Score
Belize
|
5-10 years
| https://tenkofx.com/
Website
Rating Index
LicensesLicensed Entity：TENKOFX (Belize) Ltd.
License No. IFSC/60/349/TS/15
Belize
Nigeria
tenkofx.com United States Nigeria
VIP is not activated.
| 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 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 | 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 |
FSC regulates TENKOFX but with the revoked status, making it less safe than regulated brokers.
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 | ✔ |
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 |
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.
The maximum leverage is 1:2000, which is so high meaning that profits and losses are magnified 2000 times.
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 | ✔ | - |
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.
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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