TFI Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-12-17 11:39

Abstract：TFI, the trading name of TFI Markets Ltd, started its financial business in 1996 mainly for business clients. It offers currency solutions such as currency payments, currency conversions and currency risk management. The API integration between the TFI system and the customer system allows for high-efficient currency trading.

TFI Review Summary
Founded	1996
Registered Country/Region	Cyprus
Regulation	FCA (revoked), CYSEC (suspicious clone)
Services	Currency Payments, Currency Conversions, Currency Risk Management
Customer Support	Live chat; contact form
	Tel: (+357) 22 749 800
	Fax: (+357) 22 817 496
	Head Office: 27 Pindarou, Alpha Business Center, Block A, 3rd Floor, 1060 Nicosia, Cyprus; P.O Box 16022, 2085, Nicosia, Cyprus
	Social media: LinkedIn, Facebook, YouTube

TFI Information

　　TFI, the trading name of TFI Markets Ltd, started its financial business in 1996 mainly for business clients. It offers currency solutions such as currency payments, currency conversions and currency risk management. The API integration between the TFI system and the customer system allows for high-efficient currency trading.

　　In addition, the company implements fund segreation and adheres to PSD2 Secure Customer Authentication guidelines to protect customer assets.

　　However, one thing worth noting is that the company operates under revoked FCA and suspicious CYSEC clone status, which are alarming red flags for clients about its reliability. And there are even two WikiFX exposures about withdrawal issues, further exacerbating its credibility.

Pros and Cons

Pros	Cons
Many years' industry experience	FCA revoked and suspicious CYSEC clone
Fund segregation	WikiFX exposures about withdrawal issues
API integration solution
Live chat support

Is TFI Legit?

　　TFI claims to be regulated by FCA (Financial Conduct Authority) and CYSEC (Cyprus Securities and Exchange Commission) with licenses numbering at 527167 and 117/10 respectively. However, the license status are “Revoked” for FCA and “Suspicious clone” for CYSEC, indicating that the broker's business activities might no longer comply with the regulatory requirements or have surpassed the authorized scope. You should be aware of this and take it into account when deciding to trade with this company.

Regulated Country	Regulator	Current Status	Regulated Entity	License Type	License Number
	FCA	Revoked	TFI Markets Ltd	European Authorized Representative (EEA)	527167
	CYSEC	Suspicious clone	TFI Markets Ltd	Market Making (MM)	117/10

Services

　　TFI Currency Solutions offers tailored services across three key categories: Currency Payments, Currency Conversions, and Currency Risk Management.

Currency Payments: Enables businesses to send and receive payments globally in multiple currencies through a free multi-currency account, with same-day transactions available at minimal or zero charges.

Currency Conversions: TFI provides competitive exchange rates with no commission, the ability to lock in rates, and a 24/5 online portal for streamlined currency management.

Currency Risk Management: These include customized strategies to mitigate market volatility, allowing businesses to lock in rates for up to one year to protect profit margins and enhance financial stability.

Fees

　　TFI charges rollover fees for unsettled forex transactions overnight, and a series fees for different tier of clients, such as account management fees, transactions fees, incoming and outward payment fees. You can visit below links for most updated details of these fees:

Tier 1: https://tfimarkets.com/uploads/legal/Fees%20%26%20Charges%20-%20Tier%201.pdf
Tier 2: https://tfimarkets.com/uploads/legal/Fees%20%26%20Charges%20-%20Tier%202%20(For%20Enhanced%20Due%20Diligence%20clients).pdf
Rollover fees:https://tfimarkets.com/rollover-fees/