TFIFX is an online Forex broker that is owned by TFI Markets, one of the oldest Forex brokers that allow for "margin Forex trading" since the year of its establishment in 1999. The online Forex dealing platform, TFIFX came at a later date in 2006. Unlike what most Forex other brokers are doing, TFIFX tend to discourage their clients to trade with high leverages which is good thing in a way. According to the company’s CEO Loucas Marangos, “The industry itself should rethink offered leverage levels rather than wait for regulation to impose caps.”
The mainstay of TFIFX’s trading platform is the online forex industry standard MetaTrader 4. Nevertheless, TFiFX is also aware of the changing landscape of the online trading world. Thus, for the convenience of their clients, TFIFX also provide the option of trading with a mobile trading platform.
Ever popular among traders for its robustness, TFIFX MT4 client terminal features numerous tools to helps traders in their quest for maximum profitability. These include:
- 30+ Built-In Technical Indicators
- Analytical Tools for Determining the Price Dynamics
- Archival Of Quotes for Future Reference
- Expert Advisors (EAs) Testing
- Full Screen Display of Charts for Easy Analysis
- Numerous Chart Options
- Optimized For Expert Advisors (EAs)
With the TFIFX mobile trading solutions, Forex traders literally have the world of Forex in the palms of their hands. Now, traders can stayed connected to the mainstay of their trading platform MT4 with the use of Smartphones or iPhones with:
- TFIFX Mobile Forex iPhone application
- TFIFX Mobile Webtrader
- TFIFX Windows Mobile Trading Platform
Safe to say, TFIFX have managed to cover the trading needs of their clients wherever they may be.
At TFIFX, traders have the choice of four (4) types of trading accounts.
With the unlimited demo account, traders can familiarize themselves with the TFIFX trading platform. The account comes with $50,000 virtual cash and simulates the actual market conditions which traders are going to face in reality.
The Premium Account is geared towards professional traders. Maximum trade size is up to 200 lots in a single trade. This equate to €20 million in monetary value. In addition, premium accounts holders also enjoy the benefit of fixed spreads and trading over the phone is required. For a full list of benefits, please visit their website.
TFIFX’s Corporate Accounts are for corporate clients who want to trade in very high volumes. The main benefits that corporate clients get to enjoy with this type of account are competitive spreads and the dedicated service of the dealing room 24/5.
Commissions and Spreads
Like most Forex brokers, TFIFX doesn’t charge any commission for their brokerage services. Instead they earn an income by adding Percentage in points (PIPs) to the interbank market rates. The level of spreads added to the interbank rates can be floating or fixed depending on the trading account types. For Power Accounts, the spreads starts from 0.5 pip. For other premium and corporate accounts, the spreads are fixed and pre-agreed.
As an old timer in the Forex industry, there is no doubt that TFIFX takes the customer support services seriously. Their website is featured in five (5) major languages, English, Russian, Japanese, Italian and Greek. The support team is available 25/5 and can be reached by:
Without a doubt, in order to stay in business as long as TFIFX, the reliability of the broker must never be tarnished. To help them maintain a pristine track record, TFIFX adopted the following measures:
In view of their service performance, there is no doubt that dealing with TFIFX holds several advantages for the average retail trader.
The only con which I can see is the fact that the average trader has no access to the ECN market rates as TFIFX has yet to adopt the cTrader trading platform as part of their array of trading platforms.
Overall, TFIFX pass with flying colors as a top rated Forex broker. In fact, TFIFX was the recipient of IBTIMES award for Best Forex Broker in Eastern Europe for 2011. The fact that they have remain in this competitive business for so long speaks volumes about the quality of their services.
|Broker Name||Regulation||Min. Deposit||Leverage||Broker's Promotions|
|1||AVATRADE REVIEW||ASiC , BVI , Central Bank of Ireland , FSA||100 $/€/£||400:1||Limitid time offer - 100% BONUS||OPEN ACCOUNT|
|2||ITRADER REVIEW||CySEC||$250||500||Get up to a 30% welcome bonus on your first deposit||OPEN ACCOUNT|
|3||PLUS500 REVIEW||ASiC , CySEC , FCA||100||1:294||Get up to a 30% bonus on first deposit! *T&Cs apply, Your capital is at risk||OPEN ACCOUNT|
|4||FXTM REVIEW||CySEC , IFSC||$5||Floating 1:100||The FXTM Loyalty Cashback||OPEN ACCOUNT|
|5||FXGLORY REVIEW||FSC||$1||3000:1||Increase your deposit by 50%||OPEN ACCOUNT|