TNFX (Tiran Forex)

TNFX offers a variety of trading accounts, making it an attractive choice for traders of different experience levels. However, its range of financial instruments may not be sufficient for experienced market participants due to the limited number of assets available. For example, TNFX offers only three cryptocurrencies and a limited selection of commodities such as oil, gas and precious metals.

When it comes to currency trading, TNFX is competitive, offering more than 50 currency pairs with leverage up to 1:400. The broker uses time-tested MetaTrader trading platforms that support Trading Central and AutoChartist analysis tools, allow the use of automated trading advisors and provide VPS hosting for 24/7 operation.

Although TNFX is headquartered in Iraq, the company is actively expanding its presence outside the Middle East, offering services to the global community of traders and maintaining US dollar accounts. All communication is in English, making it accessible to international clients, although the company’s website still needs to be finalized to fully adapt to foreign users.

TNFX clients have the opportunity to trade both with their own funds and with the use of high leverage. The broker provides various types of accounts, the commissions on which depend on the class of traded assets and the size of the deposit made by the trader. Deposits are usually made within 24 hours, but some payment systems, such as Perfect Money, allow for instant deposits. TNFX does not charge any fees for deposits and withdrawals.

• Trading platform

  MetaTrader 4, MetaTrader 5

• Accounts

  Demo, Cent, Standard, Fix, Zero, VIP, PAMM, Islamic (Swap Free)

• Account currency

  USD

• Deposit/withdrawal

  Visa, Mastercard, Bank Wire, Perfect Money, Zain Cash, AsiaHawala, Al Taif, USDT

• Minimum deposit

  100 USD

• Leverage

  Up to 1:400

• PAMM accounts

  yes

• Minimum order

  0,01

• Spread

  1 point (Standard, Cent, Fix), 0.4 points (VIP), 0 points (Zero)

• Instruments

  Currency Pairs, Options, CFDs

• Margin call / Stop out

  100%/20%

• Liquidity provider

  Major banks and forex market participants of all levels

• Mobile trading

  yes

• Affiliate program

  yes

• Order execution

  Direct Market Execution

• Trading features

  Autotrading by signals and with the help of Expert Advisors is allowed

• Contests and bonuses

  yes

Analytical data shows that TNFX broker does not charge non-trading fees for deposits and withdrawals. Trading fees fluctuate depending on the selected account type. Cent and Standard accounts have floating spreads starting from 1 pip, while VIP accounts have spreads starting from 0.4 pip. Fix Accounts have fixed spreads starting from 1 pip. Specially on Zero accounts the spreads on EURUSD and USDJPY currency pairs are zero, but a commission of $5 per lot is charged. On other account types, trading fees are already included in the spread, and a separate commission per lot is not charged. In addition, a Swap commission is charged for leaving an open position overnight.

TNFX is headquartered in Baghdad, but has branches in various cities in Iraq, as well as in the UAE, Turkey, St. Vincent and the Grenadines and Seychelles. As an ECN broker, TNFX utilizes a direct order processing (STP) model, providing clients with instant trade execution at the best available prices. The broker offers a wide range of accounts, including Islamic Swap Free accounts, customized to suit different trading strategies and styles.

In numbers about TNFX:

• The broker has been successfully operating in the field of securities and Forex for more than three years.
• It is represented in five countries.
• Has over 100,000 followers on Instagram and 320,000 on Facebook.
• Provides leverage up to 1:400 and offers six types of trading accounts.

TNFX provides access to the interbank forex market, including major and minor global currencies. Clients can trade 350 financial instruments, including 50 currency pairs, popular indices, stocks, commodities and metals in CFD format, as well as a limited selection of cryptocurrency pairs BTCUSD, ETHUSD and LTCUSD. The broker also offers dynamic leverage up to 1:400 for retail traders and up to 1:100 for experienced traders with large deposits.

TNFX offers MetaTrader platforms for trading. Clients have access to mobile versions for Android and iOS, desktop versions for Windows, as well as Web Terminal, which does not require installation on the device.

Additional TNFX services:

• Economic calendar for fundamental market analysis.
• AutoChartist, a customizable technical analysis tool to help identify trading opportunities.
• Daily technical analysis from Trading Central for Forex, cryptocurrencies, indices, commodities and metals.
• VPS for MetaTrader 4/5, providing 24/7 operation of automated Expert Advisors, with tariffs from $20.99 to $49.99 per month.

TNFX broker has a wide range of trading accounts available for opening through the MetaTrader 4 and MetaTrader 5 trading platforms. VIP accounts offer the lowest commissions and require the largest deposit, with a maximum leverage of 1:100. For all other account types, leverage can be as high as 1:400.

Types of Accounts:

• Cent: Initial cent account with a minimum deposit of $100.
• Standard: Standard account with floating spreads and no commission per lot. The minimum amount of the first deposit is $300.
• Fix: Account with fixed spreads and no commission per lot. The minimum deposit is $500.
• Zero: Account for experienced traders with minimum floating spreads and commission of $5 per lot. The minimum deposit is $500.
• VIP: Premium account for professionals with very tight spreads and no commission per lot. The minimum deposit is $100,000.
• Swap Free: Swap free account for traders who follow Islamic financial principles. The terms are similar to the selected account with an additional small commission per transaction.

Traders can familiarize themselves with the broker’s working conditions using a demo account, which is available on both MT4 and MT5 platforms.

Bonuses from TNFX:

• Deposit Bonus: New clients who open a Standard account and deposit $100 will receive a 20% deposit bonus. The maximum bonus amount is $5000, valid for three months and intended for trading only.
• Birthday Bonus: Traders with a Standard account whose trading volume reaches a minimum of 1 standard lot in metals and currencies receive an annual $100 birthday bonus.

TNFX, as an ECN broker, offers an environment suitable for traders of all faiths, experience and financial capabilities, providing efficient access to the global FX and CFD markets.

To create a Personal Trader’s Cabinet on the TNFX website, follow these steps:

1. Start registration: On the main page of the site, click “Open Live Account”.
2. Registration form: Fill in the form that appears, select the account type “Individual” and specify your first name, last name, e-mail, phone number. Create a password for access, accept the terms of use and enter CAPTCHA for confirmation.
3. Phone Confirmation: Enter the one-time password (OTP) sent to the phone number you provided to confirm it.
4. Email Confirmation: Confirm your email using the OTP code or follow the link in the email you received from TNFX. You will then be able to log in to your My Account using your email address and password.
5. Beginning of trade:
   • Opening a trading account: Select the trading terminal, account type and leverage.
   • Making a deposit: Before making a deposit, you must be verified by submitting scans of your identity documents.

The functionality of myAlpari includes:

• Financial transactions: Deposit funds, request withdrawals, transfer funds between accounts within the same account.
• Transaction History: View details of all completed transactions.
• PAMM Investments: Ability to select a manager and track the profitability of his trading.
• Economic Calendar: Access to key fundamental data and daily analysis from Trading Central.
• AutoChartist: Utilize tools for technical analysis.
• Support: Formation of tickets to contact technical support.
• VPS server: Payment for renting a virtual private server to improve the quality of trading.