TNFX

*Note: The information in this table is based on the available data at the time of writing and may be subject to change.

Overview of TNFX

TNFX is a forex broker that is registered in Saint Vincent and the Grenadines. The broker offers online forex trading services to traders worldwide, with a focus on retail traders. TNFX Ltd claims to provide traders with a fair and transparent trading environment, where they can trade a wide range of forex pairs, commodities, indices, and CFDs on stocks. The broker claims to provide fast execution speeds, low spreads, and no hidden fees or commissions. TNFX Ltd also provides clients with access to advanced trading platforms, such as MetaTrader 4, which is a popular trading platform among traders.

TNF's customer support, which is available 24/5 through multiple channels of communication, including email, live chat, and phone support, to ensure that clients can get help with any issues they may encounter while trading.

Is TNFX legit or a scam？

TNFX is the trade name of TNFX Ltd., a company registered in Saint Vincent and the Grenadines. TNFX Ltd is not regulated by any major financial regulatory authority, which may be a concern for some traders. This lack of regulation may also limit the protection available to clients in the event of any disputes or issues with the broker.

Pros and Cons

TNFX offers a variety of benefits to traders, including a wide range of trading instruments, competitive spreads, and the option to use both the MetaTrader 4 and 5 platforms. The broker also provides a variety of account types to suit different trading styles, and offers Islamic accounts for traders who follow Sharia law. On the downside, TNFX is not regulated by any major financial authorities, and its website lacks transparency regarding important information such as trading fees and deposit/withdrawal methods.

Market Intruments

TNFX offers its clients a diverse range of trading instruments across multiple asset classes, including forex currency pairs, indices, commodities, and cryptocurrencies. With over 50 currency pairs, traders have the opportunity to trade the world's most liquid markets. They can also access popular indices such as the S&P 500, NASDAQ, and DAX. Additionally, traders can participate in the commodity markets through gold, silver, and oil trading. For those interested in the cryptocurrency markets, TNFX offers trading in Bitcoin, Ethereum, Litecoin, and Ripple. This wide range of tradable assets allows traders to diversify their portfolios and potentially take advantage of various market opportunities.

Account Types

TNFX offers a diverse range of live trading accounts to cater to the needs of traders of different levels and preferences.

The Cent account is an excellent option for beginner traders with a minimum deposit of $100. It provides access to all tradable assets and allows trading in micro-lots, which makes it ideal for testing out trading strategies without risking significant amounts of capital.

The Standard account is designed for experienced traders, although information about its minimum deposit requirement is not readily available. It provides access to all trading instruments, and traders can use all available trading tools and features to enhance their trading experience. The Standard Account contains a 20% deposit bonus, and also a $100 birthday bonus.

The Fix account is suited for traders who prefer fixed spreads, which start with 1.0 pips. The account requires a minimum deposit of $1000 and provides access to all trading instruments available on the platform.

For traders looking for lower spreads, the Zero account is a suitable option, starting from 0.0 pips, with a minimum deposit requirement of $1000. The account provides access to all trading instruments available on the platform and is ideal for scalping and high-frequency trading.

Lastly, the VIP account is available for high-net-worth individuals and institutional traders, although information about its minimum deposit requirement of $100,000. It provides access to all trading instruments, and traders can use all available trading tools and features to enhance their trading experience.

While TNFX offers a good range of account types to choose from, it should be noted that the information about the Standard accounts' minimum deposit requirements is not readily available, which could be a drawback for traders seeking transparency. Additionally, the minimum deposit requirements for the Fix and Zero accounts are relatively high compared to other brokers in the industry, which could limit accessibility for some traders. Nonetheless, the Cent account is an excellent option for beginner traders, and the range of trading instruments available across all account types is a definite advantage.

Demo Accounts

TNFX offers demo accounts for traders who want to test their trading strategies and become familiar with the platform before investing real money. The demo account is an excellent tool for new traders as it enables them to practice trading and learn about the forex market without risking any real money.

TNFX's demo account is available for an unlimited period, allowing traders to practice and refine their trading strategies until they are comfortable enough to trade with a live account.

How to open an account？

1. Opening an account with TNFX is a straightforward and hassle-free process. To begin with, you need to visit their website and click on the “Open Live Account” button, which will redirect you to the account opening page.

1. Once there, you'll be required to fill out a registration form with your personal information, including your name, email, and phone number. After providing your personal information, you will have to select your preferred account type and currency denomination. TNFX offers five live trading accounts, including Cent, Standard, Fix, Zero, and VIP accounts, each with different features and minimum deposit requirements.

1. Once you have selected your account type and currency denomination, you will be prompted to provide additional personal information and complete a questionnaire to assess your trading experience and investment goals. This step is essential to ensure that TNFX can provide you with the best possible trading experience based on your preferences and goals.

2. Finally, you will need to verify your account by uploading your identification documents, such as your passport or driver's license, and proof of address, such as a utility bill or bank statement. TNFX has a simple and efficient verification process, which typically takes no more than 24 hours.

