TFIFX Forex broker specializes in providing foreign exchange trading services, the company's official website https://tfifx.com/open-account/, the company's legitimate regulatory information CyprusCYSECMarket Making(MM), to enhance the security of the company's address 27 Pindarou, Alpha Business Center – Block A, 3rd Floor, 1060 Nicosia, Cyprus.
TFIFX Forex Broker
Basic information
Cyprus
10-15 years Regulated in Cyprus Market Making(MM) MT4 Full License Global BusinessCompany profile
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
| Pros | Cons |
| Regulated by CySEC | Limited tradable instruments |
| Low spreads on major currency pairs | No Islamic or demo accounts mentioned |
| Advanced MT4 trading platform | Inactivity 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.
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 | ❌ |
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
| Non-trading Fees | |
| Deposit Fee | Free (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 Fee | USD 30 per year (charged for dormant accounts) |
Trading Platform
| Trading Platform | Supported | Available Devices | Suitable for what kind of traders |
| MetaTrader 4 (MT4) | ✔ | iOS, Android, Windows, Mac | Traders seeking advanced charting, technical analysis, and automated trading tools |
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. Deposit | Fees | Processing Time |
| Bank Wire Transfer | Not Mentioned | Intermediary bank fees may apply | 1-3 Business Days |
Withdrawal Options
| Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
| Bank Wire Transfer | Not Specified | - SEPA: 0.15% (min 5 EUR, max 10 EUR) | 1-3 Business Days |
| - SWIFT: 25 EUR / 30 USD or equivalent |
HUI92
Japan
TFIFX's 24/5 treasury access? That's super convenient. Their straightforward risk warnings and wide reach is impressive.
Positive
2024-05-16