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Since I applied for withdrawal on 1/28/23, the company has not processed or made any response. I contacted online customer service, and there was no response.
Hello. The problem I encountered was that the application for withdrawal was rejected, and I was told that I had to raise additional funds (more than 133,000 US dollars) to deposit and pay taxes before I could withdraw, and the company could not deduct this tax from my account, but all my funds I have already invested in this account, and now I can't raise this amount to deposit and pay tax. I hope you can help coordinate with the company. The company can understand the customer's difficulties and can deduct the tax payable from my account, and I can withdraw the money smoothly. Thanks!
Hi, my name is Walter Huang. I have an account #2400118 with Teknos Limited. I tried to withdraw $3000 on 1/28/23. The company never processed my request and I have tried to contact online service and no one answered my request at all. Therefore I cancel my original request on 2/15/23 and request another withdrawal with $10384 in order to close my account with this company. please help me to resolve this issue. Thanks!
I have tried to withdraw money from my account since 1/28/23 without success. I have tried several times the system alway reject my request or even doing nothing. It’s been more than two months already Spence I request for a mediation.
I have requested withdraw money on 1/28/23. The company has not processed my request at all. I even contacted their online service but no one answered my request at all.
I have knew a “friend “ in fb, she said she is doing well with trading gold so I opened the Teknos account as she guided me. She also mentioned that her best friend is a marketing director at Teknos. After several successful trades I have made a little money and she guided me to withdraw a little money as well, nothing is wrong so far. Then she said you can transfer your retirement funds or borrow from Heloc loan to put into the Teknos account and I got an email from Teknos saying that there’s a promotion for the new funds. I didn’t do that but try to withdraw the most of my funds on 9/23, but failed and the message saying “due to the maintenance of the withdraw channel, the maintenance time is 1-4 days. Then on 9/29, someone used my account to trade almost 90 times in 20 minutes and caused most of my funds lost. Who can access my account? Teknos!
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
|Teknos Limited Review Summary in 10 Points|
|Registered Country/Region||China Hong Kong|
|Regulation||NFA (General Registration)|
|Market Instruments||Forex, indices, CFDs, commodities|
|EUR/USD Spread||0.8 - 1.2 points (standard commission free account) / 0.0 - 0.3 points (original spread account)|
|Customer Support||24/7 email, WhatsApp|
Registered in Hong Kong and licensed by the National Futures Association (NFA), Teknos Limited is an online forex broker providing access to various financial markets, such as Foreign Exchange, Precious Metals, Indices, and CFDs through the MT5 trading platform. The minimum deposit to trade with this broker is $1,000, and the maximum trading leverage that can be used is up to 1:400.
In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.
Teknos Limited appears to be a reliable forex broker with a good selection of trading instruments, competitive spreads and commissions, and MT5 trading platform. The availability of 24/7 customer support is also a plus.
However, the lack of clear information regarding deposits and withdrawals may be a concern for some traders, and the high leverage offered may pose a risk to inexperienced traders. Overall, traders should weigh the pros and cons carefully before deciding whether Teknos Limited is the right broker for their trading needs.
|• Licensed by NFA||• Regional restrictions|
|• Offers MetaTrader 5 trading platform||• Higher minimum deposit of $1,000|
|• Segregated client funds in AA bank||• No info on deposits and withdrawals|
|• Wide range of trading instruments||• No educational resources or trading tools provided|
|• Commission free account offered||• Limited customer support options|
|• Low spreads on original spread account|
Having a general registered National Futures Association (NFA) license and segregating customers' funds in a trust fund are positive signs for the safety of Teknos Limited. However, it is important to conduct further research and due diligence before investing with any broker. It is recommended to check if the broker is regulated by reputable financial authorities, read reviews from other traders, and verify the authenticity of the information provided by the broker.
Teknos Limited offers a variety of trading instruments to its clients, including over 50 currency pairs, indices, CFDs, commodities such as gold, silver, and crude oil. The broad range of trading instruments enables traders to diversify their trading portfolios and choose the assets that align with their trading strategies. Furthermore, Teknos Limited's offerings cater to a wide range of traders, from novice to experienced, providing an opportunity for traders to explore different markets and trading styles.
Based on the information available on Teknos Limited's website, the broker appears to offer two types of trading accounts: the Original Spread Account and the Commission-Free Standard Account. The minimum deposit for both account types is $1,000. The Original Spread Account offers low spreads and commissions on trades, while the Commission-Free Standard Account features zero commissions on trades but slightly wider spreads.
Traders can choose the account type that suits their trading style and preferences. However, it is worth noting that the broker does not provide much information about its account features and conditions, which may make it difficult for potential clients to make an informed decision.
Opening an account with Teknos Limited is an easy and simple process:
Step 1: Click the “Open an Account” link, and fill up some required details on the popping-up page.
