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TNXTrade Review in short


The website is owned by Smart Technology Services LTD, which is incorporated in the Republic of Marshall Islands (RMI) and regulated by the local banking regulator. TNXtrade has been in the forex industry since 2006 and has since regularly introduced new services, developed its global office network, and increased customer potential, the company said. TNXtrade calls itself the world’s number one broker, citing its international awards. It has been awarded more than 70 times, the company claims. Awards include “Best Forex Trading Platform” in 2019 and “Best FX Provider” in 2020, the website informs. TNXTrade currently serves 173 countries globally having offices in the UK, Liechtenstein, and the Republic of Marshall Islands. It provides clients with access to top-tier liquidity and no dealing desk (NDD) order execution. Clients can trade more than 250 instruments as currency pairs, indices, precious metals, energies, and cryptocurrencies through the popular MetaTrader 4 (MT4) terminal. The company does not require a minimum deposit amount, but it recommends starting with at least USD/GBP/EUR/CHF500.



The website is owned by Smart Technology Services LTD, which is registered in the Marshall Islands under register number 98668 and is regulated in accordance with Marshall Islands Business Corporation Act. This license allows the company to conduct financial services such as reception and transmission of orders and execution of orders on behalf of clients. The company has established the highest standards of safety and client funds are kept in major international banks, fully segregated from the company’s own funds. The capital of the TNXtrade is 1 million euros, the company claims.


Account Types


There is one type of live account with equal conditions for all categories of traders. Instruments are quoted with floating and fixed spreads. Major currency pairs have fixed spreads and the one for the EUR/USD pair is 1.5 pips. The average order execution time is less than 11 milliseconds. The minimum recommended deposit is USD500, and the leverage can be up to 1:400. The default value is 1:200 and you can change it by sending a request from your account dashboard. The company serves more than 1 million client accounts, it says.


How the Company Executes Client Orders

TNXTrade defines itself as a brokerage company that provides no dealing desk execution (NDD) due to the deep liquidity and always best available bid and ask prices offered. The company executes huge volumes of client orders and most of them are internally matched, which allows it to minimize the risk. All non-hedged positions make an exposure that the risk management department constantly monitors and may hedge some or all of them externally.

TNXTrade explains that it does not use the Straight Through Processing (STP) model to execute orders. According to the company, the STP model is a ” post-execution, post-trade communication process between executing counterparties with minimal impact on the speed or price of execution that a retail trader is offered”. Therefore, TNXTrade does not define itself as an STP brokerage, although it uses similar technologies.

On the other hand, TNXTrade does not define itself as an ECN brokerage either. ECN stands for Electronic Communication Network and refers to the anonymous communication between executing counterparties which may, in fact, result in no guaranteed fills and worse pricing for the retail trader, the company claims.

This means the company acts as a market maker providing non dealing desk execution. According to the statistics shown in the website, 82% of all orders are filled without slippage and 9% are filled with positive slippage.

The Documentation section shows that the client balance may become negative due to position liquidation and unpaid leverage financing fees. In such a case, the unpaid negative balance is due by the client to TNXTrade, which means the company does not apply the Negative Balance Protection policy.




Only the usual fees, such as spreads and rollovers, are applicable here. There is no inactivity fee, so you can trade on a schedule convenient for you and all trades are commission free.


Deposits and Withdrawals

Customers can use a wide range of flexible payment options including Bank Transfer, Credit/Debit cards and E-Wallets. The company provides its own wallet called TNXTrade Wallet and you can easily transfer funds between your TNXTrade Wallet and trading accounts at any time you would like. The currencies accepted for depositing are EUR, USD, GBP, CHF, JPY, PLN, and AUD. TNXTrade does not charge for bank wire transactions. However, the sending and correspondent banks may charge according to their own fee structure. Bank transfers can take up to 5 business days while card deposits are done within 10 minutes. The minimum deposit amount by card is USD100 and the maximum amount is USD10,000.

Withdrawal of the funds can be carried out only in the same way and in the same currency, which has been used for topping up. The minimum withdrawal amount is USD100, and the maximum is USD50,000 per day.

Deposits and withdrawals are processed within one business day.

Trading Platforms


TNXTrade provides clients with one of the industry’s most reputable and award-winning trading terminals – MetaTrader 4 (MT4). MT4 has been developed to provide traders with easy access to the most dynamic financial markets. It is simple enough even for novice traders. MT4 offers a unique combination of accessibility and advanced features. Professional charts, many drawing objects and a set of asset classes are available at the same time. You can use a variety of custom indicators. MT4 also offers a comprehensive suite of tools for technical analysis. The MT4 platform is available as a desktop version for Windows machines, as well as a mobile app for Android and iOS devices. In addition, you can use it directly from your browser, without having to install anything.




Forex – You have access to more than 70 major, minor, and exotic currency pairs. The major pairs have fixed spread and the one for the EUR/USD pair is 1.5 pips and the one for the GBP/USD pair is 1.7 pips.

Indices – You can trade CFDs on 20 of the major indices globally, such as DAX30, DJIA and ASX200. The average spread for the DAX30 is 2.4 points and the one for the DJIA is 2.1 points.

Metals – CFDs on 7 precious metals and are available for trading, including Gold, Silver and Platinum. The average spread for the Gold is USD0.26 and the one for the Silver is USD0.026.

Energies – Crude Oil, Brent Oil and Natural Gas are available as CFDs for trading. The average spread for Crude Oil is USD0.044.

Shares – CFDs on more than 150 shares of global companies are available for trading. The average spread of the Apple share is USD0.61.

Cryptocurrencies – You can trade CFDs on 5 cryptocurrencies including Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. The average spread for Bitcoin is USD150.


Data Centre


TNXTrade uses the newest Equinix data centers LD5 in London and Amsterdam, which allows it to choose from leading liquidity providers to create customized liquidity pools that meet trader’s unique needs, the company claims. The average execution time is below 11 milliseconds.


Tools Section


The Tools section provides an up-to-date Economic calendar that can assist you in making more informed trading decisions. You can use the most important economic events to create a trading strategy, knowing that market volatility will be higher at that time.



TNXTrade has a RMI regulation, which allows it to provide financial services globally. It uses the modern non dealing desk (NDD) technology to execute client orders. The company provides a wide range of trading instruments via the popular MT4 platform. There is only one type of real account for all customers with particularly good conditions, narrow spreads, and no commission. No minimum deposit is required, but the company recommends investing at least USD500.


  1. I started with this company with fear, but later i was relaxed. So many bad things happening and i was fortunate to join them. I have with them small account size but treated me like i had so much money in my trading account. because of their services, i also introduced my friends and we have all tested withdrawal except one of my friend who newly started and nothing more. For me, they are safe and good.

  2. Great company, I have been working with them for a few months results are outstanding, service is top level, the education that they provide is top-notch.Also something that they include in the service experience is they prepare and explain to you what a proper Risk-Management looks like.

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