Location: Belize, Russia
Tenko Systems Limited (Сompany No. C 49112), Nevis, Charlestown, Corner of Jews Street & Marion Avenue, Ramsbury Site
Established in 2012
Regulation: International Financial Services Commission of Belize IFSC/60/349/TS/15
STP straight through processing: yes
ECN: yes
Trading instruments: Forex, metals, futures, CFDs, stocks. Cryptocurrency including Bitcoin
ADVANTAGES of Tenkofx
- Fast execution with no dealing intervention
- Price aggregation from numerous liquidity suppliers, including JPMorgan, GOLDMAN Sachs, LMAX, Deutsche Bank AG, Morgan Stanley and others
- Most up-to-date trading tools
- Additional services: PAMM accounts, AutoTrade, Analytics
- Individual loyalty programs
TenkoFx Review : Account types and trading conditions
| Account Type | STP | ECN | Crypto |
|---|---|---|---|
| Execution Type | Market execution, slippage possible, no requotes | Market execution, slippage possible, no requotes | Market execution, slippage possible, no requotes |
| Account Currency | USD, EUR, RUB | USD, EUR, RUB, JPY, MBTC, LTC, ETH | USD, EUR, RUB, MBTC, LTC, ETH |
| Minimum Initial Deposit | 10 USD | 100 USD | 10 USD |
| Spread | Variable | Variable | Variable |
| Fees | No commission, Mark-up pricing | 4 units of base currency for 1 Lot (100 000$) Trading commissions can review up to 1 units of base currency in case of high trading volumes. | 0,5% half-turn |
| Asset classes | Currencies, Metals | Currencies, Metals, CFD | 29 pairs with BTC, LTC, ETH, BCH, DSH (DigitalCash), ETC, XRP |
| Leverage | Up to 1:500 1:1 – 1:500 for accounts up to $25,000, 1:1 – 1:200 for accounts from $25,000 up to $100,000, 1:1 – 1:100 for accounts from $100,000 up to $1,000,000, negotiable over $1,000,000. | Up to 1:200 1:1 – 1:200 for accounts up to $100,000, 1:1 – 1:100 for accounts from $100,000 up to $1,000,000, negotiable over $1,000,000. | 1:3 |
| Margin Call | 50% | 100% | 30% |
| Stop Out | 30% | 50% | 15% |
| Minimum margin | From 2 USD | From 5 USD | |
| Market depth | Not available | On the side of liquidity provider | On the side of liquidity provider |
| Swap-Free Account | Available | Available | No |
| Scalping | Allowed. (No restrictions on SL or TP limit price distance. SL/TP could be set even within the spread.) | Allowed. (No restrictions on SL or TP limit price distance. SL/TP could be set even within the spread.) | Allowed |
| Algo-trading | Yes | Yes | Yes |
| News trading | Yes | Yes | Yes |
| Hedging | Available, 50% margin release, Warning: If Free Margin is negative MT4 automatically rejects new orders, even if it is a hedging transaction. Hence, position locks are strongly discouraged! | Available, 50% margin release, Warning: If Free Margin is negative MT4 automatically rejects new orders, even if it is a hedging transaction. Hence, position locks are strongly discouraged! | Yes |
| Minimum Lot | Currencies – 0.01, Indeces – 0.1 | Currencies – 0.01, Indeces – 0.1 | 0.01 lots |
| Maximum Lots | 1000 | 1000 | 1000 |
| Inactive account fees | $10 per month | $10 per month | $10 per month |
| Trading Platform | MetaTrader 4 | MetaTrader 4 | MetaTrader 4 |
Currency pairs: 68 plus Crypto
Maximum leverage: 1:500
Spread types: floating, fixed
Islamic swap free accounts: available
Margin call level: 50%
Stop out level: 25%
Minimum trade size: 0.1 for cent account, 0.1 for ECN, 0.01 for PAMM ECN
TenkoFx Review : TRADING PLATFORMS
TENKOFX OFFERS YOU THE WORLD’S BEST AND MOST RELIABLE TRADING PLATFORMS, PREFERRED BY THE MAJORITY OF FOREX TRADERS. EACH OF OUR TRADING PLATFORMS DELIVERS AN EASY AND SECURE TRADING ENVIRONMENT, SUPPORTED BY AN EXTENSIVE ANALYTICAL TOOLKIT.
MetaTrader 4 is undoubtedly the most popular retail trading platform, chosen by Forex traders all over the world.
Build-in expert advisors: available
One click trading: yes
AUTOTRADE WITH MYFXBOOK
Experience all the advantages of automatic trading with the MyFXBook AutoTrade service. AutoTrade lets you copy trading transactions straight into your TenkoFXaccount. Link your MT4 account to selected signal providers published by Myfxbook.
Expand your trading experience and improve your trading efficiency.
Scalping: allowed
Hedging: allowed
Advanced charting: yes
TenkoFx Review : deposit and withdraw funds to and from your trading account
Minimum deposit requirement: $10
Payment methods: Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi, Bitcoin
Customer support: personal account manager, phone, email, live chat
How was the rating of Tenkofx performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Tenkofx FX broker performance and features.
Overall our online Tenkofx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Tenkofx or you find inaccurate details Tenkofx broker review please get in touch with us and the changes will be applied.
