TeraFX
- Trust score
- 4/10
- Legal simplicity
- 5/10
- Min. deposit
- 100
- Regulations
- Payment systems
Features
- Seminars and trader training
- Daily market analysis
- Low initial deposit
- Segregated accounts
- ECN accounts
- Affiliate program
- Wide selection of trading instruments
Pros
- No specific advantages are documented for TeraFX.
Cons
- No specific drawbacks are documented for TeraFX.
Updated:
TeraFX is a UK-headquartered broker offering forex and CFDs on indices, commodities, and precious metals. It is regulated by the Financial Conduct Authority (FCA), runs on the MetaTrader 4 platform, and opens accounts from a $100 minimum deposit across five account types.
TeraFX is a UK-regulated forex and CFD broker offering segregated client accounts, ECN accounts, daily market analysis, and trader training from a $100 minimum deposit.
Regulation and Fund Safety
TeraFX is headquartered in the UK and regulated by the Financial Conduct Authority (FCA), one of the stricter regulators in the industry. Client funds are held in segregated bank accounts, and eligible clients get additional protection from the Financial Services Compensation Scheme (FSCS) if the firm becomes insolvent.
Leverage
As an FCA-regulated broker, TeraFX caps leverage for retail clients at 1:30 on forex pairs, in line with UK rules. Traders who qualify for professional status can apply for leverage of up to 1:500.
Account Types
TeraFX offers five account types: Starter, Premium, ECN, PRO, and Corporate. Each targets a different trading style and deposit level, so the right choice depends on your strategy and capital.
Trading Costs
Spreads start from 0.6 pips, though the exact cost depends on the account type. Overnight positions are subject to swap charges.
Trading Platform
TeraFX runs on MetaTrader 4 (MT4), a platform widely used for its charting tools, automated trading via Expert Advisors, and customizable interface.
Minimum Deposit
The minimum deposit to open an account with TeraFX is $100. Some account types may require a higher deposit.
Verdict
TeraFX is an FCA-regulated broker with segregated client funds, a choice of five account types, and the MT4 platform, at an accessible $100 minimum deposit. Compare it against other FCA-regulated brokers in our independent forex broker ranking before opening an account.
