Top 8 Locally Based Brokers
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 (1 166 KES). Tifia is currently not regulated by the CMA of Kenya
- Louis Schoeman
Jump to:
Regulation and Safety of Funds
Account Types and Features
Account Registration
Range of Markets
Fees
Deposits and Withdrawals
Education and Research
Affiliate Program
Final Verdict
Pros and Cons
FAQ
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 1167 KES
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
Tifia Review – 21 key points quick overview:
- ✅ Tifia Overview
- ✅ Tifia At a Glance
- ✅ Regulation and Safety of Funds
- Account Types and Features
- Account Registration
- Tifia Vs Fidelity Investments Vs Plus500 – Broker Comparison
- Trading Platforms
- Range of Markets
- Broker Comparison for Range of Markets
- Trading and Non-Trading Fees
- Deposits and Withdrawals
- How to Deposit Funds with Tifia
- Tifia Fund Withdrawal Process
- Education and Research
- Bonuses and Promotions
- How to open an Affiliate Account with Tifia
- Tifia Affiliate Program Features
- Tifia Corporate Social Responsibility
- Verdict on Tifia
- Tifia Pros and Cons
- FAQ
Tifia Overview
👉 Overall, Tifia is considered an 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 namely a Start Account (Micro), ECN Classic Account, and ECN Pro Account.
👉 Tifia is a reputable Forex and CFD broker that provides a diverse selection of financial products for online trading at competitive rates using the powerful and user-friendly MetaTrader 4/5 platforms for desktop, web, and mobile.
👉 The broker offers a variety of account options, including ECN trading, which features fast trade execution, narrow spreads, and minimal costs. Tifia delivers professional analysis via ‘Claws & Horns’ and social trading signals to aid traders with market analysis and research.
👉 Tifia Markets Ltd is a registered Forex and CFD broker that provides a diverse range of over 120 assets for trading using the popular MetaTrader platforms on a variety of devices. Tifia was established in 2014 and while based in the Republic of Vanuatu, the firm has offices in Thailand, Spain, Indonesia, and Nigeria.
👉 Tifia offers very competitive trading conditions, including low spreads beginning with only 0.1 pips for qualifying traders, huge leverage up to 1:1000 for qualified traders, and fast trade executions starting at 0.1 seconds.
👉 Additionally, the broker offers a variety of account types to accommodate traders with a variety of trading styles, as well as handy funding alternatives for fast and easy deposits and withdrawals.
👉 This Tifia review will provide traders with the details that they need to consider whether the broker is suited to their unique trading objectives and needs.
Distribution of Traders
👉 There is insufficient detailed data to assess this broker’s worldwide trader distribution. However, the broker admits traders from all over the globe, except for individuals from the United States of America, Canada, Israel, Belgium, Japan, Mauritius, and Vanuatu.
Popularity among traders who choose Tifia
🥇 Tifia accepts Kenyan traders even though it is not regulated by the CMA, which places the broker within the Top 100 brokers for Kenyan traders.
