tegasFX Journal

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tegasFX Profile
Year
2016
Country
Vanuatu
Branches
1
Regulation
VFSC Vanuatu
Registration
no
Investor protection
Fund protection
no
Publicly traded
no
Restricted countries
Not serving
х Bangladesh, Belarus, Bolivia, Congo, Cuba, Ecuador, Iran, Ivory Coast, Kyrgyzstan, Liberia, Libya, North Korea, Singapore, Sudan, Syria, US, Vanuatu, Zimbabwe
Broker type
STP, ECN pricing
Dealing book
A-book
Tier
3
Execution speed
7 ms
LPs total
20
LPs quality
Tier-1 Banks, Non-Banks, ECNs
LPs names
BNP Paribas, Citibank, Currenex, Deutsche Bank, FXall, JPMorgan, KCG, UBS

tegasFX Accounts
STP
DMA
Minimum Deposit
200 $
200 $
Leverage
200 : 1
200 : 1
Minimum Lot
0.01 lots
0.01 lots
EURUSD spread
0 pips
0 pips
Commission
8 $/lotRT
8 $/lotRT
Volume
200 lots
200 lots
Margin Call
100 %
100 %
Stop Out
70 %
70 %
Execution
Market
Market
Spread
floating
floating
Scalping
yes
yes
Update broker

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 offer you a deep access to Tier-1 Bank’s, non-Bank Liquidity Providers and ECN’s. Directly Fibre-Connected in the Equinix LD4 Datacenter. We aggregate prices from over 20 Liquidity Providers.

Our MetaTrader 4 ECN/STP Platform is directly Fibre connected to our Price which ensures that our clients always get the best Prices and a access to a deep Liquidity Pool.

We don’t expose our clients to our Liquidity Providers! The whole liquidity is No-Last-Look Liquidity!

https://www.tegasfx.com/

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.

https://www.tegasfx.com/Client-Service-Agreement-tegasFX.pdf

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