TranquilTradeFX

Basic Information

• Registered Region
  

  United Arab Emirates
• Operation Status
  Suspected of fraud
• Operating Period
  2024-02-23
• Deposit Methods
  bank transfer、credit/debit card)、Apple Pay、crypto
• Website
  https://tranquiltradefx.com
• Market Type
  Forex、Indices、nternational Stocks
• Support Languges
  

  English
• Main Business
  Forex CFD Cryptocurrency Commodities Stocks Multiple account types and trading instruments
• Business Type
  Brokerage
• Social Media
• Contact Details
  support@ouinex.com
• Type of Accounts
  Standard Account、Enterprise / Corporate Account
• Trading Platforms
  User-center contract investment interface
• Withdraw Methods
  no hidden deposit or withdrawal fees
• Auto Trading
  API trading

Pros and Cons

Pros: - Multi-asset + Crypto + Traditional Assets + Derivatives Support — Broad Coverage - Supports Crypto + Traditional + Forex + Stocks/Commodities/Indices/Derivatives, with a variety of tools and products - Flexible deposit methods (Fiat/Credit/Bank/Crypto) + Supports Crypto Wallets/Multi-Asset Wallets - Provides Algorithm/API/Automatic Trading Support (Friendly for Quantitative/Programmatic Traders) - Website claims transparent fees (Deposits/Withdrawals/Trading Fees/Slippage/Hidden Fees) - Offers Web + Mobile App, convenient procedures; attractive to new users and multi-asset traders. Cons: - Although claims to have a regulated/registered entity, extremely low third-party reputation rating (low ScamAdviser score) — Trustworthiness/security questionable. - Complex registration structure, multiple jurisdictions (multiple entities + registration in multiple countries), resulting in insufficient transparency and uniformity in actual supervision, client fund protection, and compliance. - Failure to use mainstream trading platforms (MT4/MT5) — The credibility, stability, liquidity, and execution quality of the proprietary platform are difficult to independently verify. - Despite claims of no hidden fees and transparent rates, there is a lack of independent audits and third-party verification of the authenticity of its rates, slippage, and order execution mechanisms (highlights such as the no-CLOB model have not been independently verified). - Short user base and short history (beta testing/just launched) — Historical reputation and stability have not been tested over a long period. - Limited third-party (media/users/independent audit) reports/verifications of its reliability — High reliance on the official website's claims/marketing/promotion. - Lack of publicly credible guarantees regarding client fund security/asset segregation, withdrawal guarantees, and transparent audit mechanisms => Potentially significant financial security risks exist.

Company Background

TranquilTradeFX claims to be a broker offering contracts for difference (CFD) trading in forex, indices, commodities, and cryptocurrencies, but its actual corporate information is extremely vague. The platform does not clearly disclose its founding date, headquarters location, or true operating entity, lacking transparency. Unlike reputable brokers regulated by authoritative institutions, this platform relies solely on website claims to promote itself, raising questions about its overall reliability. Its main attractions to investors are "diversified trading products" and "high returns," but these are not backed by any compliance or security guarantees.

Fund Security

TranquilTradeFX is not licensed by any reputable financial regulators, such as the FCA, ASIC, and CySEC, and its official website does not provide a verifiable regulatory number. Its so-called "client fund security" promise lacks third-party verification, which likely indicates that funds are not segregated. If the platform ceases operations or maliciously absconds with funds, investors' funds will be irrecoverable.

Account Opening

The account opening process is roughly as follows: Register → Provide valid identification (KYC) → Deposit funds (minimum $100) → Start trading

Trading Fees

Platforms use "high leverage and low spreads" as selling points to attract investors who lack risk awareness. However, these conditions often become tools for trading manipulation on unregulated platforms, making it extremely easy for investors to lose their positions due to false market conditions and abnormal trading environments. These seemingly advantageous conditions actually mask serious security risks.

Trading Instruments

The platform advertises a wide range of trading options, including foreign exchange (forex) pairs, precious metals, indices, and popular cryptocurrencies. However, due to a lack of regulatory support, actual trading is likely "virtual," meaning investors' trades are not actually executed in the market but rather controlled by the platform's backend. Some users report opaque trading spreads and erratic price fluctuations, suggesting the service is more of a scam than a cover-up.

Trading Instruments

TranquilTradeFX claims to support major trading platforms, but it hasn't released any third-party-verified technical specifications or security guarantees. Investors may experience delays, slippage, or even forced liquidations, raising suspicions of backend manipulation. For investors who rely on automated strategies and high-frequency trading, trading on such platforms presents significant risks.

Research and Education

Beginner's Guide / Risk Management Guide / Crypto & Derivatives / Integration of Traditional Finance / Investor Education / Trading Tutorials, etc.

Customer Support

Beginner's Guide / Risk Management Guide / Crypto & Derivatives / Integration of Traditional Finance / Investor Education / Trading Tutorials, etc.