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TSH

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Operating status: SCAM

Website: https://tshexchange.com/index.html

Broker violations and abnormal records
  • 2023-08-03 The UK FCA issues a warning against TSH

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against TSH, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/tsh-transaction-services-holdings

    On August 4, 2023, the Financial Conduct Authority (FCA) issued a warning against TSH, believing this broker might be providing financial services or products without proper authorization. https://www.fca.org.uk/news/warnings/tsh-transaction-services-holdings
  • 2023-08-06 BrokersView has reviewed that TSH is an unregulated broker

    TSH claims to be operated by Transaction Services Holdings, a company licensed by the Australian Securities and Investments Commission (ASIC). While we did find a company in the register of ASIC called Transaction Services Holdings Limited, there are two points that raise suspicious about TSH's legitimacy. Firstly, the license of the ASIC-registered company doesn't authorize it to offer services/products in forex/derivatives trading and brokerage. Secondly, the ASIC-registered company has its own domain which is different from TSH's.

    Furthermore, TSH claims to have license from the Monetary Authority of Singapore (MAS), which is unfounded as we didn't find any matching records in the MAS registry. Since TSH claims to be located in New Zealand, we searched for it in the register of Financial Markets Authority (FMA) of New Zealand. However, no corresponding entries exist, either.

    Additionally, the Financial Conduct Authority (FCA) has issued a warning against TSH, cautioning the public of this unauthorized firm.

    In essence, TSH is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

    TSH claims to be operated by Transaction Services Holdings, a company licensed by the Australian Securities and Investments Commission (ASIC). While we did find a company in the register of ASIC called Transaction Services Holdings Limited, there are two points that raise suspicious about TSH's legitimacy. Firstly, the license of the ASIC-registered company doesn't authorize it to offer services/products in forex/derivatives trading and brokerage. Secondly, the ASIC-registered company has its own domain which is different from TSH's.Furthermore, TSH claims to have license from the Monetary Authority of Singapore (MAS), which is unfounded as we didn't find any matching records in the MAS registry. Since TSH claims to be located in New Zealand, we searched for it in the register of Financial Markets Authority (FMA) of New Zealand. However, no corresponding entries exist, either.Additionally, the Financial Conduct Authority (FCA) has issued a warning against TSH, cautioning the public of this unauthorized firm.In essence, TSH is not regulated by any governing body. Entrusting this broker with investors' funds is highly risky, as there are no legal protections in place to safeguard the funds. It is unequivocally a scam.

Related Complaints

Q&A

Greetings, Could you tell me about license of TSH? Best Regards.

JimCoolinz
Brazil
2023-08-29
ANSWER Upon our investigation, TSH has got no license for legally providing financial services or products.TSH claims to be operated by Transaction Services Holdings, a company licensed by the Australian Securities and Investments Commission (ASIC). Although we did find a company in the register of ASIC of that name, two points raise suspicions about TSH's legitimacy. First, the ASIC-registered company is not authorized to engage in forex/derivatives trading and brokerage. Second, the ASIC-registered company has its own domain which is different from TSH's.Aside from the above situation, TSH's claim that it is licensed by the Monetary Authority of Singapore (MAS) is unfounded, as we have been unable to find any matching records in the MAS registry. Similarly, there isn't any indication that TSH has been registered with the Financial Markets Authority (FMA) of New Zealand.Therefore, TSH's assertion regarding its regulatory status is false.More importantly, the Financial Conduct Authority (FCA) has issued a warning against TSH, identifying the platform as an unauthorized firm.As such, due to its fraudulent nature,  we strongly suggest investors stay away from TSH. A fully regulated alternative might be safer.
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