✔️ Information reviewed and updated in July 2024 by Pedro Martínez González

In this section we will tell you if we consider that the company TENFX is a safe company or an untrustworthy company. Read our full analysis to find out everything!

We analyze the website, observe every detail and examine the main characteristics that are taken into account when choosing a good broker such as the location, the company to which it belongs, its regulation, its reputation...

Below we will show you essential information about TENFX and we will tell you why we came to such a conclusion:

Basic Information

🌐 Websitetenfx.com
🏠 Company* Tenfx Ltd
RegulatoryNot regulated
📧 Email[email protected]
📈 PlataformOwn platform
📌 AddressSan Vicente y las Grenadines
🕑 Website ageWebsite registered on: April 18, 2008
Company typeForex broker, cryptocurrencies, raw materials, stocks, indices, metals and CFDs

Company: TENFX is owned by Tenfx Ltd.

Location: TENFX mentions being located in Vanuatu, a location totally NOT RECOMMENDED. If you decide to trust a company based here you have to know that your money does not have any type of protection, it is very risky, please think twice before trusting this company.

We can already tell you that we are concerned about several characteristics of this company.

What is TENFX?

After having carried out an analysis of the company's website, we can say that TENFX is a broker for currencies, cryptocurrencies, commodities, stocks, indices, metals and CFDs.

Account types

The company does not provide information about having different types of accounts.

Information on the web

Tenfx Website

Here we show you a screenshot of the TENFX website, which is tenfx.com. The capture was made in DECEMBER 2023.

Contact: phone numbers and email

After having performed an analysis of the website:

– We have found the following phone number: +44 7418 356 880 | +44 7418 356 880

– We have found the following email: [email protected]

TENFX Regulation

We have analyzed in depth the current ⚖️ regulatory situation ⚖️ in which this company finds itself and we have reached the following conclusion:

This company mentions being regulated in Vanuatu, this location is used since the regulation of this type of country is practically non-existent. It is almost the same as working with an unregulated broker. That is, if you work with a broker with this type of regulation, unfortunately you are 100% unprotected. Therefore, at the regulatory level, unfortunately TENFX is a completely dangerous and very unsafe broker.

🚫 Final TENFX Rating 🚫

As you can see, we have carried out a detailed and complete analysis of the most important characteristics of TENFX and we have reached the following conclusions about this company:

Location: They mention being located in a VERY UNSAFE location such as Saint Vincent and the Grenadines.

Regulatory:They mention being regulated by a very unserious and, above all, unsafe regulator, such as that of Saint Vincent and the Grandines. There is a clear lack of security at the regulatory level.

Please remember that the company has been reported by different financial regulators (in this case the FCA, the UK regulator). Use EXTREME CAUTION.

After a detailed analysis of TENFX, it is evident that the stated location and regulation raise serious concerns about the security and transparency of this company.

The mention of being located in Saint Vincent and the Grenadines, a location known for its lack of strict regulation and financial security, raises significant red flags.

Furthermore, the claim of being regulated by a non-serious body in the same jurisdiction further increases concerns. The lack of strong regulation and presence in a low security location indicate substantial risk to investors.

Importantly, TENFX has been reported by financial regulators, including the FCA in the United Kingdom. We strongly recommend using extreme caution when considering any interaction with TENFX. Financial security and integrity are essential in the world of investments, and TENFX presents clear risks in these aspects.

Updates

TENFX News:

Date Update – news
November 2023Complaint against TENFX financial regulator FCA

We note that the company already has complaints from financial regulators. Please be very careful!

User Reviews

[democracy id = ”9060 ″]

What is your opinion? We invite you to collaborate with us and vote. You can also leave a comment about your experience with TENFX.

At the end of the review you will find customer comments.


How to Claim Money Scammed by TENFX

If what you want is to know how to claim your capital, if you have been scammed, further down in the FAQ section you can find our advice.

How to Report TENFX

If you feel dissatisfied with the service provided by the company, and for some reason you want to report it, below, in the FAQ section, you can find the best way to report this company.

FAQs

Are there (recommended) alternatives to TENFX?

Yes, of course there are better and safer options! You can see here the brokers we recommend: ranking of the best brokers.

How can I report TENFX?

This depends on where you are, you should go to the financial regulator in your country. Write us a comment on this review and we will help you.

Is TENFX reliable?

No, TENFX is not reliable. After a detailed evaluation, we have identified significant concerns about the location and regulation stated by the company. Being located in Saint Vincent and the Grenadines, a jurisdiction known for its lack of rigorous regulation, coupled with the claim of being regulated by a lame body in the same location, raises serious questions about the security and transparency of TENFX.

How to recover money from TENFX?

If you want to know how to recover your capital, you can see it here. We explain in detail the process of recovering money from a scam company, step by step.

About the Author: Pedro Martinez Gonzalez

I'll tell you a little about myself! I am a financial analyst and economist with a master's degree in finance.
About my studies: I studied at the University of Salamanca for a Degree in Economics and then did a Master's in Finance in Madrid.
Do you want more information? You can read more about me here in my biography.

2 comments on «TENFX: OPINION AND COMMENTS – IS IT A SCAM?»

  1. Carlos Alberto Reply

    This company is a scam. I assure you, I'm still trying to withdraw and I can't, don't do it, you'll thank me later. Greetings.

    • Recommended-brokers.com Reply

      Hello Carlos Alberto, thank you for writing about TENFX. Currently this broker is considered a SCAM.

      If you are a client, do not invest more money, their only objective is to steal from you, they manipulate operations manually and keep the money from the moment it reaches their accounts, it never enters the market, everything is prepared so that they make you lose your money to have the excuse of keeping it.

      If you decide to withdraw and they ask you for a ransom in the form of commissions, taxes, fees, legalizations, etc. Never pay it!, that is the alert, from that moment you have to know that you are a client of a scam broker and even if you pay they will never return it to you.

      To help other users or customers, provide as much information as possible, explain how everything happened, where you saw the advertising, who called you, numbers from which you were dialed, emails and everything that comes to mind.

      If you want to recover your money go to our chat or fill out the form in this link: CLAIM YOUR MONEY

      Greetings.

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