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TegasFX Review

  • Over 10,000 users and traders
  • Fast order execution
  • Minimum deposit from $200
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Overview

Pros & Cons

Platforms

Overview

TegasFX was established in 2008 as a global financial trading platform and multi-asset ECN broker. The company is a true Electronic Communication Network (ECN) with low market spreads, low-latency infrastructure, and various instruments.

TegasFX is a regulated forex broker working under VFSC regulatory authority. The headquarters of TegasFX is located in Vanuatu. For over 14 years, TegasFX has been offering four ways of trading to retail investors

  1. Forex Trading
  2. CDF trading
  3. Social trading
  4. Trading

TegasFX manages three types of accounts. No matter if you are a beginner or professional level trader, the brokerage can accommodate various levels of traders.

The assets and products available on the broker’s platforms depend on the region of your world and the entity you hold an account with. To acquaint yourself with the account types, you can sign-up for a free demo account, and the minimum deposit you need to have with TegasFX is $200.This review explains it:

Is TegasFX legit or a scam? Read before opening an account.

No, it is not protected to trade with TegasFX. The forex broker is regulated under the VFSC regulatory authority, which does not provide robust safety to its clients as 1st tier regulatory bodies (such as the British Financial Conduct Authority).

Considering that there are various forex brokers with better regulation and higher trading options, it makes no sense to alternate with TegasFX.

Furthermore, TegasFX claims that its international requirements are fulfilled while customer’s funds are held in segregated multi-bank accounts. Although there are many methods the dealer can use to guard him and not fall beneath a variety of risks, the first is to choose amongst the most reputable and well-regulated brokers.

Since after making the mistake of investing with an organization that misses serious legislation, it will be very challenging and nearly impossible to get the money back or declare any compensation.

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Advantages and disadvantages of TegasFX

  • Over 10,000 users and traders
  • Leading ECN/STP environment
  • Fast order execution
  • Minimum deposit from $200
  • Access to profitable and transparent one-line trading with minimal risks
  • TegasFX is not a protected broker
  • Regulated by Vanuatu Financial Service Commission (VFSC)
  • TegasFX is not FCA regulated
  • The forex broker does not offer Swap-free (Islamic) accounts
  • It does not provide PAMM services

Trading Platforms of TegasFX

 

TegasFX offers a wide range of Electronic Communication Network (ECN)/straight-through process (STP) platforms for trading. All these platforms have access to segregated multi-bank liquidity. Whether you are a retail, professional expert, or institutional client, these platforms will fit all your requirements.

Platforms include:

  • MetaTrader 4 android
  • MetaTrader 4 iOS
  • MetaTrader 4 ECN/STP
  • Copy trading platform
  • MAM platform
  • Fix API trading

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