Choosing the right broker can make all the difference in your financial journey. TNFX, an ECN forex broker regulated by the Financial Services Authority (FSA) in Seychelles, has been making waves in the industry with its comprehensive range of trading tools and services.
Whether you're a seasoned trader or starting, TNFX broker aims to provide a seamless and profitable trading experience. In this TNFX Review, we'll examine what TNFX offers, from its diverse account types to cutting-edge platforms, helping you decide if it fits your trading needs.
TNFX Company Information & Regulation Status
TNFX has established itself as a prominent player in the forex trading landscape since 2019, offering a wide array of services to both individual and corporate clients. Here's what you need to know about the company:
- Regulated by FSA in Seychelles;
- Registered in Seychelles and the UAE;
- Winner of several industry awards, including “Best ECN Broker in the Middle East” & “Most Trusted Broker in the Middle East”.
TNFX's regulatory status and industry recognition provide a solid foundation of trust and reliability for traders seeking a reputable broker.
TNFX Broker Summary of Specifics
To give you a quick overview of what TNFX offers, here's a summary table of key specifics:
Broker | TNFX |
Account Types | Standard, Fix, VIP, Zero, Cent, Demo |
Regulating Authorities | FSA (Seychelles) |
Based Currencies | USD |
Minimum Deposit | $100 |
Deposit/Withdrawal Methods | Visa, Bank Transfer, Perfect Money, WebMoney, MasterCard, STICPAY, Advcash, Al-Taif, Payeer, India Payment, Asia Pay, Corapay, Ozow, PayRetailers, Credit Cards, Local depositor, Office transfers |
Minimum Order | 0.01 |
Maximum Leverage | 1:500 |
Investment Options | YES |
Trading Platforms & Apps | MT4, MT5 |
Markets | Forex, Commodities, Stocks, Indices |
Spread | From 0 |
Commission | $5 for Zero account |
Orders Execution | Market |
Margin Call/Stop Out | 100%/20% |
Trading Features | CopyTrading, Fixed spread |
Affiliate Program | YES |
Bonus & Promotions | YES |
Islamic Account | YES |
PAMM Account | YES |
Customer Support Ways | Live chat, Email, Phone, Ticket |
Customer Support Hours | 24/6 |
This comprehensive offering caters to a wide range of traders, from beginners to professionals, ensuring that TNFX can meet diverse trading needs and preferences.
TNFX Types of Trading Accounts
TNFX broker offers a variety of account types to suit different trading styles and experience levels.
Let's break down each account type:
Account Type | Minimum Deposit | Leverage |
Standard | $100 | Up to 1:500 |
Fix | $1,000 | Up to 1:500 |
VIP | $100,000 | Up to 1:100 |
Zero | $1,000 | Up to 1:500 |
Cent | $100 | Up to 1:500 |
All account types offer swap-free Islamic options and support automated trading. This diverse range ensures traders of all levels and preferences can find an account that suits their needs. The broker also offers Demo accounts to simulate the trading experience on the platform.
TNFX broker’s Advantages and Disadvantages
Let's take a look at the pros and cons of trading with TNFX:
Advantages | Disadvantages |
Trusted and reliable MT4/MT5 platforms | Restrictions on certain regions |
Easy account opening process | High risk associated with leveraged trading |
Responsive customer support | - |
Variety of account types | - |
While TNFX offers many advantages, it's crucial to remember that forex and derivative trading carry significant risks.
Traders should carefully consider these factors and seek independent financial advice before engaging in trading activities.
TNFX Signing Up & Verification Process
Getting started with TNFX is a straightforward process. Here's a step-by-step guide:
- Visit the website and click on "Open Live Account";
- Choose your preferred account type (Individual or Corporate);
- Fill in the provided form with your details;
- Accept the terms and conditions;
- Submit your application;
- Verify your mobile & email address;
- Fill in your address details;
- Provide your financial information;
- Choose your platform & account type;
- Set a leverage and password;
- Upload KYC documents (Identity & address).
The broker's commitment to a smooth onboarding experience ensures you can start trading quickly and efficiently.
