TeraFX review and tutorials

TeraFX

Detailed TeraFX Review 2020: Forex, CFD'S and Crypto Regulated Broker

TeraFX is an electronic trading platform that offers access to Forex and Difference Contracts on Indices, Commodities and Precious Metals through its unparalleled, strictly regulated trading system and comprehensive technology.

Operating from London, TeraFX provides vast trading opportunities across platforms and aims to meet the needs of traders with varying portfolios, sizes and strategies. One of the positive things about TeraFX is its validated NDD-based technology that transfers your trading orders directly to the market through its various liquidity providers.

TeraFX

TeraFX trading information

Bonus
No
Instruments
Forex, CFDs, Metals
Demo Account
Yes
Min. Deposit
100$
Min. Trade
0.4
Regulated By
FCA
MT4 Integration
Yes
Mobile Apps
No
Auto Trading
No
Trade Signals
No
Islamic Account
No
TeraFX

Forex

GBPUSD Spread
N\A
EURUSD Spread
N\A
EURGBP Spread
N\A
Assets
N\A

CFD

FTSE Spread
N\A
GBPUSD Spread
N\A
Oil Spread
N\A
Stocks Spread
N\A

Cryptocurrency

Spread
N\A
Coins
N\A

Official TeraFX Registration

What is TeraFX ?

TeraFX is an online trading platform that offers access to Forex and Contracts for Difference CFDs on Indices, Commodities’ and Precious Metals through its strictly regulated trading system and solid technology.

Operating from London, TeraFX provides vast trading opportunities across platforms and aims to meet the needs of traders with varying portfolios, sizes, and strategies. One of the positive things about TeraFX is its validated NDD-based technology that transfers your trading orders directly to the market through its various liquidity providers.

TeraFX

Education

In addition to its attractive trading access, TeraFX also proposes some of the interesting costs that are described as spreads starting from 0.6, all of which are accompanied by educational and analytical tools. Of course, education is very important to trading, so TeraFX helps you with educational videos, an economic calendar.

TeraFX

Is TeraFX safe or a scam?

TeraFX is a UK business, founded in compliance with strict local laws and standards. As you know the UK is a well-established global financial center that has also produced some of the most respected financial markets and trading regulators established as the FCA.

TeraFX is also regulated and authorized by the FCA, which offer a straight-through process brokerage service to ensure your protection and compliance with the requirements of the authorizations and straightforward trading.

TeraFX

Concurrently with hard to achieve capital requirements and operational standards how the broker should deliver its service to clients, TeraFX also applies strict money rules to ensure its safety. Clients’ funds are held in a separate bank account and are also protected by FSCS in case of the company insolvency..

In addition, the broker is continuously audited and controlled and in the case of any violation, the business can be suspended in its entirety. That’s just a few reasons why you can trust only controlled brokers and avoid, by all means, offshore companies that never have fair guarantees.

Platforms for trading

TeraFX made a smart decision and selected MetaTrader4 as its mainstay of established trading technology and applications. This platform is not only the most widely used software among world traders, either beginners or professionals, but is also highly customizable and yet customer-friendly.

MT4 is renowned for its fantastic charting kit with additional drawings and annotations, with more than 40 indicators are at your fingertips. Also, TeraFX makes backtest strategies through its Demo account, while you can further participate in live trading with minimal risks due to its wide range of accounts, which we’ll get back to in more detail.

TeraFX

Another big advance of MT4 is its algorithmic trading or robotic capabilities with well-known EAs accessible either from the selection process or manageable by your coding skills. So all in all, followed by efficient execution TeraFX offers, as well as the availability of VPS and trading resources, you have every chance of making your trading success with TeraFX.

Costs and fees

In the first place, within the frame of our TeraFX Analysis, let us check on the account offering and what the proposed trading conditions are. TeraFX has built 7 Account forms, each of which is customized to different needs and can differ across its offering. Retail traders of smaller sizes who need Micro trading or for retail traders of bigger size or corporate each will get its customized solution.

TeraFX

Fees

As far as trading conditions and spreads are concerned, TeraFX has built its fees into a variable spread starting from as low as 0.6 pips, of course, depending on the type of account you trade. Thus, the ECN and Professional account have a raw spread with a markup added to the TeraFX cost, also defined by the account type, i.e. starting from 0.4 Pips for Oil.

You can see some spread examples below.

TeraFX

In addition, you should also remember a swap or rollover rates that are charged if the position is open longer than a day. See below for a list of swap costs.

TeraFX

Leverage

Leverage is a well-known instrument that multiplies the initial capital you trade and can be a very useful tool to increase your potential gains. However, it should always be noted that high leverage can also work in reverse.

TeraFX, being a controlled broker by the UK authority, achieves its full flexibility according to its limitations. Retail traders can, therefore, may use restricted Leverage up to a maximum of 1:30 on Forex instruments under the European FCA Regulation. So professionals and others who have verified their status can have exposure to high leverage up to or including 1:100.

Funding methods

So once you’re ready for live trading, you’ll be able to deposit money with versatile TeraFX-supported funding methods that give you complete control over your account management. These methods include bank transfers, a variety of e-wallets, and card payments.

Minimum deposit

As for the minimum deposit, TeraFX has set just $100 as a start allowance, which is perfect for a variety of reasons. Yet, various types of accounts may need different amounts in the opening state. Always ensure that the required margins on a trading instrument are reviewed.

TeraFX

Fee for withdrawal

Another great change to TeraFX is a $0 fee on all deposits and withdrawals. Furthermore, you should also consult with the payment processor whether the party charges any transaction fees which may also apply on the basis of the terms and conditions of the different jurisdictions.

Conclusion

In general, TeraFX is a reputable broker with tight supervision and relatively affordable service with great trading opportunities. What is really nice, a large variety of accounts, which give a great opportunity to fit market conditions with your trading strategy.

So TeraFX is an excellent choice for begging traders and professionals as well together with its low deposit, range of instruments, platforms, advanced education and support.

TeraFX

CLAIM OWNERSHIP

If you are the owner of this platform you can manage this account. First you need to claim the ownership of the platform.

TeraFX
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