TFIFX Info
Founded In 2006, TFIFX Is A Cyprus Securities And Exchange Commission (CySEC) Regulated Broker That Specializes In Major Currency Pairs And Commodity Currency Pairs For Forex Trading. It Caters To Traders Of Different Experience Levels By Using The MetaTrader 4 (MT4) Platform And Offering Competitive Spreads.
Pros And Cons
Pros
Regulated By The Cyprus Securities And Exchange Commission (CySEC)
Lower Spreads On Major Currency Pairs
Advanced MT4 Trading Platform
Disadvantages
Limited Tradable Tools
No Mention Of Islamic Accounts Or Demo Accounts
Inactive Fees Charged On Dormant Accounts
Is TFIFX Legal?
TFIFX Is Indeed A Regulated Broker. It Is Supervised By The Cyprus Securities And Exchange Commission (CySEC). As Of April 14, 2010, TFIFX Has A Market Maker (MM) License With License Number 117/10.
What Can I Trade On TFIFX?
In Addition To Other Trading Tools, TFIFX Offers Major Currency Pairs And Commodity Currency Peer-to-peer Trading Tools. Their Offerings Include Seven Major Currency Pairs, Allowing Traders To Participate In The Most Liquid Global Markets.
Account Types
TFIFX Offers TFI Hedge Account And TFIFX Account As The Two Main Real Trading Accounts.
TFIFX Fees
TFIFX Spreads Are Competitive For Most Currency Pairs Including EUR/USD, GBP/USD, And USD/JPY. Usually Between 3-5 Spreads. Although Premium Accounts May Have Smaller Spreads, The Specific Information Depends On The Account Type.
Interest Handling Fees Are Payable For Overnight Positions Based On Changes In Intercurrency Market Interest Rates. Daily Estimated Interest Charges Vary Based On Market Volatility.
Non-Transaction Fee
Deposit Fee: Free (Intermediary Bank Fee May Be Charged)
Withdrawal Fee (SEPA): 0.15%, Minimum €5, Maximum €10 (Maximum €50,000)
Withdrawal Fee (S Wallet Import Grid T): €25/$30 Or Equivalent Currency (no Limit, Any Currency)
Inactive Fee: $30 Per Year (for Inactive Accounts)
Trading Platform
TFIFX Offers Investors Access To The Current Market-leading And Widely Acclaimed MT4 Trading Platform. As Well As MT4 For Windows, MT4 IOS And MT4 For Android. The MT4 Trading Platform Is One Of The Most Well-known And Widely Used Online Trading Systems In The World. The MT4 Platform Provides Traders With A Wide Range Of Trade Execution Functions, Unlimited Charts, Rich Technical Indicators And Curves, Custom Indicators And Scripts, Allowing Traders To Implement Any Simple Or Complex Trading Strategy.
Deposits And Withdrawals
TFI Markets Accepts Bank Telegraphic Transfers For Deposits And Withdrawals. Brokers Offer Specific Fees And Processing Times Depending On The Region And Type Of Transfer.
Customer Support
Phone:
+ 357 22 749 800
+ 30 210 710 20 10
Email:
Support@tfimarkets.com
