Score
TNFX
Seychelles|5-10 years| https://tnfx.co/en
Website
Rating Index
MT4/5 Identification
MT4/5
Full License
TNFX-Live
Influence
B
Influence index NO.1
Iraq 6.49MT4/5 Identification
MT4/5 Identification
Full License
FranceInfluence
Influence
B
Influence index NO.1
Iraq 6.49Contact
Licenses
Licensed Institution：TNFX Ltd
License No.：SD133
Single Core
1G
40G
1M*ADSL
- The number of the complaints received by WikiFX have reached 12 for this broker in the past 3 months. Please be aware of the risk and the potential scam!
Basic information
Seychelles
5-10 years Regulated in Seychelles Retail Forex License MT4 Full License MT5 Full License Regional Brokers High potential risk Offshore RegulatedAccount Information
Formal full license MT4/5 traders will have sound system services and follow-up technical support. Generally, their business and technology are relatively mature and their risk control capabilities are strong
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Sources
Language
Mkt. Analysis
Creatives
WikiResearchWebsite
tnfx.co
Server Location
United States
Website Domain Name
tnfx.co
Server IP
104.31.70.146
Company Summary
| TNFX | Basic Information |
| Registered Country/Region | Registered in Saint Vincent and the Grenadines |
| Founded in | 2019 |
| Minimum Deposit | $50 |
| Maximum Leverage | 1:400 |
| Trading Platforms | MetaTrader 4 (MT4) |
| Trading Assets | Forex, Metals, Indices, Commodities, Crypto |
| Spreads | Floating from 1.2 pips |
| Commissions | No commission on trades |
| Deposit & Withdrawal | VISA, MasterCard, Zain Cash, Asia Pay, Perfect Money, Al-Taif |
| Customer Support | Email, Live Chat, Phone, Social Medias |
| Education | Economic Calendar, Forex Calculator |
| Bonus | 30% deposit bonus up to $5,000 |
*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.
| Pros | Cons |
| ✅ Multiple account types available | ❌ Not regulated by any major financial authority |
| ✅ High leverage options up to 1:400 | ❌ Limited range of trading instruments |
| ✅ Variety of deposit and withdrawal methods | ❌ Limited educational resources and research tools |
| ✅ Commission-free trading environment for some accounts | ❌ 24/5 customer support |
| ✅Islamic accounts offered | |
| ✅ MT4 and MT5 trading platform supported | |
| ✅ Deposit bonus offered | |
| ✅ Demo account offered |
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？
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.
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.
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.
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:
| Broker | EUR/USD Spread | Oil Spread | Gold Spread |
| TNFX | 2.2 pips | 0.05 | 2.5 |
| Exness | 0.3 pips | 0.05 | 0.18 |
| FXTM | 0.1 pips | 0.02 | 0.3 |
| FP Markets | 0.0 pips | 0.03 | 0.16 |
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.
Keywords
- 5-10 years
- Regulated in Seychelles
- Retail Forex License
- MT4 Full License
- MT5 Full License
- Regional Brokers
- High potential risk
- Offshore Regulated
Review 19
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F845
United States
I made a deposit of US$30,000 on the Tnfx platform, and the profit was US$122. The withdrawal was deducted, and then it never credited the account. I contacted the account manager, who informed me that KYC certification is required on the the backend. Then I submitted the KYC certification information, but the platform never responded or gave out any money.
Exposure
05-21
slah
Iraq
They stole my money, stay away from them.
Exposure
2023-12-28
Qaisar926
United Arab Emirates
I deposit amount in my account, and do trade, make profit and put withdrawal and they deleted my profit. This is how they make money.
Exposure
2023-12-21
vivian214
Hong Kong
I deposited $5,000 USDT for the first time two months ago. Generally, when I deposit money using Crypto, it will be credited to my account very quickly. I also received an email and official notification that I have made the deposit, but it has not arrived yet (I have been waiting for a week) and the banlance is still $0. I sent an email and asked the customer service but there was no reply. It wasn't until I asked for a refund that they replied and said they would help me follow up on the matter. Now they are shirking responsibility and saying that the financial department needs to verify it. It took almost a month and a half to verify the result. P.S. has provided HASH. Email Deposit notification, deposit address, official notification of deposit confirmation, suspected to be scammed.