TNFX Trading Platforms
TNFX provides traders access to the industry-leading MetaTrader 4 (MT4) and MetaTrader 5 (MT5) platforms. Here's what you need to know:
MetaTrader 4 | MetaTrader 5 | Web Terminal |
User-friendly interface | More advanced features than MT4 | Browser-based trading platform |
Advanced charting tools | Enhanced analytical tools | No software installation required |
Expert Advisors (EAs) for automated trading | A wider range of tradable assets | Replicates MT4/MT5 functionality |
- | Improved backtesting capabilities | - |
TNFX's provision of these popular platforms ensures that traders have access to powerful tools for executing their strategies across various devices and operating systems.
TNFX Spread and Commission Structure
TNFX offers competitive pricing structures across its account types:
Account | Spread | Commission |
Standard | From 1.0 pips | Zero |
Fix | FIX Spread (FX, Metal) | Zero |
VIP | From 0.4 pips | Zero |
Zero | As low as 0.0 pips for EUR/USD | $5 per lot |
Cent | From 1.0 pips | Zero |
TNFX's variable spreads fluctuate based on market liquidity, with tighter spreads during high liquidity periods.
TNFX Broker Deposit & Withdrawal Methods
TNFX provides a range of convenient deposit and withdrawal options:
- WebMoney;
- Payeer;
- Asia Pay;
- Visa;
- STICPAY;
- Advcash;
- Corapay;
- Ozow;
- MasterCard;
- Credit Cards;
- Bank Transfer;
- Local depositor;
- Perfect Money;
- Al-Taif;
- Office transfers;
- India Payment.
This diverse range of payment options, quick processing times, and fee-free transactions make managing your trading funds with TNFX convenient and cost-effective.
Copy Trading & Investment Options Offered on TNFX Broker
TNFX offers both Copy Trading and PAMM (Percentage Allocation Management Module) options, catering to traders who want to leverage the expertise of others.
Feature | Description | Key Benefits |
Copy Trading | Automatically replicate trades of successful traders | Suitable for beginners, customizable risk levels and allocation |
PAMM | Invest in professionally managed accounts | Diversify portfolio with different strategies, real-time monitoring |
These features allow traders to benefit from others' expertise while controlling their investment levels and risk exposure.
TNFX Bonuses and Promotions
TNFX broker doesn't offer traditional trading bonuses, they do provide other incentives:
- $100 Birthday Gift: Credited to your account on your birthday;
- $50 No-Deposit Bonus: Available to new clients who complete KYC.
TNFX also offers an Affiliate Program:
- Tiered commission structure;
- Earn up to $10 per standard contract traded by referred clients;
- Cashback Rebate program for Introducing Brokers (IBs);
- Commission rates from 15% (Minimum range of number of accounts) to 55% (Minimum range of deposit).
These programs allow traders to earn additional income and rewards while trading with TNFX.
TNFX Broker Support (Phone, Live chat, Email)
TNFX provides comprehensive customer support to assist traders:
- Phone Support: +2484374030;
- Email Support: support@tnfx.co;
- Live Chat.
TNFX's multi-channel support ensures traders can get help when needed, enhancing the overall trading experience.
TNFX Broker List of Restricted Countries
TNFX, in compliance with international regulations, does not provide services to residents of certain countries:
- United States;
- India;
- Cuba;
- Myanmar;
- North Korea;
- Iran;
- Sudan.
This restriction is due to local laws and regulations in these countries that prohibit or limit the use of foreign brokerage services.
TNFX Broker Trust Scores & Reviews on Trustpilot
TNFX has garnered a generally positive reputation in the trading community:
- Overall Trust Score:1 out of 5 on Trustpilot.
Positive Aspects | Areas of Concern |
Efficient withdrawal process | Challenges with withdrawing commissions for some users |
Competitive fee structure | Lack of multilingual support beyond Arabic and English |
Honest technical support | - |
It's important to note that while TNFX has a strong overall rating, individual experiences may vary. Potential traders should consider both positive and negative feedback when making their decision.
Conclusion and final words
TNFX broker stands out as a solid choice for traders seeking a regulated broker with a wide range of offerings. Its diverse account types (Standard, Fix, VIP, Zero, Cent, Demo), competitive pricing, and access to popular trading platforms (MT4, MT5) make it suitable for various trading styles. The broker's commitment to education and customer support is commendable, although multilingual support has room for improvement.
While TNFX has many strengths, potential traders should carefully consider the risks of forex and CFD trading. Ultimately, the broker provides a comprehensive trading ecosystem catering to novice and experienced traders. Write your opinion on TNFX Review in the comments.
