According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $100
- MetaTrader4
- MetaTrader5
- FSA
- 2019
Our Evaluation of TNFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TNFX is a moderate-risk broker with the TU Overall Score of 6.88 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TNFX clients on our website, Traders Union expert Anton Kharitonov recommends users to thoroughly analyze pros and cons before opening an account with this broker as not all clients are satisfied with the company, according to reviews.
TNFX is a broker for active trading and passive investing with low fees, popular trading platforms and a wide choice of Forex instruments.
Brief Look at TNFX
TNFX is a brokerage company with offices in the Middle East countries, St. Vincent and the Grenadines and Seychelles, providing services all across the world. Established in 2019, the broker provides access to trading currencies, stock indices, stocks and commodities as CFDs, including with leverage. The operation of TNFX is regulated by several financial commissions. Large banks and professional market players provide liquidity. At Forex Expo Dubai 2022, TNFX was recognized as the Best ECN Broker in the Middle East.
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- Narrow spreads on all account types;
- Trading on MetaTrader trading platforms;
- High leverage for major currency pairs;
- Cent and demo accounts;
- Passive income options;
- Wide selection of currency pairs;
- Negative balance protection.
- Minimum initial deposit is $100, and the following deposits may start from $10;
TU Expert Advice
Author, Financial Expert at Traders Union
TNFX provides a range of services including Forex and CFD trading with popular MetaTrader 4 and 5 platforms. The broker features multiple account types, supporting diverse trader needs with low fees, high leverage up to 1:400, and tight spreads starting from 0 pips. Traders benefit from AutoChartist and Trading Central for enhanced market analysis. The absence of deposit and withdrawal fees further enhances TNFX's appeal.
However, TNFX's disadvantages include a minimum initial deposit of $100, which may not appeal to beginners or those looking to start with a smaller capital. With limited regulatory oversight from FSA of Seychelles and St. Vincent and the Grenadines, traders should consider their risk tolerance. TNFX may suit more experienced traders looking for a broad array of Forex pairs, but could be less appealing for those prioritizing extensive asset variety or stringent regulatory protection.
- You are seeking tight spreads with zero or low fees. TNFX's most advantageous accounts are VIP and Zero, with spreads starting from 0.4 and 0 pips, respectively. VIP accounts have no trading fees, while a $5 fee (an average market rate) is charged on Zero accounts.
- You prefer not to use other online resources for market analysis. The broker's website features an economic calendar, calculators, news feeds, and current analytics. Most importantly, TNFX provides access to Trading Central and Autochartist, which are top-tier analytical solutions.
- You plan to start with a small deposit. Opening standard TNFX accounts will require a deposit of at least $100, while the most favorable accounts require a minimum deposit of $1,000.
TNFX Trading Conditions
Your capital is at risk. CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A high percentage of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
💻 Trading platform: | MetaTrader 4, MetaTrader 5 |
---|---|
📊 Accounts: | Demo, Cent, Standard, Fix, Zero, VIP, PAMM, Islamic (Swap Free) |
💰 Account currency: | USD |
💵 Deposit / Withdrawal: | Visa, Mastercard, Bank Wire, Perfect Money, Zain Cash, AsiaHawala, Al Taif, USDT |
🚀 Minimum deposit: | $ 100 |
⚖️ Leverage: | Up to 1:400 |
💼 PAMM-accounts: | Yes |
📈️ Min Order: | 0.01 |
💱 EUR/USD spread: | 0,1 pips |
🔧 Instruments: | Currency Pairs, Options, CFDs, Crypto |
💹 Margin Call / Stop Out: | 100%/20% |
🏛 Liquidity provider: | Large banks and Forex market participants of all levels |
📱 Mobile trading: | Yes |
➕ Affiliate program: | Yes |
📋 Order execution: | Direct Market Execution |
⭐ Trading features: | Automated trading by signals and with EAs is allowed; Ultra-fast order execution; Free analytics. |
🎁 Contests and bonuses: | Yes |
TNFX clients can trade by using their own funds and high leverage. The broker offers accounts with different types of fees, the amount of which also varies depending on the class of assets and trader’s deposit. The money is credited to the account balance within 24 hours, with some payment systems (for example, Perfect Money) supporting instant deposits. TNFX does not charge deposit and withdrawal fees.