Tifia At a Glance
| 🏛 Headquartered | The Republic of Vanuatu |
| ⚖️ Local Market Regulator in Kenya | Capital Markets Authority (CMA) |
| 💰 Foreign Direct Investment in Kenya | 1.3% of the overall GDP |
| 💸 Foreign Exchange Reserves in Kenya | 8.2 billion USD |
| 🏛 Local office in Nairobi? | No |
| ⚖️ Governor of SEC in Kenya | None |
| ✔️ Accepts Kenyan Traders? | Yes |
| 🗓 Year Founded | 2011 |
| 📞 Kenyan 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 |
| ⚖️ CMA Regulation | None |
| ❌ Regional Restrictions | United States, Vanuatu, Japan, Canada, Israel, Belgium, and Mauritius, among others |
| ☪️ Islamic Account | Yes |
| 💻 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 KES Account? | No |
| 👥 Dedicated Kenyan Account Manager? | No |
| 📈 Maximum Leverage | 1:1000 |
| 📋 Leverage Restrictions for Kenya? | No |
| 💰 Minimum Deposit (KES) | 1,100 KES or an equivalent to $10 |
| ✔️ Kenyan shilling Deposits Allowed? | No |
| 👥 Active Kenyan Trader Stats | 70,000+ |
| 🤝 Active Kenyan-based Tifia customers | Unknown |
| 💰 Kenya Daily Forex Turnover | $100 million+ |
| 💵 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 Kenyan Banks? | No |
| 💻 Trading Platforms | • MetaTrader 4 • MetaTrader 5 • Tifia Forex Analysis App |
| 💵 Tradable Assets | • Forex • Precious Metals • Commodities • Indices • Stocks |
| ✔️ Offers USD/KES currency pair? | No |
| 📊 USD/KES Average Spread | N/A |
| ✔️ Offers Kenyan Stocks and CFDs | None |
| 🗣 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 |
| 🧑💻 Kenyan-based customer support? | No |
| 💰 Bonuses and Promotions for Kenyans | Yes |
| 📚 Education for Kenyan beginners | No |
| ✔️ Proprietary trading software | Yes |
| 🥇 Most Successful Kenyan Trader | Patrick Mahinge (Net Worth – Private) |
| ✔️ Is Tifia a safe broker for Kenyans? | No |
| 🥇 Rating for Tifia Kenya | 7/10 |
| 🎖 Trust score for Tifia Kenya | 75% |
| 👉 Open Account | 👉 Open Account |
Regulation and Safety of Funds
👉 Tifia Markets Limited is a Global Business Corporation that is licensed as an Investment Dealer by the Financial Services Commission (FSC) of the Republic of Mauritius (Full-Service Dealer, excluding underwriting).
👉 The Financial Services Commission (FSC) is a regulatory body charged with the responsibility of regulating, supervising, and inspecting all financial services in Mauritius other than banking institutions and international business.
👉 Tifia Markets Limited is a “Dealer in Securities” licensed by the “Ministry of Finance and Economic Management” and regulated in compliance with the “Dealers in Securities of the Republic of Vanuatu.”
👉 The Principal License authorizes Tifia Markets Limited to engage in a broad range of Broker/Dealer operations, including but not limited to trading in Foreign Exchange, Precious Metals, Commodities, Fund Management, and Clearing, Primary Brokering, and other lawful activities.
👉 According to Tifia, all customer funds are held in bank accounts which are strictly separate from those of the broker and Tifia is prohibited from using this money for internal purposes.
👉 Client money is separated in such a manner that it can be restored to them if the broker falls bankrupt. Regulation can reassure customers that they are dealing with a broker who must adhere to stringent laws and regulations designed to safeguard investors.
Account Types and Features
👉 Tifia offers three separate account types. A trader may choose from a range of account types depending on his trading capital, trading experience, and other desired characteristics.
👉 There are commission-free accounts with spreads that include expenditures as well as commission-based accounts with tighter spreads.
➡️ A Start Account (Micro)
➡️ ECN Classic Account
➡️ ECN Pro Account
Live Trading Accounts
A Start Account (Micro)
👉 This is an excellent account for new traders who are still learning the ropes of trading. Additionally, it is ideal for traders who want to evaluate their trading techniques.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 1,100 KES or an equivalent to $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 |
| 📊 Range of Markets offered on this account | • 28 Forex Pairs • 2 Precious Metals |
ECN Classic Account
👉 For more experienced traders, the ECN Classic Account provides the greatest trading conditions.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 11,500 KES 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 | 100,000 |
| 📉 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 |
| 📊 Range of Markets offered on this account | • 34 Forex Pairs • 4 Precious Metals • 2 Commodities |
ECN Pro Account
👉 The Professional Account is designed for experienced traders who routinely trade large quantities and want extra perks and features.
| Account Feature | Value |
| 💰 Minimum Deposit Requirement | 57,000 KES 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 | 1:500 |
| 💵 Maximum Lot Size | 100,000 |
| 📉 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? | No |
| ✔️ Demo Account Offered? | Yes |
| ✔️ Trading Strategies Allowed | Scalping, Expert Advisors, Hedging |
| 💰 Bonuses offered? | No |
| 📊 Range of Markets offered on this account | • 50 Forex Pairs • 6 Precious Metals • 2 Commodities • 10 Indices • 53 Stocks |
Demo Account
👉 A demo account is a practice account that offers traders a certain amount of virtual funds that they can use, allowing them to enter the live market without risking their capital.
