Cryptocurrency Exchanges

TmFx Trading Ltd

1.5 (15 reviews)
🇳🇿 New Zealand
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1.5
15 reviews
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About TmFx Trading Ltd

TmFx Trading Ltd has been flagged by Financial Markets Authority for "Unregistered/Unlicensed entity offering financial products or services|Fraud ...". This company appears in our regulatory warnings database. Always verify with official regulatory sources before investing or doing business with this firm.

Customer Reviews

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Can not recommend in any way

D
Daniel G.
5 days ago

KYC with TmFx Trading Ltd is a nightmare. I submitted my ID and proof of address. They rejected it and asked for a utility bill. I sent it. They asked for a bank statement. Then they asked for a selfie with the ID. Then they said the selfie did not match. I gave up.

Pros: Fast deposits|Real-time alerts|Portfolio tracking tools

Cons: Onboarding videos are outdated

Demo and live behave differently

K
Kevin L.
1 months ago

I referred a friend to TmFx Trading Ltd after seeing their ad online. We both deposited. The referral bonus never arrived. Support said we did not meet the terms. When we asked which terms they pointed to a clause that was added after we signed up. Shady.

Pros: Automated trading options|API access|Good analytical tools|Low minimum deposit

Cons: Minor UI glitches occasionally|Account statements could be more detailed

Customer service does not exist

S
Steven N.
2 months ago

I had a dispute with TmFx Trading Ltd and went to their complaints process. They have an internal team that just defends the company. Then they said I could go to an ombudsman - but the ombudsman they use is industry-funded and rarely rules for the client. The system is rigged.

Pros: Demo account available|Automated trading options

Cons: Limited demo account features|Spreads widen during volatile periods

Must sell everything to leave

M
Max K.
4 months ago

The so-called education at TmFx Trading Ltd is just marketing. Every webinar ends with a push to deposit more. The market analysis is generic and often wrong. If you want real education go elsewhere. I wasted for just over a year thinking they would help me learn.

Pros: Comprehensive tools|Market news feed|Detailed reporting

Cons: None so far|Desktop app not available on Linux

Do your due diligence first

R
Richard K.
4 months ago

I looked into TmFx Trading Ltd and found they appear in the regulatory warnings database. Financial Markets Authority has issued a notice about this firm. Whether this is a misunderstanding or a serious concern, the fact remains that proper due diligence is essential. Always verify the regulatory status of any company before investing your hard-earned money.

Pros: Information is publicly available for verification

Cons: Appears in regulatory warnings database|Uncertain regulatory status

No API for automated trading

P
Paul C.
5 months ago

I am in a dispute with TmFx Trading Ltd over a trade that was clearly erroneous. The price shown was wrong, I closed at a profit, and they reversed the trade and took the money back. They said it was a system error. So I lose and they keep? Unacceptable.

Pros: Responsive team|Clear documentation

Cons: Wish they had more educational resources

Did my research - this is suspicious

E
Emily B.
7 months ago

I found this company through a friend who recommended it. Before investing, I checked various regulatory databases and found that TmFx Trading Ltd has been flagged as an unauthorized entity. I informed my friend immediately. Please always verify with official sources - a quick search could save you thousands.

Pros: Website looks legitimate on the surface

Cons: Listed in warning databases|No transparency|Pressure to invest quickly

Left feeling scammed

R
Rebecca R.
7 months ago

The mobile app from TmFx Trading Ltd is dangerous. I placed an order that showed as pending, so I placed another. Both executed and I was overexposed. When I complained they said it was user error. The app design is misleading.

Pros: Instant funding|Real-time alerts|Tax reports included

Cons: No dark mode on mobile

Complete waste of time

N
Nathan C.
7 months ago

My withdrawal from TmFx Trading Ltd was rejected three times for vague reasons. Each time they asked for more documents. When I finally provided everything, they said my account was under review. since early this year of being strung along.

Pros: Reliable uptime|No hidden fees|Stable platform

Cons: Website design could be more modern

Scam vibes from the start

B
Brooke G.
7 months ago

Their execution during news is terrible. I had limit orders in place. When the news hit, my orders were not filled at the limit price - they were filled much worse. TmFx Trading Ltd said it was market conditions. Same news, another broker filled me properly. They are not honest.

Pros: Easy to use platform|Excellent charting|Economic calendar

Cons: No crypto staking|Limited ETF selection