TNFX Key Parameters Evaluation
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Trading Account Opening
To create a user profile on the TNFX website, you need to take the following steps:
Click Open Live Account on the homepage.


In the registration form that opens, choose an Individual account, specify your first name, last name, email, and phone. You also need to come up with a password, agree to Terms and Conditions and enter CAPTCHA.


Next, confirm your phone number. For this, you need to enter the OTP code sent to the specified phone number.


Email verification is the last step. There are two ways to do it: enter the OTP code or click on the link in the email message from the broker. After this, you can access your user account. For this, you need to enter your email and password in the authorization window.


To start trading with TNFX, you need to take the following steps in your user account:




User account features:
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Financial transactions: making a deposit, requesting withdrawal, transferring funds from one account to another (within your user account);
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Information on all competed transactions;
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PAMM Investments tab for choosing the manager and monitoring profitability of his/her trading;
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Economic calendar with fundamental data, daily Trading Central analysis, access to AutoChartist;
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Registering a ticket for request for customer support;
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The button for paying VPS server fee.
Regulation and safety
TNFX has a safety score of 4.4/10, 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.
- Is regulated
- Negative balance protection
- Not tier-1 regulated
- Track record of less than 8 years
TNFX Regulators and Investor Protection
Abbreviation | Full Name | Country of regulation | Investor Protection Fund | Regulation Level |
---|---|---|---|---|
|
Financial Services Authority of Seychelles | Seychelles | No specific fund | Tier-3 |
|
Financial Services Authority of St. Vincent and the Grenadines | St. Vincent and the Grenadines | No specific fund | Tier-3 |
TNFX Security Factors
Foundation date | 2019 |
Negative balance protection | Yes |
Verification (KYC) | Yes |
Commissions and fees
The trading and non-trading commissions of broker TNFX have been analyzed and rated as Low with a fees score of 10/10. Additionally, these commissions were compared with those of the top two competitors, Pepperstone and OANDA, 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 TNFX 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, TNFX’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.
TNFX Standard spreads
TNFX | Pepperstone | OANDA | |
EUR/USD min, pips | 0,2 | 0,5 | 0,1 |
EUR/USD max, pips | 1,3 | 1,5 | 0,5 |
GPB/USD min, pips | 0,7 | 0,4 | 0,1 |
GPB/USD max, pips | 2,2 | 1,4 | 0,5 |
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.
TNFX RAW/ECN spreads
TNFX | Pepperstone | OANDA | |
Commission ($ per lot) | 2,5 | 3 | 3,5 |
EUR/USD avg spread | 0,1 | 0,1 | 0,15 |
GBP/USD avg spread | 0,2 | 0,15 | 0,2 |
Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TNFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TNFX Non-Trading Fees
TNFX | Pepperstone | OANDA | |
Deposit fee, % | 0 | 0 | 0 |
Withdrawal fee, % | 0 | 0 | 0 |
Withdrawal fee, USD | 0 | 0 | 0-15 |
Inactivity fee ($, per month) | 0 | 0 | 0 |
Account types
TNFX offers 6 types of accounts, which can be opened on the MT4 or MT5 trading platform. The maximum leverage on VIP accounts with lowest fees and largest deposit is 1:100. On all other accounts, leverage is up to 1:400.
Account types:
Before opening a trading account, broker’s clients can test trading conditions using a demo account. It can be created on MT4 or MT5 trading platforms.
TNFX is an ECN broker with conditions suitable for traders of any religion, trading experience and available money for trading.
Deposit and withdrawal
TNFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TNFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- No deposit fee
- BTC available as a base account currency
- USDT (Tether) supported
- Minimum deposit below industry average
- Wise not supported
- Limited deposit and withdrawal flexibility, leading to higher costs
- Only major base currencies available
What are TNFX deposit and withdrawal options?
TNFX 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, Neteller, BTC, USDT.
TNFX Deposit and Withdrawal Methods vs Competitors
TNFX | Plus500 | Pepperstone | |
Bank Wire | Yes | Yes | Yes |
Bank card | Yes | Yes | Yes |
PayPal | No | Yes | Yes |
Wise | No | No | No |
BTC | Yes | No | No |
What are TNFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs for clients worldwide. TNFX supports the following base account currencies:
What are TNFX's minimum deposit and withdrawal amounts?
