Tenkofx review

Country
belize and russian federation bitcoin : as a payment method, bitcoin is reliable for its low cost and quick process.

Free forex bonuses

Brokers have been integrating bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Tenkofx review

Tenkofx is a well-established broker since 2011. Tenkofx has headquarters in belize and russian federation. They are generally well-suited for tenkofx to provide their forex/CFD trading services to global clients.

Simple yet detailed information upon this broker can be seen below.

Features

Islamic accounts available

Account information

This broker offers ECN, crypto and STP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by tenkofx is up to 1:500. Meanwhile, you can open an account with a starting capital of $10

If you want to look for further information about this broker's offered account(s), please take a look at the list below.

Minimum deposit $100

Minimum position 0.1 lot

Overnight interest rates (swaps)

Instruments traded

Besides lots of currency pair, tenkofx also offers some instruments you would like to trade on, such as forex, gold & silver and CFD for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Minimum position 0.01 lot

Instruments traded

Besides lots of currency pair, tenkofx also offers some instruments you would like to trade on, such as cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Cryptocurrencies
1:3

Minimum position 0.01 lot

Instruments traded

Besides lots of currency pair, tenkofx also offers some instruments you would like to trade on, such as forex for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

Payment methods

Bitcoin : as a payment method, bitcoin is reliable for its low cost and quick process. Brokers have been integrating bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

Fasapay : known as an e-payment for retail forex traders, fasapay does not require a huge amount of fee, giving it a competitive edge among any other e-payments in the forex brokerage industry. Instant process is also featured as one of its advantages.

Neteller : like paypal, neteller is one of the most popular online payment services today. Due to this popularity, nearly all forex brokers accept neteller as a payment method for their clients' fund deposit and withdrawal. Although the neteller system is available almost all over the world, it remains particularly popular in europe.

QIWI : qiwi is an e-wallet or electronic payment service provider from rusia that is introduced in 2007. The service is mainly used by individuals and businesses in russia, ukraine, kazakhstan, moldova, belarus, romania, the US, and the UAE.

Skrill : mostly, all forex brokers provide skrill as an online payment service option. Fast, easy, and safe transactions are the main reasons why traders using this method. Traders can use skrill to fund their trading accounts with either payment cards, bank wire transfers, or directly from a skrill e-wallet account.

Wire transfer : wire transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Tenkofx also provides payment with credit/debit cards, ethereum, litecoin, perfect money, tether (USDT) and unionpay

Trading platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, tenkofx offers you metatrader 4.

Customer support

Do you have any question or find any trouble related to tenkofx? If you do, you should reach tenkofx's support to get the information that you need. Here is the detail of the broker's customer support:

Tenkofx.Com review

Tenkofx is an online forex broker. Tenko FX offers the metatrader 4 forex online trading top platforms. Tenko fx offers over 55 currency pairs as well as gold, silver, oil, indexes, bitcoin and other cryptocurrencies for your online trading needs.

Broker details

established:	2012
address:	corner of jews street & marion avenue, ramsbury site, charlestown, saint kitts and nevis
contact:	support@tenkofx.Com, +44 190 421 1064
regional offices:
regulators:
prohibited countries:

deposit methods:

bank wire, advcash, bitcoin, ether/ethereum, fasapay, litecoin, neteller, perfectmoney, qiwi, skrill, tether

withdrawal methods:

bank wire, advcash, bitcoin, ether/ethereum, fasapay, litecoin, neteller, perfectmoney, qiwi, skrill, tether

Live discussion

Join live discussion of tenkofx.Com on our forum

Tenkofx.Com profile provided by tenkofx, feb 17, 2016

Tenkofx is an online broker offering currency, commodities and CFD trading services. Our ECN accounts compete confidently with the best in the industry service providers. The company relies on a robust technology infrastructure with state of the art liquidity aggregating software and direct server interconnectivity with our liquidity providers. Continuous automated LP quality monitoring process allows us to offer consistent order execution with low latency and slippage. For the most demanding HFT trading community we provide VPS services that co-locate customer’s trading algo next to our order execution engine, which in turn eliminates signal transfer latencies.

Special notes: dear customers please indicate your tenko (customer) ID while leaving a review. This will contribute to the credibility of your post and allow us to resolve any issues faster.

Video

Let other traders know if this service is worth checking or should be avoided.

