TenkoFX Review

TenkoFX

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.

This broker has also been regulated by IFSC (Belize) IFSC/60/349/TS/15.


Company Information

Website
tenkofx.com

Established
2011

Country
Belize and Russian Federation

Regulation
IFSC (Belize) IFSC/60/349/TS/15

Features

Free education

Personal manager

PAMM accounts

Affiliate program

Islamic accounts available

Account Information

Apart from the forex demo account, 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 a more simple explanation regarding this broker's account type(s), take a loot at the following chart:


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Minimum Deposit

$10

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Maximum Leverage

1:500

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Spread

Variable and Fixed

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Commission

$4


Minimum Deposit $100

Minimum Position 0.1 lot

Spread Variable

Scalping

Expert Advisors

Hedging

Overnight interest rates (swaps)

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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.

As for ECN account, TenkoFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Hedging

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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.

As for Crypto account, TenkoFX specifically provides it with the following instruments and leverage:


Cryptocurrencies

Cryptocurrencies
1:3


Minimum Deposit $10

Minimum Position 0.01 lot

Spread Fixed

Scalping

Expert Advisors

Trailing stop

Pending orders

One-click trading

Mobile trading

Automated trading

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.

As for STP account, TenkoFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:500

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 AdvCash, Bitcoin Cash, 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:

Website Languages

Chinese
English
Indonesian
Persian
Russian

Office
Support

Email
Support

Call
Support

Chat
Support




FAQ About TenkoFX


Is TenkoFX a good broker?

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. So the term "a good broker" can vary in meaning. You can decide for yourself if TenkoFX is a good broker for you or not by reviewing the criteria. In general, TenkoFX provides trading service in Forex , Gold & silver , CFD and Cryptocurrencies . As for the payment methods, you can choose between AdvCash, Bitcoin, Bitcoin Cash, Credit/debit cards, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, QIWI, Skrill, Tether (USDT), UnionPay and Wire transfer. The customer support is available via Callback, Email, Forum, Live chat, Office, Phone, Skype and Web form.


What is the minimum deposit for TenkoFX?

The starting capital in TenkoFX is $10.


Is TenkoFX regulated?

TenkoFX is regulated by IFSC (Belize) IFSC/60/349/TS/15. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is TenkoFX legit?

TenkoFX is a brokerage company offering trading services for clients since 2011 with offices in Belize and Russian Federation.


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