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TNFX is a brokerage firm that offers trading services across various financial markets. Established in 2019, it has attracted attention from both novice and experienced traders. This review provides a comprehensive overview of TNFX, focusing on its key features, regulatory status, trading instruments, platforms, mobile applications, and account types.
TNFX Key Features
- Diverse Account Types: TNFX offers multiple account options, including Standard, Fix, VIP, Zero, Cent, and Demo accounts, catering to different trading preferences and experience levels.
- Trading Platforms: The broker supports both MetaTrader 4 (MT4) and MetaTrader 5 (MT5), renowned for their advanced charting tools and user-friendly interfaces.
- Leverage Options: Traders can access leverage up to 1:500, allowing for greater exposure with a smaller capital investment.
- Educational Resources: TNFX provides a range of educational materials, including video tutorials and articles, to assist traders in enhancing their market knowledge.
- Customer Support: The company offers 24/6 customer service through various channels, including phone, email, and live chat.
TNFX Regulatory Status & Licenses
TNFX is registered and regulated by the Financial Services Authority (FSA) in Seychelles. While this provides a level of oversight, it’s important to note that the FSA is considered an offshore regulator, which may not offer the same level of investor protection as top-tier regulators like the UK’s Financial Conduct Authority (FCA) or the U.S. Securities and Exchange Commission (SEC).
| Regulatory Authority | License Number | Fund Protection | Negative Balance Protection | Country |
|---|---|---|---|---|
| Financial Services Authority (FSA) | SD133 | Not specified | Not specified | Seychelles |
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TNFX Trading Instruments
TNFX offers a variety of trading instruments across multiple asset classes, enabling traders to diversify their portfolios.
| Asset Class | Examples |
|---|---|
| Forex | EUR/USD, GBP/USD, USD/JPY, AUD/CAD, NZD/CHF, USD/ZAR, EUR/GBP, USD/CHF, USD/CAD, EUR/JPY, GBP/JPY, AUD/JPY, NZD/USD, USD/SGD, USD/HKD, USD/MXN, USD/TRY, USD/INR |
| Commodities | Gold, Silver, UK Oil, US Oil, Natural Gas, Copper, Platinum, Palladium |
| Stocks | Tesla, McDonald’s, eBay, Apple, Amazon, Google, Microsoft, Facebook, Alibaba, Netflix, IBM, Intel, Boeing, Coca-Cola, PepsiCo, Johnson & Johnson, Visa, Mastercard, Nike, Adidas |
| Indices | US500, DJ30, NAS100, UK100, GER30, FRA40, JPN225, AUS200, HK50, ESP35, ITA40, SUI20, NETH25, SWE30, NOR25, DEN20, FIN20, BEL20, AUT20 |
| Cryptocurrencies | Bitcoin (BTC/USD), Ethereum (ETH/USD), Litecoin (LTC/USD), Ripple (XRP/USD), Bitcoin Cash (BCH/USD), Cardano (ADA/USD), Polkadot (DOT/USD), Stellar (XLM/USD), Chainlink (LINK/USD), Dogecoin (DOGE/USD) |
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TNFX Trading Platforms
TNFX provides access to the industry-standard MetaTrader platforms, MT4 and MT5, known for their robust functionalities and user-friendly interfaces.
| Platform | Availability | Features |
|---|---|---|
| MT4 | Windows, macOS, iOS, Android | Advanced charting tools, automated trading via Expert Advisors (EAs), customizable indicators, multiple timeframes, real-time quotes, trading signals, market news, one-click trading, hedging allowed |
| MT5 | Windows, macOS, iOS, Android | Enhanced analytical tools, additional timeframes, economic calendar integration, improved order management, depth of market display, multi-threaded strategy tester, netting and hedging modes, advanced pending orders, built-in MQL5 development environment |
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TNFX Mobile App
TNFX offers mobile trading applications compatible with both iOS and Android devices, allowing traders to manage their accounts and execute trades on the go.
| Feature | iOS Rating | Android Rating |
|---|---|---|
| User Interface | Not Available | Not Available |
| Functionality | Not Available | Not Available |
| Stability | Not Available | Not Available |
Note: Specific user ratings for TNFX’s mobile applications are not readily available. Prospective users are encouraged to download the app from official app stores to view current ratings and reviews.
