Exness Review
Tifia Review
Overall, Tifia is considered low-risk, with an overall Trust Score of 75% out of 100. Tifia offers three different retail trading accounts as well as Demo and Islamic accounts. Tifia has a minimum deposit of $10 (1 336 BWP). Tifia is currently not regulated by the Central Bank of Botswana.
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Trading Platforms
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.5/5
Min Deposit
USD 10 / 134 BWP
Regulators
FSC
Trading Desk
Meta Trader 4
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Tifia Review – 23 key points quick overview:
Tifia Overview
👉 Overall, Tifia is considered average risk, with an overall Trust Score of 75 out of 100. Tifia is licensed by zero Tier-1 Regulators (high trust), zero Tier-2 Regulators (average trust), and two Tier-3 Regulators (low trust). Tifia offers three different retail trading accounts: a Start Account (Micro), ECN Classic Account, and ECN Pro Account.
👉 Tifia was founded in 2014 and is one of the ECN/STP forex brokers that offers its customers fair and open trading conditions. Provides high-quality trading services and access to Tier-1 banking liquidity while collaborating with Tifia without creating conflicts of interest.
👉 When it comes to the FX market, Tifia Forex broker is in a class of its own. Traders using Tifia may use tactics like scalping, automated EA, and news trading.
👉 However, no matter what trading approach they use, their customers are given complete autonomy and convenience.
👉 When it comes to the major Forex products, Tifia offers competitive spreads. Tifia works hard to provide stable prices for its services and competitive exchange rates in market situations.
👉 Tifia accepts Botswanan clients and has an average spread of 0.0 pips with commissions from 8 USD on the ECN Pro Account. Tifia has a maximum leverage ratio of up to 1:1000, and a demo and Islamic account are available.
👉 The MT4 and MT5 platforms are supported on desktop, web, and mobile. Tifia is headquartered in the Republic of Vanuatu and is regulated by the FSC in Mauritius and VFSC in Vanuatu.
Tifia Distribution of Traders
👉 Not enough information is available to evaluate the geographic spread of this broker’s clients. However, besides residents of the USA, Canada, Israel, Belgium, Japan, Mauritius, and Vanuatu, traders from other countries are welcome to open accounts with this broker.
Popularity among traders who choose Tifia
👉 While Tifia is not locally regulated in Botswana, the broker still accepts Botswanan traders, making this one of the top 75 brokers for Botswanan retail traders.
Tifia At a Glance
| 🏛 Headquartered | The Republic of Vanuatu |
| 🌎 Global Offices | Nigeria, Vanuatu, Spain, Philippines |
| 🏛 Local Market Regulators in Botswana | • Ministry of Finance and Economic Development (MFED) • Bank of Botswana (BoB) • Non-Bank Financial Institutions Regulatory Authority (NBFIRA) |
| 💳 Foreign Direct Investment in Botswana | 115.89 BWP Million in 2021 |
| 💰 Foreign Exchange Reserves in Botswana | 5270 USD Million in 2021 |
| ✔️ Local office in Gaborone? | No |
| 👨⚖️ Governor of SEC in Botswana | None, Moses Dinekere Pelaelo is the Governor of the Bank of Botswana |
| ✔️ Accepts Botswana Traders? | Yes |
| 📊 Year Founded | 2011 |
| 📞 Botswana Office Contact Number | None |
| 📱 Social Media Platforms | • Instagram • Telegram |
| ⚖️ Regulation | VFSC, FSC |
| 1️⃣ Tier-1 Licenses | None |
| 2️⃣ Tier-2 Licenses | None |
| 3️⃣ Tier-3 Licenses | • The Vanuatu Financial Services Commission (VFSC) • The Financial Services Commission in Mauritius (FSC) |
| 🪪 License Number | • 40209 • FSC Regulation |
| ⚖️ MFED, BoB, or NBFIRA Regulation | No |
