TenkoFx.com

Established in 2012, TenkoFX has grown to become a reputable player in the Forex market. This Forex company review will provide an in-depth look into the firm's policies regarding minimum deposits and inactive account fees, among other crucial aspects.

Understanding TenkoFX's Minimum Deposit Structure

One of the key aspects to consider when choosing a Forex broker is the minimum deposit required to open an account. In the case of TenkoFX, the minimum deposit varies based on the type of account. For STP and Crypto accounts, the minimum deposit is set at USD 10. For ECN and PAMM accounts, users need to deposit at least USD 100. This tiered structure allows traders of varying experience levels and financial capacities to access Forex trading.

Dealing with Inactive Account Fees

TenkoFX, like many other Forex brokers, charges an inactive account fee. An account is deemed inactive if there are no trades or open positions, or no deposits, withdrawals, or transfers for a period of 90 days. The inactive account fee is USD 10 per month, which is automatically deducted from the account balance. It's crucial for traders to be aware of this policy to avoid unnecessary charges.

Trading Platforms and Conditions

TenkoFX offers the popular MT4 trading platform, which is known for its user-friendly interface and advanced trading features. The broker also supports web and mobile trading, allowing traders to manage their accounts from virtually anywhere. With a maximum leverage of 500:1 and a minimum trade size of 0.01, TenkoFX provides flexible trading conditions to suit different trading styles and strategies.

Deposit and Withdrawal Methods

TenkoFX supports a wide range of deposit and withdrawal methods, including Bank Wire, AdvCash, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Qiwi, Skrill, and Tether (USDT). This variety of options offers convenience and flexibility for traders, enabling them to choose the method that best suits their needs.

Pros and Cons

On the positive side, TenkoFX offers a low minimum deposit for STP and Crypto accounts, a wide range of deposit and withdrawal methods, and a user-friendly trading platform. On the downside, the broker charges an inactive account fee, which could be a disadvantage for less active traders.

Scammer or Not: Safety Check

TenkoFX has been in operation since 2012, indicating a degree of stability and reliability. However, as with any online financial service, it's essential for traders to conduct their due diligence before opening an account.

FAQ Section

What is the minimum deposit for TenkoFX?
The minimum deposit is USD 10 for STP and Crypto accounts, and USD 100 for ECN and PAMM accounts.

Does TenkoFX charge an inactive account fee?
Yes, an inactive account fee of USD 10 per month is charged if there are no trades, deposits, withdrawals, or transfers for 90 days.

What trading platforms does TenkoFX offer?
TenkoFX offers the MT4 platform, along with web and mobile trading options.

What deposit and withdrawal methods are available?
TenkoFX supports a range of methods, including Bank Wire, AdvCash, Bitcoin, Ether/Ethereum, FasaPay, Litecoin, Neteller, PerfectMoney, Qiwi, Skrill, and Tether (USDT).

For more information or to share your experience with TenkoFX, please visit the forexroboteasy.com website. This independent review aims to provide a comprehensive overview of the broker's services and policies.