TenPipsFX at a glance
| 🔍 Broker's Name | TENPIPS FOREX |
| 📍 Headquartered | Belize, Atlanta |
| 📅 Year Founded | 2007 |
| ⚖️ Regulating Authorities | Not regulated |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | Not indicated on the website |
| 📒 Demo Account | Yes |
| 🏛 Institutional Accounts | Not indicated on the website |
| 💼 Managed Accounts | Not indicated on the website |
| 📊 Maximum Leverage | 1:100 |
| 💰 Minimum Deposit | $100 |
| 💳 Deposit Options | Credit cards and bank transfers |
| 💳 Withdrawal Options | Credit cards and bank transfers |
| 📱 OS Compatibility | MT4 |
| 📉 Platform Types | Windows, IOS, Android |
| 📈 Tradable assets offered | Forex 11 currency pairs, commodities, stocks, equity indices, and more. |
| 👨💼 Languages supported on Website | English |
| 👥 Customer Support Languages | 11 different languages, but not specified |
| ☎ Customer Service | 24 hours a day/ 7 days a week |
| ⭐ Open an account | 👉 Click Here |
|---|
Min Deposit
USD 100
Regulators
Not Regulated
Trading Platform
MT4
Crypto
No
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Our Ten Pips Forex Review – 17 Key Points Overview
- ☑TenPipsFX at a glance
- ☑TenPipsFX Overview
- ☑TenPipsFX Safety and Security
- TenPipsFX Leverage
- TenPipsFX Market Instruments
- TenPipsFX Fees, Spreads, and Commissions
- TenPipsFX Deposit and Withdrawal
- TenPipsClub.com Trading Strategies
- How to Register with TenPipsClub.com
- TenPipsFX Customer Support
- TenPipsClub.com Education
- TenPipsFX Pros and Cons
- TenPipsFX vs Directa Simpa vs DIF broker – A Comparison Table
- TenPipsFX Customer Reviews
- TenPipsFX Conclusion
- TenPipsFX Disclaimer
- Frequently Asked Questions
TenPipsFX Overview
According to research in South Africa TENPIPSFX is a broker that deals with multiple markets including Forex, commodities, stocks, equity indices, and more. TENPIPSFX is based in Belize with customers mainly from the UK, US, European and Asian markets. Information about the company is scarce.
TenPipsClub.com
TenPipsClub.com is an Atlanta Area Forex Traders Meetup Group that welcomes all traders from beginners to advanced. This Club and Meetup group is about trading currency and various trading systems on the TenPipsFx platforms.
TENPIPSFX targets traders who want an all-in-one solution for the various markets and is in its way a very competitive all-around broker providing an easy-to-use interface and all the tools needed to trade in the forex market.
TenPipsFX Safety and Security
One of the best benchmarks to measure the safety of a broker like TENPIPS FOREX is to establish which regulating authorities are watchdogs over its actions. TenPipsFx is not regulated by a respectable authority, hence traders should be careful not to lose any money.
TenPipsClub.com is also not regulated as it is an educational platform for traders to learn more about the functionalities of trading with TenPipsFx.
TenPipsFX Leverage
On TENPIPSFX accounts a maximum leverage ratio of 1:200 is offered. Leverage is a facility that enables you to get a much larger exposure to the market you are trading than the amount you deposited to open the trade. Leveraged products, such as forex trading, magnify your potential profit and increase your potential loss.
| ⤴ TenPipsFX Maximum Leverage | 1:200 |
| ⭐ Open an account | 👉 Click Here |
|---|
Leverage amount is expressed as a ratio, for instance, 50:1, 100:1, or 500:1. Assuming that you have $1,000 in your trading account and you trade ticket sizes of 500,000 USD/JPY, your leverage will equate to 500:1.
Margin is the amount of collateral to cover any credit risks that may arise during your trading operations. It is expressed as the percentage of position size (e.g. 5% or 1%), and you have to have funds in your trading account to ensure sufficient margin.
For example, on a 1% margin, a position of $1,000,000 will require a deposit of $10,000. The margin level in a trading account needs to be equal to or more than 100% to be able to open new trades, otherwise, your trading account will be fully hedged.
TenPipsFX Market Instruments
TENPIPSFX offers the following below:
▶ Forex
▶ Commodities
▶ Stocks
▶ Equity indices, and more.
The most popular market instruments available from most brokers for trading include:
Forex
Forex trading describes the currency exchange market which refers to the global, decentralized marketplace where individuals, companies, and financial institutions exchange currencies for one another at floating rates.
Commodities
Commodity markets offer many investment opportunities for traders. Soft commodities have been traded for centuries and play a major role in portfolio diversification and risk management. Investing in contract-based tradable goods is a reliable way to mitigate risk during times of economic uncertainty.
Indices
Equity, or stock indices, are actual stock market indexes that measure the value of a specific section of a stock market. They can represent a specific stock market or a specific set of the largest companies in a nation.
Precious metals
The trading of gold and other precious metals, along with crude oil, copper, or petroleum, are hard commodities that play a major role in the commodities market and are contract-based tradable goods.
Energy
The typical feature of energy prices is high volatility due to political and environmental factors, supply and demand, extreme weather conditions, and global economic growth.
TenPipsFX Fees, Spreads, and Commissions
A pip represents the smallest increment that an exchange rate can move. There is no cost for joining the TenPipsClub.com group.
TenPipsFX Trading
Cost depends on different factors, like spread and margins, and TENPIPSFX clients may also experience different fee structures according to their country or place of residence. The spread of a currency pair is the difference between the bid and the asking rate.
