TENKOFX Spreads, leverage, minimum deposit Revealed

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

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.

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.

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.

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.