In the dynamic landscape of global financial markets, particularly the Forex market, access to sufficient capital has always been one of the main obstacles for traders, especially Iranian traders. In this context, Proprietary Trading Firms (Prop Firms) have emerged as a novel solution. These firms, by providing capital to qualified traders, enable them to trade on a larger scale and share in the resulting profits. Tamin Sarmaye is one of the names that has emerged in Iran as a provider of prop trading services, stating its goal as facilitating the entry of Iranian traders into this arena. Reports and information available on the web indicate that Mr. Mehrdad Azad, as the principal figure and CEO, is in charge of the operations of this prop trading entity in Iran.
This article provides an in-depth and unbiased analysis of the services, plans, conditions, potential advantages, and disadvantages of collaborating with Tamin Sarmaye as a prop trading firm. Our goal is to provide information that helps you, as a trader, make an informed decision about choosing or not choosing this entity with an open and knowledgeable perspective.
Overall Profile Table of Tamin Sarmaye Company (Prop Firm)
| Title | Description |
| Company Name (Brand active in Iran) | Tamin Sarmaye |
| CEO/Key Person (Reported) | Mr. Mehrdad Azad (for operations in Iran) |
| Approximate Start Year of Activity in Iran | 1401 Solar Hijri / 2023 AD (Based on reports from March 2023) |
| Service Introduction Website | https://taminesarmaye.com/ |
| Main Operational Platform | https://tspfxb.com/prop/ (Affiliated with TspFxb Ltd) |
| Registered Entity of Operational Platform | TspFxb Ltd (Registered in Saint Lucia, Registration No. 2025-00274, Declared incorporation date April 14, 2025 – Serious point of ambiguity) |
| Nature of Services | Prop Trading; Providing challenge trading accounts in financial markets (mainly Forex). The entity describes itself as an “educational and simulation platform.” |
| Main Target Market | Iranian traders |
| Main Evaluation Plans | Two-stage, Single-stage, Turbo, Rocket, Auto |
| Profit Share with Trader (Declared) | Up to 80% to 90% (after success and specified time periods) |
| Supported Trading Platforms | MetaTrader 4 (MT4), MetaTrader 5 (MT5), Match Trader |
| Main Profit Withdrawal Methods | Rial, Tether (USDT via networks like BEP20) |
| Key Positive Points (User Reports) | Relatively reasonable challenge costs, general reports of profit payouts, support via Telegram, plan diversity. |
| Key Negative Points and Major Risks | Serious legal and regulatory ambiguity; Contradiction in the main platform’s service policy for Iranians; Lack of complete corporate transparency; Suspicious incorporation date of TspFxb Ltd; Reports of frequent broker changes; Emphasis on “educational and simulation” nature. |
| Regulatory Status in Iran | Prop firms in Iran lack a direct and specific regulatory framework from official financial institutions. |
Nature of Tamin Sarmaye’s Activity: Prop Trading vs. Investment Banking
First and foremost, a precise understanding of Tamin Sarmaye’s nature of activity is essential. The name “Tamin Sarmaye” (which can translate to Capital Provision or Investment Banking) might, for some, evoke traditional Investment Banks that operate under the supervision of official financial institutions like the Securities and Exchange Organization and provide services such as underwriting, M&A advisory, and offerings.
However, investigations show that the Tamin Sarmaye in question is a prop trading firm. The main difference is that prop firms in Iran are generally not subject to a specific and codified regulatory framework similar to investment banks. This has significant implications regarding risk and legal protections for users, which will be discussed in detail later.
Operational Connection and Legal Framework: A Look at the Infrastructures
Research into Tamin Sarmaye’s operational framework indicates that its services are provided through an international platform named TspFxb Ltd. This entity presents itself as an International Business Company (IBC) registered in Saint Lucia with registration number 2025-00274 and a business address in Podgorica, Montenegro. A noteworthy point in this company’s registration information is the declared incorporation date (April 14, 2025), which, at the time of writing this text, lies in the future and is considered a serious point of ambiguity (Red Flag).
But the most important and concerning part of this legal framework is a clause explicitly stated on the website of the platform provider (TspFxb Ltd), which declares that this company does not provide services to residents of certain countries, including Iran. This is in complete contradiction to Tamin Sarmaye’s activities, which clearly targets Iranian traders and conducts all its interactions in Persian. This blatant contradiction creates significant legal risks for Iranian users, as seeking legal recourse on a platform that explicitly prohibits servicing the user’s country can be very challenging.
