Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TFI Markets Ltd Pros & Cons
- The company offers several ways to contact its support team.
- There is no non-trading commission at TFI Markets.
- A free multi-currency account is available to all clients by default.
- The broker provides clients with currency risk-management tools.
- The company cooperates only with legal entities.
- There are no training materials on the broker's website.
- There are only a few ways to deposit and withdraw capital.
The TFI Markets Ltd (dba TFI Markets) has been in business for more than 20 years. The specialty of the company is forward contracts. The broker cooperates with legal entities from different countries, offers 20 working instruments and multicurrency accounts. It is licensed by CySEC (117/10) and the Central Bank of Cyprus. The TFI Markets is a sponsor of the Invest Cyprus CIPA Awards, IN Business Awards, and other events.
TU Expert Verdict
TFI Markets Ltd demonstrates moderate stability and can suit certain traders. Its conditions are acceptable, and feedback is mixed but reasonable. In my own tests, it performed adequately, though it lacks the consistency of higher-rated companies.
Top-5 Brokers Traders Prefer
TFI Markets Ltd User Reviews
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5-star
0%
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4-star
0%
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3-star
33%
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2-star
33%
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1-star
33%
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria7 /10The trading and non-trading commissions of TFI Markets Ltd have been analyzed and rated as having Medium fees, with a fees score of 7/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No deposit fee
- No withdrawal fee
- Inactivity fee applies
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TFI Markets Ltd with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TFI Markets Ltd’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TFI Markets Ltd Standard spreads TFI Markets Ltd OANDA FOREX.com EUR/USD min, pips 0.1 0.1 0.7 EUR/USD max, pips 0.2 0.5 1.2 GPB/USD min, pips 0.15 0.1 0.9 GPB/USD max, pips 0.2 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TFI Markets Ltd RAW/ECN spreads TFI Markets Ltd OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TFI Markets Ltd. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TFI Markets Ltd Non-Trading Fees TFI Markets Ltd OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 80 0 15 -
Is TFI Markets Ltd Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria9 /10TFI Markets Ltd has a safety score of 9/10, which corresponds to a High security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Tier-1 regulated
- Negative balance protection
- Track record over 10 years
- Strict requirements and extensive documentation to open an account
TFI Markets Ltd Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level 
CySec Full Name Cyprus Securities and Exchange Commission Country of regulation Cyprus Investor Protection Fund Up to €20,000 Regulation Level Tier-1 TFI Markets Ltd Security Factors Foundation date 2016 Negative balance protection YesVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4.2 /10TFI Markets Ltd offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Managed.
TFI Markets Ltd covers the core account types, making it convenient for traders with different preferences and strategies.
- Standard account with balanced trading conditions
- Cent account for beginners
- Demo account
- No VIP account option
- Micro lots are not available
TFI Markets Ltd account types vs top competitors TFI Markets Ltd Trading.com Plus500 Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged YesNoNoTFI Markets Ltd accounts trading conditions
The TFI Markets intermediary cooperates with legal entities from different countries and offers only two types of accounts.
Account types:
Account Type Description Corporate account Trading account for corporations, companies, communities, and other registered associations. Personal account An account for private clients who are registered as legal entities. Demo accounts in TFI Markets are not available due to broker specifics.
TFI Markets is a company for trading forward contracts.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology5.3 /10TFI Markets Ltd received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TFI Markets Ltd provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Bank card deposits and withdrawals
- Low minimum withdrawal requirement
- No withdrawal fee
- No deposit fee
- BTC payments not accepted
- Only major base currencies available
- Limited deposit and withdrawal flexibility, leading to higher costs
What are TFI Markets Ltd deposit and withdrawal options?
TFI Markets Ltd provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire.
TFI Markets Ltd Deposit and Withdrawal Methods vs Competitors TFI Markets Ltd Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC NoNoNoWhat are TFI Markets Ltd base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TFI Markets Ltd supports the following base account currencies: USD, EUR, GBP.
What are TFI Markets Ltd's minimum deposit and withdrawal amounts?
The minimum deposit on TFI Markets Ltd is $1, while the minimum withdrawal amount is $30. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TFI Markets Ltd’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria2 /10TFI Markets Ltd offers a limited selection of trading assets compared to the market average. The platform supports 47 assets in total, including 45 Forex pairs.
- 45 supported currency pairs
- Multiple markets
- Bonds not available
- Futures not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by TFI Markets Ltd with its competitors, making it easier for you to find the perfect fit.
TFI Markets Ltd Trading.com Plus500 Currency pairs 45 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 47 69 2800 Stocks NoNoYesCommodity futures NoNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. NoNoYesStock indices NoNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products TFI Markets Ltd offers for beginner traders and investors who prefer not to engage in active trading.
