tegasFX Review

tegasFX Review

Based in Port Vila, Vanuatu, tegasFX is an online trading broker that provides traders with seamless access to the global financial markets: cryptocurrencies, forex, indices, commodities, and CFDs. The broker was launched in 2016 and operates the STP execution model, which offers access to the interbank markets. They provide traders with the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. There are various learning resources and a client support team to assist traders. The broker’s other essential features are demo accounts, multiple deposit and withdrawal methods, low spreads, leverage of up to 1:200, and more. The minimum deposit required to start trading is $200.

tegasFX Review Introduction

In this tegasFX review, we will take a look at some of the most important factors worth considering when choosing a forex broker for your online trading needs. This includes trading platforms, trading tools, research and education, account funding options, customer support, and broker regulation.

You may also wish to view my best forex brokers based on countless hours that I have spent researching and testing hundreds of brokers, all of which you can see in my forex broker reviews. You can also use my free trading tool to compare forex brokers, including tegasFX.

tegasFX Platforms & Tools

tegasFX provides traders with the MT4 and MT5 trading platforms. These are trendy trading platforms that hold the position of the choicest trading platforms among forex and CFD traders. While the MT4 was launched in 2005 with an avalanche of helpful trading tools, the MT5 came later in 2010 with even more advanced trading features and functionalities. These platforms’ built-in features include charting tools, market indicators, scripts, expert advisors, advanced risk management tools, real-time market execution, and more. The MT4 and MT5 trading platforms are available as a desktop application for Windows and Mac computers and a mobile app for Android and iOS devices. In addition, there is a web version that can run directly on most modern web browsers — Chrome, Safari, Firefox, and Edge — without needing to install any additional software.

tegasFX Trading Platforms
tegasFX Trading Platforms

tegasFX Research & Education

To improve clients’ trading skills and knowledge, the broker makes available a selection of learning resources, such as learning articles, trading guides, and an FAQ section that answers some of the clients’ most common questions.

tegasFX Trading Accounts

The following live trading account options are available at tegasFX: MT4 ECN/STP ($200), MT4 ECN/STP Pro ($2,000), MT5 ECN/STP Pro ($1,000), and FIX API 4.4 ($5,000) Accounts. There is a demo account option on the broker’s website; it is designed to help amateur traders to familiarize themselves with the broker’s platform before opening a live trading account.

tegasFX Account Types
tegasFX Account Types

tegasFX Account Funding

tegasFX accepts the following payment methods for account deposits and withdrawals: bank transfers, credit/debit cards, online payment gateways, and cryptocurrencies.

Some payment methods may not be available in specific countries, and the time taken to process transactions may vary depending on the payment method in use.

tegasFX Customer Service

All clients’ general, technical, and account-based inquiries are sent to a knowledgeable client support team who are available 24/7 and can be reached through telephone, email, and Live Chat.

tegasFX Regulation

tegasFX is a trading name of Clover Markets Limited, which is regulated by the Vanuatu Financial Services Commission (VFSC) since 2016 with license number: 14697.

tegasFX Review Summary

Founded in 2016, tegasFX is an online financial services provider that allows traders to buy and sell multiple financial instruments across different asset classes. Trades are carried out using the MT4 and MT5 trading platforms, which are available in desktop, web, and mobile versions. There are various educational resources and a reliable client support team to assist traders. In addition, their clients benefit from various favorable trading conditions to help them get the most out of their trades. The minimum deposit required to start trading is $200. The VFSC regulates the broker.

It is worth mentioning that some of the trading products and services in this tegasFX review may differ or not be available to traders in some countries due to regulations. As brokers’ terms can change over time, please verify all information is up to date directly from the tegasFX broker website, which you can visit by using the link below.

CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. A large percentage of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

tegasFX

7.4

Spreads

7.5/10

Liquidity

7.5/10

Commissions

7.5/10

Support

7.5/10

Regulation

7.0/10

Features

  • MT4 and MT5 trading platforms
  • Multiple financial instruments
  • Educational resources