Tifia Review For Beginners
A step by step tutorial on Tifia's offerings including their accounts, spread fees, trading applications and more.
This Video Overview Includes:
📢 Trading products
📢 Account types
📢 Trading platforms
📢Opening an account
📢 Educational resources
📢 And more...
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0:25 Overview
3:10 Trading platforms
4:23 Account types
6:46 Opening an account
7:54 Educational resources
8:42 Conclusion
Read our Video Script:
Tifia Markets Limited is licensed as a Dealer in Securities and is regulated in accordance with the "Dealers in Securities Licensing Act " of the Republic of Vanuatu. They offer 3 flexible ECN and STP account types and more than 120 tradable instruments. Tifia is an excellent option for social traders who would like to make use of a copy trading system and there are 4 methods of copy trading that you can use as a Tifia client. Despite the lack of educational material, Tifia requires a low minimum deposit of only $10 and MetaTrader 4 and 5 are beginner-friendly trading platforms that can be downloaded for free, so you can either practice on a demo account and use tutorials from other sources, or open a low-risk live account if you already have some trading experience. Tifia allows scalping and hedging and you can also use Expert Advisors and automated trading strategies. As a Tifia client, Tier-1 Bank Liquidity is guaranteed and you can enjoy low margin requirements and ultra-tight spreads, starting as low as 0.1 pips.
Tifia is a MetaTrader-friendlty broker and you can use both MT4 and MT5 as a Tifia client. If you are interested in using both platforms, we recommend opening an ECN Classic account, but if you are comfortable using MT4 only then you can open any of the 3 account types. MetaTrader 4 and 5 are currently ranking amongst the most popular trading platforms in the world. MT4 was released in 2005 and MT5 was released 5 years later. These platforms are renowned for their advanced analysis tools, thousands of technical indicators, customizable charts, EA and algorithmic trading support and much more. These platforms come with easy-to-read, interactive charts and you can monitor and analyse the markets in real-time. You will have access to more than 30 technical indicators and there are several different timeframes to choose from.
Tifia offers 3 types of live trading accounts and you have the option of using a risk-free demo account if you would like to test new strategies or if you have never traded before. All accounts use a market execution model and can be used as demo accounts. Some other features that all 3 accounts have in common are that there are no requotes and scalping, hedging and EAs are allowed on all accounts. The Start Micro and ECN Classic accounts allow a maximum leverage of 1:1000 and can be converted to swap-free accounts. They are commission-free accounts that are eligible for trading bonuses and we recommend these accounts for beginners and intermediate traders. The Start Micro account requires the lowest minimum deposit (10 USD) before offers higher spreads, starting at 2.2 pips. This account can be used on the MetaTrader 4 platform and can be funded using USD (Dollars), EUR (Euros) or NGN (Nairas). The Start Micro account can be used to trade 28 Forex pairs and 2 Metals. We recommend this account if you are new to trading and if you are looking for as beginner-friendly swap-free account. The ECN Classic account requires a higher minimum deposit of $100 and it can be used on MT4 and MT5. The spreads on the ECN Classic account start at 1.1 pips and you can trade 37 Forex pairs, 4 Metals and 2 Commodities on this account. We recommend using this account if you are a more experienced trader who wants to trade with no commission fees and if you are looking for a flexible swap-free account. Finally, the ECN Pro account requires a minimum deposit of $500 but it offers incredibly tight spreads, starting at 0 pips. This account charges low commission fees but you have access to 50 Forex pairs, 6 Metals, 2 Commodities, 10 Indices and 53 Stocks.
What we like the most about Tifia is that they offer flexible account types and allow copy trading. You can start trading Forex for as little as $10 and professional traders have access to incredibly tight spreads. It is unclear whether Tifia is formally regulated by any tier-1 or 2 agencies, but all their legal documentation is available to the public which adds some credibility to their reputation. Open an account with Tifia today to claim your bonuses!
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