Exposure
2023-12-04
FX3711770062
Iraq
Peace be upon you. I settled an account with Tiran Company. I deposited 500 dollars and they gave me 500 dollars Bonus I traded on news for two weeks. I made profits of 2352 thousand dollars. I submitted a withdrawal. The withdrawal was delayed for 3 days. Every day, they give me another excuse. I opened a hedge on two accounts, and this thing I swear by God, I did not know and they did not have any evidence, just words until they see an excuse and take the balance and the profits, and the account manager has been not responding for a week to me, and I am writing to support about solving my problem. They say they will contact you and they will communicate without any words or an answer. My profits and the two are not satisfied with giving them
Exposure
2023-08-18
Rebecca9212
United Kingdom
I cannot withdraw my money from tnfx it’s been some days now and I still haven’t gotten my money I got aided finasset, and so far this problem has not been resolved they have been sued by state security
Exposure
2023-07-09
Hussein Alasadi
Iraq
Hello, I have a problem with TNFX regarding my IB account, they refuse to upgrade it and ignoring my request and email. i Have achieved all the requirements to upgrade to level 2 ( silver / rebate 6$) [the level on the website in my dashboard is an error they said]. i have 6 verified accounts and approximately 200 standard lots traded, and $10,000 deposit. so as you see it's more than the requirements. now they say you need 3 more accounts to achieve the condition!!! fully scam. this problem nearly since February, and i can't withdraw the commissions.
Exposure
2023-07-08
FX2209507829
Japan
I have an account with TNFX (account no. 428941). I accumulated some gains in my account. However, when I applied to withdraw my money, my requst was rejected. Contacting the customer service is very difficult, even when I got connected, there was no clear answer on time to return my money; and there was no reason given about holding up my money. My mails fell to deaf ears. It is really frustrating. I think there are a lot of people facing the same difficulty and would like to call upon these victims to come forward to report them.
Exposure
2023-06-09
FX8470037020
Iraq
I cannot withdraw my money from Tiran Company and National Security arrested them on charges of money laundering and fraud, and so far this problem has not been resolved
Exposure
2023-05-15
FX2209507829
Japan
我的tnfx账号是428941 My withdrawal application was rejected by their company for unwarranted reasons. Even if I contacted customer service, They did not give a specific time and reason, and there was no reply to the email. It's really helpless. I hope that all the people I have encountered will stand up and can't let such an dishonest fraud company continue to have such bad behaviour!
Exposure
2023-04-28
红浮
Hong Kong
In March, a friend introduced TNFX to deposit $4100. After the transaction, it generated profits and tried to withdraw money. TNFX directly slandered me for abusing the bonus and erasing all funds for a total of $9908. I asked them to provide evidence and they refused to provide it. I sent the transaction records to everyone have a look.
Exposure
2023-04-13
MrTrader
United States
TNFX is making me believe they are a SCAM company. Have made a deposit several weeks ago and even after i have check with their bank and also mine that the transfers has arrived they still claiming they dont have the money. Dont deposit here. I do not recommend. Have already reached to FSA Seychelles where they claim to be regulated regarding this matter and will proceed with any other necessary action against TNFX if they do not proceed and make my fund available to withdrawal as per at this point i dont even want to have any business with TNFX anymore.
Exposure
2023-04-04
Cornelia Van Drusen
Netherlands
TNFX is a mixed bag. Their array of trading instruments, including cryptocurrencies, is fantastic. The Cent account is a steal for beginners, letting you dip your toes with just $100. However, the lack of clear info on Standard account deposits is a downside. The Fix and Zero accounts have relatively high minimums, which might deter some traders. On the flip side, the VIP account is tailored for big shots. Despite some drawbacks, TNFX's asset variety and features across accounts make it worth considering.
Neutral
2023-12-06
FX1527844142
Netherlands
TNFX is a trading gem! With a plethora of assets, from forex pairs to cryptocurrencies, they've got it all. I'm a fan of their Cent account – perfect for beginners with a $100 minimum deposit. It's a playground for testing strategies without the risk. The variety of account types is impressive, but transparency on Standard account deposits could be better. Still, the diverse range of assets and features make TNFX a solid choice for traders!
Neutral
2023-12-05
Busopy
Belarus
There's no hard minimum deposit, it's all about how much you wanna put in based on the price of the NFTX tokens or the underlying NFTs. They've got two kinds of funds: D1 and D2. D1 is like a straight-up investment in a single NFT, while D2 is a mix of different D1 funds, so you can spread your money around a bit.
Positive
07-22
Ali4045
Iraq
So far, a good anal, knowing that they must be tested with withdrawals in high amounts of 10 thousand or more, in order for them to be classified as sponsors and mediators in the open … and listen They say it is offline, meaning imaginary trading, and God knows best
Positive
2023-01-26
Melvin Kwang
Peru
I have been trading with this company for 5 months and I am satisfied and will continue to trade. It is effectively regulated by the FSA. I like its leverage, up to 1:400, which allows me to trade more positions. When I trade, I tend to choose a platform that provides MT4 services, and TNFX satisfies this point.
Positive
2022-12-05
FX1080226572
Malaysia
Customer service is top-notch! It was a pleasure chatting with them! And after a couple of hours on the broker's website, researching and opening demo accounts to get first-hand experience, I have been a client since.
Positive
2022-11-29
Hamza3413
Iraq
great company
Positive
2022-10-10