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No valid regulatory information, please be aware of the risk!
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.
General Information & Regulation
|Market Instrument||forex, indexes, stocks, cryptocurrencies, metals and commodities|
|Account Type||Argenti, Aurum and Diamond|
|Spread||Argenti: from 0.8 pips | Aurum: from 0.5 pips | Diamond: from 0.0 pips|
|Commission||$3-$10 per lot|
|Trading Platform||MT5 for Desktop, Mobile and Webtrader|
|Deposit & Withdrawal Method||N/A|
TenorisFx presents itself as a forex & CFDs provider registered in China that claims to provide its clients with various tradable financial instruments with leverage up to 1:100 and variable spreads from 0.0 pips on the MT5 trading platforms via 3 different live account types, as well as 24/7 live chat customer support service. Here is the home page of this brokers official site:
As for regulation, it has been verified that TenorisFx currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.21/10. Please be aware of the risk.
TenorisFx advertises that it offers access to 1,000+ markets, which include forex, indexes, stocks, cryptocurrencies, metals and commodities.
TenorisFx claims to offer three types of trading accounts - Argenti, Aurum and Diamond, with minimum initial deposit requirements of $100, $1,500 and $5,000 respectively.
The maximum leverage provided by TenorisFx is capped at 1:100. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads & Commissions
All spreads with TenorisFx are a floating type and scaled with the accounts offered. For example, the spread starts from 0.8 pips on the Argenti account, from 0.5 pips on the Aurum account and 0.0 pips on the Diamond account. As for the commission, the broker says that the commission for the lottery goes from $3 for each lot opened and goes up to $10 depending on the type of account you have.
Trading Platform Available
The platform available for trading at TenorisFx is one of the most notable and preferred trading platforms the market offers - MT5 for Desktop, Mobile and Webtrader. This trading terminal is highly praised by traders and brokers alike due to its ease of use and great functionality. The MT5 offers top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The minimum initial deposit requirement with TenorisFx is said to be $100. However, it says nothing about the acceptable payment methods directly.
TenorisFx claims to offer a 15% deposit bonus. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
TenorisFx‘s customer support can be reached 8 am to 6 pm, Monday to Friday by email: email@example.com or live chat. However, this broker doesn’t disclose other more direct contact information like telephone numbers or the company address that most transparent brokers offer.
Pros & Cons
|• Multiple instruments and account types offered||• No regulation|
|• Variable spreads from 0.0 pips||• Commission charged|
|• MT5 supported||• Information on payment methods is missing|
Frequently Asked Questions (FAQs)
|Q 1:||Is TenorisFx regulated？|
|A 1:||No. It has been verified that TenorisFx currently has no valid regulation.|
|Q 2:||Does TenorisFx offer the industry-standard MT4 & MT5？|
|A 2:||Yes. TenorisFx offers the MT5 for Desktop, Mobile and Webtrader.|
|Q 3:||What is the minimum deposit for TenorisFx？|
|A 3:||The minimum initial deposit to open an Argenti account is $100, while $1,500 is for the Aurum account and $5,000 for the Diamond account.|
|Q 4:||Does TenorisFx charge a fee？|
|A 4:||Like every forex broker, TenorisFx charges a fee when you trade - either in the form of a commission fee or spread fee. While the information on the deposit and withdrawal fees is missing.|
|Q 5:||Is TenorisFx a good broker for beginners？|
|A 5:||No. TenorisFx is not a good choice for beginners. Although it offers the MT5 trading platform, the lack of legitimate regulation is an unchangeable truth.|
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