TegasFX Review

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TegasFX
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General Rating

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3.30/5

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TegasFX is a well-established broker since 2016. TegasFX has headquarters in Singapore and Vanuatu. They are generally well-suited for TegasFX to provide their Forex/CFD trading services to global clients.

This broker has also been regulated by VFSC 14697.


Company Information

🌐 Website
www.tegasfx.com

Year Established
2016

🌎 Country
Vanuatu

💼 Regulation

Features

🏆 Trading contests

📖 Free education

👩‍💼 Personal manager

☎️ Trading by telephone

👨‍💻 PAMM accounts

📊 MAM accounts

📁 Segregated accounts

📈 Managed accounts

👔 Affiliate program

Account Information

Apart from the forex demo account, this broker offers FIX API 4.4 and ECN/STP. To successfully navigate your trading account, you also need to consider about leverage and minimum deposit. Talking about leverage in general, the maximum leverage offered by TegasFX is up to 1:200. Meanwhile, you can open an account with a starting capital of $200.

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Min Deposit

$200

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Max Leverage

1:200

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Spread

Fixed

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Commission

$4

If you want to look for a more simple explanation regarding this broker's account type(s), take a look at the following chart:



💲 Min Deposit $5000

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

📶 Trading via API

Instruments Traded

Besides lots of currency pair, TegasFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for FIX API 4.4 account, TegasFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:100

Gold & silver

Gold & silver
1:100

Cryptocurrencies

Cryptocurrencies
1:2


💲 Min Deposit $200

💡 Min Position 0.01 lot

🔢 Spread Fixed

📉 Scalping

🤖 Expert Advisors

💱 Hedging

Trailing stop

Pending orders

1️⃣ One-click trading

📱 Mobile trading

Automated trading

Instruments Traded

Besides lots of currency pair, TegasFX also offers some instruments you would like to trade on, such as Forex, Gold & silver, CFD, Oil and Cryptocurrencies for your best choice. Somehow, remember that different instrument has different trading conditions. In this case, you have to make sure that your strategy is well suited for the instrument you chose.

As for ECN/STP account, TegasFX specifically provides it with the following instruments and leverage:


Forex

Forex
1:200

Gold & silver

Gold & silver
1:200

Cryptocurrencies

Cryptocurrencies
1:2

Payment Methods

Wire transfer : Wire Transfer is the most commonly used payment method. Nearly all brokers in the world provide this method on their service. The reason is wire transfer is basically traditional transfer between banks in the worldwide. So, this method is guaranteed for its safety. This really helps traders who avoid third-party payments or don't have credit cards.

Bitcoin : As a payment method, Bitcoin is reliable for its low cost and quick process. Brokers have been integrating Bitcoin as one of their funding methods especially after the cryptocurrency's rise in popularity. Now, traders who have digital wallets can easily transfer their funds to and from their trading accounts.

TegasFX also provides payment with AdvCash, Tether (USDT), Local bank transfer, Ethereum and Credit/debit cards



Trading Platforms

Trading platform is a tool where you can buy or trade an instrument with only some clicks on your device, anytime and anywhere you want. In addition, price chart is also usually provided with some analytical tools to help you analyze the price movement, so you can increase your profitabiliy by placing well-planned trades.

Hereby, TegasFX offers you MetaTrader 4, MetaTrader 5 and FIX API.

Customer Support

Do you have any question or find any trouble related to TegasFX? If you do, you should reach TegasFX's support to get the information that you need. Here is the detail of the broker's customer support:

Website Languages

English
German

Office Support

Email Support

Call Support

Chat Support



FAQ About TegasFX

Is TegasFX a good broker?

A good broker constitutes a good service for traders in terms of many criteria including trading instruments, deposits and withdrawals, as well as customer support. What is good for a certain trader does not necessarily mean the same thing to you. So the term "a good broker" can vary in meaning. You can decide for yourself if TegasFX is a good broker for you or not by reviewing the criteria. In general, TegasFX provides trading service in Forex , Gold & silver , CFD , Oil and Cryptocurrencies . As for the payment methods, you can choose between AdvCash, Bitcoin, Credit/debit cards, Ethereum, Local bank transfer, Tether (USDT) and Wire transfer. The customer support is available via Callback, Email, Live chat, Phone and Web form.


What is the minimum deposit for TegasFX?

The starting capital in TegasFX is $200.


Is TegasFX regulated?

TegasFX is regulated by VFSC 14697. A regulated broker equals a more responsible trading environment. You can also expect a more guaranteed safety of funds as some of regulatory frameworks in the financial industry require a compensation scheme in case of unprecedented incidents that result in clients' financial losses.


Is TegasFX legit?

TegasFX is a brokerage company offering trading services for clients since 2016 with offices in Singapore and Vanuatu.