OctaFX information and reviews
OctaFX
94%
XM information and reviews
XM
93%
FXCC information and reviews
FXCC
92%
HFM information and reviews
HFM
91%
FxPro information and reviews
FxPro
89%
FXCM information and reviews
FXCM
87%

TeraFX Review and Information 2023

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.

MIFID

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:

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.

TeraFX Trading Information 2023


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
STP, $
ECN, $
Standard account, $ 100
Mini account, $
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 Reviews and Comments

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  
All TeraFX Reviews

Related Forex Brokers

# Forex Broker Reviews Status For Against Type Regulation Leverage Account
1OctaFX Detailed information and reviewsOctaFXReviews946BrokerSVG500$50
2XM Detailed information and reviewsXMReviewsRecommended937BrokerASIC, CySEC, FSC, DFSA1000$5
3FXCC Detailed information and reviewsFXCCReviewsRecommended928ECN, STPCySEC, SVG500$1
4HFM Detailed information and reviewsHFMReviewsRecommended919BrokerCySEC, FCA, DFSA, FSCA, FSA, CMA2000$0
5FxPro Detailed information and reviewsFxProReviewsRecommended8911Broker, NDDCySEC, FCA, FSCA, SCB500$100
6FXCM Detailed information and reviewsFXCMReviewsRecommended8713BrokerFCA, ASIC, SFC, CONSOB, BaFin, ACP30$300
7MultiBank Group Detailed information and reviewsMultiBank GroupReviews8614ECNASIC, BAFIN, CIMA, ESCA, FSC, MAS, FMA, TFG, HKCE, AUSTRAC, VFSC500$1000
8RoboForex Detailed information and reviewsRoboForexReviewsRecommended8515Broker, NDD, STPFSC2000$10
9Vantage Detailed information and reviewsVantageReviews8317BrokerCIMA, VFSC, ASIC, FCA, FSCA, FSC500$200
10FP Markets Detailed information and reviewsFP MarketsReviews8119ECN, STP, DMAASIC, CySEC, FSCA500$100
11Just2Trade Detailed information and reviewsJust2TradeReviews8020BrokerCySEC, NFA, FINRA, SIPC500$100
12AMarkets Detailed information and reviewsAMarketsReviewsRecommended7822BrokerThe Financial Commission, FSC of Cook Islands3000$100
13IronFX Detailed information and reviewsIronFXReviews7723MM, ECN, STPFCA, FSCA, CySEC30$100
14Amega Detailed information and reviewsAmegaReviews7426STPFSC Mauritius1000$20
15Rentalzi Detailed information and reviewsRentalziReviewsNew7426MMn/a200$2500
16Exness Detailed information and reviewsExnessReviews7426MM, NDDCySEC, FCA1000$1
17T4Trade Detailed information and reviewsT4TradeReviews7327ECN, STP, MMSeychelles FSA1000$50
18Geetle Detailed information and reviewsGeetleReviewsNew7327MMn/a400$5000
19AdroFx Detailed information and reviewsAdroFxReviews7327BrokerVFSC, FSA500$100
20Stockoza Detailed information and reviewsStockozaReviewsNew7327MMn/a400$50000
MultiBank Group information and reviews
MultiBank Group
86%
RoboForex information and reviews
RoboForex
85%
Vantage information and reviews
Vantage
83%
FP Markets information and reviews
FP Markets
81%
Just2Trade information and reviews
Just2Trade
80%
AMarkets information and reviews
AMarkets
78%

© 2006-2023 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.