TeraFX review: Regulations, Trading platforms, Broker features, and User ratings.

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1.87 • 2 REVIEWS
Updated: Feb 15, 2024
TeraFX.com (.trade)

What is TeraFX?

TeraFX UK, a brand name of Tera Europe Limited, is a CFD broker with Metatrader 4 and Metatrader 5 as their trading platforms in PC, Web and Mobile version.

TeraFX.com offers CFDs on over 55 forex currency pairs, stocks indices, crude oil, commodities, gold and silver for your personal investment and trading options.

Please read TeraFX Reviews below and share your live trading experiences with this broker.

Broker Details

Minimum Trade Size: 0.01
Maximum Leverage: 30:1
Minimum to Open Live: $100
Established: 2011
Address: Office 701, One Canada Square Canary Wharf, London, E14 5AA, United Kingdom
Contact: customerservices@terafx.co.uk, +44(0)203 048 4764(UK), +971 4 401 9666(UAE)
Regional offices:
Regulators: FCA # 564741
Prohibited countries: Show all >>
Trading platforms: MT4, MT5
Web Trading: ✅ Yes
Mobile Trading: ✅ Yes
ECN: ✅ Yes

Trading Instruments

Currencies: (55+)
CFD: (30+) Gold, Silver, Other Precious Metals, Stock Indexes, Oil, Other Commodities

Trading Conditions

Hedge: ✅ Yes
EAs/Robots: ✅ Yes
News Trading: ✅ Yes
Scalping: ✅ Yes

Managed Accounts & Social Trading

Deposit Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Skrill, SOFORT, UnionPay
Withdrawal Methods: Bank Wire (BankTransfer/SWIFT), VISA, MasterCard, Maestro, Neteller, Skrill, SOFORT, UnionPay
* Please check broker website for more information
1.87 • 2 REVIEWS

Recent User Reviews of TeraFX

Adam Goldstein
London, United Kingdom,
Feb 10, 2020,

Good execution& good support. Money also safe

Service use: Live Length of use: over 1 Year
I have been trading for over 20 years, and TeraFX areone of the first FCA brokers able to handle my trades without slippages. Also have additional funds cover.
Kuala Lumpur, Malaysia,
Oct 4, 2016,
Registered user

Terafx.com is latest scam broker with FCA regulation. Cancel Profit and Not Returning Deposit Money!!!!!

From Terafx.com website they said they are trusted FCA regulated broker. So I open micro account with them. Right after approval then I made deposit and start trading. I was checking their symbols specifications and their Dax symbol is D30EURm. The D30EURm symbol specification is "Trade Full", Volume Minimum = 0.1, Volume Maximum - 100, Volume Step = 0.1, Tick Size = 0.01, Tick Value = 0.01. So I decided to scalp Dax under their platform. All orders were execution using market execution and no sign of erratic tick data. I did make some profit and loss like normal trading. On Friday 30th September 2016, I decided to withdraw some of the profit. Unfortunately, on Monday 3rd October 2016, Terafx compliance dept response to me and said it was manifest error and intent to reverse profit. Until now my deposit money also not being refunded after several requests. The fund keep returning to MT4 account. I am sure they want me to trade again and make losses so that they can legally steal my money.

This kind of scam tactics has to be stopped before they steal more money from new traders.