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tegasFX Forex Broker provides real users with 2 positive reviews, 1 neutral reviews and 5 exposure review!

tegasFX Broker Review

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tegasFX Review 8

Latest All(8) Positive(2) Neutral(1) Exposure(5)
Neutral
Information about TegasFX

Hello, so far I have always had a very good impression of your work and the information on the platform. Now I wanted to do some research on TegasFX. However, the information that you - also use for your evaluation - is completely incorrect. When I compare it to the TegasFX website, there are significant differences in the information. For example, the licensing/regulation; deposit and withdrawal options, just to name a few. I am not registered there yet. But I find this somewhat unprofessional of you. I want to be able to rely on your statements! Regards, Dieter

FX3041914626
02-27
Positive

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.

周见录³⁷⁸⁹
2023-03-14
Positive

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.

阿牛
2022-12-19
Exposure

Fraudsters is not enough, I have been operating for a few days and when I open the account one day and I was missing all the profits. Apparently the broker deleted "abusing trading" what is that???? a pure scam. They are scammers, they are already to be reported to the local police.

FX4255247862
2022-10-19
Exposure
TEGAS IS SCAM

This fake broker delete profits without a email? Abusing trading for what? Im 50 years old, last 10 years trading what i am abusing? Fake broker, stay away

BollinguerBand
2022-10-19
Exposure
TEGASFX IS A SCAM BROKER

I have deposited 250$ to this broker, and they deposited 195$. At this point i should have been concerned and withdraw my money and run away, but not, i traded for a week and made some profit and decided to stop trading and requested a withdraw which they claim is 24 hrs, after 3 days they have replied that my profits are deleted and i can withdraw my deposit. This is what we call SCAM BROKER!!! this broker doesn't pay client profits! Hopefully Vanuatu regulators fine them and withdraw their license.

FiboMen
2022-10-18
Exposure
Add plugins and huge slippage on my account

In order for me to lose money, tegasfx add plugins on my account generating a huge slippage where my trades where placed with more than 800 of slippage, some trades even with more than 2000. This is a FAKE company that claims to be ECN/STP but truth is they are only another fake broker looking to take advantage on clients with the use of plugins. 

Furnari
2022-10-18
Exposure
ECN broker, that allow all trading but dont pay my money

I have start trading in Tegasfx few weeks ago and last week i notice that my orders where with huge slippage and i was losing my money because the time i place the trade with the huge slippage i was already losing. I have requested my withdrawal last monday octuber 10 and i was informed that will be proceed within 24hrs. I wated and nothing, then i sent another email and they say my account was nder investigation and then they invented that my trades where abusive that my order where off-market. now how can i place all my trades via my MT5 phone/PC and have them all off-market prices? IMPOSSIBLE because they lie. Well they have taken all my profits. They are SCAMMERS, says they are ECN broker at their website and then come into the email saying they are STP, another lie. They have at their web site twice that they accept EA, HFT, ALL KIND OF TRADING but then when you have a hedging mix with scalping trade they take your profits accusing of abusive trading and saying they are only STP broker. SCAMMERS!!!! DO not operate in this broker!!!! Im European and ill proceed with formal complaint to the regulators. 

Furnari
2022-10-18

  

TegasFX 2025 Review: Everything You Need to Know

  In this comprehensive review of TegasFX, we explore the broker's offerings, user experiences, and expert opinions. Overall, the feedback leans towards caution, with several sources highlighting concerns about the broker's regulatory status and withdrawal issues. Key features include a variety of trading platforms and competitive spreads, but the offshore regulation raises significant red flags for potential investors.

  Note: It is important to recognize that TegasFX operates under different entities in various regions, which can affect regulatory oversight and user experiences. This review aims to present a fair and accurate assessment based on available information.

  

Rating Overview

Category Score (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 5
Trustworthiness 3
User Experience 4

  How We Rate Brokers: Our ratings are based on a combination of user feedback, expert analysis, and factual data from multiple sources.

