Do not trust
20 out of 100 · 95% checked
It copies another firm's identity, and our investigation found it is high risk and could not be verified.
Capped at 20 · Clone firm or regulator warning
We checked TNFX on 2026-10-24 across its company record, client terms, trading offer and service, and could verify 95% of its record. The score was held at 20 because it copies another firm's identity. What would move the score: all-in eurusd cost, instrument breadth, wikilix community. Our published investigation found it is high risk and could not be verified, with 7.7 years of track record. Its client terms carry high risk, with 6 critical clauses. Trading EURUSD costs about 0.0 pips all-in, spread and commission together.
Score last calculated 2026/10/24
Wikilix independent safety report
TNFX is not a fake or cloned broker, and no regulator or court has made a finding of fraud against it. We still rate it high risk at 65% , because clients in several countries describe profits being…
Risk scorecard · each area scored 0 (clean) to 10 (worst)
What Wikilix has recorded about TNFX: its history, the licences it holds, its trading conditions and its fees.
TNFX is a forex and CFD brand operated by TNFX Ltd, a Seychelles company registered under number 8430050-1 with a registered address at CT House, Office 9A, Providence, Mahe, Seychelles. The broker has been trading since 2019 and is built around the Middle East, naming Iraq as its primary market and serving clients in Arabic, Kurdish, English, Turkish and Persian from . It offers MetaTrader 4 and MetaTrader 5, five account tiers starting at 100 USD, swap-free accounts on request, and leverage reaching 1:3000 on its highest-geared tier. It does not accept residents of the United States or Canada. A site-wide disclaimer also names Russia, India, Cuba, Myanmar, North Korea, Iran and Sudan, although the broker's own dated country pages state that only the United States and Canada are blocked.
TNFX Ltd appears on the Seychelles Financial Services Authority register as a Securities Dealer, and TNFX publishes licence number SD133 on its own website. Two qualifications matter. The authority's register gives no licence number for the entry, so SD133 is the broker's own published figure, not a number carried on the register. And a Seychelles Securities Dealer authorisation is an offshore permission in a light-touch jurisdiction, with no client-fund compensation scheme behind it. WIKILIX classifies TNFX as holding no onshore regulation.
The site footer names a second company, TNFX Markets Ltd, registered in Saint Vincent and the Grenadines under number 27346 at Suite 305, Griffith Corporate Center, Kingstown. TNFX's own FAQ states that this is a company registration, not a financial licence, and that SD133 is the only financial licence it holds. A Dubai address at Office 508, Opal Tower, Business Bay is published as a regional office, not as a regulated establishment.
Not in any onshore sense. The only authority connected to TNFX is the Seychelles Financial Services Authority, which lists TNFX Ltd as a Securities Dealer, and the broker's Saint Vincent company carries no financial regulator at all. A client dealing with TNFX is dealing with an offshore operator, which means no statutory compensation scheme and limited recourse if a dispute cannot be settled with the firm directly.
Two companies carry the TNFX name on the broker's own pages. TNFX Ltd, number 8430050-1 in Seychelles, is the entity tied to the Financial Services Authority listing and the one named in the site's licence statement. TNFX Markets Ltd, number 27346 in Saint Vincent and the Grenadines, is presented as a registered company with no regulator attached. Both registration numbers are the ones TNFX publishes itself, and neither has been confirmed against the corporate register of its jurisdiction. Which company a client contracts with determines what protection sits behind the account, so confirm the entity named on the client agreement before funding.
TNFX's standing rests on an offshore listing and nothing stronger, so the protections a retail client might assume are largely absent. On the supporting side, the operating company is identifiable, its register entry matches the website domain, the business has been running since 2019, and account and funding terms are disclosed in detail on its own site. Against that, the Seychelles regime offers low transparency and no client-fund insurance, the second group company names no regulator, and the headline 1:3000 leverage is far above what onshore regulators permit. Regulation alone is never proof of safety, and here the regulation is thin.
Five tiers are published, all denominated in US dollars:
The practical entry point is 100 USD, available on three of the five tiers. Leverage falls as the tier gets larger, so the highest-capital account is also the most conservatively geared.