👉 There is a certain degree of risk involved when trading financial markets and Tifia offers its clients a risk-free platform where they can test strategies, practice trading, and explore what the broker offers in a safe trading environment with real market conditions.
Islamic Account
👉 Depending on the trading style and the trading strategy of the forex trader, they may keep their trading positions open for longer than 24 hours on a trading day.
👉 This means that the trader could incur an overnight or rollover fee. This is a type of interest that is prohibited by Riba principles of Sharia law, which means that Muslim traders are often restricted in forex trading.
👉 Muslim traders in Kenya may convert their Start (Micro) or ECN Classic accounts to an Islamic Swap-Free account with Tifia, which eliminates overnight fees and swaps.
Account Registration
👉 To open a Tifia trading account, Kenyan traders need just to visit the Tifia website and click on “Open Account” on the homepage. The trader can then complete the form by providing their full name, country of origin, phone number, and email address and selecting “Sign Up.”
👉 A six-digit verification code is given to the trader’s phone number connected with their account, enabling them to authenticate the legitimacy of their phone number by entering the verification code received in the web program.
👉 After inputting the numbers, traders will be quickly logged into the traders’ cabinet and prompted to enter a code word and choose an account type.
👉 Kenyan traders can easily carry out a variety of tasks via their Client Cabinet, including depositing cash, opening a demo account, creating extra live trading accounts, verifying their accounts, setting up social trading, and withdrawing funds.
Tifia Vs Fidelity Investments Vs Plus500 – Broker Comparison
| 🥇 Tifia | 🥈 Fidelity Investments | 🥉 Plus500 | |
| ⚖️ Regulation | VFSC, FSC | FINRA, SEC | ASIC, FMA, FSCA, FCA, CySEC, FSA, MAS |
| 📱 Trading Platform | • MetaTrader 4 • MetaTrader 5 • Tifia Forex Analysis App | • Active Trader Pro • Fidelity Mobile | Plus500 mobile and web-based trading platform |
| 💸 Withdrawal Fee | Yes | No | None |
| 💻 Demo Account | Yes | Yes | Yes |
| 💵 Min Deposit | 1,100 KES | 110 KES | 11,500 KES |
| 📊 Leverage | 1:1000 | 1:1 | 1:30 |
| 📊 Spread | From 0.0 pips | None | 0.8 pips |
| 💰 Commissions | $8 | $0 to $0.03 | None |
| 🛑 Margin Call/Stop-Out | 100% | None | None |
| 💵 Order Execution | 50% | None | None |
| 💰 No-Deposit Bonus | Yes | No | No |
| 💵 Cent Accounts | Yes | No | No |
| 💻 Account Types | • A Start Account (Micro) • ECN Classic Account • ECN Pro Account | • Brokerage Account • Cash Management Account • Brokerage and Cash Management • The Fidelity Account for Businesses • Fidelity Go, and several others | • Standard Live Account |
| ⚖️ CMA Regulation | No | No | No |
| 💸 KES Deposits | Yes | No | No |
| 💰 Kenyan shilling Account | Yes | No | No |
| 📞 Customer Service Hours | 24/5 | 24/7 | 24/7 |
| 🛍 Retail Investor Accounts | 3 | 15 | 1 |
| ☪️ Islamic Account | Yes | No | Yes |
| 💵 Minimum Trade Size | 0.01 lots | 1 lot | 0.01 lots |
| 📈 Maximum Trade Size | 100 lots | None | 100 lots |
| ⏰ Minimum Withdrawal Time | Instant | Instant | 1 business day |
| 💻 Maximum Estimated Withdrawal Time | Between 2 to 5 working days | Between 5 to 7 days | Up to 7 working days |
| 💵 Instant Deposits and Instant Withdrawals? | Yes | Yes | No |
Trading Platforms
👉 Tifia offers Kenyan traders a choice between these trading platforms:
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Tifia Forex Analysis App
Desktop Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 The MT4 platform has powerful chart analysis capabilities, making it ideal for online trading. MT4 is a multi-platform application that operates on a variety of devices. It is user-friendly, with several chart panes and completely adjustable layouts.
