Tenko FX Review 2025
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Updated:
Reason to avoid: Offshore
Listed Date: March 21, 2023
Top 3 Forex Brokers
Beware Tenko FX is a Non-Regulated Broker. It is NOT SAFE to trade.
Advertising Disclosure
Updated:
Reason to avoid: Offshore
Listed Date: March 21, 2023
Beware Tenko FX is a Non-Regulated Broker. It is NOT SAFE to trade.
Tenko FX is not safe to trade with. The broker is suspected to be a scam. Although the broker states its years of experience and favorable conditions, it does not provide any information about registration.
🗺️ Registered in | Nevis |
🗺️ Type of License | Offshore |
🛡️ Is Tenko FX safe to trade? | No |
🗺️ Recommended Licenses | FCA in the UK 🇬🇧 and ASIC in Australia 🇦🇺 |
🖥 Alternative Broker | FP Markets - licensed by ASIC in Australia |
On its website, TenkoFX states that it provides access to both the Forex market and CFD commodity markets with a focus on delivering flawless and instant deal execution for optimal trading outcomes. The broker also operates as an ECN broker with direct access to the interbank market and executes orders via Market Execution mode, where clients' transactions are processed by other traders, banks, and funds. Also, the broker mentions how important are reliability, tight regulations, and transparency. Since its foundation, it has tried to deliver great services to its clients.
Taking into account our findings relating to safety and regulations problems with Tenko FX, we do not rank positively Tenko FX, based on our Expert Opinion with over 10 Years of experience in Forex Trading due to its lack of regulation and numerous negative reviews from traders.
Ranking | Tenko FX | FP Markets | Go Markets |
---|---|---|---|
Our Ranking | ⭐ | ⭐⭐⭐⭐⭐ | ⭐⭐⭐⭐⭐ |
Is Broker safe? | No | Yes | Yes |
Advantages | None | Trading Environment | Trading Platforms |
Taking into account our revelations of Tenko FX reliability and regulations issues, here are much better Alternatives to Tenko FX with good regulations and excellent conditions. We select Good Brokers and reliable options for your comparison below:
Tenko FX states about its easy and effortless deposits and withdrawals. The range of options and terms is regularly updated by the broker. Besides, Tenko FX covers money transfer costs if any, and does not charge more than the cost to the company.
Being an unregulated or an offshore broker does not mean that the broker is a scam. Our revelations showed that TenkoFX is a broker with good offerings, and the reviews of traders are also rather good. Still, many brokers with offshore registration are not trustworthy, and signing with them might result in risking your investments. We recommend well-regulated brokers with UK’s FCA or Australian ASIC registration. We advise signing in with reliable brokers such as AvaTrade, Interactive Brokers, and HFM.
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