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Does Tifia charge a commission for each lot traded on their ECN or raw spread accounts?

Broker Issues
Tifia
Fees and Spreads
08-17
United States
WikiFX
Reply

In my experience as a forex trader, understanding commission structures is essential, especially with ECN or raw spread accounts, since these accounts typically offset tighter spreads with per-lot commission fees. However, after a careful review of Tifia's available information, I was unable to find any transparent or detailed mention regarding specific commission charges per lot on their ECN or raw spread accounts. This omission itself is a significant red flag for me. Reliable forex brokers should always provide clear, upfront details about all trading costs, including commission rates. I also noticed a concerning lack of regulatory oversight with Tifia—their Vanuatu license has been officially revoked, leading to high potential risk and numerous unresolved client complaints, particularly about withdrawal issues. As a trader, I never take fee transparency lightly. If a broker is ambiguous about commissions or if their official channels do not clearly specify the cost structure, I consider that an unacceptable trust gap. In short, unless Tifia can verify and describe its commission schedule with absolute clarity, I would strongly advise extreme caution, and I personally would avoid trading under such uncertainty, especially when meaningful financial risks are involved.

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