Tnxtrade is a trade name of Smart Technology Services LTD, which is registered and licensed in the Republic of Marshall Islands (RMI). The tnxtrade.com website has been alive since 2006 expanding its services and developing its network. TNXtrade shows many awards in its website and claims it has been prized over 70 times. The company is headquartered in the Republic of Marshall Islands and has also offices in the UK and Liechtenstein. Clients can trade more than 250 instruments divided into currency pairs, indices, precious metals, energies, shares, and cryptocurrencies through the popular MetaTrader 4 (MT4) terminal. No minimum deposit is required to open an account.
Smart Technology Services LTD is registered and licensed in the Marshall Islands under register number 98668. The company has put the customer safety at its top priority and client funds are kept fully segregated from the company’s own funds.
Conditions are equal for all traders – there are no different types of accounts. Most of the instruments are with floating spreads but major currency pairs are with fixed spreads. Therefore, you can trade EUR/USD with 1.5 pips spread all the time. Although there is no minimum deposit required, TNXTrade recommends starting trading by investing USD500. The initial leverage for currency pairs is 1:200 but you can increase it up to 1:400.
Customer orders are executed without human intervention using the no dealing desk technology (NDD). The company claims to provide deep liquidity and due to the huge volume of orders, the risk it assumes is significantly reduced. If needed, exposure is hedged externally. This means the company acts as a market maker providing non dealing desk execution. According to the statistics shown in the tnxtrade.com website, 82% of all orders are filled without slippage and 9% are even filled with positive slippage. TNXTrade warns that the client balance may become negative due to rapid market movements, so be careful – you are not covered by the Negative Balance Protection policy.
A wide range of payment options are available including Bank Transfer, Credit/Debit cards and E-Wallets. In addition, the company offers its own wallet called TNXTrade Wallet and you can 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. 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. The minimum withdrawal amount is USD100, and the maximum is USD50,000 per day. Deposits and withdrawals are processed within one business day.
One of the most reliable trading platforms is provided by TNXTrade – MetaTrader 4 (MT4). MetaTrader 4 is the most popular charting and analysis software in use by traders of all levels. MT4 has all the charting and analysis capability that any trader needs combined with fast order execution directly from the chart. 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.
You can trade 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. In addition, you can trade 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. Commodities include CFDs on 7 precious metals including Gold, Silver and Platinum, and energies like Crude Oil, Brent Oil and Natural Gas. CFDs on more than 150 shares of global companies are available for trading as well. The average spread of the Apple share is USD0.61. Fans of cryptocurrencies can trade CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. The average spread for Bitcoin is USD150.
TNXTrade servers are in the newest Equinix data centers in London and Amsterdam. The latest technologies allow it to decrease the average execution time below 11 milliseconds.