TegasFx Broker Review

Minimum Spread :   0.2
Foundation Year :   2016
Min Deposit $ 200
Broker Trusted Point+2
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TegasFx Broker Review

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TegasFx Broker Review The True ECN/ STP Broker: TegasFx has obtained a commercial license from VFSC, License Nr. 14697. After that, it commenced its business in 2016. Their mission is to provide customers with the best possible trading environment so one can focus on what matters.

The company offers its clients true ECN/STP trading with low-latency infrastructure, low spreads and a broad range of financial instruments. The financial service firm offers six trading platforms to its clients for trading.

The company offers a world-class infrastructure for data security. The broker provides a professional and 24/5 customer support over live chat, phone and email.

TegasFX Broker Review Trading Conditions

Trading Instruments

  • Forex Instruments: 36 foreign currency pairs.
  • Precious Metals: Gold and silver
  • Commodities: Brent and crude oil
  • Complex Financial Derivatives: Over 15 instruments.

Type Of Accounts

The company offers three kinds of trading accounts to its potential customers. They have segregated their accounts in the form of ECN/STP, ECN/STP PRO and FIX API 4.4 accounts.

Minimum Deposit

  • ECN/STP Account: USD 200
  • ECN/STP PRO Account: USD 2000
  • FIX API 4.4 Account: USD 5000

Spreads

The TegasFx Offers raw aggregated spreads on all its accounts.

Other Trading Conditions

  • Max. Leverage Available: 1:200
  • Trading Platforms: MT4, MT4 MOBILE, FIX API 4.4
  • Execution Model: TRUE ECN/STP
  • Base Currencies: USD, EUR
  • Maximum Trade Size: 200 Standard lots per yRADE
  • Margin Call / Stop-Out: 100% / 70%
  • Primary Trading Server: Equinix London (LD4)
  • Trading Style On All Accounts: High frequency and high volume trading with Es’s, algos and hedging are allowed. Fifo rule is not applicable.

Demo Account

This specialist doesn’t offer fundamental demo accounts on their site. In any event, when agents neglect to give any other instructive assets, most of them despite everything figure out how to provide free demo accounts. Traders will pass up a few open doors without access to these hazard-free accounts.TegasFX has neglected to convey with regards to additionally opening doors that could assist with improving their customer’s encounters.

Trading Platforms

One would either be trading from the well known MetaTrader 4 platform on mobile, PC or web browser. The customers can likewise trade on the broker’s platform, named Fix API 4.4 through TegasFX. The platform decision will rely upon which account type one has opened.

MetaTrader 4 is fundamentally an across the board platform that is incredible for trading. It gives an open, easy to understand involvement in the entirety of the apparatuses and highlights a trader could need. Traders can likewise exploit social trading through MT4. It permits customers to choose and duplicate trade of different traders in their account.

The Fix API platform appears to concentrate on satisfying rapid networks with no re-statements or postponements during the affirmation procedure. The platform underpins all trading strategies and calculations with low-idleness and a debatable commission structure. The brought down commission costs that are $.50 – $2 lower is one motivator to open a Fix API-based account.

Deposit Methods

Customers can deposit funds in their trading accounts using bank wire transfer, Neteller, Visa and Mastercard credit/debit cards. The clients can make deposits in bitcoin. The deposit processing time in case of a bank wire transfer is 1-3 business days. It takes one business day in case of Neteller and bitcoin transactions are processed instantly.

Withdrawal Methods

The broker will process withdrawals in the same method used to deposit funds in the account. Card withdrawals are not available. The provider may charge fees for Bitcoin withdrawals. Also, there are fees for a bank wire transfer that is charged by the bank.

Withdrawal Processing & Wait Time

The dealer doesn’t indicate whether the withdrawal periods are equivalent to the store periods. If so, at that point brokers would have the option to hope to see moment handling times on bitcoin withdrawals. It would take the agent one business day to process Neteller withdrawals and 1-3 business days to send wire moves. Wire moves would almost certainly acquire an extra holding up period for the bank’s sake.

Bonuses & Promotions

Beside commission limits for high-volume traders, there aren’t any progressing promotions right now. The site doesn’t propose this is something the broker is anticipating, including the not so distant future. It’s consistently ideal to see something in this classification, particularly welcome bonuses, store bonuses, no-store bonuses, or fundamentally any chance. Traders shouldn’t check TegasFX off their rundown dependent on the absence of these choices. The broker, despite everything, figures out how to offer a few different preferences.

Educational & Trading Tools

TegasFX has nothing to offer with regards to instructive assets or exchanging devices. It’s likewise disappointing that there are no instruments like mini-computers or schedules accessible on the site.

TegasFX will acknowledge how accommodating these assets can be and settle on the choice to highlight a few alternatives on their site. They do redeem themselves by offering trading tools and services such as Copy Trading, MAM Platform, and Fixed API trading.

Customer Service

The merchant’s client care group is promptly accessible to address questions and help customers 24 hours per day on weekdays. TegasFX Broker Review gives different approaches to reach their support team, including the LiveChat, phone, e-mail, and a contact form. Of course, It was significant to try out the site’s liveChat choice since this is ordinarily the quickest and most favored contact technique. Merchants have a decision between English, German, or Thai talking specialists toward the beginning of the visit. The merchant can be reached at +65 316 367 71 or through e-mail at info@tegasfx.com.

Conclusion

TegasFX provides leveraged trading of up to 1:200 on FX options derivatives and cryptocurrency pairs. Traders would be able to pick from two MT4-based and the broker’s Fix API platform. One of the broker’s primary advantages would be the low trading costs that they offer to all traders. The average price per lot comes out to about one pip, while the industry average is at 1.5 pips. One can fund their account through bank wire, card, Neteller, and Bitcoin. The broker doesn’t allow card withdrawals, and it is impractical to withdraw funds through this broker without being charged a fee.

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