TENKO FX Spreads, leverage, minimum deposit Revealed

WikiFX | 2024-11-25 16:03

Abstract：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.

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 Information

　　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 and Cons

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

Is TENKOFX Legit?

　　FSC regulates TENKOFX but with the revoked status, making it less safe than regulated brokers.

What Can I Trade on TENKOFX?

　　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	✔

Account Type

　　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

TENKOFX Fees

　　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.

Leverage

　　The maximum leverage is 1:2000, which is so high meaning that profits and losses are magnified 2000 times.

Trading Platform

　　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	✔	-

Deposit and Withdrawal

　　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.

Customer Support Options

　　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
Email	support@tenkofx.com
Supported Language	English
Website Language	English
Physical Address	27th foor, Menara TA One 22, Jalan PRamlee, 50250.Kuala Lumpur, Malaysia