| ✔️ Regional Restrictions | United States, Vanuatu, Japan, Canada, Israel, Belgium, and Mauritius, among others |
| ☪️ Islamic Account | No |
| 💻 Demo Account | Yes |
| 🛍 Retail Investor Accounts | 3 |
| ✔️ PAMM Accounts | No |
| 💻 Liquidity Providers | Bank of America, Barclays, BNP Paribas, Citibank, Commerzbank, Credit Suisse, Deutsche Bank, Goldman Sachs, HSBC, J.P Morgan, Morgan Stanley, Nomura, RBS, SEB, and UBS |
| ✔️ Affiliate Program | Yes |
| 📱 Order Execution | Market |
| 📊 Starting spread | 0.0 pips |
| 📉 Minimum Commission per Trade | From $8 |
| 💰 Decimal Pricing | Up to 5 digits after the comma |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 📉 Minimum Trade Size | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots |
| ✅ Crypto trading offered? | No |
| ✔️ Offers a BWP Account? | No |
| 📉 Dedicated Botswana Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📊 Leverage Restrictions for Botswana? | No |
| 💳 Minimum Deposit (BWP) | 130 BWP or an equivalent of $10 |
| ✔️ Botswana Pula Deposits Allowed? | No |
| 📊 Active Botswana Trader Stats | 250,000+ |
| 👥 Active Botswana-based Tifia customers | Unknown |
| 🔁 Botswana Daily Forex Turnover | Unknown, Forex overall is $6.6 Trillion |
| 💰 Deposit and Withdrawal Options | • Bank Wire Transfer • Credit Card • Debit Card • Skrill • Perfect Money • Fasapay • Neteller • Local Deposit • Bitcoin Transfer |
| 💻 Minimum Withdrawal Time | Instant |
| ⏰ Maximum Estimated Withdrawal Time | Between 2 to 5 working days |
| 💳 Instant Deposits and Instant Withdrawals? | Yes |
| 🏛 Segregated Accounts with Botswana Banks? | No |
| 📱 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Tifia Forex Analysis App |
| 💻 Tradable Assets | • Forex • Precious Metals • Commodities • Indices • Stocks |
| ✔️ Offers USD/BWP currency pair? | No |
| 📊 USD/BWP Average Spread | No |
| ✅ Offers Botswana Stocks and CFDs | No |
| 💻 Languages supported on the Website | Spanish, Arabic, French, Indonesian, Malay, Portuguese, Thai, Vietnamese, Chinese |
| ☎️ Customer Support Languages | Multilingual |
| 👥 Copy Trading Support | Yes |
| ⏰ Customer Service Hours | 24/5 |
| 📞 Botswana-based customer support? | Yes |
| 💸 Bonuses and Promotions for Botswanans? | Yes |
| 📚 Education for Botswana beginner traders | Yes |
| 📱 Proprietary trading software | No |
| 🤝 Most Successful Trader in Botswana | Currently unknown |
| ✔️ Is Tifia a safe broker for Botswana Traders? | Yes |
| 🎖 Rating for Tifia Botswana | 7/10 |
| 🥇 Trust score for Tifia Botswana | 75% |
| 👉 Open Account | 👉 Open Account |
Tifia Regulation and Safety of Funds
Tifia Regulation in Botswana
👉 The local market regulators in Botswana are as follows:
➡️ Ministry of Finance and Economic Development (MFED)
➡️ Bank of Botswana (BoB)
➡️ Non-Bank Financial Institutions Regulatory Authority (NBFIRA)
👉 While Tifia is regulated globally, the broker does not yet have local regulations or licenses in Botswana. However, Tifia is a popular and trustworthy broker that accommodates Botswanan traders.
Tifia Global Regulations
👉 Tifia Markets Limited is a Global Business Corporation based in the Republic of Mauritius, registered with the Financial Services Commission as an Investment Dealer (FSC).
👉 Outside of banking and foreign trade, all financial services in Mauritius are under the purview of the Financial Services Commission.
👉 According to the “Dealers in Securities of the Republic of Vanuatu,” Tifia Markets Limited has a “Dealer in Securities” license from the “Ministry of Finance and Economic Management.”
👉 Trading in Foreign Exchange, Precious Metals, Commodities, Fund Management, Clearing, Primary Brokering, and other legitimate activities are all within the scope of Tifia Markets Limited’s Principal License.