Step 2: Upload your personal data for this company to verify your details.
Step 3: Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Teknos Limited allows its clients to use leverage of up to 400:1. Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they have more trading experience.
Spreads and commissions are determined by trading accounts with Teknos Limited platform. The Commission-Free Standard Account provides zero-commission trading environment, accompanied by wide spreads. The Original Spread Account offers raw spreads from 0.0 pips, with a certain amount of commissions charged.
Specifically, The spread on the EUR/USD pair starts from 0.8 pips to 1.2 pips on the Commission-Free Standard Account, and 0.0 pips to 0.3 pips on the Original Spread Account.
Below is a comparison table about spreads and commissions charged by different brokers:
|Teknos Limited||0.8-1.2 points||$0|
Note: Spreads can vary depending on market conditions and volatility.
Teknos Limited provides access to the industry-leading MetaTrader 5 (MT5) platform which is available for both desktop and mobile devices. The MT5 platform is highly customizable, user-friendly, and provides advanced trading tools such as technical analysis indicators, trading signals, and Expert Advisors (EAs).
Additionally, Teknos Limited offers MT5 for iPhone and Android devices, allowing traders to access their accounts on-the-go. The MT5 platform is known for its fast execution speeds, low latency, and reliability, making it a popular choice among traders of all experience levels.
See the trading platform comparison table below:
|Teknos Limited||MetaTrader 5|
|Markets.com||MetaTrader 4, Marketsx, Marketsi|
|TeleTrade||MetaTrader 4, MetaTrader 5, WebTrader, MobileTrader|
|ForexChief||MetaTrader 4, MetaTrader 5, WebTrader|
As there is no available information on Teknos Limited's website regarding deposit and withdrawal methods, fees, and processing time, it is difficult to provide a comprehensive analysis of their deposit and withdrawal services. However, based on industry standards, it is expected that Teknos Limited offers a range of popular payment methods, such as bank transfers, credit/debit cards, and e-wallets, for deposit and withdrawal purposes. It is also worth noting that there may be potential fees for certain payment methods or processing time, which should be carefully reviewed by clients.
|Teknos Limited||Most other|
See the fee comparison table below:
|Broker||Deposit Fee||Withdrawal Fee|
|Markets.com||Free||$1-$4 per withdrawal depending on method|
|TeleTrade||Free||Vary on the method|
|ForexChief||Free||Vary on the method|
Please note that fees may vary depending on the payment method used and other factors, and the information provided may be subject to change. It's important to check with the individual broker for the most up-to-date and accurate information regarding deposit and withdrawal fees.
Teknos Limited offers 24/7 customer support through email and WhatsApp, providing clients with a way to contact their support team whenever they have any questions or concerns. Additionally, their website features an FAQ section that contains answers to commonly asked questions regarding trading with their platform. Registered Company Address: RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon, Hong Kong.
However, there is no information available on their website regarding other support channels such as phone support or live chat. Overall, Teknos Limiteds customer service appears to be responsive and helpful, but lacking in terms of support channels.
|• 24/7 customer support||• No phone support|
|• FAQ section available||• No live chat support|
|• Quick response time||• Limited customer support options|
|• Available in multiple languages|
Note: These pros and cons are subjective and may vary depending on the individual's experience with Teknos Limited's customer service.
In conclusion, Teknos Limited is a forex broker that offers a variety of trading instruments and platforms. The broker is licensed by the National Futures Association (NFA) and uses segregated bank accounts to protect clients' funds. The leverage of up to 400:1 can be both an advantage and a disadvantage for traders, depending on their level of experience. While the spread and commission structure of the original spread account may be attractive to more experienced traders, beginners may prefer the commission-free standard account with wider spreads. The customer service is available 24/7 via email and WhatsApp, but there is limited information on deposit and withdrawal fees.
Overall, Teknos Limited seems like a reliable forex broker with some attractive features for experienced traders, but beginners may want to exercise caution due to the high leverage and limited information on fees.
|Q 1:||Is Teknos Limited regulated？|
|A 1:||Yes. It holds a general registered National Futures Association (NFA) license.|
|Q 2:||At Teknos Limited, are there any regional restrictions for traders？|
|A 2:||Yes. Please note that the information on their website is not directed to residents of any country or jurisdiction that differs from the laws and regulations described on the website.|
|Q 3:||Does Teknos Limited offer the industry-standard MT4 & MT5？|
|A 3:||Yes. It supports MT5.|
|Q 4:||What is the minimum deposit for Teknos Limited？|
|A 4:||The minimum initial deposit to open an account is $1,000.|
|Q 5:||Is Teknos Limited a good broker for beginners？|
|A 5:||No. The minimum deposit of $1,000 is too high for beginners.|
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