TFIFX is one of a handful of brokers in the forex market that try to popularize a healthy and meaningful approach to risk management among traders. The approach of a majority of forex brokers to leverage can be modestly defined as being "scandalous". A large number of brokers actively boast about their maximum leverage at up to 200:1, 400:1.
What is leverage? Leverage is risk. The more you borrow, the lower your margin, and the greater your risk is. And what is risk? It is the likelihood of your losing a large proportion of your investment. Imagine that you have a gun pointing at your head. Your leverage ratio is akin to the number of bullets in the gun. The higher it goes, the greater the chance that your account will be wiped out. It is as simple as that, and there is no benefit at all to trading with leverage higher than 50:1 under any condition. A smart trader will only very rarely go above 20:1. Professional traders hardly if ever go above 30:1, and a significant number of those who do (such as the smart fellows at Lehman Bros, or Bear Sterns), end up being bankrupt. If you are not a bank, why would you take greater risk than a bank is willing to take?
TFIFX wants clients to be profitable in order to build a longer term relationship with them. Therefore, the broker requires a minimum capital of $1,000 and allows an absolute maximum leverage of 100:1 for any account.
TFI Markets is registered and regulated by CySec, the financial regulator of Cyprus, a European Union, and Eurozone member nation, in full compliance with stringent E.U. laws and regulations. In accordance with industry standards, TFIFX fully encrypts all confidential information transmitted between the client and the broker. Perhaps more advantageous than regulatory coverage, however, are the multi-year careers of the broker's management team in one of world's best known and respectable banks, HSBC. This detail provides perhaps the greatest insurance against the risk of fraudulent or illegal activity.
The TFIFX platform is the result of a straightforward approach to design that emphasizes functionality, robustness and stability over gimmicks. Spot trades, limit orders, including buy limit, sell limit, buy stop, sell stop and trailing stop orders are made available to traders. In addition, the broker is committed to maintaining spreads at just 1 pip above the rates available in the interbank market. 35 currency pairs are available on the solid and secure TFIFX trading platform.
Minimum account size is $1,000, while the broker strongly recommends that clients limit leverage at 20:1 at most. Maximum possible leverage is 100:1, while the minimum deal size is 0.1 standard lot. Also, traders can open and fund accounts in any of USD, Euro, or GBP currencies.
Deposits and Withdrawals
Available deposit and withdrawal channels include bank wire transfers, Visa, Visa Electron, and Master Card. For legal and security reasons, the withdrawal process will be initiated upon the filling and submittal of an online form.
Risk disclaimer: Forex trading involves substantial risk of loss and is not suitable for all investors. You may lose more than your initial investment.
TFIFX provides comprehensive trading support to all clients by distributing in-house research reports twice a day. Trading is performed through computer terminals, but unlike the case with many other brokers, TFIFX clients can contact the broker by phone to discuss trading ideas, too. The support team, available on 24 hours a day, 5 days a week basis, is not composed of salespeople, but trading professionals who are qualified to discuss market events with the firm's clients. Finally, A powerful online education center complements the one-on-one customer support strategy to create a balanced and comprehensive experience for clients.
TFIFX appears to have been conceived and organized towards the realization of the philosophy that traders come first. TFIFX strongly discourages high leverage and small $100 accounts with 1:500 leverage used for gambling. They constantly maintains the spread of all currency pairs at 1+ interbank rate and in general works to ensure that its clients appreciate their experience at the firm and come back to trade more. It is strange that this constructive approach is rare in the business, but that only increases the appeal of TFIFX further. In short, if you desire to trade forex, TFIFX is an excellent choice as a broker that regards the client as a long-term partner. For those who prefer to build up a serious relationship with the forex market, TFIFX is one of the better options in the currency trading world.
- Regulated by CySec
- Support available 24/5
- Multiple funding options
- 35 available currency pairs
- Industry popular MetaTrader 4 platform