Score

1.55 /10
Danger

Tifia

Vanuatu

5-10 years

Suspicious Regulatory License

Suspicious Scope of Business

Vanuatu Retail Forex License Revoked

High potential risk

C

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Comparison

Quantity 8

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.34

Risk Management Index0.00

Software Index4.00

License Index0.00

The WikiFX Score of this broker is reduced because of too many complaints!
Open Account
Website

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

open now

Regulatory disclosure

Danger

ID BAPPEBTI
2022-02-02
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Danger

MY SCM
2021-01-01

Broker Information

More

Company Name

Tifia Markets Limited

Company Abbreviation

Tifia

Platform registered country and region

Vanuatu

Company website

Company summary

Pyramid scheme complaint

Expose

Check whenever you want

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Warning: Low score, please stay away! 4
Previous Detection : 2024-12-22
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The number of the complaints received by WikiFX have reached 6 for this broker in the past 3 months. Please be aware of the risk and the potential scam!

WikiFX Verification

Pyramid scheme complaint
Expose
    Tifia · Company summary

    General Information & Regulation

    Founded in 2014, the broker is headquartered in the Republic of Vanuatu but has offices in Thailand, Spain, Indonesia and Nigeria. Tifia is owned and operated by Tifia Markets Limited Group of Сompanies, which includes: Tifia Markets Limited, registered as Global Business Corporation and regulated by the Financial Services Commission (FSC) of the Republic of Mauritius as Investment Dealer (Full Service Dealer, excluding underwriting) with license number No. GB19024824. Registered company address: C/o Credentia International Management Ltd, Silicon Avenue, 40 Cybercity 2nd Floor, Suite 207, The Catalyst, 40 Cybercity 72201 Ebene, Mauritius; Tifia Markets Limited is licensed as a “Dealer in Securities”(registration number 40209) by the “Ministry of Finance and Economic Management”and regulated in accordance with the “Dealers in Securities (Licensing) Act [CAP.70]”of the Republic of Vanuatu. Registered company address: Govant Building, BP 1276 Port Vila, The Republic of Vanuatu. Tifia Markets Limited does not provide service to the citizens (residents) of the United States of America, Canada, Israel, Belgium, Japan, Mauritius and the Republic of Vanuatu.

    Tifia Market Instruments

    Tifia's traders have access to the following trading assets: Сurrencies (majors, minors, including the most popular exotic currencies), metals (gold, silver, and other metals), Stock Indices (the major world market indices), crude Oil (US Crude and UK Brent).

    Tifia Minimum Deposit

    Tifia offers thrre trading accounts in total: the Start, the ECN Classic and the ECN Pro accounts. The minimum deposit to open a start account is as low as $10, which is affordable for most traders. The ECN Classic account requires an initial deposit of $100, while the ECN Pro account requires a relatively high deposit of up to $500.

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    Tifia Leverage

    In respect to trading leverage, the maximum leverage level offered by Tifia is up to 1:1000, which is considered way too high. Inexperienced traders should not use such high leverage level in case of heavy fund losses.

    Spreads & Commissions

    The spread for Micro accounts is 2.6 pips for EURUSD, 2.7 pips for GBPUSD, 4.1 pips for Gold, and 7.3 pips for Silver, with no commission. The minimum spread for the ECN Pro account is 0 pips for EURUSD, 0.1 pips for GBPUSD, 0.9 pips for USOil, 0.8 pips for UKOil, 0.2 pips for Gold, and 2.9 pips for Silver, and the commission is $8 per lot.

    Trading Platforms

    Tifia Provides both MT4 & MT5 tradding platforms for its investors. MT4 trading platform is the most popular trading and analysis platform on the Forex market, with high efficiency and reliability, full functionality, an intuitive and easy-to-use interface, supporting automated trading. Users are free to download MT4 for Windows, MT4 for Android, MT4 for MAC, and MT4 for iPhone/iPad to trade. MT5 trading platform is also a powerful, advanced and versatile Forex trading platform that allows traders to trade with any of the tools offered by Tifia brokers, perform comprehensive fundamental and technical analysis, and monitor financial assets. TIFIA clients can download the MT5 trading terminal to their computers or install MT5 for Android and iOS.

    Tifia Trading Tools

    Apart from trading platforms, Tifia also provides some trading tools to help traders smooth their trading process. Trading tools available on the Tifia platform include virtual private server (VPS), Social Trading, Economic Calendar, Financial Market & Analysis (Market Review, Technical Analysis, Fundamental Analysis), Claws & Horns Analysis, Forex Calculator.

