The financial company Smart Technology Services LTD is the owner of the tnxtrade.com website, which offers forex and CFDs trading through the well-known MetaTrader 4 (MT4) platform. The company is registered in the Republic of Marshall Islands (RMI) and regulated by the local banking regulator. The website shows that TNXtrade declares itself the Number One broker in the world. As proof of this, the company provides its numerous awards, which are over 70, it claims. TNXTrade is headquartered in the Republic of Marshall Islands and currently serves clients from 173 countries globally. Clients can trade more than 250 instruments using the Non-Dealing Desk (NDD) technology. The company does not require a minimum deposit amount. However, it recommends starting with at least USD500.
Smart Technology Services LTD is registered in the Marshall Islands under register number 98668 and is regulated in accordance with the Marshall Islands Business Corporation Act. The company implements the highest standards of safety and client funds are kept fully segregated from the company’s own funds.
TNXTrade uses the newest Equinix data centers LD5 in London and Amsterdam, which allows it to create deep liquidity pools that allows the average execution time to be below 11 milliseconds. The server’s location helps TNXTrade to provide a no dealing desk execution (NDD) model. Deep liquidity allows it to always offer the best available prices and to fulfill a huge volume of customer orders. Only a small percentage are then left unhedged and executed externally if necessary. 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 filled with positive slippage.
Customers should be aware of the lack of a negative balance protection policy. So, if the market movement is sharp, you can owe money to this company.
A wide range of payment options are available. You can deposit and withdraw funds by bank transfer, credit or debit cards and e-wallets. There is its own wallet called TNXTrade Wallet and you can easily transfer funds between your TNXTrade Wallet and trading accounts. TNXTrade does not charge for bank wire transactions. The minimum deposit amount by card is USD100 and the maximum amount is USD10,000. Withdrawals can only be made in the same way and in the same currency that was used to top up. The minimum withdrawal amount is USD100, and the maximum is USD50,000 per day. Transactions are processed within one business day.
You can trade via one of the most used terminals worldwide – MetaTrader 4 (MT4). It is the most popular charting and analysis package used by traders of all levels. MT4 combines an intuitive user interface with a customizable environment. It provides the most of the trader’s needs to analyze charts, place orders and manage positions. MT4 offered by TNXTrade 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. This provides full mobility, regardless of the device you would like to use.
There is one type of live account with equal conditions for all groups of traders. Assets are quoted with floating and fixed spreads. All trades are commission free. The minimum recommended deposit is USD500, and the leverage can be up to 1:400. Several asset types are available for trading including 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. CFDs on 20 major indices are also available. The average spread for the DAX30 is 2.4 points and the one for the DJIA is 2.1 points. CFDs on Gold, Silver and Platinum can be traded as well. The average spread for the Gold is USD0.26 and the one for the Silver is USD0.026. There are three CFDs on energies such as Crude Oil, Brent Oil and Natural Gas. The average spread for Crude Oil is USD0.044. More than 150 shares of global companies are also available for trading. The average spread of the Apple share is USD0.61. Fans of cryptocurrencies should be happy because they can trade CFDs on Bitcoin, Bitcoin Cash, Ethereum, Litecoin and Ripple. The average spread for Bitcoin is USD150.
We can conclude that TNXTrade uses a modern non dealing desk (NDD) technology to execute client orders. The company provides a wide range of trading instruments via the popular MT4 platform. There is one type of real account for all customers with particularly good conditions, narrow spreads, and no commission. No minimum deposit is required.