Leverage

TNFX offers a maximum trading leverage of up to 1:400 for their Cent, Standard, Fix, and Zero trading accounts, providing traders with ample opportunities to magnify their potential profits. The VIP account, on the other hand, offers a maximum trading leverage of up to 1:100. It's important to note that while high leverage can increase the potential for profits, it can also amplify the risks involved in trading. Therefore, it's essential to use leverage responsibly and have a solid risk management plan in place to avoid significant losses. TNFX's flexible leverage options provide traders with the freedom to customize their trading strategies according to their risk tolerance and investment goals.

Spreads & Commissions (Trading Fees)

Spreads and commissions with TNFX are scaled with the accounts offered:

• For TNFX Standard and Cent accounts, spreads start at 1.0 pips, and there are no commissions.

• For TNFX Fixed accounts, spreads are fixed for forex and metals.

•For Zero accounts, spreads start at 0.0 pips on EURUSD, and the commission is $5 per lot.

• For VIP accounts, spreads start at 0.4 pips on EURUSD, and there are no commissions.

Here's a comparison table of TNFX, Exness, FXTM, and FP Markets' spreads on EUR/USD, Oil, and Gold:

Please note that spreads can vary based on market conditions and account types. It's important to always check with the broker for the most up-to-date information on spreads and commissions.

Non-Trading Fees

TNFX doesn't charge any deposit fees on any payment methods, however, there might be some withdrawal fees depending on the payment method used. For example, if you withdraw via bank wire transfer, there will be a fee of $25. Moreover, if you don't trade for more than 90 days, TNFX will charge an inactivity fee of $30 per month until you reactivate your account. Additionally, if you have an Islamic account and you want to keep it open overnight, TNFX will charge a swap fee, which is essentially an interest rate charged for holding positions overnight. Finally, if you use a payment method that's not in the same currency as your trading account, there may be some currency conversion fees involved.

Trading Platform

Thank you for the clarification. TNFX offers both the MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms, which are popular and widely used in the industry. Both platforms are available for download on Windows, Mac, and mobile devices. MT4 is known for its user-friendly interface, extensive charting capabilities, and the availability of automated trading using Expert Advisors (EAs). MT5, on the other hand, has more advanced features such as additional technical indicators, a built-in economic calendar, and the ability to trade multiple asset classes on a single platform. Traders can choose the platform that suits their preferences and trading style.

Deposit & Withdrawal

TNFX offers various deposit and withdrawal methods to its clients, including bank wire transfer, credit/debit cards, and Zain Cash, Al-Tai, Perfect Money. The minimum deposit amount is $100 for the Cent, Fix, and Zero accounts, and $1,000 for the VIP account. Deposits are typically processed instantly or within 24 hours, depending on the chosen method.

For withdrawals, clients can use the same methods as for deposits, and the processing time may vary from one method to another. Bank wire withdrawals may take 3-5 business days to process, while online payment processors are usually processed within 24 hours. The minimum withdrawal amount is $50, and there are no withdrawal fees charged by TNFX. However, clients may incur fees from the payment processors or banks they use for the transactions.

The deposit and withdrawal methods available at TNFX are as follows:

• Zain Cash, within 1 working hour.

• Asia Hawala, within 1 minute.

• Perfect Money, within 1 minute.

• Credit Cards, within 1 minute.

• Local depositor, within 1 working hour.

• Office transfers, within 24 working hours.

• The minimum initial deposit requirement is $100.

• Note that all withdrawals and deposits are made in US dollars.

Customer Support

TNFX provides customer support through various channels, including email, phone, and live chat. The customer support team is available 24/5 to assist clients with their queries and concerns. The broker also offers a comprehensive FAQ section on its website, which provides answers to commonly asked questions. Additionally, clients can submit a support ticket through the broker's website and expect a response within 24 hours.

Educational Resources

Based on the information available on the TNFX website, the broker offers several educational resources to help traders improve their knowledge and skills. These resources include video tutorials, which cover various trading topics such as technical analysis, fundamental analysis, and risk management. Additionally, TNFX provides VPS services, which allow traders to run their trading strategies and EAs without any interruption.

Another educational resource offered by TNFX is the AutoChartist tool, which provides traders with market analysis, trading signals, and automated chart pattern recognition. The tool is designed to help traders identify potential trading opportunities based on chart patterns, and it can be accessed via the MT4 and MT5 platforms.

Conclusion

TNFX is a forex broker that offers a variety of account types to suit different traders' needs, with a minimum deposit requirement of $100. The broker offers favorable trading conditions with leverage of up to 1:400. Another strength of TNFX is its variety of trading platforms, including both MT4 and MT5, which are popular among traders. However, on the downside, TNFX is not regulated by any reputable regulatory body, which can be a big risk.

FAQs

Q: Is TNFX a regulated forex broker？

A: TNFX is registered as an International Business Company in Saint Vincent and the Grenadines but is not currently regulated by any well-known financial authority.

Q: What trading platforms are offered by TNFX？

A: TNFX offers both the popular MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading platforms.

Q: What is the minimum deposit required to open an account with TNFX？

A: The minimum deposit required to open an account with TNFX varies depending on the account type, ranging from $100 to $1,000.

Q: What is the maximum leverage offered by TNFX？

A: The maximum leverage offered by TNFX is up to 1:400 for all accounts except for the VIP account, which has a maximum leverage of 1:100.

Q: What trading instruments are available at TNFX？

A: TNFX offers a range of trading instruments, including forex currency pairs, commodities, and indices.