The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. To start collaborating with the broker, you need to create a user account on their official website. The account allows you to verify your account, open a real account, and make a deposit. Below, TU outlines the registration process step by step and discusses the features of the TenkoFX user account. We also explored the trading assets and products TenkoFX offers for beginner traders and investors who prefer not to engage in active trading. For Standard accounts, TenkoFX’s commissions are part of the floating spread, which varies with market conditions.
Keep this PIN code in a secure place as it will be required for confirming financial transactions. People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active. The additional commission is charged on rollover and is shown on the account. All features and options are centralized in the trader’s user account. The convenient dashboard provides basic information with the ability to delve into any aspect.
Account types
After that, you will receive a download link for the trading platform and all the necessary login details. TenkoFX is a moderate-risk broker with the TU Overall Score of 5.18 out of 10. TenkoFX offers to get acquainted with the commissions for different types of accounts. Information on the TradersUnion.com website is for informational purposes only and does not constitute any motive or suggestion to visitors to invest money.
Trading Account Opening
This broker has existed for 11 years and has an impressive client base. Apparently, TenkoFX is not regulated but operates transparently under the financial legislation of Nevis. It has a powerful technological infrastructure that ensures order execution within ms, as well as one of the best and most modern security systems in the segment.
Commissions
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The TenkoFX broker offers extensive opportunities for active and passive earnings. Three account types, over a hundred financial instruments, and high leverage provide outstanding profit potential. Copy trading and PAMM accounts offer additional income with reduced risk.
Is this your company?
The expertise of the experts is highly valued by users, and they respond as quickly as practicable. There is a call center, email support, and ticketing system on the website. Client support is notably unavailable during weekends, and the broker faces certain tenkofx regional restrictions, such as non-availability in Germany. We have thoroughly analyzed all companies legally providing trading services in your country and created a ranking of the best ones. TenkoFX offers a limited selection of trading assets compared to the market average.
Discounted Commission Rates for High Volume Traders
The platform supports 88 assets in total, including 70 Forex pairs. The account choice does not determine the priority of technical support, execution speed, or the spread type because it is always floating, not fixed. In other words, the overall trading conditions are always equally advantageous.
- The broker has a low entry deposit of $10 and reasonable trading fees, with commissions up to $4 per lot and spreads starting from 0 pips.
- The account choice does not determine the priority of technical support, execution speed, or the spread type because it is always floating, not fixed.
- Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers.
- Copy trading and PAMM accounts offer additional income with reduced risk.
- Verification can help ensure real people are writing the reviews you read on Trustpilot.
- An important consideration is that leverage differs across account types.
Standard commission
The broker has a low entry deposit of $10 and reasonable trading fees, with commissions up to $4 per lot and spreads starting from 0 pips. Technical support is critically important for any broker because traders often encounter situations where they require expert assistance. If a user does not receive prompt and high-quality support, they may become disappointed with the platform and switch to a competitor. That’s why TenkoFX has placed special emphasis on customer service since its inception.
TenkoFX differs from these companies in that the pool of assets available to traders is combined, including currency pairs, cryptocurrencies, metals, and CFDs. The broader the pool of assets, the more diverse the strategies and methods a trader can use. Additionally, different instrument types create a diversified portfolio, where a negative trend with one asset can be offset by stable and progressing positions in others.
TenkoFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes. We use dedicated people and clever technology to safeguard our platform. Claim your profile to access Trustpilot’s free business tools and connect with customers.
TenkoFX uses SSL authentication and automatically enables SMS verification for TenkoDESK. According to the broker’s statement, its compensation and investors’ funds are kept separately from the company’s operating capital. Like many brokers, TenkoFX assumes that its clients are already familiar with financial markets and know how to trade at least at a basic level. In other words, the professional development of TenkoFX clients is up to them. In the main section, select “Open Account”, then in the context menu, choose the account type. Specify the account currency and the desired leverage, and enter a referral code if you have one.
What are TenkoFX base account currencies?
Moreover, we hereby warn you that trading on the Forex and CFD markets is always a high risk. According to the statistics, 75-89% of customers lose the funds invested and only 11-25% of traders earn a profit. Trading in futures and options carries substantial risk of loss and is not suitable for every investor.
Also, the Traders Union is not a broker and does not get money for trading in the Forex or CFD markets. Our website only provides information on brokers and the markets and helps its users to select the best brokerage company based on detailed information and objective analysis of brokers. A trader is successful only if, in addition to trading, he engages in self-education. By this, TU means reading specialized literature, attending relevant webinars, and studying analytical materials prepared by experts. Some brokers offer comprehensive educational systems, while others only have basic FAQs. It only explains the basics of platform operation and provides news and analysis of currency markets.