What is Tomahawk?
Tomahawk is a forex and CFD broker based in United Kingdom, listed with a foundation year of 2009. It offers leverage up to 1:100, spreads from 0.0 pips and a minimum deposit of $250. Clients trade on Android, iOS and Computer and on mobile.
Tomahawk Finance is an online trading broker that has started its journey in 2009. This broker is based on MetaTrader5. This application can be operated from any android and iOS device along with windows and MAC computers. As this is based on MetaTrader5, this provides all the latest features and services. Traders can experience all-new MetaTrader5 with this broker.
This broker provides low-cost transactions. Their spread starts from 0.0 pips. This is the lowest spread a broker can provide. This broker is trader-friendly as it provides a spread of 0.0 pips. Spreads differ from category to category. But as they provide as low spread as possible, it helps lower the trading cost. They are already providing low-cost transactions, so it helps a trader or client to make more profit.
Tomahawk offers forex trading on more than 40 currencies. They provide trading on crude oil, which is known as black gold. Traders can trade on natural gas too. Oil and gas are some of the most demanding objects in the world and this is also very popular among traders. Clients can trade on more than 50 global assets on Tomahawk finance ltd. golds and silvers are also available for trading with this broker.
This broker provides services all over the world except Iraq, Congo, Syria, Rwanda, and some other regions. This broker has a very low rating in wikifx. Wikifx is a site where clients rate a trading broker. This broker has a score of 1.01 out of 10 ratings. This broker also has a suspicious regulatory license.
Is Tomahawk safe and regulated?
Tomahawk is regulated by Tomahawk Finance Co., LTD is a company regulated and authorized by Canada's Fintrac MSB. This is an offshore regulator. It sets capital and reporting rules, but its investor protection is lighter than tier-1 regulators such as the FCA (UK), CySEC (Cyprus) or ASIC (Australia), and there is usually no investor compensation scheme.
Safety checklist before you deposit
- Find the licence number on the broker's website and check it on the regulator's official register.
- Check that client funds are held in segregated bank accounts.
- Make a small first deposit and test a withdrawal before you add more.
- Confirm negative balance protection applies to your account type.
Tomahawk account types
The broker offers several account options so beginners and experienced traders can choose the right fit. Accounts open from a $250 minimum deposit.
| Account | Best for | Available |
|---|---|---|
| Mini account | Beginners trading small lot sizes | Yes |
| VIP account | High-volume traders wanting raw spreads | Yes |
| Islamic (swap-free) | Traders who need no overnight interest | No |
| Managed account | Investors who prefer a money manager | Yes |
Trading platform and conditions
Tomahawk provides Android, iOS and Computer, so you can trade from any browser without installing software. Mobile trading is supported as well.
- Scalping and hedging are permitted, which suits short-term and EA-style strategies.
- News trading is allowed during high-impact economic releases.
- Spreads from 0.0 pips are available on raw pricing, with a commission per lot.
- Leverage up to 1:100 gives large position sizes from a small deposit, which also raises the risk of fast losses.
Deposits and withdrawals
Tomahawk supports 1 funding method, including Bank Transfer. Accounts can be held in 2 base currencies (USD, EUR), which helps you avoid conversion fees.
Tomahawk bonus: <p>Currently, there is no welcome bonus they are offering. </p>
How the promotion works
The current Tomahawk promotion is <p>Currently, there is no welcome bonus they are offering. </p>. Entry rules, dates and eligible countries are set by the broker. Read the full terms on the Tomahawk website before you trade for it.
Check the promotionLooking for free trading credit instead? Compare the latest forex no deposit bonus offers and forex deposit bonuses.
Tomahawk pros and cons
Pros
- Raw spreads from 0.0 pips
- Scalping and hedging allowed
- News trading allowed
- VIP, Mini and managed accounts
Cons
- Only offshore regulation
- No investor compensation scheme
- $250 minimum deposit is higher than some rivals
- Android, iOS and Computer only in our listing, no MT4/MT5 confirmed
- No Islamic account listed
How to open a Tomahawk account
- RegisterVisit the Tomahawk website and sign up with your name, email and phone number.
- Verify your identityUpload a passport or national ID and a recent proof of address (KYC).
- Choose an accountPick VIP, Mini, managed or a standard account, and your base currency.
- Fund the accountDeposit at least $250 with Bank Transfer.
- Start tradingLog in to Android, iOS and Computer or the mobile app and set your risk per trade.
Is Tomahawk a good broker? Our verdict
Tomahawk suits active traders who want raw spreads, freedom to scalp or trade the news. The main trade-off is regulation: an offshore licence gives less protection than a tier-1 regulator. Start small, test a withdrawal, and only trade money you can afford to lose.