Global Broker Regulation Inquiry App
WikiFX
Broker
Rankings
Regulators
ritzyshona
Within 1 year

Can you use Expert Advisors (EAs) for automated trading on Trade Capital Markets' platforms?

Broker Issues
Trade Capital Markets
Platform
Leverage
Account
Instruments
05-21
United States
WikiFX
Reply

In my hands-on experience with Trade Capital Markets (TCM), I found that they operate with a full MetaTrader 4 (MT4) license. This is significant because, practically speaking, MT4 is renowned for its robust compatibility with Expert Advisors (EAs), enabling automated trading strategies. The presence of a full license, as verified through their listing, means the technical environment required for EA deployment is fundamentally in place. As an independent trader focused on due diligence, I see this as a basic but essential feature for anyone intent on using algorithmic systems. However, while the technical provision is clearly there, I am always cautious and consider other factors beyond just platform capabilities. The regulatory situation of TCM does raise some concerns for me—while they are licensed by CySEC in Cyprus, there are flagged issues regarding a 'suspicious clone' license with the FSCA. Coupled with several user complaints about difficulties withdrawing funds, I believe it’s prudent to approach with care. For me, the ability to use EAs is available, but actual usage should be tempered by a thorough review of withdrawal reliability and customer support responsiveness—especially with automated strategies where capital can move quickly. In summary, from the platform side, EAs are supported, but broader due diligence is crucial before committing significant capital.

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com