TNFX Broker Review

TNFX Ltd (Tiran Forex Limited) is an ECN forex broker holding an FSA license. It serves individual and corporate clients with a full range of trading options and advisory services, aiming to make trading smooth, low-risk and profitable — from opening a new account to withdrawing funds, backed by dedicated customer support. For how it compares with other brokers, see our roundup of the best forex brokers.

TNFX also gives its clients some of the best trading conditions available, with free access to a variety of trading tools and modern software and technology products. It is one of the leading brokers offering MetaTrader 4 and MetaTrader 5.

With steady growth, TNFX has built on its success across the Arab world and internationally, winning the title of Best Broker in the Middle East and North Africa at the Forex Expo Dubai 2021, an event that drew more than 50 forex companies. The company is headquartered in St. Vincent and has branches in Iraq and the United Arab Emirates.

Is TNFX Safe?

Tiran Forex Limited is incorporated in St. Vincent and the Grenadines as an International Business Company, registered under number 25283 in 2019.

It is also registered with the Dubai Department of Economic Development (DED) in the United Arab Emirates under license number 877670, with an office in Al Qulaa Tower, Business Bay, Dubai.

TNFX is also registered with the Ministry of Trade of the Republic of Iraq, with a registered office on the second floor of Armada Tower, opposite Mansour Mall, Mansour, Baghdad, Iraq.

Trading Accounts at TNFX:

TNFX offers a distinct range of account types, each one a tool for trading the financial markets, and each giving traders simple access from anywhere. Here is a breakdown of the account types available:

1. Standard Account: Direct market execution, spreads from 1.0 pips, minimum lot size 0.01, leverage up to 1:400, and a minimum deposit of $300. It can also be opened as a commission-free Islamic account with automated trading available.
2. Fix Account: Direct execution with fixed spreads on pairs and metals from 1.0 pips, minimum lot size 0.01, leverage 1:400, and a minimum deposit of $500. Also available as a commission-free Islamic account with automated trading.
3. Cent Account: Fast, direct execution with spreads from 1.0 pips, minimum lot size 0.01 (0.001 cent lots), no hidden commissions, leverage 1:400, and a minimum deposit of $100. An Islamic account with automated trading is available.
4. Zero Account: Fast, direct execution with spreads from 0.0 pips and a $5 commission per trade, minimum lot size 0.01, leverage 1:400, and a minimum deposit of $500, with automated trading available.
5. VIP Account: Fast, direct execution with spreads from 0.4 pips and no extra commissions, minimum lot size 0.01, leverage 1:100, and a minimum deposit of $100,000. Fully Islamic-compliant, with a dedicated personal account management service.

Investing with TNFX:

TNFX clients get some of the most competitive trading conditions in the forex market. The company’s platform gives traders access to modern trading technology, including direct access to trading platforms and accounts, online deposits and withdrawals, and a live feed for the latest market news. Customer support is available online 24 hours a day, five days a week. TNFX also gives clients a number of additional benefits, including:

• 50% bonus on the first deposit, plus an extra 20% bonus
• Five account types
• Account activation within 24 hours
• Multiple deposit and withdrawal methods
• Customer support available 24/6
• Trading Central analysis
• Autochartist analysis
• Low spreads
• More than 354 tradable instruments
• Economic calendar and news service
• Education and training programs suited to beginners
• Islamic accounts
• MetaTrader 4 and MetaTrader 5 platforms
• PAMM service
• VPS service
• Multiple, varied leverage options
• Negative balance protection

Trading Instruments at TNFX:

TNFX offers its traders a wide range of currency pairs, metals, CFDs and more.

Deposit and Withdrawal Methods at TNFX:

One of TNFX’s standout services is its range of deposit and withdrawal methods, built to process withdrawals and deposits quickly — all handled in under 24 hours with no added commissions. TNFX also gives clients an easy internal transfer service between their accounts. Deposit and withdrawal methods include:

• Zain Cash
• Asia Exchange transfer
• Perfect Money
• Western Union and MoneyGram transfers
• Credit cards
• Local banks

Education at TNFX:

TNFX’s video library covers a large amount of educational material for forex traders of all levels, addressing the needs of traders and investors in the financial markets generally, and forex traders in particular, with the goal of building their knowledge and giving them the essential information they need to trade the markets.

Trading Platforms at TNFX:

TNFX offers trading on the well-known MetaTrader 4 platform, available on desktop, web, and mobile for both Android and iPhone.

It also offers trading on MetaTrader 5, likewise available on desktop, web, and mobile for Android and iPhone.

The company’s systems are designed and kept up to date to suit clients of every category, from account opening procedures to account management, deposits and withdrawals — kept simple and clear for all traders.

Awards Won by TNFX:

1. Best ECN Broker in the Middle East
2. Most Trusted Broker in the Middle East
3. Best Broker in North Africa
4. Best Global ECN Broker for 2021

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FAQ:

Who is TNFX?

Legal entity: TNFX is the trading name of TNFX Ltd, a company registered in Seychelles and licensed as a securities dealer by the Cyprus Financial Services Authority.

Is TNFX a scam?

No, it isn’t. TNFX is an online forex broker offering top MT4 and MT5 currency trading platforms in desktop, web and mobile versions. TNFX.co offers more than 50 forex assets.

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