Tifia Review and Detailled Analysis 2021

Tifia Review and Detailled Analysis 2021

Home » Tifia Review and Detailled Analysis 2021

Tifia Overview:

    • Regulated: N/A
    • Head Country: Singapore, USA, New Zealand, Australia
    • Min $500 Deposit
    • Operating Since: 2015
    • Type: STP
    • Spread: Variable
    • Commission: N/A
    • Platforms: MetaTrader 4, TigerWit, Web, Mobile
    • Funding: Wire Transfer, Credit/Debit Cards
    • Spread: Variable

Tifia Review

Tifia is an offshore Forex and CFD broker that offers limited trading instruments across multiple account types including ECN trading with reliable trade execution speeds. To assist its clientele, the broker provides expert analysis courtesy of ‘Claws & Horns’, social trading and an optional free VPS for traders who meet a minimum trading volume requirement. That being said, the brokers review team did not find this broker to have the tightest spreads or lowest commissions when compared to many other brokers.

In this detailed Tifia review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Tifia Overview

Tifia Markets Ltd is a forex and CFD broker that offers over 120 assets for trading on the MetaTrader platforms. Founded in 2014, the broker is headquartered in the Republic of Vanuatu but has offices in Thailand, Spain, Indonesia and Nigeria. Tifia offers spreads starting from 0.1 pips depending on your account type, high leverage and speedy trade executions starting at 0.1 seconds.

Tifia asserts that it is an ECN/STP broker that has no dealing desk. The prices displayed on the trading platforms are sourced from tier-1 liquidity providers such as Bank of America, Barclays, BNP Paribas, Citibank, and 11 others. Client trades are executed at the best available prices with no conflict of interest. Tifia only marks up the spread depending on the account type.

Tifia Regulation

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. The Principal License enables the Tifia Markets Limited to carry out the full list of Broker/Dealer services, including (but not limited) dealing with the Foreign Exchange, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legal activities.

The broker states that all clients’ deposits are maintained in segregated bank accounts. This money should not be used by Tifia for its internal expenses. The funds are segregated in such a way that if the broker becomes insolvent, client funds can be returned to them.

Tifia Countries

Tifia states that it does not provide its services to residents of the United States of America (USA), Canada, Israel, Belgium, Japan and the Republic of Vanuatu.

Some Tifia broker features and products mentioned within this Tifia review may not be available to traders from specific countries due to legal restrictions.

Tifia Platforms

MetaTrader 4

MetaTrader 4 (MT4) is a very popular trading platform designed by MetaQuotes Software corporation; a Russian firm headquartered in Cyprus. The platform comes with professional features for online trading including advanced chart analysis capabilities. MT4 is versatile and runs on multiple devices. Tifia provides access to trading via the MT4 windows desktop application and MT4 mobile apps.

The platform is user friendly and comes with multiple chart windows along with fully customizable layouts. The market watch displays the fluctuating prices of trading instruments in real time. 3 types of charts are available; Line, bar and candlesticks. The charts can be displayed over 9 timeframes from 1 minute to 1 month. Up to 30 technical indicators come preloaded along with 24 analytical objects. All the features of the MT4 platform can be expanded with plugin apps designed using the MQL4 programming language which is derived from C++. The platform also supports automated trading using expert advisors (EAs) which are more commonly known as trading robots.

MetaTrader 4 (MT5)

MetaTrader 5 (MT5) is a sophisticated and professional trading platform designed to replace the existing MT4 platform. It was also designed by the same MetaQuotes Software Inc. and maintains a similar interface and features as MT4. However, the MT5 platform is more powerful as it has enhanced features and capabilities. For example, it has 38 inbuilt technical indicators instead of the 30 found in MT4. It also has 6 pending order types and up to 21 timeframes for displaying the charts. Just like MT4, Tifia provides MT5 as follows:

  • MT5 for desktop
  • MT5 for iOS
  • MT5 for Android

The MT5 platform also supports the scripting and deployment of software EAs which automate online forex and CFD trading. However, the MT5 apps are written with the MQL5 programming language compared to the MQL4 language in MT4. That does mean that softwares are incompatible between the platforms. Thus, applications designed for the MT4 will not work in the MT5 trading platform.

Tifia Trading Tools

Virtual Private Server (VPS)

A virtual private server (VPS) is normally needed by traders who require speed and uninterrupted access to the trading servers. They can run your trading platforms 24/7 without needing your own computer switched on. A reliable VPS can provide up to 99% uptime and seamless connections. Only Tifia clients who maintain a balance of $5,000 are eligible to request a free VPS.

