Starting off well on the ruthless Forex markets is only possible with a reliable brokerage supporting you. The subject of this TNFL FX review is certainly not one. While the website assures you that all your trading needs and expectations will be met on their platform, there’s not a single proof of that.
The firm is not only unlicensed to operate as a financial services provider, but is also blacklisted for selling these services without authorization. Read on for a detailed insight.
| Regulated by: | Unregulated Forex Brokerage |
| Is This Company Safe? | No, this company is not reliable and is even blacklisted! |
| Known Websites: | tnflfx.com |
| Have Warnings from: | FCA |
| Registered in: | UK (alleged) |
| Operating since: | 31.08.2023. |
| Trading Platforms: | Web Trader |
| Maximum Leverage: | 1:200 |
| Minimum Deposit: | N/A |
| Deposit Bonus: | No |
| Trading Assets: | Forex, Commodities, Incides, Cryptocurrencies |
| Free Demo Account: | Available |
| How to Withdraw from This Company? | Contact our legal team for help with asset recovery. |
No License Found
The only real confirmation of a broker’s legitimacy is the existence of a license for online financial services. This firm has none. TNFL FX GLOBAL LIMITED allegedly originates from the UK, but the only information about this business is the public warning issued by the state authority – FCA.
A license number posted on the website is only familiar to NFA as an ID of a non-member, as their register clarifies it. None of these details makes the company appear reliable or safe. On the contrary, you can be sure that your funds are in danger if deposited to this platform.
Furthermore, you will not be able to ask for compensation and your account isn’t protected by negative balance insurance. PilotGain will also offer you fictitious conditions and rob you the moment you put your trust in them.
Preys On Less Experienced
Although this fraudulent website was set up relatively recently (August 2023 according to Whois) they seem well experienced in scamming.
One commonly employed strategy is persistent lurking on social networks to mine for contact information of the potential victims. Once the communication is established start the endless phone calls, email spamming and messages that border rudeness when you try to warn them off.
Scam agents seem very well versed in the subject they’re promoting. Don’t let that fool you, though. Quick crypto transactions will leave you empty handed in a blink of an eye. So far, victims from these countries have taken the bait:
Concerning Trading Terms
Exploring the trading conditions on this trading portal was not an easy task. Primarily because the company isn’t transparent and honest as they claim to be. You see, not a single trading parameter is available on the site. Everything we found out was directly from the webtrader, which is anything but reliable.
The maximum offered leverage reaches 1:200, which is against what FCA and NFA would allow. Other costs, commissions and taxes are left hidden – no legal documents are posted to clarify these elements.
No Tools To Rely On
It’s questionable what this firm thinks of when they mention their globally awarded services and features. Since there’s no information on the account types, we don’t even know what is offered. Furthermore, the defunct web trader doesn’t help their offer look any better in general.
Web Trading Supported
Do not expect premium trading software on here. Most advanced technological solutions for online trading, like MT4, MT5 and cTrader are far ahead of this piece of bogus terminal. Not even basic customization tools are available, not to mention the advanced steps like technical analysis, one-click trading and economic calendar.
The best you can do there is just open and close positions. Sometimes even that is hardly doable, considering that the software responds slow or not at all, no matter how good your internet connection is.
Access To Basic Markets
We’re sorry to inform you that the only choice of financial instruments available on this site is limited to a few most common groups. While reputable brokerage powerhouses can unlock access to thousands of products, this con artist has a small offer:
- Forex (EUR/USD, EUR/GBP, USD/CHF)
- Commodities (wheat, cotton, gold, sugar)
- Indices (FTSE100, NASDAQ, AUD200)
- Crypto (BTC, ETH, LTC, ADA)
Undemanding Registration
Creating a TNFL FX account only takes about a minute and there’s no restrictions from the verification process. Despite that, it isn’t known what the single live trading account offers and what features it consists of. Not even the minimum deposit requirement for this package is revealed. The website doesn’t address this concept at all.
Demo Account On Platform
Although not immediately available upon opening an account, clients may still opt to create a TNFL FX demo through the dashboard. It comes ready with $2,000,000 in virtual assets, which should be sufficient for testing purposes.
Unfortunately, it doesn’t work as well as you’d expect. Orders often glitch out, and if you choose to reset an account, nothing really happens. Whether this is due to the poor quality of the platform, or a bad implementation of demo services is up for speculation.
Futile Withdrawal Attempts
Since all of the trading you’ve conducted on this falsified portal, you cannot expect any of the profit to be real and withdrawable. Although the faux Forex dealers assure their customers of providing safe and fast payouts, the truth is the opposite of that.
The two accepted methods of withdrawals on this site are bank transfers and crypto, but the absence of legal docs is concerning. Since no information is given on transfers, we can expect all kinds of obstacles and difficulties, which fraudsters use to prevent you from even taking back your initial investment.
No Support Options
It’s clear that the swindlers never intended to provide any customer support in the first place. What should be a Service & Support drop down menu on the website contains links to various legal documents instead. Besides one single email address, it’s not possible to contact the company whatsoever.
Stay Safe And Informed
This review has once more proven the importance of double checking the brokerage platform you’re interested in. Educating yourself on the potential dangers you expose your funds to can help you make better decisions. For example, choosing Zetano over this sham.
If at any point you need our help to try and regain your stolen investment, please contact our support team. Our chargeback professionals have the knowledge and the means to aid you in the process.
FAQ Section
What is TNFL FX?
It is a predatory website that uses the guise of a forex broker to entrap victims.
Is TNFL FX a Legit Broker?
No, the company is completely illicit and is placed on the FCA blacklist.
How Can I Request TNFL FX Withdrawal?
It doesn’t matter how you request the withdrawal, since the company will never approve it. If you need assistance getting your money back, contact our experts instead.
