Reviewed broker: TeraFX

Established in 2011

Location: London UK

Regulation: FCA UK

TeraFXUK is a trading name of Tera Europe Limited

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.

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

Account Types


In this account type, all symbols except micro symbols can be traded.

Available base currencies:USD, EUR, GBP, PLN
# of Trading Instruments:82
Trading Platform:Meta 4
Mobile Trading:Android, Iphone, Ipad 


In this account type, all symbols can be traded.

Available base currencies:USD, EUR, GBP, PLN
# of Trading Instruments:147
Trading Platform:Meta 4
Mobile Trading:Android, Iphone, Ipad


In this account type, all symbols except micro symbols can be traded.

Available base currencies:USD, EUR, GBP, PLN
# of Trading Instruments:82
Trading Platform:Meta 4
Mobile Trading:Android, Iphone, Ipad 


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

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 

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 VPSBasicStandardAdvancedProfessional
Disk Space25GB30GB40GB50GB
Min. Deposit Requirement$2,500$3,500$8,000$80,000
Min. Trading Requirement (Monthly)10 Lots20 Lots30 Lots100 Lots
Charge* (Monthly)$25$35$55$160

*Charge only applies if monthly trading requirement is not met.

Payment Methods

Minimum deposit: $100

Payment options: Wire transfer, Credit cards, Skrill, sofort, 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. 

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Regulation: Financial Conduct Authority UK (FCA), Financial Services Commission of Mauritius FSC, Financial Services Authority of Labuan LFSA, Financial Services Authority of Saint Vincent and the Grenadines SVGFSA, Financial Sector Conduct Authority (FSCA) of South Africa

Regulation: FSA is the financial services regulator in Seychelles

Regulation: Financial Conduct Authority FCA UK, Cyprus Securities and Exchange Commission Cysec, Cayman Islands Monetary Authority CIMA, Dubai Financial Services Authority DFSA, Saint Vincent and the Grenadines VGFSA

Regulation:  Republic of Seychelles, Financial Conduct Authority (FCA) UK

Regulation: FSC Financial Services Commission of the Republic of Mauritius

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