Social Trading

Tifia provides social trading service to all its clients. You can register as a trader or an investor. Traders are the signal providers who are ranked on ‘Traders rating’; which shows the statistical data and performance of every trader. Investors pick a trader to copy his trades after checking the Traders rating. The investor can then follow the trader and automatically copy his trades.

Social trading can give beginners the opportunity to trade forex and CFDs without even knowing how to trade themselves. The trader is compensated from commissions if and when they trade successfully. It should be strongly noted that there are no guarantees on how the trading signals will perform and you should be fully aware of the significant risks of trading online.

Economic Calendar

This is an important fundamental analysis tool that displays the date and time of events that can impact the financial markets. The country affected, history and analysts’ forecast are equally displayed. Clicking on any event gives detail and analysis concerning the event. The economic calendar is customizable to display the news that is relevant to you.

Financial Market & Analysis

This section of the Tifia website is divided into the following sub sections:

  • Market Review: The market review is updated daily on several instruments following an analysis and market news. This review gives traders insights into the market as well as trading ideas.
  • Technical Analysis: Traders are presented with a chart analysis of some forex pairs using indicators and historical records. This analysis is updated daily and also offers potential forex signals.
  • Fundamental Analysis: This daily analysis uses the news, economic situations, comments and general fundamental analysis approach to derive trading recommendations. It ends with ideas for trade entry point prices, key levels, take profit and stop loss values.

Claws & Horns Analysis

Tifia provides in-depth expert analysis to its clients. This is powered by Claws & Horns; an independent analytical and research firm reputable for providing comprehensive and quality analyses, trading signals, video reviews, etc. It can be accessed from the mobile app or from the clients’ cabinet area of the Tifia website.

Forex Calculator

This is an important trading tool that helps a trader to quickly and easily calculate his trading cost, margin, swap fees, etc before placing a trade.

Tifia Education

Tifia has no trader academy or educational resources on its website. But in the traders’ cabinet area, education is part of the services provided by ‘Claws & Horns’. Clicking the ‘education’ icon presents the following training resources:

  • Trading Strategies: It graphically illustrates over 60 strategies.
  • Trading Indicators: This comprises of a list of 20 indicators with their meanings, importance level, index change and currency change.
  • Educational Videos: This contains over 17 videos on the use of the MetaTrader platforms such as creating trading robots, subscribing to trading signals, etc.
  • Trading Glossary: It contains over 300 forex/CFD trading terminologies along with definitions.
  • Video Courses: 9 video lessons on forex trading and analysis.
  • Forex eBook: A 45-page book titled ‘A beginner’s guide to forex trading’.

Tifia Instruments

Tifia offers the following instruments for trading via its platforms:

  • Forex major currency pairs 7
  • Forex currency crosses 21
  • Forex exotic currency pairs 23
  • Oil 2
  • Metals 4
  • Indices 11

Tifia Accounts & Fees

Tifia offers 3 types of accounts. A trader can choose from the account types depending on his trading capital, trading experience and other conditions desired. The account types are as follow:

Start Account

This is a micro account apposite for beginner traders. The minimum deposit is $10 and the spread starts from 2.2 pips. The maximum leverage is 1:1000 while a standard lot is 10,000. Account holders trade on the MT4 trading platform and no commissions are charged.

Classic Account

This account serves as the standard account with spreads as low as 1.1 pips and no commissions. The minimum account opening deposit is $100 while the maximum leverage is 1:1000. Both the MT4 and MT5 trading platforms are available to account holders.

ECN Account

This is the account designed for experienced traders who wish to utilize the ECN technology. The minimum deposit is $500 while the spreads start from 0.0 pips. A commission of $8 per round turn lot is charged while trading is via the MT4 trading platform. The maximum leverage is 1:100.

Islamic Account

Islamic account is available by writing a request to the customer support department. These accounts are swap free and comply with Sharia law.

Demo Account

Demo accounts are available on all account types. Demo accounts are free and unlimited. Clients may have up to 10 demo accounts simultaneously. They can be created from the clients’ cabinet and the trader chooses how much virtual money he needs in the demo account. Demo accounts can be a great way to practice your trading strategies and to familiarise yourself with the brokers trading platforms.

