Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.

TFI Markets Review

1 reviews
  • Deposit
  • Withdrawal

TFI Markets general information

Founded in: 1999 year
Minimum Deposit: 50 $
Website languages: English
Execution model:
Deposit currency: USD, EUR, GBP
Support languages: English
Regulated by: CySEC (Cyprus)
Mobile trading: iOS, Android
Types of offered accounts:
Unlimited Demo Accounts, Standard Accounts, Segregated accounts
Affiliate program: Not

TFI Markets Forex broker description


  • TFI Markets is regulated and licensed, providing traders with a sense of security and trust in their operations.

  • The broker caters well to professional traders who seek specific features and tools.

  • TFI Markets doesn't charge conversion fees, making it cost-effective for clients engaging in currency conversion.

  • The company offers several methods for clients to contact their support team, ensuring accessibility and convenience.

  • Client funds are held in segregated accounts, enhancing security and safeguarding clients' capital.

  • Traders can earn additional income by participating in TFI Markets' referral program, adding an extra avenue for potential profits.

  • The broker provides clients with currency risk-management tools, assisting traders in managing and mitigating risks effectively.


  • TFI Markets does not offer Islamic (swap-free) accounts, which may be a drawback for some traders who require this option due to religious beliefs.

  • The broker does not provide detailed information about the technologies and measures used to protect traders' confidential information, leaving some uncertainty regarding data security.

  • TFI Markets' website offers limited training materials, potentially making it less suitable for beginners who require comprehensive educational resources.

  • There are only a few methods available for depositing and withdrawing capital, which may not cater to the preferences of all traders.

Unique Selling Points

1. Introducers Program: TFI Markets offers an Introducers Program that allows professionals to enhance their services for clients. As an international payment institution and currency conversion specialist, TFI empowers partners to provide tailored currency solutions to their clients. This support extends to facilitating secure and seamless global payments. With substantial trading volumes and established partnerships with international correspondent banks, TFI's clients gain a competitive edge and can focus on business growth.

2. Referral Program: With TFI Markets' Referral Program, partners have the opportunity to earn commissions by referring customers. Each referred customer receives dedicated account management, ensuring prompt and personalized assistance. This service streamlines international transactions, saving customers time and money.

3. Multi-currency Business Account: TFI Markets offers a multi-currency business account with its unique IBAN. This Account simplifies fund collection and supplier payments, eliminating the complexities of traditional banking procedures and associated costs. Moreover, TFI's payment solutions empower clients to efficiently and securely process global payments, granting them full operational control, all within a single platform and at minimal expense.


TFI Markets is a branch of the Cyprus-based financial firm TFI Markets, specializing in currency conversion, payment services, risk hedging solutions, and forex and commodity trading. Founded in 1999, TFI Markets subsequently introduced its forex branch, becoming one of Cyprus' longest-standing brokers for margin forex trading.

Over two decades, TFI Markets claims to have acted as a mediator, offering favorable terms for profiting from currency conversion and forward contracts, exclusively catering to legal entities such as corporations, companies, partnerships, and individual entrepreneurs. They also provide a complimentary multi-currency account and ensure secure payments, regardless of their destination.

With a focus on active traders, TFI Markets does not offer opportunities for passive income, and they provide limited training materials, indicating their preference for experienced clients. In this TFI Markets review, you'll find all the essential details you need to know.

Supported Countries

TFI Markets Ltd extends its services globally, welcoming clients from various parts of the world. The platform operates across borders, offering its services to several European Economic Area (EEA) nations, including Austria, Bulgaria, Croatia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, Cyprus, Mauritius, South Africa, Greece, Russian Federation, Uganda, Czech Republic, Ukraine, France, United Kingdom, Nigeria, and South Korea.

However, it's important to note that TFI Markets Ltd services are not intended for or directed towards residents of Belgium, the United States of America, Cuba, China, North Korea, Syria, Chad, Iran, Venezuela, or any individual residing in a country or jurisdiction where such use would conflict with local laws or regulations.