Spreads are variable: TNFX advertises EURUSD from 0.0 pips on Zero, from 0.4 pips on VIP and from 1.0 pip on Standard and Cent. The Zero account charges commission at 5 USD per lot on a round turn; Standard, Cent and Turbo are published as commission free, with their cost carried in the spread. For VIP the site disagrees with itself: the home page says zero commission, while the About page lists its commission only as "Lowest". TNFX states that it applies no deposit or withdrawal fee of its own on any funding route, while noting that payment providers, card issuers, banks and blockchain networks may charge their own costs.
Leverage runs to 1:3000 on forex on the Turbo account, 1:500 on Standard, Cent and Zero, and 1:100 on VIP. Turbo leverage is set by account equity: 1:3000 on forex and 1:1000 on gold apply only while equity is under 1,000 USD, and both step down to 1:100 from 100,000 USD. Around the market open and close, and for 15 minutes either side of major scheduled news, Turbo drops to 1:500 on forex and 1:300 on gold. Indices and energy are capped at 1:100 on every account. The top of that range is exceptional even among offshore brokers, and it magnifies losses on the same scale as gains.
TNFX runs MetaTrader 4 and MetaTrader 5 only, with no proprietary platform of its own. Both are offered for Windows, iOS, Android and the browser. The broker points new clients to MetaTrader 5 by default and recommends MetaTrader 4 only where a specific expert advisor requires it. Installers for both are published on its own platform download page.
Funding is organised by country rather than offered as a single list, and availability is set by the country a client registers from. Clients in Iraq use local routes including domestic bank transfer, FastPay, Qi Card, Zain Cash and Q-Card. The Ovadot, Ptop and Payeer wallets and Tether on the TRC-20 network are available more widely, ShamCash covers Syria and Yemen, and credit and debit cards and international bank wire are offered only outside Iraq. Minimum deposits start at 5 USD through Ovadot, 10 USD on most routes and 100 USD by international wire.
Withdrawals carry a 50 USD minimum and a 100,000 USD ceiling per request on most routes, with Qi Card capped at 1,500 USD. Zain Cash and Q-Card accept deposits but cannot pay out, and money funded through them is withdrawn through a two-way route instead. Most deposits are credited within minutes, and TNFX states that all withdrawals are processed within 24 working hours; an international wire then takes one to three business days to arrive.
Support runs 24 hours a day, six days a week, with Saturday as the day off, by telephone, live chat and email, in Arabic, English and Kurdish. The published numbers are +248 437 4030 in Seychelles and +971 4 582 3376 in Dubai, with support@tnfx.co and info@tnfx.co for written enquiries. Accounts and funding are handled in a separate client portal at my.tnfx.co.
Strengths: an identifiable operating company whose register entry matches its website; detailed public disclosure of account terms and funding conditions; genuine local payment coverage for Iraq and neighbouring markets, including a route with a 5 USD minimum; both MetaTrader platforms on every major device; swap-free accounts on request; and support six days a week in Arabic, English and Kurdish.
Limitations: offshore standing only, with no onshore regulation and no client-fund compensation scheme; a second group company with no named regulator; leverage to 1:3000, far above onshore limits; funding that depends on the country of registration, with cards and international wire closed to Iraqi clients and two local routes unable to pay withdrawals out; a 100,000 USD minimum on the VIP tier; and registration numbers published by the broker rather than confirmed against a register.
TNFX is a regionally focused offshore broker that does the local part of the job well and the regulatory part minimally. For a trader in Iraq or the wider Middle East, the local funding rails, the 100 USD entry point, the Arabic, English and Kurdish support desk and the familiar MetaTrader pair make a practical package that larger onshore brokers rarely match. What a client gives up is protection: an offshore Securities Dealer listing in Seychelles, no compensation scheme, a second company with no regulator named, and leverage settings that let a small account be lost quickly. Anyone considering an account should confirm which company their client agreement names and read the funding terms published for their own country before depositing.
8 full-page captures of TNFX's own site, archived so what they said can still be read after the pages change.