Traders reviews

Length of use: over 1 year

Length of use: 6-12 months

Length of use: over 1 year

Tenko fx charge every month 10$ for not active account. I can't close my account because support doesn't answer me. Other companies just close such accounts. For me it's scam

Pls be sure that you can close your account becasue it's a negative surprice for me

They have only bitrix support form and ignore it

Dear boris,
we respect our clients and always ready to find a way to fix a problem.

However, we don't understand why you wrote the wrong information.

We've checked your account and our discussion. We were starting our conversation aug 5, 2019, 11:22 AM and our email chain contain five emails. The last email was from us on aug 9, 2019, 12:52 PM. If you don't mind we are ready to provide here screenshots to prove it.

We provided you instruction about how you can transfer money from PAMM account to tenkofx e-wallet and get it back. You didn't answer.

Again, if you would like to close your PAMM account go to the PAMM portal https://pamm.Tenkofx.Com/ and in the menu click "close account". The money will be transferred to your e-wallet and then you can withdraw it without any restrictions.

As for 10 USD. Yes, you can find this information on our website https://tenkofx.Com/en/trading/trading_accounts/ when opening a trading account. But we would like to clarify:

A trading account is deemed inactive (or ‘dormant’) if over a period of 90 days there are:

-no trades or open positions; or
-no deposits, withdrawals or transfers.

An inactive account will be disabled (placed into archive) when its balance becomes 0.
If there are funds in your trading account and you know you won’t be trading for some time, we recommend transferring the funds to your tenkofx ewallet. The ewallet will remain active at all times, even if you do not use it.

Tenkofx review and ratings

Availability

Tenkofx accepts clients from all over the world, excluding USA and some countries where restrictions apply.

Distinctive features

Simple registration and verification process.

Own pool of PAMM trading accounts.

Cryptocurrency funding accepted.

Trading instruments

Forex broker offers the following underlying assets for trading.

55+ currency pairs	based on major and minor world currencies.
30+ crypto pairs	based on bitcoin, bitcoin cash, ethereum, ethereum classic, dash, litecoin, ripple, multibot.
10 indice cfds	based on baskets of different blue-chip stocks.
2 metal spot cfds	based on gold and silver.
3 energy spot cfds	based on crude oil (WTI, brent) and natural gas.

Comprehensive review

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.

Tenkofx offers a range of assets for trading, including a fairly large selection of more than 30 different cryptocurrency cfds, a handful of major stock indices, precious metals, and energy commodities like oil and natural gas. In addition, the broker offers more than 50 currency pairs for those interested in trading forex.

Interestingly, the selection of crypto cfds includes pairs with many different fiat currencies, such as the russian ruble, japanese yen, chinese yuan, the euro, and the US dollar. In addition, some of the cryptocurrencies offered can also be traded against each other, such as BCH/BTC or ETH/BTC.

Tenkofx does not, however, offer any single stock cfds for trading. This broker may therefore not be the most suitable choice for traders interested in trading the stock market. In addition, bonds and many commodities are also missing from its selection of trading assets.

The account types offered by tenkofx includes an STP (straight through processing) type of account that will probably be suitable for most beginners, or others who trade with small amounts of money. 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.

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.

Spreads and commissions are generally quite competitive with tenkofx, particularly for traders using the ECN account. With that said, however, the spreads are not the lowest in the industry, and there are undoubtedly other brokers that can provide even better trading conditions.

The leverage offered by this broker is relatively high at up to 1:500 on the most liquid forex pairs like the EUR/USD. For crypto cfds, however, the maximum leverage is set to just 1:3, in line whith the industry standard for this type of asset.

In terms of trading platforms, tenkofx has chosen to focus exclusively on the classic metatrader 4 (MT4) platform. This is a trading platform that despite being released all the way back in 2005, still remains one of the most popular platforms today, largely thanks to the integrated marketplace for algorithmic trading strategies and indicators known as “expert advisors.” as such, most experienced forex traders are already familiar with the platform, and we will therefore not go into further detail about it here.

Trading accounts with tenkofx can be funded via either bank wire transfers or standard debit & credit cards (visa, mastercard, and china unionpay), as well as the usual selection of e-wallet services. We also appreciate the fact that this broker accepts cryptocurrency deposits in bitcoin (BTC), ethereum (ETH), litecoin (LTC), and even with the stablecoin tether (USDT).

In conclusion, we are of the impression that tenkofx in fact offers many of the features typically found only from large and regulated brokerages, despite being unregulated and based offshore. While we generally urge some caution when it comes to trading with unregulated forex brokers, they do also have certain benefits such as a hassle-free sign-up process and the ability to fund trading accounts using cryptocurrency. This certainly also applies to tenkofx.