Tifia Client Fund Security and Safety Features
👉 Tifia states that it does not and will not use client funds for its operations and that all client monies are kept in accounts independent of the broker’s.
👉 To protect client funds in case of broker insolvency, funds are kept in a separate account. As a result, customers can feel more at ease knowing that their broker is subject to rules to protect their money if they are regulated.
Tifia Awards and Recognition
👉 There are currently no awards or recognition displayed on the official Tifia website.
Tifia Account Types and Features
👉 Tifia provides users with three distinct account options. Traders can choose one that best suits their needs regarding trading money, trading experience, and other factors.
👉 Spreads on commission-free accounts often involve transaction costs, whereas spreads on commission-based accounts are typically narrower. Botswanans can choose from these account types:
➡️ A Start Account (Micro)
➡️ ECN Classic Account
➡️ ECN Pro Account
| 💻 Live Account | 💳 Minimum Dep. | 📊 Average Spread | 💸 Commissions | 💰 Average Trading Cost |
| Start | 130 BWP / 10 USD | 2.2 pips | None | 22 USD |
| ECN Classic | 1,300 BWP / 100 USD | 1.1 pips | None | 11 USD |
| ECN Pro | 6,600 BWP / 500 USD | 0.0 pips | 8 USD per lot | 8 USD |
Tifia Live Trading Account Details
A Start Account (Micro)
👉 For those just starting in the trading world, this is a great account to start with. In addition, it is a great tool for investors interested in self-assessing their trading strategies.
| Account Feature | Value |
| 💵 Minimum Deposit Requirement | 130 BWP or an equivalent of $10 |
| 📊 Average Spreads | From 2.2 pips |
| 💻 Trading Platform | MetaTrader 4 |
| 💸 Account Base Currency | USD, EUR, NGN |
| 💰 Commissions, per round turn lot | None |
| 💳 Execution Type | Market |
| 📈 Maximum Leverage | 1:1000 |
| 📉 Maximum Lot Size | 10,000 |
| ✅ Minimum Trade Size | 0.01 lots |
| 📊 Maximum Trade Size | 100 lots |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💵 Requotes on Trades | None |
| 💰 Trade Rejection | None |
| ☪️ Islamic Account Offered? | Yes |
| ✔️ Demo Account Offered? | Yes |
| ✅ Trading Strategies Allowed | Scalping, Expert Advisors, Hedging |
| 💻 Bonuses offered? | Yes |
| 📊 The range of Markets offered on this account | • 28 Forex Pairs • 2 Precious Metals |
ECN Classic Account
👉 Botswanan traders who are more experienced will benefit the most from this advanced trading account. The accounts’ spreads are tighter, and there are no commission charges. In addition, Botswanans also have access to these features:
| Account Feature | Value |
| 💵 Minimum Deposit Requirement | 1,300 BWP or an equivalent to $100 |
| 📊 Average Spreads | From 1.1 pips |
| 💻 Trading Platform | • MetaTrader 4 • MetaTrader 5 |
| 💸 Account Base Currency | USD, EUR, NGN, PLN, GBP |
| 💰 Commissions, per round turn lot | None |
| 💳 Execution Type | Market |
| 📈 Maximum Leverage | 1:1000 |
| 📉 Maximum Lot Size | 10,000 |
| ✅ Minimum Trade Size | 0.01 lots |
| 📊 Maximum Trade Size | 100 lots |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💵 Requotes on Trades | None |
| 💰 Trade Rejection | None |
| ☪️ Islamic Account Offered? | Yes |
| ✔️ Demo Account Offered? | Yes |
| ✅ Trading Strategies Allowed | Scalping, Expert Advisors, Hedging |
| 💻 Bonuses offered? | Yes |
| 📊 The range of Markets offered on this account | • 34 Forex Pairs • 4 Precious Metals • 2 Commodities |
ECN Pro Account
👉 The Professional Account caters to seasoned traders who regularly trade significant volumes and are interested in a higher level of service and features.
