TFI Markets Review 2020

TFI Markets Rated 3/5
TFI Markets have a low rating. We recommend you look at one of their alternative brokers.
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TFI Markets Guide

TFI Markets are an online broker founded in 1999 offering Forex trading.

TFI Markets are a global broker and have multiple offices around the world including a head office in Cyprus.

When trading in the financial markets it can be very time consuming to find a broker that meets your needs.

Often you have to visit and read many broker websites all of which have different uses of language. The wording can be very confusing. In our review of TFI Markets we break down the pros and cons. What TFI Markets are able to offer, what countries TFI Markets are available in. Who TFI Markets are regulated by and more.

Having a reliable and capable broker is crucial to your success in online trading. Make sure that your broker is not fake or unreliable to avoid losing your investment. Ensure that your needs fit the profile of your broker as well, in order for you to have a good working profitable relationship.

Benefits of trading with TFI Markets

  • Regulated by: Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Headquarters Country : Cyprus
  • Foundation year 1999
  • Min Deposit : 1
  • Used by over 10,000 traders
  • TFI Markets is not available in the following countries : US
Open TFI Markets's Website

Losses can exceed deposits

At the bottom of this review you can also learn about some pretty good alternatives to TFI Markets

With this review we hope to help you see if TFI Markets is a good fit for you.

It is a common myth that online trading is confusing. It is only difficult for people who have not done the research. In this article, you will learn important information regarding TFI Markets that will help you get off to a good start in the world of online trading.

TFI Markets Review Table of Contents

TFI Markets what you should know

TFI Markets offer one way to trade: Forex.

With TFI Markets you will need a minimum deposit of $1. You can sign up for a demo account to acquaint yourself with TFI Markets platform.

TFI Markets are able to accommodate various levels of traders whether you are experienced or a beginner.


Are TFI Markets safe?

When choosing a broker like TFI Markets the administrative body and regulatory status of the broker is very important. Brokers who conduct trades without supervision of a regulatory body do so at their own discretion. Any capital you invest is at risk.

Established in 1999, and in operation for 20 years TFI Markets have a head office in Cyprus.

TFI Markets is regulated. This means TFI Markets are supervised by and is checked for conduct by the Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) regulatory bodies.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TFI Markets, this will be honored. If TFI Markets violate any regulatory rules their regulated status could be stripped.

Any payments funded to TFI Markets accounts by traders are held in a segregated bank account.

For added security TFI Markets use tier-1 banks for this. Tier 1 is the official measure of a banks financial health and strength.

Try creating two accounts when you are working with TFI Markets. One is the real account, with your real money and the other is your demo account. The demo account is your experimental account.

Open a demo account Visit TFI Markets

Losses can exceed deposits

Full disclosure: We may receive a commission if you sign up with a broker using one of our links.

Broker TFI Markets XTB Pepperstone eToro
Year Established 1999 2002 2010 2006
Head Office Cyprus Poland Australia Cyprus, UK
Regulation Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin) Financial Conduct Authority (FCA), FCA number FRN 522157, Cyprus Securities and Exchange Commission (CySEC), CySEC Licence Number: 169/12, Comisión Nacional del Mercado de Valores, Komisja Nadzoru Finansowego Financial Conduct Authority (FCA), Australian Securities and Investment Commission (ASIC) Financial Conduct Authority (FCA), Cyprus Securities and Exchange Commission (CySEC)
Used By 10,000+ 250,000+ 10,000+ 10,000+
Negative balance protection No Yes Yes No
Guaranteed Stop Loss No Yes No No
Learn More Visit TFI Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

TFI Markets Pros and Cons

What we like about TFI Markets

  • Used by over 10,000 traders
  • Established in 1999
  • Regulated by Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin)
  • Min. deposit from $1

What we don't like about TFI Markets

TFI Markets Financial Regulation and Supervision in more detail

We have checked and TFI Markets is regulated and supervised by reputable organisations. You are able to check every TFI Markets supervisory and regulatory body given below. Regulation gives you some recourse for those who have issues with TFI Markets. Regulatory authorities protect the traders with things like reimbursement schemes that regain the client's investment in the event the broker becomes insolvent.

The brokerage firms have to comply with a variety of rules and criteria determined by the recognized international authority with the intention to provide secure trading and stay licensed. The whole notion of regulation is to protect TFI Markets traders and provide a safe trading environment.

TFI Markets is governed and supervised by reputable financial regulatory bodies. Regulatory bodies monitor the behavior of the brokers and if things go wrong they will take necessary action. Before trading online with a broker such as TFI Markets you should be sure they're legitimate online agent.

