TenkoFX is a forex broker with a good range of FX currency pairs for trading online via the popular MetaTrader 4 platform. With the broker, clients can trade different markets, such as currency pairs, metals, indices, and cryptocurrencies. The broker operates the ECN model of trade executions, providing traders access to the interbank market, which ensures competitive spreads, commission fees, and faster execution speeds.
In addition, the broker offers many trading tools, including modern PAMM technologies (a crypto PAMM ECN) for money managers and investors, and a trader’s academy.
TenkoFX Review Introduction
In this TenkoFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support and broker regulation.
You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers including TenkoFX.
TenkoFX Platforms & Tools
The broker provides clients with the MetaTrader 4 (MT4) platform, one of the most popular retail trading platforms used by forex and CFD traders from all over the world and is considered the gold standard in the industry. MT4 has a user-friendly interface, a high level of security, and flexibility. It incorporates multiple trading indicators and analytical tools and allows you to automate a large number of trading strategies with expert advisors (EAs).
The platform is highly versatile and can be adapted to specific needs by the addition of customized MQL-based indicators, scripts, and EAs for automated trading. MT4 allows all types of orders, a wide range of analytical tools, and newsfeeds. There are alert notifications, real-time data feed, 3 chart types, 9 timeframes, and an MQL community to share ideas and tools with other traders.
MT4 is available as an installable desktop platform, a web trading terminal that runs on Google Chrome and other modern web browsers, and mobile trading apps for Android and iOS devices for those who wish to trade on the go.
Additionally, the broker provides some useful trading tools, such as Trading Calculator, Myfxbook AutoTrade for automatically copying other traders’ trades, and PAMM Accounts for money managers and investors.
TenkoFX Research & Education
TenkoFX offers a good selection of educational materials, including a trading academy, forex news, economic calendar, and a glossary of key trading terminologies and their meanings.
TenkoFX Trading Accounts
The broker offers different account types, and you can open an account with a minimum deposit of just $10. Here are the account types:
- STP: up to 1:500 leverage, swap-free option, no trading restrictions, minimum 0.01 lots, no commission, and marked-up pricing
- ECN: up to 1:200 leverage, swap-free option, no trading restrictions, minimum 0.01 lots, and a commission of $4 per lot
- Crypto: up to 1:3 leverage, minimum of 0.01 lots
TenkoFX Account Funding
TenkoFX offers a variety of account funding and withdrawal methods, such as wire transfer, credit/debit cards, UnionPay, Neteller, Skrill, Qiwi, Fasapay, AdvCash, Perfect Money, and Cryptocurrency. Some methods may only be available to specific countries, and not all are available for both deposit and withdrawal. Transaction time and cost vary with the method used.
TenkoFX Customer Service
The broker provides 24/5 customer support services via online chat, telephone, and email.
TenkoFX is licensed and authorized to provide financial services by the International Financial Services Commission (IFSC) of Belize.
TenkoFX Review Summary
TenkoFX is an online forex broker that offers over 68 tradable assets on the user-friendly MT4 platform. They offer PAMM accounts and copy trading through Myfxbook AutoTrade.
It is worth mentioning that some of the trading products and services in this TenkoFX review may differ or not be available to traders in some countries due to regulations. As brokers terms can change over time, please verify all information is up to date directly from the TenkoFX broker website which you can visit by using the link below.
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.