What Account Types and Fees Does TFI SECURITIES AND FUTURES Offer?
| Account Type |
Target User Group |
Essential Characteristics |
Applicability Notes |
| Retail Account |
Beginners and casual traders |
Low minimum deposit, easy access to trading platforms |
Designed for individuals looking to trade with smaller capital |
| Professional Account |
Experienced traders and investors |
Higher leverage options, reduced spreads |
Requires demonstrated trading experience and capital |
| Corporate Account |
Business entities and institutions |
Customizable services, dedicated support |
Requires corporate documentation and verification |
| Islamic Account |
Traders adhering to Islamic finance principles |
Swap-free trading, compliance with Sharia law |
Available for traders who cannot engage in interest-based transactions |
| Demo Account |
New traders and those testing strategies |
Risk-free trading environment, virtual funds |
Ideal for practice without financial exposure |
Account Opening Process
To open an account with TFI Securities and Futures, prospective clients must follow a straightforward process. First, they need to submit personal information, including full name, contact details, and date of birth. Next, employment information, such as occupation and employer details, is required. Additionally, clients must provide financial information regarding their trading experience and investment goals. Identity verification is essential, necessitating documents like a government-issued ID and proof of address. TFI Securities and Futures offers flexibility, allowing clients to upgrade to a professional account later if they meet the necessary qualifications.
Trading Fees
| Product |
Spread (pips) |
Commission |
Notes |
| Forex (EUR/USD) |
0.8 |
$0 (ECN: $3.5/lot) |
Tight spreads for majors |
| Forex (GBP/USD) |
1.0 |
$0 (ECN: $3.5/lot) |
Competitive for major pairs |
| CFDs (Stocks) |
0.2 |
$0.01 per share |
Varies by stock and market conditions |
| CFDs (Indices) |
1.2 |
$0.5 per contract |
Includes major global indices |
| CFDs (Commodities) |
2.0 |
$0.2 per contract |
Includes oil and gold |
| Cryptos (BTC/USD) |
1.0% |
0.1% |
Variable depending on market volatility |
Other Fees
Clients should be aware of various fees associated with their accounts. Deposit and withdrawal fees may apply, depending on the method chosen. Inactivity fees are charged if the account remains dormant for an extended period. Platform usage fees might also be applicable for certain trading platforms. Additionally, overnight interest or swap rates can incur costs for holding positions overnight, while currency conversion fees may apply for transactions involving different currencies.