Tenkofx review 2021 : is scam the new safe?

Overall ratings

Satisfaction

Assests

Margin money

Broker charges

A brief history

Structured and well-planned, this is the beginning of the specification list an ideal broker should have. But the broker tenkofx is alien to both. The website of the broker lags and provides unclear information, leaving the first time visitor and a potential trader, clueless. Let us look at tenkofx in detail and decide whether the broker is a scam broker or not.

Summary:

In terms of staying on the field, tenkofx is far from its competitors. The market first saw the broker in 2012, and the market is also a witness to its inconsistent performance throughout the years. The broker claims to be regulated by the IFSC, offshore. Offshore regulations are not to be trusted as it is easy to gain them.

The broker barrs the residents of the USA and several other countries to trade. Contrarily, more than 48% of the americans are active traders, barring the residents of such a country and several others shows that the broker is insecure as these people know a lot about the market.

The broker charges ECN fees on most of its trades. We will read about this condition further in the review.

Tenkofx: scam or safe?

As we read the website and moved further by researching the regulations section, the “scam vibe” got more prevalent. Under the regulation announcement, the broker shows a complaint registration process button, which was last updated more than five years ago.

On top of it, it’s an actual form where the trader has to first know what he can complain about and then make the complaints accordingly. Even those specifications are not displayed properly and are a mere PDF document. Since it is an offshore regulated broker, there is a goliath probability that it fails to offer any more protection.

Tenkofx account types:

The broker offers three chief accounts. The major differences in these accounts happen only when the trader is at a chance of making money. Apart from this, there is nothing new in any of the accounts.

The three offered accounts are STP, ECN and crypto. Each account has a possible slippage situation.

The maximum leverage offered in the account is which minimum balance is the highest that is, $100. This simply means that the broker wants the traders to use greater capital and enter trades with high leverage. The broker also gives an option to go a little easy with leverage and at the same time, makes sure that the value of such a trade compensates for the leverage that is being missed out.

Leveraged trading is a dangerous practice and should be used very carefully. The broker tenkofx, however, despite knowing this, offers the maximum leverage with first trading capital itself.

When it comes to spreads, the broker asks different spreads, in addition to different commissions on trades.

The broker makes the margin call at 50% for the STP account, at 100% in the ECN and at 30% for the crypto account. This means that the broker will start making the trader uncomfortable when just 30% of his equity is at stake, at the same time it will make the same call when all of the equity is at stake but is linked with the ECN account. These are very clear indicators of the money being at risk no matter how much safe the trader tries to play.

The crypto account offers scalping with restrictions at the stop loss and limit- profit orders, keeping the fact in mind that it charges spreads too, which are again variable. Variable spreads are generally subject to market conditions and brokers like tenkofx move them at their will.

ECN fee:

The broker asks for an ECN fee for each of its accounts. Let us understand what ECN fees are and how it can negatively affect the profit of a correct trade.

Think of a riverside, with multiple bridges leading to the other side of the river. You have a guide with you, who will take you through one of these bridges. The bridges in return will ask the guide to pay some fee as it uses their services. The guide will now have to pay and at the same time, make up for the paid money. Where does that come from? Out of the traveller’s pocket of course.

The point of this analogy is that the bridge is the electronic and communications market and it always asks for some money to the broker as it helps when the buyer and the seller meet, as a middleman’s fees.

Brokers like tenkofx make sure that the ECN price, as well as some more money, is taken out of the traders pocket.

Generally, high ECN services are charged when the trader tries to take the liquidity off of the market.

Scam brokers make the traders pay just for the fact that they opened a position or closed one. Closing a position would take the money away from the hand of scam brokers, and brokers like tenkofx won’t let it happen without earning a profit for themselves.

Trading platform:

The only trading platform that the broker provides for trading is the metatrader4, despite it being succeeded by the mighty MT5. The trading platform restrictions are major hurdles for profit-making trades. Older platforms have some things missing, because of which a newer version is made available. Generally, new indicators and mathematical tools are added in updates.

Tenkofx forces an older platform to its users so that they are not well versed with the latest technological advancements in trading and can not make more money.

The broker also does not provide the users with any specialised trading platform from within the firm. It looks like, due to some unknown reason, the broker is obsessed with MT4.

Tradeable instruments:

The tradable assets are nowhere clearly mentioned on the website, at least not under the same heading. The trader has to look for contract specifications. Even there, metals and forex can be seen. None of the words in the list spell stocks, the most common tradable instrument. The only contract specification mentioned is for forex and metals, with forex being highlighted so much that the trader subconsciously gets attracted to forex trading and pairs.

