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- Full listing profile: tegasFX broker profile
Is tegasFX safe?
- Investor protection: no
- Regulation: VFSC Vanuatu
- Registration: no
- Publicly traded: no
- Segregated account: yes
- Guaranteed Stop Loss: no
- Negative Balance Protection: no
Is tegasFX trusted?
- Information transparency: high
- Customer service: prompt, helpful
- tegasFX website: highly detailed, updated
- tegasFX popularity (by visitor count): top visited
How tegasFX works
tegasFX provides you a true ECN/STP trading environment with access to an aggregated multi-bank feed of over 30 Liquidity Providers. Our ToB (Top-of-Book) volume is at least 1 million, compared to many of our competitors who price with a minimum ToB of just 0.1 million.
14. MARKET MAKING
14.1 When TegasFX executes orders as Agent for the Client on a recognized stock or futures exchange, TegasFX will not be a party to such a trade as such orders will be executed in the trading system of the relevant exchange at the best price and the most favourable conditions available at the time of the order or according to the Client's specific instructions, e.g. in a situation where the Client has chosen to limit the order. TegasFX will not include any additional spread in the price of the execution achieved for the Client but will be remunerated according to the Commissions, Charges & Margin Schedule.
14.2 The Client is specifically made aware that in certain markets, including the foreign exchange markets, OTC foreign exchange options and CFD Contracts, TegasFX may act as a Market Maker.
14.3 When acting as a Market Maker, TegasFX will under normal market circumstances quote the Client bid and ask prices.
14.6 The Client accepts that TegasFX in such markets where TegasFX acts as Market Maker, may hold positions that are contrary to positions of the Client, resulting in potential conflicts of interest between TegasFX and the Client, cf. Clause 16.
14.7 In markets, where TegasFX acts as a Market Maker, the Client accepts that TegasFX has no obligation to quote prices to clients at all times in any given market, nor to quote such prices to clients with a specific maximum spread.
14.8 In markets, where TegasFX acts as a Market Maker, TegasFX may or may not charge commissions. However, irrespective of whether or not TegasFX charges any commissions, the Client accepts that TegasFX will seek to make additional profits out of its performance as a Market Maker and the size of any such profits may be considerable if and when compared with the Client's margin deposit.
16. CONFLICTS OF INTEREST
16.1 TegasFX, its associates or other persons or companies connected with TegasFX may have an interest, relationship or arrangement that is material in relation to any transaction or Contract effected, or advice provided by TegasFX, under this Agreement. By accepting this Agreement and TegasFX's Conflict of Interest Policy (which distinctly describes the general character and/or background of any conflict of interest) the Client agrees that TegasFX may transact such business without prior reference to any potential specific conflict of interest.
5.13 Trading strategies aimed at exploiting errors in prices and/or concluding trades at off-market prices (commonly known as "sniping") are not accepted by TegasFX.