TenkoFX
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3.0
Unverified company
tenkofx.com
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A well-known forex broker, which was able to gain the trust of traders because of favorable trading conditions.
Forex broker
Website
Social media
Date of foundation
2012
Head Office
Nevis, Charlestown, Corner of Jews Street & Marion Avenue, Ramsbury Site
The owner of the company
Tenko Systems Limited (Company No. C 49112)
Types of support
Telegram
Skype: TenkoFX
VKontakte
Chat
Support by phone
Languages
Russian, English, Chinese, Indonesian, Malaysian, Arabic, Iranian
Terminals
MetaTrader 4, WebTrader
Min. first deposit
From 10 USD
Broker fee
$10 per month: fee for maintaining an inactive account
Lot volume
From 0.01
Leverage
To 1:500
Spreads
From 0 points
Free Demo Account
Adjustable
No
Types of accounts
Margin call / Stop out
Up to 100% / up to 50% depending on the account
Transaction volume
0.01 lot
Features of trade
Automated trading on the news
Execution of orders
Market Execution (at market price)
Methods of replenishment
Advcash, Bitcoin, Ethereum, FasaPay, Litecoin, Neteller, Perfect Money, Qiwi, Skrill, Tether, UnionPay, Wire Transfer, Bank Card (Visa/MC)
Withdrawal methods
Advcash, FasaPay, Neteller, Perfect Money, Qiwi, UnionPay, Bank Transfer, Skrill, Bank Card (Visa/MC)
Number of assets
50+
Types of assets
CFD
Currency pairs
Forex Instruments
Cryptocurrency
Indexes
Futures
Metals
Account currencies
RUB, EUR, USD, Cryptocurrency
Liquidity providers
J.P. Morgan, Goldman Sachs, LMAX Exchange, Deutsche Bank AG, Morgan Stanley
Mobile Trading
Has mobile apps (iOS / Android)
Weekend trading
Yes
Tournaments / contests
Samurai's Way" contest, CashBack loyalty program
Trader training
Trading Academy for beginners and experienced traders
Contract Difference Commission
Yes
Swaps
Yes
PAMM trading
The broker offers 2 types of PAMM accounts with automatic profit distribution: PAMM STP and PAMM ECN
Analytics
Forecasts, news, calendar, technical blog.
Margin Trading
Yes
Affiliate Program
RegistrationSeveral referral programs with remuneration for attracting traders
Benefits
Stability of the company's work
Quality service
Affiliate programs
Contests and promotions
Investment programs
Fast withdrawal of earnings
Operational support service
Fast order execution
Additional services for trading
Disadvantages
No license
Slippage and requotes
Company requisites
Date of update
26.04.2022
Overall assessment
7.2/10

    TenkoFX is it a scam? Reviews and description

    4 September 2017

    TenkoFX is a young Forex broker, which has become extremely popular today. It has already gained trust and positive feedback from many traders. Working from 2012 and creating the best conditions and unique services for productive trade, the company has managed to enter the international market in just 2 years.

    Certainly, you’d like to know whether TenkoFX is a scam or it’s a promising young company, which really deserves your attention. We’ll answer this question here below.

    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. Customers and partners are of supreme importance for the company, so the broker does its best to satisfy their wishes and needs. Being assured that Forex trading should bring income, the broker tries to do everything to ensure that each user receives from trading on the platform what he wants to get. The broker’s managers are ready to help any client to resolve his issue. The broker ensures profitability of trading as well as long-term cooperation not only with users, but also with partners.

    Taking care of each client, the company offers some of the most profitable conditions on the market for both newcomers and experienced traders. Thanks to the introduction of STP technology, the broker’s intervention in the results of transactions is excluded. As a client, you can trade directly with the largest international banking organizations (JPMorgan Chase, Goldman Sachs, Citigroup, UBS, Deutsche bank, etc.). One of the novelties offered by the broker is the introduction of the price formation technology of the second level, which enables you to see the most complete picture of the market and work with the best data. The company managed to build strong relationships with liquidity providers, which made it possible to present narrow spreads in any conditions. A wide range of tools is waiting for traders. It will undoubtedly increase the opportunities to create a profitable investment portfolio and effective management of trade.

    As for software solutions, the broker has picked up only the best ones – traders can make use of such excellent trading terminals as MetaTrader 4 and cTrader, which ensure full-fledged trading with advanced capabilities for both newcomers and true professional. The broker’s support service is available 24/5 and it guarantees timely assistance. In the private office of TenkoDESK one can conveniently organize the work of not only traders, but also investors and partners. The innovative development of MoneyBox will make it easier to work several times, making it possible to manage the service in one click. For those investors with little experience in trading, the PAMM-accounts service is offered with the option of choosing a trader (the investor can study the candidate’s trade history, the success of his transactions, the number of investors he worked with, etc.) who will be increasing the entrusted capital.

    The official site of the broker TenkoFX is highly informative. It will be useful for market players with any trading experience. The teaching materials provided by the broker enable traders to learn a lot of useful things in a convenient format of video lessons. The broker has also come up with a large section of analytics, which will make it possible to apply ready-made forecasts based on technical analysis. Additionally, traders can use an economic calendar and news.

