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TNFX group includes 2 related companies.
TNFX SVG - legally registered entity located in Saint Vincent and the Grenadines, but not regulated by any government agency.
TNFX SEY - located in the Seychelles, regulated by the Seychelles Financial Services Authority (FSA).
TNFX accepts clients from all over the world, excluding USA, Russia, India, Cuba, Myanmar, North Korea, Iran, Sudan and some other countries where the provision of brokerage services is restricted or prohibited by local law.
Forex broker offers the following underlying assets for trading.
| 50+ Currency Pairs | Based on major and minor world currencies. |
| 20+ Crypto Pairs | Based on various prominent coins and tokens. |
| 13 Indice CFDs | Based on baskets of different blue-chip stocks. |
| 6 Metal CFDs | Based on Gold, Silver, Platinum, Palladium. |
| 3 Energy CFDs | Based on Crude Oil (WTI, Brent) and Natural Gas. |
| 60+ Stock CFDs | Based on shares of highly capitalized US companies. |
TNFX is a Saint Vincent and the Grenadines and Seychelles-based forex & CFD broker that has been operating since 2019. The TNFX group consists of two related entities: TNFX Markets Ltd, registered in Saint Vincent and the Grenadines, and TNFX Ltd, which is authorised and regulated by the Seychelles Financial Services Authority (FSA) under a Securities Dealer licence. The broker also lists a physical office location in Dubai.
The broker's relatively long operating history for an offshore broker, combined with FSA licensing in the Seychelles, gives TNFX a somewhat more established profile than many newer competitors. However, traders should still keep in mind that the Seychelles FSA is not considered a top-tier regulator, and TNFX Markets Ltd in Saint Vincent and the Grenadines is not regulated by any government agency.
The main benefit of trading with TNFX is the wide range of account types, extremely high leverage, and access to more than 100 tradable instruments. The broker offers a minimum deposit of $100, leverage of up to 1:3000 on forex through its Turbo account, and low spreads on its raw-pricing Zero account.
In terms of trading instruments, TNFX offers more than 50 forex pairs, more than 20 crypto pairs, 13 index CFDs, 6 metal CFDs, 3 energy CFDs, and more than 60 US-listed stock CFDs.
TNFX offers five live account types, more than most other brokers we have reviewed here on FX-List:
– Turbo account, with a $100 minimum deposit, leverage of up to 1:3000, no commissions and “tight” spreads.
– Standard account, with a $100 minimum deposit, leverage of up to 1:500, no commissions and spreads from 1 pip.
– Zero account, with a $500 minimum deposit, leverage of up to 1:500, spreads from 0 pips and a commission of $5 per lot.
– VIP account, with a $100,000 minimum deposit, leverage of 1:100, spreads from 0.4 pips and no commissions.
– Cent account, with a $100 minimum deposit, leverage of 1:100, spreads from 1 pip and no commissions.
Swap-free trading (Islamic finance) is available on request across all five account types.
TNFX supports MetaTrader 4 (MT4) and MetaTrader 5 (MT5) on Windows, iOS, and Android, as well as a browser-based web terminal. These are both classic and extremely popular trading platforms in the forex trading community, with many users still relying on them for their huge selection of technical indicators and strategies.
The broker also includes several tools that may appeal to systematic and active traders. These include VPS hosting for Expert Advisors, Autochartist pattern-recognition scanning, a pip and margin calculator, and a range of calculators for margin, profit, and lot sizing. TNFX also offers educational resources such as video tutorials, a trading dictionary, market news, and strategy articles.
TNFX supports more than ten deposit and withdrawal methods, including Neteller, Skrill, PayPal, Visa, Mastercard, bank transfer, and others. Worth noting, however, is that crypto deposits and withdrawals are not supported at the time of writing.
All in all, we believe TNFX could be a reasonable choice for an offshore broker for traders who want MT4 and MT5 access, multiple account types and a broad selection of trading instruments with high leverage. Still, it's important to remember that this is a pure offshore forex broker without any presence in trusted “onshore” jurisdictions. Risk is therefore higher here than with more established and traditional forex brokers, for example in the rare event that the broker goes out of business.
