TNFX is a broker that offers forex, metals, energy, stocks, and indices trading services to investors. The TNFX official website is https://tnfx.co/, and the website supports English, Simplified Chinese, Spanish, Turkish, Pashto, and Arabic as languages of use. According to the Whois query, the domain name for the company's official website was registered on January 18, 2019, which is over four years ago.
Account Registration:
TNFX's official website provides registration links for both real and demo accounts. By clicking on "Open Live Account" or "Open Demo Account" on the website's homepage, investors can fill in the required information such as name, email, phone number, and password to complete the account registration process. It's important to note that during real account registration, investors need to choose between "Individual" or "Company." For demo account registration, investors need to select the trading software, account type, and leverage.
Account Registration:
TNFX's official website provides registration links for both real and demo accounts. By clicking on "Open Live Account" or "Open Demo Account" on the website's homepage, investors can fill in the required information such as name, email, phone number, and password to complete the account registration process. It's important to note that during real account registration, investors need to choose between "Individual" or "Company." For demo account registration, investors need to select the trading software, account type, and leverage.
Account Types:
According to information on the TNFX official website, the company offers five types of trading accounts for investors: Standard, Fix Account, VIP Account, Zero Account, and Cent Account. These different account types have significant differences in terms of spreads, minimum trade sizes, commissions, margin ratios, and other factors.
Trading Products:
The TNFX official website states that the company provides trading services for forex, metals, energy, stocks, and indices. Additionally, the website provides specific details about the forex, metals, energy, stocks, and indices trading products, including information about spreads.
Margin Ratios:
While TNFX's official website indicates that different account types have different maximum margin ratios, it does not provide information on the margin ratios for specific trading products within the forex, metals, energy, stocks, and indices categories.
Trading Hours:
TNFX's official website provides information about the trading hours for some markets, including forex, stocks, and energy, covering aspects such as opening, closing, and market breaks.
Deposits and Withdrawals:
According to the information on the TNFX official website, the company supports various methods for depositing and withdrawing funds, including Visa, MasterCard, Perfect Money, AIRTM, India Payment, Corapay, and WebMoney. Furthermore, TNFX's official website explicitly displays the deposit and withdrawal processing times and associated fees.
Trading Software:
The TNFX official website mentions that the company offers MetaTrader 4 (MT4) and MetaTrader 5 (MT5) trading software for investors. This includes desktop versions for Windows and MacOS, web-based versions, and mobile versions for iOS and Android. However, it notes that the Android versions of MT4 and MT5 may have slow download speeds or installation issues in some regions.
Video Tutorials:
The TNFX official website indicates that the company provides video training for investors in financial markets, technical analysis, fundamental analysis, and trading strategies. It also offers tutorials on how to use MT4 and MT5.
Other Services:
TNFX's official website provides economic calendars, macroeconomic news, and daily and monthly market analysis reports to help investors understand hot topics in financial markets and trends in forex, metals, energy, stocks, and indices trading products.
Regulatory Information:
TNFX's official website displays authorization from the Financial Services Authority of Seychelles (FSA), which has been verified through the FSA website. However, the website also indicates registration in Dubai with the Dubai Financial Services Authority (DFSA), for which no regulatory or authorization information is found on the DFSA website.
Summary:
TNFX raises some concerns related to potential fraud. While the company is authorized by the Financial Services Authority of Seychelles (FSA), the regulatory and investor protection measures associated with this authorization may be relatively weak. Importantly, the registration information displayed on the company's official website is not found in global business search organizations such as LEI Register and the Government of Dubai. Additionally, the Dubai Financial Services Authority (DFSA) website does not provide information regarding regulatory or authorization status for TNFX. Based on these factors, there are suspicions of potential fraudulent activity, and investors should exercise caution when considering this company's services. TraderKnows advises you to be vigilant about your financial security and to avoid falling into potential scams.
