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.
This broker's clients can trade currencies, cryptocurrencies, metals, and commodity CFDs. The minimum deposit is $10. In addition to USD, the broker supports EUR, RUB, and JPY. Funds can also be stored and transferred in the following cryptocurrencies: MBTC, LTC, and ETH. Trading is unrestricted, and the use of bots and advisors is allowed. Traders operate through the MT4 and TickTrader trading platforms. The maximum leverage reaches 1:500. The standard trade size ranges from 0.01 to 1000 lots, with a margin call level of 50%. Spreads start from 0 pips, and the commission depends on the account type: for Electronic Communication Network (ECN) accounts, the spread is raw, so there is no additional charge, while ECN and crypto accounts have a $4 commission; but this can be reduced to $1 for larger trading volumes. The TenkoFX broker provides a trade copying service as well as PAMM accounts. In addition, there is a three-tiered referral program. All standard deposit and withdrawal methods are available, including bank cards and cryptocurrency wallets.
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.
Top-5 Brokers Traders Prefer
TenkoFX User Reviews
-
5-star
0%
-
4-star
0%
-
3-star
0%
-
2-star
0%
-
1-star
100%
-
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
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TenkoFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
Standard Account Spread
For Standard accounts, TenkoFX’s commissions are part of the floating spread, which varies with market conditions. Typical values are provided, but during high volatility, the spread may exceed these.
TenkoFX Standard spreads TenkoFX OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 0.8 0.5 1.2 GPB/USD min, pips 0.2 0.1 0.9 GPB/USD max, pips 1.1 0.5 1.4 RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TenkoFX RAW/ECN spreads TenkoFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 1.5 - 3.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.1 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TenkoFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TenkoFX Non-Trading Fees TenkoFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 0 0 15 -
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
TenkoFX Security Factors Foundation date 2010 Negative balance protection NoVerification (KYC) YesTenkoFX is Not a Regulated Broker
Attention! It's your choice to work with regulated or unregulated brokers, but please consider the risks carefully. Unregulated brokers might offer lower fees and flexible trading options, but they lack investor protection, have a higher fraud risk, and no guarantee of withdrawals. Thoroughly research before deciding.
-
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.
- Demo account
- Tight spread ECN account
- Low minimum deposit
- No Cent account
- Micro lots are not available
TenkoFX account types vs top competitors TenkoFX Plus500 OANDA Standard YesYesYesECN/Raw spread YesNoYesDemo YesYesYesCent NoNoNoMicro NoNoYesSwap Free NoNoYesVIP NoNoNoManaged NoNoNoTenkoFX accounts trading conditions
The first step is to choose an account that’s best for you. If a trader focuses on currency pairs and is not interested in cryptocurrencies, it makes sense to select either an STP or ECN account. Crypto accounts are designed for those primarily working with digital assets. The difference between STP and ECN accounts, apart from the available instruments, lies in the trading fees. The first one only has spreads, while the second has raw spreads and commissions. Since the commission is average in the market and the broker's spreads are generally tight, both account types are economically equivalent. An important consideration is that leverage differs across account types. Therefore, traders should choose based on their preferred trading style, priority of instruments, and preferred strategies.
Account types:
Account Type Description STP Base currencies are USD, EUR, and RUB. Available assets are currency pairs and metals with a minimum deposit is $10 and the maximum leverage is 1:500. ECN Base currencies are USD, EUR, RUB, JPY, MBTC, LTC, and ETH; available assets are currency pairs, metals, and CFDs; the minimum deposit is $100, and the maximum is leverage 1:200. Crypto Base currencies are USD, EUR, RUB, MBTC, LTC, and ETH; available assets are cryptocurrencies and fiat pairs; minimum deposit is $10, and the maximum leverage is 1:3. The account choice does not determine the priority of technical support, execution speed, or the spread type because it is always floating, not fixed. In other words, the overall trading conditions are always equally advantageous.
-
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.
TenkoFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No withdrawal fee
- Low minimum withdrawal requirement
- Bank wire transfers available
- USDT (Tether) supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- PayPal not supported
- Wise not supported
What are TenkoFX deposit and withdrawal options?
TenkoFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, Skrill, Neteller, BTC, USDT, Ethereum.
TenkoFX Deposit and Withdrawal Methods vs Competitors TenkoFX Plus500 OANDA Bank Wire YesYesYesBank card YesYesYesPayPal NoYesYesWise NoNoNoBTC YesNoYesWhat are TenkoFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TenkoFX supports the following base account currencies: USD, EUR, GBP, JPY, Bitcoin, RUB, JPY, LTC, ETH.
What are TenkoFX's minimum deposit and withdrawal amounts?
The minimum deposit on TenkoFX is $10, while the minimum withdrawal amount is $10. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TenkoFX’s support team.
-
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.
- Crypto trading
- 70 supported currency pairs
- Copy trading platform
- Bonds not available
- No ETFs
Supported markets vs top competitors
We have compared the range of assets and markets supported by TenkoFX with its competitors, making it easier for you to find the perfect fit.
TenkoFX Plus500 OANDA Currency pairs 70 60 68 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 88 2800 129 Stocks YesYesYesCommodity futures YesYesYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesYesYesStock indices YesYesYesOptions NoYesNoInvestment options
We also explored the trading assets and products TenkoFX offers for beginner traders and investors who prefer not to engage in active trading.
-
Trading Account Opening
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 /10We 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. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Quick KYC verification (1 business day or less)
- Fully online account opening process
- Fast registration time (up to 15 minutes)
- Account setup process may feel less convenient for beginners
TenkoFX account opening TenkoFX Plus500 OANDA Online Registration YesYesYesMinimum deposit $10 $100 $0 Mandatory KYC YesYesYesRegistration time (min) 8 10 KYC time (days) 1 3 3 Is TenkoFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
To start collaborating with the broker, you need to create a user account on their official website. The account allows you to verify your account, open a real account, and make a deposit. Below, TU outlines the registration process step by step and discusses the features of the TenkoFX user account.
Go to the broker's website, select the language of the interface in the upper right corner, and click the "Registration" button. Alternatively, you can click on the "Real Account" or "Open Account" button.
Enter your email address. Create a password and enter it twice, or the system can generate one for you. Provide your phone number. Complete the anti-bot verification. Click the "Submit" button.
You are now registered in the eWallet system. Your login and unique number will appear on the screen. After that, you will be redirected to the user account. A message with a PIN code will be displayed on the screen. Keep this PIN code in a secure place as it will be required for confirming financial transactions.
Select the "Settings" section, then in the context menu, click on the "Account Verification" button. Follow the instructions on the screen. You will need to provide your name, surname, date of birth, and registration address with a postal code, and then upload photos/scans of documents confirming your identity. Wait for the verification process to be completed.
In the main section, select "Open Account", then in the context menu, choose the account type. Agree to the terms of service by checking the box. Specify the account currency and the desired leverage, and enter a referral code if you have one. After that, you will receive a download link for the trading platform and all the necessary login details. Deposit funds and start trading.
Your TenkoFX user account also provides access to:
- Add account. In this section, traders can open/close an STP, ECN, or Crypto account type.
- Add funds. This section provides options for making a deposit (contact support for alternative channels).
- Withdraw funds. In this block, you can submit a request to withdraw funds (alternative withdrawal channels are available through support).
- PAMM. Here, you can register as a manager or investor in the joint accounts system.
- Partnership. This block is dedicated to the partner program, where traders can view program conditions and information about their referrals.
- Settings. Here, you can adjust personal information and set security parameters.
-
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 /10Customer support at TenkoFX is available, but response speed and service quality may vary. Some requests are handled efficiently, while others may require follow-ups.
During testing, response times were moderate, and communication depended on the complexity of the request. TenkoFX provides basic support functionality but does not stand out in overall service performance.
