A Trusted Forex Broker
TSG Brokers Review Cyprus-Regulated MT5 Broker
TSG Brokers Ltd is a Cyprus-based forex and CFD broker regulated by the Cyprus Securities and Exchange Commission (CySEC). For traders, this brings real safeguards, including segregated client funds, clear reporting rules, and investor protection standards set in the European Union. It is a safer setup than what many offshore firms offer.
The broker supports MetaTrader 5 (MT5), a modern multi-asset platform with robust tools. MT5 expands on MT4 with more charting features, extra timeframes, better order handling, and a built-in economic calendar. With one account, you can trade forex, metals, indices, commodities, stock CFDs, and crypto CFDs. That covers the core markets most retail traders use.
This review covers regulation, the MT5 platform, account tiers, pricing, funding, withdrawals, tradable markets, and support features to help you decide if TSG aligns with your trading style.
Regulation and Safety
TSG Brokers operates under Notesco Financial Services Ltd, authorized by CySEC under license 291/16. Cyprus is in the EU, so the firm follows union-wide standards under ESMA oversight. That puts client protection ahead of marketing tactics and sets strict operating rules.
What this framework gives you:
- Capital adequacy: the company must hold at least €730,000 in operating capital.
- Investor Compensation Fund: coverage up to €20,000 per client if the firm becomes insolvent.
- Segregated accounts: client deposits are held separate from company funds.
- Negative balance protection: your losses cannot push the account below zero.
- Margin limits: up to 1:30 on major forex pairs for retail clients, with lower caps for other assets.
- No deposit bonuses: CySEC bans bonus schemes that restrict withdrawals.
- Full order reporting: all trades are recorded and available to regulators.
The trade-off is simple. You get stricter rules and lower retail gearing, in return for real protections and ongoing oversight.
Trading Platform: MetaTrader 5
TSG Brokers offers MT5 across desktop, web, and mobile. The platform suits both manual and automated trading and includes:
- 21 timeframes and more than 80 built-in indicators
- One-click trading and fast execution
- Hedging support for long and short positions in the same symbol
- Expert Advisors for algorithmic strategies, plus the MQL5 marketplace
- Multi-chart layouts for tracking several markets at once
MT5 has a learning curve for new traders, but it delivers the tools active users expect. Pairing MT5 with CySEC oversight makes a solid setup for most strategies.
Trading Conditions at a Glance
Forex
- Market volume over $8 trillion per day
- Leverage up to 1:30
- Floating tight spreads
- Minimum deposit from 100 €
Metals
- A common store of value in periods of stress
- Leverage up to 1:20
- Floating tight spreads
- Minimum deposit from 100 €
Indices
- Trade broad market moves, not single names
- Leverage up to 1:20
- Floating tight spreads
- Minimum deposit from 1,000 €
Commodities
- Oil and other physical commodities
- Leverage up to 1:10
- Floating tight spreads
- Minimum deposit from 1,000 €
Cryptocurrencies
- Highly volatile instruments
- Leverage up to 1:2
- Floating tight spreads
- Minimum deposit from 1,000 €
Stocks
- Trade well-known companies
- Leverage up to 1:5
- Floating tight spreads
- Minimum deposit from 1,000 €
Withdrawals: Key Terms
- Minimum withdrawal: €50 for bank transfers
- Fees: flat €5 per withdrawal
- Processing: within 24 hours by TSG, then 1 to 3 business days for bank delivery
- Methods: primarily bank transfers via Bank of Cyprus and Eurobank
- Source matching: funds return to the original payment method in the account holder’s name
The flat fee favors fewer, larger withdrawals. While card or e-wallet withdrawals are not listed, bank transfers remain a secure method.
Pros and Cons
Pros:
- CySEC regulation with EU investor protections
- MetaTrader 5 on desktop, web, and mobile
- 400+ CFDs across forex, stocks, indices, commodities, metals, and crypto
- Tiered pricing with tight spreads on higher accounts
- Clear funding and withdrawal rules with no deposit fees
Cons:
- Retail gearing capped at 1:30 under ESMA rules
- No card or e-wallet withdrawals listed, bank transfer only
- Crypto trading commission fixed at 0.25% per side
- MT5 can feel complex for beginners
- Higher-tier accounts require larger deposits, up to €50,000 for Professional
Pricing and Spreads
Trading costs vary by account tier. Tighter spreads help active traders reach breakeven sooner.