As broker fees can vary and change, there may be additional fees that are not listed in this Tifia review. It is imperative to ensure that you check and understand all of the latest information before you open a Tifia broker account for online trading.

Tifia Support

Tifia chat support attendants are available 24/5 whilst the client support desk works from 9am to 6pm; Mondays to Fridays. Each support representative location has its own channels of communication. Generally, email and a Facebook page are available for each of the official representatives in Thailand, Indonesia, Spain and Nigeria. The Indonesian and Nigerian offices also have additional options of WhatsApp, Skype and phone support.

‘Request a call-back’ form is used to schedule a phone call with the client support desk. It is available in 3 languages and can be scheduled at the clients’ convenience. There is also a ‘feedback’ form which is used for complaints or comments. The feedback is submitted to the quality control department. On social media, Tifia is on Instagram, LinkedIn and Facebook.

Tifia Deposit & Withdrawal

Tifia does not charge any commissions for deposits or withdrawals. But you may be subjected to charges by your bank or payment processor used. The following account types are available:

  • Bank wire transfers: This method is available for USD and EUR currencies only. No commissions are charged on deposits but withdrawals are charged a minimum of $0.5 and a maximum of $125. It takes 2-5 bank working days to process a wire transfer.
  • Local deposit/withdrawal: This is available in MYR, IDR, THB, VND, BRD and NGN. It takes 1-2 business days to complete and there are no charges.
  • Card payments: The major credit and debit cards are accepted for payments. Deposits are processed instantly while withdrawals take 1-2 hours and a commission of 3% +$5 is charged.
  • E-wallets: The accepted e-wallets are Skrill, Neteller, Perfect Money and FasaPay. There are no commissions on deposits but withdrawals are charged as follows: Skrill 1%, Perfect Money 1.99%, FasaPay 0.5% and Neteller 2%. Deposits are instant while withdrawals take 1-2 hours to complete.
  • Bitcoin: Deposits are processed within a business day and attracts no charges while withdrawals take 1-2 hours processing time and commissions start from 0.0001 BTC.

Tifia Account Opening

It is quick and easy to open a Tifia trading account. Just visit the Tifia website and click on ‘open account’ which is located at the right hand side of the menu bar. The registration form below displays.

Fill your name, country, phone number, email and click ‘sign up. A 6 digit verification code is sent to your phone number. Enter the digits to verify your phone number and you are immediately logged into the traders’ cabinet.

You will be prompted to set up your code word and account type. From the client cabinet, several tasks can be accomplished such as account deposits, demo account creation, account verification, social trading setup, etc.

It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.

Tifia Summary

Tifia is a broker that offers reasonable online forex and CFD trading services. The broker asserts that they operate an ECN/STP model that offers market executions at the best possible prices. Client funds are segregated and the broker abides by its AML policy.

The provided MT4 and MT5 trading platforms are powerful, sophisticated and a standard amongst the online trading industry. All trading strategies are allowed including hedging, scalping and the use of expert advisors (EAs).

Tifia’s social trading and analysis powered by ‘Claws & Horns’ are useful additions to the brokerage services available. They also offer market news and analysis, trading signals, video reviews, trading tools and education centre.

With as little as $10, live trading can commence on the platforms. However, the best trading conditions require the top account which has a much higher deposit requirement. We also found Tifia to not have the tightest spreads or lowest commissions when compared to other online brokers. They also have a limited amount of trading instruments and asset classes with no stock CFDs or cryptocurrencies.

Another flaw from our perspective is the offshore regulation by the Ministry of Finance and Economic Management of the Republic of Vanuatu. This is not a standard regulatory agency and it is not at par with that of CySEC, FCA or ASIC. Experts always warn traders to avoid offshore regulated brokerages. Trader discretion is advised when dealing with any offshore trading broker.

Trading on financial markets carries risks. Contracts for Difference (‘CFDs’) are complex financial products that are traded on margin. Trading CFDs carries a high level of risk since leverage can work both to your advantage and disadvantage. As a result, CFDs may not be suitable for all investors because you may lose all your invested capital. You should not risk more than you are prepared to lose. Before deciding to trade, you need to ensure that you understand the risks involved taking into account your investment objectives and level of experience.

Tifia Review and Detailled Analysis 2021 Details

Trading Software
Payment Methods
Min Deposit
Restricted Countries
Broker Type
Price & Leverage
Trading Options & Tools
Comisions & Payment options
Customer Support
5.0 Overall Rating
Tifia Review and Detailled Analysis 2021
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