TEFS Review: Plans, Rules, and How It Compares
TEFS
TEFS is a CFD proprietary trading firm operating from the United Arab Emirates, registered as TEFS Marketing Management L.L.C under licence number 1442391 in Dubai. The firm's own homepage footer and its Trustpilot profile both carry the line "Since 2017", but neither gives a month or a day, so we record the founding date as unknown rather than invent a precise date the firm has never published. What separates TEFS from most firms in our database is what the fee actually buys. This is not a bare evaluation: every plan on both product lines bundles a self-study course, a self-study crypto course, a programme the firm calls Foundations, a demo training account and access to a live trading room, with the higher Instant Access tiers adding personal coaching and further courses. Two product lines are sold. Challenges are one-step evaluations from $5,000 to $200,000 of buying power. Instant Access skips the evaluation altogether. All trading is simulated on live market data with no direct or indirect market access.
Plans and pricing
The Challenge line is a single-phase evaluation. Every size carries the same structure: a 10% simulated profit target, a 4% maximum daily loss measured on equity, a 6% static maximum drawdown, a minimum of 4 trading days and no deadline to finish. The profit split on a Challenge-derived account is 80% across every size, and the evaluation fee is refunded in full alongside the first performance payment.
| Buying power | Price | Profit target | Max daily loss | Max drawdown |
|---|---|---|---|---|
| $5,000 | $55 | $500 | $200 | $300 |
| $10,000 | $99 | $1,000 | $400 | $600 |
| $25,000 | $199 | $2,500 | $1,000 | $1,500 |
| $50,000 | $319 | $5,000 | $2,000 | $3,000 |
| $100,000 | $499 | $10,000 | $4,000 | $6,000 |
| $200,000 | $969 | $20,000 | $8,000 | $12,000 |
The Instant Access line has no evaluation and no profit target. It also has no daily loss limit, leaving the maximum drawdown as the only account-level risk rule. Pricing runs an order of magnitude higher than the Challenge line, and the profit split rises with the tier rather than staying flat.
| Buying power | Price | Profit split | Max drawdown |
|---|---|---|---|
| $12,500 | $445 | 65% | $625 |
| $20,000 | $765 | 65% | $1,000 |
| $66,000 | $2,485 | 70% | $3,300 |
| $130,000 | $4,945 | 75% | $6,500 |
| $210,000 | $7,975 | 85% | $10,500 |
The TEFS homepage advertises "Up to 95% Profit Share". We could not reproduce that figure on any plan. The challenges page states "Up to 80% Profit Share", the Instant Access plan cards on the homepage itself state 65%, 65%, 70%, 75% and 85%, and the provider service agreement states 80% on every Challenge row. The highest split we can evidence on any plan the firm actually sells is 85%, on the $7,975 tier. We publish 85% as the maximum and treat the 95% headline as unverified.
Trading rules
Drawdown is static on both the evaluation and the funded account, which means it is measured against the starting balance and never trails a rising equity curve. That is the more forgiving of the two common models and it is the clearest point in the firm's favour. The daily loss limit on Challenge accounts resets at midnight New York time and is calculated on simulated equity, so unrealised losses count against it during the session.
The restrictions are where TEFS is unusually tight. Scalping and high-frequency trading are prohibited without prior written consent, and the agreement classifies any trade held for less than two minutes as high-frequency trading, which can be cancelled with its performance fees voided. Copy trading, mirror trading, hedging and cross-account strategies are all prohibited. News trading is listed as supported on the homepage, but placing buy stop or sell stop orders ahead of financial data releases is separately named as an abusive technique. Weekend and overnight holding are both permitted, though overnight US stock positions are capped at 20% of the sub account balance and repeated breaches can close the account. Leverage is set per asset class: 1x on stocks, 0.5x on cryptocurrencies, 16x on forex and 5x on futures and commodities. Accounts must place at least 10 trades each month and post a 5% simulated gain within one year to stay active. Trading costs are $0.007 per share on US stock CFDs with a $1.50 minimum ticket, plus spreads and swaps.