TNFX Account Types
TNFX offers several account types to accommodate different trading styles and experience levels.
| Account Type | Minimum Deposit | Leverage | Spreads | Commission |
|---|---|---|---|---|
| Standard | $100 | Up to 1:500 | From 1.0 pips | Zero |
| Fix | $1,000 | Up to 1:500 | Fixed spreads (e.g., EUR/USD 1.0 pips) | Zero |
| VIP | $100,000 | Up to 1:100 | From 0.4 pips | Zero |
| Zero | $1,000 | Up to 1:500 | From 0.0 pips (e.g., EUR/USD 0.0 pips) | $5 per lot |
| Cent | $100 | Up to 1:500 | From 1.0 pips | Zero |
TNFX Commissions & Fees
TNFX offers a range of account types, each with its own fee structure to cater to different trading preferences. Understanding these fees is essential for effective cost management.
| Fee Type | Standard Account | Fix Account | VIP Account | Zero Account | Cent Account |
|---|---|---|---|---|---|
| Commission per Lot | $0 | $0 | $0 | $5 | $0 |
| Spreads | From 1.0 pips | Fixed (e.g., EUR/USD 1.0 pips) | From 0.4 pips | From 0.0 pips | From 1.0 pips |
| Swap Fees | Applicable | Applicable | Applicable | Applicable | Applicable |
| Inactivity Fee | None | None | None | None | None |
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TNFX Deposit & Withdrawals
TNFX provides multiple deposit and withdrawal methods, aiming for flexibility and convenience. The broker does not charge fees for these transactions, though processing times may vary.
| Payment Method | Deposit Fee | Withdrawal Fee | Processing Time |
|---|---|---|---|
| Visa/MasterCard | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Bank Transfer | $0 | $0 | Deposits: 1-3 business days; Withdrawals: 1-3 business days |
| Perfect Money | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| WebMoney | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| STICPAY | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Advcash | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Al-Taif | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Payeer | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Asia Pay | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
| Corapay | $0 | $0 | Deposits: Instant; Withdrawals: Up to 24 hours |
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TNFX Customer Support
TNFX offers customer support through various channels to assist traders with their inquiries and issues. The support team is available 24 hours a day, six days a week, ensuring timely assistance.
| Support Channel | Availability | Response Time | Languages |
|---|---|---|---|
| Live Chat | 24/6 | Immediate | English, Arabic, Kurdish |
| 24/6 | Within 24 hours | English, Arabic, Kurdish | |
| Phone | 24/6 | Immediate | English, Arabic, Kurdish |
| Support Ticket | 24/6 | Within 24 hours | English, Arabic, Kurdish |
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TNFX Education & Research
TNFX provides educational resources to help traders enhance their knowledge and skills. These resources are designed to cater to both beginners and experienced traders.
| Resource Type | Availability | Quality |
|---|---|---|
| Video Tutorials | Yes | Comprehensive and informative |
| Webinars | Yes | Interactive and insightful |
| Articles | Yes | In-depth and educational |
| Economic Calendar | Yes | Up-to-date and detailed |
| Technical Analysis | Yes | Regular and thorough |
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TNFX Google Reviews & Reputation
TNFX’s reputation among users is mixed, with some expressing satisfaction and others raising concerns. It’s essential for potential clients to consider these reviews when making a decision.
| Rating Factor | Score (out of 5) | Trustpilot Rating | App Store Rating | Google Play Rating |
|---|---|---|---|---|
| User Satisfaction | 2.0 | Not available | Not available | Not available |
| Customer Support | 2.5 | Not available | Not available | Not available |
| Platform Usability | 3.0 | Not available | Not available | Not available |
| Withdrawal Process | 1.5 | Not available | Not available | Not available |
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TNFX Bonuses & Promotions
TNFX offers several bonuses and promotions to enhance the trading experience:
- Welcome Bonus: New clients receive a $50 bonus upon opening an account.
- Deposit Bonus: Clients can receive a 20% bonus on their deposits.
- Birthday Bonus: A $100 bonus is awarded to clients on their birthdays.
*Note: Bonuses are subject to specific terms and conditions.*
TNFX Advantages & Disadvantages
Evaluating the pros and cons of TNFX can help traders make informed decisions.
| Pros | Cons |
|---|---|
| Diverse Account Types | Offshore Regulation |
| Multiple Deposit and Withdrawal Methods | Reports of Withdrawal Issues |
| Comprehensive Educational Resources | Limited Information on Mobile App Ratings |
| 24/6 Customer Support | Mixed User Reviews |
| Competitive Spreads | High Minimum Deposit for VIP Accounts |
Final Thoughts
TNFX offers a range of services, including diverse account types, multiple payment methods, and educational resources. However, concerns regarding its regulatory oversight and mixed user reviews suggest that potential clients should exercise caution. Conducting thorough research and considering brokers regulated by reputable financial authorities is advisable to ensure a safer trading environment.