Tshan Markets

Tshan Markets claims to be an international financial trading platform offering forex, contracts for difference (CFDs), and precious metals trading services. However, a BrokerhiveX investigation revealed that the platform lacks any mainstream regulatory licenses and is registered only in an offshore jurisdiction, making its legal entity unclear. Our field testing in September 2025 revealed that while deposits were smooth, withdrawals were rejected and required additional funds, consistent with numerous user complaints. Combined with risk warnings from third-party media, Tshan Markets fully meets the characteristics of a typical fraudulent platform and is an extremely high-risk platform . Investors should be extremely vigilant and avoid it.

1. Company Background and Registration Information

Tshan Markets claims on its website to be an "international financial services provider," offering forex, contracts for difference (CFD), and precious metals trading. Our investigation revealed that the company is registered in an offshore jurisdiction (mostly St. Vincent or the Marshall Islands) and does not publicly disclose its company registration number or physical office address.

This means:

• Investors are unable to confirm its true legal entity.

• The platform may cancel or change the registered company at any time.

• Once financial problems occur, it is difficult for investors to protect their rights.

BrokerhiveX Comment : The company's background is vague, which is a high-risk signal.

II. Account and Fee Transparency

Tshan Markets claims in its promotional materials:

• Spreads as low as 0.0

• Multiple account options

• Fast deposits and withdrawals

But in reality:

• Undisclosed specific account type (Standard/ECN, etc.)

• No public spread and commission table

• Deposit and withdrawal fees are not transparent

In contrast, regulated platforms such as IC Markets and Pepperstone have comprehensive fee schedules.

BrokerhiveX Conclusion : The fee system lacks transparency.

III. Regulatory Verification

Check the results one by one:

• FCA (UK) : Not registered

• ASIC (Australia) : Not registered

• CySEC (Cyprus) : Not registered

• NFA/CFTC (US) : Not registered

• FINMA, SFC, MAS : No records

Third Party:

• WikiFX : Marked as “Unregulated”

• WikiBit : Displaying "High Potential Risk"

Conclusion : Tshan Markets is completely unregulated.

4. BrokerhiveX Personal Experience (September 2025)

• Account opening : Registration is extremely simple, only requires an email address, no mandatory KYC

• Deposit : Test deposit of 200 USDT (cryptocurrency), received in 40 minutes

• Trading : Order placement is delayed by 3–5 seconds, and quotes for some products deviate by more than 15 points.

• Withdrawal : I applied to withdraw 100 USDT, but was asked to add a minimum of 500 USDT to unlock it; the funds were not received.

Conclusion : Withdrawal is blocked, a typical scam of a black platform.

V. Third-party media and user complaints

• ForexPeaceArmy : A user complained about "funds being frozen and withdrawals failing."

• Reddit/Twitter : Some people claim that the platform used social media to attract customers to deposit funds, and then lost contact with customer service.

• WikiFX's review section is filled with negative comments such as "fraudulent platform" and "withdrawals refused."

6. Deposit and Withdrawal Risks

• Supports : Cryptocurrency, Wire Transfer

• Missing : Regulated payment methods such as Visa, Mastercard, PayPal, Skrill, etc.

• Risky tactics : Allowing small deposits, setting withdrawal thresholds, and inducing additional funds

Summary : Once funds enter the market, they lose their security.

7. Loopholes in Contract Terms

• Unilateral right to cancel a transaction

• The determination of abnormal transactions is ambiguous (the platform can freeze accounts at will)

• Excessive scope of liability exemption (complete exemption from liability for system errors and delays)

• Withdrawal restrictions (the company may delay or deny withdrawals)

Conclusion : The contract is heavily biased towards the platform.

8. Lack of investor protection

• No compensation fund (FSCS/ICF)

• No independent arbitration mechanism (AFCA/FOS)

• Long complaint cycle and lack of transparent channels

9. BrokerhiveX Risk Score

Overall Rating: 1.2/10 — Very High Risk

10. Comparison of Compliance Platforms

11. SEO FAQ

• Is Tshan Markets regulated? — No, it is completely unregulated and is registered offshore.

• Is Tshan Markets reliable? — No, it’s not. The risk is extremely high.

• Is it safe to withdraw funds from Tshan Markets? — No, withdrawals are blocked.

• Is Tshan Markets a scam? — Yes, it meets the typical characteristics of a scam.

12. Investor Rights Protection Path

1. Save all transactions and deposit receipts

2. Stop adding funds

3. Complaints to regulators (FCA, ASIC, CFTC/NFA)

4. Report to the police and try to find banks/crypto exchanges for assistance

5. Exposed in ForexPeaceArmy

13. BrokerhiveX Final Conclusion

Features of Tshan Markets:

• Offshore registration, no supervision

• Lack of transparency in accounts and fees

• Personal test withdrawal failed

• The contract is heavily biased towards the platform

• Lack of investor protection

• Media and users are unanimously negative

Overall conclusion: Tshan Markets is a typical high-risk fraudulent platform and should be completely avoided.