TenkoFX
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 10
Features
- Seminars and trader training
- Daily market analysis
- Low minimum deposit
- PAMM investing service
- Islamic accounts
- ECN accounts
- Scalping allowed
- Spread rebate program
- Affiliate program
- Wide range of trading instruments
Pros
- No documented advantages.
Cons
- No documented drawbacks.
Updated:
TenkoFX is an offshore forex and CFD broker headquartered in Saint Kitts and Nevis, operating since 2012 without regulation from any government agency. It runs on MetaTrader 4 with leverage up to 1:500 on major forex pairs, plus more than 50 currency pairs, 30+ cryptocurrency CFDs, indices, metals, and energy commodities. Accounts start at $10, and the broker adds a PAMM service, Islamic accounts, and trading contests on top of its core STP and ECN offerings.
TenkoFX combines seminars, daily analysis, and a low $10 minimum deposit with PAMM investing, Islamic and ECN accounts, scalping, spread rebates, and an affiliate program across a wide range of instruments.
Overview
TenkoFX is a forex and CFD broker that has operated since 2012 from Saint Kitts and Nevis, a Caribbean offshore jurisdiction. It is not regulated by any government agency, a factor to weigh before depositing significant capital.
Leverage
Leverage runs up to 1:500 on major forex pairs such as EUR/USD. Cryptocurrency CFDs are capped at 1:3, in line with typical industry limits for that asset class.
Trading Instruments
TenkoFX lists more than 50 currency pairs, over 30 cryptocurrency CFDs, several major stock indices, precious metals, and energy commodities such as oil and natural gas. It does not offer stock CFDs.
Trading Platform
The broker runs exclusively on MetaTrader 4 (MT4), which remains popular for its support of custom indicators and Expert Advisors despite dating back to 2005.
Account Types and PAMM
TenkoFX offers three account types:
- STP: floating spreads with no commission.
- ECN: narrower spreads with a $4 per lot commission.
- Crypto: a 0.5% commission with 1:3 leverage.
Its PAMM (Percentage Allocation Management Module) service lets money managers with at least six months of trading history on myfxbook.com and a maximum drawdown under 30% accept investments of $500 to $1,500 per investor.
Deposits and Withdrawals
Funding options include bank transfer, Visa, MasterCard, China UnionPay, and e-wallets such as FasaPay, AdvCash, Perfect Money, and QIWI. TenkoFX also accepts cryptocurrency deposits in BTC, ETH, LTC, BCH, and USDT. The minimum deposit is $10, and an inactivity fee applies.
Additional Features
- Regular trading contests with cash prizes.
- A loyalty program offering spread rebates for newer traders.
- Discounted commissions when topping up an ECN account with $1,000 or more.
TenkoFX at a Glance
| Broker Name | TenkoFX |
|---|---|
| Year of Foundation | 2012 |
| Headquarters | Saint Kitts and Nevis |
| Regulation | Unregulated |
| Trading Platform | MT4 |
| EUR/USD Spread | 0.9 pips |
| Demo Account | Available |
| Minimum Deposit | $10 |
| Inactivity Fee | Applies |
| Base Currencies | USD, EUR, RUB, JPY, BTC, LTC, ETH |
| Maximum Leverage | 1:500 |
| Assets | Currency pairs, indices, metals, cryptocurrencies |
| Deposit Methods | Bank transfer, Visa/MasterCard, FasaPay, AdvCash, Perfect Money, QIWI, BTC |
| Islamic Accounts | Available |
| PAMM Accounts | Available |
| Partner Account | Available |
| Scalping | Permitted |
| Automatic Trading | Supported |
| Mobile Trading | Yes |
| Web Terminal | Yes |
| Contests | Offered |
| Customer Support | 24/5 |
Bottom Line
TenkoFX packages features more commonly seen at larger regulated brokers — high leverage, a broad cryptocurrency CFD lineup, PAMM investing, and crypto funding — into an unregulated, offshore setup. That combination can suit traders comfortable with the regulatory trade-off, but it warrants extra caution before committing significant funds.