TFI Markets Ltd Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading NoNoNoPAMM investing NoNoNoManaged accounts YesNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at TFI Markets Ltd by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.8 /10We successfully registered an account with TFI Markets Ltd in 20 minutes. The KYC verification was completed within 2 business days. The minimum deposit amount at TFI Markets Ltd is $1. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fully online account opening process
- Low minimum deposit requirement
- Registration process may take longer than expected
- Account approval may require extra time depending on the documentation.
TFI Markets Ltd account opening TFI Markets Ltd Trading.com Plus500 Online Registration YesYesYesMinimum deposit $1 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 20 20 KYC time (days) 2 2 3 Is TFI Markets Ltd available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
Trading at TFI Markets starts with opening a real trading account with the company. You can do this by following the below brief step-by-step guide:
Open the official website of TFI Markets, which is here: https://tfimarkets.com. You will find the "Open Account" button on the main page in the upper right corner. Click on it to create a new trading account.
Choose the type of account that’s best for you. The TFI Markets broker offers corporate accounts and personal accounts. Click on the button "Account Opening Form" to proceed with your registration.
A form will automatically download to your PC or mobile device and you will need to complete it to become a TFI Markets customer.
The form tells you what documents are required to open an account. There is also a form that you need to fill out with personal information including personal, banking, financial, and customer identification information.
To complete your registration, send the completed form to the TFI Markets broker. A staff member will contact you and provide you with information to proceed.
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Customer Support
Score:We evaluated Customer Support at TFI Markets Ltd by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.1 /10Customer support at TFI Markets Ltd is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. TFI Markets Ltd provides basic support functionality but does not stand out in overall service performance.
InformationClients of TFI Markets may require additional information when opening their accounts or later while trading. They can obtain this information by contacting the company's support team. The broker's staff will not only help resolve account opening issues but will also answer questions related to the trading process and the technical part of the work. The customer support service is available 24 hours a day, Monday to Friday.
- Several methods of contacting the support team are available to the company's clients
- It is possible to visit the actual office of TFI Markets or one of its branches.
- Employees are available 24 hours a day during the working week.
- No communication with customer support on weekends
There are a number of methods available for clients to contact the TFI Markets support team. They can:
- call via the listed phone number;
- send a fax;
- fill out a feedback form;
- visit an offline office of the company or its branches;
- chat online via the broker's website;
- send an email.
TFI Markets is also present on social networks such as YouTube, Facebook, Twitter, and LinkedIn.
Contacts Foundation date 2016 Registration address 178 Athalassas Ave, 1st Floor, Irene Tower, 2025, Nicosia, Cyprus Regulation CySEC Official site https://tfimarkets.com/ Contacts support@tfimarkets.com +357 22 749 800
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FAQs
How safe is trading with TFI Markets Ltd in terms of regulation and client protection?
TFI Markets Ltd has a safety score of 9/10, described as a high security level, and is regulated by the Cyprus Securities and Exchange Commission (CySEC), a Tier-1 regulator in Cyprus. The broker offers negative balance protection, requires KYC verification, and participates in an investor protection fund that can cover up to €20,000, while its track record dates back to 2016.
What account types does TFI Markets Ltd offer and what are their main limitations?
According to the section, TFI Markets Ltd is described as offering Demo, Standard, ECN/Raw spread, Cent, and Managed accounts, but it also states that in practice the intermediary works with only two account types: corporate accounts for registered entities and personal accounts for private clients who are legal entities. The review notes that demo accounts are not available due to the broker’s specifics, micro lots and VIP accounts are not offered, and the company focuses on trading forward contracts.
What do user reviews and feedback say about TFI Markets Ltd?
TFI Markets Ltd has a user satisfaction score of 4/10 based on 9 reviews, with 0% 5-star and 4-star ratings, and an even split among 3-star, 2-star, and 1-star reviews. According to user reviews, the overall tone is mostly negative.
How do deposits and withdrawals work at TFI Markets Ltd?
TFI Markets Ltd has a medium safety score of 5.25/10 for its deposit and withdrawal processes and supports bank cards and bank wire transfers, with no withdrawal fee and a minimum deposit below the industry average. The broker does not support BTC or PayPal payments, uses USD, EUR, and GBP as base account currencies, and sets a minimum deposit of $1 and a minimum withdrawal of $30, which may vary by account type and payment method.
What markets and tradable assets are available at TFI Markets Ltd, according to reviews and platform information?
TFI Markets Ltd offers a total of 47 tradable assets, including 45 currency pairs, and does not provide access to stocks, commodity futures, cryptocurrencies, stock indices, options, bonds, or ETFs. The review notes that the asset selection is limited, although managed accounts are available as an investment option, while copy trading and PAMM investing are not offered.
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