  

Broker Overview

  Founded in 2016, TegasFX is operated by Clover Markets Limited, with its headquarters in Vanuatu. The broker offers trading services primarily through the MetaTrader 4 and MetaTrader 5 platforms. Clients can trade a variety of assets, including forex, commodities, and cryptocurrencies. However, TegasFX is regulated by the Vanuatu Financial Services Commission (VFSC), which has been criticized for its lax regulatory standards compared to tier-one regulators like the FCA or ASIC.

  

Detailed Section

  Regulated Geographic Regions:

  TegasFX operates under Vanuatu's regulatory framework, which is often viewed as a less stringent environment for financial services. This raises concerns about investor protection and the overall safety of funds.

  Deposit/Withdrawal Currencies/Cryptocurrencies:

  TegasFX accepts deposits in multiple currencies, including USD, EUR, and GBP, and supports cryptocurrencies like Bitcoin and Ethereum for both deposits and withdrawals.

  Minimum Deposit:

  The minimum deposit required to open an account with TegasFX is $200, which is relatively standard among forex brokers. However, some sources suggest that higher minimums apply to certain account types.

  Bonuses/Promotions:

  While specific bonuses or promotions were not highlighted in the sources, the broker's offshore status may allow for more flexible promotional offerings compared to regulated firms.

  Tradable Asset Classes:

  TegasFX provides access to a range of trading instruments, including over 30 forex pairs, commodities like gold and silver, and various cryptocurrencies. However, the selection is limited compared to more established brokers.

  Costs (Spreads, Fees, Commissions):

  The typical spread on major pairs like EUR/USD is reported to be around 0.2 pips. However, users have expressed dissatisfaction with hidden fees and high withdrawal costs, which could impact overall profitability.

  Leverage:

  The maximum leverage offered by TegasFX is 1:200, which is higher than many regulated brokers. While this can amplify profits, it also increases the risk of significant losses.

  Allowed Trading Platforms:

  TegasFX supports both MetaTrader 4 and MetaTrader 5, offering a robust trading environment for both novice and experienced traders. The platforms are known for their user-friendly interfaces and advanced analytical tools.

  Restricted Regions:

  TegasFX does not accept clients from several countries, including the United States, which is common for many offshore brokers. This restriction limits access for many potential traders.

  Available Customer Service Languages:

  Customer support is available in multiple languages, including English, German, and Spanish. However, feedback on the quality of support is mixed, with some users reporting slow response times and difficulties in resolving issues.

  

Repeated Rating Overview

Category Score (out of 10)
Account Conditions 5
Tools and Resources 6
Customer Service and Support 4
Trading Setup (Experience) 5
Trustworthiness 3
User Experience 4

  

Detailed Breakdown

  Account Conditions (5/10):

  The account conditions at TegasFX are fairly standard, with a minimum deposit of $200. However, the lack of robust regulatory oversight raises concerns about fund security.

  Tools and Resources (6/10):

  TegasFX offers both MT4 and MT5 platforms, which are well-regarded in the trading community. However, the educational resources available to traders appear limited.

  Customer Service and Support (4/10):

  While customer support is available in multiple languages, user feedback suggests that response times can be slow and issues may not be resolved effectively.

  Trading Setup (5/10):

  The trading experience on TegasFX is generally acceptable, but users have reported issues with slippage and withdrawal delays, which could detract from overall satisfaction.

  Trustworthiness (3/10):

  The regulatory status of TegasFX is a significant concern. Operating under the VFSC, which is viewed as a less stringent regulator, raises red flags for potential investors.

  User Experience (4/10):

  Overall user experiences are mixed, with some positive reviews regarding the trading platforms but significant complaints about withdrawal issues and transparency.

  In summary, while TegasFX offers a range of trading options and platforms, potential traders should exercise caution due to the broker's offshore regulatory status and reported withdrawal issues. For those considering an investment, it may be prudent to explore more reputable and well-regulated alternatives.