TFI Markets

another Cyprus broker....is enough warning for you?

With all due respect, kindly note that the TFI group has been providing forex services to our clients for the last decade without a single complaint by any of our clients to the regulator (the Central bank of Cyprus prior to 2010 and CySec thereafter). We are audited by two of the big four accounting firms. We are a Cypriot company and our employees are 90% Cypriots. Our management comes with experience from the worlds top ranking international banking/financial institutions and we do run the company much like a banks treasury room. I understand that there is a history of several unregulated firms running their operations from Cyprus, however, please note that this has changed dramatically. Cyprus is no longer a “soft” regulatory environment as you will notice; if you visit CySEC’s website you will find out that the regulator is not shy about fining companies for even minor lapses in oversight and has closed down numerous unregulated firms in the last few months. The belief that Cyprus is an “easy” place to get regulated is mistaken as it does takes more than 6 months and several specifications to get licensed even if you have all the necessary requirements.

Signals delay for automated execution. Different price feeding for manual and automated trading. To be more specific, Expert Advisers on Metatrader 4 get different execution price than price I get while placing orders manually. I don’t know exactly if it’s so critical for regular traders but I don’t like it. Looks suspicious. Back office managers say it happens sometimes and there is nothing worry about. But my programs stop working properly and I lose money while getting bad bid and ask prices. So, don’t open account here if you using algorithmic strategies. Moreover, look carefully if you have multiple orders the same time because the same shit might happen when you can’t define the real price of each execution.

TFI gave me wrong prices and closed my USDJPY sell order by stop loss. The price never reached that level on other brokers. It was 10 - 12 pips lower. I think TFI did it manually.

TFI Markets is a scam, they promise a lot, but only to extract money from you! From beginning to end - everything is fake, do not believe it, they will deceive you anyway!

It's a highly transparent broker. Trading costs are relatively low, and there are no hidden fees, scam and other kinds of manipulations. The broker is overall good.

Signals delay for automated execution. Different price feeding for manual and automated trading. To be more specific, Expert Advisers on Metatrader 4 get different execution price than price I get while placing orders manually. I don’t know exactly if it’s so critical for regular traders but I don’t like it. Looks suspicious. Back office managers say it happens sometimes and there is nothing worry about. But my programs stop working properly and I lose money while getting bad bid and ask prices. So, don’t open account here if you using algorithmic strategies. Moreover, look carefully if you have multiple orders the same time because the same shit might happen when you can’t define the real price of each execution.