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.
Please post your reviews:
In this section traders share their views and impressions of TFI Markets performance; they leave reviews of any kind and attitude, which are available for any site visitor. Estimates of TFI Markets will let you understand whether there are many other traders who share your opinion or not, and if they are satisfied with the provided services and quality of trade execution.
In case you disagree with the published reviews, you can post your arguments in favor of the company, or, on the contrary, object to the broker's zealous supporters.
Reviews about forex brokers are quite useful for the newbies who are just about to open their forex account. Deciding which brokers are really trustworthy they might want to refer to opinions of the experienced traders.
Such information can only be found on the sites where visitors give vent to their emotions and sincerely describe their trading experience with a certain broker.
We hope that reviews about TFI Markets will help you decide in favor of an appropriate broker and that this information will be useful in your trading career. Please keep in mind that personal opinions should not be taken as an all-inclusive indicator; however, it makes sense to keep them in mind when forming a decision. Before opening a forex account do some serious thinking and certainly take note of the other traders' arguments.
Trading in the Forex market is a complex daily work that requires great strength, knowledge and experience. Before a trader...Forex Strategies
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...
Regulation: CySEC license 117/10TFI Markets trading information