TFIFX

TFIFX, is the online brand of TFI pcl, a financial services public company founded in 1999 to provide treasury services to European investors. TFIFX entered the online Retail Foreign exchange market and deliverable forex services in 2006. The company is a strong advocate towards low trading leverages. In a Raconteur article featured in The Times of London regarding the 2010 Commodity Futures Trading Commission regulation, CEO Loucas Marangos said that “The industry itself should rethink offered leverage levels rather than wait for regulation to impose caps.”.

Technology

TFIFX’s online platform uses the MetaTrader 4 system to facilitate trades over single or multiple client terminals, web-enabled mobile phones and smart phones. The platform is adapted towards online retail foreign exchange (forex) trading, online foreign currency transfers, forex news and Contract for difference (CFD). TFIFX’s pricing is based on fixed spreads while transactions are executed at market rates at all market conditions. Prices are derived directly from the Interbank market. TFIFX generates income by adding or subtracting Percentage in point (PIP) to the interbank market spread. All clients have a pre-agreed cut-out level which varies according to clients leverage and margin.

Regulatory information

After changes in European regulation in 2007 and 2010 that brought margin FX trading under the supervision of the CySEC, TFI pcl formed a 100% wholly owned subsidiary entity, TFI Markets Ltd (TFM). TFM was approved by the CySEC as a CIF in April 2010 (license no. 117/10), which complies with Markets in Financial Instruments Directive (MiFID). TFIM started operations as a CIF on May 10, 2010 with a paid up capital of $5m offering the regulated services of receipt and transmission of orders (R&T), Dealing for Own account (DOA) and also acting as a Payment Institution for its institutional clients. TFI Markets Ltd is audited by Deloitte and KPMG.

In the media

TFIFX's chairman Chris Pavlou has been featured in BBC’s foreign exchange documentary Billion Dollar Day in June 4, 1985 as Head of Treasury at Barclays in London. TFIFX analysts periodically publish Fundamental analysis & Technical analysis educational articles in FXstreet.