TF Capital Review
TF Capital Review by professional Forex trading experts the “ForexSQ” FX trading team, Finding out everything you need to know about the broker is in this TF Capital Review.
TF Capital Review
TF Capital offers several account types, which basically offer variable spreads, high leverage levels and comparatively high commission fees on the MetaTrader 4 platform. Micro tradeable lots are available for trade.
What bothers us in this broker’s trading conditions are the high commission fees, especially on ECN accounts. According to the FAQ section of TF Capital’s website, a commission of $20 per standard lot (round trip) applies, which basically means that the trading costs for the EUR/USD pair for example are above 2 pips per lot. This is not competitive pricing.
In comparison, with the same initial investment of $100, one may trade with spread averaged 0.5 pips on EUR/USD and commission of $7 per lot (round turn) with FxChoice. For further information and comparison, you may check out real-time spreads of 15 leading brokers here.
Now, we have tried out the TF Capital’s demo MT4 and to our surprise the spread was around 1.8 pips on EUR/USD and no commission was charged. So, we are not sure what the real trading conditions are. Either way, a spread averaged 1.8 pip on EUR/USD is also above the average for the industry.
The Company. Security of Funds
Company Country Regulation
T.W. Capital LTD Vanuatu, SVG VFSC, FSA
TW CAPITAL PTY LTD Australia ASIC registration
TF Capital offers trading in forex, as well as CFDs on metals, commodities, and major stock indices via the industry’s standard MetaTrader 4 platform.
The brand is operated by T.W capital LTD, a company registered in a couple of offshore jurisdictions -Vanuatu and Saint Vincent the Grenadines. Brokers registered offshore are not properly regulated, nor supervised. No client protection rules apply to such companies.
Because of all the risks associated with investing with offshore brokers, we generally advise traders to avoid them. The TF Capital group, however, looks a bit more trustworthy as one of its units is registered with Australia’s ASIC.
Nonetheless, our advice is to keep your wits about this broker. Registration in Vanuatu raises a red flag and limited and/or inconsistent information on account types and conditions yet another.
Trading Platforms
Like most brokers, TF Capital supports MetaTrader 4 (MT4), available as a desktop version, and mobile applications.
Although there may be newer and even better trading platforms, MT4 has been in use for more than 10 years now and has proved its reliability. Apart from that, this platform is easy to use and provides a number of useful trading tools, such as wide range of technical analysis indicators, advanced charting, multiple types of orders, hedging, automated strategies (EAs) and third-party APIs.
Methods of Payment
TF Capital offers its clients the following payment methods: credit/debit card, bank wire transfer, China UnionPay, Neteller, FasaPay, DinPay, and Yuucollect.
Accepted currencies: USD and SGD.
TF Capital is an offshore broker that provides online trading services in forex and CFDs via the widely used MT4platform. Apart from its loose regulation, what bothers us with this broker is that the trading conditions on its demo MT4 differ from the ones announced on its website.
The Broker is not a safe forex broker, Instead you can use Plus500, XM, eToro, Fxpro or AvaTrade forex brokers.
TF Capital Review Conclusion
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