TFI Markets General Fees

  • TFI Markets withdrawal fees varies on payment method
  • TFI Markets does charge inactivity fees
  • TFI Markets does charge deposit fees
Broker TFI Markets XTB Pepperstone eToro
Min Deposit 1 0 200 200
Withdrawl Fees Varies varies No Yes
Inactivity Fees Yes No Yes Yes
Deposit Fees Varies No No No
CFD Commission Fees No Yes Yes No

TFI Markets Commissions

  • TFI Markets doesn't charge commission on CFD shares.

What can you trade with TFI Markets?

You can trade a wide variety of instruments with TFI Markets over 100 instruments infact.

If you are looking at trading currency pairs TFI Markets offer over 15 currency pairs.

Compare TFI Markets with XTB and Pepperstone below.

Losses can exceed deposits

Broker TFI Markets XTB Pepperstone eToro
Instruments Available 100 1,500 100 100
Platforms MT4, Tablet & Mobile apps MT4, Mirror Trader, Web Trader, Tablet & Mobile apps MT4, MT5, Mac, ZuluTrade, Web Trader, cTrader, Tablet & Mobile apps Web Trader, Tablet & Mobile apps
FX / Currencies Visit TFI Markets Visit XTB Visit Pepperstone Visit eToro
Forex pairs offered 15 50 70 50
Major forex pairs Yes Yes Yes Yes
Minor forex pairs Yes Yes Yes
Exotic forex pairs Yes Yes Yes
Cryptocurrencies No Yes Yes Yes
Commodity CFDs Visit TFI Markets Visit XTB Visit Pepperstone Visit eToro
Commodities Offered 0 21 16 0
Metals Yes Yes Yes Yes
Energies No Yes Yes Yes
Agricultural No Yes No Yes
Indiced & Stock CFDs Visit TFI Markets Visit XTB Visit Pepperstone Visit eToro
Stocks Offered 1696 60 957
UK Shares No Yes No Yes
US Shares No Yes No Yes
German Shares No Yes Yes Yes
Japanese Shares No Yes No Yes

Trading on TFI Markets web platforms and other applications

TFI Markets offer the popular MT4 forex trading platform. To see a list of the top MT4 brokers, see our comparison of MT4 brokers.

TFI Markets also offer mobile apps for Android and iOS, making it easier to keep an eye on and execute your trades while you’re on the move.

See TFI Markets's platforms

TFI Markets Trading benefits :

  • Allows scalping
  • Allows hedging
  • Low min deposit

TFI Markets Trading Accounts Offered :

  • Demo account
  • Mini account
  • Standard account

Can I try TFI Markets before I buy?

TFI Markets offer a demo account so you can try before putting down funding payments. Open a practice account & learn to trade

What funding and withdrawl methods do TFI Markets accept?

TFI Markets offer the below funding payment methods. learn more about TFI Markets

  • Bank Transfer
Broker TFI Markets XTB Pepperstone eToro
Bank transfer Yes Yes Yes Yes
Credit Cards No Yes Yes Yes
Paypal No Yes Yes Yes
Skrill No Yes Yes Yes
Payoneer Yes Yes Yes
Neteller No Yes Yes Yes

How can I start trading with TFI Markets?

When opening a trading account with TFI Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TFI Markets trading platforms here.

Performing trades with TFI Markets

TFI Markets allow you to execute a minimum of trade of 0.01 Lot. This may vary depending on the account you open. TFI Markets allow you to execute a maxium trade of 200 Lot.

As a market maker, TFI Markets may have lower entry requirements compared to an ECN broker who benefits from a higher volume of trades and typically have larger capital and minimum trade requirements. Market makers typically have lower minimum deposit, smaller minimum trades requirements and no commission on trades.

As with most brokers, margin requirements do vary depending on the trader, accounts and instruments.

Education resources at TFI Markets

To trade effectively with TFI Markets, it's important to get a have a good understanding of the XTB trading tools and the markets.

TFI Markets offer a good selection of educational resources. Spend some time reading up on how the markets and trading works, making active trades, active trading times, and managing risk.

Having an analytical approach may be a good way to approach trading with TFI Markets.

Take time to look around the TFI Markets platforms and train yourself to think more systematically and logically about the markets. It's a new skill-set for many, but it is what the market requires of you.

Customer Support at TFI Markets

TFI Markets support a limited number including

TFI Markets have a triple AAA grade support rating because they offer a wide range of languages, live chat, email and phone support.

TFI Markets customer service support multiple languages from all over the world. Having a broker that can hire people from various locations in the world who can better communicate with you in your local language is a huge advantage well trying to deal with issues.

Livechat Support at TFI Markets

TFI Markets does not offer LiveChat Support.

