Tenko FX Review

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Company Overview

Tenko FX is a financial services provider operating since 2012. As a part of its services, the company provides its clients access to forex and CFD commodity markets. As an execution of the company’s Straight Through Processing (STP) technology, it excludes the participation of the broker in the trading.

The company is owned by a Russian and obtained its license on September 2013 by the Financial Service Provider Register in New Zealand.

Trading Platform

Tenko FX offers a single trading platform i.e. MetaTrader 4. On the MT4 platform, Tenko FX is known for providing three distinct accounts to its clients. These three accounts include:

  1. Standard MT4
  2. ECN Meta Trader
  3. Cent MT4

Clients can always opt for trying the free demo version of the platform before making a decision regarding the same. The service is also provided by Tenko FX on smartphones including iOS and Android devices.

The MetaTrader 4 terminal is used for the fixed and floating spread accounts by the broker. This particular system provides the broker more than 30 built-in technical tools. Moreover, using the MOL 4 programming language, the traders can get access to a wide range of advisors, automated strategies, and trading robots.

The Tenko FX’s platform, hence, is a platform that provides clients with ease and satisfaction with respect to the services provided. Opening an account is completely automated under this system, while the management of the trading activities performed by the client is made easy via the personal client cabinet.

Features

  • Account funding requires low commission
  • Provides fast deposit and withdrawal services
  • 24-hour customer service
  • Transparent system provided to the traders
  • Contests and campaigns are held for the traders and investors on a regular basis

Customer Service

The customers can reach the company via three separate mediums. These include phone, email, and live chat. The live chat option provided by the company allows clients to talk with the customer representatives in real time for the sake of sharing a concern or getting an issue solved. Apart from this particular option, the clients are also provided with phone and email services 24 hours a day for the sake of providing convenience to the traders and investors.

Conclusion

Tenko FX is a company that excels in providing financial services in forex and CFD commodity markets. The company is well known for its MT4 platform, which it uses for its trading purpose. Moreover, in order to serve its customers well, the company offers a live chat option for its clients for the sake of sharing a concern or lodging a complaint. Under its three accounts, the clients are free to choose the one that meets their requirements well together with availing the services provided by the company. The company also announces regular contests to keep its clients on board and updated regarding the services provided.

Office website: http://tenkofx.com

6 COMMENTS

  1. What I really liked, is their verification process. You need it to trade cryptocurrencies and it took only one day. Other brokers and exchanges can spend months on that. As for the conditions, I’ve traded LTCEUR a lot recently. Spread and volatility for this asset are both good. In short, I’m happy with this broker.

  2. I’m satisfied with this broker’s work. The trading is comfortable, the broker fulfills the conditions and doesn’t cancel orders and there’re market quotes. There’s a great opportunity to trade with cryptocurrency, though I haven’t figured it out yet. But judging by how these assets are now popular, it’s good that the broker gives this opportunity.

  3. I sometimes trade on news, and some brokers have a tendency for gapping. I haven’t noticed it on TenkoFX although such possibility is mentioned in trading terms. I might be just lucky, but I trust this broker. I trade on a smart account, but I’m going to switch to ecn. The minimum deposit is only $100 there, but you can deposit significantly more currencies. They are USD, EUR, RUB, JPY, MBTC, LTC, ETH. It became easier for me to invest crypt.

  4. I often use scalping, and TenkoFX broker is just right for me. You can scalp on all accounts there, and not all brokers approve it. The orders are processed even within the spread. It suits me perfectly. And TenkoFX has a fine support, I’ve checked it myself recently, when I couldn’t figure out the adviser on MT4. I got an answer in 5 minute and they asked whether everything was fine afterwards. Maybe this broker should add some cryptocurrencies because it has only 7.

  5. For me, one of the most appealing things about Tenko, as well as the great trading terms, of course, is the diversified financial policy and the fact that the withdrawal currency isn’t pegged to the depositing method in particular. In case of many brokers, if you make a deposit through fiat, you’ll have to withdraw money the same way. There’s no such thing here. When the crisis happened on the crypto marketm I decided to try playing on Forex and Tenko helped me save a lot of money on commissions for bitcoing conversions. Basically there was no conversion. I simply deposited my account. Unfortunately, the list of deposit and withdrawal tokens in limited and doesn’t include Monero. Everything else is alright. The verification isn’t difficult. All the processes are clearly described.

  6. Lax requirements to the deposit, narrow spreads, demos, you can trade in MetaTrader4 or online in WebTradere – ideal for a newbie. When I decided to try investing in a PAMM a little bit, I had some questions (the investments terms are a bit unusual there, for example the operations are copied from the trading PAMM account, so the PAMM trader is called a “provider”, etc.), so I asked the online-consultant on the website and received all the answers straight away. In a nutshell, the company isn’t really known, they care about each of their clients. That’s why there aren’t a lot of PAMMs yet, and I’m not that interested in it, as in independent trading. Everything’s okay with it here.

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