In a world where financial success is often promised but rarely delivered, it’s crucial to stay vigilant. This TiBiGlobe dedicated broker markets itself as a customer-oriented platform, luring in traders with promises of high returns and cutting-edge tools. Before you take the plunge, let’s examine whether this broker is truly your ticket to success — or just another trap designed to empty your pockets. Join us as we dissect the realities behind the firm in our in-depth review.
Key Features
- Company Name: Tibiglobe (PTY) Ltd
- Website: https://tibiglobe.com/
- Available Contacts: +27117594010, +35725266066, [email protected], [email protected]
- Foundation: 2018
- Services: brokerage service
- License: FSCA
- Initial Deposit: $50
From Sign-Up to Payout
Let’s start by taking a look at the TiBiGlobe website. Overall, it doesn’t give the impression of being a particularly serious or unique portal, but there’s nothing outright negative to say about it either. At the top, there’s a standard header with the main sections, and in the footer, you’ll find legal information (license, addresses, and risk warnings). Users also have access to legal documents and descriptions of the tariff plans. However, this doesn’t necessarily mean that we’re dealing with a legitimate and safe broker. Moreover, the site is only available in English, which suggests it’s not as extensive as one might hope.
To register an account, you need to provide your name, contact information, country, and account type. Choosing a tariff before creating a personal cabinet is a strange decision. How can a trader know which tariff suits them best if they haven’t yet tested the functionality on a demo account?
After entering your details, a login and password will be sent to your email. Then, for some reason, you’re required to change the password immediately. Why this extra step? Why not just log in with the provided password or create your own from the start? It’s a minor detail, but it’s annoying.
TiBiGlobe has a mandatory verification procedure. Without KYC, you can’t fully use the broker’s services. Upon your first login to the account, you’re immediately asked to upload documents for verification.
Without KYC, you won’t be able to do anything. Even the WebTrader won’t open until the account is verified. The only thing you can do is open a new demo account.
For some reason, TiBiGlobe does not disclose the specific list of supported payment methods. Even in the personal cabinet, you can’t view this information. Only on the homepage can you see the logos of Visa/Mastercard.
Our Trading Experience With TiBiGlobe
The trading platform used here is MetaTrader 5, and that’s true. We were able to connect to the brokerage company using this software with the login details sent via email. It’s safe to say the broker isn’t lying about the terminal from MetaQuotes. Additionally, the terminal is available on all devices, not only in WebTrader format but also for iOS/Android and PC. Download links are also provided on the website.
We won’t delve into the features and advantages of MetaTrader 5 right now, as it’s a well-known and popular terminal among forex traders. Almost all legitimate brokers use this platform. Finding instructions, both text and video, on the internet is easy.
This software has both strengths and weaknesses. For example, in many reviews from experienced traders, there’s mention of “manipulated quotes”. Companies that allow trading through MetaTrader can artificially manipulate the charts to suit their needs, but we’ll discuss this later when we examine the platform’s business model.
The Reality Check
Now, let’s move on to more important aspects of this TiBiGlobe review. We need to check the legitimacy of the firm, as this is the most crucial factor. First, you need to ensure the company is genuinely operating and holds the necessary licenses before studying its trading conditions and offers.
The headquarters is located in Africa, and the firm’s activities are regulated by the FSCA. This company was registered back in 2018, so it does indeed exist. However, does this provide any guarantees? Very minimal ones. The issue is that the FSCA is not a serious regulator that should be considered a controlling body for a brokerage intermediary.
Strangely, TiBiGlobe doesn’t have a license from CySEC, even though the website also lists an address in Cyprus. Having oversight from the CySEC would add credibility to the firm, but unfortunately, it turns out the company lacks serious regulation. It’s essential to pay attention to regulators like ASIC, CySEC, FCA, BaFin, FINMA, or SEC — these are the serious government regulators.
How Long Has TiBiGlobe Been in the Game?
The company has been in the game since 2018 — or at least, it was registered with the FSCA in 2018. However, the domain tibiglobe.com was only created in 2022, and there are surprisingly few reviews online for a company supposedly operating for six years. Comments only started appearing in 2024. The account on X (formerly Twitter) was registered in 2023, and the first post on Instagram was made in 2024.
What was the firm doing all this time? Perhaps it wasn’t active? Or maybe it had a different domain? But then why are there so few reviews? Does this not raise concerns? It seems like there might be something off here.
Extra Fraud Indicators
We promised to return to the business model aspect of this TiBiGlobe review, and here we are. The company operates on a 100% B-Book business model. What does this mean? It means that the platform profits when clients lose money. Genuine intermediaries earn through commissions, but a dealing desk like this only makes money when traders lose.
How can you tell if you’re dealing with a dealing desk? Here are some indicators:
- High leverage of 1:500.
- Lack of information about liquidity providers.
- The broker doesn’t disclose its business model.
Is TiBiGlobe the Right Fit?
Although the firm isn’t illegal, it’s still best to stay away from it. The company has been around for a few years but has failed to earn the trust of traders. It lacks serious regulation and the reputation of a safe intermediary. TiBiGlobe is a very risky dealing desk that could cause you to lose your money.
I traded here for two weeks. I can definitely say it’s not profitable. The spreads are huge. There’s no point in choosing an account with zero commissions because you’ll suffer from enormous bid/ask spreads. And if you opt for accounts with commissions, they are high — $6 per lot. That’s very, very expensive! If you want to trade at $3 per lot, you need a minimum of $5,000. The company is essentially trying to extract as much money as possible from its clients. Even though the terminal is MetaTrader 5, it still lagged and sometimes shut down on its own. It seems to depend on the firm as well. Overall, I didn’t enjoy trading here. Maybe someone who can afford the top-tier account can trade under these conditions and make money, but it’s impossible on the other accounts.
Don’t even try! They wipe out profits and then zero out accounts! It’s not in their interest for traders to make money. So when a client makes a successful trade, they erase the profit. Read the reviews — you’ll see how traders had all their profits taken away. Is this normal? No! And there are also problems with withdrawing funds.