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Reviewed broker: Tenkofx

Location: Belize, Russia

Tenko Systems Limited (Сompany No. C 49112), Nevis, Charlestown, Corner of Jews Street & Marion Avenue, Ramsbury Site

Established in 2012

Regulation: International Financial Services Commission of Belize IFSC/60/349/TS/15

STP straight through processing: yes

ECN: yes

Trading instruments: Forex, metals, futures, CFDs, stocks. Cryptocurrency including Bitcoin

ADVANTAGES of Tenkofx

  • Fast execution with no dealing intervention 
  • Price aggregation from numerous liquidity suppliers, including JPMorgan, GOLDMAN Sachs, LMAX, Deutsche Bank AG, Morgan Stanley and others 
  • Most up-to-date trading tools 
  • Additional services: PAMM accounts, AutoTrade, Analytics 
  • Individual loyalty programs

Account types and trading conditions

Account Type

STP

ECN

Crypto

Execution Type Market execution, 
slippage possible, 
no requotes
Market execution, 
slippage possible, 
no requotes
Market execution, slippage possible, no requotes
 
Account Currency
USD, EUR, RUB USD, EUR, RUB, JPY, MBTC, LTC, ETH USD, EUR, RUB, MBTC, LTC, ETH
 
Minimum 
Initial Deposit
10 USD 100 USD 10 USD
 
Spread
Variable Variable Variable
Fees No commission, Mark-up pricing 4 units of base currency for 1 Lot (100 000$) 

Trading commissions can review up to 1 units of base currency in case of high trading volumes. 
0,5% half-turn
Asset classes Currencies, Metals Currencies, Metals, CFD 29 pairs with BTC, LTC, ETH, BCH, DSH (DigitalCash), ETC, XRP
 
Leverage
Up to 1:500
1:1 - 1:500 for accounts up to $25,000,
1:1 - 1:200 for accounts from $25,000 up to $100,000,
1:1 - 1:100 for accounts from $100,000 up to $1,000,000,
negotiable over $1,000,000.
Up to 1:200
1:1 - 1:200 for accounts up to $100,000,
1:1 - 1:100 for accounts from $100,000 up to $1,000,000,
negotiable over $1,000,000.
1:3
Margin Call 50% 100% 30%
Stop Out 30% 50% 15%
 
Minimum margin
From 2 USD From 5 USD  
 
Market depth
Not available On the side of liquidity provider On the side of liquidity provider
 
Swap-Free Account
Available Available No
Scalping Allowed.
(No restrictions on SL or TP limit price distance.
SL/TP could be set even within the spread.)
Allowed.
(No restrictions on SL or TP limit price distance.
SL/TP could be set even within the spread.)
Allowed
Algo-trading Yes Yes Yes
News trading Yes Yes Yes
Hedging Available, 50% margin release,
Warning: If Free Margin is negative MT4 automatically rejects new orders, even if it is a hedging transaction. Hence, position locks are strongly discouraged!
Available, 50% margin release,
Warning: If Free Margin is negative MT4 automatically rejects new orders, even if it is a hedging transaction. Hence, position locks are strongly discouraged!
Yes
Minimum Lot Currencies - 0.01, Indeces - 0.1 Currencies - 0.01, Indeces - 0.1 0.01 lots
Maximum Lots 1000 1000 1000
Inactive account fees $10 per month $10 per month $10 per month
Trading Platform

MetaTrader 4

MetaTrader 4

MetaTrader 4

Currency pairs: 68 plus Crypto

Maximum leverage: 1:500

Spread types: floating, fixed

Islamic swap free accounts: available

Margin call level: 50%

Stop out level: 25%

Minimum trade size: 0.1 for cent account, 0.1 for ECN, 0.01 for PAMM ECN

REVIEW OF TENKOFX TRADING PLATFORMS

TENKOFX OFFERS YOU THE WORLD’S BEST AND MOST RELIABLE TRADING PLATFORMS, PREFERRED BY THE MAJORITY OF FOREX TRADERS. EACH OF OUR TRADING PLATFORMS DELIVERS AN EASY AND SECURE TRADING ENVIRONMENT, SUPPORTED BY AN EXTENSIVE ANALYTICAL TOOLKIT.

MetaTrader 4 is undoubtedly the most popular retail trading platform, chosen by Forex traders all over the world.

Build-in expert advisors: available

One click trading: yes

AUTOTRADE WITH MYFXBOOK

Experience all the advantages of automatic trading with the MyFXBook AutoTrade service. AutoTrade lets you copy trading transactions straight into your TenkoFXaccount. Link your MT4 account to selected signal providers published by Myfxbook.

Expand your trading experience and improve your trading efficiency.

Scalping: allowed

Hedging: allowed

Advanced charting: yes

Variety of ways to deposit and withdraw funds to and from your trading account

Minimum deposit requirement: $10

Payment methods: Skrill, Neteller, FasaPay, Webmoney, Yandex Money, Qiwi, Bitcoin

Customer support: personal account manager, phone, email, live chat 

How was the rating of Tenkofx performed compared to other brokers? 

This 2019 Forex Broker Review  has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Tenkofx FX broker performance and features. 

Overall our online Tenkofx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Tenkofx or you find inaccurate details Tenkofx broker review please get in touch with us and the changes will be applied.  

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