Payouts are monthly and cannot be requested on demand. A request may only be made on the simulated performance at the end of a calendar month, must be submitted by the 10th of the following month, and is processed by the 15th. The minimum withdrawal is $400 and the maximum is $15,000 per payout. Performance accrued between the 1st of the payment month and the payment date does not accrue to the trader, while losses in that same window are deducted.
Pros and cons
In its favour
- Static drawdown on both the evaluation and the funded account, with no trailing component on either.
- The Challenge line has no time limit and requires only 4 trading days, and the evaluation fee is refunded in full with the first performance payment.
- The instrument range is wider than most CFD firms we track, covering 2,500 or more US stocks and ETFs alongside forex, crypto, indices and commodities.
Against it
- Trustpilot has removed this firm's rating for a breach of its guidelines, stating on the profile that it has "removed a number of fake reviews for this company". The profile carries 285 reviews but no displayed score.
- Scalping and high-frequency trading are banned outright, with any sub-two-minute trade classified as high-frequency trading, and hedging and copy trading are prohibited as well.
- No trading platform is named anywhere on the TEFS website, including the plan pages and the homepage FAQ, which says only that "traders can trade all instruments on the same platform". The firm has named it elsewhere: replying to a Trustpilot reviewer who asked for MetaTrader 5, TEFS states its infrastructure is "powered by TraderEvolution". A buyer should not have to read a review reply to find out what they will be trading on.
A suspended TrustPilot rating is the single heaviest input into our score. TEFS carries a PropFirmMap score of 3.8 out of 10 and a safety grade of D, and the suspension is the main reason why. The product rules themselves are not the problem: static drawdown, no time limit and a refunded fee all score reasonably. The trust signal does not.
How it compares
Against the higher-scoring CFD firms in our database, TEFS is priced competitively at the entry point and scores poorly on trust. The comparison below uses our own firm records as read for this review.
| Firm | PropFirmMap score | Safety grade | Max profit split | TrustPilot rating |
|---|---|---|---|---|
| TEFS | 3.8 | D | 85% | Suspended by TrustPilot |
| Funding Pips | 8.9 | A+ | 100% | Published |
| The5ers | 8.7 | A+ | 100% | Published |
| FTMO | 8.3 | A+ | 90% | Published |
Funding Pips 
The5ers 
FTMO
All three of those firms hold a live, unsuspended TrustPilot profile and a maximum profit split at or above the 85% TEFS can evidence. Where TEFS holds ground is the entry ticket and the drawdown model: $55 buys a $5,000 one-step evaluation with a static 6% drawdown and no deadline, and the fee comes back with the first payout. Where it loses ground is everything downstream of that. A trader who clears the target waits for a calendar month to close, submits by the 10th, and is paid by the 15th, capped at $15,000, with no on-demand option. The strategy restrictions also rule out a large share of short-term traders before they start, since a two-minute minimum hold is longer than many intraday approaches allow for.
Verdict
TEFS is a reasonable structural fit for a patient swing or position trader on CFDs who wants a static drawdown, no evaluation deadline and a low entry cost, and who values a bundled education programme enough to accept that it is part of what the fee buys. It is a poor fit for scalpers, high-frequency traders, copy traders and anyone who needs to withdraw on demand, all of whom are either prohibited outright or forced into a monthly cycle. The two facts a prospective trader should weigh most heavily are the removed TrustPilot rating, which is why our safety grade sits at D, and the gap between the 95% profit share advertised on the homepage and the 85% maximum we can actually evidence on a plan the firm sells. Neither is disqualifying on its own. Both are worth verifying independently before paying.
Sources: tefs.com/en, tefs.com/en/challenges/pricing, tefs.com/en/provider-service-agreement, and the TEFS TrustPilot profile. Firm data verified 18 August 2026. Full plan data on our TEFS firm page.
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