TeraFX Broker Reviews and Full Information

What is Tera FX?

Trading can be a risky venture it isn't everyone's piece of cake. It takes years of experience to know the market and create strategies based upon the knowledge gained in the course of years.

Tera FX is owned by Tera Europe Ltd and was founded in the year the year 2011. The company is currently operating from London, United Kingdom, it has an established reputation on the market for online brokerages and is tightly regulated under the Financial Conduct Authority (FCA).

It is determined to provide customers with the best trading experience and a wide range of chances to demonstrate it is concerned about its customers. It is based with its NDD model and offers at least 60 forex pairs as well as CFDs, indicesand commodities and more.


 

Pros

Cons

FCA provides regulation.

There are no US customers in the United States.

A variety of trading instruments available.

No Islamic account available.

MT4 platform available.

 

 

 

10 Points Summary

Headquarters

United Kingdom

Regulation

FCA

Platforms

MT4

Instruments

Indices, Forex, Commodities, CFDs

EUR/USD Spread

0.6 pip

Demo Account

Yes

Minimum deposit

100$

Base currencies

USD, EUR, GBP

Education

Provided

Customer Support

24/5

How Secure Are You? Tera FX?

Does your online broker ensure maximum protection? If the answer is no, it's time to get rid of the broker.

The security offered by brokers is the primary and most important thing that draws investors to it. Everybody wants to feel safe and secure.

Tera FX takes the protection of its traders extremely carefully and will not make any compromises on this. It is controlled by Financial Conduct Authority (FCA) with strict rules that brokers must adhere to at all times. In addition, Tera FX claims to keep the funds separate from the account to protect them.


 

Pros

Cons

The strictest regulation is by the FCA.

None.

Bank accounts that are segregated.

 

 

 


 

Awards:

An award is presented to honor for the hard work that is required to provide exceptional service. Prior to the time when the winner of the award will be announced, there is a selection committee is appointed to review the work in depth and makes a final decision. Thus, the validity of awards is never doubted.

Tera FX has not won any awards to date.

 

Are Axiory brokers a scam ? Or secure?

You may have heard a few stories of people getting scammed on the internet. Why is this happening? It is due to an insufficient amount of research before making a decision about the best broker online.

Tera FX has an esteemed reputation and is strictly controlled by FCA So the odds for Tera FX being a scam are very unlikely. In reality, they store the money of their traders on separate bank accounts.

So, if you're contemplating a move to Tera FX take a seat and relax as you know you have made the right decision.

 

Account:

Tera FX offers six different account types : Starter Premium ECN Professional, Corporate and an account for Demo.

STARTER ACCOUNT This type of account, an initial amount that is $100 must be made. There are 84 different trading instruments offered on this account and the platform used for this account is MetaTrader 4. Furthermore, four different kinds of currencies are provided, i.e., EUR and PLN, USB and GBP. The commission is zero and leverage is 1:3.

Premium Account The options offered with this account is identical with the account that started it all however, a total of the 147 instruments for trading are provided. The leverage is 1:31.

ECN ACCOUNT Similar to the premium and starter accounts. However the instruments for trading offered are 82.

PRO ACCOUNT The account has been specifically designed for professionals who trade. The account comes with a range of features including adjustable spreads and the minimum size for trades is 0.01 and commissions are available upon request. The leverage is available up to 1:200 and the most commonly used instruments for trading include Forex, Commodities and Indices.

COMPANY ACCOUNT The details are available on the site for this kind of account. If you're looking to open an account for a company then you should contact the customer support department.

Demo Account Demo accounts is a model for traders who just begun. They can test their skills on the line in a safe environment.

 


 

Pros

Cons

Demo account is available.

Islamic account is not available.

The minimum deposit of $100.

 

Different types of accounts available.

 


 

Trading Instruments:

Tera FX provides numerous trading instruments for traders, including:

Commodities

CFD Trading

Indices

Forex

ETFs

Cryptocurrencies.


 

Pros

Cons

A variety of trading instruments are accessible.

None.

Forex as well as CFD trading is available.

 

 

 



 

 

 

Trading Platforms:

These MetaTrader platforms are among the most popular and sought-after platforms for trading. There is nothing that can compare to the powerful tools they offer that facilitate trading.

Tera FX offers powerful MetaTrader platforms to traders. It has simple user interfaces to make sure there are no issues. The tools available include price alerts, backtesting, different indicator types, EA with multilingual customer support.

In addition there is MetaTrader accounts are also accessible. MetaTrader account is accessible through the Android or Apple phone. The available features include market news updates as well as data charts, trade performance , and many more.

 

Pros

Cons

MetaTrader platforms are supported.

None.

Simple user interface.

 



 

 

Trading Fees:

The cost of trading is calculated based on spreads and commissions which vary according to the type of account. The lowest spread begins at 0.6 pip. Furthermore the broker does not charge any withdrawal or deposit fees.

 

Pros

Cons

Variable spreads.

None.

No fee for deposits or withdrawals

 

Commission is dependent on the type of account.

