|Regulation||CySEC license 117/10|
|Trading software||MetaQuotes, MetaTrader4, MetaTrader5|
|Headquartered||Irene Tower 178 Athalassas Avenue 2025 Nicosia, Cyprus P.O Box 16022 Zip: 2085 Tel: +357 22 749 800|
TFI Public Company Limited was established in 1999, providing services relating to the broking of treasury products and the provision of trade finance services. TFI PCL was one of the pioneers introducing the concept of currency trading in Cyprus by launching its TFIFX, solid trading platform which targeted professional and experienced clients. The operations of the company were conducted under the Exchange Control License EC/B/2455 issued by the Central Bank of Cyprus. Since our inception, we have been engaging with our customers based on three core principles: Transparency, Fairness and Integrity.
Following the decision of the competent authorities in 2009 that companies offering FX margin trading services were to be regulated by CySec, we founded TFI Markets Limited, a 100% subsidiary of TFI PCL, which is authorised and regulated by the Cyprus Securities and Exchange Commission , CySEC (license no. 117/10) and we operate under the EU Markets in Financial Instruments Directive (MiFID). TFIFX is a trade mark of TFI Markets Limited.
Through our online award winning Trading Platform, TFIFX, we provide market access in Foreign Exchange Markets, Commodities and Contracts for Differences (CFDs) on stock indices.
"Client engagement is the critical component of long term relationships."
We combine different elements, ranging from face to face meetings, to a variety of online communication tools to continuously support our clients. TFIFX is managed by professionals with decades of specialised experience in providing services related to treasury products and FX trading. Our philosophy is Transparency, Fairness and Integrity. And we deliver on what we say.
To engage with our customers in long term highly professional relationships and to provide them with best in class services. Our mission is founded on the three principles of Transparency, Fairness and Integrity which are combined to create a solid trading environment.
To become recognized as a leading premium service provider in international online currency trading, setting ourselves apart from the competition through transparent processes, fair customer engagement and integrity.
|Headquarters||Irene Tower 178 Athalassas Avenue 2025 Nicosia, Cyprus P.O Box 16022 Zip: 2085|
|Free phone||+357 22 749 800|
|24 hour support|
|24 hour trading|
|Digits after the dot in quotes|
|Minimum position size|
|Pip spread on majors||3-5|
|Standard account, $||1000|
|Mini account, $||1000|
|Popular payment methods||Credit Card, PayPal, Wire Transfer|
|Languages||English, Russian, Arabic, Greek|
|Platforms||MetaQuotes, MetaTrader4, MetaTrader5|
Signals delay for automated execution. Different price feeding for manual and automated trading. To be more specific, Expert Advisers on Metatrader 4 get different execution price than price I get while placing orders manually. I don’t know exactly if it’s so critical for regular traders but I don’t like it. Looks suspicious. Back office managers say it happens sometimes and there is nothing worry about. But my programs stop working properly and I lose money while getting bad bid and ask prices. So, don’t open account here if you using algorithmic strategies. Moreover, look carefully if you have multiple orders the same time because the same shit might happen when you can’t define the real price of each execution.
I got wrong prices comparing to other brokers. My position by USDJPY was closed by unknown reasons. Stop loss was placed above the current price (I had sell market order). Order has been active and I left it overnight. On the next morning, it was closed by stop. I haven't found that price was even close to stop loss during night. More interesting, I found no prices provided by another broker at this level. Actual price was 10 - 12 below my stop and it's impossible that price has reached stop target. I think it was made manually by TFI.
With all due respect, kindly note that the TFI group has been providing forex services to our clients for the last decade without a single complaint by any of our clients to the regulator (the Central bank of Cyprus prior to 2010 and CySec thereafter). We are audited by two of the big four accounting firms. We are a Cypriot company and our employees are 90% Cypriots. Our management comes with experience from the worlds top ranking international banking/financial institutions and we do run the company much like a banks treasury room.
I understand that there is a history of several unregulated firms running their operations from Cyprus, however, please note that this has changed dramatically. Cyprus is no longer a “soft” regulatory environment as you will notice; if you visit CySEC’s website you will find out that the regulator is not shy about fining companies for even minor lapses in oversight and has closed down numerous unregulated firms in the last few months. The belief that Cyprus is an “easy” place to get regulated is mistaken as it does takes more than 6 months and several specifications to get licensed even if you have all the necessary requirements.
another Cyprus broker....is enough warning for you?
TFIfx ® is the brand name of TFI Markets Ltd, a financial services company. TFI Markets Limited is authorised and regulated by CySEC (license no. 117/10) which complies with the European Markets in Financial Instruments Directive (MiFID). TFI Markets Ltd is audited by Deloitte and KPMG.
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