    Replenishment and withdrawal of funds

    TenkoFX offers different ways to replenish your trading account and withdraw funds. In order to replenish your trading deposit, you need to register with the broker on its website, deposit the required amount by choosing a convenient way of transferring funds (the minimum deposit is $10) from the presented options:

    • Bank transfers,
    • Credit and debit cards VISA, MasterCard,
    • Electronic payment systems: Neteller, WebMoney, Skrill, Qiwi, FasaPay, etc.

    The withdrawal of funds is possible only for authorized and verified traders. It’s carried out in the same way as replenishment. The broker doesn’t charge commission for transactions, however, there might be commissions from payment systems.

    Complaints about TenkoFX

    Despite the fact that the broker is very young, there are many reviews about it on the Internet and they’re very diverse. The vast majority of traders note enough positive moments in working with the company, such as its stability, high quality of services provided, fast and accurate execution of orders, fast withdrawal and replenishment of funds, profitable bonuses, cryptocurrency trading, polite support managers, not to mention a convenient website and real ECN.

    However, negative nuances exist too. Traders complain about problems in the execution of orders, registration, transfer of funds. They also dislike slippage and minimum amounts, which can be withdrawn using payment systems. At the same time, the representative of the company doesn’t work on the thematic forums to sort out the clients’ claims and questions. In order to avoid problems with the broker, ask your personal manager about the terms of account verification, the rules for using bonuses and the intricacies of withdrawing funds.

    Is TenkoFX a scam?

    In spite of the fact that TenkoFX is one of the youngest Forex brokers on the market, it has yet to show its potential and capabilities (here you can learn the whole truth about Forex). However, for almost 5 years of its existence, the company has managed to reach considerable heights. 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 Internet provides enough reviews about the broker. Positive reviews currently prevail, and it positively characterizes the company. Software solutions provided are another advantage of this broker. The company’s clients can make use of such time-tested terminals as MetaTrader 4 and cTrader, which are ideal for traders of any experience. Among the broker’s own developments we should mention the support service TenkoWATCH, the private office TenkoDESK and MoneyBox, which make the work much more comfortable and productive. The very fact that the company is ready to invest substantial funds in the development of innovative solutions for trading is also another factor of confidence, which 100% distinguishes the broker’s serious intentions from mean plans of scammers, who come only for one-time earnings.

    The existence of a license for TenkoFX is a significant step towards the confidence of the user. Other virtues include the company’s highly informative official website and the availability of bonuses, round-the-clock support, training opportunities – all of this indicates a thoughtful policy of working with the user. Should we consider TenkoFX to be a scam? At this stage of the company’s development, we think that it’s too early to draw such conclusions. However, you can protect yourself by simply working properly with your personal manager.

    Regulation of the broker

    TenkoFX is registered in New Zealand. It’s licensed by financial services provider IFSC Belize (IFSC/ 60/349/ TS/15).

    View the TenkoFX license on the IFSC website

    Bonuses of TenkoFX

    Each trader of the company can receive a bonus of up to 150%.

    To return part of the funds, it’s necessary to participate in the loyalty program «TENKOFX CASHBACK». The advantageous action will enable to return a part of funds of new clients for the first 3 months of trading from the moment of registration. 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.

    Conclusion

    Currently, the Forex broker TenkoFX is one of the youngest, but successful companies. It’s dynamically developing, proving its serious intentions to take a firm position among competitors. The broker has a lot of positive reviews, praising the withdrawal procedure, favorable terms of trade, etc. Of course, it indicates a properly chosen development strategy. Certainly, the company has negative reviews. However, the manager of the broker doesn’t work on the thematic forums, which would minimize the negative feedback. Let’s hope that the broker considers fixing all these glitches in the nearer future and the active work with user feedback will be started.

    Offering high-quality trading to its user, the company keeps paying much attention to its customers. The broker tries to ensure trading on the platform really brings income. The broker’s clients can count on professional technical support and the most favorable conditions on the market. The use of such reliable terminals as MetaTrader 4 and cTrader, unique services TenkoWATCH, TenkoDESK, MoneyBox, etc. makes trading with the broker a very comfortable occupation. By the way, TenkoFX is a young company; it hasn’t demonstrated its full potential yet. So, it’s too early to say whether it’s a scam or not. However, the traders’ responses we are waiting for this article will undoubtedly affect the rating of the broker and also warn people against possible problems with the company.

    Trading tools and assets
    60%
    Withdrawal speed
    60%
    Broker fee
    60%
    Technical support
    60%
    3.0

    Отзывы

    • Funds recovery

      I have invested with some scam brokers in the past, and the story is as horrific as the ones i have read because i went through the ordeal myself. I lost almost $80,000 USD to this unfortunate brokers, a friend referred me to Mr Jackson Evans that got me 80% of my money back, plus my accrued bonuses. Please stay clear of these scammers and if you have lost money you can still get your money back if you really want to, you can reach out to Jackson Evans at: {jacksonevans384 (@) gmail.com}. he will definitely help you in getting back your lost funds to any broker….. as mine was recovered too.

      Reply to this review
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