Customer Service Rating

Having garnered several years of experience in the financial markets, TFI Markets lacks a presence on leading review platforms like Trustpilot and ForexPeaceArmy. Nonetheless, tradersunion offers valuable insights into the experiences of TFI Markets' users.

Some users have commended the platform for its smooth and rapid execution speed and user-friendly interface. Trading forward contracts on TFI Markets is reported to come with favorable trading conditions, and the platform facilitates fast transfers. Furthermore, the multi-currency accounts provided by TFI Markets with no conversion fees and its customer support are lauded for their efficiency and knowledgeable responses.

However, there are also some negative remarks. Some reviewers expressed dissatisfaction with the limited range of available instruments. Some labeled the broker as fraudulent, accusing it of solely aiming to extract money from users. Additionally, one user complained about the absence of automatic trading options and occasional difficulties with manually closing open positions.

TFI MARKETS Trading Platforms

TFI Markets offers access to the highly regarded MetaTrader 4 platform, widely embraced by today's forex traders.

  • MetaTrader 4 (MT4): This platform is tailored for forex and futures trading. It equips traders with tools for market analysis, advanced trading actions, automated trading through Expert Advisors, and the ability to replicate other traders' trades. Quick trading functions enable orders to be sent directly from the chart with a single click. MT4's built-in tick chart aids in pinpointing entry and exit points accurately. This rich functionality allows traders to implement various strategies in the forex market. MT4 offers extensive analytical capabilities. It displays each symbol in nine time frames, enabling a detailed examination of price dynamics. There are 30 built-in technical indicators and 24 graphic tools available for comprehensive price analysis. Security is a top priority with the MetaTrader 4 platform. Data exchange between the client terminal and platform servers is encrypted, ensuring the safety of your trading accounts.

Additionally, the platform supports RSA digital signatures for enhanced security. In summary, MetaTrader 4 boasts a robust array of advanced trading and analytical features, all presented through a user-friendly interface for easy comprehension. It's accessible on various devices, including Windows, Mac, Android, iOS, and Linux.

Type of Trading Accounts on TFI MARKETS

TFI Markets offers clients the option to choose between corporate and personal accounts. However, the platform doesn't display the account details directly; users need to download a zip file for each account type to access this information. This approach has raised concerns among many traders who feel that TFI Markets may intentionally withhold essential details.

Trading Denominations on TFI MARKETS

To denominate their accounts, TFI Markets permits clients to choose from three currencies: USD, EUR, and GBP. While this offers some flexibility, it falls short compared to larger brokers offering a broader range of currency options for account denominations.

Company Structure

TFI Markets is recognized as a leading international payment institution and currency conversion specialist. The brokerage firm is a branch of the Cyprus-based financial company TFI Markets, offering a range of services, including currency conversion, payment services, risk hedging solutions, and forex and commodity trading.

Founded in 1999, TFI Markets operates as a non-standard Forex broker, catering to clients engaged in forward contract trading, which allows them to lock in currency rates for future payments. It's important to note that only registered legal entities can open accounts with TFI Markets.

TFI Markets is headquartered in Nicosia with the registered address 27 Pindarou, Alpha Business Center, Block A, 3rd Floor,1060 Nicosia, Cyprus, and operates a representative office at 3 Krinou, The Oval, 9th floor, Office 901, Ayios Athanasios, 4103, Limassol, Cyprus. Additionally, the company has an office in Greece, with its registered address at 166 Α Kifissias Avenue & Sofokleous 2 Str., Office 004, Marousi, 15126, Athens, Greece.

Consequently, TFI Markets holds a license issued by the Central Bank of Cyprus, ensuring regulatory compliance. Despite its extensive experience in the financial markets, TFI Markets does not prominently showcase any awards or recognition it may have received. This absence of accolades raises concerns among potential traders, as awards and recognition often serve as indicators of a platform's integrity and transparency.

TFI MARKETS Forex Licenses and Regulatory Compliance

TFI Markets operates with proper registration and regulation. The Forex broker platform holds licenses from two key authorities:

  • The Central Bank of Cyprus, which grants them the status of a Payment Institution (No., and;

  • The Cyprus Securities and Exchange Commission (CySEC) where they are recognized as an Investment Firm (No. CIF 117/10).

