tegasFX Review

With its head office in Port Vila, Vanuatu, tegasFX is an online retail broker. The broker offers true ECN/STP trading with low-latency infrastructure, tight market spreads, and a wide offer of trading instruments that get extended from time to time. They provide traders with the MT4 and MT5 trading platforms to ensure seamless access to the global financial markets: cryptocurrencies, forex, indices, commodities, and CFDs. The minimum deposit required to start trading is $200.

Pros / Cons
  • Advanced trading platforms
  • Multiple financial instruments
  • Educational resources
  • Minimum $200 deposit
  • Not the lowest commission fees
  • No USA clients

In this detailed tegasFX review, our online broker research team has covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.

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CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 71% 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.

tegasFX Overview

tegasFX is an ECN/STP trading broker that offers direct access to interbank pricing. This means that you will get the best prices provided by some of the largest liquidity providers which can help to ensure real low dynamic spreads. They give traders various competitive trading conditions, such as demo accounts, multiple deposit and withdrawal methods, low spreads, leverage of up to 1:200, and more.

tegasFX Regulation

tegasFX is a trading name of Clover Markets Limited, which is regulated by the Vanuatu Financial Services Commission (VFSC) since 2016 with license number: 14697.

tegasFX Countries

Citizens and residents of the following countries are prohibited from opening a trading account with tegasFX: Bangladesh, Belarus, Bolivia, Cuba, Cote d’Ivoire (Ivory Coast), Democratic Republic of Congo, Ecuador, Former Liberian Regime of Charles Taylor, Iran, Kyrgyzstan, Liberia, Libya, North Korea, Republic of Vanuatu, Singapore, Sudan, Syria, United States of America, Zimbabwe.

Some tegasFX features and products mentioned within this tegasFX review may not be available to traders from certain countries because of legal restrictions.

tegasFX Platforms

tegasFX provides traders with advanced trading platforms: MT4 and MT5; they were developed by MetaQuotes, a Russian software company. The broker makes these trading platforms available in desktop, web, and mobile versions. While the MT4 trading platform is packed with advanced trading tools and offers straightforward access to even the most dynamic financial markets, MT5, which was developed to succeed the MT4, has even more trading tools and capabilities, including nine chart types and 21 timeframes. MT5 is a more advanced multi-asset platform for trading currencies, metals, stock exchange instruments, and hundreds of other derivative assets.

tegasFX Trading Platforms

tegasFX Trading Platforms

tegasFX Trading Tools

There is no well-defined standalone trading tool on the broker’s website at the moment, but the available trading platforms should have enough trading tools to suit even the most demanding of traders.

tegasFX Education

The broker’s website contains various educational resources — learning articles, trading guides, an FAQ section, and more — to help traders make knowledgeable trading decisions.

tegasFX Instruments

The broker offers the following financial markets: cryptocurrencies, forex, indices, commodities, and CFDs.

tegasFX Accounts & Fees

There is a choice of four live trading account types on the broker’s website. The account types and their corresponding minimum deposit requirements are as follows: MT4 ECN/STP ($200), MT4 ECN/STP Pro ($2,000), MT5 ECN/STP Pro ($1,000), and FIX API 4.4 ($5,000) Accounts. A demo account is available for practice purposes.

tegasFX Account Types

tegasFX Account Types

As broker fees can vary and change, there may be additional fees that are not listed in this tegasFX review. It is imperative to ensure that you check and understand all of the latest information before you open a tegasFX broker account for online trading.

tegasFX Support

The broker offers a professional customer support team who are available 24/7 and can be contacted via telephone, email, and Live Chat.

tegasFX Deposit & Withdrawal

Traders are allowed to deposit and withdraw funds using any of the following payment methods:

  • Bank Transfers
  • Credit/Debit cards
  • Electronic payment processors: BitPay, AdvCash, and more
  • Cryptocurrencies, such as Bitcoin and Ethereum.

The time taken to process transactions may vary depending on the payment method used.

tegasFX Account Opening

To open an account, click on the ‘Open Live Account’ button at the top right corner of the broker’s website and fill in the registration form.

tegasFX Account Opening Form

tegasFX Account Opening Form

It is imperative to ensure that when you are going through a broker application, you read all of the broker’s terms, conditions, and policies. Only proceed if you fully understand and agree to them.

tegasFX Summary

Overall, tegasFX is a multi-asset brokerage firm that provides a global clientele with access to trade multiple financial instruments via the MT4 and MT5 trading platforms. They provide traders with various learning resources and a professional customer support team to assist them. There are numerous competitive trading conditions to enhance clients’ trading experience. The minimum deposit required to start trading is $200. The VFSC regulates the broker.

Forex trading carries a high level of risk and can result in the loss of all your investment. You must be aware of the risks and be willing to accept them to invest in the foreign exchange and CFD markets. Don’t trade with money you can’t afford to lose.

tegasFX Logo

Min $200 Deposit

tegasFX is an online broker that provides ECN/STP trading via the MT4 & MT5 platforms across various markets including Forex, Stocks & Cryptos.