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TFX Markets Review - Is it scam or safe?

TFX Markets Review - is tfxmarkets.com scam or good forex broker?

RATING: 2 / 1 REVIEWS TFX Markets
TFX Markets is an offshore broker. Your money is not safe.

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Trading Accounts & Conditions

 

Account type Minimum deposit  Maximum leverage Minimum trade size Average Spreads (& Commission)
Micro $50 1:500 0.01 1.8 pips
ECN $500 1:200 0.01 0.3 pips + $5 per side
Islamic   $50 1:500 0.1 1.8 pips + $4 per side 

 

TFX Markets offers its clients a choice of several basic account types in order to suit the needs of traders of all levels of experience and preferences. All account types offer variable spreads and micro tradable lots (except Islamic ones), however spread amounts vary, as well as maximum available leverage levels.

 

The tightest spreads are of course delivered on the ECN account, however if we add the commission applicable, trading costs per lot are around 1.3 pips for the EUR/USD, which is average for the market. For further information, you may check out and compare real-time spreads of 15 leading brokers here.

 

The maximum leverage rates at TFX Markets are high, reaching 1:500. Yet, many forex brokers offer leverage equal to or exceeding 1:500

 

The Company. Security of Funds

 

Company Country Regulation
Quantix Financial Services Limited Belize ISFC 


Established in 2013, TFX Markets is an offshore STP/ECN broker that is offering trade in a wide range of currency pairs and precious metals on the renown MetaTrader 4. This is a brand of Quantix Financial Services Limited, which operates on the basis of international brokerage license, issued by the International Financial Services Commission of Belize (IFSC).

 

IFSC has very liberal control over forex brokers. It requires brokers to hold at least $500,000 net tangible assets, to keep client funds in segregated accounts, and report to the ISFC on a monthly basis. Unlike with the FCA and other EU regulators, regulated companies are not required to detail individual transactions, nor are connected to any compensation schemes.

 

To put it simply, when considering operating with Belize-regulated brokerages, traders should be warned that they will be receiving very limited regulatory protection and oversight.

 

We have to point out that despite the above said, TFX Markets’ offerings seem decent, and besides, the brokerage promises to cover its clients’ negative account balances (Negative Balance Protection). 

 

Trading Platform

 

Like most brokers, TFX Markets offers its services on the MetaTrader 4 platform, available as desktop version, and mobile apps.

 

This professional, fully-featured software provides traders with everything they need: fast order execution, a variety of technical indicators, linear instruments advanced charting package and the ability to develop and to use Expert Advisors (EA).

 

Speaking of EAs, TFX Markets also provides VPS hosting, allowing traders to run their trading robots 24/7. Clients of this broker with deposits of at least $3,000 are entitled to free VPS hosting services. TFX Markets` trade servers are hosted on the Equinix LD4 facility.

 

Bonuses

TFX Markets offers a number of lucrative promotions:

- welcome on-deposit bonuses of 30 - 45% (up to $2 000) for deposits over $100 (available to Micro account holders).

- Fund your Micro Account and trade for a bonus up to $2,000 (available to ECN account holders).

 

Methods of Payment

 

Clients of TFX Markets are offered a variety of payment modes to choose from: credit cards, bank wire transfers, and the following e-wallets: Skrill, Neteller, WebMoney, QIWI, CashU and others.

 

TFX Markets says on its website that it processes withdrawals within the same day.

 

Conclusion

 

TFX Markets is an offshore broker, offering competitive conditions for trading in various currency pairs and CFDs on the MT4 platform with the latest technology available. Its main disadvantage is the lighter regulation. To sum up the above: 

 

Pros Cons
Competitive ECN spreads Light regulation
Negative Balance Protection  
Same-day withdrawal  
High leverage levels offered  
MT4 available  

 

Latest news about TFX Markets
No news about TFX Markets . Check back later.
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Traders` reviews for TFX Markets

Spread

Pros

Cons

 

 

Slippage

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Cons

 

 

Requotes

Pros

Cons

 

 

Price feed

Pros

Cons

 

 

Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

Cons

 

 

Summary

Pros

Cons

 

 

TFX Markets dormant account

Greetings

I am writing this letter being very disappointed at your service.
I was gently recruited into you scheme, was promised to be
allocated a mentor; someone to help me. After registering I received a call and we started registering necessary applications on my computer
so as to help me how to trade, but after be cut by the networkt twise
the person never bothered to call again. I desperately tried to connect with the company but without success. Itriedcallin, emailing but it was all fruitless.

Untill I desided to withdraw my money, that alsi proved to be a fruitless exercise. I desperately need the money, I would like to withdraw my money. I need your help in this regart

Yours
J.M MOSELANE

JACk MOSELANE 06/22/2019
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