Tenkofx account opening process:

The first pop a potential trader will see here will be for the crypto trading account. A potential and smart trader will look for a demo account first which she won’t find when she first looks for it. By the time she has visited the demo account button, the broker exposes the trader too much more appealing areas of the page.

The accounts can be accessed under the account types option. On the same page, lies twisted information about each account, we recommend our traders to properly interpret each sentence that the broker claims. Such indirect statements are logically correct, but most of them have an underlying agenda.

Commission and fees:

The broker asks four units of the base currency as the commission for each lot. The commissions can also increase by a number or two just in case the volume of trade is higher, or in simpler terms, the trade is favouring the broker from each side of the game.

The spreads are kept variable for each account. This again means that the broker will start asking for more money as soon as the trade starts favouring the trader, where the broker is in a forever win-win loop.

Research and analysis:

The latest information which the broker supposedly claims to have, is in fact, not latest in any sense. There are different readable items posted on the website that are days old. Besides, the broker makes sure that the trader can see the news that involves only forex and cryptos.

The broker goes to the limits of adding a technical blog, with appealing different charts for different time frames. A time frame less than a 15-minute span can not be viewed by the trader. Day traders and swing traders, in particular, are in immense need of such charts as smaller time frames can be made profitable by increased trading volume. Tenkofx provides the users with indicators but misses out on crucial indicators like the bollinger bands, and the donchian channels. These are important trend indicators that clearly depict the rise and fall of an asset. These indicators are also the backbones of major trading strategies like trend trading. Indirectly, the broker stops the traders to trade in profitable ways by restricting their access to correct indicators.

Final verdict:

The broker tenkofx is a scam, and no trader should be involved with such a broker. Indirectly the broker asks for money, and the innocent trader has to unknowingly pay for it. The broker also doesn’t mention stock or stock trading anywhere close to the home screen.

We recommend our traders to more experienced brokers like hftrading, brokers who are more versatile in terms of performance, primefin, for example. There are brokers who are factually backed, like tradeatf, being the sponsor of the football team of argentina.

Tenkofx review

Tenkofx is a forex broker with a good range of FX currency pairs for trading online through the popular metatrader 4 (MT4) platforms. They have competitive spreads, commission fees and execution speeds. In addition to this they offer trading tools and a trader’s academy. Despite this, the broker could improve on their regulation.

Tenkofx review, pros & cons

PAMM accounts

Myfxbook autotrade

Analytics

MT4 platform

Traders academy

Flexible funding options

Offshore regulation

Account inactivity fees

Limited non-FX assets for trading

In this detailed tenkofx review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

Tenkofx is not ranked in our best forex brokers, best stock brokers, best cfd brokers, best crypto brokers or best online brokers categories. You can use our free broker comparison tool to compare online brokers including tenkofx.

Tenkofx review: summary

Tenkofx is a forex broker that offers forex and CFD trading on ECN, STP and cryptocurrency accounts. The broker utilises an ECN model providing traders around the globe with real access to the interbank market and order execution under the market execution mode. This means that other traders, banks and funds act as transaction counteragents. Price aggregation comes from numerous liquidity suppliers, including jpmorgan, GOLDMAN sachs, LMAX, deutsche bank AG, morgan stanley amongst others.

Tenkofx review: broker features

Tenkofx offer ECN fees at wholesale rates, with commission from $10 per million or $1 per standard lot, if trading high volumes – otherwise $4 per standard lot. There are modern PAMM technologies for money managers and investors, including a crypto PAMM ECN. Clients can choose between trading platforms for web, desktop and mobile devices (ios & android). They regularly invest in new projects aimed at developing their brokerage services, creating innovative tools and expanding the trading opportunities of clients.

Tenkofx review: regulation

Tenkofx is authorised to provide financial services by the international financial services commission (IFSC) of belize. This authorisation is published and maintained on the regulator’s official website. This license is issued for a one-year period, then must be reviewed and renewed annually. The company’s licence can be verified via the IFSC website in the register of licensed entities authorized to offer services in trading in financial and commodity-based derivative instruments and other securities.

The trading brokers review team consider this to be offshore regulation that may not offer the same protection that other regulators can. We would prefer to use an online brokerage firm that is regulated by either the FCA, cysec or ASIC. For alternative regulated options, you can see out list of best online brokers.

The broker has implemented a series of highly effective security measures throughout their site to help eliminate the risk of theft or unauthorized access to your account. They apply cutting-edge technology to provide you with a secure, user-friendly operating environment. The goal is to integrate seamless security and privacy solutions that provide effective protection without impacting on your overall customer experience.

