Wikilix
Licence record

SCMN licence 03/2-295/6-22

Holder
TFCAPITAL
Jurisdiction
Montenegro
Licence type
Financial Service

This is Wikilix's record of a licence issued by The Capital Market Commission. It sets out what the register says, what we checked, and what the authority's own rules protect.

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RecordModified Jul 27, 2026

Licence Verification Record

The Capital Market Commission 03/2-295/6-22

Recorded from the firm's own disclosure. Not yet checked against the register.

Issuing authority
The Capital Market Commission
Holder
TFCapital
Jurisdiction
Montenegro
Licence type
Financial Service

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.

wikilix.com/licenses/the-capital-market-commission/tfcapital/03-2-295-6-22Fields on file 2 / 11

Open TFCAPITALAbout SCMN
Our check

What we checked

Nobody has adjudicated this licence yet. It is recorded here as claimed, not as confirmed.

Wikilix check
Not checked
Authority strength
Tier 3
Jurisdiction
Montenegro
Last checked
Never

Nobody at Wikilix has looked this licence up on the official register yet. Everything above comes from the record as supplied; treat it as a claim until you have checked it yourself.

A licence record describes what an authority published. It is not an endorsement, and Wikilix does not issue authorisations.
The register

What the authority publishes

Printed as the register prints it. A field that is missing here is one nobody has recorded, not one the register leaves blank.

Licence number
03/2-295/6-22
Licence type (Wikilix classification)
Financial Service
The authority

About SCMN

The Capital Market Commission is the authority that issued this licence, and the jurisdiction it applies in is Montenegro.

Full name
The Capital Market Commission
Jurisdiction
Montenegro
Strength
Tier 3Lighter-touch supervision; protections vary and are often limited.
Established
2000
Oversight
A government or statutory body
Firms we track under it
5 firms
Regulates
Bond, Stocks, Fund, Options, Derivatives, Futures
Licences it issues
Investment firm licence; securities broker; derivatives; investment advisor; asset management
Typical cost of a licence
USD 50k–100k plus capital
Public register
Searchable by the public
Transparency
Medium
Protection

What this licence protects

SCMN's own rules for the firms it authorises.

  • Compensation schemeNo investor compensation fund
  • Complaints routeSCMN complaint office
  • Maximum leverage1:30
This describes the authority's regime, not how TFCAPITAL applies it.
The holder

Who holds this licence

The licence above is recorded against TFCAPITAL. Wikilix holds no separate company records for this holder, so we cannot say which legal company the register issued it to.

Broker
TFCapital
Based in
Montenegro
Wikilix score
49.2the firm’s overall score, not a rating of this licence
Provenance

Where this record came from

Every date below has already happened. We do not publish a promised next-update date, because we do not schedule per-licence re-checks.

Last checked by Wikilix
Never — nobody has looked this entry up yet
Record last edited
When this entry was last changed in our database, which may be a correction rather than a change at the register.
Wikilix records what an authority published. It does not issue or endorse authorisations.
Also on record

Other licences TFCAPITAL holds

One other licence is on record for TFCAPITAL.

Frequently Asked Questions

Questions about this licence

Answered from this register entry and the authority’s own record.

Most Popular Questions
Not specified in the provided context.
TFCapital supports bank transfers, electronic bank transfers, and cryptocurrency for deposits and withdrawals. Electronic bank transfers and cryptocurrency transactions are processed instantly, while standard bank transfers may take several days. There are no specified fees for deposits or withdrawals.
TFCapital charges commissions depending on the account type. For the GOLD account, the commission is USD 10 per lot, while for the PRO account, it is USD 5 per lot. The broker uses a variable spread model, and minimum deposit requirements start from zero USD.
TFCapital supports the MetaTrader 5 platform, which is available on web, iOS, macOS, Android, and Windows. MetaTrader 5 is a multi-asset platform offering advanced analytics, faster execution, and algorithmic trading tools. This platform is widely used for trading Forex, stocks, and futures.
TFCapital is regulated by The Capital Market Commission (SCMN) in Montenegro and the Financial Industry Regulatory Authority (FINRA) in the United States. It operates under onshore licenses and follows regulatory standards, but it does not offer client fund insurance under the Montenegro regulator. According to WIKILIX, it has a medium transparency level and a high regulatory rating under FINRA.
Licence 03/2-295/6-22 was issued by The Capital Market Commission (SCMN), the financial authority for Montenegro.
TFCAPITAL holds this SCMN licence. A licence on record means the authority published an entry; it is not an endorsement.
Nobody at Wikilix has looked this entry up on the SCMN register yet, so treat it as claimed rather than confirmed. That is a gap in our coverage, not a finding against the licence.
Wikilix rates SCMN tier 3. Supervision is lighter-touch and client protections vary.
TFCAPITAL has one other licence on record with Wikilix, across one jurisdiction. They are listed further down this page.
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