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TENFX Review: TENFX.com an Unregulated Company

TENFX Review: TENFX.com an Unregulated Company

TENFX is an investment company that claims it has an award-winning trading platform. They also offer educational courses every week. This is to increase the knowledge of their customers in the trading field. The firm also promises investors tight spreads without commission.

TENFX Review, TENFX Company

The available products include forex, indices, cryptocurrency, shares, commodities, and other assets. You can trade 24/7 in the liquid market. However, it is important to note that the products. The entity deals with are highly volatile.

It is impossible to predict the price. You can make high earnings or losses. The platform is accepting investors from 33 countries. These are places with strict rules. For every broker to start their trading activities, they must have a license from a reputable financial body. Sadly, TENFX is an illegal venture.

They claim to have 23 currencies and trade in over 100 plus markets. The company said that it had won an award for the best broker, best trading platform, and execution. Unfortunately, the platform does not reveal the organization that awarded them these titles.

This is another false claim to win the trust of naive investors. If you’re not keen, you will end up losing all your savings. Invest with some of the best forex trading investment schemes that are reputable. You will sleep soundly knowing that your money is in safe hands.

TENFX.com Review

TENFX has a course on introduction to the financial market. They also teach how to manage risks and perform technical and fundamental analysis. You will also understand when to enter or exit the market and learn trading psychology. It is a good move for companies to educate their customers.

However, the training course is only meant for novice investors. Therefore, expert investors won’t benefit from offshore’s activities. Additionally, the skin is offering 100% bonuses when you deposit funds. Various financial watchdogs are against investment companies offering such lucrative opportunities.

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Our main concern is that TENFX lacks transparency. The account manager, financial analyst, and parent company information is not available. Additionally, the company does not have its trading performance. Hence, we do not know their average win rate or expected drawdown.

Nonetheless, the platform states it has ten years of experience. It is obnoxious for an investment scheme to fake the time it has been in the market. Whois.com indicates that the broker was established in 2020. They are new in the industry and have nothing to prove worth the investment.

TENFX Trading Conditions and Accounts

There are the best trading accounts that you can select from. These include individual, joint, trust, family, and institutional accounts. The entity claims it has both MT4 and MT5. However, it turns out that it is only using TradingView charts. This is not a trading interface, and to make matters worse, it belongs to a third party.

Trade with reliable forex companies that understand the importance of having a superior trading interface. You will reap more benefits and trade with confidence. It displays leverage of 1:500. In the EU, investment schemes with a license only provide a 1:30 cap.

High leverage may translate to increased profits. However, it would help if you remembered that you might suffer the same losses. If you are a novice investor, we recommend sticking to low limits.

Withdrawal and Deposit

The minimum amount that you can deposit is $50. The scheme expects funds via debit cards, skrill, and crypto. It turns out customers can only cash in via Ethereum or Bitcoin wallet. If you make payment using this option, you will not recover your money or identify those who receive the funds.

The more general company will have multiple payment options for their clients. TENFX has referral and welcome bonuses of $600. Keep in mind that you will not be able to cash out until you meet the trading volume set by the company.

The only reason the Ponzi scheme provides such creative opportunities is to limit investors from cashing out. Ensure that you only go through the terms and conditions before accepting the bonuses.

Customer Support and Contact Details

 TENFX indicates it has offices in Asia, India, and the United Kingdom. Investors can reach them via email or by filling in the contact form available on the website. They also have a phone number you can use. The platform has icons on Facebook, Twitter, YouTube, Instagram, and telegram. However, you’ll be laid back on the homepage upon clicking on them.

It is unprofessional for a scheme to mislead its clients. Scammers hire sales reps that will constantly be calling you. They are pretty convincing, and you can end up depositing all your savings. Once they realize you have run out of funds, the con artists will cut you off. They will go the extra mile of blacklisting your phone number.

If the company is exposed, they will shut down their website and deactivate their phone number. TENFX is operating anonymously, and we did not have information on the individuals behind the broker. They will disappear in thin air and never be found.

Regulation Status of TENFX

The company purports to be operating from the United Kingdom. This is one of their stringent countries for investment brokers. A company ought to have a license before commencing its trading activities. Sadly, after checking the financial conduct authority database, we could not find the name of the murky business.

TENFX.com Review, TENFX.com Features

Moreover, TENFX claims it has a license from the Financial Service Authority of SVG. The financial regulator of Saint Vincent and the Grenadines does not license investment schemes. The country has therefore become a haven for fraudsters.

The broker also claims to be operating by the international financial service commission of Belize. The minimum capital requirement is $500k in the country. The entity must also support the daily trading activities of the financial body. Sadly, this is an illegal scheme that is operating as it pleases.

You will not be protected against a negative account balance. Additionally, traders won’t receive compensation if the entity exits the industry today. TENFX can also change its terms to favor their greedy needs. You cannot report them to the authorities once this happens. It is impossible to trace down anonymous fraudsters’ call stops.

Clients Testimonials

The platform features several testimonials from some of their customers. The company is being praised for having an advanced trading platform and tools. They also validate that the broker has a professional team. The entity is upvoted for having a tight spread.

TENFX it’s also said to have automatic trading software that allows customers to yield more returns. The testimonials also credit the support team. Our main concern is the company is using stock images. We searched for customer reviews on third-party websites to no avail.

You must become keen on offshore’s entities. They feature false information to trap more victims into their system. Look for proof of payment or trading results to validate the company is trading.

Final Verdict

TENFX is a company that is looking for novice investors. You never find expert traders taking their chances with an outrageous platform. The real area of operation of the entity is unknown. The entity also tribes in anonymity, and you should be mindful of how it runs its activity.

Trade wisely by choosing a reliable forex trading company with past history. You will sleep soundly knowing that your safety is well taken care of. You can also read their happy customers’ reviews to make an informed decision.

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