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TenXTrade -

Score

1.38 /10
Danger

TenXTrade

South Africa

2-5 years

Suspicious Regulatory License

Suspicious Scope of Business

High potential risk

https://tenxtrade.com

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Score

Regulatory Index0.00

Business Index5.99

Risk Management Index0.00

Software Index4.00

License Index0.00

Time Machine
Website

Licenses

No valid regulatory information, please be aware of the risk

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

TenXTrade

Company Abbreviation

TenXTrade

Platform registered country and region

South Africa

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away!
Previous Detection : 2025-01-11
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!

WikiFX Verification

TenXTrade · Company summary
TenXTradeReview Summary
Founded2020
Registered Country/RegionSouth Africa
RegulationNo regulation
Market InstrumentsForex, CFDs, derivatives
Demo Account✅
Leverage/
Spread/
Trading PlatformMT5
Min Deposit$500
Customer SupportTel: +27 10 753 2461
Email: info@tenxtrade.com
Facebook, Instagram, Linkedin, YouTube
Regional RestrictionsUSA and Canada clients are not allowed

TenXTrade Information

Founded in 2020, TenXTrade is an unregulated broker registered in South Africa, offering trading on forex, CFDs and derivatives via the MT5 trading platform. The minimum deposit requirement is as high as $500.

TenXTrade's homepage

Pros and Cons

Pros Cons
Demo accountsNo regulation
MT5 platformUnclear trading fees
High minimum deposit requirement
Limited payment options
Regional restrictions

Is TenXTrade Legit?

No. TenXTrade has no valid regulations currently. Please be aware of the risk!

Domain information

What Can I Trade on TenXTrade?

Tradable Instruments Supported
Forex ✔
CFDs✔
Derivatives✔
Bonds❌
Options❌
ETFs❌

Trading Platform

Trading PlatformSupported Available Devices Suitable for
MT5✔PC, mobileExperienced trader
MT4❌/Beginners

Deposit and Withdrawal

The broker accepts payments via Ozow, FNB, PayFast, Skrill and Neteller.

User Reviews

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User comment

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Comments

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Vibol Khun
more than one year
This company claims to provide a one-stop trading experience for retail traders. From my experience, the experience is indeed a one-stop shop, but it is not very pleasant. The worst part is the customer service, it always takes hours for them to respond to my messages. That's because of the jet difference?
This company claims to provide a one-stop trading experience for retail traders. From my experience, the experience is indeed a one-stop shop, but it is not very pleasant. The worst part is the customer service, it always takes hours for them to respond to my messages. That's because of the jet difference?
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2023-03-16 17:35
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