Tenx Prime Review: An In-Depth Look At Tenx Prime’s Features and More

Welcome to our review of TenX Prime, a brokerage company offering a wide range of financial services. In this article, we will explore the legitimacy of this interesting broker. 

Let’s explore its trading assets, platforms, bonuses, fees, educational resources, and customer service. By analyzing real trader reviews, we aim to provide you with a clear understanding of what TenX Prime has to offer. Whether you are a seasoned trader or just starting, this TenX Prime review will help you make an informed decision about this firm. Let’s dive in!

Tenx Prime Legitimacy: Disclosing the Facts

The company was founded in early 2020 and claims to be a broker incorporated in Saint Vincent and the Grenadines. Yet, it’s important to note that the website is operated by TenX Prime Ltd, not TenX Prime Pty Ltd. The company is registered with St. Vincent & The Grenadines Financial Services Authority (SVGFSA) under 26449 BC 2021. 

We must note that the SVGFSA does not regulate forex brokers. So, all of that raises questions about TenX Prime’s regulatory status.

Currently, TenX Prime is regulated by the ASIC under AFS Authorised Representative No.001300934. They are also regulated by the Financial Sector Conduct Authority (FSCA) with registration number 2021/906851/07. Yet, it’s worth mentioning that the FSCA’s regulatory status for TenX Prime is “Exceeded”. It indicates potential non-compliance with certain regulations. 

Moreover, their Trustpilot score is very low. Many traders have complained about unethical and deceitful activities at TenX Prime and Tradercr. Before entering into financial transactions, traders must stay informed of the latest regulatory reports.

TenX Prime Trading Assets: Diverse Opportunities for Traders

TenX Prime provides a diverse range of trading instruments. Traders can access 35 currency pairs, gold and silver, three energies, and 30 cryptocurrencies. 

The platform offers TenX Standard accounts, allowing 24/7 cryptocurrency trading with no requotes. With TenX Prime, traders gain access to a professional trading environment and a range of CFD asset classes. That enables them to maximize profits through strategic trading.

TenX Prime Trading Platform: MetaTrader 4 Power

TenX Prime offers the widely acclaimed MetaTrader 4 platform, a favorite among traders since its launch in 2006. Despite the introduction of MetaTrader 5, MT4 remains the most popular platform. 

It is due to its powerful trading tools, indicators, and charting capabilities. MetaTrader 4 supports Expert Advisors, VPS services, and custom bots and indicators.

The platform is suitable for traders of all experience levels, offering many accounts, signals, and more. TenX Prime MT4 provides seamless trading experiences for its clients.

Trading at TenX Prime: Account Types and Specifications

TenX Prime offers one live trading account type, the TenX MT4 Standard account. They offer that one, along with demo accounts for trading practice. Opening a TenX MT4 account requires a minimum deposit of $25. 

Moreover, the TenX Prime platform supports a wide range of trading instruments, including currencies, gold, silver, energies, and cryptocurrencies.

Leverage varies depending on the asset class, with ratios of 1:500 for FX, 1:200 for metals, 1:100 for energies, and 1:25 for crypto. More on this later on! 

Execution speed is under 0.1 second, offering traders 5-digit precision. TenX Prime broker operates with USD as the deposit currency and enforces a margin call/stop-out level of 25%/15%, respectively.

Leverage: What Traders Need to Know

Leverage serves as a cornerstone in forex trading. It grants traders the ability to wield substantial positions with a modest investment. 

At TenX Prime, traders have access to a diverse range of leverage ratios. They go from 1:25 for cryptocurrencies to an impressive 1:500 for currency pairs. While leverage magnifies profits, it also increases loss potential. To navigate the leverage domain, traders must tread carefully. They truly need to implement sound risk management strategies to fortify their capital.

TenX Prime App

TenX Prime offers a mobile trading app. This one enables traders to access the markets on their smartphones or tablets. 

What’s more, the app provides trading on the go, allowing users to stay updated with all market movements. Traders can also execute trades easily.