The minimum deposit on TNFX is $100, while the minimum withdrawal amount is $50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TNFX’s support team.
Markets and tradable assets
TNFX offers a limited selection of trading assets compared to the market average. The platform supports 158 assets in total, including 30 Forex pairs.
- Crypto trading
- Multiple markets
- Limited asset selection
- Indices not available
Supported markets vs top competitors
We have compared the range of assets and markets supported by TNFX with its competitors, making it easier for you to find the perfect fit.
TNFX | Plus500 | Pepperstone | |
Currency pairs | 30 | 60 | 90 |
Total tradable assets | 158 | 2800 | 1200 |
Stocks | Yes | Yes | Yes |
Commodity futures | Yes | Yes | Yes |
Crypto | Yes | Yes | Yes |
Stock indices | No | Yes | Yes |
Options | No | Yes | No |
Investment options
We also explored the trading assets and products TNFX offers for beginner traders and investors who prefer not to engage in active trading.
TNFX | Plus500 | Pepperstone | |
Bonds | No | No | No |
ETFs | No | Yes | Yes |
Copy trading | No | No | Yes |
PAMM investing | Yes | No | Yes |
Managed accounts | No | No | No |
Trading platforms & tools
TNFX received a score of 7.25/10, reflecting an average offering in terms of trading platforms and tools. The broker covers essential functionality but may fall short in some advanced features or platform diversity compared to leading competitors.
- One-click trading
- Free VPS for uninterrupted trading
- Trading bots (EAs) allowed
- MetaTrader is available
- No TradingView integration
- No access to cTrader and its advanced tools.
- No access to a proprietary platform
Supported trading platforms
TNFX supports the following trading platforms: MT4, MT5. This selection covers the basic needs of most retail traders. We also compared TNFX’s platform availability with that of top competitors to assess its relative market position.
TNFX | Plus500 | Pepperstone | |
MT4 | Yes | No | Yes |
MT5 | Yes | No | Yes |
cTrader | No | No | Yes |
TradingView | No | Yes | Yes |
Proprietary platform | No | Yes | Yes |
NinjaTrader | No | No | No |
WebTrader | No | Yes | Yes |
Key TNFX’s trading platform features
We also evaluated whether TNFX offers essential trading features that enhance user experience, accommodate various trading styles, and improve overall functionality.
Supported features
2FA | Yes |
Alerts | Yes |
Trading bots (EAs) | Yes |
One-click trading | Yes |
Scalping | Yes |
Supported indicators | 68 |
Tradable assets | 158 |
Additional trading tools
TNFX offers several additional features designed to enhance the trading experience. These tools provide greater automation, deliver advanced market insights, and help improve trade execution.
TNFX trading tools vs competitors
TNFX | Plus500 | Pepperstone | |
Trading Central | No | No | No |
API | No | No | Yes |
Free VPS | Yes | No | Yes |
Strategy (EA) builder | No | No | Yes |
Autochartist | No | No | Yes |
Mobile apps
TNFX supports mobile trading, offering dedicated apps for both iOS and Android. TNFX received 2/10 in this section, which suggests limited user interest or weak performance of the apps.
- Android and iOS apps
- Low app installs across iOS and Android
We compared TNFX with two top competitors by mobile downloads, app ratings, 2FA support, indicators, and trading alerts.
TNFX | Plus500 | Pepperstone | |
Total downloads | No data | 10,000,000 | 100,000 |
App Store score | No data | 4.7 | 4.0 |
Google Play score | No data | 4.4 | 4.0 |
Mob. 2FA | No | Yes | Yes |
Mob. Indicators | No | Yes | Yes |
Mob. Alerts | No | Yes | Yes |
Education
Education on the TNFX website is not systematized. Some materials for beginners are featured in the Articles section, and some – in the Get Started section. The website also features a library with videos, but some of them are not available, while others are not translated into English, and are only available in Arabic.
Iraq residents can participate in seminars in different cities of the country. TNFX does not hold webinars.
Customer support
You can contact customer support via email on any day at any time, but the operators of the broker’s customer support respond only during their working hours: from Monday to Friday.