| Account Feature | Value |
| 💵 Minimum Deposit Requirement | 6,600 BWP or an equivalent to $500 |
| 📊 Average Spreads | From 0.0 pips |
| 💻 Trading Platform | • MetaTrader 4 |
| 💸 Account Base Currency | USD, EUR, NGN, PLN, GBP |
| 💰 Commissions, per round turn lot | $8 |
| 💳 Execution Type | Market |
| 📈 Maximum Leverage | 1:1000 |
| 📉 Maximum Lot Size | 10,000 |
| ✅ Minimum Trade Size | 0.01 lots |
| 📊 Maximum Trade Size | 100 lots |
| 📞 Margin Call | 100% |
| 🛑 Stop-Out | 50% |
| 💵 Requotes on Trades | None |
| 💰 Trade Rejection | None |
| ☪️ Islamic Account Offered? | Yes |
| ✔️ Demo Account Offered? | Yes |
| ✅ Trading Strategies Allowed | Scalping, Expert Advisors, Hedging |
| 💻 Bonuses offered? | Yes |
| 📊 The range of Markets offered on this account | • 50 Forex Pairs • 6 Precious Metals • 2 Commodities • 10 Indices • 53 Stocks |
Tifia Base Account Currencies
👉 Traders who register a trading account with Tifia can choose between USD, EUR, NGN, PLN, or GBP as the base currency of a trading account. However, BWP is not an accepted currency, which could subject traders to currency conversion fees.
Tifia Demo Account
👉 You could try out the markets and new tactics risk-free with a demo account. If a demo account is utilized at least once per 90 days, it will stay active eternally. Inactive demo accounts could be deleted and replaced with fresh ones at any time.
Tifia Islamic Account
👉 Forex traders could leave open positions for more than one trading day if they want. The forex trader’s trading style and approach will define the timeframe.
👉 The trader could pay a fee for staying overnight or rolling over their position. In addition, because this kind of interest is forbidden under the Riba principles of Sharia law, Muslim traders often face restrictions while engaging in forex trading.
👉 Swap costs are associated with all three accounts; these are expenses charged for holding transactions overnight. However, a swap-free Islamic option is associated with the Starter and Classic accounts, which eliminates these fees.
How to open an Account with Tifia in Botswana
➡️ Traders in Botswana can easily create a trading account with Tifia by going to the company’s website and clicking the “Open Account” button there.
➡️ After the trader has entered their full name, country of origin, phone number, and email address into the appropriate fields, they may click “Sign Up” to finish the process.
➡️ The trader’s phone number is texted with a six-digit verification code, which can be used to verify the trader’s identity on the web app.
➡️ Following the data entry process, traders must provide a password and choose an account type inside the traders’ cabinet.
➡️ Through their Client Cabinet, Botswanan traders may quickly and conveniently make deposits, establish demo accounts, create additional real trading accounts, authenticate their accounts, set up social trading, and withdraw their monies.
Tifia Vs FXCM Vs Admirals – Broker Comparison
| 🥇 Tifia | 🥈 FXCM | 🥉 Admirals | |
| ⚖️ Regulation | VFSC, FSC | FCA, ASIC, CySEC, FSCA | FCA, ASIC, CySEC, EFSA, JSC, FSCA |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Tifia Forex Analysis App | • Trading Station • MetaTrader 4 • NinjaTrader • ZuluTrade • Capitalise AI • TradingView Pro • QuantConnect • MotiveWave • AgenaTrader • Sierra Chart • SeerTrading • NeuroShell Trader | • MetaTrader 4 • MetaTrader 5 • Admirals Mobile App |
| 💰 Withdrawal Fee | Yes | Yes, bank wire | Yes |
| 📊 Demo Account | Yes | Yes | Yes |
| 📈 Minimum Deposit | 130 BWP | 660 BWP | 13 BWP |
| 📊 Leverage | 1:1000 | • 1:30 (FCA) • 1:400 (Other Reg) | • 1:30 Retail • 1:500 Professional |
| 📊 Spread | From 0.0 pips | 0.2 pips | 0.0 pips |
| 💰 Commissions | $8 | $25 per $1m traded | From $0.02 |
| ✴️ Margin Call/Stop-Out | 100% | 100%/50% | 100%/50% |
| 💻 Order Execution | 50% | Market | Market, Exchange |
| 💳 No-Deposit Bonus | Yes | No | No |
| 📊 Cent Accounts | Yes | No | No |
| 📈 Account Types | • A Start Account (Micro) • ECN Classic Account • ECN Pro Account | • Spread Betting • CFD Trading • Active Trader • Professional Trader | • Trade.MT5 • Invest.MT5 • Zero.MT5 • Bets.MT5 • Trade.MT4 • Zero.MT4 |
