TenkoFX: A Crypto Trading Platform for Everyone

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TenkoFX: A Crypto Trading Platform for Everyone

With the rise in interest of crypto trading, a lot of traditional brokers who used to provide forex and CFD broking slowly started providing services for crypto trading. But one prominent name that stood out of all was TenkoFX which tried to provide the best possible terms suitable to all kinds of traders.

Tenko FX- A crypto broker with an edge

Being established in 2012, TenkoFX was relatively one of the newest kids on the block in the brokerage business. The company is regulated by the International Financial Services Commission (IFSC) in Belize and clearly stands out on certain of its features which none of its competitors provide. These include

  • Reliable, reasonable and fully transparent price modeling for the customers
  • The possibility to conduct automated trading using the provided terminal
  • A low minimum deposit of USD 10
  • A variety of enriching set of trading instruments offered by the Tenko FX apart from cryptos (main and additional currency pairs, futures, oil, precious metals many other popular and on-demand instruments);
  • One of the best and technologically trading platforms. The user gets access to the most convenient and renowned trader platforms such as the MetaTrader 4
  • The company also offers a variety of options and gateways for depositing and withdrawing of funds (bank transfers, leading and widely spread online payment systems Neteller, Skrill, etc.).

The brokerage firm, even though it provides others, but it’s clearly focused on crypto broking. Some standout features hear apart from the above include

  • For cryptos specifically, the company has over 24 crypto instruments to trade upon
  • O% withdrawal by AdvCash
  • No commission for deposits in Bitcoin, Litecoin, Ethereum, and Tether.
  • The spread provided is floating and the commission attached to the account is 0.5% HALF-TURN

Multiple accounts categories: Catering to customized needs

The company has designed and developed 3 types of accounts which can fit a variety of users catering to their needs and the products they wish to trade in. This includes STP, ECN and Crypto types. Following table gives a complete insight on each of the account offering and features

Particulars STP ECN Crypto
Execution Type Market execution,

slippage possible,

no requotes

Market execution,

slippage possible,

no requotes

Market execution, slippage possible, no requotes
Account Currency USD, EUR, RUB USD, EUR, RUB, JPY, MBTC, LTC, ETH USD, EUR, RUB, MBTC, LTC, ETH
Minimum

Initial Deposit

10 USD 100 USD 10 USD
Spread Variable Variable Variable
Fees No commission, Mark-up pricing 4 units of base currency for 1 Lot (100 000$). Trading commissions can review up to 1 unit of base currency in case of high trading volume 0,5% half-turn
Asset classes Currencies, Metals Currencies, Metals, CFD Crypto
Leverage Up to 1:500

1:1 – 1:500 for accounts up to $25,000,

1:1 – 1:200 for accounts from $25,000 up to $100,000,

1:1 – 1:100 for accounts from $100,000 up to $1,000,000,

negotiable over $1,000,000.

Up to 1:200

1:1 – 1:200 for accounts up to $100,000,

1:1 – 1:100 for accounts from $100,000 up to $1,000,000,

negotiable over $1,000,000.

1:3
Margin Call 50% 100% 30%
Shoutout 30% 50% 15%
Minimum margin From 2 USD From 5 USD
Algo-trading Yes Yes Yes
News trading Yes Yes Yes

PAMM accounts- Automating profit/loss distribution.

The master operates his/her personal capital through a given PAMM Account, and his/her trading strategy is replicated on the Follower own capital. All PAMM account results are published with total transparency, so you can easily analyze the performance and statistics of each trader and decide where to invest your funds.

PAMM is a cutting edge solution which helps young and inexperienced traders to learn from the masters. This account has benefits for Followers and Maters both

For Followers the benefit includes

  • Carry out own money management and propose offers to Master (Follower Offer): Even while following the master, the follower has complete control over his or own funds
  • Automatic Profit/Loss and fees distribution: At the time of settlement- the distribution of profits, losses and the Master’s fees are all carried out automatically by the PAMM service
  • Chose your Master: The follower has complete analysis and rich information which allows it to chose the right master depending on its risk-return profile.

For Masters, The benefits include:

  • Multiple offers with different conditions: This service allows masters to set up multiple Offers with different parameters for Followers with varied funds and risk profiles.
  • User-Friendly Performance Monitoring System: The platform provides a user-friendly and illustrative dashboard displaying the Masters’ past trading results improving chances of getting more followers
  • Automatic Result Distribution: The PAMM Service keeps each Follower Account record individually, and the gains and losses are automatically distributed by the system between the Master and the Followers based on the proportion of assigned funds, thus guaranteeing the master his share of fees and profits.

TenkoFx Cashback Loyalty Program

Being committed to providing best value and benefits to its customers TenkoFx returns a part of the funds to its new customers within the first three months of trading since the time of registration of an account with the company. The company reimburses the cost incurred by the customer irrespective of whether the user is recording profits or losses.

The minimum amount of cashback is $5, while the maximum amount from a single trade cannot exceed $100. The maximum aggregate amount that can be obtained under our CashBack program is $1000. This amount is directly credited to users account without any hassles to him

The standard commission is equivalent to 2.4 points for a completed trade on STP-accounts and 15% of the commission on ECN accounts.

To calculate the CashBack amount, the standard commission is multiplied by a coefficient, which depends on the total involved margin on the accounts of a particular client. In the table below, you can find all the coefficient values for the CashBack calculation. On the right side of the table, you can see an example of CashBack calculation for the Standard Commission ($15).

Summary
Tenko FX: A Crypto Trading Platform for Everyone
Article Name
Tenko FX: A Crypto Trading Platform for Everyone
Description
With the rise in interest of crypto trading, a lot of traditional brokers who used to provide forex and CFD broking slowly started providing services for crypto trading. But one prominent name that stood out of all was TenkoFX which tried to provide the best possible terms suitable to all kinds of traders.
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COINGAPE
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Sagar Saxena 205 Articles

Passionate about Blockchain and has been researching and writing about the Blockchain technology for over a year now. Also holds expertise in digital marketing. follow me on twitter at @sagar2803 or reach out to him at sagar (at) coingape.com

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Sagar Saxena 205 Articles

Passionate about Blockchain and has been researching and writing about the Blockchain technology for over a year now. Also holds expertise in digital marketing. follow me on twitter at @sagar2803 or reach out to him at sagar (at) coingape.com

Follow Sagar @