Demo Account: Practice Before You Trade

For traders looking to sharpen their candlestick knowledge skills without risking real funds, TenX Prime offers demo accounts. 

These accounts simulate real market conditions, helping users to practice and develop trading strategies in a risk-free environment. To access the account, simply navigate to their website and use your TenX Prime login credentials.

Special Bonuses for Traders

TenX Prime extends a special 50% Deposit Bonus promotion to its customers. This promotion, available to verified clients, provides trading credit rather than actual funds. 

To qualify for this enticing bonus, traders need to fulfill specific criteria. The maximum redemption value stands at USD 2,500.

Automate Your Trading Strategies

TenX Prime offers an auto-trading feature that allows traders to automate trading strategies. They can do that using Expert Advisors (EAs). EAs can analyze the markets and execute trades on behalf of the trader, even when their PC is not on.

Note: TenX Prime offers swap-free trading. It eliminates overnight interest charges on positions held beyond a day. 

TenX Prime’s Educational Offerings

As you delve into TenX Prime’s website, you may notice that educational resources and community support are somewhat limited. But don’t worry! TenX Prime boasts a dedicated customer support team that is always available to address any questions and offer ample assistance. 

Are you seeking valuable trading insights or need guidance on using their platform effectively? In any case, the support team is ready to ensure your trading journey is both smooth and informed. While the website may not be overflowing with educational materials, rest assured that support will empower TenX Prime traders to access the knowledge they need.

Stop Loss: A Risk Management Tool

Stop loss is a vital risk management tool used by traders to limit potential losses on a trade. By setting a stop loss, traders specify the maximum amount they are willing to lose in a particular position. 

This helps traders to avoid large losses due to market volatility or unexpected events. Setting a stop loss also helps traders to focus on their trade without worrying about the potential losses that could occur if the market moves against them.

TenX Prime Withdrawal and Deposit

TenX Prime offers convenient deposit and withdrawal methods. Notably, the TenX Prime deposit methods are instant bank transfer, wire transfer, Bitcoin, and VISA. There are no minimum deposit or withdrawal amounts, and the process is smooth and fee-free. 

All transactions are secure and encrypted, by all means. Keep that in mind. 

Customer Support: Prioritizing Client Satisfaction

TenX Prime places significant emphasis on customer support, as we already mentioned before. Traders can contact the support team via email at [email protected] or by phone at +61731033723. The support team is available to address any concerns and provide prompt help. 

The support team is also available on social media sites, such as Twitter and Meta. Traders can expect a quick response and resolution to their issues, for sure. TenX Prime takes customer satisfaction seriously and works hard to ensure all traders have the best experience.

Traders’ Reviews: An Insightful Glimpse

Real trader reviews provide valuable insights into TenX Prime’s performance. Trustpilot scores reflect a mixture of opinions, with 64% of reviews having a one-star rating and 7% having five stars. The overall score is 2.2. 

This indicates that most customers have had negative experiences with TenX Prime. Some reviews mention slow support, lack of transparency, and poor customer service. It is imperative to read reviews before choosing a broker. 

Avoid brokers with low Trustpilot scores like TradeSmart1. It has been flagged as a suspicious broker, with numerous reports of questionable business practices.

Long Story Short: TenX Prime

TenX Prime offers a diverse range of trading assets. They leverage MetaTrader 4 to provide an efficient trading experience. Traders can enjoy the platform’s features, including leverage options and auto-trading capabilities. 

The broker emphasizes customer satisfaction, with convenient withdrawal methods. But, traders must think about the suspicious claims when deciding. Proper risk management and thorough research are essential for successful TenX Prime trading. 

Please make sure that you avoid unlicensed brokerages like TradersDomain and others. Want a reliable broker on your side? Contact us, and we’ll provide you with the most suitable brokers for your specific needs. We have a team of professionals who understand the market and are experienced in finding brokers that meet your requirements.

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