What Account Types and Fees Does TFI Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Accessible trading environment with standard features |
Suitable for small-capital practice |
| Professional Account |
Experienced traders |
Enhanced features, including higher leverage |
Requires proof of trading experience or volume |
| Corporate Account |
Corporate clients |
Custom services tailored for business needs |
Requires corporate documentation |
| Islamic Account |
Traders requiring Sharia-compliant options |
Swap-free trading environment |
Available upon request |
| Demo Account |
All types of traders |
Practice trading without financial risk |
Perfect for testing strategies |
Account Opening Process
To open an account with TFI Markets Ltd, prospective clients must follow a structured process that includes submitting personal, employment, and financial information. This involves providing identity verification documents such as an official ID and proof of address. Once the initial account is created, clients may enjoy flexibility, including the option to upgrade to a professional account later based on their trading experience or volume.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/JPY) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive rates for minor pairs |
| CFDs (S&P 500) |
1.5 |
$0 |
Standard rates for indices |
| CFDs (Gold) |
2.0 |
$0 |
Standard rates for commodities |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on volatility |
Other Fees
TFI Markets may impose various fees that traders should be aware of, including deposit and withdrawal fees, which can vary based on the method used. Additionally, there may be inactivity fees for dormant accounts, platform usage fees if applicable, overnight interest charges (swap rates) for positions held overnight, and currency conversion fees for transactions involving multiple currencies.