We have not confirmed any regulation for TNFX. Money deposited with an unregulated broker is protected only by the company itself.
Trading with an unregulated broker puts your deposit at risk.
We have not confirmed any regulation for TNFX. An unregulated broker is not supervised by a financial authority, and money you deposit is protected only by the company itself.
What this means for you
5 account types on record. Minimum deposit from USD 100. Leverage up to 1:3000.
| Account | Min Deposit | Max Leverage | Commission |
|---|---|---|---|
| TurboSTP · ECN | USD 100 | 1:3000 | No commission; the cost sits in the spread |
| StandardStandard | USD 100 | 1:500 | No additional commissions |
| CentCent | USD 100 | 1:500 | No commissions charged |
| ZeroZero · ECN | USD 500 | 1:500 | $5 per lot, round turn |
| VIPVIP | USD 100,000 | 1:100 | Homepage says zero commission; the About page lists it only as "Lowest" |
Where TNFX says it will and won't take clients
Confirmed blocked
Named in the broker's own terms
Likely blocked
Reported, not verified against a primary source
Covered by a parent block
Territories a blocked country carries with it
Explicitly accepted
Named as accepted — not a full list of served markets
12 ways to fund an account. 12 with no deposit fee. 2 credit instantly.
| Method | Deposit fee | Withdrawal fee | Min deposit | Withdrawal min / max | Processing |
|---|---|---|---|---|---|
OvadotE-WalletAvailable everywhere. Two-way. The broker routes new clients funding by Zain Cash or Q-Card through Ovadot, and pays withdrawals from deposit-only routes here. Minimum withdrawal $50; maximum $100,000 per request. TNFX states it charges no deposit or withdrawal fee; the payment provider may charge its own. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 5 | USD 50USD 100,000 | Up to 24 hours |
PtopE-WalletAvailable everywhere. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. The site's word for its speed is 'fast' rather than a stated time. TNFX states it charges no deposit or withdrawal fee; the payment provider may charge its own. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
USDT (TRC-20)CryptocurrencyAvailable everywhere. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. The site states settlement of about five minutes. TNFX states it charges no deposit or withdrawal fee; network and provider costs sit outside that. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. Its FAQ says USDT withdrawals usually take a few minutes. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
Local bank transfer (Iraq)Bank TransferIraq. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. Distinct from the international Bank wire row, which the site states does not reach Iraq at all. TNFX states it charges no deposit or withdrawal fee; the bank may charge its own. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
PayeerE-WalletAvailable everywhere. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. TNFX states it charges no deposit or withdrawal fee; the payment provider may charge its own. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
FastPayOtherIraq. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. The site lists FastPay among the manual methods that need a person to match the payment to the account. TNFX states it charges no deposit or withdrawal fee; the provider may charge its own. Withdrawals are processed within 24 working hours; the deposit matching window is not published. | Free | Free | USD 10 | USD 50USD 100,000 | Not recorded |
Qi CardDebit CardIraq. The direct Qi Card route runs in both directions but the site limits it to clients who had already used it; for new clients the Q-Card route is deposit-only. Minimum deposit $10, minimum withdrawal $50. Withdrawals capped at $1,500 per request, against $100,000 on other routes. TNFX states it charges no deposit or withdrawal fee. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. Its FAQ gives 10 to 15 minutes for Qi Card withdrawals. | Free | Free | USD 10 | USD 50USD 1,500 | Up to 24 hours |
ShamCashE-WalletSyria and Yemen. Two-way. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. The site publishes no crediting time for this method specifically, only its general statement that deposits are usually credited in minutes. TNFX states it charges no deposit or withdrawal fee. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
Zain CashE-WalletIraq. DEPOSIT ONLY: the site states this method cannot pay out, and withdrawals from it are paid through a two-way route instead. Direct Zain Cash is limited to clients who had already used it; new clients are routed via Ovadot, where the minimum is $5. Minimum deposit $10. TNFX states it charges no deposit fee. | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
Q-CardDebit CardIraq. DEPOSIT ONLY: the site states this method cannot pay out, and withdrawals from it are paid through a two-way route instead. For new clients the route runs via Ovadot. Minimum deposit $10. TNFX states it charges no deposit fee. | Free | Not recorded | USD 10 | Not recordedNot recorded | Instant |
Credit / debit cardCredit CardOutside Iraq and Syria. Two-way where available. The site states direct credit and debit card funding is closed for Iraq and Syria, and suggests buying Ovadot or Ptop balance from a P2P exchanger with the card instead. Minimum deposit $10, minimum withdrawal $50, maximum $100,000 per request. TNFX states it charges no fee; the card issuer may. Deposits credit within minutes; TNFX states all withdrawals are processed within 24 working hours. | Free | Free | USD 10 | USD 50USD 100,000 | Up to 24 hours |
Bank wireWire TransferOutside Iraq only. Two-way. The site states international wire does not reach Iraq at all, and its country funding pages give one to three business days for a wire to arrive, and one to three business days after processing for a wire withdrawal. Minimum deposit $100, the highest of any route. Minimum withdrawal $50, maximum $100,000 per request. TNFX states it charges no fee; the bank may. | Free | Free | USD 100 | USD 50USD 100,000 | Up to 3 days |
2 trading platforms on record: MetaTrader 5 and MetaTrader 4.
