TFIFx is now operating under the name TFI Markets. See our TFI Markets review for more details.
As a site that specializes in Forex reviews, we come across a large number of online Forex brokers. The name of the game when it comes these brokers succeeding in this competitive market is to stand out. TFIFx does just that.
Some brokers stand out with the high leverage they provide, while others stand out with the small investment you need to trade. Other brokers offer a standalone and independent trading platform, while others offers some new social features.
TfiFX stands out for a totally different reason. While they could offer a mini or micro account with the ability to trade using a 500:1 leverage, they specifically declare that traders who trade in that manner are not their target audience.
TfiFX allows you to open an account with no less than a $1000 investment and a relatively low leverage. They do this in order to avoid the phenomenon that is found with 90% of traders. Most traders begin their Forex career with very little capital and dream of making it big by using a 500:1 leverage. The vast majority of them lose their money immediately and close their accounts.
TfiFX can compete with the best of the market’s brokers with their intuitive trading platform, their advanced trading features, their extremely user friendly and informative website, as well as their on site educational tools.
TfiFX was founded in 1999 and operates under the Exchange Control License issued by the Central Bank of Cyprus. TfiFX has full support for CFDs, Metals, and Forex. Their spreads are set and stay the same irrelevant of market volatility.
In addition, TfiFX offers a margin and pip calculator, currency converter and deliverables calculator, as well as very basic support for mobile trading on Windows Mobile smartphones.
On the negative side, TfiFX does not have a chat, which is something that has become pretty standard in today’s online Forex world. Additionally, when downloading their platform, I was slightly disturbed that in order to trade the free Forex demo account, I needed to opt in to receiving their newsletter. Now, that is not the end of the world, but in an industry full of hard sellers and spam marketers, I would stay away from such tricks if I were TfiFX. Again, not the end of the world, especially since the newsletter contains important information on the market.
Review info :
Broker reviewed :
6 out of
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