Tifia is an ECN/STP broker, has tier-1 bank liquidity, and competitive trading conditions capped by high leverages, best prices, and fast execution. A MetaTrader-only broker, Tifia offers MT4 and MT5 trading platforms.
Know more about Tifia’s offered trading services, its background as a business entity, and its advantages being an ECN/STP broker by reading this review.
Tifia Background & Safety
Tifia Markets Limited operates Tifa.com trading services. Though the brand was established in 2011, it started its online presence in 2014. Tifia is registered and licensed as a “Dealer in Securities” by the Ministry of Finance and Economic Management. Moreover, Tifia is regulated in accordance with the “Dealers in Securities Act” of the Republic Vanuatu.
Apart from its regulatory documents in place, Tifia has a segregated account for its client funds and Negative Balance Protection for its traders. It also offers its clients transparent access to Tier-1 bank liquidity online at competitive rates and with low margin requirements. Tifia claims to have the “perfect” conditions for profitable trading as it has low account minimum deposit ($100), ultra-tight spreads (starting from 0.0 pips), fast execution (0.1 seconds), a basketful of trading instruments (over 120 financial instruments), and high leverages (maximum of 1;1000).
Liquidity, stability, perfect trading conditions – Tifia has the material in keeping up with the industry leaders. Down the wire, we’ll see if the broker keeps in step with the industry frontrunners in terms of other important aspects of brokerage service including platforms, forex tools, educational resources, customer support, and promotions.
Tifia Features & Fees
Tifia covers major asset classes or financial markets including forex, oil, metals, and indices. In total, Tifia offers over a hundred tradable assets to its clients. Though good enough, the broker’s market coverage can be widened by covering cryptocurrency and adding a number of financial instruments in each asset class.
Tifia offers three account types namely, Start, ECN Classic, and ECN Pro. Let’s dig deeper into each account type’s set of trading conditions and fees.
Start – by depositing a minimum of $10, you can open this account that provides you access to financial instruments comprised of 28 currency pairs and 2 metals and spreads starting from 2.2 pips with zero commission fees.
ECN Classic – for $100, you can sign up for this account type which provides you with 36 currency pairs, 2 metals, 2 commodities, and 11 indices. The account has spreads starting from 1.1 pips with zero commissions.
ECN Pro – with just a $500 minimum deposit, you can use this account type to enjoy spreads starting from 0.0 pips, with an $8 commission per round per lot. You will be given access to a larger basket of trading instruments containing 52 currency pairs, 6 metals, 2 commodities, and 11 indices.
In terms of platform access, the MetaTrader 4 platform can be used by Start and ECN Pro users while ECN Classic traders can choose between MT4 and MT5. Start and ECN accounts are linked to bonuses and Swap-free conversion while the ECN Pro isn’t.
The standard features for all account types include Market Execution as the type of order execution, maximum leverage level of up to 1:1000, minimum and maximum trade sizes from 0.01 lots to 100 lots, 100% margin call, 50% stop out, no requotes, no rejections, support to all trading strategies, and demo accounts.
Tifia accepts bank wire transfers, Mastercard, Skrill, Perfect Money, Fasapay, Neteller, local deposit, and Bitcoin transfer as mode of deposits and withdrawals. Tifia does not charge deposit and withdrawal fees for any payment option. However, commission fees apply for withdrawal transactions with varying rates depending on the mode of payment.
Tifia has several promotions for its clients and partners. For forex traders, forex bonuses include 100% BONUS and 30% BONUS. It also has Cashback Forex as a means of refunding the commission for the account deposit via any payment system. Tifia partners can join the Tifia Lucky draw for a chance to win major prizes.
Tifia Trading Platforms & Tools
Tifia is a MetaTrader-only broker, offering MT4 and MT5 platforms in several versions including MT4/MT5 for Windows, MT4/MT5 for iPad, MT4/MT5 for iPhone, and MT4/MT5 for Android,
Tifia houses some basic forex tools such as economic calendar and forex calculator. When it comes to market research, Tifia has financial markets analysis facility and free forex analysis mobile app.
Tifia has 24/5 customer support services reachable via email, live chat, phone, and call back. The support team is multilingual and is located in different sites across the globe.
Tifia has a good set of brokerage arsenal – competitive pricing, impressive trading conditions, standard and stable platforms, a regulatory certification, and sufficient trading tools.
To become a market leader, it has to boost its market coverage by adding cryptocurrency trading and widening financial instruments offering for each asset class and building an education center for traders.