Offered on Windows, iOS, Android and in the browser. 21 timeframes, more order types including depth of market, a built-in economic calendar and a faster strategy tester. TNFX's default recommendation.
Offered on Windows, iOS, Android and in the browser. 9 timeframes and the larger expert-advisor ecosystem; TNFX recommends it only where a specific MT4 expert advisor requires it.
3 domains on record. All active and served over HTTPS.
2 legal entities behind the TNFX brand.
The operating company is TNFX Ltd. Registered in Seychelles. Registration number 8430050-1.
3 other brokers on the record share what TNFX offers — its country, regulator, account types or platforms — set beside it on the same measures.
Common questions about TNFX
Yes, and Iraq is the market TNFX is built around: the broker names it as its primary market and publishes dedicated Iraqi funding routes including domestic bank transfer, FastPay, Qi Card, Zain Cash and Q-Card. The trade-off is that direct credit and debit card funding and international bank wire are closed for Iraq, so deposits run through those local routes or the wallets instead. Support is available in Arabic and Kurdish.
Support runs 24 hours a day, six days a week, with Saturday as the day off, by telephone, live chat and email, in Arabic, English and Kurdish. The published numbers are +248 437 4030 in Seychelles and +971 4 582 3376 in Dubai, and written enquiries go to support@tnfx.co or info@tnfx.co. The broker also keeps a help and FAQ section on its own site and a Telegram channel.
Yes. TNFX publishes swap-free treatment as available on request. Swap-free status removes overnight interest charges rather than other trading costs, so the variable spread and the Zero account's commission still apply.
The minimum withdrawal is 50 USD and most routes are capped at 100,000 USD per request, with Qi Card limited to 1,500 USD. Zain Cash and Q-Card accept deposits but cannot pay money out, so withdrawals funded through them are paid through a two-way route instead. TNFX states it charges no withdrawal fee of its own. TNFX states that all withdrawals are processed within 24 working hours, and its FAQ gives USDT payouts as usually a few minutes and Qi Card as 10 to 15 minutes. Withdrawals pause from Friday 23:45 to Monday 01:15 platform time.
It depends on where you register, because TNFX sets funding availability by country. Clients in Iraq use local routes including domestic bank transfer, FastPay, Qi Card, Zain Cash and Q-Card, while the Ovadot, Ptop and Payeer wallets and Tether on the TRC-20 network are available more widely and ShamCash covers Syria and Yemen. Credit and debit cards and international bank wire are offered only outside Iraq. Minimums start at 5 USD on Ovadot, 10 USD on most routes and 100 USD by international wire. TNFX's home page also names Neteller, Skrill, PayPal, Sticpay, WebMoney and PayRetailers, but none of them appears in its per-country funding tables, so they are not recorded as available.
