Thinking of getting into business with TRFX? Here is what you must know about this broker. Carefully read this review to find out if trfxgroup.com is the trading platform you will want to trade with.

About TRFX

TRFX is an offshore brokerage company with a lot of promises for traders. The address of the broker shows it is from United Kingdom.

Contact

There are different account type TRFX offers. See below.

TRFX Account Type

Added, the broker claims to offer outstanding execution speed, spread between 0 to 1.4 pips, 24/5 customer support and no slippage charge for account.

To clarify, in spite the trading instruments TRFX claims to offer, traders must know they are dealing with an unknown broker which does not have a regulation over its head.

trfxgroup.com: Reasons to Avoid This Broker

Firstly, jfsbrokers.com is a platform with no financial authority overseeing its financial services. The regulation claim is not legit because Financial Conduct Authority, UK does not recognize this broker.

Secondly, we noticed trfxgroup.com has a free account for traders. We advise you don’t waste your time on that, so you don’t get lured into trading real fund with this unregulated broker.

Further, this broker does not offer money back guarantee which means trading on such platform is clearly a risk as your money cannot be refunded.

Lastly, the importance of legal documents cannot be under emphasized especially when doing due diligence. Truly, we could not assess the broker’s legal documents as we found it missing on the webpage.

These are cons for forex traders to avoid losing money with this scam broker. It is always advisable you check for regulated and licensed broker on financial authorities websites before depositing fund for trading.

Withdrawal and Deposit

Withdrawal process

Under the withdrawal policy, TRFX leaves us with no information on what fees forex traders will be charged for any withdrawal nor processing days on each withdrawal. Truly, this broker is a scam and its fraudulent schemes are clear.

Minimum Deposit

The broker mentioned $100 as its minimum deposit.

As for the payment methods, nothing is mentioned for forex traders. But, you should not consider making any payment with this broker because it is a risk. So beware!

TRFX Platform

TRFX offers MT5 (Industry standard trading platform). The presence of MT5 does not make this broker legit because any scam broker can do the same to lure forex traders.

As for the leverage, it can get up to 1:400. Nevertheless, we say don’t consider doing that with an unregulated forex broker like this one because you stand the chance of losing your money.

TRFX Licensing and Regulation

It is not far from believing that this broker is not a licensed brokerage firm. It is not under any financial regulation that means your money is at risk. Its unlicensed and unregulated activities are truly a red flag and must be avoided.

Instead, Trade with TOP RATED BROKERS



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Licensed in UK(FCA), Dubai(DFSA), St Vincent and the Grenadines, Cyprus(Cysec) and Cayman Islands

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Licensed in UK(FCA), Australia(ASIC), Belarus(NBRB) and Canada(IIROC)

Accepts Traders Worldwide

Minimum Trade Deposit $100

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Licensed in Australia(ASIC) and Cyprus(Cysec)

Accepts Traders Worldwide

Minimum Trade Deposit $100

Maximum Leverage
1:500

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Conclusion: Is trfxgroup.com a Reliable Broker?

No, trfxgroup.com does not seem like a reliable broker for traders even though it promises offers that look good to be true.

Most importantly, the broker is unregulated which means it is not authorized to operate in any regulated country and you should definitely not put any money into it.

Because we have taken it as a duty to review scam forex brokers and also share reasons, we will not recommend this broker for trading.

Kindly share your comment about this broker in the comment section.

By Dan

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