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TenkoFX Review 2024 Information about TenkoFX Forex Broker

golf1995มีนาคม 21, 2024

The company has found reliable liquidity providers and established strong relations with them, entered the international market. Now it successfully works with traders around the world and provides its users with top-notch services. In many ways, this distinguishes a dynamically developing company from one-day projects. The broker’s support service is available 24/5 and it guarantees timely assistance.

Q4. Is TenkoFX a regulated company?

Customers and partners are of supreme importance for the company, so the broker does its best to satisfy their wishes and needs. Being assured that Forex trading should bring income, the broker tries to do everything to ensure that each user receives from trading on the platform what he wants to get. The broker’s managers are ready to help any client to resolve limefx his issue. The broker ensures profitability of trading as well as long-term cooperation not only with users, but also with partners. Transaction limits, restrictions, and requirements may apply to some payment systems, which are detailed on their websites. In some countries, you may need to verify your account to eliminate restrictions on specific methods.

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In addition, we will investigate into its background to see if the broker is a safe choice for traders. Starting off is facilitated with the diversified offer of trading accounts and financial instruments to trade. On top of that, you can even choose a risk-free trading period if you wish to explore the conditions further. Lastly, the broker also offers a crypto account for traders who want to trade CFDs on cryptocurrencies like Bitcoin, Ethereum, and many others. Keep in mind, however, that crypto CFDs are not the same as actual cryptocurrencies. While the CFDs are an excellent way to speculate on the price moves of the underlying cryptocurrencies, they are not ideal for holding over the long-term, and cannot be spent like the underlying assets can.

TenkoFx Review – Is it a Scam or Legit Broker (

  1. Their Trustpilot page is basically empty and it’s been a long time since the last review was posted.
  2. The lenient registration form also makes it possible for everyone to open an account, including US citizens.
  3. For the experienced and larger traders, the broker’s ECN (electronic communications network) account is the best choice, as it gives access to the tightest spreads the broker has to offer.
  4. Among the broker’s own developments we should mention the support service TenkoWATCH, the private office TenkoDESK and MoneyBox, which make the work much more comfortable and productive.

Tenko Fx offers over 55 currency pairs as well as gold, silver, oil, indexes, bitcoin and other cryptocurrencies for your online trading needs. Swap-free Islamic accounts are available in STP and ECN versions. It costs between $10 and $100 USD to open an account, so traders should not be limited based on affordability. One of the biggest differences between accounts would be the tradable instruments that are available. Not only is their trading platform terrible, their customer support team is even rude.

Minimum Deposit

TenkoFX is a global provider of CFD and forex trading services that is based out of Saint Kitts and Nevis, a traditional offshore jurisdiction in the Caribbean. As such, the broker is not regulated by any government agency, which may be considered troubling for those who want to deposit a large amount of capital. However, because it is a broker that in accordance with our research lacks any regulation, we would be quite sceptical if we were to trade with such a provider. In addition, this broker accepts cryptocurrency deposits in BTC, ETH, LTC, BCH and USDT. TenkoFX is a young Forex broker, which has become extremely popular today. It has already gained trust and positive feedback from many traders.

We verify and compare brokerage companies and warn our readers about suspicious projects or scam marketing campaigns. We are also a community of traders that support each other on our daily trading journey. In accordance with our research, TenkoFx is an offshore unregulated broker. This alone does not mean it is a scam, but you should be even more careful with such a provider than with a regulated broker. In order to be sure that TenkoFx is not a scam, read our trader reviews and check other popular trading related websites and forums.

However, it also has a few offerings in CFDs, Indices, and Metals. TenkoFX is also known for developing and investing in various projects aimed at bettering their services, tools, and trading opportunities for their clients. It has liquidity providers from some of the leading banks in the world including JPMorgan, Goldman Sachs, LMAX, Deutsche https://forexhero.info/ Bank AG, and Morgan Stanley, to name a few. The existence of a license for TenkoFX is a significant step towards the confidence of the user. At this stage of the company’s development, we think that it’s too early to draw such conclusions. However, you can protect yourself by simply working properly with your personal manager.

TenkoFX offers trading services in Forex, Gold & Silver, CFDs, and Cryptocurrencies in general. A good broker provides traders with a decent service in terms of various factors, including trading instruments, deposits and withdrawals, and customer assistance. What is excellent for one trader may not be the same as what is good for you. Bank wire transfer requires a $500 minimum funding amount, China UnionPay requires $1,000, and QIWI asks for $300. The remaining payment providers ask for small deposits of around $1-3.

The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website. Every TenkoFX client can participate in the company’s contests and special offers and receive trading bonuses.

TenkoFX charges wholesale ECN fees, with commissions starting at $10 per million or $1 per standard lot if trading significant volumes, or $4 per standard lot otherwise. There are current PAMM solutions available for money managers and investors, including a Crypto PAMM ECN. Clients can choose between online, desktop, and mobile trading platforms (iOS & Android). They invest in new projects regularly to improve their brokerage services, develop novel tools, and increase their clients’ trading options.

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. You can decide for yourself if TenkoFX is a good broker for you or not by reviewing the criteria.

Claim your profile to access Trustpilot’s free business tools and connect with customers. Trading in the foreign exchange market and using leverage involve considerable risks and may cause a partial or complete loss of funds. TenkoFX is a legally registered Forex broker founded in 2012 and located in Saint Kitts and Nevis. TenkoFX accepts clients from all over the world, with the exception of the USA and some countries where restrictions apply.

Costs are reimbursed regardless of the results of trading, they’re automatically credited to the account of the trader. Contact your personal manager for the detailed terms of participation in the program. The very secret of TenkoFX’s success is simple – to thoroughly analyze today’s trading experience, pick up the best solutions and provide it to users.

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