The Zero account charges commission at 5 USD per lot on a round turn. The Standard, Cent and Turbo tiers are published as commission free, with the cost carried in a variable spread that starts from 1.0 pip on Standard and Cent. For VIP the site is inconsistent: the home page says zero commission, while the About page lists its commission only as "Lowest", which does not mean zero. TNFX states it adds no deposit or withdrawal fee of its own, though payment providers, card issuers, banks and blockchain networks may charge theirs.
Five tiers, all in US dollars. Standard and Cent start at 100 USD with leverage to 1:500, Turbo starts at 100 USD with leverage to 1:3000, Zero needs 500 USD and charges 5 USD per lot round turn with leverage to 1:500, and VIP needs 100,000 USD with leverage capped at 1:100. Standard, Cent and Turbo are published as commission free, with the cost carried in the spread; for VIP the home page says zero commission, while the About page lists its commission only as "Lowest". Swap-free treatment is available on request.
TNFX is operated by TNFX Ltd, a Seychelles company registered under number 8430050-1 at CT House, Office 9A, Providence, Mahe, Seychelles. That is the entity named in the broker's own licence statement and on the Seychelles register. The site footer also names TNFX Markets Ltd, registered in Saint Vincent and the Grenadines under number 27346, which TNFX itself describes as a company registration, not a financial licence, and gives a Dubai regional office at Office 508, Opal Tower, Business Bay. Both registration numbers are the broker's own published figures and have not been confirmed against either corporate register.
TNFX Ltd's site-wide footer states that it does not provide services to citizens or residents of the United States, Russia, India, Cuba, Myanmar, North Korea, Iran and Sudan. TNFX's other pages give a shorter list: its FAQ says residents of the United States and Canada are not accepted, and its Iran page, updated in October 2026, says only those two countries are blocked and that Iranian applicants can register, although cards and wires from Iranian banks will not complete. Because the broker's own statements conflict, check the client agreement for your country before applying. TNFX names Iraq as its primary market and publishes 17 served countries across the Middle East, Turkey and parts of Africa.
Forex, metals, stock indices, energy, cryptocurrencies and company shares, all traded as CFDs on MetaTrader 4 and MetaTrader 5, so you trade the price and never own the underlying asset. TNFX lists the major, minor and cross currency pairs; gold, silver, platinum and palladium; indices such as DJ30, US500, USTEC, GER30, UK100 and JPN225; WTI and Brent oil and natural gas; 13 crypto pairs including BTCUSD and ETHUSD; and share CFDs on names such as Apple, Tesla, NVIDIA, Amazon and Netflix. Its own pages do not agree on the total: the home and About pages say 100+ instruments, while its FAQ says over 1,000.
Yes. The maximum is 1:3000 on forex, on the Turbo account only, and Turbo leverage on gold never exceeds 1:1000. Turbo leverage is set by account equity rather than fixed: on forex it is 1:3000 while equity is under 1,000 USD and steps down through 1:2000, 1:1000, 1:500 and 1:300 to 1:100 from 100,000 USD, and on gold it runs from 1:1000 down to 1:100 across the same equity bands. Around the market open and close, and for 15 minutes either side of major scheduled news, a Turbo account drops to 1:500 on forex and 1:300 on gold whatever its equity. Standard, Cent and Zero go up to 1:500 and VIP to 1:100, and indices and energy are capped at 1:100 on every account type. Leverage this high is far above what onshore regulators allow, and it magnifies losses on the same scale as gains.
100 USD opens an account on the Standard, Cent or Turbo tier. The Zero account requires 500 USD and the VIP tier 100,000 USD. Payment minimums are separate and lower: the smallest deposit any route accepts is 5 USD through the Ovadot wallet, most routes including credit and debit cards start at 10 USD, and international bank wire starts at 100 USD.
TNFX Ltd is listed on the Seychelles Financial Services Authority register as a Securities Dealer, and TNFX publishes licence number SD133 on its own site. That is an offshore permission rather than onshore regulation, and the broker holds no confirmed onshore licence. Two details matter: the register gives no licence number for the entry, and a Seychelles listing carries no client-fund compensation scheme. The group's second company, TNFX Markets Ltd in Saint Vincent and the Grenadines, has no financial regulator named for it at all.
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