| ⚖️ CBN Regulation | No | No | No |
| 💳 BWP Deposits | Yes | No | Yes |
| 📊 Botswana Pula Account | No | No | No |
| 👥 Customer Service Hours | 24/5 | 24/5 | 24/5 |
| 📊 Retail Investor Accounts | 3 | 1 | 6 |
| ☪️ Islamic Account | No | Yes | Yes |
| 📉 Minimum Trade Size | 0.01 lots | 0.01 lots | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | 50 million per trade on Forex | 200 lots |
| 💰 Minimum Withdrawal Time | Instant | Instant | Instant |
| 📊 Maximum Estimated Withdrawal Time | Between 2 to 5 working days | Up to 2 working days | Between 3 to 5 working days |
| 💸 Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Tifia Trading Platforms
👉 Tifia offers Botswanan traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Tifia Forex Analysis App
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 In terms of online trading, the MT4 platform is top-notch because of its advanced chart analysis features.
👉 As a cross-platform software, MT4 may be used on various gadgets. It is intuitive, with plenty of chart space and many customization options.
👉 The market watch displays the live, dynamic pricing of various trading instruments. Line, bar, and candlestick charts may all be generated. Nine timeframes are available for viewing the charts, with options ranging from a single minute to an entire month.
👉 In addition, as many as 30 technical indicators and 24 pieces of analysis are available immediately.
MetaTrader 5
👉 After the success of its predecessor, the MetaTrader 4 (MT4) platform, developers set out to create an even more powerful and professional trading platform with MetaTrader 5 (MT5). It shares MT4’s user interface and functionality since it was made by the same business, MetaQuotes Software Inc.
👉 However, the MT5 platform is much more potent because of its enhanced functionality. Comparatively, MT4 only contains 30 technical indicators, whereas MT5 has 38. In addition, up to 21 timeframes could be shown in charts, and six distinct types of pending orders are supported.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 Botswanan traders can also use MetaTrader 4 on web browsers, which provides professional trading tools such as advanced chart analysis. In addition, MT4 is compatible with a broad range of different platforms.
👉 With several chart panes and completely flexible layouts, it is easy to start immediately. In real-time, the market monitor shows the prices of trading instruments. All chart types are available, including line, bar, and candlestick.
MetaTrader 5
👉 MetaTrader 5’s WebTrader allows traders to open 100 charts simultaneously. The charting method has a total of 21 periods. There are 80 analytical and technical indicators pre-installed. In addition, 39 visual components and 38 technical indications are offered.
👉 It features four scale settings and a total of seventeen indication display layouts. These remarkable technical analysis tools might help traders prepare for a few market conditions.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Tifia Forex Analysis App
MetaTrader 4
👉 Tifia offers trading access through the MetaTrader 4 Windows desktop program, the MetaTrader 4 internet platform, and the MetaTrader 4 mobile applications.
👉 Botswanan traders who wish to monitor markets and trade on the go may benefit from the MetaTrader 4 trading app. It allows traders to do deals from any location with a reliable internet connection.
MetaTrader 5
👉 The full MetaTrader 5 trading software offers traders a few critical features that may be accessed through an Android or iOS-based mobile device. Charting tools, technical indicators, and fundamental data are all available to traders.
Tifia Forex Analysis App
👉 Finally, the Tifia mobile app gives Botswanans access to the most popular types of analysis, the most current evaluations, expert comments, and forecasts, as well as several additional analytical tools that could help users improve and guide their trading decisions.
