In this Tifia Review, we are going to take a look at the offer that this broker prepared for its traders. Tifia operates on the financial market since 2013. When it comes to trading platforms, the broker features MetaTrader 5 and MetaTrader 4. The Tifia minimum deposit is 10 USD.
Between 74-89% of retail investor accounts lose money when trading CFDs You should consider whether you can afford to take the high risk of losing your money
Basic information from this Tifia Review
| Website address: | tifia.com |
| Operated by: | Tifia Markets Limited |
| Licensed and authorised by regulatory bodies: | VFSC |
| Supported languages: | English, Spanish, French and Portuguese |
| Customer support available via: | E-mail, phone, live-chat |
| Contact details: | [email protected], +628114202147 |
| Available deposit methods: | Bitcoin, FasaPay, Local Bank Deposits, Neteller, PerfectMoney, Skrill |
| Available withdrawal methods: | Bitcoin, FasaPay, Local Bank Deposits, Neteller, PerfectMoney, Skrill |
| Minimum deposit: | 10 USD |
| Min. trade in lots: | 0.01 |
| Spreads: | Typical spread on the currency pair EUR/USD - 1,1 pips * on standard account type |
| Tradable assets: Might be a CFD. | Forex (35) |
| Mobile app: |  |
| MetaTrader 4: | |
| Other trading platforms: | MetaTrader 5 |
| Maximum leverage: The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with. For instance, in the European Union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in Australia and possibly in other jurisdictions. | 1:1000 |
| Social trading: |  |
Tifia Fees (typical spreads)
We have scanned fees (typical spreads) that Tifia charges when trading popular currency pairs, here is their breakdown in pips.
| EUR/GBP | EUR/USD | USD/CHF | EUR/JPY | GBP/USD | USD/JPY |
|---|---|---|---|---|---|
| * | 1,1* | * | * | 1,4* | 1,2* |
*Typical spreads were recorded on 17.01.2020 at 21:29 for the standard account. Tifia spreads in the table above serve as illustrative examples only as they for instance, may change according to the market conditions.
Random reviews of competing FX & CFD brokers: HoldingFX, Alpari, MegaTradeFX and HQ Broker
Frequently Asked Questions
🧐 Is Tifia a Scam?
In accordance with our research, Tifia is a broker licensed and regulated by the VFSC. While it is a good thing that the broker is regulated, the VFSC regulatory agency is in comparison to 1st tier regulatory bodies like the CySEC one of the weaker regulatory authorities when it comes to investor protection. In order to be sure that Tifia is not a scam, read our trader reviews and check other popular trading related websites and forums.
🆓 What is the Tifia minimum deposit?
In order to start trading with Tifia, you have to deposit at least 10 USD (Trading accounts can also be held in USD, EUR, NGN, PLN, GBP).
📵 What deposit and withdrawal methods Tifia supports?
⚖️ Would you recommend me choosing Tifia?
We don’t have our own personal experience with Tifia. However, the broker is regulated by the VFSC which does not provide as strong protection to traders as 1st tier regulatory bodies (Like the British Financial Conduct Authority). Considering that there are hundreds of brokers with stronger regulation and quite highly possibly with better trading conditions too, it makes little to no sense to trade with Tifia.
Should you be looking for a highly reliable broker featuring forex trading and CFDs, you can get your hands on our marketing broker Etoro – (77% of of retail investor accounts lose money when trading CFDs with this provider), which is a CySEC regulated company that allows trading from as little as $50 and charges highly competitive fees on all assets.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage.
Between 74-89% of retail investor accounts lose money when trading CFDs
You should consider whether you can afford to take the high risk of losing your money ¹ Variable spreads, spreads recorded for the EUR/USD on 11.01.2024 at 11:42 GMT.
In search for a transparent, honest, and profitable broker to do Forex business with? Consider this as a financial advice, Tifia.com is not a good choice. IF you follow my advice, you will come back to thank me later. This broker has so many negatives online Tifia.com is filled with several algorithms to scam you of your hard earned money.
I have been a trader on Tifia.com for a while and the company has refused to pay me my profits. Firstly, I have been denied my profit, I have also noticed that several other traders have experienced similar issues through countless number of negative reviews online.
The aim of every investor or trader is to earn and enjoy their profit but Tifia.com is out to ensure that everyone is in distress. The company is robbing people’s money and I am on a mission to ensure that potential investors do not fall victim.
The customer care representatives have been properly trained to frustrate you when you try to make enquire.
I have been scammed, robbed and ripped. I don’t want anyone to go through what I have gone through. There are thousands of brokers out there that will let you enjoy your profit in peace. In case you are new in the forex space and you want to do proper business with your funds, you should run away from this ECN broker called Tifia.com.