TNFX (Tiran Forex) Review 2023 from qocsuing's blog

TNFX (Tiran Forex) Review 2023

TNFX is a brokerage company with offices in the Middle East countries, St. Vincent and the Grenadines and Seychelles, providing services all across the world. Established in 2019, the broker provides access to trading currencies, stock indices, stocks and commodities as CFDs, including with leverage. The operation of TNFX is regulated by several financial commissions. Large banks and professional market players provide liquidity. At Forex Expo Dubai 2022, TNFX was recognized as the Best ECN Broker in the Middle East.To get more news about tnfx review, you can visit wikifx.com official website.

I am not sure yet whether I’ll stay with this broker for long, as I’ve only been trading with it for several months. There are both pros and cons. TNFX has more advantages, but the disadvantages should also be mentioned. Selection of assets is the first one. For example, there is a very small number of commodities. As far as I’ve understood, the broker focuses on Forex traders. I also didn’t like that customer support is not available on weekends. As for the rest, I am totally satisfied with TNFX. The trades are executed quickly, the leverage is high and the broker does not violate its obligations. I haven’t withdrawn money yet. I will decide whether to switch to a cent or standard account once my first withdrawal request is processed.
In the three months of trading with TNFX, I haven’t noticed any big drawbacks. Well, the one thing is that the deposits are credited within a day, not instantly like with other brokers. Maybe, the processing time depends on the payment methods. I used a bank transfer, because not so many options are available for my country: Perfect Money is the only international payment system available and also debit/credit cards. I like trading conditions. The spreads are not high, the choice of currency pairs is good and the execution speed isn’t bad either. Trading Central data is provided for free and VPS server fee is reasonable. TNFX may not be the best broker in the world, but it certainly deserves attention.
I have zero trading experience, so I was looking for a broker with demo and cent accounts. The conditions of TNFX got me interested. Firstly, the spreads are low, and you also don’t need too much money to start. I trade on my own and also invested in PAMM. Unfortunately, it is not possible to view the trades of the managers, only profit and loss on them. I’ve come to realize that I should have chosen copy trading, because then I can earn passive income, but also learn on trades of other traders. I think I will definitely try this investment option as well, but first I need to test withdrawal.
The TNFX broker offers a wide choice of trading accounts, which makes it suitable for traders with different trading experience. At the same time, the choice of financial instruments may not be satisfactory for professional market players, as the number of assets of certain classes is somewhat limited. For example, TNFX supports trading of only three cryptocurrencies, and oil, gas and precious metals are the only available commodities.

However, in terms of trading currencies, TNFX can compete with many popular Forex brokers. The broker offers access to trading more than 50 currency pairs with leverage up to 1:400. As for the software, classic MetaTrader trading platforms with support of Trading Central charts and AutoChartist are available. TNFX allows traders to use expert advisors and offers dedicated VPS hosting for their stable operation 24/7.

Despite the fact that the headquarters of TNFX is located in Iraq, the broker works with traders from all around the world, not just the Middle East countries. TNFX aspires to become an international broker, which is why it uses the U.S. dollar as the account currency. Also, the service is provided in English, not just Arabic and Kurdish. The broker’s website hasn’t been fully adapted to foreign clients yet, but the company is actively working on it.
There are several ways TNFX clients can earn passive income. The broker allows traders to copy trades of MQL5.community members, or, conversely, provide signals to other traders at a small fee. Traders can also invest in PAMM accounts of experienced managers and use EAs for algorithmic trading. Partnership program rewards are available only to institutional clients.