Forex spreads by account:
- Basic: from 1.0 pip on majors, about $10 per lot on EUR/USD
- Standard: from 0.8 pips
- Expert: from 0.6 pips
- VIP: from 0.4 pips
- Professional: from 0.3 pips, with fewer retail protections
- ECN: raw spreads from 0.0 pips plus fixed commissions
For frequent traders, small spread differences add up. A scalper trading 100 lots per month might pay around $1,000 in spreads on Basic, and about $400 on VIP.
Stock CFD commissions, charged per side:
- Basic: 0.20% of trade value, minimum $2
- Standard: 0.16%, minimum $1.50
- Expert: 0.12%, minimum $1
- VIP and Professional: 0.08%, minimum $1
- ECN: 0.12%, minimum $1
Example: a $10,000 Apple CFD trade costs $40 round trip on Basic, and $16 on VIP.
Crypto CFD commissions:
- All tiers: 0.25% per side
- Example: a $5,000 BTC CFD trade costs $25 round trip
ECN vs spread-only:
- ECN uses raw spreads plus a fixed commission from $3 per side per lot.
- Spread-only accounts can be cheaper in calm markets.
- ECN pricing often holds tighter in volatile periods, which can favor news traders and larger positions.
Gearing and Margin Rules
Retail clients trade with caps in line with ESMA rules. Professional clients can access higher ratios but lose some retail protections.
Retail accounts:
- Forex majors: up to 1:30
- Indices and gold: up to 1:20
- Stocks: up to 1:5
- Crypto: up to 1:2
Professional account:
- Up to 1:200, with stricter risk demands and fewer safeguards
Margin thresholds:
- Margin call: 100% for retail, 80% for Professional
- Stop out: 50% for retail, 20% for Professional
Higher gearing magnifies both gains and losses, so position sizing and risk controls are key.
Bottom Line
TSG Brokers pairs CySEC oversight with the MT5 platform and a broad product list. The account tiers offer a clear upgrade path as volume grows. Pricing is competitive on higher levels, and risk controls follow EU standards. If you want an EU-regulated broker with MT5 and multi-asset access, TSG is a credible option to consider.
Risk Warning: Trading CFDs involves a high level of risk. 77.95% of retail investor accounts lose money when trading CFDs with this provider. You can lose all your invested capital. These products may not be suitable or allowed for you. Make sure you understand how CFDs work and the risks involved. Read our Risk Disclosure, Legal Policies, and Terms and Conditions before trading at https://tsgbrokers.com.
TSG Brokers Ltd does not offer services to residents of certain jurisdictions, including the USA, British Columbia (Canada), Australia, Belgium, Japan, Islamic Republic of Iran, Sudan, Syria, North Korea, and other restricted regions. Clients must check if they are allowed to use the services of https://tsgbrokers.com/ based on their local laws.
U.S. Persons Territory Restrictions Notice
No U.S. Person, as defined under Regulation S of the US Securities Act of 1933, and no person located in the United States or its territories, may access, use, or rely on any services provided by TSG Brokers Ltd. Services are intended only for residents of the European Union who are Non-U.S. Persons. Access by U.S. Persons or anyone within U.S. territory is strictly prohibited.
Contracts for Difference offered by TSG Brokers are not registered under the US Securities Act of 1933 and are not derivatives approved by the US Commodity Futures Trading Commission. CFDs cannot be marketed, solicited, or offered in any US jurisdiction or to any U.S. Person, as defined by Rule 902(k) of Regulation S and by CFTC regulations. TSG Brokers uses policies and technical controls to detect and block applications or onboarding attempts by U.S. Persons.
None of the information on this page is a solicitation, offer, or targeted message to U.S. investors or to any person or entity in the United States or its territories, in line with US law and TSG Brokers’ compliance duties.
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