Below is a comprehensive analysis of TNFX Ltd (official website: https://tnfx.co/) based on the requested criteria, including online complaint information, risk level assessment, website security, WHOIS lookup, IP and hosting analysis, social media presence, red flags, regulatory status, user precautions, potential brand confusion, and website content analysis. The analysis draws on available web information and critical evaluation to provide an objective assessment.

1. Online Complaint Information ¶

• Sources of Complaints:
• WikiFX (2023): Reports indicate withdrawal issues and account upgrade discrepancies. One user claimed a $30,000 deposit resulted in a $122 profit, but withdrawal attempts failed despite KYC submission, with no response from the platform. Another user warned, “They stole my money, stay away from them.”
• Scam Brokers Reviews (2021): Highlights complaints about high minimum deposits ($300 for a Standard Account), platform access issues, and significant withdrawal problems. Users reported being pressured to deposit more money with promises of high profits, only to face withdrawal denials.
• Trustpilot (2024): TNFX has a 4-star rating based on 75 reviews, with some positive feedback on customer service and transaction processes. However, a negative review from 2025 describes high spreads (10-30 pips in the Asian session) and a trade that failed to close at the target due to spread differences, leading to losses. The user stated, “I really do not recommend to any trader to open an account with them.”
• BrokersView (2025): Notes a user complaint about a withdrawal not arriving after half a month, with poor customer service response. The platform has been warned by the Reserve Bank of India (RBI) and the Central Bank of Russia (CBR) for unlicensed activities.
• Nature of Complaints:
• Common issues include withdrawal delays or denials, high spreads, poor customer service, and pressure to deposit more funds.
• Allegations of deceptive practices, such as promising unrealistic profits and failing to deliver funds, are prevalent.
• Some users report positive experiences, particularly with customer service, but negative reviews often overshadow these, focusing on financial losses and platform reliability.
• Critical Evaluation:
• The volume of withdrawal-related complaints suggests potential operational or ethical issues. The mixed reviews on Trustpilot indicate that while some users have positive experiences, others face significant problems, particularly with financial transactions.
• The lack of consistent resolution to complaints (e.g., delayed or ignored responses) raises concerns about customer support reliability.

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2. Risk Level Assessment ¶

• Risk Category: High-risk financial services (Forex trading, CFDs, metals, indices, equities, energies).
• Scamadviser (2024): Flags tnfx.co as offering high-risk financial services, which inherently carry significant investment risks due to leverage and market volatility.
• BrokersView (2025): Notes that Forex trading with TNFX involves high risk, particularly due to leverage, and may not be suitable for all investors.
• Risk Indicators:
• Withdrawal Issues: Multiple reports of failed withdrawals increase the risk of financial loss.
• High Minimum Deposit: A $300 minimum deposit for a Standard Account is considered high compared to industry standards, potentially deterring cautious investors.
• Unrealistic Promises: Claims of high profits with minimal investment are red flags for potential scams, as noted in user complaints.
• Lack of Transparency: Limited information about the company’s operations and regulatory status heightens risk.
• Overall Risk Level: High
• The combination of withdrawal issues, high minimum deposits, and regulatory warnings suggests a high-risk platform. Investors face significant financial and operational risks, particularly due to reported difficulties in accessing funds.

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3. Website Security Tools ¶

• SSL Certificate:
• The website uses a Domain Validated (DV) SSL certificate issued by a reputable provider (likely through Cloudflare, given the hosting). While this ensures encrypted connections, DV certificates offer the lowest level of validation and do not verify the organization’s legitimacy.
• No specific reports of SSL-related vulnerabilities were found, but the DV certificate limits assurance of the site’s authenticity.
• Security Features:
• Cloudflare CDN: The site is hosted via Cloudflare, which provides DDoS protection, a Web Application Firewall (WAF), and DNSSEC for enhanced security. However, Cloudflare’s services are widely used, including by potentially fraudulent sites, so this alone does not guarantee legitimacy.
• Port Scanning: Common ports (e.g., 80, 443) are likely open for HTTP/HTTPS, as indicated by domain analysis tools, but no reports suggest unusual open ports or vulnerabilities.
• Potential Risks:
• The reliance on a DV SSL certificate and lack of detailed security information (e.g., two-factor authentication, encryption standards) could expose users to risks if the platform is compromised.
• No reports of malware or phishing directly linked to tnfx.co, but the high-risk financial services offered warrant caution, as similar platforms have been flagged for malware risks.
• Critical Evaluation:
• The website employs standard security measures via Cloudflare, but the lack of advanced validation (e.g., Organization Validated or Extended Validation SSL) and transparency about security protocols is concerning for a financial platform handling sensitive user data.

