Score
TFI
Cyprus|5-10 years| https://www.tfimarkets.com
Website
Rating Index
Influence
Influence
C
Influence index NO.1
Cyprus 2.74Contact
Single Core
1G
40G
1M*ADSL
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
Basic information
Cyprus
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Website
tfimarkets.com
Server Location
United Kingdom
Website Domain Name
tfimarkets.com
Server IP
134.213.45.213
Company Summary
| TFI Review Summary | |
| Founded | 1996 |
| Registered Country/Region | Cyprus |
| Regulation | FCA (revoked), CYSEC (suspicious clone) |
| Services | Currency Payments, Currency Conversions, Currency Risk Management |
| Customer Support | Live chat; contact form |
| Tel: (+357) 22 749 800 | |
| Fax: (+357) 22 817 496 | |
| Head Office: 27 Pindarou, Alpha Business Center, Block A, 3rd Floor, 1060 Nicosia, Cyprus; P.O Box 16022, 2085, Nicosia, Cyprus | |
| Social media: LinkedIn, Facebook, YouTube | |
TFI Information
TFI, the trading name of TFI Markets Ltd, started its financial business in 1996 mainly for business clients. It offers currency solutions such as currency payments, currency conversions and currency risk management. The API integration between the TFI system and the customer system allows for high-efficient currency trading.
In addition, the company implements fund segreation and adheres to PSD2 Secure Customer Authentication guidelines to protect customer assets.
However, one thing worth noting is that the company operates under revoked FCA and suspicious CYSEC clone status, which are alarming red flags for clients about its reliability. And there are even two WikiFX exposures about withdrawal issues, further exacerbating its credibility.
Pros and Cons
| Pros | Cons |
| Many years' industry experience | FCA revoked and suspicious CYSEC clone |
| Fund segregation | WikiFX exposures about withdrawal issues |
| API integration solution | |
| Live chat support |
Is TFI Legit?
TFI claims to be regulated by FCA (Financial Conduct Authority) and CYSEC (Cyprus Securities and Exchange Commission) with licenses numbering at 527167 and 117/10 respectively. However, the license status are “Revoked” for FCA and “Suspicious clone” for CYSEC, indicating that the broker's business activities might no longer comply with the regulatory requirements or have surpassed the authorized scope. You should be aware of this and take it into account when deciding to trade with this company.
| Regulated Country | Regulator | Current Status | Regulated Entity | License Type | License Number |
 | FCA | Revoked | TFI Markets Ltd | European Authorized Representative (EEA) | 527167 |
 | CYSEC | Suspicious clone | TFI Markets Ltd | Market Making (MM) | 117/10 |
Services
TFI Currency Solutions offers tailored services across three key categories: Currency Payments, Currency Conversions, and Currency Risk Management.
- Currency Payments: Enables businesses to send and receive payments globally in multiple currencies through a free multi-currency account, with same-day transactions available at minimal or zero charges.
- Currency Conversions: TFI provides competitive exchange rates with no commission, the ability to lock in rates, and a 24/5 online portal for streamlined currency management.
- Currency Risk Management: These include customized strategies to mitigate market volatility, allowing businesses to lock in rates for up to one year to protect profit margins and enhance financial stability.
Fees
TFI charges rollover fees for unsettled forex transactions overnight, and a series fees for different tier of clients, such as account management fees, transactions fees, incoming and outward payment fees. You can visit below links for most updated details of these fees:
- Tier 1: https://tfimarkets.com/uploads/legal/Fees%20%26%20Charges%20-%20Tier%201.pdf
- Tier 2: https://tfimarkets.com/uploads/legal/Fees%20%26%20Charges%20-%20Tier%202%20(For%20Enhanced%20Due%20Diligence%20clients).pdf
- Rollover fees:https://tfimarkets.com/rollover-fees/
Keywords
- 5-10 years
- Suspicious Regulatory License
- Suspicious Scope of Business
- United Kingdom European Authorized Representative (EEA) Revoked
- High potential risk
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男子汉大豆腐
United States
The 10,000 US dollars cannot be withdrawn now. The customer service said that it is under review.
Exposure
2023-10-07
桃子3217
Hong Kong
When withdrawing money, they asked me to lock my position and to exchange it for USD. And then they didn't allow me to withdraw, now the app cannot be opened. I couldn't withdraw my 120,000 US dollars, and they just cheated me in a group of 118 people.
Exposure
2023-09-11
3744
Cyprus
Since I started using TFI Markets, handling my business transactions has gotten a lot easier. The same-day value payments are quick. It's straightforward and effective, exactly what I need for my daily operations.
Positive
06-27
YINYINYIN
Cyprus
Pretty solid. Their focus on currency services is something to highlight - they've got currency conversions, third-party payments, and risk mitigation solutions sorted. Bonus points for their API solutions as well. But it's not all sunshine and rainbows, you've got to have your guard up when it comes to risks and costs. Remember, knowledge is power!
Positive
05-15
Ahmed6510
Nigeria
worker in the future of the time
Positive
2022-10-12