 

 

 



 

 

 

Deposit & Withdrawal Options:

Tera FX offers several depositing methodsthat make the process quick and simple. The minimum amount to deposit for all depositing methods is set at $100, and there is no maximum limit specified. The depositing methods are:

Bank Transfer: This procedure takes between 2 to 4 business days.

Credit or debit card: The process is fast.

E-wallet: This process is fast.

The currencies available for these types of transactions include USD GBP, USD, PLN as well as EUR. All transactions are free.

The procedure of withdrawing is the same as depositing because the same options are available. But, the timing is different.

The bank transfer could take up to 5 business days to process the withdrawal while credit/debit cards require two to five days to process. The withdrawal process is free however, if the withdrawal is made from a bank account that there was no transaction A fee of $25 is assessed.


 

Education:

To grasp the fundamentals of trading and the way it operates fundamental educational resources are essential. It is impossible to become a certified and skilled trader in just a few minutes without having any experience.

Tera FX is dedicated to helping novice and prospective traders learn the basics of trading, that's why it provides access to numerous webinars and an economy calendar.

A glossary section is accessible on their website, that anyone is able to access. You must now inquire what the point of an glossary and how it could assist someone who is new to the world of trading. A glossary defines the essential terms that traders employ on a regular basis.

Customer Support:

Tera FX strongly believes in the idea that a quality customer service service is equal to a happy trader. The team of customer support strives to help traders with any issue they might confront.

The support team can be reached via online chat service, an email or telephone. Response time is quick and support for multilingual languages is available. A FAQ section is on the site to answer any questions traders might have.

 

Pros

Cons

Multiple languages supported.

None.

There are many ways to reach the team.

 

The response is fast.

 



 

 

 

Conclusion:

Tera FX has managed to establish a solid reputation in the field in trading from its beginning. It appears to be the best option for an online broker since it is determined to provide the best and convenience for its clients with exceptional trading conditions.

It has a range of trading instruments that you can choose from, as well as a top customer service. Financial Conduct Authority (FCA) oversees the company with strict rules which guarantee that Tera FX is a legit online broker and it will not cause harm to the traders who use the firm.

Overall, Tera FX is a secure choice due to the vast selection of options they offer.

 

 

 

Frequently Asked Questions (FAQs)

Are Tera FX regulated?

It is true, Tera FX is regulated by the Financial Conduct Authority (FCA)

What is the minimum amount to deposit?

The minimum amount for deposit is 100$.

Do you have a demo account that is offered through Tera FX?

Yes, Tera FX offers a demo account.

Does there exist a fees for withdrawals or deposits?

There is no charge, Tera FX does not charge any withdrawal or deposit fees.

What platform does Tera FX offer?

Tera FX offers the popular MT platform.

Summary
Properties Values
Name
TeraFX
Minimum Diposit
$ 100
Leverage
1:30
Regulation
FCA (United Kingdom),,,
Headquarters
London, the United Kingdom
Established
2011
Address
Eski Büyükdere Cad. No:9 İz Plaza Giz Kat:8, 34398, Turkey
Platform
MT4,,,,,,
Payment Method
Visa,Mastercard,Credit Card,Wire,Skrill,Neteller,Perfect Money,,,
Overview
Properties Values
Spreads
0.6 pips
Min Position size
0.01
Broker Type
ECN (electronic communications networks),NDD (Non Dealing Desk),,,,,,
Account Type
Fixed Spread,Zero Spread,RAW Spread,Standard,,,
Brokers by Country
UK Forex Brokers,,,
Techniques
Scalping Forex Brokers,Automated Trading Brokers,Mobile Trading Brokers,,,
Instruments
Forex Trading Brokers,Gold Trading Brokers,Stock Trading Broke,Oil Trading Brokers,Metal Trading Brokers,Indexes Trading Brokers,,,
Account currency
,USD,,USD,,USD,,USD,,USD,,USD,,USD,,USD,
Tools
Economic Calendar,Charting Software,Profit Calculator,,,
Website Languages
en,,,
Support languages
en,,,
Bonus
Yes
Reviews Rating
4.2
Withdrawal Fee
Yes
Trading Signals
No
Free Education
Yes
Daily News
No
Demo account
Yes
Swapsr
Yes
Pors
1. TeraFX is ar eliable broker with good regulation, smooth account opening, various funding methods and good range of account types, including Micro trading or commission based trading.
Cors
2. education is rather basic and there is no 24/7 support.
Display Analysis
Yes
Serving country
,,
Not Serving country
,,
Contests
No
Market analysis
No
Copy Trading Brokers
No
Bitcoin Forex Brokers
Yes
Social trading
Yes
Web trading
Yes
Forex pairs
Yes
CFDs
Yes
Crypto
Hedging
Yes
PAMM
Myfxbook Auto trade,Mql5 signals,,,
Mobile Trading
Scalping
Yes
Automated Trading
Yes
Partnership Programs
Yes
Free Phone
+44(0)203 048 4764
Customer Support
24/5
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