Furthermore, Tamin Sarmaye, in line with many other prop firms, emphasizes in its documents and on its website that the provided platform is “merely an educational and financial market simulation platform and should not be mistaken for real investment services. Any profit earned on this platform is a reward for performance in the simulated environment.” This disclaimer helps companies evade the strict obligations and oversight that govern real financial institutions and must be carefully considered by users.
Types of Tamin Sarmaye Plans and Their Key Features
Tamin Sarmaye offers a diverse range of plans to meet the different needs and trading styles of traders. These plans are mainly defined in the form of evaluation challenges:
- Two-Stage Plans:
- Structure: The trader must successfully pass two evaluation phases.
- Requirements: Achieving a specific Profit Target (e.g., 8% in the first stage and 4%-5% in the second) while adhering to the Daily Drawdown limit (usually 5%) and the Overall Drawdown limit (usually 10% or 12%).
- Outcome: Upon success, a real account with a specified capital (from approximately $1,500 to $50,000, and sometimes more) is provided to the trader.
- Other Features: Usually includes a minimum number of trading days to complete each stage.
- Single-Stage Plans:
- Structure: There is only one evaluation stage.
- Requirements: The profit target in these plans is usually higher (e.g., 6%-10% or 12%), and the rules regarding drawdown may be stricter.
- Suitable for: More experienced traders looking for faster access to a real account.
- Special Plans (such as Turbo, Rocket, Auto):
- Structure: These plans may be designed for specific trading styles (such as short-term trading or using automated systems).
- Features: Specific conditions regarding profit targets, loss limits, leverage, and timeframes may apply.
Other Important Features of the Plans:
- Profit Split: One of the most attractive aspects of prop firms is the profit split. Tamin Sarmaye typically offers a profit split ratio of around 80% to 90% (after several months of successful performance) for the trader.
- Leverage: The leverage provided varies depending on the plan type and the broker used, and is generally more conservative than that offered by direct brokers (e.g., 1:30, 1:50, or 1:100).
- Challenge Fee Refund: In most plans, after successfully passing the challenge and making the first profit withdrawal from the real account, the initial fee paid to participate in the challenge is refunded to the trader.
- Trading Platforms: Support for common platforms such as MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as Match Trader, is available.
- Profit Withdrawal Methods: The ability to withdraw profits in Rial and via the cryptocurrency Tether (USDT), especially using low-cost networks like BEP20 (Binance Smart Chain), is a significant advantage for Iranian users.
Tamin Sarmaye Trading Plans Comparison Table
| Feature | Two-Stage Plan | Single-Stage Plan | Turbo Plan | Rocket Plan | Auto Plan |
| Account Balances | $3,000 to $50,000 | $3,000 to $50,000 | $1,500 to $50,000 | $1,000 to $25,000 | Similar to other plans (likely $3,000 and up) |
| Cost (Sample) | Variable by balance | $20 for $1.5K account | $21 for $1.5K account | Variable by balance | Variable by balance |
| Challenge Stages | Two stages | One stage | Two stages | No challenge (direct real account) | Two stages |
| Profit Target | Stage 1: 8%, Stage 2: 4% | 6% | Stage 1: 8%, Stage 2: 4% | N/A (Direct Real) | Stage 1: 8%, Stage 2: 4% |
| Daily Drawdown | 5% | 2% (fixed, relative to initial balance) | 5% | 5% | 5% (from start-of-day balance) |
| Overall Drawdown | 12% | 6% | 12% | 10% | 12% (from initial balance) |
| Min. Trading Days | 3 or 5 days | 3 or 5 days | 1 day | N/A (Direct Real) | 3 days |
| Challenge Time Limit | Stage 1: 30 days, Stage 2: 60 days | No max trading day limit. | 30 days. No max trading day limit. | No max trading day limit. | N/A (Direct Real). No max trading day limit. |
| Profit Split (Trader) | 80% (after challenge 85%, after 3 months up to 90%) | 80% (similar to Two-Stage) | 60% or 80% (selectable) | Gradual: 10% -> 20% -> 60%. Up to 60% after 25% profit. | 80% (similar to Two-Stage) |
| Fee Refund | 125% (25% after stage 1, 100% with first withdrawal) | 125% (similar to Two-Stage) | Weekly: 100% (with 3rd withdrawal). 14 & 30 day: 125% | N/A | 125% (similar to Two-Stage) |
| Specific Rules | FLR (Floating Loss Risk), MDL (Max Deposit Load) on real account | Floating risk rule & 2% floating risk not required. | Floating risk rule 3% | MDL or floating risk rules waived in challenge & real. | |
| Leverage | Forex 1:100, other symbols 1:50, Crypto 1:10 | Similar to Two-Stage | Forex 1:50, Gold/Metals 1:30, Indices 1:20, Oil/Energy 1:10, Crypto 1:2 | Similar to Turbo (likely) | Forex 1:100, other symbols 1:50, Cryptocurrencies 1:10 (default if auto) |
User Feedback and Experiences: A Look at Strengths and Weaknesses
Reviewing the experiences and opinions published by users who have worked with Tamin Sarmaye reveals a set of strengths and weaknesses:
Reported Strengths:
- Competitive Costs for Challenges: Many users have assessed the cost of participating in Tamin Sarmaye’s challenges as fair and competitive compared to some other active prop firms.