These licenses demonstrate TFI Markets' commitment to adhering to regulatory standards in their financial services operations.

TFI MARKETS Customer Protection

As a CySec-regulated entity, TFI Markets strictly adheres to the guidelines and regulations established by the agency. Furthermore, the company has implemented various policies designed to safeguard its clients.

TFI Markets asserts that client funds are securely held in segregated accounts across reputable European banks, closely monitored by their Risk Management Department. Additionally, investor protection is extended through the Investors Compensation Fund, of which TFI Markets is a member. Each institution where client funds are held and protected by the Laws and Regulations specific to each European bank.

Importantly, the trading accounts at TFI Markets are equipped with Negative Balance Protection, preventing them from falling into negative balance territory. This protective feature is continually monitored in real-time by the company's systems and procedures, and it mandates at least two authorizations for any action to minimize the risk of fraud.

In addition, TFI Markets is regulated by the Central Bank of Cyprus and operates in compliance with the MiFID rules within the EU jurisdiction. Their commitment to adhering to the PSD2 regulation and participation in the SWIFT network ensures the security of client funds and payments. The Risk Management department assumes responsibility for the security of funds, ensuring that they are distributed among credible and diversified institutions.

Customer Service

Clients of TFI Markets have multiple options for reaching out to their customer support team. They can use the "Contact Us" form on the website to submit inquiries. Alternatively, for more detailed responses, traders have the option to send an email to [email protected]. Furthermore, clients can directly speak with the support team by calling the phone number (+357) 22 749 800. These accessible communication channels ensure that clients can get the assistance they need in a way that suits their preferences. There is also a downloadable Customer Complaint Form, which can be sent directly to the broker.

Trading Information

TFI Markets offers traders various risk management and currency management choices. Traders can opt for wider spreads or higher commission charges, with commissions determined by the trading volumes. However, traders should be aware that TFI Markets imposes a $30 yearly inactivity fee on dormant accounts.

When trading with TFI Markets, traders can expect spreads ranging from 0.01 pips to 0.3 pips, depending on the selected account type. The platform allows commission-free trading. There's a limited choice of about 50 currency pairs for trading, and payments can be sent to 150 countries. It's worth noting that there are no commissions associated with opening and maintaining an account, using the broker's platform, or accessing account statements and other non-trading operations.

Tradable Instruments

TFI Markets primarily emphasizes payment conversion options and presents itself primarily as a forex and CFD broker. It provides traders access to a range of instruments, including 50 forex pairs that encompass major, minor, and exotic currencies.

While this selection is decent, some investors might find it somewhat limited compared to other brokers that offer a more extensive portfolio, featuring over 80 currency pairs and additional financial instruments for account diversification.


TFI Markets offers clients the flexibility of variable leverage, which can go as high as 1:100. However, it's important to note that clients located within the European Economic Area (EEA) are subject to regulatory guidelines, limiting the maximum available leverage to 1:30. These regulations are in place to ensure responsible and safe trading practices by EEA rules.

Deposits and Withdrawals

During the registration process, the broker will request verified personal information. Consequently, only verified users are permitted to conduct transactions with TFI Markets, ensuring security and compliance with regulatory standards.

Like with any brokerage, the processing times for both deposits and withdrawals at TFI Markets will vary depending on the chosen payment method. It's important to highlight that third-party deposits and withdrawals are not allowed. Additionally, withdrawals must be executed using the same method that was initially used to fund the corresponding trading account.


When it comes to depositing funds with TFI Markets, clients can do so without incurring any incoming fees or charges. TFI Markets will credit the Trading Account with the net amount received, but it's worth noting that intermediary or sending bank charges may apply.

TFI Markets provides various methods for depositing funds, including bank transfers, SWIFT, and SEPA. The company ensures that payments are processed within one business day.


In terms of withdrawal, there are charges to be aware of. For SEPA transfers, clients can expect a cost ranging from EUR 5 to EUR 10, applicable only up to 50,000 EUR within the Eurozone. On the other hand, SWIFT transfers may incur client costs of approximately EUR 25 or USD 30, and for SHR and OUR transfers, fees of €10 and €30, respectively. It's worth noting that all SHR transactions are free of charge if the transfer amount exceeds €100,000.