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4. WHOIS Lookup ¶

• Domain Information:
• Registrar: GoDaddy.com, LLC
• Registration Date: Approximately 2 years ago (around 2022).
• Owner: REDACTED FOR PRIVACY, DomainsByProxy.com, 100 S. Mill Ave, Suite 1600, Tempe, Arizona.
• Contact: No public contact details available due to privacy protection services.
• Analysis:
• The use of privacy protection to hide WHOIS details is common but can be a red - Critical Evaluation: The hidden WHOIS information aligns with standard privacy practices but reduces transparency, making it harder to verify the company’s legitimacy. For a financial brokerage, greater transparency in ownership would enhance trust.

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5. IP and Hosting Analysis ¶

• IP Address: 172.67.189.48
• Hosting Provider: Cloudflare, Inc., San Francisco, United States.
• Server Location: San Francisco, California, USA.
• Analysis:
• Cloudflare is a reputable CDN provider, offering performance and security benefits. However, its widespread use means it does not inherently indicate legitimacy, as both legitimate and fraudulent sites use Cloudflare.
• The server location in the USA does not align with TNFX’s claimed base in Seychelles or its focus on the Middle East, which could raise questions about operational transparency.
• Critical Evaluation: The hosting setup is professional but not unique to legitimate platforms. The discrepancy between the server location and claimed operational base warrants further scrutiny.

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6. Social Media Presence ¶

• Platforms:
• TNFX maintains a presence on platforms like Twitter/X, Facebook, and LinkedIn, with regular posts about trading strategies, market analysis, and promotional content.
• Trustpilot (2024): Encourages user reviews, with a mix of positive and negative feedback.
• Engagement:
• Social media accounts appear active, with content aligned with the brand’s financial services focus. However, engagement levels (likes, comments) are moderate, suggesting limited organic reach.
• No major social media crises or viral negative incidents were identified, but the lack of widespread positive engagement limits the platform’s credibility.
• Critical Evaluation:
• The social media presence is professional but not exceptionally robust. The absence of significant negative viral content is positive, but the limited engagement and mixed reviews suggest a lack of strong brand loyalty or trust.

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7. Red Flags and Potential Risk Indicators ¶

• Regulatory Warnings:
• BrokersView (2025): TNFX has been warned by the Reserve Bank of India (RBI) and Central Bank of Russia (CBR) for unlicensed activities.
• Scam Brokers Reviews (2021): Notes that TNFX is not regulated by the Iraqi Securities Commission (ISC), despite claims of regulation by the Ministry of Trade of Iraq. The Dubai entity is registered as a marketing agency, not a broker, and the Iraq entity’s existence is questionable.
• Withdrawal and Transparency Issues:
• Multiple user reports of withdrawal failures and lack of response from customer service.
• Limited transparency about company ownership, team, and operational details.
• High-Risk Services:
• Offers high-risk financial products with leverage, which can lead to significant losses, especially for inexperienced traders.
• Deceptive Claims:
• Promises of high profits with minimal investment, as noted in user complaints, are unrealistic and indicative of potential scams.
• Critical Evaluation:
• The combination of regulatory warnings, withdrawal issues, and deceptive marketing practices constitutes significant red flags. These indicators suggest a high likelihood of operational or ethical issues, potentially amounting to scam-like behavior.

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8. Regulatory Status ¶

• Claimed Regulation:
• WikiFX (2023): TNFX claims regulation by The Seychelles Financial Services Authority (FSA) and other financial institutions. Founded in 2019, it operates from Seychelles.
• Scam Brokers Reviews (2021): Claims regulation by the Ministry of Trade of Iraq, but the official regulator is the Iraqi Securities Commission (ISC), which does not list TNFX. The Saint Vincent and the Grenadines entity (Tiran Forex (SV) Ltd) is the only registered trading broker, but this jurisdiction is known for lax regulation.
• Verification:
• Seychelles FSA regulation is noted, but this is a relatively lenient jurisdiction with limited oversight compared to regulators like the FCA (UK), ASIC (Australia), or CySEC (Cyprus).
• Warnings from RBI and CBR indicate unlicensed activities in India and Russia, suggesting non-compliance with local regulations.
• No evidence of regulation in major jurisdictions (e.g., USA, EU, UK), limiting investor protection.
• Critical Evaluation:
• The regulatory status is weak, with Seychelles FSA offering minimal investor protection. The lack of regulation in key markets and warnings from reputable regulators (RBI, CBR) significantly undermine TNFX’s credibility.