👉 In real-time, the market watch shows the varying prices of trading instruments. There are three kinds of charts available: line, bar, and candlestick. The charts may be seen in nine different periods ranging from one minute to one month. Up to 30 technical indicators and 24 analytical items are preloaded.
MetaTrader 5
👉 MetaTrader 5 (MT5) is a sophisticated and professional trading platform that was developed as a successor to the popular MetaTrader 4 platform. It was also developed by the same company, MetaQuotes Software Inc., and shares MT4’s interface and capabilities.
👉 The MT5 platform, on the other hand, is more powerful due to its expanded features and capabilities. For instance, it has 38 technical indicators rather than the 30 present in MT4. Additionally, it supports six different kinds of pending orders and up to 21 different periods for chart presentation.
WebTrader Platforms
➡️ MetaTrader 4
➡️ MetaTrader 5
MetaTrader 4
👉 Kenyan traders may also utilize MetaTrader 4 on internet browsers, which includes professional tools for online trading, such as complex chart analysis. MT4 is compatible with a wide number of various systems.
👉 With many chart windows and entirely customizable layouts, it is simple to get started immediately. The market monitor displays the prices of trading instruments in real time. All chart types are available, including line, bar, and candlestick.
MetaTrader 5
👉 MetaTrader 5’s WebTrader enables traders to open to 100 charts continuously. There are a total of 21 periods in the charting system. Pre-installed are 80 analytical items and technical indicators. There are 39 visual elements and 38 technical indicators provided.
👉 It has four scale options and a total of seventeen configurations for the indicator display. These incredible technical analysis tools may assist traders in properly preparing for a variety of market scenarios.
Trading App
➡️ MetaTrader 4
➡️ MetaTrader 5
➡️ Tifia Forex Analysis App
MetaTrader 4
👉 Tifia provides trading access through the MetaTrader 4 desktop application for Windows, the MetaTrader 4 internet platform, and the MetaTrader 4 mobile apps. Kenyan traders who want to watch markets and trade on the move may find the MetaTrader 4 trading app suitable. It enables traders to do transactions from any place with a steady internet connection.
MetaTrader 5
👉 The complete MetaTrader 5 trading app provides traders with several essential features that they may access through an Android or iOS-based mobile device. Traders have access to a variety of charting tools, technical indicators, and fundamental data.
Tifia Forex Analysis App
👉 Finally, the Tifia mobile app provides Kenyans with the most popular forms of analysis, the most recent evaluations, expert comments, and predictions, as well as a variety of other analytical resources that may assist users in improving and directing their trading selections.
