in-one trading platform. They claim to support the MT trading platform. However, they haven’t made it clear which version they support. Details about the company are scarce and as a result, we cannot track the regulatory status. Leverage and minimum deposits are inline with offshore brokers.
Nonetheless, the payment methods offered are too slim and it doesn’t guarantee the security of funds like the reputable exchanges do. In other words, the chances of getting money back from them are slim. Stick with us till the end to find out everything about them.
Tyrell Markets Overview
Main thing that is intended to make this platform stand out is the wide range of asset classes offered under one roof. Sadly, that doesn’t earn them much merit because of the lack of details and transparency. Minimum deposit is said to be $100 and leverage for forex pairs is apparently up to 1:400.
Clearly, the leverage is more than required, especially for beginners. Trading conditions for other instruments are different for obvious reasons, but as it is not stated clearly, clients are left guessing. Ask yourself, why would they leave out important information if they wanted the best experience for their clients? Clearly, something doesn’t add up.
Contact Details
This brokerage apparently has 13 offices across 4 continents, but the only contact information shared by them is an email address. No working hours are mentioned. Do they appear legit to you?
Email – service@Tyrellfx.com
Is Tyrell Markets Trustworthy or Scam?
Tyrell Markets doesn’t appear like a trustworthy entity in any way. They have been around for barely a few months. From social proof to regulatory clearance, there is nothing about them that paints them in a good way.
Their FAQ section is also not detailed. Lastly, information and risks about terminals, automated or semi-automated ways of trading are not discussed in any way or form. As mentioned above, support is also limited. Because of all these reasons, it is better to stay away from them.
Conclusion
Never deposit or employ any trading platform before doing a thorough study. Give utmost importance to the regulation aspect and if they are not giving you verifiable data and registration numbers, do not proceed forward.
Remember, at the end of the day, safety of funds matters more than anything hands down.
