TenkoFX Review Expert Review

Margin call occurs at 50% on tenkofx review the STP account, 100% on the ECN account, and 30% on the Crypto account. 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. We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones.

Claim your profile to access Trustpilot’s free business tools and connect with customers. MT4 is a standout amongst the most mainstream exchanging stages and is utilized by several intermediaries. It gives clients a chance to create and execute their own particular techniques, put in advertise and pending requests, exchange from a graph. The stage highlights moment execution, stop requests and trailing graph, tick outline, exchanging history, and specialized investigation devices. Your financial security is of paramount importance to us, and we fervently endorse the exercise of due diligence and seeking professional guidance when making investment decisions.

Withdrawal Processing & Wait Time

We have over 20 years of experience when it comes to trading online so we know what to look for.
Besides, the broker makes sure that the trader can see the news that involves only forex and cryptos.
This platform supports PAMM accounts, allowing traders to allocate funds to professional traders and participate in their trading strategies for potential returns.
It lets users develop and implement their own strategies, place market and pending orders, trade from a chart.
This is easily a bait, however, considering the unrealistic conditions that illegal brokers present this way.

And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. So, in Russia it is the Central Bank of the Russian Federation.

Interactive Brokers

Once again, we have to remind you that offshore brokers without licenses make their offers especially shiny and nice because they aren’t such in reality. The spreads are more than attractive, with the starting pips of 0.0. Sadly, when it’s an unscrupulous broker that offers them, we can’t quite trust all of these claims. Despite years spent on the market, it doesn’t seem like TenkoFX has been excessively active.

TenkoFX is an online broker that offers trading services in Forex, cryptocurrencies, and CFDs. The platform is known for providing a balanced trading environment suitable for both beginner and experienced traders. TenkoFX features advanced trading technologies, competitive spreads, and a variety of account types to cater to different trading strategies. The broker emphasizes client education and support, ensuring a comprehensive and user-friendly trading experience. In conclusion, TenkoFX offers a range of features that cater to various types of traders, from those interested in forex and CFDs to the growing number of cryptocurrency enthusiasts. With a user-friendly interface, a variety of account types, and a low minimum deposit requirement, it’s an accessible platform for many.

Educational & Trading Tools

This 2024 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Tenkofx FX broker performance and features. TenkoFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum. Traders are guaranteed to close your trade at your specified price. Stop Loss orders are guaranteed only during market hours and under normal trading conditions.

TenkoFX Reviews

Trading Brokers Trading Brokers is dedicated to bringing you unbiased broker reviews, the latest broker news and trading guides to help you along your trading journey. We have over 20 years of experience when it comes to trading online so we know what to look for. At TenkoFX, you have three types of accounts to choose from, each with its own unique features and benefits. So, whether you’re just starting out or you’re an experienced trader, TenkoFX has the platforms and tools to help you succeed in the trading world. It’s a professional, comprehensive, and reliable Forex trading platform that offers a full range of trading tools. It’s perfect for those who want to take their trading to the next level.

In this case, other dealers, banks, and funds operate as transaction counteragents. Several liquidity providers, including JPMorgan, GOLDMAN Sachs, LMAX, Deutsche Bank AG, and Morgan Stanley, contribute to price aggregation. 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. TenkoFX is an online brokerage firm established in 2012, offering retail trading services worldwide.

This platform has been in business for over 20 years, demonstrating its experience and reliability.
TenkoFX is an online forex broker that has gained attention for offering trading services to a wide range of customers.
It’s a shame that an illicit brokerage uses this premium terminal to attract customers to defraud them, instead offering genuine service.
An important consideration is that leverage differs across account types.
Automatically a plus, but also a reminder that illicit brokers are not to be trusted.

Trade Sizes

How honest brokers / crypto exchanges should work and how they work, we found out. And now let’s look at how scammers act, they are also called kitchens. You can replenish the deposit, as well as withdraw funds using Visa and Mastercard bank cards, as well as electronic money transfer systems WebMoney, Fasapay, Skrill and Neteller. Although the site claims the customer support office is available 24/5, we were reluctant to believe such shallow statements without a way to confirm them.

Comparison of TenkoFX with other Brokers

The tradable assets are nowhere clearly mentioned on the website, at least not under the same heading. 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. 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.

Note that some of the funding methods are not available for all countries and there are a few significant deposit minimums on certain methods. TenkoFX provides customer support through multiple channels, including live chat, email, and phone. The support team is available 24/5, ensuring that traders can get assistance during market hours. The response times are generally fast, and the staff is knowledgeable about both the trading platform and the broker’s policies.

The broker makes the margin call at 50% for the STP account, at 100% in the ECN and at 30% for the crypto account. These are very clear indicators of the money being at risk no matter how much safe the trader tries to play. 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. FXreviews accords traders and investors with some of the best hand picked brokers that can harvest their needs for booking profits in the world of financial market. TenkoFX offers client service by online chat, phone, and email 24 hours a day, seven days a week.

Available on desktop, mobile, and through the web-browser, MT4 is also an accessible option that supports trading on the go from various devices, including iPod/iPad/tablets. TenkoFX offers a variety of deposit and withdrawal methods, including bank wire transfers, credit/debit cards, and several e-wallet options such as Skrill and Neteller. The minimum deposit for an STP account is $10, which is very affordable, while the ECN and Professional accounts require a minimum deposit of $100 and $500, respectively.