TenkoFX is a forex broker that offers ECN, STP, and Cryptocurrency accounts for forex and CFD trading. The broker uses an ECN model to provide real-time access to the interbank market and order execution in the market execution mode to traders worldwide. In this case, other dealers, banks, and funds operate as transaction counteragents.

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  1. However, for almost 5 years of its existence, the company has managed to reach considerable heights.
  2. TenkoFX is a legally registered forex broker located in Saint Kitts and Nevis, but not regulated by any government agency.
  3. Offshore brokers aren’t obligated to follow legislation that rules the EEA and UK.
  4. All in all, TenkoFX is a decent and relatively safe broker, providing its client base with a large variety of financial assets which is mostly seen with its Forex listing.

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.

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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.

Where is TenkoFX based?

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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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.

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.

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 https://forexhero.info/ 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.

Granted, the academy section is simply typed information with some pictures, but the broker has put in an amount of effort to attempt to help educate their clients. It’s easy to miss those resources, so one should note that this section of the website can be accessed through the FAQ page. We use dedicated people and clever technology to safeguard our platform. Labeled Verified, they’re about genuine experiences.Learn more about other kinds of reviews.

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.

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 limefx 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.

Besides lots of currency pair, TenkoFX also offers some instruments you would like to trade on, such as Crypto for your best choice. 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. The broker’s website claims that service is not offered to residents of the United States, likely due to stricter regulation laws for the country. On the bright side, the registration form doesn’t actually require one to input their country of residence, and we were able to register from our US-based office with no blocks placed on our IP address. This makes it seem as though the broker’s policy not to accept those clients is rather lenient, which is the case for many other brokers who supposedly blacklist the United States. Fortunately, it seems as though all traders will be able to get through the registration process.

TenkoFX asserts that it offers a variety of ways to deposit and withdraw funds to and from your trading account. Turns out, all these methods are limited to several crypto currencies. Needless to point out once again, these transactions are fully anonymous.