- Profit Payout Process: One of the main concerns for traders is ensuring the payment of earned profits. General reports indicate that the profit payout process at Tamin Sarmaye, after meeting the conditions, generally proceeds without major issues.
- Support and Responsiveness: The existence of active communication channels, especially on the Telegram messenger, and efforts to answer user questions are among the positive points mentioned.
- Diversity in Plans and Withdrawal Methods: Offering diverse plans and the ability to withdraw profits in Rial and Tether provide more choices for Iranian users.
- Reasonable Minimum Trading Days: The requirement for a relatively small number of trading days to complete challenge stages helps expedite the evaluation process.
Reported Weaknesses and Concerns:
- Frequent Changes in Partner Brokers: One of the most common criticisms is the frequent changes in the brokers Tamin Sarmaye collaborates with. These changes can lead to fluctuations in execution quality, spreads, commissions, and even incompatibility of some strategies or Expert Advisors (trading robots).
- Lack of Complete Transparency in Corporate and Legal Information: As mentioned earlier, ambiguities regarding the company’s official registration in Iran and precise legal and regulatory details have raised concerns for some users. The lack of easy access to detailed “Terms and Conditions” or “About Us” pages on the company’s main website exacerbates these concerns.
- Specific Trading Restrictions:
- Leverage Level: Some users have found the provided leverage level to be low relative to their strategic needs.
- Strict Rules in Some Plans: For example, rules regarding fixed daily drawdown (without considering profits earned on the same day) in some single-stage plans can be challenging.
- Prohibition of Trading on Certain Days: The inability to trade on Saturdays is a limitation for some traders.
- History of Temporary Service Suspension: There have been reports of short-term service suspensions in the past, which can raise questions about long-term operational stability.
- Account Growth Cap: The existence of a cap on account growth in some plans (e.g., a growth limit of up to 40% or a specific amount) may be restrictive for highly successful traders with long-term goals.
- Quality of Support Responsiveness in Some Cases: Despite the active support team, some users have complained about waiting times for responses to tickets or the lengthy process of account reviews.
Key Terms and Conditions in Collaborating with Prop Firms (including Tamin Sarmaye)
Familiarity with the following rules is essential for anyone intending to collaborate with a prop firm:
- Drawdown Rules:
- Maximum Daily Drawdown: The maximum loss an account can incur in a single trading day (usually 24 hours from market open). Violating this rule results in disqualification from the challenge or closure of the real account.
- Maximum Overall/Total Drawdown: The maximum loss an account can incur from the start of the challenge or from the highest equity achieved. This rule is also critical.
- Important Note: How drawdown is calculated (fixed from initial balance or trailing from highest equity) should be carefully reviewed.
- Profit Target: The minimum amount of profit that must be achieved in each stage of the challenge for success.
- Minimum and Maximum Trading Days: Some plans have a minimum number of active trading days, while others have a time limit for completing the challenge.
- Restrictions Related to News Trading: Trading during major economic news releases may be prohibited or subject to specific conditions (such as not being able to open or close trades a few minutes before and after the news) in some prop firms.
- Use of Expert Advisors (EAs): Rules regarding the use of EAs vary. Some companies allow the use of all EAs, some impose restrictions, and others prohibit their use entirely.
