TFF Markets Review
Clients of TFF Markets are offered three account types, all of which are said to provide STP execution with variable spreads and no commission fees on the ForexValley Exchanger platform.
There is no information on the spreads on the broker’s website, so we tried out the broker’s demo account. Unfortunately, it turned out that the broker’s variable spreads are high, above 3 pips on EUR/USD, while most brokers offer spreads within the range of 1.0 – 1.5 for this pair.
The Company. Security of Funds
TFF Markets is a newly-launched brokerage that offers trading in currency pairs, commodity & index CFDs, on its web-based platform. The company behind the brand, TFF Markets Ltd., is registered in the Marshall Islands.
Companies registered on these Islands undergo a simple registration procedure and don’t face any strict requirements, nor are subject to supervision. This means that when doing business with such brokerages, traders will be receiving very limited regulatory protection and oversight, if any. Besides, a large percentage of offshore brokers indulge in fraudulent practices, and therefore we generally advise traders to avoid them and select among brokers regulated by the FCA, ASIC or another reliable regulatory body.
If you are looking for the widely used MetaTrader 4, you will not find it with this broker. Instead, it supports – a web-based platform, called ForexValley Exchanger. It is simple to use, requires no installation of additional software and is equipped with the basic trading tools, such charts, indicators, etc. It also has live feed, Social (Mirror) trading section, Economic calendar and other useful features. However, it lacks some of MT4’s key features, such as automated trading with EAs.
Methods of Payment
TFF Markets offers its clients the following payment modes: credit/debit card (Visa, MasterCard), bank wire transfer, PayPal, American Express, paysafecard, and Bitcoin.
TFF Markets is a young forex and CFD broker, whose main disadvantage is that it is registered offshore. Besides, it does not support the industry’s standard MT4 platform and offers wide spreads.
TFF Markets Review Conclusion
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