TNFX Fees, Spreads, and, Commission

TNFX Fees, Spreads, and Commission

Overall, trading with TNFX will involve fees from R 1800 ZAR, spreads from 0.0 pips, and commission-free trading depending on the TNFX account traders select. A Minimum Deposit of R1800 ZAR is required to Open a TNFX Account in South Africa.  TNFX has a trust score of 3.5 out of 5.

Overall Rating

3.5/5

Rated #315 of
Recommended FX Brokers

Minimum Deposit

USD 100

Regulators

Financial Services Authority (FSA) Seychelles

📱 Trading Desk

MetaTrader 4, MetaTrader 5

₿ Crypto

Yes

Islamic Account

Yes

 Trading Fees

Low

🕒 Account Activation Time

24 Hours

🏛️ Visit Broker

TNFX

Open a Real Account

TNFX Fees, Spreads, and Commission – 10 Key Point Quick Overview

1. TNFX Overview
2. TNFX Regulation and Safety of Funds
3. TNFX Minimum Deposit
4. How to open a TNFX Account – A Step-by-Step Guide
5. TNFX Fees, Spreads, and Commissions
6. TNFX Deposits and Withdrawals
7. TNFX Customer Reviews
8. Pros and Cons
9. In Conclusion
10. Frequently Asked Questions

TNFX Overview

TNFX is a Seychelles Registered company authorized as a Securities Dealer by the Financial Services Authority (FSA) of Seychelles. TNFX offers access to:

• ✅ Fast Order Execution
• ✅ Leverage of Up to 400:1
• ✅ Multiple Trading Account Options
• ✅ Various Methods of Withdrawals
• ✅ Excellent Customer Support

and much, MUCH more!  TNFX prides itself on a high level of customer service and support.

TNFX Regulation and Safety of Funds

TNFX considers the protection of client funds very seriously. TNFX is not presently regulated by the Financial Sector Conduct Authority (FSCA), in Seychelles, it is regulated by the FSA.

TNFX Global Regulations

TNFX Protection of Client Funds

TNFX Security While Trading

TNFX has put multiple safeguards in place to secure customer funds, including segregated accounts and it provides SSL security to secure data during transmission. Furthermore, negative balance protection prevents customers from losing more money than they have deposited.

TNFX Minimum Deposit

The minimum deposit required to open a TNFX Account is $100 USD / R1800 ZAR.  TNFX provides 5 different live trading accounts, Standard, Fix, Cent, Zero, and VIP.

How to open a TNFX Account – A Step-by-Step Guide

To register an account with TNFX,  traders can follow these easy steps:

1. Step 1: Visit the TNFX Webpage and on the homepage, click the Open Live Account button.

2.  Step 2: Complete the Online Registration form that appears by selecting Individual and entering your first name, last name, email address, and phone number. Establish a password, agree to the Terms & Conditions, and complete the CAPTCHA.

TNFX Fees, Spreads, and Commissions

TNFX Spreads

TNFX uses variable spreads that vary according to market conditions. Here are some spreads for various trading instruments and TNFX account types:

Commissions

• Commission-free trading is available on the Standard, Fix, Cent, and VIP Accounts. On the Zero Account, however, a $5 fee per standard lot is levied for each trade.

Overnight Fees, Rollovers, or Swaps

• The overnight fees imposed by TNFX on positions held overnight are influenced by the interest rate differentials between the currencies involved in the transaction.
• The exact overnight fee varies based on variables such as the currency pair and the position direction (buy or sell). Unfortunately, TNFX does not publish a schedule on the official website.

Deposit and Withdrawal Fees

• TNFX does not charge any fees for deposits or withdrawals, ensuring that traders can readily finance their accounts and withdraw funds without incurring additional non-trading fees.

Inactivity Fees

• TNFX has a favorable policy regarding inactivity fees, as inactive trading accounts are not charged. This provides flexibility for traders who do not regularly engage in trading.

Currency Conversion Fees

• Traders should be aware that they may be subject to currency conversion fees when depositing or withdrawing funds in currencies other than USD.

TNFX Deposits and Withdrawals

TNFX offers South African traders the following deposit and withdrawal methods:

• ✅ Payeer
• ✅ WebMoney
• ✅ Asia Pay
• ✅ Perfect Money
• ✅ Credit/Debit Cards
• ✅ Local Depositors
• ✅ Office Transfers

TNFX Deposit and Withdrawals – Step By Step

To deposit funds to an account with TNFX, South African traders can follow these steps:

• ✅ Log into your client portal from the official TNFX website.
• ✅ Find the section for deposits/withdrawals.
• ✅ Choose your preferred payment method from the list available to South Africans.
• ✅ Complete the necessary information, provide your minimum deposit amount, and choose the currency you wish to deposit.
• ✅ Complete the last few steps on-screen to finish the transaction.

To withdraw funds from an account with TNFX, South African traders can follow these steps:

• ✅ Log into your client account from the TNFX website.
• ✅ Ensure that you have enough free margin to make a withdrawal.
• ✅ Navigate to the deposit/withdrawal section and choose “withdrawals.”

Complete the necessary information and follow any additional steps your chosen payment provider requires.

TNFX Customer Reviews

🥇 Responsive and Helpful 

TNFX’s customer service is responsive, helpful, and on the clock 24/7. The trading platforms are great, and, the wide range of account types on offer made my choice much easier! – Amelia Sopher

🥈 Great Bonus

I love the $100 Birthday Bonus! What a fun addition!  – Jeff Gacy

🥉 Happy Client.

TNFX has been a good broker for me. The No Deposit Bonus is a great feature and the Demo account is a great help! – Harold Smith

Pros and Cons

In Conclusion

Overall, trading with TNFX will involve fees from R 1800 ZAR, spreads from 0.0 pips, and commission-free trading depending on the TNFX account traders select. A Minimum Deposit required to open a TNFX Live Trading Account will range between R1800 ZAR and R18’000 ZAR depending on the account type selected.

Frequently Asked Questions

Are the spreads competitive at TNFX?

Yes, On the Zero account, the spreads for the EUR/USD and USD/JPY are 0 pips, however, there is a charge of $5 per lot. The spread on all other account types incorporates commission per lot and other fees.

Does TNFX charge commissions?

This will depend on the account you are trading in. For TNFX Standard and Cent accounts, spreads start at 1.0 pips, and there are no commissions. For TNFX Fixed accounts, spreads are fixed for forex and metals. For Zero accounts, spreads start at 0.0 pips on EURUSD, and the commission is $5 per lot.

Does TNFX charge deposit or withdrawal fees?

No, TNFX does not impose any fees for making deposits or withdrawals that are not related to trading.