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9. User Precautions ¶

• Due Diligence:
• Verify regulatory status directly with the Seychelles FSA and check for licenses in your jurisdiction.
• Research user reviews on multiple platforms (e.g., Trustpilot, WikiFX, BrokersView) to assess reliability.
• Financial Caution:
• Start with a small deposit to test withdrawal processes before committing significant funds.
• Avoid investing more than you can afford to lose, given the high-risk nature of Forex trading.
• Security Measures:
• Use strong, unique passwords and enable two-factor authentication (if available) for your trading account.
• Avoid sharing sensitive information (e.g., bank details, KYC documents) unless the platform’s legitimacy is confirmed.
• Reporting Fraud:
• If you encounter issues, report to the Seychelles FSA, your local financial regulator, or platforms like ScamAdviser or WikiFX.
• Contact legal or recovery services if funds are lost, but beware of secondary scams promising fund recovery.
• Critical Evaluation:
• Users must exercise extreme caution due to the platform’s high-risk profile, regulatory warnings, and withdrawal issues. Thorough research and small-scale testing are essential before engaging with TNFX.

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10. Potential Brand Confusion ¶

• Similar Names:
• No direct evidence of deliberate brand confusion with other brokers, but the name “TNFX” is generic and could be mistaken for other financial platforms (e.g., TFX, FXTM).
• The use of “Tiran Group” (parent company) may cause confusion, as “Tiran” is not a well-known brand in finance, potentially leading to mix-ups with unrelated entities.
• Marketing Practices:
• Claims of being “The Best ECN Broker in the Middle East” and “The Most Trusted Broker” (Trustpilot, 2024) may mislead users, as these awards lack verifiable sources or widespread recognition.
• The focus on the Middle East market, despite being based in Seychelles, could confuse users expecting a regionally established broker.
• Critical Evaluation:
• While not overtly mimicking another brand, TNFX’s generic name and unsubstantiated award claims could lead to minor brand confusion. Users should verify the exact website (tnfx.co) to avoid phishing or copycat sites.

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11. Website Content Analysis ¶

• Content Overview:
• The website (https://tnfx.co/) promotes itself as a professional trading partner, offering Forex, metals, indices, CFDs, equities, and energies. It highlights expert trading strategies, market analysis, and trading tools.
• Features include account types (e.g., Cent Account), MT4/MT5 platforms, and easy digital account opening.
• Emphasizes awards like “The Best ECN Broker in the Middle East” and “The Most Trusted Broker,” but no evidence of awarding bodies is provided.
• Claims and Transparency:
• Claims of low trading costs and efficient processes are standard but lack specific data (e.g., exact spread values, commission structures).
• Limited information about the company’s team, ownership, or operational history reduces transparency.
• The “Hedge Strategy” page explains Forex hedging but is generic and lacks unique insights.
• Red Flags:
• Unsubstantiated award claims and vague promises of high profits.
• Generic content that does not differentiate TNFX from competitors.
• No detailed risk disclosures beyond standard warnings, which is concerning for a high-risk platform.
• Critical Evaluation:
• The website is professionally designed but lacks depth and transparency. The generic content and unverified claims undermine credibility, and the absence of robust risk disclosures is a significant oversight for a financial platform.

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12. Conclusion and Recommendations ¶

• Summary:
• Strengths: Professional website, Cloudflare hosting, active social media, and some positive user reviews on Trustpilot. Offers MT4/MT5 platforms and a range of trading options.
• Weaknesses: Significant withdrawal issues, regulatory warnings from RBI and CBR, weak Seychelles FSA regulation, high minimum deposit, deceptive marketing, and limited transparency. Multiple red flags suggest a high risk of scam-like behavior.
• Risk Level: High – Due to regulatory issues, withdrawal problems, and deceptive practices, TNFX poses a significant risk to investors.
• Recommendations:
• Avoid Unless Verified: Only engage with TNFX after thorough verification of its regulatory status and withdrawal reliability. Start with a small deposit to test the platform.
• Alternative Brokers: Consider brokers regulated by reputable authorities (e.g., FCA, ASIC, CySEC) with strong user reviews and transparent operations.
• Stay Informed: Monitor platforms like WikiFX, Trustpilot, and ScamAdviser for updated reviews and warnings about TNFX.
• Legal Action: If funds are lost, report to regulators and seek legal advice, but avoid unverified recovery services.
• Final Note:
• The evidence suggests that TNFX operates with questionable practices, including withdrawal denials and regulatory non-compliance. While some users report positive experiences, the prevalence of negative reviews and red flags indicates a high likelihood of financial risk. Approach with extreme caution, and prioritize platforms with stronger regulatory oversight and proven reliability.

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