Home -
TFIFX -

Score

7.70 /10
Good

TFIFX

Cyprus

10-15 years

Regulated in Cyprus

Market Making(MM)

MT4 Full License

Global Business

https://tfifx.com

Add brokers

Comparison

Expose

Exposure

Open Account
Website

Score

Regulatory Index6.67

Business Index8.63

Risk Management Index9.87

Software Index9.32

License Index6.67

Open Account
Website

Licenses

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

Single Core

1G

40G

open now

Check whenever you want

Download App for complete information

WikiFX Verification

TFIFX · Company summary
TFIFX Review Summary
Founded2006
Registered Country/RegionCyprus
RegulationCySEC (License No. 117/10)
Market InstrumentsForex (Major and Commodity Pairs)
Demo Account/
Leverage/
Spread3-5 pips for major pairs
Trading PlatformMetaTrader 4 (MT4)
Min Deposit/
Customer SupportPhone: 80 000 100
Email: support@tfimarkets.com

TFIFX Information

TFIFX was founded in 2006 and is a CySEC-regulated broker that specializes in major and commodity currency pairings for forex trading. It caters to traders with different levels of experience by using the MetaTrader 4 (MT4) platform and providing competitive spreads.

TFIFX Information

Pros and Cons

Pros Cons
Regulated by CySECLimited tradable instruments
Low spreads on major currency pairsNo Islamic or demo accounts mentioned
Advanced MT4 trading platformInactivity fee for dormant accounts

Is TFIFX Legit?

TFIFX indeed acts as a regulated broker. The Cyprus Securities and Exchange Commission (CySEC) watches it over. Effective since April 14, 2010, TFIFX owns a Market Making (MM) license under license number 117/10.

Is TFIFX Legit?

What Can I Trade on TFIFX?

Major and commodity currency pairs among other trade instruments are available through TFIFX. Their products include of seven main pairs of currencies, which let traders engage in the most liquid worldwide marketplaces.

Tradable Instruments Supported
Forex (Major Pairs)✔
Forex (Commodity Pairs)✔
Indices❌
Commodities❌
Cryptocurrencies❌
Stocks❌
ETFs❌
What Can I Trade on TFIFX?

Account Types

TFIFX provides TFI Hedge Account and TFIFX Account as two main live trading accounts.

Account Types

TFIFX Fees

For most pairs including EUR/USD, GBP/USD, and USD/JPY, TFIFX spreads are competitive. Usually ranging from 3-5 pips. Although advanced accounts could have smaller spreads, particular information depends on the type of account.

Based on the market interest rate variances across currencies, swap fees—or income—are paid for overnight holdings. Daily estimated swaps vary depending on market volatility.

TFIFX Fees

Non-Trading Fees

Non-trading Fees
Deposit FeeFree (Intermediary bank fees may apply)
Withdrawal Fee (SEPA)0.15%, minimum 5 EUR, maximum 10 EUR (up to 50,000 EUR)
Withdrawal Fee (SWIFT)EUR 25/USD 30 or equivalent (unlimited amount, any currency)
Inactivity FeeUSD 30 per year (charged for dormant accounts)
Non-Trading Fees

Trading Platform

Trading PlatformSupported Available Devices Suitable for what kind of traders
MetaTrader 4 (MT4)✔iOS, Android, Windows, MacTraders seeking advanced charting, technical analysis, and automated trading tools
Trading Platform

Deposit and Withdrawal

Bank wire transfers are accepted for both deposits and withdrawals on TFI Markets. Depending on the region and type of transfer, the broker provides certain fees and processing periods.

Deposit Options

Deposit Options Min. DepositFees Processing Time
Bank Wire TransferNot MentionedIntermediary bank fees may apply1-3 Business Days

Withdrawal Options

Withdrawal Options Min. Withdrawal Fees Processing Time
Bank Wire TransferNot Specified- SEPA: 0.15% (min 5 EUR, max 10 EUR)1-3 Business Days
- SWIFT: 25 EUR / 30 USD or equivalent
Deposit and Withdrawal

User Reviews

More

User comment

2

Comments

Write a review

HUI92
more than one year
TFIFX's 24/5 treasury access? That's super convenient. Their straightforward risk warnings and wide reach is impressive.
TFIFX's 24/5 treasury access? That's super convenient. Their straightforward risk warnings and wide reach is impressive.
Translate to English
2024-05-16 11:12
Reply
0
0
XFHL
more than one year
TFIFX is the best forex and CFD broker for beginners, especially South African traders. The help I received during account setup via live chat was very good. The website itself is very user-friendly and easy to navigate. The educational materials are indeed very good and helpful. I suggest TFIFX add a margin calculator and pip value calculator on the website so beginners can calculate the risk/reward for the base currency.
TFIFX is the best forex and CFD broker for beginners, especially South African traders. The help I received during account setup via live chat was very good. The website itself is very user-friendly and easy to navigate. The educational materials are indeed very good and helpful. I suggest TFIFX add a margin calculator and pip value calculator on the website so beginners can calculate the risk/reward for the base currency.
Translate to English
2024-03-20 18:15
Reply
0
0