InformationTechnical support is critically important for any broker because traders often encounter situations where they require expert assistance. If a user does not receive prompt and high-quality support, they may become disappointed with the platform and switch to a competitor. That's why TenkoFX has placed special emphasis on customer service since its inception. The expertise of the experts is highly valued by users, and they respond as quickly as practicable. There is a call center, email support, and ticketing system on the website. Support operates 24/5.
- Even a trader who is not yet a client of the broker can contact customer support.
- The call center provides the promptest responses, and email replies also come quite quickly.
- You can reach out to customer support 24/5.
- Customer service is not available on weekends.
If you intend to work with TenkoFX or are already a client of this broker, you can contact support using the following methods:
- call center;
- email;
- tickets.
The broker has official pages on Facebook, Twitter, and Vkontakte. You can contact support through these platforms. It is also recommended to subscribe to the company to not miss its important news.
Contacts Foundation date 2010 Registration address Tenko Systems Limited, Corner of Jews Street & Marion Avenue, Ramsbury Site, Charlestown, Nevis. Official site https://www.tenkofx.com/ Contacts support@tenkofx.com +44 190 421 1064
Best TenkoFX Alternatives
FAQs
How does TenkoFX address regulation and safety risks for traders?
TenkoFX has a safety score of 2.5/10 and is described as a low security level broker that is not regulated, which may increase risks related to investor protection and withdrawals. The broker does implement KYC verification but does not provide negative balance protection, and it is noted that regulated brokers with Tier-1 licenses and compensation schemes are generally considered safer.
What types of trading accounts are available at TenkoFX and how do they differ?
TenkoFX offers Demo, STP (Standard), ECN, and Crypto accounts, but does not provide Cent, Micro, Swap Free, VIP, or managed accounts. The STP account focuses on currency pairs and metals with a $10 minimum deposit and up to 1:500 leverage, while the ECN and Crypto accounts have different base currencies, instruments, minimum deposits, and leverage levels, and all accounts use floating spreads.
What do user reviews and feedback indicate about TenkoFX?
TenkoFX has a user satisfaction score of 2/10 based on 2 reviews, with 100% of ratings being 1-star and no higher-rated feedback. According to user reviews, the overall sentiment is mostly negative.
What do reviews and feedback say about TenkoFX deposit and withdrawal conditions?
TenkoFX has a medium safety score of 7.45/10 for its deposit and withdrawal processes and offers bank cards, bank wire, Skrill, Neteller, BTC, USDT, and Ethereum, with no deposit or withdrawal fees and a minimum deposit of $10. However, options such as PayPal and Wise are not supported, and the section notes that flexibility is limited, which may lead to higher overall costs depending on the method used.
How effective is TenkoFX customer support according to user comments?
TenkoFX customer support operates 24/5 via call center, email, ticket system, and social media, with response times described as moderate and varying by request complexity. Based on user feedback mentioned in the section, the expertise of support staff is appreciated, but the service does not particularly stand out and is not available on weekends.
Articles that may help you
-
#For Beginners
TenkoFX Available Countries – Full List (2026)
October 2026 Mikhail Vnuchkov -
#For Beginners
TenkoFX Withdrawal Fees, Time & Payment Methods (2026)
October 2026 Peter Emmanuel Chijioke -
#For Beginners
How Institutional Order Flow Works In Forex Trading
November 2026 Ashutosh Sureka -
#For Beginners
Why Is It Hard to Stop Trading After Losses? | TU Research
November 2026 Anastasiia Chabaniuk -
#For Beginners
Lowest Leverage In Forex: A Complete Guide
November 2026 Aleksandra Chaikina -
#For Beginners
November 2026 Aleksandra Chaikina
-
#For Beginners
Forex Leverage For Beginners: How It Works And What Level Is Safe
November 2026 Aleksandra Chaikina -
#For Beginners
What is a Timeframe in Trading?
November 2026 Aleksandra Chaikina -
#For Beginners
When Do Trading Apps Trigger a Trade? | TU Research
November 2026 Anastasiia Chabaniuk