Range of Markets
👉 Kenyan traders can expect the following range of markets from Tifia:
➡️ Forex
➡️ Precious Metals
➡️ Commodities
➡️ Indices
➡️ Stocks
Broker Comparison for Range of Markets
| 🥇 Tifia | 🥈 Fidelity Investments | 🥉 Plus500 | |
| ➡️ Forex | Yes | No | Yes |
| ➡️ Precious Metals | Yes | No | Yes |
| ➡️ ETFs | No | Yes | Yes |
| ➡️ CFDs | Yes | No | Yes |
| ➡️ Indices | Yes | No | Yes |
| ➡️ Stocks | Yes | Yes | Yes |
| ➡️ Cryptocurrency | No | No | Yes |
| ➡️ Options | No | Yes | Yes |
| ➡️ Energies | No | No | Yes |
| ➡️ Bonds | No | Yes | No |
Trading and Non-Trading Fees
Spreads
👉 Tifia offers traders tight and competitive spreads. Spreads are floating/variable and are defined by the kind of account used by traders, the financial instrument traded, and the current market circumstances on the trading day. The following are some typical spreads on EUR/USD that traders might anticipate:
➡️ A Start Account (Micro) – from 2.2 pips
➡️ ECN Classic Account – from 1.1 pips
➡️ ECN Pro Account – from 0.0 pips
Commissions
👉 Tifia charges fees solely on the ECN Pro Account, and traders can anticipate paying $8 per round turn lot while trading on this account.
Overnight Fees, Rollovers, or Swaps
👉 Overnight fees are assessed when traders maintain open positions for more than 24 hours. These costs are decided by a few criteria, including the size of the position, whether traders are long or short, the length of the position, and the financial instrument.
👉 Traders should anticipate the following overnight fees:
➡️ EUR/USD – a long swap of -5.863 and a short swap of -0.19
➡️ GBP/USD – a long swap of -6.006 and a short swap of -5.0136
➡️ UKBrent – a long swap of -30 and a short swap of -7
➡️ USCrude – a long swap of -23 and a short swap of -6
➡️ XAG/USD – a long swap of -1.521 and a short swap of -0.4485
➡️ XAU/USD – a long swap of -5.06 and a short swap of -4.48
➡️ FTSE – a long swap of -3.599 and a short swap of -3.481
➡️ SPX – a long swap of -3.785 and a short swap of -3.425
Deposit and Withdrawal Fees
👉 When Kenyans deposit funds, they are not charged any fees. However, withdrawals are charged 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%
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 1167 KES
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
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
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
👉 Before making a deposit, traders must authenticate their trading accounts. Traders must first connect to their Client Cabinet and choose the Deposit option. Kenyan traders can finance their trading accounts using electronic payment channels.
👉 Additionally, traders may credit their trading accounts through bank transfers or credit cards.
Tifia Fund Withdrawal Process
👉 Traders may make a withdrawal request by logging into their Client Cabinet and selecting the withdrawal option. Traders may pick their preferred form of withdrawal, input the requested amount, and submit the withdrawal request to Tifia’s appropriate department through the website.
👉 During the business day, withdrawal requests are processed within two hours, provided that the trading account has sufficient accessible funds, and the profile is thoroughly confirmed.
👉 Three business days is the maximum amount of time permitted to complete a withdrawal request. Withdrawals processed through bank card or wire transfer may take up to five banking business days to complete.
Education and Research
👉 Tifia offers the following Educational Materials:
➡️ Financial Markets Analysis
➡️ Analytics from Claws & Horns
➡️ Trader’s Calculator
➡️ Economic Calendar
👉 Tifia offers Kenyan traders the following Research and Trading Tools:
➡️ A 100% Loyalty Program
➡️ A 30% deposit bonus
➡️ Forex Cashback initiative
➡️ Partner Promotions
Bonuses and Promotions
👉 Tifia offers Kenyan traders the following bonuses and promotions:
➡️ Forex Cashback will compensate Kenyan traders for the commissions they pay on withdrawals
➡️ 100% Deposit Bonus
➡️ 30% Tradable Bonus that allows traders to profit with the bonus
Overall Rating
- 4.7/5
Min Deposit
USD 10 / 1167 KES
Regulators
FSC
Trading Desk
MetaTrader 4
Crypto
Yes
Total Pairs
60+
Islamic Account
No
Trading Fees
Low
Account Activation Time
24 Hours
How to open an Affiliate Account with Tifia
👉 To become an affiliate with Tifia, Kenyans can:
➡️ Visit the official Tifia website and navigate to the “Partnership” tab
➡️ Navigate to “For Partners”
➡️ Select “Open a Trading Account”
➡️ Complete the account registration form and verification
➡️ Join the affiliate program once account verification is complete and the live trading account has been activated
Tifia Affiliate Program Features
👉 Tifia provides a robust affiliate network for Kenyans interested in earning up to $20 for every lot sold via a referral. Additionally, partners may earn 10% from Sub-Introducing Brokers, and affiliates have access to the following:
➡️ Unlimited commissions that can be earned
➡️ Access to a personal affiliate manager
➡️ Marketing tools
➡️ Deep affiliate statistics
➡️ Loyalty program
➡️ A regional representative
Tifia Corporate Social Responsibility
👉 Tifia does not currently indicate any information on its Corporate Social Responsibility.
