TeraFX Journal

Journal status: live
TeraFX joined in | not yet
TeraFX Profile
Website
Year
2015
Country
UK
Branches
2
Regulation
FCA UK
Investor protection
Fund protection
UK Financial Services Compensation Scheme (FSCS)
Publicly traded
no
Restricted countries
Not serving
х US
Broker type
STP
Dealing book
A-book
Tier
3
Execution speed
...
LPs total
7
LPs quality
Tier-2 PoPs, MTFs, Other
LPs names
CFH Clearing, Global Prime, IG Markets, IS Prime HK, IS Prime UK, SquaredFinancial, Tera Yatırım Menkul Degerler

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
...
Stop Out
50 %
Execution
Market
Spread
floating
Scalping
no
Update broker

Is TeraFX safe?

  • Investor protection: UK Financial Services Compensation Scheme (FSCS)
  • Regulation: FCA UK
  • Registration: ...
  • Publicly traded: no
  • Segregated account: yes
  • Guaranteed Stop Loss: no
  • Negative Balance Protection: yes

Is TeraFX trusted?

  • Information transparency: high ★★★★★
  • Customer service: ...
  • 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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