General Information
Registered in Hong Kong, Teknos Limited is an online forex broker providing access to various financial markets, such as Foreign Exchange, Precious Metals, Indices, and CFDs through the MT5 trading platform. The minimum deposit to trade with this broker is $1,000, and the maximum trading leverage that can be used is up to 1:400.
Teknos Limited is a Hong Kong-registered company and it does not hold any regulatory license to show it operates legally. Please be aware of the risk.
Market Instruments
With the Teknos Limited platform, four classes of financial instruments can be traded, such as Foreign Exchange, Index, Nobel Metals, and Crude Oil.
Account Types
Teknos Limited seems to provide two types of trading accounts: Standard and ECN. To open a Standard account, you need to fund at least $1,000, which is much higher than most legit brokers requirements. Please be aware of the risk.
How to open an account with Teknos Limited？
Opening an account with Teknos Limited is an easy and simple process:
1. Click the “Open an Account” link, and fill up some required details on the popping-up page.
2. Upload your personal data for this company to verify your details.
3. Choose the preferable payment methods, fund your account and start to trade with this forex broker.
Leverage
Problematically, Teknos Limited allows its clients to use leverage of up to 1:400, higher than the levels regarded appropriate by many regulators, with the maximum leverage for major forex up to 1:30 in Europe and Australia, and 1:50 in Canada and U.S.
Since leverage can magnify gains, it can also cause serious fund losses, especially to inexperienced traders. Therefore, it is wise for beginners to choose the smaller size no more than 1:10 until they have more trading experience.
Spreads & Commissions
Spreads and commissions are determined by trading accounts with Teknos Limited platform. The Standard account provides zero-commission trading environment, accompanied by wide spreads. The ECN account offers spreads from 0.0 pips, with a certain amount of commissions charged.
The spread on the EUR/USD pair starts from 0.8 pips to 1.2 pips, 0.0 pips to 0.3 pips on the ECN account.
Trading Platform
Teknos Limited provides access to the industry-leading MT5 trading platform, which can be accessed on any device, Windows, Desktop, IOS, and Android. The MT4 trading platform allows one-click operations for opening and closing trades, setting stops and entry limits, placing direct orders, setting and editing limit and stop loss, as well as charting.
More importantly, EAs (Expert Advisor) are supported for traders to automate trading during all trading session.
Customer Support
The FAQ section on the Teknos Limited website can give you some basic assistance concerning trading-related problems, and if you need staff service, you can reach this broker through email: marketing@teknosfx.com.
Registered Company Address:RM12, 19/F, Ho King Comm Ctr, 2-16 Fayuen St, Mongkok, Kowloon,Hong Kong
Risk Warning
Trading leveraged products such as forex, cryptocurrencies and derivatives may not be suitable for all investors as they carry a high degree of risk to your capital. Please ensure that your fully understand the risks involved, taking into account your investments objectives and level of experience.
The information presented in this article is intended solely for reference purposes.
