TeraFX UK provides online trading in Forex and Contracts For Difference (CFDâs) in Indices, Commodities and Precious Metals including Gold and Silver.
What Youâll Learn From This Bonus
Before you decide whether this bonus is right for you, this page explains:
- How the bonus really works
- Exact withdrawal rules & hidden conditions
- Common risks traders overlook
- Who should â and should NOT â use this bonus
Read carefully to avoid mistakes and make an informed decision.
Reading Guide
Operating from the City of London and regulated by the UKâs Financial Conduct Authority (FCA), our mission is to provide our customers with an exceptional trading experience. First rate customer service, reliable trusted dealing technology, and a transparent No Dealing Desk (NDD) execution model enable us to meet the needs of all Forex traders.
At TeraFX client safety is our main focus. As TeraFX is a regulated broker and in accordance with CASS (Client Asset Sourcebook) we need to uphold certain rules and obligations, offering our clients the fullest security. As stipulated by the FCA client money rules, TeraFX is obliged to segregate all its retail clientsâ funds from its own funds.
All our retail clientsâ funds are held in separate bank accounts with the worldâs top tier one banks and held separately from Teraâs own funds. This âring-fenced protectionâ means that Tera cannot use these funds for any operational purpose. Whilst we still perform reconciliations of professional client funds, we are not obliged and do not keep professional client funds on a segregated bank account by default. We can, however, consider requests for segregation from our Professional clients on a case by case basis.
As a UK based, authorised and regulated financial services firm, our clients are afforded the protection of the Financial Services Compensation Scheme (FSCS), subject to scheme eligibility.
This means that cash and assets held by us are covered by the FSCS. This means that if, in an unlikely event, we are unable, or likely to be unable, to pay claims against us, customers can apply to the FSCS for compensation. Any claim will be limited to £85,000 per individual.
Our multi-lingual Client Service team are available 24/5 and can be contacted by live chat, email or telephone.
Broker Logo |  |
BROKER INFORMATION
Broker Type | STP |
Company | Tera Europe Limited |
Foundation | N/A |
Country | United Kingdom |
Regulation | Tera Europe is Authorised and Regulated by the Financial Conduct Authority (âFCAâ) in the UK| FCA FRN: 564741 |
Minimum Initial Deposit | $100 |
Account Base Currencies | USD, EUR, GBP, PLN |
Account Deposit Methods | Bank Transfer, Credit Card, Debit Card, E-Wallet (Skrill, Sofort, UnionPay) |
Account Withdrawal Methods | Bank Transfer, Credit Card, Debit Card, E-Wallet (Skrill, Sofort, UnionPay) |
Live Chat | Yes |
| customerservices@terafx.co.uk | |
Call | – Head Office: +44(0)203 048 4764 – DIFC Branch: +971 4 401 9666 |
ADVANTAGES
Free Demo Account | Yes |
Spreads | Variable From 0.6 pips |
Execution Type | Market Execution |
Affiliate Program | Yes |
Swap Free | No |
Trading Platforms | MetaTrader 4 |
Scalping | Yes |
Hedging | Yes |
Expert Advisors | Yes |
Products | Forex, CFDâs on Indices and Commodities |
DISADVANTAGES
Restrictions | – The website is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law. – Tera Europe Limited (DIFC Branch) does not market to and cannot accept retail clients. |
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