Reviewed broker: TeraFX
Established in 2011
Location: London UK
Regulation: FCA UK
No Dealing Desk execution: yes
Customer support: live chat, email, phone
Currency pairs: 60+
TeraFXUK provides online trading in Forex and Contracts For Difference (CFD’s) in Indices, Commodities and Precious Metals including Gold and Silver.
TeraFXUK is a trading name of Tera Europe Limited, company registration number 7604372.
Why Trade with TeraFX?
At TeraFXUK we are committed to providing our clients access to the most popular global markets via the most popular trading platform – MT4.
- Over 60 currency pairs
- CFD’s on indices and commodities
- Spreads from 0.6
- Up to 30:1 leverage (retail clients)*
- Up to 500:1 leverage (professional clients)*
- No Dealing Desk execution
- $100 minimum deposit
- MT4
- Education & Analysis
TeraFX Review : Account Types
Starter
In this account type, all symbols except micro symbols can be traded.
| Available base currencies: | USD, EUR, GBP, PLN |
|---|---|
| Commision: | Zero |
| # of Trading Instruments: | 82 |
| Trading Platform: | Meta 4 |
| Mobile Trading: | Android, Iphone, Ipad |
Premium
In this account type, all symbols can be traded.
| Available base currencies: | USD, EUR, GBP, PLN |
|---|---|
| Commision: | Zero |
| # of Trading Instruments: | 147 |
| Trading Platform: | Meta 4 |
| Mobile Trading: | Android, Iphone, Ipad |
ECN
In this account type, all symbols except micro symbols can be traded.
| Available base currencies: | USD, EUR, GBP, PLN |
|---|---|
| Commision: | Zero |
| # of Trading Instruments: | 82 |
| Trading Platform: | Meta 4 |
| Mobile Trading: | Android, Iphone, Ipad |
Pro
If you are individual experienced trader (not a company) you can apply for Pro Account if you wish so. Following your application, email your request for Elective Professional Status (Individual Pro Account) to our customer services
- Execution Type Market
- Spread Type Variable
- Account Base EUR, USD, GBP, PLN
- Leverage
- Available Instruments Forex, Commodities, Indices
- Max Trade Size (Standard lot) 100
- Max Trade Size (Micro lot)100
- Min Trade Size (Standard lot) 0.01
- Min Trade Size (Micro lot)0.01
- Allow Expert Advisors? yes
- Hedging Possible? yes
- Stop&Limit Orders yes
- Stop Out Level 20%
- Trading Platform Metatrader 4
- Mobile Trading Android, iPhone, iPad
- Financing Costs (Swap charges) yes
- Commission upon demand
Demo account
New to trading and want to test drive our platform and execution? Sign up for our free 30 day demo and experience risk free trading:
- $10,000 balance
- Live prices and orders
- Develop your skills in a risk-free environment
TeraFX Review : Trading Platforms
MetaTrader 4 Desktop
MT4 is the world’s most popular FX trading platform, the perfect solution for manual or automated trading strategies.
- EA’s welcome
- Backtesting
- Customisable drag and drop charts.
- 40+ technical indicators.
- Add drawings and annotations.
- Multilingual support
- 26 European and Asian languages.
- Trade in lot sizes – FX minimum of 1000 (0.01 lot).
- Instant trade execution ticket or place advanced orders to be managed by the platform.
- Stop, Limit, Take Profit and Trailing Stop Orders supported
Android Trader
Tera FX are committed to providing the most flexible trading solutions to our clients. Access your MT4 trading account from any compatible device supporting an Android Operating System, and take advantage of the following functionality:
- See real time FX quotes and trade performance
- Trade on live prices
- Live market news
- Charting capability
- Historic trade data
- Demo accounts available
iPhone and iPad Trader
Download the app and trade on the go! Access MT4 via your Ios device to always be in touch with the market. You will see:
- Live price feeds and trading functionality
- Real time trade status
- Charting capabilities
- Real time news
- A trading Journal providing historic activity
Trading Conditions and Features
Up to 30:1 leverage (retail clients)*
Up to 500:1 leverage (professional clients)*
Over 60 FX pairs available
Trading instruments: forex, CFDs, indices, commodities
Spreads: from 1.8 pips
Education and analysis: yes
Account base currency: EUR, USD, GBP
Commission fee: no
Max trade size: 1
Min trade size: 0.01
Expert Advisors: yes
Hedging: yes
Stop out level: 20%
VPS (Virtual Private Server)
(Virtual Private Server) hosting allows Forex traders to run automated algorithmic strategies, including expert advisors, 24 hours a day 7 days a week on a Virtual Machine. This minimises the chance of system downtime due to technology and connectivity failures.
| TeraFX VPS | Basic | Standard | Advanced | Professional |
| CPU/Core | 1 | 1 | 2 | 3 |
| RAM | 512MB | 1GB | 2GB | 4GB |
| Disk Space | 25GB | 30GB | 40GB | 50GB |
| Bandwidth | 10GB | 20GB | 100GB | 600GB |
| Monitoring | No | No | No | Yes |
| Backups | No | No | No | Hourly |
| Min. Deposit Requirement | $2,500 | $3,500 | $8,000 | $80,000 |
| Min. Trading Requirement (Monthly) | 10 Lots | 20 Lots | 30 Lots | 100 Lots |
| Charge* (Monthly) | $25 | $35 | $55 | $160 |
*Charge only applies if monthly trading requirement is not met.
Payment Methods
Minimum deposit: $100
Payment options: Credit cards, Skrill, Neteller, UnionPay
How was the rating of Terafx performed compared to other brokers?
This 2023 Forex Broker Review has been conducted though thorough research and assessment of rating and ranking among almost 300 international forex brokers. The final grade is given based on Terafx FX broker performance and features.
Overall our online Terafx review was conducted with the details obtained from the demo trading and the forex brokers website. If you would like to add details to this online Terafx or you find inaccurate details Terafx broker review please get in touch with us and the changes will be applied.
