Search

For more information about Tenda Index Forex Broker company profile, come to WikiBit!

Rating Index

WikiFX Detection

Business

Influence D

License

ASIC Revoked

Tenda Index Company

  

Tenda Index Company: An In-Depth Analysis

  

1. Company Overview

  

Founding Date and Background

  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.

  

Parent Company/Ownership Structure

  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.

  

Headquarters Location

  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.

  

Global Business Scope

  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.

  

Main Regulatory Bodies

  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 However, this license has since been revoked, raising concerns about the company's regulatory compliance and operational integrity.

  Back to top

  

2. Company History and Development

  

Key Milestones

  • 2021: Tenda Index was established, aiming to provide Forex and CFD trading services.
  • 2021-2023: The company operated under an ASIC-appointed representative license, which was later revoked in early 2023 due to regulatory concerns.

  

Business Expansion Journey

  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.

  

Customer Base Growth

  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.

  

Platform Development History

  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.

  

Important Awards or Recognitions Received

  As of now, Tenda Index has not been reported to have received any significant awards or recognitions in the financial services industry.

  Back to top

  

3. Trading Services Offered

  

Forex Trading Options

  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.

  

Stock Trading Options

  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.

  

CFD Trading Products

  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.

  

Other Financial Instruments

  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.

  

Special Services or Unique Advantages

  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.

  Back to top

  

  

Detailed Regulatory Information

  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.

  

  • United Kingdom: Tenda Index Ltd (Registration No. 12871467)
  • Australia: Previously operated as Tenda Index Limited (Australia) under ASIC, now revoked.

  

Client Fund Protection Measures

  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.

  

Countries/Regions Served

  Tenda Index primarily targets clients in the United Kingdom and Australia, although its operational limitations may restrict its reach in other regions.

  

Compliance History

  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.

  Back to top

  

5. Competitive Landscape

  

3-5 Main Competitors

  • IG Group: A well-established broker offering a wide range of trading instruments and regulatory oversight.
  • OANDA: Known for its robust trading platform and transparent pricing.
  • Pepperstone: A competitive broker offering low spreads and a variety of trading options.
  •   

    Positioning in the Industry

      Tenda Index is positioned as a Forex and CFD broker, but its revoked regulatory status significantly undermines its credibility in the competitive landscape.

      

    Market Differentiation Factors

    • Leverage Options: Offers high leverage ratios, which can attract risk-tolerant traders.
    • MT5 Platform: Provides access to a popular trading platform with advanced features.
    • Account Types: Offers multiple account types to cater to different trading styles, although the effectiveness of these offerings is questioned due to regulatory concerns.

      Back to top

      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.

      For more information on trading services and company details, please learn more.