Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
TenorisFx presents itself as a forex & CFDs provider registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and variable spreads from 0.0 pips on the MT5 trading platforms via 3 different live account types, as well as 24/7 live chat customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that TenorisFx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.21/10. Please be aware of the risk.
Market Instruments
TenorisFx advertises that it offers access to 1,000+ markets, which include forex, indexes, stocks, cryptocurrencies, metals and commodities.
Account Types
TenorisFx claims to offer three types of trading accounts - Argenti, Aurum and Diamond, with minimum initial deposit requirements of $100, $1,500 and $5,000 respectively.
Leverage
The maximum leverage provided by TenorisFx is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
All spreads with TenorisFx are a floating type and scaled with the accounts offered. For example, the spread starts from 0.8 pips on the Argenti account, from 0.5 pips on the Aurum account and 0.0 pips on the Diamond account. As for the commission, the broker says that the commission for the lottery goes from $3 for each lot opened and goes up to $10 depending on the type of account you have.
Trading Platform Available
The platform available for trading at TenorisFx is one of the most notable and preferred trading platforms the market offers - MT5 for Desktop, Mobile and Webtrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The minimum initial deposit requirement with TenorisFx is said to be $100. However, it says nothing about the acceptable payment methods directly.
Bonuses
TenorisFx claims to offer a 15% deposit bonus. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
Customer Support
TenorisFx‘s customer support can be reached 8 am to 6 pm, Monday to Friday by email: soporte@tenorisfx.com or live chat. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
2024-10-03 17:02
