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.

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

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 produced some of the most respected financial markets and trading regulators established as the FCA.
TeraFX is regulated and authorized by the FCA. It offers a straight-through process brokerage service to ensure protection and compliance with the requirements of the authorizations and trading.

Concurrently with hard to achieve capital requirements and operational standards on how the broker should deliver its service to clients, TeraFX applies strict money rules to ensure its safety. Clients’ funds are held in a separate bank account and are protected by FSCS in case of the company insolvency.
In addition, the broker is continuously audited and controlled and in 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 offshore companies that never have guarantees.
Trading Platforms
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 but is also highly customizable and customer-friendly.
MT4 is renowned for its fantastic charting kit with additional drawings and annotations, with 40+ indicators are at your fingertips. Also, TeraFX makes backtest strategies through its Demo account. 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.

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 coding skills. Followed by the efficient execution TeraFX offers, VPS and trading resources, you have every chance of making your trading successful.
Costs and fees
Within the frame of our TeraFX Analysis, check the account offering and the proposed trading conditions. 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, retail traders of bigger sizes, corporate each will get customized solutions.

As for trading conditions and spreads, TeraFX has built its fees into a variable spread starting from as low as 0.6 pips, depending on the account type. The ECN and Professional account have a raw spread with a markup added to the TeraFX cost, defined by the account type, i.e. starting from 0.4 Pips for Oil.
You can see some spread examples below.

Always remember 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 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.
TeraFX Minimum deposit
As for the minimum deposit, TeraFX has set it at just $100, 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.

Fee for withdrawal
Another great change to TeraFX is a $0 fee on all deposits and withdrawals. Furthermore, you should consult the payment processor for any transaction fees which may apply depending on the different jurisdictions.
Conclusion
In general, TeraFX is a reputable broker with tight supervision and relatively affordable service with great trading opportunities. Benefits include a large variety of accounts, which give a great opportunity to fit market conditions with your trading strategy.
TeraFX is an excellent choice for beginners and professionals with low deposits, range of instruments, platforms, advanced education and support.