TeraFX Journal
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TeraFX Profile
Website
Year
2015
Country
UK
Branches
2
Regulation
FCA UK
Registration
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted in
Not serving
х US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
106 ms
LPs total
7
LPs quality
Tier-2 PoPs, MTFs, Other
LPs names
Finalto, Global Prime, IG Markets, IS Prime HK, IS Prime UK, SquaredFinancial, Tera Yatırım Menkul Degerler, Wood & Company Financial Services
TeraFX Accounts
STP
Minimum Deposit
1 $
Leverage
30 : 1
Minimum Lot
0.01 lots
EURUSD spread
1.8 pips
Commission
0 $/lotRT
Volume
100 lots
Margin Call
80 %
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Deposit & Fees
Deposit methods
Bank Wire, Credit Card, Debit Card, Skrill, Neteller, Klarna, China UnionPay
Base currency
USD, EUR, GBP, PLN
Segregated accounts
yes
Interest on margin
no
Inactivity fee
after 1 months
| Update broker |
- Full listing profile: TeraFX broker profile
Is TeraFX safe?
- Investor protection: UK Financial Services Compensation Scheme (FSCS)
- Regulation: FCA UK
- Registration: FCA UK
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: yes
Is TeraFX trusted?
- Information transparency: high
★★★★★ - Customer service: prompt, helpful
★★★★★ - TeraFX website: highly detailed, updated
★★★★★ - TeraFX popularity (by visitor count): low visits
★★
How TeraFX works
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.
http://terafx.com/about-us/why-us
TeraFX is a STP-broker; the spread (minus our raw spreads) is our commission for executing your trade. ...we are straight through processing (“STP”) broker, known as matched principal.
16.14. Trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices (commonly known as “sniping”) are not acceptable.
https://legal.terafx.com//Legal/en/terms_of_business_retail/v03-07-2020.pdf
Tera is your venue of execution. We do NOT act as a Market Maker with respect to your transactions. In all circumstances your order will be passed through to an LP.
https://legal.terafx.com//Legal/en/execution_policy/v03-07-2020.pdf
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