Tifia Range of Markets
👉 Botswanan traders can expect the following range of markets from Tifia:
➡️ Forex
➡️ Precious Metals
➡️ Commodities
➡️ Indices
➡️ Stocks
Broker Comparison for a Range of Markets
| Tifia | FXCM | Admirals | |
| ➡️️ Forex | Yes | Yes | Yes |
| ➡️️ Precious Metals | Yes | Yes | Yes |
| ➡️️ ETFs | No | No | Yes |
| ➡️️ CFDs | Yes | Yes | Yes |
| ➡️️ Indices | Yes | Yes | Yes |
| ➡️️ Stocks | Yes | Yes | Yes |
| ➡️️ Cryptocurrency | No | Yes | Yes |
| ➡️️ Options | No | No | No |
| ➡️️ Energies | No | Yes | Yes |
| ➡️️ Bonds | No | No | Yes |
Tifia Trading and Non-Trading Fees
Spreads
👉 Tifia provides traders with tight, competitive spreads. However, spreads are varied and are determined by the kind of account used by traders, the financial instrument exchanged, and the current market conditions on t he trading day.
👉 The following are some common EUR/USD spreads that traders may encounter:
➡️ A Start Account (Micro) – from 2.2 pips
➡️ ECN Classic Account – from 1.1 pips
➡️ ECN Pro Account – from 0.0 pips
Commissions
👉 Tifia only levies costs on its ECN Pro Account; while using this account, traders can expect to pay $8 per round turn lot in fees. This is because Tifia’s fees are exclusive to this account.
Overnight Fees, Rollovers, or Swaps
👉 When traders keep open positions for more than a day, they are subject to overnight costs. Whether traders are long or short, the size of the position, the duration of the position, and the financial instrument all have a role in determining the expenses associated with the transaction.
👉 Traders should anticipate the following overnight fees:
| 🔧 Instrument | 📈 Long (Buy) Swap | 📉 Short (Sell) Swap |
| EUR/USD | -5.863 pips | -0.19 pips |
| GBP/USD | -6.006 pips | -5.0136 pips |
| UKBrent | -30 pips | -7 pips |
| USCrude | -23 pips | -6 pips |
| XAG/USD | -1.521 pips | -0.4485 pips |
| XAU/USD | -5.06 pips | -4.48 pips |
| FTSE | -3.599 pips | -3.481 pips |
| SPX | -3.785 pips | -3.425 pips |
Deposit and Withdrawal Fees
👉 When citizens of Botswana deposit money, they are not subject to fees. However, the fees associated with withdrawals are as follows:
➡️ Bank Wire Transfer – a minimum of 35 USD or 30 EUR
➡️ Credit and Debit card – 0% + 4 USD or EUR
➡️ Skrill – 1%
➡️ Perfect Money – 0.50%
➡️ Fasapay – 0.50%
➡️ Neteller – 2%
Inactivity Fees
👉 Inactivity fees are not charged on dormant accounts.
Currency Conversion Fees
👉 When traders deposit or withdraw funds in currencies other than the accepted base currencies per the trading account, they could face currency conversion fees according to the exchange rate between the currencies on the day of trading, or Tifia might apply a flat conversion fee.
