Launched in 2014 in the Republic of Vanuatu, Tifia is an online trading broker that offers clients access to trade multiple financial instruments, such as forex currency pairs, commodities, metals, and indices, via the powerful MT4 and MT5 trading platforms. They offer multiple account options, competitive spreads starting from 0.1 pips, high leverage, and speedy trade executions. Being an STP/ECN broker, clients’ trades are passed directly to tier-1 liquidity providers, such as Bank of America, Barclays, BNP Paribas, Citibank, and 11 others.
Tifia Review Introduction
In this Tifia review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including Tifia.
Tifia Platforms & Tools
The broker provides clients with the ever-popular and powerful MetaTrader 4 and MetaTrader 5 trading platforms. MT4 comes with multiple chart windows along with fully customizable layouts: there are 3 types of charts and 9 timeframes. The platform has 30 indicators and 24 analytical drawing tools/objects, and the features can be expanded using plugin apps that are designed with the MQL4 programming language.
The MetaTrader 5 platform, on the other hand, is a sophisticated and professional trading platform that was developed to succeed MT4; it has a similar interface and features as the MT4 but comes with more advanced capabilities. Please note that applications built for the MT4 will not work in the MT5 trading platform since the latter is built with its unique MQL5 programming language. Both the MT4 and MT5 trading platforms are available as desktop applications for Windows and Mac computers and WebTrader that run directly on modern web browsers and operating systems without the need for any additional software. There are mobile apps that are compatible with Android and iOS devices.
Tifia provides in-depth expert analysis to its clients. This is powered by Claws & Horns, an independent analytical and research firm; it can be accessed from the mobile app or the clients’ cabinet area of the Tifia website. Other available tools include VPS, Social Trading Services, Economic Calendar, Financial Markets and Analysis (Market Review, Technical Analysis, and Fundamental Analysis), and Forex Calculators.
Tifia Research & Education
Tifia provides traders with a good selection of educational resources through the ‘Claws and Horns’ services. They include trading strategies, trading indicators, educational videos, trading glossary, video courses, and forex e-books.
Tifia Trading Accounts
The broker offers clients three basic account types. The choice of trading account types depends on your trading capital and experience. They offer a leverage of up to 1:1000. The account types are as follows:
- Start Account: This requires a minimum deposit of $10, and the spreads start from 2.2 pips. A standard lot here is 10,000, while no commission is charged on trades.
- Classic Account: This is considered the broker’s flagship account, and it has spreads as low as 1.1 pips and no charges no commissions on trades. The required minimum deposit is $100, and it gives traders access to both the MT4 and MT5 accounts.
- ECN Account: It is designed for experienced traders and requires a minimum deposit of $500 and offers spreads from 0.0 pips. A commission of $8 per round turn is charged on trades.
Swap-free Islamic accounts that comply with the sharia law are available upon request. There is also the demo account that allows traders to test out the broker’s platforms using virtual funds.
Tifia Account Funding
The broker offers its clients a wide variety of account funding and withdrawal options, such as bank wire transfer, local deposit/withdrawal, card payments, e-wallets, and Bitcoin. They do not charge any fees on deposits. The time taken to process transactions depends on the payment provider.
Tifia Customer Service
The broker has a reliable customer support team that is available 24/5 between 9 am to 6 pm, Mondays to Fridays, to assist traders with any concerns they may have. They can be reached via email and their Facebook page. There is also a ‘Request a call-back’ form for scheduling phone calls, and a ‘feedback’ form, which is used for complaints or comments.
Tifia markets Limited is licensed as a ‘Dealer in Securities’ by the ‘Ministry of Finance and Economic Management’ and regulated in accordance with the ‘Dealers in Securities (Licensing) Act CAP.131 of the Republic of Vanuatu.
Tifia Review Summary
Tifia is an online trading broker that offers multiple tradable assets for online trading via the MT4 and MT5 trading platforms. The broker’s social trading and analysis, as well as some educational materials, are provided by ‘Claws and Horns’. They offer multiple account options, which require a minimum deposit of just $10 to start trading.
It is worth mentioning that some of the trading products and services in this Tifia review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the Tifia broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.