The Company. Security of Funds
TenkoFX is an off-shore-regulated broker controlled by Tenkofx Ltd. TenkoFX is located within Belize as well as licensed through Belize’s International Financial Services Commission (IFSC) of Belize.
From all of the offshore areas which host forex brokers, Belize has the highest secure and secure, however, the IFSC isn’t the most trustworthy of regulators, as compared to those like the Financial Conduct Authority. It is well-known for its lenient regulations and low fees and is a popular choice for several forex brokers, big and small. The majority of brokers licensed by the IFSC adhere to the regulations but it is important to be aware when dealing with brokers from offshore.
Platforms for trading
TenkoFX allows trading through the MetaTrader 4 (MT4) platform on desktop as well as mobile and web-based devices.
MT4 is among the most well-known trading platforms, and is utilized by a multitude of brokers. Users can design the strategies they want to implement put in make market and pending trades and trade using the chart. It offers immediate execution of stop orders, the trailing chart, tick chart trading history, as well as analytical tools for technical issues.
Promotions
TenkoFX offers a welcome bonus to new customers. The ECN Gravity promotion, which provides three months of trading and charges for liquidity of only $10 per million for customers who deposit more than $1000.
Payment methods
TenkoFX accepts payment via credit card, bank transfer or credit cards, such as China UnionPay and the electronic payment platforms Neteller, Skrill, Qiwi Wallet, FasaPay. The broker also allows deposits in Bitcoins.
Conclusion
TenkoFX operates as an offshore-controlled broker for forex that allows trading of the most well-known forex pairs as well in a few precious metals and indexes. Maximum leverage on a particular type of account is 1:500, which is quite high, and the spreads, while varying, are very compact (below one pip in the case of the major pairs).
| TenkoFX Summary | |
|---|---|
| TenkoFX Details | Information |
| Regulators | FSPR |
| Country |  New Zealand |
| Base Currencies | USD |
| Type Of Brokers | ECN |
| Trading Platform | Desktop, Mobile, MT4 |
| Established Year | 2010 |
| Website Language | English |
| US Clients | |
| TenkoFX Spreads | |
|---|---|
| Option | Information |
| Minimum Spreads | 0.0 |
| Commission | |
| Fixed Spreads | |
| TenkoFX Payment & Withdrawal Option | |
|---|---|
| Option | Information |
| Acc Funding Methods |  Skrill |
| Acc Withdrawal Methods | Skrill |
| TenkoFX Suitable For | |
|---|---|
| Option | Information |
| Publicly Traded | |
| Beginners | |
| Day Trading | |
| Weekly Trading | |
| Professionals | |
| Swing Trading | |
| TenkoFX Trading Account Options | |
|---|---|
| Option | Information |
| Maximum Leverage | 1:500 |
| Mini Account | |
| VIP Accounts | |
| Segregated Accounts | |
| Free Demo Accounts | |
| Managed Accounts | |
| Pro Account | |
| Minimum Deposit | $10 |
| Islamic Account | |
| TenkoFX Trading Services | |
|---|---|
| Option | Information |
| Hedging | |
| News Trading | |
| Scalping | |
| Automated Trading | |
| Indices | |
| Commodities | |
| Forex instruments | |
| CFDs | |
| ETFs | |
| Stocks | |
| Bonds | |
| Cryptocurrencey | |
| Trading Signals | |
| Educational Service | |
| Copy Tradings | |
| TenkoFX Contact & Support | |
|---|---|
| Option | Information |
| Telephone No | +441904211064 |
| support@tenkofx.com | |
| 24 Hours Support | |
| Support During Weekends | |
| Address | Corner of Jews Street & Marion Avenue, Ramsbury Site, Charlestown,Nevis |
