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.
I was contacted by TmFx Trading Ltd through social media. They promised guaranteed returns of 20-30% monthly. Being naive, I invested. The "account manager" pressured me to invest more and more. When I finally tried to take profit, my account was frozen and they stopped responding. Classic Ponzi/advance fee fraud.
Cons: Blocked my account|No legitimate license|Fake returns
After spending for over three years trying to make TmFx Trading Ltd work for me, I have given up. The platform has too many limitations, the fees are not competitive, and the quality of their market data is questionable. There are much better options available.
Pros: Easy withdrawals|Segregated accounts|Stable platform
Cons: Mobile app could be improved|Limited social trading features
TmFx Trading Ltd changed their fee structure with one month notice. What was a flat fee became a percentage. For my account size it meant a huge increase. When I objected they said I could leave. So I am leaving and writing this review.
Pros: Regular platform improvements|Great customer service|Automated trading options|Transparent fees
Cons: Limited cryptocurrency options|Wait times can be long during peak hours
Where do I even begin with TmFx Trading Ltd? for nearly two years of broken promises, unanswered tickets, and a platform that feels like it was built in 2010. They spend more on marketing than on actually improving their service. Stay away from this company.
Pros: Low minimum deposit|Clear documentation|Great customer service|Good analytical tools
Cons: Desktop app not available on Linux|Currency conversion fee exists
TmFx Trading Ltd offers copy trading. I copied a top trader. The copy trades often executed at worse prices than the original. When I asked why they said it was due to latency and liquidity. So the feature is broken or they are skimming. Either way I stopped using it.
Pros: Easy to use platform|Responsive team
Cons: Limited social trading features|Account statements could be more detailed