TNFX (TNFX.co) is a brutal CFDs and Forex scam broker to hit the lucrative trading world. TN FX is purporting to reduce trading costs by offering some of the tightest prices in the industry. And this is why we decided to carry out a thorough investigation regarding this broker. After receiving email complaints, it became clear this broker was up to no good. Read this detailed TNFX review for more.
Trusted and Vetted trading tools are the best remedy for any type of trading. Crypto currency trading needs expert recommended and tested Crypto trading tools. This is why every investor should sign up with genuine and transparent Crypto Currency trading robots. Time to make money with realistic Crypto trading tools is here. Simply sign up with world’s leading and profitable Crypto Currency trading robots.
Most of the complaints sent centered on how this broker goes missing after deposits are made. What’s even more damning is how some of the account managers respond harshly to withdrawal requests. At the end of the day, all traders should sign up with brokers who are sure of what they are doing. Sadly, it seems most of the members are losing funds with this brutal broker. Stay tuned for more details regarding this platform.
When it comes to how these brokers target investors, it’s really simple. As a rule of thumb, make sure to follow due diligence before signing up with any online platform. Are funds safe with this broker? How often does the broker allow withdrawals? What platform are they using for trading? These questions help define a broker.
After landing on their homepage, we noticed why most newbie traders fell for this trap. With a well-designed website, this looks like a totally legit brokerage firm. This is far from the truth; this is simply a brokerage firm which is out to cause malice. To begin with, who is the actual owner of this platform? Can we get the details of the founding members? Lack of this vital information is proof we are dealing with an anonymous broker. And this is a possible red flag.
👉 Want to make money automatically with Bitcoin and Cryptocurrencies without the risk of trading yourself? Are you ready for self-custody of your investment funds? Do you like the sound of regular consistent results and profitable performance? Tired of the forex and crypto scams, false promises and games out there designed to separate you from your hard earned funds? Stop everything! ETBOT is for you! With the ETBOT software, only YOU are in control of your investment funds. The software works using API Key connections that only YOU set up and control. The ETBOT service and mother company EndoTech has been making investors hundreds of percent a year in proven gains since 2012! They use the volatility of the Crypto market to trade long and short using breakout techniques and strategies powered by real Artificial Intelligence. This year so far ETBOT has made over 75% for clients since January 1st, 2020. If you are ready to leave the trading to the professionals and upgrade your monthly income, now is the time, head to ETBOT now and buy your subscription to get started. PS: ETBOT is a Profitable Forex/Crypto Trading Bot. 100% Verified and Recommended by Valforex.com.
Why would anyone deposit money with an unknown third party? For all we know, this could be a brokerage firm based offshore. Offshore brokers are notorious for breaking industry regulations and rules. This is why no one should ever sign up with an anonymous broker. They tend to shut down their platforms without giving notice.
This broker claims to be licensed by the Iraq’s Ministry of Trade. They also claim to be owned by TiwanForex which is a company based in Dubai. What’s more shocking is the lack of proper license when it comes to this platform. And this is where we have to warn users from signing up with any unlicensed entity. Stay away from this broker.
We also checked with some of the leading regulatory bodies and found no information regarding TNFX. Damning evidence is lack of proper license and registration certificates. A real broker will post copies of their license for all to see. This helps to create a solid reputation and also transparency. Lack of these vital documents is proof TNFX IS NOT licensed. All investors are asked to stay clear from this broker. Signing up with TN FX will lead to more misery than good.
There are three different account types which TNFX is offering to investors. These accounts are named Standard, Professional, and VIP. What made us worried with their accounts is minimum acceptable deposit. Deposit made start at $300, $5,000, and $50,000 respectively. Why do they ask for a hefty minimum deposit price? Set industry standards have always been $250. It means this broker is targeting certain investors.
Accounts have almost similar features which is alarming in a way. Minimum lot size is the same as well as market execution. Account managers are made available after users deposit more than $10,000. What we noticed queer with these account managers is how they call users constantly to make deposits. Why would they do this? They simply want to fill their pockets with your funds.
A good and sure way of making money is by dealing with authentic and reputable brokers. Having a broker with a solid reputation and strong trading skills is a big plus. Industry backed and tested Forex brokers. Investors get to learn more about Forex trading straight from the experts. Make the move today and use credible Forex brokers.
When it comes to the type of platform they prefer, TNFX is using MT4 platform. In order to test how well this platform works, we decided to download it. Reason for downloading the platform is to check compatibility with various devices. And this is where we noticed some few errors worth mentioning. Their platform was not compatible with our desktop. Set up did not complete as download stalled at around 45%. What this pointed was we are dealing with an unstable platform.
Hackers find unstable platforms as easy prey for credit card information. Once they get a hold of your credit card details, they buy good online and pay with your card. And this is what makes trading with this broker scary. Anyone who signs up with TNFX is bound to be a target of hacking by simply using their unstable platform. Make sure to stay away from this and any other platform which shares same characteristics.
Funds will never be safe from a broker who is anonymous and totally unlicensed. Signing up with such a broker is simply throwing your money to the wind. And this is a major blow to anyone who already signed up. How are they handling funds deposited by members? Which bank are they using to store funds? Is it possible members are depositing funds straight to owners personal bank account?
When it comes to segregation of accounts, this broker fails to do so. As a rule of thumb, all brokers should segregate accounts. What this means is we are dealing with a broker who is pooling funds in a single account. In case this broker faces bankruptcy or insolvency; all funds will be lost without question. Make sure to check whether a broker follows set standards. What this means is TNFX is never going to compensate users at any given time when disaster strikes.
After going through some of the evidence, it’s clear we are dealing with a rogue broker. Make sure to stay away from this broker by ignoring their pleas to sign up. Whoever signs up will face withdrawal issues as well as losing their funds. By marking all their emails as Spam, investors will be safe from their marketing gimmicks. Stay away from this broker and any other who shares similar characteristics.
To protect our readers, we have to add TNFX to our scam blacklist. And this will hopefully prompt relevant authorities to sign up with them. Make sure to stay away from this broker. Go for industry backed and recommended Forex trading tools.
Have you considered trading with Binary Options? A proven and sure way of making stable profits is by using dependable Binary options signal providers. Make the informed decision and try our accurate and genuine Binary Options signal providers.
Finally, we wish you all the best in your Forex trading experience.
Help Us Fight Scams. Please Donate to Support Our Work. No Amount is too Little or too Big. Thank You..
February 8, 2019 By Ghazanfar
The phrase ‘Necessity is the mother of invention’ seems true for Iran. This is because Iran has unveiled its own...
February 8, 2019 By Ghazanfar
In spite of long bear market, Bitcoin transactions per day are increasing. Today the level of these transactions has touched...
February 4, 2019 By Ghazanfar
Although bear market in crypto world is extending, yet many fiat currencies are facing the threat of destabilization. This is...
February 4, 2019 By Ghazanfar
In spite of mix signals from the cryptocurrency world about the future of cryptocurrencies, many countries are planning to test...
February 3, 2019 By Ghazanfar
The idea of Bitcoin adoption as an international currency is not at all new. Over the years, many financial experts...
February 2, 2019 By Ghazanfar
Bitcoin’s entry into the longest ever bear market in history is one of the most burning issues of today. The...
Valforex.com will not be liable for any damages incurred due to the usage of any information displayed on this website. The information and trading guides found on the website constitute the authors’ opinion only. Trading Forex, Binary options and Cryptocurrencies involve high-risk and are not suitable for all investors. Online trading in general, may not be legal in your jurisdiction. It’s visitors’ responsibility to make sure these entities are legal in their jurisdiction before engaging in trading activity… Read More