HFM information and reviews
Octa information and reviews
FXCC information and reviews
FxPro information and reviews
FBS information and reviews
Vantage information and reviews

TeraFX Review and Information 2024

TeraFX Information and Review TeraFX
Voting Rating TeraFX does not participate in the Forex Rating
Submit Forex Broker
Reviews Rating
Regulation FCA
Trading software MetaTrader 4
Headquartered Office 701, One Canada Square Canary Wharf, London, E14 5AA UK

TeraFXUK provides online trading in Forex and Contracts For Difference (CFD’s) in Indices, Commodities and Precious Metals including Gold and Silver. Operating from the City of London and regulated by the UK’s Financial Conduct Authority (FCA), our mission is to provide our customers with an exceptional trading experience. First rate customer service, reliable trusted dealing technology, and a transparent No Dealing Desk (NDD) execution model enable us to meet the needs of all Forex traders. Our multi-lingual Client Service team are available 24/5 and can be contacted by live chat, email or telephone.

TeraFXUK is a trading name of Tera Europe Limited, company registration number 7604372.

Regulated Broker

TeraFX is a straight through processing broker authorised and regulated by the Financial Conduct Authority (“FCA”) in the UK (registration number known as FRN is 564741). TeraFX up to date details including scope of permissions, trading name, related parties, contact details, address and more could be verified using FCA Online Register.

TeraFX has permissions to accept three types of clients: retail, professional and eligible counterparties. On your application to open an account with TeraFX you are classified appropriately as per our Classification Policy. Under, FCA rules our Retail clients, afforded with the maximum level of regulatory protection.

Segregated client funds

At TeraFX client safety is our main focus. As TeraFX is a regulated broker and in accordance with CASS (Client Asset Sourcebook) we need to uphold certain rules and obligations, offering our clients the fullest security. As stipulated by the FCA client money rules, TeraFX is obliged to segregate all its retail clients’ funds from its own funds.

All our retail clients’ funds are held in separate bank accounts with the world’s top tier one banks and held separately from Tera’s own funds. This ‘ring-fenced protection‘ means that Tera cannot use these funds for any operational purpose.

Whilst we still perform reconciliations of professional client funds, we are not obliged and do not keep professional client funds on a segregated bank account by default. We can, however, consider requests for segregation from our Professional clients on a case by case basis.

Investor protection and compensation

As a UK based, authorised and regulated financial services firm, our clients are afforded the protection of the Financial Services Compensation Scheme (FSCS), subject to scheme eligibility. This means that cash and assets held by us are covered by the FSCS. This means that if, in an unlikely event, we are unable, or likely to be unable, to pay claims against us, customers can apply to the FSCS for compensation. Any claim will be limited to £85,000 per individual.


The Markets in Financial Instruments Directive is a European Union law that provides harmonised regulation for investment services across the 31 member states of the European Economic Area.

At TeraFX we uphold all aspects of MiFID making sure our clients receive the most secure way of trading:

  • Authorisation, regulation and passporting
  • Client categorisation
  • Client order handling
  • Pre-trade transparency
  • Post-trade transparency
  • Best execution

Please note even in the event of Brexit MiFID provisions are embedded into national legislation.

Customer Care and Complaints Policy

At TeraFX we pride ourselves on our levels of customer support and aim to provide the best possible service to all of our clients. We hope that if an issue were to arise we would be able to promptly put things right, however if you felt that our Customer Support team hadn’t resolved the issue satisfactorily you are able to refer your complaint to our Compliance Department.

What we offer

At TeraFXUK we are committed to providing our clients access to the most popular global markets via the most popular trading platform – MT4.

  • Over 60 currency pairs
  • CFD’s on indices and commodities
  • Spreads from 0.6
  • Up to 30:1 leverage (retail clients)
  • Up to 500:1 leverage (professional clients)
  • No Dealing Desk execution
  • $100 minimum deposit
  • MT4
  • Education & Analysis
  • Partnership Programmes

TeraFX Trading Information 2024

WWW https://terafx.com/
Address Office 701, One Canada Square Canary Wharf, London, E14 5AA UK
Headquarters Office 701, One Canada Square Canary Wharf, London, E14 5AA UK
Free phone +44(0)203 048 4764
Digits after the dot in quotes 5
Minimum position size 0.01
Spread Type Variable
Pip spread on majors 0.6-3
Maximum Leverage 500
Standard account, $ 100
Popular payment methods Debit/Credit Cards
Account currencies EUR, USD
Available assets Over 60 currency pairs, CFD’s on indices and commodities
Languages English
Platforms MetaTrader 4
Broker type NDD
Regulation FCA
Foundation 2011

TeraFX Traders' Reviews

Any trading styles are allowed at the TeraFX broker. The guys and I can be said to be a group of like-minded people, we practice working on market noise at low timeframes. There are no restrictions on minutes for open trades, the SD system strategy showed itself well, which we slightly improved to fit the realities of the current market. I operate a low-risk fx-prime EA on my account on M1. I downloaded the indicators from the broker, there are a lot of things in the terminal. The broker does not take commissions from the turnover, the spreads are low. Together with the guys, we will add a couple more features for a new robot for the Asian session, I will open another account with this broker for $3-4k and bet. The robot was successfully tested on a low deposit.
  11 May 2023  

Please login to start commenting.

