TFIFX

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.

Pros and Cons

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.

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.

Account Types

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

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.

Non-Trading Fees

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

Withdrawal Options