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Business
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Tenda Index, operating under the trading name Tenda Index Ltd, was established in 2021. The company was incorporated under the laws of England and Wales, with a focus on providing trading services in various financial markets.
Tenda Index Ltd is an independent entity and does not appear to have a parent company that oversees its operations. The ownership structure details are not publicly disclosed, which is common for private limited companies.
The headquarters of Tenda Index is located at Unit 100, 25-29 Clements Road, Ilford, London, IG1 1BH, United Kingdom. This location places the company within a jurisdiction known for its robust financial regulatory framework.
Tenda Index primarily operates within the Forex and CFD trading markets, offering a range of financial instruments. However, the company's global business scope is limited, particularly due to its revoked regulatory status in Australia.
Tenda Index was previously regulated by the Australian Securities and Investments Commission (ASIC) under license number 001283714. However, this license has since been revoked, raising concerns about the company's regulatory compliance and operational integrity.
Since its inception, Tenda Index has aimed to expand its offerings in the trading sector. However, the revocation of its regulatory license has significantly hindered its ability to grow and attract new clients.
The customer base of Tenda Index remains unclear, particularly in light of its regulatory issues. While some reviews indicate a mix of experiences, the revoked license has likely deterred potential clients.
Tenda Index offers the MT5 trading platform, a popular choice among traders for its advanced features. However, specific details regarding platform updates or enhancements are not readily available.
As of now, Tenda Index has not been reported to have received any significant awards or recognitions in the financial services industry.
Tenda Index provides a selection of Forex currency pairs for trading, although the exact number of pairs offered is not specified. The maximum leverage for Forex trading can reach up to 1:400, allowing traders to amplify their potential returns.
The company also offers stock trading options through Contracts for Difference (CFDs), enabling clients to speculate on stock price movements without owning the underlying assets.
In addition to Forex and stocks, Tenda Index provides access to various CFD trading products, including commodities and indices. However, popular assets like cryptocurrencies are not available on their platform.
While Tenda Index focuses on Forex and CFDs, it does not offer a wide range of other financial instruments, such as cryptocurrencies or exchange-traded funds (ETFs), limiting the diversity of trading options for clients.
Tenda Index claims to provide competitive trading conditions, including low spreads and various account types (Standard, VIP, and ECN). However, the lack of regulatory oversight raises questions about the reliability of these claims.
Tenda Index was regulated by ASIC, but this regulatory status was revoked due to non-compliance issues. Currently, the company operates without oversight from any regulatory body, which poses significant risks for potential clients.
Due to the revocation of its regulatory license, Tenda Index lacks formal client fund protection measures, which raises concerns about the safety of investors' funds.
Tenda Index primarily targets clients in the United Kingdom and Australia, although its operational limitations may restrict its reach in other regions.
The compliance history of Tenda Index has been marred by the revocation of its ASIC license, indicating potential issues with regulatory adherence and operational standards.
Tenda Index is positioned as a Forex and CFD broker, but its revoked regulatory status significantly undermines its credibility in the competitive landscape.
In conclusion, while Tenda Index presents itself as a trading platform with various options and features, its revoked regulatory status and lack of transparency raise significant concerns for potential clients. The companys future remains uncertain, and traders are advised to conduct thorough due diligence before engaging with Tenda Index.
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