Verdict on Tifia
👉 Tifia is a registered broker that provides market-leading FX and CFD trading services online. According to the broker, they use an ECN/STP approach that enables them to provide market executions at the best available prices, with little slippage and narrow spreads. Client funds are separated, and the broker adheres to its anti-money laundering policies.
👉 The MT4 and MT5 trading platforms supplied are robust, smart, and widely used in the online trading business. All trading tactics, including hedging, scalping, and the use of expert advisers, are permitted (EAs). You may choose from a variety of account kinds and financing methods.
👉 Tifia’s social trading and analysing capabilities, driven by ‘Claws & Horns,’ complement the brokerage services now accessible. Additionally, they provide market research and news, trading signals, video reviews, trading tools, and an education centre.
👉 Live trading may begin with as little as $10 on the platforms, or you can establish a free demo account to test the broker’s service before investing if you like.
Tifia Pros and Cons
| ✔️ Pros | ❌ Cons |
| Tifia offers access to both MetaTrader 4, MetaTrader 5, and a proprietary trading app | There is no KES-denominated account |
| Kenyans can expect tight spreads, low trading fees, and reliable trade execution | There are no local deposit and withdrawal options for Kenyans |
| There are three accounts to choose from | For the best trading conditions, traders must use the Pro account, which has a high minimum deposit |
| There is a demo and an Islamic account option offered | Crypto trading is not supported |
| Qualifying traders can use the free VPS offered by Tifia | |
| Educational materials and advanced tools are offered | |
| Social trading is offered by Tifia | |
| There is quality market analysis and trading signals which are offered through Claws & Horns |
FAQ
Is Tifia trusted?
Yes, We can conclude with confidence that Tifia is secure and safe forex and CFD broker. Tifia is an average risk broker with a trust score of 75 out of 100, which makes it a safe option for Kenyan traders. There are no significant complaints or reports against Tifia that would suggest that this is a scam or fake broker.
Is Tifia a regulated broker?
Yes, the Tifia brand is approved and regulated in a few countries. Tifia Markets Limited is registered as a Global Business Corporation. Tifia is a broker that is well-regulated by Tier-3 market regulators namely the Financial Services Commission in Mauritius in addition to the Vanuatu Financial Services Commission (VFSC).
Which trading platforms can I choose from with Tifia?
Tifia offers Kenyan traders access to these trading platforms:
What is the maximum leverage ratio that I can expect from Tifia?
The maximum leverage ratio that you can expect is up to 1:1000. This is the maximum on major forex pairs, and you can expect lower leverage levels on other instruments offered by Tifia.
In addition, if you use leverage, you must ensure that your risk-reward ratio is between 1:2 and 1:3 where your reward is greater than your risk.
What is the overall rating for Tifia?
We give Tifia an overall rating of 7/10. This overall rating is based on Tifia’s overall trading conditions and solutions which include the trading accounts offered, trading and non-trading fees, trading software and technology, educational tools and materials, and the advanced trading tools offered.
Tifia does not offer a KES-denominated account or local deposit/withdrawal options to Kenyans, which is a large disadvantage. However, even though Tifia only has Tier-3 regulation, there are no significant red flags against this broker which would suggest that it is a scam or fake.
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.
