TeraFX Review
TeraFX is an English broker that provides regulated trading services to its customers across the globe. The broker has molded its policies according to different demands of the public. It caters the needs of the traders through its flexible strategies, portfolios, and account types. TeraFX is providing its services to traders in analyzing the market conditions and changing trends over the past years. For this purpose, it provides advanced techniques and tools to its customers. Here is a comprehensive TeraFX review in which you can find key details about this amazing brokerage.
Is TeraFX a Scam?
No, TeraFX is not a scam. It is a broker that is regulated by the Financial Conduct Authority (FCA). It holds the license issued by FCA and follows the rules and guidelines as per the requirements. FCA acts as a watchdog over the broker and ensures transparency and security of the broker. It ensures that the accounts of the customers are segregated. It also applies money rules strictly over the funds to make sure the safety of the assets. The activities of the broker are constantly monitored and looked over by the higher authorities.
Trading Platforms
The trading platforms are used to provide the ease of trade to the customers through their electronic devices. TeraFX is integrated with the reputable trading platform MetaTrader 4 (MT4) that is used by the traders globally. It provides a number of techniques and tools to the users to analyze the market better and to trade efficiently.
MT4 can be accessed through desktop web, android or iOS mobile phones or through the tablets. It keeps the users updated about the market conditions and costs through the charts and tools available.
Bonuses
Many broker companies offer bonuses to its customers to build their confidence in the firm and to attract a greater number of customers.
TeraFX however, has not mentioned any type of bonus or reward for its customers on the official website.
Awards and Recognition
In the growing competition in the financial markets, winning an award or being recognized by higher authorities makes a firm more reputable and trustworthy.
TeraFX has not got any award yet as it is not mentioned on the official website of the broker.
Trading Instruments and Markets
TeraFX provides an opportunity to trade over a number of forex pairs and CFDs. The broker has a long range of tradeable products available that engage the traders from all over the world. It offers trade in about 59 pairs of forex and about 6 metal CFDs. Moreover, it also provides trade in 4 different cryptocurrencies. The option of trade in indices, stocks and energy is also there.
Educational Resources
Training and educating the customers is mandatory before initiating proper trade with them. This helps them to build better strategies, understand the market functions and to analyze the currency exchange better.
TeraFX provides a sound collection of educational material for its customers on its official website. It trains the users to use the trading platform, chart the information and the basic techniques, concepts and principles required for trading.
Trading Hours
TeraFX is available for forex trading 24 hours a day throughout 5 days a week. For trading of metals, it provides the access on Sundays. However, the indices and commodities have the same trading hours that keeps on changing and could be known through the official website of the broker.
Countries Accepted
TeraFX does not mention any specific names of the countries where it trades or the countries that are not eligible for trade with the broker. However, being a regulated broker would certainly have some conditions and regulations imposed and would allow trade in some specific countries.
Conclusion
TeraFX is a reputable broker that is regulated by one of the most trustworthy authorities of UK, the FCA. The broker through its platform provides the opportunity to trade over a wide range of products facilitated with advanced tools and techniques.
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