In this TegasFX Review, we analyze TegasFX to find if they are a Legit Broker or Scam with a detailed analysis . The TegasFX is an international Forex company that offers its various clients true ECN/STP market access. Our TegasFX review found out that this company was incorporated and registered in Vanuatu under the name Clover Markets Limited. Also they claim that TegasFX broker is registered with Vanuatu’s Securities Dealer regulator VFSC. Its registration VFSC license number is Nr. 14697. Some of its top products it offers include Metals, Oil, and CFDs. The TegasFX Forex Broker claim to offer a direct market access to its customers. It promises to provide a true ECN/STP trading to all its customers. Let us take a deeper look at its review features to find out if TegasFX is Scam or legit.
The TegasFX Platform Review With Features !
The TegasFX website offers its clients traders access to the Forex market via several ECN/STP trading platforms. The most popular being the MetaTrader 4 and the FIX API protocol. Some of the benefits our review observed which you can enjoy as a trader by using their platform include:
- A dedicated account manager to help you make smart trade moves.
- They provide a high-speed infrastructure that eliminates latency on their platform.
- A real ECN/STP trading technology so that you can enjoy the Forex market’s full potential.
- An environment that is both secure and regulated.
Let us go through the various TegasFX platform with its features and reviews .
MetaTrader 4 ECN/STP
This platform provides you with the necessary resource and tools to help you execute you trades with confidence and make profits. It allows you to analyses current price trends then make an informed guess before you execute a trade. You can also make use of free automated trading platforms such as the Expert Advisors. This platform is not just popular with TegasFX, it the most common used platform around the world by Forex traders. In summary, the benefits of the MetaTrader 4 ECN/STP are:
- Direct market execution
- You can use all trading strategies including EAs.
- A high speed infrastructure
- No restrictions on profits or Stop Loss
MetaTrader 4 Mobile
This platform is designed to make your transition from the desktop to the mobile platform easy and convenient. It allows you to use your Android and Apple mobile devices but still get the same ECN experience. This mobile platform will provide you with both technical analysis tools and general updates that help you to know what is happening in the Forex market. The app is freely available from Google Play and Apple Apps Store. The Android app is listed by the name Metatrader 4 Android while the Apple app is listed under the name MetaTrader 4 iOS.
MetaTrader 4 Web
This platform is designed to help you trade from any browser and operating system that is commonly used by people around the world. The supported operating systems are Windows, Linux, and Mac. The supported browsers include Mozilla, Chrome, Edge, and Safari. You do not need any additional software to sue this TegasFX platform. As long as you have an internet connection, you can start trading. This platform encrypts all your data before transmitting it. That makes it one of the best secure platforms for sending personal banking data. That is one of the reasons TegasFX is considered legit and does not scam it customers.
This app allows all TegasFX traders to get connected to the deep liquidity pool and fund their trade. The app provides high speed connectivity and execution to the liquidity pool while keeping the latency levels super low. Traders can use their exciting platforms to trade to access liquidity on this platform. All trades are sent to the, largest banking banks around the world. There are no re-quotes when the confirmation is in progress. This deep liquidity is available at competitive prices for all TegasFX traders. Again they offer all these services while still maintaining its integrity as a facilitator and not a Forex scam.
Deposits and Withdrawals
As a trader, you can deposit or withdraw your funds from TegasFX using three options. You can use a bank wire transfer, a Neteller account, or use a credit card. The accepted currencies are USD and EUR. If you are using a bank transfer, the transaction will take 1 to 3 business days. The bank wire transfer may involve some charges that are charged by the receiving bank, intermediary bank, and your bank. The charges vary depending on where you are located, and the funding arrangements between your bank and the receiving bank. The TegasFX is not a scam, therefore, it charges you no hidden fee. All potential charges by third parties are listed.
If you are using Neteller, the fee will be 3.9% and the duration for the transaction to complete may be as much as 24 hours. Here TegasFX does not charge any fee. When using your credit card to fund your account, your credit card service provider may charge you a fee. It is up to you to learn what the charges are and use the most affordable yet convenient option. The TegasFX does not charge you any deposit fee also it follows anti-money laundry laws. That means that you need to use the same account to deposit and withdraw your funds. The accounts must also bear the name of the person who opened the TegasFX account.
Bonus and Promotions
As an ECN/STP Accounts provider, our TegasFX Review observed that it offers no opening bonuses and also does not charge you for depositing your funds into the new account. The minimum opening balance for the MetaTrader 4 ECN/STP account is just $200 while the FX API 4.4 account has a minimum opening deposit of $20,000. If you are not yet comfortable trading in the Forex market, you will be happy to know that they have a demo account for practice. You can practice trading until you feel ready to enter the Forex market. As you can see here in our review, TegasFX is not scam but a legit Forex broker.
This TegasFX Review found that they offer awesome online chat support to beginners. They have an online chatting facility that helps people get started with their service. Their demo account has a Forex Trade training option they offer for beginners. If you want to contact them, they have a great contact us page on their website www.tegasFX.com. If you wish, you can pay them a visit at their offices in Vanuatu House, 133 Santina Parade, Elluk, Port Vila, Efate, Vanuatu.
Is TegasFX Forex Broker A Scam?
This TegasFX Review has found that this broker is not a scam. They are a legitimate Forex ECN/STP Broker. They have a reliable and functional website, www.tegasFX.com. They claim that they are registered with an industry regulator in Vanuatu.
Review Conclusion : TegasFX is Not a Scam !
This TegasFX Review has gone through the brokerage services that are offered by them. We have seen their strengths and weaknesses. We have established from our review observation that they are legit and registered in their home country, Vanuatu. If you are looking for the best Forex ECN/STP Broker, they are among the best.Our review reaffirms that TegasFX is not scam but a legit Forex broker.