Tifia Deposits and Withdrawals
👉 Tifia offers the following deposit and withdrawal methods:
➡️ Bank Wire Transfer
➡️ Credit Card
➡️ Debit Card
➡️ Skrill
➡️ Perfect Money
➡️ Fasapay
➡️ Neteller
➡️ Local Deposit
➡️ Bitcoin Transfer
Broker Comparison: Deposit and Withdrawals
| 🥇 Tifia | 🥈 FXCM | 🥉 Admirals | |
| Minimum Withdrawal Time | Instant | Instant | Instant |
| Maximum Estimated Withdrawal Time | Between 2 to 5 working days | Up to 2 working days | Between 3 to 5 working days |
| Instant Deposits and Instant Withdrawals? | Yes | Yes | Yes |
Deposit Currencies, Withdrawal Fees, Deposit and Withdrawal Processing Times
| 💳 Payment Method | 💵 Accepted Currencies | 💳 Withdrawal Fees | 💸 Deposit Time | 💰 Withdrawal Time |
| Bank Wire Transfer | USD, EUR | Min $35/€30 | 2 – 5 Working Days | 2 – 5 Working Days |
| Credit Card | USD | 0% + $4/€4 | Instant | 2 – 5 Working Days |
| Debit Card | USD | 0% + $4/€4 | Instant | 2 – 5 Working Days |
| Skrill | USD, EUR | 1% | Instant | 1 – 2 Hours |
| Perfect Money | USD, EUR | 0.5% | Instant | 1 – 2 Hours |
| Fasapay | USD, EUR | 0.5% | Instant | 1 – 2 Hours |
| Neteller | USD, EUR | 2% | Instant | 1 – 2 Hours |
| Local Deposit | MYR, IDR, THB, VND, BRD, NGN | None | 1 – 2 Working Days | 1 – 2 Working Days |
| Bitcoin Transfer | BTC | None | 1 Working Day | 1 – 2 Hours |
How to Deposit Funds with Tifia
👉 To deposit funds to an account with Tifia, Botswanan traders can follow these steps:
➡️ Traders must verify their accounts before they may make a deposit.
➡️ To make a deposit, traders must log in to their Client Cabinet and choose the relevant menu item.
➡️ Traders in Botswana can fund their accounts utilizing several electronic payment methods, or traders could fund their accounts with wire transfers or credit cards.
Tifia Fund Withdrawal Process
👉 To withdraw funds from an account with Tifia, Botswanan traders can follow these steps:
➡️ Traders may request a withdrawal by going to the “Withdraw” tab in their “Client Cabinet.” In addition, Tifia’s website allows traders to choose a withdrawal method, enter the amount they want to withdraw, and submit the request to the relevant Tifia department.
➡️ Suppose the trading account has adequate liquid cash, and the profile has been properly verified. In that case, withdrawal requests are executed within two hours during business hours.
➡️ A withdrawal request might take up to three business days to process. Bank card and wire transfer withdrawals might take up to five banking business days to process.
Tifia Education and Research
Education
👉 Tifia does not currently offer comprehensive educational materials, tools, or resources.
Research and Trading Tool Comparison
| 🥇 Tifia | 🥈 FXCM | 🥉 Admirals | |
| ➡️ Economic Calendar | Yes | Yes | Yes |
| ➡️ VPS | No | Yes | No |
| ➡️ AutoChartist | No | No | No |
| ➡️ Trading View | No | Yes | No |
| ➡️ Trading Central | No | No | Yes |
| ➡️ Market Analysis | No | Yes | Yes |
| ➡️ News Feed | Yes | Yes | Yes |
| ➡️ Blog | Yes | Yes | Yes |
👉 Tifia also offers Botswanan traders the following additional Research and Trading Tools:
➡️ Financial Markets Analysis
➡️ Analytics from Claws & Horns
➡️ Trader’s Calculator
➡️ Economic Calendar
Tifia Bonuses and Promotions
👉 Tifia offers Botswanan traders the following bonuses and promotions:
➡️ A 100% Loyalty Program
➡️ A 30% deposit bonus
➡️ Forex Cashback initiative
➡️ Partner Promotions
How to open an Affiliate Account with Tifia
👉 To register an Affiliate Account, Botswanan traders can follow these steps:
➡️ Go to the “Partnership” section of Tifia’s main website.
➡️ Access the “For Partners” tab.
➡️ Go to the Website and click “Open a Trading Account.”
➡️ Fill out the account registration and verification.
➡️ After completing account verification and your live trading account has been authorized, you may join the affiliate program.
Tifia Affiliate Program Features
👉 Botswanans may use Tifia’s powerful affiliate network to earn up to $20 for each referral sale of a property. Additionally, affiliates have access to the following, and partners may receive 10% of any commissions earned by Sub-Introducing Brokers:
➡️ Unlimited commissions that can be earned
➡️ Access to a personal affiliate manager
➡️ Marketing tools
➡️ Deep affiliate statistics
➡️ Loyalty program
➡️ A regional representative
Tifia Customer Support
👉 Tifia has a variety of various email addresses and phone numbers for different departments, so it is easy to contact the one you need. Email addresses are provided for many departments, including Finance, HR, and Partnerships.
