TenorisFx is an online broker that presents itself as a reliable provider of forex and CFDs, offering access to various financial instruments with high leverage and low spreads. A closer look, though, exposes a few warning signs that prospective investors should be aware of before investing.
Basic Details for TenorisFx
Website: https://tenorisfx.com/
Website Availability: Yes
Official Address: Suite 305 Griffith Corporate Center Beachmont Kingstown St Vicent Granadines
Regulation: No Regulation
Warned By: Not Recommended By Review Website Like Fraud Complaints
Domain Status
- Domain Name: TENORISFX.COM
- Registry Domain ID: 2642285897_DOMAIN_COM-VRSN
- Registrar WHOIS Server: whois.squarespace.domains
- Registrar URL: http://domains2.squarespace.com
- Updated Date: 2024-09-20T14:25:46Z
- Creation Date: 2021-09-20T10:09:49Z
- Registry Expiry Date: 2025-09-20T10:09:49Z
Unregulated Broker
The most concerning aspect of TenorisFx is its lack of valid regulation. Although the company claims to be registered in China, it has been verified that there is no recognized regulatory authority overseeing its operations. Due to this oversight gap, investors are exposed to possible fraud, such as dishonest trading tactics and trouble-making withdrawals.
Investing with an unregulated broker carries a higher level of risk. Without regulation, there are no guarantees that TenorisFx follows industry standards or protects client funds. In case of any disputes, there is no regulatory body to turn to for support, which is why it’s crucial to only trade with regulated brokers.
Leverage and Risk
TenorisFx offers a leverage of up to 1:100, which is higher than what most regulated brokers provide. High leverage can boost possible gains, but it also greatly raises the possibility of losing money, particularly for novice traders. Utilizing leverage this high can result in significant losses that could surpass the initial deposit.
Leverage may be quite helpful, but if not used properly, it can also result in financial catastrophe. For many traders, especially beginners, it is recommended to avoid trading with such high leverage.
Questionable Bonus Offers
TenorisFx claims to offer a 15% deposit bonus, which may seem attractive to new traders. However, bonuses in forex trading usually come with heavy terms and conditions. The bonus funds are not client funds but company funds, and to withdraw them, traders often need to meet stringent trading volume requirements. Fulfilling these conditions can be extremely difficult, and traders should be wary of such promotions.
Lack of Transparency in Payment Methods
Another concerning issue is the lack of information regarding TenorisFx’s payment methods. Reliable brokers typically provide clear details about deposit and withdrawal options. The absence of this information raises questions about the broker’s transparency and whether clients will face difficulties when attempting to access their funds.
TenorisFx Review – Conclusion
Based on many factors explained above we have finally concluded that TenorisFx is a fraudulent broker. Do extensive research on any site before investing.
Be aware of schemes like Forex Trading Deceptions, Cryptocurrency Cons, Internet Dating Scams or Romance Fraud, Pump and Dump Tactics, Ponzi Schemes, Investment Deceptions, Fake Trading Platforms, Phishing Attacks, Robo-Advisors Deceptions, and Binary Options Deceptions.
If you have already fallen victim to TenorisFx fraud, take quick steps to recover your money. While the process can be tough, patience and completing the proper steps can improve your chances of receiving your money back from TenorisFx.
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Note: The TenorisFx review is influenced by some existing reviews online and we have created an original review based on known facts. We are not responsible for any legal actions taken by any entity favoring TenorisFx company.