All TeraFX Reviews

Related Forex Brokers

# Forex Broker Overall Rating Status Reviews Type Regulation Leverage Account
1Register HFM trading accountHFMOverall Rating for HFM: 5 starsTrusted 259 Reviews and comments BrokerCySEC, FCA, DFS...2000:1$1
2Register Octa trading accountOctaOverall Rating for Octa: 5 stars 360 Reviews and comments BrokerSVG500:1$50
3Register FXCC trading accountFXCCOverall Rating for FXCC: 5 starsTrusted 223 Reviews and comments ECN, STPCySEC, SVG500:1$1
4Register FxPro trading accountFxProOverall Rating for FxPro: 4.5 starsTrusted 946 Reviews and comments Broker, NDDCySEC, FCA, FSC...500:1$100
5Register FBS trading accountFBSOverall Rating for FBS: 4.5 starsTrusted 520 Reviews and comments BrokerIFSC, CySEC, AS...3000:1$1000
6Register Vantage trading accountVantageOverall Rating for FBS: 4.5 stars 33 Reviews and comments BrokerVFSC, ASIC, FCA...1000:1$200
7Register XM trading accountXMOverall Rating for XM: 4 starsTrusted 279 Reviews and comments BrokerASIC, CySEC, FS...1000:1$5
8Register FP Markets trading accountFP MarketsOverall Rating for FP Markets: 4 stars 33 Reviews and comments ECN, STP, DMAASIC, CySEC, FS...500:1$100
9Register AMarkets trading accountAMarketsOverall Rating for AMarkets: 4 starsTrusted 51 Reviews and comments BrokerMISA, FSA, FSC,...3000:1$100
10Register Errante trading accountErranteOverall Rating for Errante: 4 starsTrusted 4 Reviews and comments DMA, ECN, MMCySEC, FSA500:1$50
11Register IronFX trading accountIronFXOverall Rating for IronFX: 4 stars 224 Reviews and comments MM, ECN, STPFCA, FSCA30:1$50
12Register T4Trade trading accountT4TradeOverall Rating for T4Trade: 4 stars 79 Reviews and comments ECN, STP, MMSeychelles FSA1000:1$50
13Register RoboForex trading accountRoboForexOverall Rating for RoboForex: 4 starsTrusted 285 Reviews and comments Broker, NDD, STPFSC2000:1$10
14Register Exness trading accountExnessOverall Rating for Exness: 4 stars 657 Reviews and comments MM, NDDFSA, CySEC , FC...2000:1$1
15Register Just2Trade trading accountJust2TradeOverall Rating for Just2Trade: 4 stars 105 Reviews and comments BrokerCySEC, NFA, FIN...500:1$100
16Register MarketRocks trading accountMarketRocksOverall Rating for Just2Trade: 4 starsNewcomer 17 Reviews and comments MMn/a400:1$2500
17Register ModMount trading accountModMountOverall Rating for Just2Trade: 4 stars 11 Reviews and comments BrokerFSA400:1$250
18Register PowerStox trading accountPowerStoxOverall Rating for Just2Trade: 4 stars 96 Reviews and comments MMn/a400:1$2500
19Register FXNovus trading accountFXNovusOverall Rating for Just2Trade: 4 stars 18 Reviews and comments BrokerFSCA400:1$250
20Register Nixse trading accountNixseOverall Rating for Just2Trade: 4 stars 178 Reviews and comments ECNn/a400:1$15000

* Forex Broker Rating accepts no liability for any errors in the information, trading conditions and forex reviews. For the most recent information please visit the Forex Broker's site. If you want to compare several brokers or analyze their trading conditions, please use our free comparison and research tool which will vividly show you the main benefits of the best forex brokers.

MultiBank Group information and reviews
MultiBank Group
XM information and reviews
FP Markets information and reviews
FP Markets
FXTM information and reviews
AMarkets information and reviews
BlackBull information and reviews

© 2006-2024 Forex-Ratings.com

The usage of this website constitutes acceptance of the following legal information.
Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website (reviews, brokers' news, comments, analysis, quotes, forecasts or other information materials provided by Forex Ratings, as well as information provided by the partners), including graphical information about the forex companies, brokers and dealing desks, is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Forex Ratings shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about the forex companies. The entire responsibility for the contents rests with the commentators. Reprint of the materials is available only with the permission of the editorial staff.
We use cookies to improve your experience and to make your stay with us more comfortable. By using Forex-Ratings.com website you agree to the cookies policy.