Tenkofx review: countries

Tenkofx does not provide services for united states citizens. Some tenkofx broker features and products mentioned within this tenkofx review may not be available to traders from specific countries due to legal restrictions.

If you are looking for a trading broker in a particular country, please see our best brokers USA, best brokers UK, best brokers australia, best brokers south africa, best brokers canada or our best brokers for all other countries.

Tenkofx review: trading platforms

Tenkofx review: MT4 platform

Metatrader 4

Tenkofx offers the metatrader 4 (MT4) platform which is undoubtedly one of the most popular retail trading platforms that is chosen by millions of forex traders from all over the world. MT4 is the industry standard and its value has been consistently proven over time. It incorporates multiple trading indicators and analytical tools and allows you to automate a large variety of trading strategies with expert advisors (eas). It is a highly versatile platform which can be adapted to your specific needs by the addition of your own MQL-based scripts, indicators and eas.

User-friendly interface, high level of security, flexibility and efficiency of the trading platform

Allows all types of orders, wide range of analytical tools and newsfeed

Integrated MQL4 programming language for making individual expert advisors, indicators and scripts for automated trading

Real-time data feed, flexible charts, access to history logs

Price alert notifications

MQL community to share ideas and tools with other traders

Available for desktop, web and mobile devices (ios & android)

Tenkofx review: trading tools

PAMM accounts

Tenkofx review: PAMM accounts

The tenkofx PAMM service allows investors to search for traders and invest funds while allowing money managers to open positions and gain from profitable investments. All operations with distribution profit/loss are automatic.

The master operates their personal capital through a given PAMM account, and their trading strategy is replicated on the follower’s own capital. All PAMM account results are published with total transparency, so that you can easily analyse the performance and statistics of each trader.

It must be strongly noted that the past performance and statistics of a PAMM are no guarantee of future results and you should be fully aware of all the significant risks involved with trading online.

Myfxbook autotrade

Tenkofx review: myfxbook autotrade

Clients can experience automatic trading with the myfxbook autotrade service. Autotrade lets you copy trading transactions straight into your tenkofx account. You just need to link your MT4 account to selected signal providers published by myfxbook. It should be noted that past results of these signal providers are by no means any guarantee of future performance.

Trading calculator

Tenkofx review: trade calculators

Tenkofx have a trading calculator which can give calculations of trade parameters for your convenience. For technical reasons, the absolute accuracy of a transaction cannot be guaranteed. The calculator assumes that you have no open transactions.

Tenkofx review: education

Trading academy

Tenkofx have a forex trading academy that will take you step by step through the world of online forex trading. There is a good selection of topics covered for all experience levels. Subjects include an introduction to the forex market, forex strategies, risk management, technical analysis and more.

Forex news

The broker has a forex and crypto news section on their website that is frequently updated with articles covering various markets. These can be used to help inspire potential trading ideas and keep your pulse on the latest market happenings.

Forex economic calendar

Tenkofx review: forex economic calendar

This calendar displays the latest forex news releases along with the impact that they have on countries and markets around the globe. The calendar releases can be filtered according to importance, country, date/time, etc. This is often used as part of a trading strategies fundamental analysis to help anticipate the direction in which the markets may move.

Trading glossary

There is a trader glossary for key trading terms. This helps users to understand the definitions of some commonly used trading terminologies.

Tenkofx review: trading instruments

Tenkofx offer over 68+ trading instruments including forex and cryptos. The non-FX tradeable assets are very limited when compared to other online brokers who offer thousands of instruments across multiple asset classes.

Forex currency pairs

Metals

Indices

Cryptocurrencies

Cfds

Tenkofx review: trading accounts & fees

Tenkofx account spreads start from just 0 pips whilst the commission is from $1 per lot. Leverage of up to 1:500 is available. You can open a trading account with this broker from a minimum deposit of just $10. Tenkofx make profit on the commissions and spreads. The broker states that spreads or commissions are the only operating expenses for traders working with the company. Tenkofx offer access to cryptocurrency trading via special crypto accounts. All accounts have market execution with slippage possible and minimal requotes. They also all have variable spreads and a $10 account inactivity fee is charged.

