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.
TNFX Pros & Cons
- 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;
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.
TU Expert Verdict
TNFX is a reliable and well-established choice. I’ve reviewed its features, tested its services, and found that traders generally report positive results. It offers stable performance, dependable execution, and overall solid quality for everyday trading.
Top-5 Brokers Traders Prefer
TNFX User Reviews
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5-star
7%
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4-star
52%
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3-star
22%
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2-star
7%
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1-star
11%
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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 TNFX 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 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 OANDA FOREX.com EUR/USD min, pips 0.2 0.1 0.7 EUR/USD max, pips 1.3 0.5 1.2 GPB/USD min, pips 0.7 0.1 0.9 GPB/USD max, pips 2.2 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.
TNFX RAW/ECN spreads TNFX 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). 2.5 3.5 5 EUR/USD avg spread 0.1 0.15 0.2 GBP/USD avg spread 0.2 0.2 0.4 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 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 TNFX 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 criteria4.4 /10TNFX 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 FSA (Seychelles)
Full Name Financial Services Authority of Seychelles Country of regulation Seychelles Investor Protection Fund No specific fund Regulation Level Tier-3 SVG FSA
Full Name Financial Services Authority of St. Vincent and the Grenadines Country of regulation St. Vincent and the Grenadines Investor Protection Fund No specific fund Regulation Level Tier-3 TNFX Security Factors Foundation date 2019 Negative balance protection YesVerification (KYC) Yes -
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.7.8 /10TNFX offers the following account options: Demo, Standard, ECN/Raw spread, Cent, Micro, Swap Free, VIP.
TNFX covers the core account types, making it convenient for traders with different preferences and strategies.
- Swap Free (Islamic) account
- Low minimum deposit
- Forex account with Micro lots
- Complex account structure
TNFX account types vs top competitors TNFX Plus500 Trading.com Standard YesYesYesECN/Raw spread YesNoNoDemo YesYesYesCent YesNoNoMicro YesNoNoSwap Free YesNoNoVIP YesNoNoManaged NoNoNoTNFX accounts trading conditions
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:
Account Type Description Cent is a cent account with the minimum deposit of $100; Standard is a standard account with floating spreads and zero commission per lot. Minimum deposit is $300; Fix is an account with zero commission per lot and fixed spreads. To start trading, you need to deposit a minimum of $500; Zero is an account for experienced traders with floating near-zero spreads. Commission per lot is $5. Minimum deposit is $500; VIP is an account for professional trading with zero commission per lot and very narrow spreads. In order to trade on the best conditions, you need to deposit a minimum of $100,000; Swap Free is an account for Islamic traders. The broker offers swap-free versions of all of the above accounts. Spreads and deposit amount on Swap Free is the same as on the corresponding account, but traders also pay a small fee per trade. 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.
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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 methodology5.5 /10TNFX 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.
- Bank wire transfers available
- Bank card deposits and withdrawals
- Bitcoin (BTC) accepted
- No deposit fee
- BTC not available as a base account currency
- Limited deposit and withdrawal flexibility, leading to higher costs
- Wise not supported
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 Trading.com Bank Wire YesYesYesBank card YesYesYesPayPal NoYesNoWise NoNoNoBTC YesNoNoWhat are TNFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TNFX supports the following base account currencies: USD.
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.
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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 criteria3.3 /10TNFX 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
- Futures not available
- 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 Trading.com Currency pairs 30 60 69 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. 158 2800 69 Stocks YesYesNoCommodity futures YesYesNoCrypto 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. YesYesNoStock indices NoYesNoOptions NoYesNoInvestment 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 Trading.com Bonds NoNoNoETFs NoYesNoCopy trading NoNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at TNFX 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 TNFX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at TNFX is $100. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Fully online account opening process
- Account setup process may feel less convenient for beginners
TNFX account opening TNFX Plus500 Trading.com Online Registration YesYesYesMinimum deposit $100 $100 $50 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 3 2 Is TNFX 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 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:
- Open a trading account. You need to select the trading platform, account type and leverage.
- Make a deposit. Before this, you need to pass verification by providing scanned copies of your identity documents.
User account features:
- Financial transactions: making a deposit, requesting withdrawal, transferring funds from one account to another (within your user account);
- Information on all competed transactions;
- PAMM Investments tab for choosing the manager and monitoring profitability of his/her trading;
- Economic calendar with fundamental data, daily Trading Central analysis, access to AutoChartist;
- Registering a ticket for request for customer support;
- The button for paying VPS server fee.
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Trading platforms & tools
Score:This section evaluates the quality and variety of trading platforms offered by the broker. It considers supported platforms, core features, device compatibility, and the availability of tools for automation, analysis, and different trading styles. Learn the assessment criteria7.3 /10TNFX received a score of 7.3/10, 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.
