Tamam Review

Account types

About Tamam

Tamam is presented as a brokerage firm headquartered in Uganda with a contact address at George Courts, Level 2, Nile Ave./Hannington Rd, Kampala. The company operates online via tamambrokerage.com. According to its own materials, it indicates registration under the Saint Vincent and the Grenadines Financial Services Authority (SVG FSA) with number 2144. It should be noted that the SVG FSA does not regulate or license forex/derivatives brokers, but instead provides company registration services without investment supervision.

The broker lists three account types. The TBS Standard Account requires a minimum deposit of 10 USD, offers a maximum leverage of 1:1000, and charges no commission. The TBS Cent Account also starts from 10 USD with maximum leverage of 1:1000 and no commission. The TBS Pro Account requires 500 USD as minimum deposit, provides up to 1:400 leverage, and charges a commission of 1.5 USD. Across these accounts, the broker’s own specifications state “No” for swap-free/Islamic accounts, negative balance protection, hedging, scalping, and the use of Expert Advisors.

Pros and cons

Pros

• Different account types available, including entry-level accounts with a 10 USD minimum deposit.
• Commission-free options (Standard and Cent accounts).

Cons

• Registered in Saint Vincent and the Grenadines, which has no forex regulatory oversight.
• Very high leverage levels up to 1:1000.
• No swap-free, hedging, scalping, Expert Advisors, or negative balance protection according to the broker’s own specifications.