Tenkofx have the following trading account types:

STP: currencies, metals, up to 1:500 leverage, swap free option, no trading restrictions, minimum 0.01 lots, no commission, mark-up pricing

ECN: currencies, metals, cfds, up to 1:200 leverage, swap free option, no trading restrictions, minimum 0.01 lots, 4 units of base currency for 1 lot ($100k) – can be lowered to $1 if trading large volumes

Crypto: 29 pairs with BTC, LTC, ETH, BCH, DSH (digitalcash), ETC, XRP, up to 1:3 leverage, minimum 0.01 lots

Tenkofx maintains ECN commission schedule that depends on the account’s equity and total trading volume for the last 30 days. In accordance with the general institutional market practice the volume commission is quoted in US dollars per 1 million traded (one-way). Metatrader 4 charges commission for a complete two-way (open-close) transaction at the moment of trade opening. Commission amount is converted into account’s base currency.

Tenkofx review: broker fees

Demo accounts are available if you would like to test the trading platforms and practice your trading strategies with virtual funds before opening a real live trading account.

As broker fees can vary and change, there may be additional fees that are not listed in this tenkofx review. It is imperative to ensure that you check and understand all of the latest information before you open a tenkofx broker account for online trading.

Tenkofx review: customer service

Tenkofx client support is provided 24/5 via online chat, telephone and email. They are committed to providing full and relevant information to every client with comprehensive, useful and top-class support. The broker states that they believe this is the only way to create trust-based long-term relations between brokers and traders.

Tenkofx review: deposit & withdrawal

Tenkofx offers a variety of ways to deposit and withdraw funds to and from your trading account. This includes wire transfer, credit/debit cards, unionpay, neteller, skrill, qiwi, fasapay, advcash, perfect money and cryptocurrency. The range of options and terms is regularly updated.

Please note that the company covers money transfer costs if and where feasible, and never charges more than the cost to the company. Some methods may only be available to specific countries and not all are available for both deposit and withdrawal. There may be charges when using certain payment methods. Withdrawal requests are processed within the same day or next if outside working hours. The withdrawal time can vary depending on the payment provider and method. Bank transfers may take a few business days to clear whilst some methods can be instant.

Some payment systems may have transaction limits, restrictions, and requirements which are indicated on their respective websites. You may need to verify your account to remove limits on particular methods in some countries. Tenkofx strictly does not accept third-party payments. All funds deposited into your trading account must be under the same name as your tenkofx trading account.

Accounts can be opened USD, EUR, RUB, MBTC, LTC, ETH. The different currency options are beneficial as currency conversion fees do not apply when using an account in your own currency.

Tenkofx review: funding options

Tenkofx review: account opening

To register for a trading account with tenkofx you will need to complete a short application form and provide some documents for verification purposes. Upon successful completion of your registration you will see registration data for your new trading account including your trading account number, trader password, investor password, server address and currency of your account. Your account details will be sent to your email address. From here you can fund your account and start trading online.

Tenkofx review: ewallet registration

Tenkofx review: conclusion

Overall, tenkofx is a forex broker with a generous offering including the user friendly MT4 trading platform and a good selection of forex currency pairs. They have competitive spreads, commissions and trade execution speeds. There are additional trading tools included, a trader’s academy and PAMM accounts. In addition to this, there are a variety of convenient account funding options.

Despite these positives, we believe the broker regulation could be improved by adding additional regulators. Furthermore, the brokers non-FX trading instruments are distinctly lacking when compared to our best forex brokers.

Trading complex instruments can come with a high risk. You should consider whether you understand how investments and trading work and whether you can afford to take the high risk of losing all of your money.

Min $10 deposit

Tenkofx is a forex broker with a good range of FX currency pairs & the MT4 platform. They have competitive spreads, fees & execution speeds. They offer trading tools & a trader’s academy. Despite this, the brokers regulation could be improved.

Tenkofx review – is it a scam or legit broker (2021)

In this tenkofx review, we are going to take a look at the offer that this broker prepared for its traders. Tenkofx operates on the financial market since 1995. When it comes to trading platforms, the broker features webtrader. The tenkofx minimum deposit is 10 USD.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

Basic information from this tenkofx review

website address:	tenkofx.Com
operated by:	tenko systems limited
licensed and authorised by regulatory bodies:
supported languages:	english
customer support available via:	E-mail, phone
contact details:	[email protected], +44 190 421 1064
available deposit methods:	bank transfer, advcash, bitcoin, ether/ethereum, fasapay, litecoin, neteller, perfectmoney, qiwi, skrill, tether
available withdrawal methods:	bank transfer, advcash, bitcoin, ether/ethereum, fasapay, litecoin, neteller, perfectmoney, qiwi, skrill, tether
minimum deposit:	10 USD
min. Trade in lots:	0.01
spreads:	variable
tradable assets:

The maximum available leverage can be limited by local financial regulators or by international regulations, in such case, the displayed maximum leverage may not match the leverage you can actually trade with.

