TENKOFX Forex Broker

TENKOFX Review SummaryFounded2011-06-22Registered Country/RegionBelizeRegulationRevokedMarket InstrumentsCurrency pairs/Gold/Silver/CDFs(on Cryptocurrencies/FX Spot/Shares/Index/Spot Metals/Commodities)Demo Account✅LeverageUp to 1:2000SpreadAs narrow as 0Trading PlatformMT4(Windows/iPhone/iPad/Android)/MT5Min Deposit$10Customer SupportEmail: support@tenkofx.comTENKOFX 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 ConsPros Cons 24/5 client supportRevokedMT4/MT5 availableMaximum leverage so highDemo/Island account availableRestricted contact informationVarious tradable instrumentsSpread as low as 0Is 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 STPECNCryptoMinimum depositfrom 10 USDfrom 100 USDfrom 10 USDSpreadfloatingfloating, from 0 pipsfloatingCommission(per 1 mio)Nofrom 15 USD0.5% of trade volume round turnMinimum transaction size0.01 lots0.01 lots0.01 lotsOpen trades maxnot limited*not limited*not limited*Leverageup to 1:500up to 1:5001:3Margin Call50%100%30%Stop Out30%50%15%Demo accountsYesYesYesIslamic accountsYesYesNoBonusesYesNoNoHedgingYesYesYesTENKOFX 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 PlatformSupported Available Devices MT4✔Windows/iPhone/iPad/AndroidMT5✔-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 DetailsEmail support@tenkofx.comSupported Language EnglishWebsite Language EnglishPhysical Address 27th foor, Menara TA One 22, Jalan PRamlee, 50250.Kuala Lumpur, Malaysia