Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TenkoFX Pros & Cons
- Three account options with flexible trading conditions and favorable commission policies.
- Over a hundred assets from highly demanded groups, high leverage, and market execution.
- Average or below-average commissions in the market, allowing traders to choose spread and charge parameters.
- Extensive opportunities for alternative income, including copy trading, PAMM, and partnership programs.
- The primary account currency can be a digital asset, as the broker works with BTC, LTC, ETH, and BCH wallets.
- The platform offers attractive bonuses, including reducing liquidity costs to $10 per 1 million trades.
- Responsive and competent technical support is available 24/5.
- The broker has been operating since 2012 and is officially registered in Nevis, but there is no information about its regulation.
- TenkoFX does not provide comprehensive education and lacks educational courses and webinars with experts.
- Customer support is highly rated but is not available only on weekdays.
TU Expert Verdict
TenkoFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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TenkoFX User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria10 /10The trading and non-trading commissions of TenkoFX have been analyzed and rated as having Low fees, with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Low Forex trading fees
- Tight EUR/USD market spread
- No inactivity fee
- No deposit fee
- No withdrawal fee
- Complex fee structure
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Is TenkoFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria2.5 /10TenkoFX has a safety score of 2.5/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Track record over 16 years
- Not tier-1 regulated
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Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.4 /10TenkoFX offers the following account options: Demo, Standard, ECN/Raw spread.
However, it does not provide a Cent account, which can be a disadvantage for beginners looking to practice with minimal risk.
- Low minimum deposit
- Standard account with balanced trading conditions
- Tight spread ECN account
- No VIP account option
- No Cent account
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology7.5 /10TenkoFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria6.8 /10TenkoFX offers a limited selection of trading assets compared to the market average. The platform supports 88 assets in total, including 70 Forex pairs.
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Trading Account Opening
We successfully registered an account with TenkoFX in 8 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at TenkoFX is $10.Score:We evaluated Trading Account Opening at TenkoFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10This is one of the most accessible and hassle-free onboarding procedures on the market.
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Customer Support
Score:We evaluated Customer Support at TenkoFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria6.5 /10
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FAQs
Is TenkoFX a regulated forex broker and how safe is it?
According to the review, TenkoFX is not a regulated broker and has a safety score of 2.5/10, which corresponds to a low security level. It does not offer negative balance protection but does require KYC verification, and the absence of regulation may increase risks related to investor protection and withdrawals.
What trading commissions and fees does TenkoFX charge?
The review states that TenkoFX has low overall fees, with a fees score of 10/10, and offers tight spreads on major pairs such as EUR/USD (0.2–0.8 pips on Standard accounts) and low commissions on ECN accounts ($1.5–$3.5 per lot). Non-trading fees are also low, with no deposit, withdrawal, or inactivity fees indicated in the section.
What do user reviews say about TenkoFX?
The user satisfaction score for TenkoFX is 2/10, based on 2 user reviews, with 100% of ratings being 1-star. According to user reviews, the overall tone of feedback in this section is mostly negative.
What are the deposit and withdrawal options and fees at TenkoFX?
The review notes that TenkoFX offers a basic range of funding methods, including bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, and supports multiple base currencies such as USD, EUR, GBP, JPY, Bitcoin, RUB, LTC, and ETH. There is no withdrawal fee mentioned, the minimum deposit and withdrawal are both $10, but the section also highlights limited flexibility in payment options and the absence of PayPal and Wise.
How does opening a trading account with TenkoFX work?
The review describes a fully online account opening process at TenkoFX, with registration taking about 8 minutes, mandatory KYC verification completed within 1 business day, and a minimum deposit of $10. The process involves creating an eWallet, completing identity verification, then opening and funding a trading account, although the setup may feel less convenient for beginners.
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