For instance, in the european union, the financial regulator ESMA restricts the maximum available leverage to 1:30 when trading major currency pairs, 1:20 when trading minor pairs and commodities and 1:2 when trading cryptocurrencies. Similar restrictions apply in australia and possibly in other jurisdictions.

Random reviews of competing FX & CFD brokers: cityoflondonmarkets, fxonus, doublemillion and deltafx

Frequently asked questions

�� is tenkofx a scam?

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.

�� what is the tenkofx minimum deposit?

In order to start trading with tenkofx, you have to deposit at least 10 USD (trading accounts can also be held in USD, EUR, RUB, JPY, MBTC, LTC, ETH).

�� what deposit and withdrawal methods tenkofx supports?

We don’t have our own personal experience with tenkofx. 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. While there is a decent chance that tenkofx is not a scam, there is no reason to take the risk of trading trade with an unregulated broker, especially when considering there are hundreds of brokers regulated in the EU, australia, africa and the USA offering similar or even better trading conditions.

Should you be looking for a highly reliable broker featuring forex trading and cfds, you can get your hands on our marketing broker IQ option – 85% of retail CFD accounts lose money , which is a cysec regulated company that allows trading from as little as $10 and charges highly competitive fees on all assets.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage.

Between 74-89% of retail investor accounts lose money when trading cfds. You should consider whether you can afford to take the high risk of losing your money.

¹ variable spreads, spreads recorded for the EUR/USD on 05.10.2020 at 11:42 GMT.

Tenkofx review

Tenkofx is a forex broker with a good range of FX currency pairs for trading online via the popular metatrader 4 platform. With the broker, clients can trade different markets, such as currency pairs, metals, indices, and cryptocurrencies. The broker operates the ECN model of trade executions, providing traders access to the interbank market, which ensures competitive spreads, commission fees, and faster execution speeds.

Tenkofx review – broker features

In addition, the broker offers many trading tools, including modern PAMM technologies (a crypto PAMM ECN) for money managers and investors, and a trader’s academy.

Tenkofx review introduction

In this tenkofx review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including tenkofx.

Tenkofx platforms & tools

The broker provides clients with the metatrader 4 (MT4) platform, one of the most popular retail trading platforms used by forex and CFD traders from all over the world and is considered the gold standard in the industry. MT4 has a user-friendly interface, a high level of security, and flexibility. It incorporates multiple trading indicators and analytical tools and allows you to automate a large number of trading strategies with expert advisors (eas).

Tenkofx review – MT4 platform

The platform is highly versatile and can be adapted to specific needs by the addition of customized MQL-based indicators, scripts, and eas for automated trading. MT4 allows all types of orders, a wide range of analytical tools, and newsfeeds. There are alert notifications, real-time data feed, 3 chart types, 9 timeframes, and an MQL community to share ideas and tools with other traders.

MT4 is available as an installable desktop platform, a web trading terminal that runs on google chrome and other modern web browsers, and mobile trading apps for android and ios devices for those who wish to trade on the go.

Additionally, the broker provides some useful trading tools, such as trading calculator, myfxbook autotrade for automatically copying other traders’ trades, and PAMM accounts for money managers and investors.

Tenkofx review – trade calculators

Tenkofx research & education

Tenkofx offers a good selection of educational materials, including a trading academy, forex news, economic calendar, and a glossary of key trading terminologies and their meanings.

Tenkofx review – forex economic calendar

Tenkofx trading accounts

The broker offers different account types, and you can open an account with a minimum deposit of just $10. Here are the account types:

STP: up to 1:500 leverage, swap-free option, no trading restrictions, minimum 0.01 lots, no commission, and marked-up pricing

ECN: up to 1:200 leverage, swap-free option, no trading restrictions, minimum 0.01 lots, and a commission of $4 per lot

Crypto: up to 1:3 leverage, minimum of 0.01 lots

Tenkofx account funding

Tenkofx offers a variety of account funding and withdrawal methods, such as wire transfer, credit/debit cards, unionpay, neteller, skrill, qiwi, fasapay, advcash, perfect money, and cryptocurrency. Some methods may only be available to specific countries, and not all are available for both deposit and withdrawal. Transaction time and cost vary with the method used.

Tenkofx customer service

The broker provides 24/5 customer support services via online chat, telephone, and email.

