WikiFX, as an independent third-party information service platform, is dedicated to providing users with comprehensive and objective broker regulatory information services. WikiFX does not directly engage in any forex trading activities, nor does it offer any form of trading channel recommendations or investment advice. The ratings and evaluations of brokers by WikiFX are based on publicly available objective information and take into account the regulatory policy differences of various countries and regions. Broker ratings and evaluations are the core products of WikiFX, and we firmly oppose any commercial practices that may compromise their objectivity and fairness. We welcome supervision and suggestions from users worldwide. To report any concerns, please contact us: report@wikifx.com
您当前语言与浏览器默认语言不一致,是否切换?
切换
Global Broker Regulation & Inquiry App
Broker Search
English

简体中文

繁體中文

English

Pусский

日本語

ภาษาไทย

Tiếng Việt

Bahasa Indonesia

Español

हिन्दी

Filippiiniläinen

Français

Deutsch

Português

Türkçe

한국어

العربية

Download

A Visit to TFI in Cyprus – No Office Found

Danger Cyprus

Andrea Georgiou, Strovolos, Nicosia, Cyprus

A Visit to TFI in Cyprus – No Office Found
Danger Cyprus

Reason for this visit

Cyprus imprudently purchased Greek government bonds in 2012. When the Greek government bond default occurred, the Cyprus banking system suffered heavy losses exceeding 30% of the annual GDP of Cyprus, and the countrys domestic debt crisis occurred. In response to the crisis, the Cyprus government introduced a terrible solution that was opposed by all the people, which aggravated the crisis. At the same time, some people in Cyprus discovered that having an upward trend in price, various foreign currencies that were independent of the sovereign currency might be able to cope with this crisis. As a result, people poured funds into the small foreign exchange market in an attempt to hedge and protect themselves. For various reasons, Cyprus has gradually become a country with active foreign exchange transactions. In an attempt to help investors better understand the current situation of foreign exchange brokers in Cyprus, WikiFX survey team decides to go to the country for on-site visits to local companies.

On-site visit

In this issue, the survey team went to Cyprus to visit forex broker TFI as planned according to its regulatory address that 178 Athalassas Avenue Irene Tower, 2nd Floor, CY 2025, Strovolos, Nicosia, Cyprus.

The investigators came to 178 Athalassas Avenue in Strovolos of Nicosia, Cyprus for a visit to the brokers office on March 21, 2024, and located Irene Tower, a 5-storey commercial building with a well-maintained façade, next to the main street. And it was easily accessible.

1.jpg
3.jpg

Upon arrival at the building for further investigation, the survey personnel firstly spotted a directory and a mailbox in the lobby, which displayed that the 2nd floor was occupied by company called “Meeting Point”, instead of TFI. So its doubtful that the broker exists in the building.

2.jpg

After proceeding to the 2nd floor via the elevator, the inspection team failed to discover the company name or logo of broker TFI. In the meantime, all the offices on the floor were closed, and people weren‘t allowed to enter without an access card. According to the security guard working in the building, they’d never heard of the company.

Through the on-site investigation, it is confirmed that the broker doesnt have a physical presence at the location.

4.jpg
5.jpg

Conclusion

The survey team went to Cyprus to visit broker TFI as scheduled, but didn‘t find the company’s name at its regulatory address. This signifies that the broker might just register with the address without a physical business office at the place. Accordingly, investors should be meticulous in choosing the broker.

Disclaimer

The content is used for informational purpose only, and shall not be taken as a final order for making a choice.

Broker Information

No Regulation
TFI

Website:https://www.tfimarkets.com

5-10 years |Suspicious Regulatory License |United Kingdom European Authorized Representative (EEA) Revoked |High potential risk |
  • Company Name:
    TFI Markets Ltd
  • Country/ Region of Registry:
    Cyprus
  • Abbreviation:
    TFI
  • Official Email:
    support@tfimarkets.com
  • Twitter:
    https://www.twitter.com/tfimarkets
  • Facebook:
    https://www.facebook.com/TFIMarkets
  • Customer Service Number:
    0035722749800
TFI
No Regulation

Website:https://www.tfimarkets.com

5-10 years | Suspicious Regulatory License | United Kingdom European Authorized Representative (EEA) Revoked | High potential risk |
  • Company Name: TFI Markets Ltd
  • Abbreviation: TFI
  • Country/ Region of Registry: Cyprus
  • Official Email: support@tfimarkets.com
  • Twitter:https://www.twitter.com/tfimarkets
  • Facebook: https://www.facebook.com/TFIMarkets
  • Customer Service Number:0035722749800

Check whenever you want

Download App for complete information

Easy to check supervision

Select Country/Region
  • Hong Kong

  • Taiwan

    tw.wikifx.com

  • United States

    us.wikifx.com

  • South Korea

    kr.wikifx.com

  • United Kingdom

    uk.wikifx.com

  • Japan

    jp.wikifx.com

  • Indonesia

    id.wikifx.com

  • Vietnam

    vn.wikifx.com

  • Australia

    au.wikifx.com

  • Singapore

    sg.wikifx.com

  • Thailand

    th.wikifx.com

  • Cyprus

    cy.wikifx.com

  • Germany

    de.wikifx.com

  • Russia

    ru.wikifx.com

  • Philippines

    ph.wikifx.com

  • New Zealand

    nz.wikifx.com

  • Ukraine

    ua.wikifx.com

  • India

    in.wikifx.com

  • France

    fr.wikifx.com

  • Spain

    es.wikifx.com

  • Portugal

    pt.wikifx.com

  • Malaysia

    my.wikifx.com

  • Nigeria

    ng.wikifx.com

  • Cambodia

    kh.wikifx.com

  • Italy

    it.wikifx.com

  • South Africa

    za.wikifx.com

  • Turkey

    tr.wikifx.com

  • Netherlands

    nl.wikifx.com

  • United Arab Emirates

    ae.wikifx.com

  • Colombia

    co.wikifx.com

  • Argentina

    ar.wikifx.com

  • Belarus

    by.wikifx.com

  • Ecuador

    ec.wikifx.com

  • Egypt

    eg.wikifx.com

  • Kazakhstan

    kz.wikifx.com

  • Morocco

    ma.wikifx.com

  • Mexico

    mx.wikifx.com

  • Peru

    pe.wikifx.com

  • Pakistan

    pk.wikifx.com

  • Tunisia

    tn.wikifx.com

  • Venezuela

    ve.wikifx.com

United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com