    Tifia Deposit & Withdrawal

    TIFIA accepts traders to fund their accounts through payment methods including wire transfer, VISA/MASTERCARD, Skrill, Perfect Money, FasaPay, NETELLER, local deposits, bitcoin transfers, deposits without paying any commission. Traders need to pay a minimum fee of $35/€30 for withdrawals via wire transfer, $4/€ for VISA/MASTERCARD withdrawals, 1% for Skrill withdrawals, 2% for NETELLER withdrawals, and 0.50% for Perfect Money withdrawals, 0.50% for withdrawals via FasaPay. Tifia reimburses the commission for withdrawals made via the Local payment method.

    image.png

    Customer Support

    Tifia chat support attendants are available 24/5 whilst the client support desk works from 9am to 6pm; Mondays to Fridays. Each support representative location has its own channels of communication. Generally, email and a Facebook page are available for each of the official representatives in Thailand, Indonesia, Spain and Nigeria. The Indonesian and Nigerian offices also have additional options of WhatsApp, Skype and phone support.

    News

    NewsWikiFX News: TIFIA's Affiliate Contest for Philippine Partners

    The largest affiliate commission in the market and additional rewards - that’s what working with Tifia means!

    WikiFX
    2022-07-14 11:00
    WikiFX News: TIFIA's Affiliate Contest for Philippine Partners

    ExposureLatest news about TIFIA: victim’s withdrawal request has been erased

    In a previous article, WikiFX discussed a case about one Vietnamese trader who exposed the problem of withdrawal refusal of TIFIA. This broker, TIFIA, terminated its services on May 30, 2022, and rejected this trader's request for money withdrawal on various grounds, which causes this trader to lose control of his money eventually. In desperation, the trader exposed TIFIA's actions to WikiFX, hoping WikiFX would assist him to find a solution. Recently, WikiFX received an update on TIFIA. This Vietnamese trader told WikiFX that TIFIA had delayed the duration of withdrawal, even worse, it had removed this trader’s application for withdrawal request from TIFIA's website. WikiFX takes you through TIFIA and its money game if you don't want to miss out.

    WikiFX
    2022-07-04 19:00
    Latest news about TIFIA: victim’s withdrawal request has been erased

    NewsA Vietnamese trader cannot withdraw funds as TIFIA ends its services on 30 May 2022

    Founded in 2014, TIFIA is an online broker headquartered in the Republic of Vanuatu but has offices in Thailand, Spain, Indonesia, and Nigeria. Recently TIFIA stopped its forex trading services on 30 May 2022 for some reason, which causes economic losses to its clients. One investor from Vietnam told WikiFX that he could not withdraw money from this broker since TIFIA stopped responding to him and providing any service. This victim eventually asked WikiFX for help. In this article, the victim exposed the process of how TIFIA took a trader’s money away without giving a proper reason.

    WikiFX
    2022-06-27 17:47
    A Vietnamese trader cannot withdraw funds as TIFIA ends its services on 30 May 2022

    NewsHappy Eid al-Fitr 2022 And Enjoy The Ramadan Charity By Tifia

    Tifia team congratulates you on Eid al-Fitr with pure thoughts, good deeds and constant spiritual growth! May peace, harmony and joy settle on your soul. May all prayers be heard and fulfilled. May peace and tranquility always live in the house, and your relatives stay healthy and happy!

    WikiFX
    2022-05-04 14:08
    Happy Eid al-Fitr 2022 And Enjoy The Ramadan Charity By Tifia

    User Reviews

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    User comment

    4

    Comments

    Write a review

    FX1230780388
    more than one year
    Tifia is not helping people like me with mental health and disabilities. I think Tifia has been 'abusing' my mental health for profit for themselves. I will never trade with them again!
    Tifia is not helping people like me with mental health and disabilities. I think Tifia has been 'abusing' my mental health for profit for themselves. I will never trade with them again!
    Translate to English
    2023-02-20 18:33
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    小莉【10月飞普吉岛
    more than one year
    Muy mala plataforma, estafó a mi amigo más de 4000 dólares! ¡Este es su salario durante dos meses! ¿Puede wikifx ayudarnos a recuperar nuestros fondos?
    Muy mala plataforma, estafó a mi amigo más de 4000 dólares! ¡Este es su salario durante dos meses! ¿Puede wikifx ayudarnos a recuperar nuestros fondos?
    Translate to English
    2022-11-27 11:11
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    0
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    8