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TFIFX Review
TFIFX is a Cyprus CFD broker whose parent company renamed itself TFI Ecommpay after adding a separate electronic money licence alongside its original CySEC licence.
Min Deposit
N/A
Spreads From
Not stated on the current site
Max Leverage
Not stated on the current site
Platforms
MetaTrader 4
Pros
- CySEC licence 117/10 has run continuously since 2010, a long real track record
- The company also holds a genuine Central Bank of Cyprus electronic money licence
- TFIFX still runs on the familiar MetaTrader 4 platform for existing clients
- Passporting covers most EEA countries under standard MiFID rules
Cons
- The parent company renamed itself mid stream, which can confuse returning clients
- Only MetaTrader 4 is offered, with no MetaTrader 5 or other modern platform
- The broker itself discloses that 64 percent of retail accounts lose money
- Belgium is explicitly excluded from the firm's passported EEA service area
TFIFX is the trading name of TFI Ecommpay Ltd, a Cyprus company once called TFI Markets Ltd. Its CySEC investment licence, number 117/10, has run since 2010, making it one of the older Cyprus based forex brands still active today.
The company later added a separate Electronic Money Institution licence from the Central Bank of Cyprus, and changed its legal name to TFI Ecommpay Ltd to reflect this wider payments business. TFIFX itself still runs as before, on the same MetaTrader 4 platform, under the same CySEC licence.
TFIFX passports its CySEC licence across most of the EEA, though not to Belgium, which the company excludes by name. As with any CySEC regulated CFD provider, the site discloses that 64 percent of retail accounts lose money trading its CFDs. We found no live deposit bonus on the current site, which fits the usual EU ban on this kind of promotion for retail clients.
Max Leverage
Not stated on the current site
Spreads From
Not stated on the current site
Platforms
Regulation, fund safety, track record
Spreads, execution, leverage
Platform quality, charting, features
Analysis, webinars, learning materials
Support quality, responsiveness
Mobile app quality, features
