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Danger
BZ FSC
2020-10-15
WARNING NOTICE 
TENKOFX
No Regulation
Score
1.58 /10
Danger
TENKOFX
5-10 yearsSuspicious Regulatory License
Suspicious Scope of Business
Belize Retail Forex License Revoked
High potential risk
Influence
C
Add brokers
Comparison
Expose
Exposure
Open Account
Website
Score
Regulatory Index0.00
Business Index7.55
Risk Management Index0.00
Software Index4.00
License Index0.00
Open Account
Website
Licenses
VPS Standard
No restriction on the broker account. Support service provided by WikiFX
Single Core
1G
40G
open now
Regulatory disclosure
Check whenever you want
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Warning: Low score, please stay away!
3
Previous Detection :
2024-12-23
- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- BelizeFSC (license number: IFSC/60/349/TS/15) The regulatory status is abnormal, the official regulatory status is Revoked. Please be aware of the risk!
WikiFX Verification
| TENKOFX Review Summary | |
| Founded | 2011-06-22 |
| Registered Country/Region | Belize |
| Regulation | Revoked |
| Market Instruments | Currency pairs/Gold/Silver/CDFs(on Cryptocurrencies/FX Spot/Shares/Index/Spot Metals/Commodities) |
| Demo Account | ✅ |
| Leverage | Up to 1:2000 |
| Spread | As narrow as 0 |
| Trading Platform | MT4(Windows/iPhone/iPad/Android)/MT5 |
| Min Deposit | $10 |
| Customer Support | Email: support@tenkofx.com |
TENKOFX Information
TENKOFX is a broker engaged in various tradable instruments with a maximum leverage of 1:2000 including 50 currency pairs+, gold, silver, and CDFs on 50+ FX spots, 68+ cryptocurrencies, shares, indices, spot metals, and commodities. The broker also provides demo and island accounts. The minimum spread is from 0 pips and the minimum deposit is $10. TENKOFX is still risky due to its revoked status and high leverage.
Pros and Cons
| Pros | Cons |
| 24/5 client support | Revoked |
| MT4/MT5 available | Maximum leverage so high |
| Demo/Island account available | Restricted contact information |
| Various tradable instruments | |
| Spread as low as 0 |
Is TENKOFX Legit?
FSC regulates TENKOFX but with the revoked status, making it less safe than regulated brokers.
What Can I Trade on TENKOFX?
Traders can choose various investment directions because the broker provides 50 currency pairs+, gold, silver, and CDFs on 50+ FX spots, 68+ cryptocurrencies, shares, indices, spot metals, and commodities.
| Tradable Instruments | Supported |
| Currency pairs | ✔ |
| Gold | ✔ |
| Cryptocurrencies | ✔ |
| Silver | ✔ |
| FX Spot | ✔ |
| Shares | ✔ |
| Index | ✔ |
| Spot Metals | ✔ |
| Commodities | ✔ |
Account Type
TENKOFX provides STP, ECN, and Crypto accounts with different minimum deposits, spreads, commissions, and maximum leverages. Traders who want low spreads can choose an ECNaccount and those who prefer low leverage can open a Crypto account. Newbies practice through demo accounts without real funds and STP&ECN support Islamic accounts.
| Account Type | STP | ECN | Crypto |
| Minimum deposit | from 10 USD | from 100 USD | from 10 USD |
| Spread | floating | floating, from 0 pips | floating |
| Commission(per 1 mio) | No | from 15 USD | 0.5% of trade volume round turn |
| Minimum transaction size | 0.01 lots | 0.01 lots | 0.01 lots |
| Open trades max | not limited* | not limited* | not limited* |
| Leverage | up to 1:500 | up to 1:500 | 1:3 |
| Margin Call | 50% | 100% | 30% |
| Stop Out | 30% | 50% | 15% |
| Demo accounts | Yes | Yes | Yes |
| Islamic accounts | Yes | Yes | No |
| Bonuses | Yes | No | No |
| Hedging | Yes | Yes | Yes |
TENKOFX Fees
The floating spread is from 0 pips and the commission is as low as 0. The lower the spread, the faster the liquidity. Islamic accounts are swap-free.
Leverage
The maximum leverage is 1:2000, which is so high meaning that profits and losses are magnified 2000 times.
Trading Platform
TENKOFX cooperates with the authoritative MT4 trading platform available for Windows, iPhone, iPad, and Android. Junior traders prefer MT4 over MT5. MT4 not only provides various trading strategies but also implements EA systems.
| Trading Platform | Supported | Available Devices |
| MT4 | ✔ | Windows/iPhone/iPad/Android |
| MT5 | ✔ | - |
Deposit and Withdrawal
The minimum deposit is $10. Deposits and withdrawals are processed from Mon to Fri (9:00 am to 9:00 pm, GMT+4) depending on the chosen transfer method.
Customer Support Options
TENKOFX provides 24/5 client support; traders can contact the broker via email instead of a phone, which will reduce communication efficiency because the email procession is lower than the phone.
| Contact Options | Details |
| support@tenkofx.com | |
| Supported Language | English |
| Website Language | English |
| Physical Address | 27th foor, Menara TA One 22, Jalan PRamlee, 50250.Kuala Lumpur, Malaysia |
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