Email Support at TFI Markets

We sent several emails to TFI Markets and answer times overall were excellent. The fastest response from TFI Markets was less than 2 minutes and the slowest response was 3 hours. Support response times may vary for you with TFI Markets, but this was our experience sending 10 emails at varying times.

The team resolved and answered our queries. Overall very good email support from TFI Markets.

Phone Support at TFI Markets

We called TFI Markets and the call was answered very quickly. The call was answered in less than 1 minutes.

The TFI Markets phone support team were able to successfuly answer our questions and issues over the phone. We tested the multilingual TFI Markets team by calling in varying languages. TFI Markets made an effort to make sure our queries were answered.

Overall great phone support from TFI Markets.

See how TFI Markets Support Compares Against Other Brokers

Broker TFI Markets XTB Pepperstone eToro
Support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
  • Live chat
  • Phone support
  • Email support
Languages English, Spanish, Czech, Chinese, German, French, Italian, Polish, Portuguese, Romanian, Slovenian, and Turkish English, Spanish, Polish, Chinese, Japanese, Korean, Vietnamese, and Arabic English, German, Spanish, French, and Italian
Learn More Visit TFI Markets Visit XTB Visit Pepperstone Visit eToro
Risk Warning Losses can exceed deposits Your capital is at risk Your capital is at risk 65% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

What you will need to open an account with TFI Markets

As TFI Markets is regulated by Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin), every new client must pass a few basic compliance checks to ensure that you understand the risks of trading and are allowed to trade. When you open an account, you'll likely be asked for the following, so it's good to have these handy:

  • A scanned colour copy of your passport, driving license or national ID
  • A utility bill or bank statement from the past three months showing your address

You'll also need to answer a few basic compliance questions to confirm how much trading experience you have, so it's best to put aside at least 10 minutes or so to complete the account opening process.

While you might be able to explore TFI Markets's platform straight away, it's important to note that you won't be able to make any trades until you pass compliance, which can take up to several days, depending on your situation.

To start the process of opening an account with TFI Markets you can visit their website here.

CFDs are leveraged products and can result in the loss of your capital. All trading involves risk. Only risk capital you're prepared to lose. Past performance does not guarantee future results.
This post is for educational purposes and should not be considered as investment advice. All information collected from https://www.tfimarkets.com on 12th August 2018.

TFI Markets Bottom Line

  • TFI Markets have a good track record of offering Forex.
  • TFI Markets has a history of over 19 years.
  • TFI Markets has a reasonable sized client support call center of at least 10.
  • TFI Markets are regulated by Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). This means TFI Markets fall under regulation from a jurisdiction that can hold a broker responsible for its misgivings; or at best play an arbitration role in case of bigger disputes.
  • TFI Markets have regulation from a Tier 1 reputable country.
  • TFI Markets has the ability to get deposits and withdrawals processed within 2 to 3 days. This is important when withdrawing funds.
  • TFI Markets have an international presence in multiple countries. This includes local TFI Markets seminars and training.
  • TFI Markets are able to hire people from various locations in the world who can better communicate in your local language.

TFI Markets Risk Disclaimer

Losses can exceed deposits

TFI Markets not quite right?

Check out these TFI Markets Alternatives

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If you feel some of the above TFI Markets are not quiet what you are looking for or perhaps you would just like to see some alternatives. See our highly rated list of TFI Markets alternatives below.

Related TFI Markets Comparisons

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TFI MARKETS Frequently Asked Questions

Can I try TFI Markets before I buy?

TFI Markets offer a demo account so you can try before you put down and payment. Learn more here

What funding methods do TFI Markets accept?

TFI Markets offer the following funding payment methods Bank Transfers, Wire Transfer, among other payment methods.
Learn more here

Losses can exceed deposits

How can I start trading with TFI Markets?

When opening a trading account with TFI Markets, you will need to sign up here. Once you have received your login details by email, submitted your identification documents for account validation, and made a deposit; the next step is to download the trading platform of your choice. You can find detailed guidance on TFI Markets trading platforms here.

Is my money safe with TFI Markets?

TFI Markets is regulated by Cyprus Securities and Exchange Commission (CySEC), Netherlands Authority for the Financial Markets (AFM), The Federal Financial Supervisory Authority Bundesanstalt für Finanzdienstleistungsaufsicht (BaFin). One of the most important criteria for traders when choosing a broker like TFI Markets is the regulatory body and regulatory status of the broker. Brokers who conduct business without regulation do so at their own discretion and pose a direct risk to the security of their clients money.

Regulated brokers will not manipulate market prices. When you send in a withdrawal request to TFI Markets, this will be honored. If they violate any regulatory rules their regulated status can be stripped.