Margin is the amount of money required in your account in order to open a position. Margin is calculated based on the current price of the base currency against USD, the size (volume) of the position, and the leverage applied to your trading account. TENPIPSFX claims that it offers competitive spreads and commissions, but no information is available on its website.
Min Deposit
USD 100
Regulators
Not Regulated
Trading Platform
MT4
Crypto
No
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
TenPipsFX Deposit and Withdrawal
TenPipsClub.com does not require a joining fee. Although, when trading on the TenPipsFX platform accounts usually requires a certain minimum initial deposit, which can be paid in several ways. Withdrawals can usually be done in the same ways, but sometimes differ.
| 💳 TenPipsClub.com | No minimum deposit |
| 💳 TenPipsFX | $100 |
| ⭐ Open an account | 👉 Click Here |
|---|
In the case of TENPIPSFX, credit cards and bank transfers can be used to fund accounts or withdraw money and traders can start trading with a minimum deposit of $100 and a 200:1 leverage.
TenPipsClub.com Trading Strategies
TenPipsClub.com holds the following trading strategies. The decision about which platform to choose will usually depend on what a client would like to trade.
▶ Fibonacci
▶ Elliott Wave
TenPipsFX has a multi-asset trading platform is one that allows clients to trade forex as well as other asset classes, available on Windows, IOS, and Andriod. TenPipsClub.com offers training on the use of TenPipsFX trading systems.
How to Register with TenPipsClub.com
To become a member of TenPipsClub.com the following steps will be required:
Step 1 – Navigate to the TenPipsClub.com website
Click “Start” to begin the process of registering to become a member of the Atlanta forex group TenPipsClub.com
Step 2 – TenPipsClub Account Registeration
Register by providing your personal details such as your first and last name, and email.
Provide your phone number, the appropriate time to call, forex experience as well as your stock market experience level.
Step 3 – Read and Accept the Disclaimer
Read the TenPipsClub.com disclaimer by agreeing to the terms and conditions. click “submit” to send the application for approval.
TenPipsFX Customer Support
Potential traders need to make sure the broker company they chose will offer sufficient support whenever they need it. TENPIPSFX claims that it offers 24-hour customer support, and only an email address is provided.
Unlimited email support for detailed trading questions is promised, as well as and they will mentor traders and guide them on their trading journey as long as they become a member of TenPips®Fx. They also can be followed on Twitter @TenpipsForex, @KirtiForex, @TenPipsATL
TenPipsClub.com Education
Before starting to trade, potential clients of TENPIPSFX should avail themselves of all possible information and trading skills needed to be successful in the world of forex and commodity trading. TenPipsClub.com offers a tutorial with a few screenshots, videos as well as a brief explanation of how to use the platform.
Webinars
TenPipsClub.com offers live webinars on Zoom where they explore trading in depth and offer technical explanations on the TenPipsFx platform, trading psychology, trading mindset, best practice, trade reviews, and answer members’ questions.
They also promise to record these webinars to make them available in archives to view and claim that more than two years of archived webinars are available for traders to watch and review.
TenPipsFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Intuitive platform | Website lacks important information |
| Educational videos | $100 minimum deposit |
| TenPipsFX webinars | Not regulated |
| Advanced trading features |
TenPipsFX vs Directa Simpa vs DIF broker - A Comparison Table
| 🥇 TenPipsFX | 🥇 Directa Simpa | 🥇 DIF Broker | |
| 💳 Minimum Deposit | $100 | Not Indicated | EUR 2000 |
| ⤴ Maximum Leverage | 1:200 | Not Indicated | 1:30 |
| 🎉 Rewards Programs | ☑ Yes | ☑ Yes | None |
| 💻 MetaTrader 4 Platform | ☑ Yes | None | None |
| ⭐ Open an account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
|---|
TenPipsFX Customer Reviews
Instant withdrawal
Good platform. Easy deposit and instant withdrawal – Thomas
The TenPipsClub.com is a great platform for learning how to navigate the TenPipsFX website and interacting with people who can assist you on trades, I quite like this. – Eden
Easy to use
I find the TenPipsfx platform best for forex to buy and sell a stock, easy to use, and free for opening an account. – Raj
TenPipsFX Conclusion
Overall, TenPipsClub.com and TenPipsFX website is user-friendly but lacks basic information which only becomes clear after downloading the platform to trade or sign up for the club. Registering and depositing money is easy with credit cards and bank transfers. Services are offered in different languages, although not specified which.
The platform supports various market standards in functionality.
Min Deposit
USD 100
Regulators
Not Regulated
Trading Platform
MT4
Crypto
No
Total Pairs
11
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
TenPipsFX Disclaimer
TenPipsFX and TenPipsClub.com warn potential customers that Forex and CFDs trading always carries a high risk and may not be suitable for all investors. Before deciding to trade with TenPipsFX and TenPipsClub.com, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose.
TenPipsFX and TenPipsClub.com warn that margin trading involves the potential for profit as well as the risk of loss and that movements in the price of foreign exchange and commodities are very unpredictable, hence TenPipsFX nor TenPipsClub.com cannot guarantee a maximum loss that a trader may suffer, according to research in South Africa.
Frequently Asked Questions
What is the overall rating out of 10 for TenPips Forex?
TenPipsFX holds an overall rating of 4/10
Is TenPipsFX regulated?
No, TenPipsFX and TenPipsClub.com are not regulated.
How many instruments can I trade with TenPips Forex?
You can trade several different instruments with TenPips Forex, which include the following:
- Forex,
- commodities,
- stocks,
- equity indices,
- and more
Does TenPipsFX offer leverage?
Yes, TenPipsFX offers maximum leverage of 1:200
Is TenPipsFX is suited for beginners?
Yes, thanks to its attractive education offerings, TenPipsFX is suited for novice traders.
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