Tifia Markets is a forex broker located in the Republic of Vanuatu, regulated by the Vanuatu Financial Services Commission (VFSC).
Tifia Markets accepts clients from all over the world, excluding USA, Canada, Israel, Belgium, Japan and Vanuatu.
Forex broker offers the following underlying assets for trading.
|35+ Currency Pairs||Based on major and minor world currencies.|
|11 Indice CFDs||Based on baskets of different blue-chip stocks.|
|2 Metal CFDs||Based on Gold and Silver.|
|2 Energy CFDs||Based on Crude Oil (WTI, Brent).|
Tifia Markets is a well-established offshore forex broker that has been active in the industry since 2011. Based out of the popular offshore jurisdiction Vanuatu and licensed by the Vanuatu Financial Services Commission (VFSC), the broker does have some regulatory oversight, although traders should be aware that this is at a very different level compared to brokers regulated in “onshore” jurisdictions like Australia, the EU or North America.
As an offshore-based broker, Tifia Markets is able to offer much higher trading leverage than many other brokers. In this case, that means leverage all the way up to 1:1,000, which is some of the highest leverage available in the industry. The great thing with trading with offshore brokers like Tifia Markets is this leverage is available to all clients, including those living in the EU or other jurisdictions with heavy restrictions on trading leverage. Unfortunately, however, traders from the US, Canada, and a few other countries are not accepted as clients by this broker.
In terms of trading instruments, Tifia Markets offers a decent selection that covers all of the most popular assets. Although the selection of assets depends on the type of account chosen, the top tier account offers trading in more than 50 forex pairs, major stock indices, gold, silver, as well as Brent & Crude oil. What some traders may miss, however, is access to trade cryptocurrencies and single stocks, which unfortunately are not offered by this broker.
All of the instruments available from Tifia Markets can be traded on either the MetaTrader 4 or 5 (MT4/MT5), two of the best-known platforms in the world of retail forex trading. As all experienced traders know, these two platforms both come with huge integrated marketplaces for so-called Expert Advisors, or trading algorithms developed by different third parties. Although both platforms are popular in the trading community, MT4 has perhaps remained the most used platform due to the slightly larger selection of Expert Advisors there.
Tifia Markets offer its users the choice between three different account types, called Start, ECN Classic, and ECN Pro. As usual, clients can qualify for the more elite account types by depositing more money into their account, and in the case of this broker the minimum deposits are USD 10, 100, and 500, respectively. The spreads are also lower for the more elite account types, starting from 2.2, 1.1 and 0.0 pips. With the exception of the ECN Pro account, which instead of a spread charges a USD 8 commission per lot per round turn, all of the accounts offer commission-free trading.
Free demo accounts and swap-free Islamic accounts are of course also available for those who would like that, in addition to an optional sign-up process to get access to certain social trading features such as copy trading.
Trading accounts can be funded through all the usual methods, such as credit & debit cards, bank wire transfer, e-wallet services like Skrill, Neteller, and others, as well as bitcoin. Among these, credit cards and e-wallet transfers will be credited to the trading account instantly, while bitcoin and bank deposits may take a day or two to be processed. Tifia Markets also makes it clear that it does not charge any processing fees to handle transactions, which is something we always appreciate.
Tifia’s customer service is available through email or live chat 24 hours a day from Monday to Friday. However, client support is only open during regular office hours in Europe, so don’t expect to be able to sort out any major issues outside of those hours. In addition, clients are also free to contact the broker’s local representatives in Thailand, Indonesia, Nigeria, and Spanish-speaking countries via phone or email.
All in all, Tifia Markets is a player that has kept a presence in the market for a long time now, and clearly knows how the forex trading industry works. Although we would have liked to see a bit of a larger selection of trading assets, Tifia Markets’ offer is not bad for an offshore broker.