TeraFX is an international broker, operating as a licensed broker in the United Kingdom.
Officially owned and operated by Tera Europe Limited, they are located at; Office 701, One Canada Square Canary Wharf, London E14 5AA United Kingdom. Contact phone number is: +442030484764. Customer support email address is: [email protected]. Official website is: https://www.Terafx.com.
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TeraFX Broker Reviews
The first thing we noticed when reviewing the new CFD Forex & Stock broker TeraFX, is that they are offering a choice of MT4 or MT5. Investors will find the mobile and desktop versions of the MetaTrader platforms available. Day traders will have the ability to trade either CFDs, or for UK residents, they can also place spread bets.
They offers leverage rates of up to 30:1, in accordance with MiFID rules. In total they offer more than 150 assets for CFD trading. Five different account types are offered, and the difference is the size of spreads and commissions. Most traders choose between the Starter account or the ECN, depending on your trading style. Demo accounts are available to test the trading platform.
TeraFX website is localized in many Asian Pacific countries including; English, Russian, Spanish, Arabic, Thai and Chinese.
Is TeraFX a Legit Broker?
Yes, TeraFX is licensed and regulated by the FCA in the United Kingdom. When trading with a United Kingdom FCA licensed broker, your account funds are insured for up to £85,000 by the Financial Services Compensation Scheme Protection.
- Tera Europe Limited is the official owner of this broker. They are Authorised by the Financial Conduct Authority in the UK, licensed number 564741.
The way that the Scam Broker Investigator reviews a Forex CFD broker to know if they are a scam or a real legitimate broker, is by checking their license. Investors and Day Traders always use a regulated broker, so that their funds are safe and stored in segregated bank accounts. It’s very important for day traders and investors to double check, that they broker they are investing with, is licensed and regulated.
What was your experience trading with TeraFX? Please write your review in the comment section below.
Compare Popular Brokers
Comparing between different brokers is actually very easy, once you know what you are looking for. The first thing to check for, is a valid license from your local government regulator. A legitimate broker is licensed and regulated locally, while a scam broker is not.
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