Tenkofx regulation

Tenkofx is licensed and authorized to provide financial services by the international financial services commission (IFSC) of belize.

Tenkofx review summary

Tenkofx is an online forex broker that offers over 68 tradable assets on the user-friendly MT4 platform. They offer PAMM accounts and copy trading through myfxbook autotrade.

It is worth mentioning that some of the trading products and services in this tenkofx review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the tenkofx broker website which you can visit by using the link below.

Cfds are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading cfds with this provider. You should consider whether you understand how cfds work and whether you can afford to take the high risk of losing your money.

Tenkofx

Spreads

Liquidity

Commissions

Support

Regulation

Features

Over 68 tradable instruments

MT4 platform

PAMM accounts and myfxbook autotrade

A good selection of educational resources

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Tenkofx

Min deposit $ 10

Tenkofx

Tenkofx offers access to the forex market and CFD commodity markets. Our main goal is flawless and instantaneous deal execution to ensure top quality trading. We operate under the ECN broker model with a real access to the interbank market and order execution under the market execution mode. In this case, other traders, banks and funds act as transaction counteragents. Our business is transparent, clear and strictly regulated.

Tenkofx makes profit solely on commissions and spreads. Spreads or commissions are the only operating expenses for traders working with our company. Our priority is your profitable trade leading to growth of the total turnover for our company and thus of our profit. So we regularly invest in new projects aiming at developing our services, creating innovative tools and expanding your trading opportunities.

But we are committed to providing full and relevant information to every client and guarantee comprehensive, useful and top notch support.

So we believe this is the only way to create trust-based long-term relations between brokers and traders.

Tenkofx always forges ahead and stays in tune with the time. We offer access to cryptocurrency trading via special crypto accounts. You can invest in new trading tools with the security and reliability of a tenkofx forex broker.

Our traders are our most valuable resource and we strive to exceed their expectations.

Choose tenkofx as your service provider in financial markets, and you will receive superior trading conditions for efficient work along with an excellent service and customer support.

Because we believes that forex should be an efficient tool for generating stable income and not just a hobby.

The tenkofx PAMM service allows investors to find a successful trader and easily invest funds while allowing managers to open bigger positions.

And we increase their personal gain from profitable investments.

Tenkofx review

Overview

Website

Company

Address

Phone

Email

Regulation

Unregulated, blacklisted, offshore

Warning

Rating

Tenkofx details

Tenkofx is an online trading broker owned by tenko systems limited and located at corner of jews street & marion avenue, ramsbury site, charlestown, nevis.

They can be contacted by phone number at +441904211064 or by email at finance@tenkofx.Com partner@tenkofx.Com marketing@tenkofx.Com.

Their website can be found at : tenkofx.Com

Traders opinion

To avoid being scammed by a con artist’s scheme, it is recommended to first take a look at what other people are saying about the company you want to invest in.

After doing some research on social medias (facebook, twitter, instagram…) and trading forums, we found out that some users are unhappy about their experience with tenkofx and wrote mixed reviews about it.
It seems like tenkofx is not a reliable broker and you should take that into consideration before investing.

If you don’t want to be the next victim of a fraudulent broker operating with a fake company, always do your own research first.

Is tenkofx legit or a scam?

This is the most important thing you need to know about a broker before using it. Is tenkofx regulated ? Is it an offshore company ?

Most brokers are unregulated or regulated by an offshore regulation authority which won’t help you in case of problem. Keep in mind that if a broker steal your funds, you won’t be able to complain about it unless they are licensed by a serious regulator such as:

The cyprus securities and exchange commission (cysec)

The financial conduct authority (FCA)

The australian securities and investments commission (ASIC)

An unregulated broker is clearly not authorized to operate in any regulated country and you should definitely not put any money into it.

You should definitely avoid any unregulated or offshore trading compagnies!

How online trading scams work

The common used strategy by fraudsters is to first display some winning trades on your account to give you the impression that you are quickly and effortlessly making money. This allow them to gain some trust and confidence from you.

Their next step is usually asking you to invest more money or get some friends and family to invest in order to get the maximum funds they can from you.

When they feel that you are not able to invest any more money into the scam, they will simply suspend your account and you probably won’t hear from them any longer.

Many scam firms fraudulently claim to be based in a regulated juridiction using fake addresses and regulation licences in order to look truthfull in the eyes of future clients.

So, let's see, what was the most valuable thing of this article: tenkofx is an established broker since 2011 and has been licensed by . With a minimum deposit of 10 and variable and fixed spread, is tenkofx a good broker for you? Find out more here. At tenkofx review