Located in Belize, TenkoFX is online forex brokerage with Straight Through Processing (STP) model, meaning that there is no third party intervention. The broker claims to have strong partnership with liquidity suppliers to provide low spreads in any market conditions.
You have a choice of dozens currency pairs, metals, futures, CFDs and stocks. The broker is regulated by International Financial Services Commission of Belize. At the moment of this review, the broker was registered but since the registration license is renewed annually it is advisable to check with IFSC the current status of the broker.
Maximum possible leverage is 1:50. Spreads are fixed for Standard and Cent accounts and are floating for ECN accounts.
Accounts with swap-free feature are available upon request and do not settle for overnight-swap/rollover interest charge. Please note, as a result, these accounts have smaller choice of available trading instruments.
TenkoFX margin call and stop out policies are listed below:
Standard (MT4) - 50% Margin Call, 25% Stop Out
Cent (MT4) - 25% Margin Call, 15% Stop Out
ECN (MT4) - 60% Margin Call, 30% Stop Out
Minimum and maximum trading volumes depend on the type of account you have selected:
Standard from 0.01 to 100 lots
Cent Standard from 0.1 to 1000 lots
ECN from 0.10 to 200 lots
PAMM ECN from 0.01 to 200 lots
TenkoFX reviews its reliable trading platform which give you access to rapid market with ease and comprehension.
MetaTrader 4 - the world's most popular trading platform. The interface offers complex analytical features and wide range of technical analysis tools, execution, trading signals, build-in expert advisors and top-notch charting capabilities. It also can be installed on mobile devices running Android and IOS enabling you to trade on the go as long as you have internet access.
Minimum deposit required to start trading depends on the account type you select. With Standard and Cent accounts you need only $10. With ECN and PAMM, the minimum is $500 and $100 respectively.
Money Box is the section of your TenkoDESK account where you can easily control the cash flows, make transfers and maintain the required balance.
The accounts can be opened in the six different currencies USD, EUR, RUB, CNY, INR and IDR.
Withdrawals are processed via Money Box and available payment options are credit cards, wire transfer and electronic payment systems such as Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi.
Funding into your Money Box is instant if you use methods such as Skrill, Neteller and similar electronic online solutions. Bank transfers generally take up to 5 working days.
TenkoFX brings you an integrated support solution called TenkoWATCH with fast, experienced professionals available to help you with whatever question you might have about trading, account and platforms.
There is also TenkoDesk - your personal account manager and assistant. This is efficient and easy way to control your accounts, cash flows and other financial agendas at the click of your mouse.
The broker lists its physical address and offers phone number, email and live chat.