👉 Thai, Indonesian, Hispanic, and Nigerian representatives’ email addresses, and phone numbers are also included.
| Customer Support | Tifia’s Customer Support |
| ⏰ Operating Hours | 24/5 |
| 🗣 Support Languages | Multilingual |
| 🗯 Live Chat | Yes |
| 📧 Email Address | Yes |
| ☎️ Telephonic Support | Yes |
| 📞 Local Support in Botswana? | No |
| 🥇 Overall quality of Tifia Support | 3/5 |
Tifia Corporate Social Responsibility
👉 Currently, Tifia’s website is devoid of any CSR-related details.
Our Verdict on Tifia
👉 Tifia is an STP/ECN forex broker based in the Republic of Vanuatu, prioritizing fair trading conditions for its customers.
👉 The firm offers several benefits to its customers, including the absence of requotes, access to an electronic communication network (ECN), the ability to trade on the news, the use of the popular MetaTrader 4 and 5 trading platforms, expert advice, and access to premium liquidity with no intermediaries.
👉 Therefore, Tifia permits scalping and hedging and tries to learn new things and advance in his field daily. Tifia works hard to learn about the newest financial technology developments. To meet the needs of today’s traders, the company is always improving its online trading platform.
Tifia Pros and Cons
| ✔️ Pros | ❌ Cons |
| MetaTrader 4, MetaTrader 5, and Tifia’s trading software are all available to clients | Cryptocurrency trading is not offered |
| Traders in Botswana may count on minimal fees, low spreads, and consistent execution | Botswanan traders cannot open a BWP-denominated account |
| You can choose from three diverse kinds of accounts | |
| A trial version is accessible, and so is an Islamic account | |
| Tifia provides free virtual private servers (VPS) to eligible traders | |
| Modern teaching aids and resources are provided | |
| Tifia gives social trading opportunities across several markets on MT4 and MT5 | |
| Claws & Horns provides high-quality market research and trading recommendations |
FAQ
Does Tifia have Nasdaq?
Tifia added NASDAQ to its range of financial instruments that can be traded through the ECN Pro accounts. As a result, Botswanans can expect raw variable spreads and instant market execution when trading this popular instrument.
Does Tifia have Volatility 75?
Tifia does not offer CFD instruments on the VIX 75.
Is Tifia regulated?
Tifia products have regulatory approval in a select number of countries. In addition, there is a Global Business Corporation registration for Tifia Markets Limited.
Tifia is a Tier-3 broker regulated by the Financial Services Commission in Vanuatu (VFSC) and the Financial Services Commission in Mauritius (FSC).
Which accounts can I register with Tifia?
You can choose from a Start, ECN Classic, or ECN Pro Account with Tifia.
How long will it take to withdraw funds from Tifia?
Tifia’s withdrawals are processed promptly, but it could take up to five business days for funds to reflect in the trader’s bank account following a withdrawal.
Is Tifia safe or a scam?
Tifia is an honest and trustworthy foreign exchange (FX) and CFD broker. Tifia has a trust score of 75 out of 100, making it a safe choice for Botswanan traders.
What is the average spread for Tifia?
Tifia charges spread from 0.0 pips on the ECN Pro Account on major instruments such as EUR/USD.
Does Tifia have a no-deposit bonus?
Tifia does not have a sign-up or no-deposit bonus but features other tradable bonuses and incentives.
Conclusion
👉 Now it is your turn to participate:
➡️ Do you have any prior experience with Tifia?
➡️ What was the determining factor in your decision to engage with Tifia?
➡️ Was it because of the minimum deposit, regulation, retail trading accounts, or other factors?
➡️ Have you experienced any issues with Tifia, such as difficulty withdrawing funds, inability to verify regulations, irresponsive customer support, etc.?
👉 Regardless, please share your thoughts in the comments below.
Addendum/Disclosure:
👉 No matter how diligently we strive to maintain accuracy, the forex market is a volatile environment that may change at any time, even if the information supplied is correct at the time of going live.
