abstrak:TENFX, a trading name of Tenfx Ltd, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with over 150 tradable financial instruments with leverage up to 1:500 and floating spreads from 0.0 pips.
TENFX Review Summary in 9 Points | |
Company name | TENFX |
Registered country/region | Saint Vincent and the Grenadines |
Regulation | Unregulated |
Trading Platforms | MT4,MT5 |
Market Instruments | Share CFDs, Forex, Cryptocurrenciesindices, Metals, Commodities |
Minimum Deposit | $50 |
Maximum Leverage | 1:500 |
Spread | As low as 0 |
Customer Support | Phone: +44 7418 356 880 |
Email: support@tenfx.com |
TENFX's official website: https://tenfx.com/ is currently inaccessible normally.
TENFX, a trading name of Tenfx Ltd, is allegedly a forex and CFD broker registered in Saint Vincent and the Grenadines that claims to provide its clients with over 150 tradable financial instruments with leverage up to 1:500 and floating spreads from 0.0 pips.
Pros | Cons |
NONE | Not regulated |
You need to note that according to WiKiFX's investigation, TENFX is currently not regulated by any recognized financial authorities.
You can trade dozens of products including Share CFDs, Forex, Cryptocurrenciesindices, Metals and Commodities.
Tradable Instruments | Supported |
Share CFDs | ✔ |
Forex | ✔ |
Cryptocurrenciesindices | ✔ |
Metals | ✔ |
Commodities | ✔ |
TENFX claims to offer five types of accounts, namely Individual, Join, Trust, Family and Institutional.
The leverage provided by TENFX is capped at 1:500. TENFXs website claims that the spread starts from 0.0 pips and the commission from 0.08%.However, the broker says nothing about the minimum initial deposit requirement to open an account.
We were promised access to established platforms MetaTrader4 and MetaTrader5 but upon registering an account with TENFX we were just provided with a client area connected to TradingView.In any case, we recommend using MT4 or MT5 for your trading platform.
Trading Platform | Supported | Available Devices | Suitable for |
MetaTrader4 | ✔ | PC | Anyone |
MetaTrader5 | ✔ | PC | Anyone |
TENFX says to work with debit cards, cryptocurrencies and Skrill. The minimum initial deposit requirement is said to be only $50, while there is no mention of what the minimum withdrawal amount is.
Deposit Options
Deposit Options | Min. Deposit | Fees | Processing Time |
Debit cards | $50 | No mention | No mention |
Cryptocurrencies | $50 | No mention | No mention |
Skrill | $50 | No mention | No mention |
Withdrawal Options
Withdrawal Options | Min. Withdrawal | Fees | Processing Time |
Debit cards | No mention | No mention | No mention |
Cryptocurrencies | No mention | No mention | No mention |
Skrill | No mention | No mention | No mention |
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