Advantages
- Toll-free phone numbers are available
- Chat operators respond in Arabic and English
- Support on weekdays, during working hours
Disadvantages
- The company does not communicate with traders on social media
There are several ways to contact customer support:
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Live Chat;
-
Phone call;
-
request via email.
Traders who open an account with the broker can access tickets in their user profile.
Contacts
Foundation date | 2019 |
---|---|
Registration address | The Bay Gate 2201, Business Bay, Dubai |
Regulation | FSA |
Official site | https://tnfx.co/ |
Contacts |
04 582 3376
|
Comparison of TNFX with other Brokers
TNFX | Eightcap | XM Group | RoboForex | Pocket Option | 4XC | |
Trading platform |
MetaTrader4, MetaTrader5 | MT4, MT5, TradingView | MT4, MT5, MobileTrading, XM App | MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader | Pocket Option, MT5, MT4 | MT5, MT4, WebTrader |
Min deposit | $100 | $100 | $5 | $10 | $5 | $50 |
Leverage |
From 1:1 to 1:400 |
From 1:30 to 1:500 |
From 1:1 to 1:30 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:500 |
Trust management | No | No | No | No | No | Yes |
Accrual of % on the balance | No | No | No | 10.00% | No | No |
Spread | From 0 points | From 0 points | From 0.8 points | From 0 points | From 1.2 point | From 0 points |
Level of margin call / stop out |
100% / 20% | 80% / 50% | 100% / 50% | 60% / 40% | 30% / 50% | 100% / 50% |
Order Execution | Market Execution | Market Execution | Market Execution | Market Execution, Instant Execution | Market Execution | Market Execution |
No deposit bonus | No | No | No | No | No | $50 |
Cent accounts | Yes | No | No | Yes | No | No |
Detailed review of the broker
TNFX headquarters are located in Baghdad, but the broker has offices in other cities in Iraq, as well as in the UAE, Turkey, St. Vincent and the Grenadines and Seychelles. TNFX is an ECN broker that supports direct order processing by liquidity providers based on the STP model. This guarantees ultra-fast execution at best prices. TNFX offers different account types suitable for all strategies and trading styles, including Swap-Free Islamic accounts.
TNFX by numbers:
-
more than 3 years of operation in the securities and Forex markets;
-
representative offices in 5 countries;
-
over 100,000 followers on Instagram, and 320,000 followers on Facebook;
-
leverage up to 1:400 and 6 trading account types.
TNFX is a broker for trading currency pairs and CFDs with leverage
TNFX provides access to the Forex market, including major and minor global currencies. The broker’s clients can trade 350 financial instruments, including 50 currency pairs, popular indices, stocks, commodities and metals as CFDs. Also trading pairs with cryptocurrencies are available, but their choice is limited by BTCUSD, ETHUSD and LTCUSD. TNFX provides dynamic leverage up to 1:400 and up to 1:100 for experienced market participants with large deposits.
The TNFX brokerage company offers MetaTrader trading platforms, including mobile (for Android and iOS) and desktop (for Windows) versions of MT4 and MT5. Clients can also trade on the Web Terminal, which does not require installation.
Useful services by TNFX:
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Economic calendar. It is an instrument of fundamental analysis that helps monitor important events and financial indicators of companies;
-
AutoChartist. It is a fully customizable and simple-to-use instrument of technical analysis that helps discover trading opportunities in different markets;
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Trading Central data. Daily technical analysis on Forex, cryptocurrencies, indices, commodities and metals. Trading Central charts are compatible with MT4 and MT5 trading platforms.
-
VPS for MetaTrader 4/5. It is a virtual server for 24h operation of automated EAs. The monthly fee depends on available options: $20.99, $29.99, $49.99.
Advantages:
The broker provides free analytics and other instruments to improve trading results.
You can trade from any device (smartphone, tablet, laptop) by using mobile apps, desktop version or the Web Terminal.
Support of different deposit and withdrawal methods, no deposit/withdrawal fee charged by TNFX.
Potential clients can open demo accounts on MT4 and MT5 trading platforms.
Ultra-fast order execution thanks to direct order processing by STP.
Easy account opening and quick identity document verification.
TNFX has developed a convenient user account with the interface that allows users to perform payments, manage funds, view trading statistics and latest analytics.
Latest TNFX News
Articles that may help you
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