Our TegasFX Review
TegasFX is a reliable forex broker that was founded in 2016. The broker offers retail traders access to forex trading, social trading, and CFD trading. It is a global trader with its headquarters in Vanuatu. The Vanuatu Financial Services Commission (VFSC) regulates the broker.
TegasFX Account Types
TegasFX offers traders three account types. These are the ECN/STP Account, ECN/STP PRO Account, and the FIX API 4.4 Account.
- ECN/STP Account
This account comes with a minimum deposit amount of $200. Traders get access to aggregate multi-banking liquidity, raw spreads, and access to the MT4 platform. There is also a commission charged $40 per $1 million in trades.
- ECN/STP Pro Account
The ECN/STP Pro account comes with a minimum deposit requirement of $2000. Traders using the account have access to similar features as the ECN/STP account. However, the commission is charged at $35 per $1 million in trades.
- FIX API 4.4 Account
The account comes with a minimum deposit amount of $5000. With this account, traders get access to customized commissions, cross-connection, and customized liquidity.
Tradable Assets
Traders using TegasFX get access to over 220 tradable assets. The supported assets include forex trading, CFD trading, and social trading.
Trading Platforms
Traders using TegasFX have access to six trading platforms. These are MT4 Android, Copy Trading, MT4 ECN/STP, MAM, FIX API Trading, and MT4 iOS.
- MT4 Android
MT4 Android is a mobile app for android devices.
- Copy Trading Platform
The platform allows traders to copy trades from successful signal providers and make money from their winning strategies. It also allows traders to create signals of their own.
- MT4 ECN/STP
The MT4 ECN/STP is a desktop platform that gives traders access to numerous features such as indicators, automated trading via expert advisors, and connection to the ECN/STP environment.
- MAM Platform
MAM is a platform designed for professional signal providers and asset managers. It features a wide array of allocation methods.
- MT4 iOS
MT4 iOS is designed for iOS devices and runs on the reliable MT4 platform.
- FIX API Trading
The FIX API platform gives traders access to low-latency execution and customized liquidity.
Withdrawals and Deposits
TegasFX gives traders numerous deposit options. These are Bank Wire, AdvCash / Credit Card, Neteller, Skrill, crypto using BitPay, and ThunderXpay. Withdrawals can be made using Bank Wire, Neteller, Skrill, and, ThunderXpay.
Those using bank wire to deposit funds pay a 10SGD fee, which is slightly less than a dollar. All other methods are free, except the fee charged by the platform. The same applies to withdrawals.
Customer Support
Customer support on TegasFX is offered in multiple languages including Spanish, Chinese, French, German, Czech, Polish, Italian, Romanian, Hebrew, Arabic, Russian, and many others. Support is offered via email, live chat, and phone.
Summary
TegasFX is a great broker with numerous account types that meet the different needs of different traders using different styles. The platform is well-designed and easy to navigate. Customer support is great and there are numerous trading instruments supported on the platform. It would be a great platform for experienced and novice traders.