Headquartered in the United Kingdom, TeraFX is an online retail broker that allows traders to trade various financial instruments across different asset classes, including forex, commodities, indices, precious metals, and CFDs. They provide traders with the MT4 trading platform, which is available in desktop, web, and mobile versions. There are several learning and trading tools to assist traders. Their clients enjoy access to favorable trading conditions, such as multiple account types, spreads from 0.6 pips, STP execution, and leverage of up to 1:30 and 1:500 for retail and professional clients, respectively. The minimum deposit required to start trading is $100.
TeraFX Review Introduction
In this TeraFX 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 TeraFX.
TeraFX Platforms & Tools
The broker provides traders with the MetaTrader 4 trading platform. It was created by MetaQuotes Software in 2005 and is now the world’s most popular online forex trading platform. The platform has extended functionalities and continued global popularity among both brokers and traders. The Hextra Prime MetaTrader 4 platform is designed for all styles of traders. Whether you prefer to trade using automated algorithms, technical indicators, or fundamental analysis, MetaTrader 4 provides you a streamlined and focused trading experience. The MT4 trading platform is available as a desktop application for Windows and Mac computers, WebTrader that runs directly on modern web browsers, and a mobile app that is compatible with Android and iOS devices. The mobile app allows traders to place trades and check trading while on the go if there is an internet connection.
To enhance clients’ trading experience, the broker makes available various useful trading tools, including the economic calendar that shows the schedule of future market events and their expected impacts on the financial markets.
TeraFX Research & Education
TeraFX provides traders with a good selection of learning resources to help traders make informed trading decisions. The educational resources include earning articles, trading guides, webinars, and a trading glossary that displays various trading terms and their detailed explanations.
TeraFX Trading Accounts
The broker provides traders with various live trading account options to suit their trading objectives. The available live account options include Starter, Premium, ECN, Pro, and Corporate Accounts. The minimum deposit required to start trading is $100. A demo account is also available for practice purposes.
TeraFX Account Funding
At TeraFX, all account deposit and withdrawal requests are processed using any of the following payment methods: bank transfers, credit/debit cards, and some online payment gateways, including Neteller and Skrill.
TeraFX Customer Service
All clients’ trading inquiries are sent to a knowledgeable client support team who are available 24/5 and can be reached via telephone, email, and social media.
TeraFX UK is a trading name of Tera Europe, which is authorized and regulated by the Financial Conduct Authority (FCA) in the UK: FCA FRN: 564741.
TeraFX Review Summary
Established in 2011, TeraFX is a multi-asset brokerage firm. The broker is designed to ensure the ease of trading various financial assets. In addition, they provide their clients with the right trading resources, including the MT4 trading platform, useful trading tools, educational resources, and more. The minimum deposit required to start trading is $100. The FCA regulates the broker.
It is worth mentioning that some of the trading products and services in this TeraFX 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 TeraFX 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.