Overall, Tifia offers 3 account types for expert and beginner traders. Tifia account types include the Start Micro, ECN Classic and ECN Pro accounts. Tifia offers no demo accounts. Muslim traders can convert the Start Account or ECN Classic Account into an Islamic Swap-free Account.

Tifia at a Glance

Overall Rating

• 3.9/5

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Min Deposit

USD 10

Regulators

VFSC

Trading Platform

MT4, MT5

Crypto

No

Total Pairs

50+

Islamic Account

Yes

Trading Fees

Low

Account Activation

24 Hours

Tifia Keypoint Overview

• Tifia at a Glance
• Tifia Keypoint Overview
• Tifia Overview
• Tifia Account Types
• Tifia Account Features
• Tifia Demo Account
• Tifia Pros and Cons
• Customer Reviews
• Conclusion
• FAQ

Tifia Overview

✔️Tifia is an ECN/STP forex broker that headquarters in Vanuatu with offices in Thailand, Indonesia, Nigeria, and Pakistan. It is a fairly new broker and has been in operation since 2014.

🔥Dealings with Tifia is transparent and you get high-quality trading services and access to Tier-1 bank liquidity with the best prices and rapid execution.

⭐Tifia is strictly regulated and authorized by the Vanuatu Financial Services Commission (VFSC). On the website, Tifia ensures that all clients funds are kept in segregated accounts.

👉Vanuatu is an off-shore jurisdiction which means that Tifia is an off-shore broker and as such tends to have a less favourable reputation and potential traders should think carefully before investing with them.

📈However, on Tifia’s website, the broker states that it keeps client funds in separate accounts. This is to ensure the safety of traders’ funds under any force majeure circumstances by segregating a percentage of their investments. The funds can only be used by clients in trading activities.

🔎The broker offers traders trading in a limited amount of trading instruments across three live trading account types. This includes ECN trading with reliable trade execution speeds. Instruments to trade include forex, oil, metals, and indices.

🗨️Trading is done on the globally known and preferred MetaTrader 4 and MetaTrader 5 platform. Traders are also offered professional assistance, scalping and hedging.

🎓The broker does not provide any educational tools which could mean that it focuses more on the advanced trader than the beginner trader. On the other hand, it does provide some research tools which is of assistance to the more advanced trader.

👉Customers from the United States, Canada, Israel, Belgium, Japan, Mauritius, and the Republic of Vanuatu are not accepted as clients at Tifia.

Tifia Account Types

✔️Tifia offers their clients three live account types to choose from, namely the Start Account, ECN Classic Account, and ECN Pro Account.

⭐Traders will find that through these three live accounts, the broker offers competitive trading conditions along with comprehensive solutions and services.

Tifia Account Features

Features that can be expected on these live accounts are as follows:

Islamic Account

☪️Tifia offers Muslim traders who follow the Sharia law the option of opening an Islamic Account.

👉Traders can convert two of the live account types, namely the Start Account and the ECN Classic Account into an Islamic Swap-free Account without being charged during overnight positions of swaps or rollover interests.

✔️Islamic Swap-free accounts are subjected to Tifia’s approval.

🔍The purpose of an Islamic Account is that it caters specifically for Muslim traders who follow the Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitive.

💵Overnight fees are usually charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.

💰Traders should note that most of the features indicated on the Islamic account are the same as the normal live account such as minimum deposit, spreads, and more.

📧More information on the opening of an Islamic account and its features can be obtained from customer services.

💳Traders who are interested in registering for an Islamic account must contact Tifia’ customer support to verify the details of the account as conditions may have changed from the time of writing.

👉These changes are as per the broker’s discretion and/or changes in market conditions.

Tifia Demo Account

🗨️Tifia does not offer beginner or advanced traders the option of opening a demo account. A demo account can be utilized in many ways, including, but not limited to the following:

• A practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
• Traders who are evaluating and comparing brokers who would like to explore Tifia’ trading conditions in a risk-free environment.
• Traders who wish to evaluate their trading strategies in a mimicked live trading environment without risking their capital.

☪️Since only two live accounts can be changed into an Islamic account it should be noted that the account would have most of the same features as the live account type and allows traders to practice trading without any risk involved.

Tifia Pros and Cons

Customer Reviews

Excellent broker

Excellent broker. I like Tifia ECN because it is reliable and transparent, and withdrawn without any problem and quickly, support is always available and they are professionals at the time of a problem, the interface is simple and manageable, for me the best broker I recommend Tifia ECN.

Good broker

Very funny to read reviews about “fake broker”. Our team has earned money with Tifia and got all withdrawals quick. We work more than 1 year in Tifia. This broker is in top 3 brokers that we use.

they need to improve on indices contract size mt5.

i put my trust in this because my cousin said that this is one of the trusted broker.
because i prefer using mt5 and trading with indicies i notice that the contract size for dow jone and sp500 is very high which is 100,usually the contract for indicies is usually 1 which mean with 1.00 volume/lots is equal to 1usd per point.usually with indicies people prefer earning profit by points and not pip.

and secondly,i make a demo account but i never knew how to log in on demo account since i did not get any email for the password to login into the demo account and the server is unknown.

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Conclusion

Overall, Tifia currently offers 3 account types to traders. There is no demo account available at the moment. Muslim traders can convert the Start Account or ECN Classic Account into an Islamic Swap-free Account.

Frequently Asked Questions

Can South African traders trade commodities with Tifia?

Yes, South African traders can trade Commodities with Tifia as well as Forex, Oil and Indices

Which platforms are supported by Tifia?

Tifia supports the very popular MetaTrader 4 and MetaTrader 5 platforms as well as mobile platforms.

Does Tifia offer leverage?

Yes. Tifia offers leverage of up to 1: 1000.

What are the live trading accounts for Tifia?

Live trading accounts for Tifia include:

• The Start Account
• ECN Classic Account
• ECN Pro Account

Is Tifia regulated?

Yes. Tifia is regulated by the Vanuatu Financial Services Commission VFSC.