- Excellent trading platform
- Decent array of tradeable assets
- Low commissions and tight spreads
- Safe, secure, and reliable broker
- Offshore brokerage
TenkoFX is a very well established and reliable online trading brokerage specializing in the offering of forex and CFD trading on an extensive array of financial assets. The TenkoFX trading brokerage is highly innovative and dedicated to their customers success by providing them with a reliable trading platform and the latest and greatest trading tools and features. TenkoFX is owned and operated by Tenko Systems Limited and was established in 2012 as an international online trading brokerage. TenkoFX is an offshore trading brokerage that’s based out of Belize with their headquarters located at Tenko Systems Limited, Corner of Jews Street & Marion Avenue, Ramsbury Site, Charlestown, Nevis. Out of all the offshore trading brokerage zones, Belize is the most reliable place to be based as the brokerages here are licensed and regulated by the International Financial Services Commission (IFSC) of Belize. Therefore, TenkoFX is a safe and reliable online trading brokerage with a viable reputation. However, are the trading services and investable products they provide for you? Find out in our extensive review where we analyze all aspects of this lucrative trading brokerage and discover if TenkoFX is the right broker for you.
TenkoFX offers traders the most reliable and sought after trading platform, the MetaTrader 4 (MT4) trading platform. This platform is preferred by most forex traders and accomodates the needs of CFD traders as well. The MT4 trading platform offered by TenkoFX can be downloaded and installed for free on any PC operating system and is also available for free download from the Apple App Store and Google Play Store for iOS and Android mobile devices. The MT4 platforms is highly sophisticated and very advanced but at the same time is intuitively designed to accommodate the needs of beginner traders as well as experienced trading veterans. Traders have access to a complete charting package where they can analyze the markets and tradeable assets with numerous built in technical indicators, an array of drawing and analysis tools, and various chart types and time frames. As well, traders can conduct one click trading directly from these charts with lightning fast execution speeds. Furthermore, traders can manage their level of risk by executing multiple advanced order types including stop loss, take profit, entry limit, and entry stop orders. Another advanced trading functionality is the ability to participate in automated trading with advanced algorithmic trading strategies made possible with the implementation of Expert Advisors (EAs). All in all, the MT4 trading platform offered by TenkoFX is of excellent quality.
TenkoFX offers unparalleled access to the Forex market and CFD commodity markets with over 68 financial instruments to trade. Among these 68 tradeable instruments are 50 forex currency pairs, CFDs on spot metals such as gold and silver, 11 of the most popular indices, energies, and a variety of the most popular cryptocurrencies. All in all, the extent of tradeable assets offered is not outstanding and may be rather narrow compared with much of the competition. Nevertheless, most traders will be satisfied with their tradeable products offering.
Fees and Commission
TenkoFX features reasonable trading fees that are considered to be very competitive with the industry standards. The trading fees in which traders incur are incorporated into both the spread on each trade and commissions for each trade. The spreads and commissions vary depending on the tradeable asset being traded as well as the trading account being used. See below, the trading fees associated with the two different types of trading accounts at TenkoFX.
- Variable spreads from 0.6 pips
- Commissions of $2.00 per 1 lot traded
- Variable spreads from 0 pips
- Commissions from $1.20 per 1 lot traded
Security and Fairness
TenkoFX was established in 2012 and has since proven themselves to be a secure, fair, and reliable online trading brokerage. TenkoFX may be located offshore which is a concern in most cases, but TenkoFX is licensed and regulated by the International Financial Services Commission (IFSC) of Belize. This regulatory authority ensures that the brokerage remains transparent with their services, conducts periodic audits, and enforces various guidelines and security measures for TenkoFX to employ. For instance, all clients are protected by advanced SSL EV (Extended Validation) technology as well as SMS two factor authentication for logging into accounts. Customer funds are also held in safe and secure segregated bank accounts to further protect their funds in the event of broker insolvency or fraud.
TenkoFX provides their customers with dedicated customer support that’s available 24 hours a day, 5 days a week. Customers can reach support via email, telephone, Skype, and Telegram. As well, customers can contact support via a contact forum or schedule a call back. Additional methods of support include an FAQ page and help section where traders can read various forms of content.
The TenkoFX online trading brokerage is a viable trading brokerage that offers their clients a decent array of financial assets to trade across the global markets. The brokerage is innovative with the services and investable products they provide and are dedicated to the clients success. Traders benefit from favorable trading conditions and low spreads and commissions. Also, TenkoFX is a safe, fair, and reliable online trading brokerage that is licensed and regulated by a viable regulatory authority. All in all, TenkoFX could be the right trading brokerage for you.
The following are the common questions that customers inquired about TenkoFX.
Is TenkoFX regulated?
Yes, it is regulated by the International Financial Services Commission (IFSC) of Belize.
Is TenkoFX a scam?
No, TenkoFX is a legit broker with an excellent reputation.
Where is TenkoFX based?
TenkoFX is based out of Belize with their headquarters located at Tenko Systems Limited, Corner of Jews Street & Marion Avenue, Ramsbury Site, Charlestown, Nevis, Belize.