After Verification:
Tecfinine Is Operated Through The Website Https://www.tecfinine.com/, The Domain Name Was Registered In 2019 And Is Located In Cyprus.
The Company Website Https://www.tecfinine.com/is Currently Defunct, Appears To Have Closed Down, And Details About The Company Are Not Immediately Available. Traders Are Advised To Pay Attention To The Risks In Case The Funds Are Damaged.
As For The Regulation, It Has Been Verified That Tecfinine Currently Has A Valid Regulatory License.
The Way You Can Contact Tecfinine Is By Email: Support@tecfinine.com, Or By Phone: + 357 25354112.
But Most Non-compliant Brokers Will Not Disclose To Provide Their Real Contact Information, Such As Phone Number Or Company Address.
Note:
Tecfinine As A Broker Without Effective Regulation Means That The Client's Investment May Not Be Adequately Protected. Due To The Lack Of A Regulator To Hold The Company Accountable, The Lack Of Regulation Increases The Risk Of Potential Financial Losses.
If Investing In An Unregulated Broker, There Is A Good Chance That They Will Run Away With Your Hard-earned Money Without Any Recourse. Therefore, Investors Must Be Extremely Cautious And Remind Everyone To Stay Away From These Unregulated Ones As Much As Possible When Selecting Traders.
Since The Official Tecfinine Website Is No Longer Accessible, The Following Is The General Information Found Through The Internet:
Market Tools
Tradable Assets Tecfinine Platform Includes Currency Pairs, Commodities, Indices, Metals.
Minimum Deposit
There Is Only One Type Of Real Account, So The Trading Conditions Are Equal For All Categories Of Traders, With A Minimum Deposit Of $2,000. The Minimum Deposit Set By This Broker Is Very High, As Most Brokers Require An Amount Of $100 Or $200.
Leverage
According To ESMA Requirements, The Default Leverage For Retail Clients Is 1:30 For Major Currency Pairs, 1:20 For Non-major Currency Pairs, Gold And Major Indices, And 1:10 For Commodities Other Than Gold And Non-major Indices. Leverage For Professional Clients Is Up To 1:100.
Spreads And Commissions
Spreads Are Variable. The Minimum Spread For EUR/USD Pairs Is 0.8 Pips, While The Average Is 1.2 Pips. Spreads For GBP/USD Start At 1 Pip With An Average Of 1.3 Pips, Gold At $0.54 And Silver At $0.052. All Instruments Can Be Traded For Free.
Trading Platform
Tecfinine Is Served Through The Well-known Ctrader Platform. This End Point Offers Fast Asynchronous Execution Of All Types Of Orders, Allowing Multiple Orders To Be Placed At Once. One Of The Main Features Is That The Ctrader Displays Market Depth - Secondary Quotes.
This Means That Traders Will See The Full Executable Price Range Directly From The Liquidity Provider. In Addition To The Ctrader Platform, Cqc Qtrader Is Also Available.
Deposits And Withdrawals
Deposits Can Be Made By Bank Transfer, Credit/debit Card Skrill And Neteller. Please Note That In The Case Of A Bank Transfer, If You Transfer Less Than The Required Minimum Of 100, Your Trading Account Will Be Credited And Deactivated, So You Can Deposit The Difference And Start Trading Or Request A Refund.
Withdrawals Are Made Using The Same Methods As Deposits - Bank Transfer, Credit/debit Card, Neteller And Skrill. Withdrawals Are Processed Within One Business Day.
Then, Depending On The Withdrawal Method, How Long The Funds Will Arrive In The Customer's Account: Up To 5 Working Days For Telegraphic Transfer By Bank, Up To 7 Working Days For Credit Card, Up To 10 Minutes For Skrill Or Neteller. The Company Does Not Charge Any Fees, But Banks Usually Do.
