- Types of accounts
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TeraFX is a brokerage company that provides access to Forex and CFDs on indices, commodities and precious metals. One of the advantages of TeraFX is its proven NDD execution-based technology, which transmits your trading orders directly to the market through its many liquidity providers.
TeraFX is a British broker that provides online trading services in accordance with strict local laws and standards. The UK is a well-known financial center of the world, which also supports some of the most respected financial markets and trading regulators, known as the FCA.
Therefore, TeraFX is regulated and licensed by the FCA, which guarantees the security of your funds and transparent trading conditions. Customer funds are held in a separate Bank account and are also protected by the FSCS in the event of the company's insolvency.
TeraFX, as a broker regulated by the UK authorities, complies with the maximum leverage in accordance with its restrictions. Thus, according to the European FCA regulation, retail traders can use limited leverage up to 1:30 on Forex instruments. And professionals who have confirmed their status can get access to a higher leverage of up to 1:500.
TeraFX trading accounts
TeraFX has developed 5 types of accounts (Starter, Premium, ECN, PRO and Corporate), each of which is suitable for specific needs and may differ in its offer.
In terms of trading conditions and fees, TeraFX offers low spreads from 0.6 pips. Please noteplease note that trading conditions depend on the type of account you are trading on. In addition, you should always consider the swap rates that are charged if the position is open for more than one day.
The TeraFX broker placed a bet on the proven MetaTrader 4 trading platform. This platform is not only the most frequently used software among the world's traders, both beginners and professionals, it also has a wide range of customization options and user-friendly interface.
As for the minimum Deposit, TeraFX has set $ 100 as the first Deposit. However, different types of accounts may require different amounts of deposits.
Overall, TeraFX is a reliable broker with strict rules and a fairly competitive offer with excellent trading opportunities. What we really like is the wide range of trading accounts that will give you a great option for your strategy.
However, we will be happy to hear your personal opinion about the broker, and if you are a novice trader, you can read the reviews of TeraFX and see our independent rating of Forex brokers.
- The year of Foundation 2011
- Head office address Office 701, One Canada Square Canary Wharf, London, E14 5AA UK
- Maximum leverage 1:500
- Min. Deposit $100
- Regulation FCA
- Trading platform
- Payment system to enter Bank Transfers, Debit/Credit Cards , Skrill, SOFORT, UnionPay
- Payment system for withdrawal Bank Transfers, Debit/Credit Cards , Skrill, SOFORT, UnionPay
- Number of trading instruments 60
- The number of CFD instruments 20
- The number of metals 4