- Trading bots (EAs) allowed
- Free VPS for uninterrupted trading
- MetaTrader is available
- One-click trading
- No access to cTrader and its advanced tools.
- No access to API
- Strategy (EA) Builder is not available
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 Trading.com MT4 YesNoNoMT5 YesNoYescTrader NoNoNoTradingView NoYesYesProprietary platform NoYesYesNinjaTrader NoNoNoWebTrader NoYesYesKey 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 YesAlerts YesTrading bots (EAs) YesOne-click trading YesScalping YesSupported 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 Trading.com Trading Central Trading Central is a leading provider of investment research and financial market commentary. Integration with Trading Central offers traders advanced analytics, trading signals, and expert market insights, aiding in more informed decision-making. NoNoYesAPI NoNoNoFree VPS YesNoNoStrategy (EA) builder A Strategy or EA builder is a tool that allows traders to create and test their own automated trading strategies without requiring programming skills. NoNoNoAutochartist Autochartist is a market scanning tool that identifies trading opportunities by analyzing chart patterns and key price levels. NoNoNo -
Mobile Apps
Score:This section assesses the quality and functionality of the broker’s mobile trading apps. It takes into account app ratings, number of downloads, platform features such as two-factor authentication (2FA), mobile alerts, and technical indicators, ensuring traders can manage positions and monitor markets effectively from their smartphones. Learn the assessment criteria2 /10TNFX 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 Trading.com Total downloads The parameter reflects the combined number of installations from both the Apple App Store and Google Play. It serves as an approximate indicator of the broker’s mobile trading app popularity and user adoption across platforms. 0,00 10,000,000 50,000 App Store score App store scores reflect the average user ratings of the broker’s mobile applications on the Apple App Store and Google Play. These ratings indicate user satisfaction based on criteria such as usability, stability, performance, and overall experience. 0 4.7 4.8 Google Play score 0 4.4 4.7 Mob. 2FA NoYesYesMob. Indicators NoYesYesMob. Alerts NoYesYes -
Customer Support
Score:We evaluated Customer Support at TNFX 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 criteria4.8 /10The broker’s customer support shows noticeable weaknesses in responsiveness or communication quality. Delays in replies are common, and resolution may require repeated contact.
In TU testing, response speed was below expectations, and assistance was limited in depth. Traders who rely heavily on support may experience inconvenience.
InformationYou 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.
- Toll-free phone numbers are available
- Chat operators respond in Arabic and English
- Support on weekdays, during working hours
- The company does not communicate with traders on social media
There are several ways to contact customer support:
- 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 support@tnfx.co 04 582 3376
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FAQs
How are commissions and trading fees structured at TNFX?
TNFX is assessed as having low overall fees, with no deposit, withdrawal, or inactivity charges and a fees score of 10/10 in this review. On Standard accounts, costs are included in floating spreads (for example, EUR/USD typically ranges from 0.2 to 1.3 pips), while RAW/ECN accounts combine tight average spreads (around 0.1 pips on EUR/USD) with a $2.5 commission per lot.
What account types and trading conditions does TNFX offer?
TNFX provides several account types, including Cent, Standard, Fix, Zero, VIP, and Swap Free options, all available on MT4 or MT5, plus demo accounts for testing conditions. Minimum deposits range from $100 on Cent accounts to $100,000 on VIP accounts, with leverage up to 1:400 on most accounts and up to 1:100 on VIP accounts, and Swap Free versions apply similar spreads and deposits but add a small fee per trade.
What do user reviews say about TNFX overall?
User satisfaction with TNFX is mixed, with an overall score of 6.7/10 from 27 reviews and a distribution that includes both positive and negative ratings. Based on available user reviews, 52% are 4-star, while there are also notable proportions of 3-star, 2-star, and 1-star evaluations.
What feedback is available on TNFX deposit and withdrawal conditions?
The review rates TNFX’s deposit and withdrawal processes with a medium safety score of 5.5/10, noting a reasonable range of methods such as bank cards, bank wire, Neteller, BTC, and USDT. The minimum deposit is stated as $100 and the minimum withdrawal as $50, while the broker supports USD as the base account currency and highlights a low minimum withdrawal and below-average minimum deposit, alongside some limitations in flexibility.
How does TNFX handle customer support and communication?
TNFX’s customer support is rated with a safety score of 4.8/10, with the review noting slower response times and limited depth of assistance that may require repeated contact. Support is available via live chat, phone, email, and ticket system, with operators responding in Arabic and English during weekday working hours, while email can be sent at any time.
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