- Prohibited Trading Styles: Strategies such as latency arbitrage, hedging between different accounts, or using very high-risk Martingale methods may be prohibited.
Step-by-Step Process to Start Collaborating with Tamin Sarmaye
- Research and Plan Selection: The user must carefully review the features of each plan and choose an option that aligns with their trading style, risk tolerance, and investment goals.
- Registration and Fee Payment: After selecting a plan, the registration process on the website and payment of the challenge participation fee are completed.
- Participation in the Evaluation Challenge: The user receives the credentials for a demo (simulated) account and begins trading according to the rules of the selected plan.
- Know Your Customer (KYC) Verification: Usually, after successfully passing the challenge and before receiving a real account or the first profit withdrawal, the identity verification process is carried out by providing identification documents.
- Receiving a Funded Account: After successfully completing all stages and verifying identity, a real account with the committed capital is provided to the trader.
- Trading and Profit Withdrawal: The trader can trade on the real account in compliance with the rules and submit a profit withdrawal request according to the company’s schedule and conditions.
Risk Analysis and Critical Considerations for Iranian Users
Collaborating with any financial institution, especially internationally and in emerging fields like prop trading, requires a careful assessment of risks. Regarding Tamin Sarmaye, Iranian users should pay special attention to the following:
- Widespread Legal and Regulatory Ambiguities:
- Lack of a Specific Regulatory Framework in Iran: Prop firms in Iran are generally not under the direct and codified supervision of official financial institutions. This means limited access to official support and dispute resolution mechanisms within the country.
- Contradiction in the Main Platform’s Service Declaration: The explicit declaration by the TspFxb Ltd platform of not providing services to residents of Iran is a very serious legal risk and a fundamental contradiction. This could weaken the validity of any contract or agreement for Iranian users from an international legal perspective.
- Ambiguity in TspFxb Ltd’s Registration Information: The futuristic incorporation date and registration in an offshore jurisdiction with lenient tax and regulatory laws add to the complexity and ambiguities.
- Lack of Transparency Regarding Tamin Sarmaye’s Domestic Registration: The absence of transparent and verifiable information about the official registration of “Tamin Sarmaye” as an independent legal entity in Iran (such as providing a national ID for the company or a valid e-commerce trust symbol) is a weakness in transparency.
- Nature of “Educational and Simulation Platform”: Repeated emphasis on this nature could be a way to evade responsibilities associated with a real investment service. Users should be aware that within this framework, paid profits are considered “performance rewards” rather than “investment returns.”
- Operational Risks: Issues such as frequent broker changes, server stability, quality of trade execution, and overall platform stability are all operational risks that can negatively impact a trader’s performance.
- Dependence on the Decisions of a Foreign Entity: Ultimately, the fate of the account and the provided capital (even if considered virtual) is in the hands of a company whose headquarters and registration are outside Iran and which has explicitly stated it does not serve Iranians.
Final Conclusion: Opportunity Alongside High Risk
Tamin Sarmaye, like other prop firms, can offer an opportunity for Iranian traders to operate in global markets with capital beyond their personal financial capacity and test their skills in a practical environment. The possibility of earning income in dollars and attractive profit sharing are among the main motivations for turning to these companies.
However, this opportunity is accompanied by very significant and multi-layered risks. Serious ambiguities in the legal and regulatory framework, the blatant contradiction in the main platform’s service policy for Iranian users (the company that is apparently the main service provider and managed for the Iranian market by Mr. Mehrdad Azad), the “educational and simulation platform” nature of the services, and the lack of complete transparency in some corporate aspects, are all factors that every Iranian user must evaluate with extreme care.
Key Recommendations Before Taking Any Action:
- Comprehensive and Independent Research: Do not rely solely on advertising information.
- Full Understanding of the Rules: Carefully study all rules related to the selected plan, especially those concerning drawdown and trading restrictions (if complete and transparent rules are accessible from the company).
- Personal Risk Assessment: Only consider an amount for the challenge fee that you can afford to lose without it seriously impacting your financial situation.
- Attention to Red Flags: Take the ambiguities mentioned in this article seriously, especially the contradiction in servicing Iranians and the suspicious incorporation date of the main platform.
The decision to collaborate with Tamin Sarmaye is a personal choice, but this choice must be based on full awareness of all aspects, especially the acceptance of the significant existing risks. Greater transparency from the company and the resolution of legal ambiguities could help increase user trust, but until then, caution is advised.