TenX

General Information

Founded in early 2020, TenX is allegedly a broker incorporated in Saint Vincent and the Grenadines that provides its clients with the worlds most popular MetaTrader4 trading platform, leverage up to 1:500, low spreads and no commissions on various tradable assets and 24×7 live chat customer support service.

Market Instruments

TenX advertises that it offers a variety of trading instruments in financial markets, including forex, CFDs on indices, commodities and cryptocurrencies.

Account Types

There is only one live trading account type offered by TenX, apart from demo accounts, namely TenX MT4. Opening a TenX MT4 account requires the minimum initial deposit amount of only $25.

Leverage

TenX provides dynamic leverage ranging from 1:100 to 1:500. For traders who deposit more than $5,000, they can experience the maximum leverage ratio as high as 1:500, while the traders with a deposit amount of over $10,000 will enjoy the leverage up to 1:200, and the traders depositing $20,000+ with the leverage of 1:100. Bear in mind that leverage can magnify gains as well as losses, inexperienced traders are not advised to use too high leverage.

Spreads & Commissions

TenX reveals that the spreads in the TenX MT4 account start from 0.1 pips. All charging no commissions.

Trading Platform Available

When it comes to trading platforms available,TenX gives traders the worlds most widely-used MetaTrader4 platform. There are three different versions: MT4 Desktop, MT4 Mobile and MT4 Web. MT4 is known as one of the most successful, efficient, and competent forex trading software, featuring automatic monitoring, advanced charts and live analysis. While with MT4 Mobile, trading can be done from anywhere and at any time through the right mobile terminals such as Android and Apple iOS devices.

Deposit & Withdrawal

TenX accepts deposits and withdrawals via Bank Transfer, Credit Card, Wire and cryptocurrencies like USDT and BTC. There are many banks to choice: RBS, BARCLAYS, CITI, SAXO BANK, UBSCREDIT, SUISSE and NOMURA. The minimum deposit amount is $25. It also charges some fees based on deposit and withdrawal rates. Also, your bank may charge a transfer fee. Please note that any bank transfers made to TenX must be made from a bank account registered in the clients full name, otherwise your funds may be returned to the source. As for the processing time of deposits or withdrawals, it varies depending on different payment methods. Generally, Bank Transfer, Credit Card and cryptocurrencies can process requests instantly, while Wire takes up to 5 days.

Customer Support

TenX‘s customer support can be reached through email: support@tenxprime.com or send messages online to get in touch. However, this broker doesn’t disclose other more direct contact information like telephone numbers or company address while most brokers offer.