TFI MARKETS Trading Education and Training

Trader education plays a vital role in any broker's platform. However, in this aspect, TFI Markets has room for improvement. The forex broker primarily offers clients a limited number of educational articles in PDF format, with a scarcity of comprehensive video tutorials, webinars, or seminars. Moreover, the research and analysis tools section is fairly constrained, featuring only a swap fee calculator and an economic calendar. Expanding and diversifying these educational resources could enhance the overall trading experience for TFI Markets clients.


Is TFI MARKETS Forex a Scam?

TFI MARKETS Forex is a regulated financial institution. It holds licenses as a Payment Institution from the Central Bank of Cyprus and as an Investment Firm from the Cyprus Securities and Exchange Commission (CySEC). These regulatory licenses demonstrate that TFI MARKETS operates within the legal framework set by financial authorities. In addition, TFI Market's online customer reviews show a mixed reputation. While some customers have praised aspects such as its platform's execution speed, user interface, and customer support, there are also negative reviews. Some users have expressed concerns about limited trading instruments and have made allegations of fraudulent practices.

How do I open a TFI MARKETS trading account?

Opening an account with TFI Markets forex broker is a straightforward process, broken down into simple steps:

  • Visit the TFI Markets website and click on the "Open Account" option.

  • Choose the account type, either corporate or individual.

  • Fill in the required personal information and click "Sign Up."

  • After successfully creating your Account, check your registered email for a verification message. Open it, verify your details, and log in.

  • Deposit funds into your Account to begin trading.

This streamlined procedure ensures an easy and hassle-free account setup with TFI Markets.


This TFI Markets FX broker review provides a comprehensive overview of this financial institution, highlighting key aspects that potential traders need to consider. TFI Markets offers the popular MetaTrader 4 (MT4) platform, which many traders favor for its powerful features and user-friendly interface. The broker provides a choice between corporate and individual accounts to cater to various client needs. TFI Markets offers variable leverage options, with higher leverage available for some clients, but it complies with regulatory limits in certain regions, such as the EEA.

TFI Markets serves clients globally but abides by regulations that restrict access for residents of specific countries, including the United States. Traders can denominate their accounts in USD, EUR, or GBP, although the selection may be considered somewhat limited compared to other brokers. Depositing and withdrawing funds with TFI Markets is relatively straightforward, with various payment methods available. However, it's important to consider processing times and potential associated fees.

Additionally, the broker offers multiple channels for customer support, including email and phone, ensuring clients can get the assistance they need. While the broker provides a variety of currency pairs for trading, some traders may find the selection somewhat limited when compared to brokers offering a broader range of instruments.

In conclusion, as with any investment, due diligence and research are crucial before making trading decisions with TFI Markets.

Trading accounts of TFI Markets

  • Premium FX
Trading platforms: MetaTrader 4, Meta Trader 4 Mobile
Minimum Deposit : 50 $
Deposit currency :
USD - US Dollar
EUR - Euro
GBP - British Pound
Trading instruments:
Number of currency pairs: 44
Amount of assets : 100
  • Futures
  • Indices
  • Products
  • Gold
  • Silver
Energy sources1:20
  • Oil
Stop Out:
40 %
Minimum position size:
0.01 лотов
Execution type:
Market Execution
Swap Free:
VIP Account:
Spread type:
Decimal places:
5 characters
Margin Call:
60 %
Phone trading:

Contacts of TFI Markets

Cyprus , NicosiaAthalassas Ave, 178
show on the map
+357 22 749 800Телефон штаб-квартиры

Recent customer reviews of TFI Markets

Bobby9 # 09 April 2021

Advantages: Best rates in Cyprus and Greece

Disadvantages: None

Comment: The best rates in Cyprus and Greece. And the best service as well.


Risk Warning: Your capital is at risk. Statistically, only 11-25% of traders gain profit when trading Forex and CFDs. The remaining 74-89% of customers lose their investment. Invest in capital that is willing to expose such risks.