Global Broker governance & inquiry App

Score

0123456789
.
0123456789
0123456789
/10
The WikiFX Score of this broker is reduced because of too many complaints!

tegasFX

Vanuatu|5-10 years|
Suspicious Regulatory License|MT4/5 full license|Regional Brokers|High potential risk|

https://www.tegasfx.com

Website

Rating Index

MT4/5 Identification

MT4/5

Full License

TegasFX-Demo-UK

United Kingdom
MT4
4

Influence

D

Influence index NO.1

Japan 2.44
The WikiFX Score of this broker is reduced because of too many complaints!

MT4/5 Identification

MT4/5 Identification

Full License

4
Server Name
TegasFX-Demo-UK MT4
Server Location United Kingdom

Influence

Influence

D

Influence index NO.1

Japan 2.44

Surpassed 100.00% brokers

Biz AreaSearch StatisticsAdvertisingSocial Media Index

Contact

+65 316 367 71
info@tegasfx.com
https://www.tegasfx.com
Pot 805103 Rue D' Auvergne, Port Vila, Vanuatu

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

Open Now

Contact number

English

+65 316 367 71

Broker Information

More

Company Name

Clover Markets Limited

Company Abbreviation

tegasFX

Platform registered country and region

Vanuatu

Company website
Facebook
Instagram

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-03-28
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • The VanuatuVFSC regulation (license number: 14697) claimed by this broker is suspected to be clone. Please be aware of the risk!

WikiFX Verification

Users who viewed tegasFX also viewed..

XM

9.04
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

IC Markets

8.92
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

STARTRADER

8.53
Score
10-15 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website

Decode Global

8.35
Score
5-10 yearsRegulated in AustraliaMarket Making(MM)MT4/5 full license
Official website
Pyramid scheme complaint
Expose

tegasFX · Company Summary

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information & Regulation

Feature Detail
Regulation Suspicious clone
Market Instrument forex, precious metals, commodities, CFDs, crypto
Account Type MT4 ECN/STP, MT4 ECN/STP PRO+, MT5 ECN/STP PRO and FIX API 4.4
Demo Account yes
Maximum Leverage N/A
Spread (EUR.USD) Average 0.2 pips
Commission Vary on the account type
Trading Platform MT4 & MT5
Minimum Deposit Vary on the method
Deposit & Withdrawal Method Bank transfer, credit cards, ADVCash, Bitcoin, Ethereum and US Tether

tegasFX, a trading name of Clover Markets Limited, is allegedly a forex and CFD broker incorporated in 2016 and registered in the Vanuatu that claims to provide its clients with various tradable financial instruments with floating spreads on the MT4 and MT5 trading platforms via four different live account types, as well as 24/5 customer support service. Here is the home page of this brokers official site:

General Information & Regulation

As for regulation, it has been verified that tegasFX is suspected to be clone. That is why its regulatory status on WikiFX is listed as “Suspected Fake Clone” and receives a relatively low score of 2.01/10. Please be aware of the risk.

General Information & Regulation
General Information & Regulation

Market Instruments

tegasFX advertises that it offers access to 100+ trading instruments in financial markets, including forex, precious metals, commodities, CFDs, and cryptocurrencies.

Account Types

Apart from free demo accounts, tegasFX claims to offer four types of trading accounts, namely MT4 ECN/STP, MT4 ECN/STP PRO+, MT5 ECN/STP PRO and FIX API 4.4, with minimum initial deposit requirements of $200, $1,000, $2,000 and $5,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.

Account Types

Spreads & Commissions

All spreads with tegasFX are a floating type and scaled with the asset type. The average spread on the EUR/USD pair is 0.2 pips. As for the commission, there is a $4 per side per 100,000 traded on the MT4 ECN/STP account, from 3.5$ per side on the MT4 ECN/STP PRO+ account, 3.5$ per side per 100,000 traded on the MT5 ECN/STP PRO account, while the commission on the FIX API 4.4 is not specified.

Spreads

Trading Platform Available

The platforms available for trading at tegasFX are the most notable and preferred trading platforms the market offers - MetaTrader4 and MetaTrader5, which are highly praised by traders and brokers alike due to its ease of use and great functionality. They offer top-notch charting and flexible customization options. It is especially popular for its automated trading bots, a.k.a. Expert Advisors.

Deposit & Withdrawal

tegasFX says to work with numerous means of deposit and withdrawal choices, consisting of Bank transfer, credit cards, ADVCash, Bitcoin, Ethereum and US Tether. Minimum deposit and withdrawal amount vary on the method. More details can be seen on the below screenshot.

The broker does charge some deposit and withdrawal fees. Bank tranfer deposits require 1-2 working, while other deposit and withdrawal requests can be processed on the same day.

Deposit
Withdrawal

Customer Support

tegasFXs customer support can be reached by telephone: +65 316 367 71, email: info@tegasfx.com, live chat or send messages online to get in touch. You can also follow this broker on social networks such as Facebook and Instagram. Company address: Pot 805103 Rue D' Auvergne, Port Vila, Vanuatu.

Pros & Cons

Pros Cons
• Multiple trading assets, account types and payment options offered • Suspicious clone
• Demo accounts available • No information on the leverage
• MT4 & MT5 supported

Frequently Asked Questions (FAQs)

Q 1: Is tegasFX regulated?
A 1: No. It has been verified that tegasFX is a suspected fake clone.
Q 2: At tegasFX, are there any regional restrictions for traders?
A 2: Yes. Citizens and residents of the following countries are prohibited from opening a trading account: Bangladesh, Belarus, Bolivia, Cuba, Cote d‘Ivoire (Ivory Coast), Democratic Republic of Congo, Ecuador, Former Liberian Regime of Charles Taylor, Iran, Kyrgyzstan, Liberia, Libya, North Korea, Republic of Vanuatu, Singapore, Sudan, Syria, United States of America, Zimbabwe.
Q 3: Does tegasFX offer demo accounts?
A 3: Yes.
Q 4: Does tegasFX offer the industry-standard MT4 & MT5?
A 4: Yes. tegasFX offers both MT4 and MT5.
Q 5: What is the minimum deposit for tegasFX
A 5: The minimum initial deposit differs depending on the method.
Q 6: Is tegasFX a good broker for beginners?
A 6: No. tegasFX is not a good choice for beginners. Though it claims to offer demo MT4 and MT5 accounts, we can’t forget that it is unregulated.

User Reviews

Sort by content

  • Sort by content
  • Sort by time

User comment

2

Comments

Write a review

周见录³⁷⁸⁹
more than one year
Excellent trading experience with tegasFX. I found them very helpful not just as a trading platform but also as a good trainer, and listener, always being there for me through the market's up and down. I have learnt a lot and built a lot of confidence in trading. I feel like I can trust and stay with tegasFX for the long term.
2023-03-14 14:52
Reply
0
0
阿牛
more than one year
These scammers are so rude, trying to constantly extract more and more money from you, never-ending phone calls, pressure intimate calls... Please read reviews before even thinking of giving these GREEDY CREEPS your hard-earned money.
2022-12-19 17:35
Reply
0
0
5
TOP
Select Country/District
United States
※ The content of this website abides with local laws and regulations.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
License or other information error corrections, please send the information to:qawikifx@gmail.com
Cooperation:fxeyevip@gmail.com