TusarFX Review 2024

TusarFX Review 2024

Updated:
Updated: October 06, 2023

Attention!

This brokerage company is on the Blacklist. Working with companies on the Blacklist carries high risks of losing your money. We continuously monitor the Internet in order to identify new scams aimed at defrauding traders, and categorically do not recommend working with companies on the Blacklist.

We advise traders to choose reliable and trustworthy licensed companies from among top brokers of our rating:

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Editorial Note: We are unable to verify the validity of reviews and publish all reviews, both positive and negative, in accordance with the Users Reviews Policy.

Summary of TusarFX Trading Company

TusarFX is a broker who seeks to provide the most favorable trading conditions for working in the international currency market. Trading is carried out in the Forex market, gold and silver markets, and binary options trading is also provided. The broker declares that the company has representative offices in Indonesia, Thailand, Malaysia, China and Russia.

Geographic Distribution of TusarFX Traders

Popularity in

69.01%
DE
Germany
34%
UA
Ukraine
2.99%
Others
Others

User Satisfaction i

8 comments
Total score:
4.3 /10

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JemaEFXX
1 year ago

Fraudsters. When I started earning normally, they froze my money and blocked the withdrawal.

Responses to a comment
pennyfr3 to JemaEFXX
48 weeks ago

They treat everyone like that, and they live from it. Really regret contacting this fraudulent company. I want to warn others.

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Josephsaxy
1 year ago

They lay beautifully, but only when you want to withdraw funds - they will help you quickly merge everything. Do not recommend, they are scammers!

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zelmazu60
2 years ago

I opened an account with TusarFX for the sake of sports interest and due to the lack of requirements for the size of the deposit. The Light account allows you to work with minimal lots, so there was no need for large investments. As I understand from the reviews, the company is not very popular among experienced traders. I did not understand why, especially when I saw the almost flawless operation of the terminal. I did not manage to close the first deal before the release of fundamental news and was surprised the second time: the spread increased quite a bit. But the absence of any regulators crosses out all the advantages, for me the main thing is safety guarantees. Maybe the broker is good, but, apparently, I will not go further than a cent account with him.

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leela
3 years ago

I chose a Premium account at TusarFX for trading. This type of account has a floating spread and market order execution. But it turned out to be a very large commission for the transaction. In both directions, the commission is about 5 points. In addition, there is also a swap. Disappointed with TusarFX!

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platinuminv
3 years ago

Withdrawing profits from TusarFX is very slow. First, you send an application for withdrawal, they consider it for a week. Then they send you a letter with the requirement to verify your bank card. You go to the bank and collect documents. And already when your hare is approved, you wait for the withdrawal for another two weeks.

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mii_zzu
3 years ago

I would not recommend cooperation with the broker TusarFX. The very first is a long registration. My documents were checked for almost two weeks. When you start trading at TusarFX, you can see the difference between trading on a demo account and a real one. On a demo account everything is OK. Everything works badly on a real account. I do not recommend the broker TusarFX.

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nazmul53
3 years ago

Broker TusarFX does not have a regulatory license. I have not found any information about where the company is registered. Therefore, I consider TusarFX a company that does not inspire confidence.

Trading Conditions for TusarFX Users

💻 Trading platform: MetaTrader 4, Android Mobile Trader, iPhone Mobile Trader, Windows Mobile Trader
📊 Accounts: Premium, Standard, Light, Advanced
💰 Account currency: USD/EUR/RUR
💵 Replenishment / Withdrawal: Wire Transfers, Perfect Money
🚀 Minimum deposit: 1 USD
⚖️ Leverage: 1:500
💼 PAMM-accounts: No
📈️ Min Order: 0.01
💱 Spread: from 1.1 pip
🔧 Instruments: Forex, Metals
💹 Margin Call / Stop Out: Premium - 70/50%, Standard, Light - 60/40%, Advanced - 70/50%
🏛 Liquidity provider: No
📱 Mobile trading: Mobile Platforms
➕ Affiliate program: Yes
📋 Orders execution: Market Execution, Instant Execution
⭐ Trading features: No
🎁 Contests and bonuses: YES

Contacts

Foundation date 2014
Registration address Office at 346 Wards Building, Brown Hill, St. John's Parish, Nevis
Official site
Contacts

We constantly monitor the Internet for the emergence of new fraudulent schemes to deceive traders. We have been collecting data about scam brokers for more than 10 years and we think we know every dishonest company in the market. Below we have collected for you the information about the scammers from the List of SCAM Brokers.

All information posted on the Traders Union website is based on reliable and objective data. We have combined our 10 years’ experience in the financial sector and the feedback of our customers to provide you with a true picture of the best forex companies in the market. Detailed information about our methodology.
TusarFX Review TusarFX Review

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FAQs

Why has TusarFX been placed on the Forex Broker Blacklist?

Possible reasons:
• multiple complaints have been filed against TusarFX by traders claiming the broker failed to fulfil its obligations, including process withdrawals;
• the website of TusarFX is down, not updated or operates with clear errors and some features are not available;
• TusarFX has been blacklisted by the regulatory authority, and a warning has been published on the regulator’s website.

What should I do if TusarFX got blacklisted and I still have money in my account?

Don’t panic right away. First, try to find out the reason why TusarFX got blacklisted. The situation may be temporary. Contact Traders Union client service for details. If the situation is critical, try to withdraw money. The best way to do it in parts, so that the broker does not suspect that you want to withdraw your entire balance and close the account.

What should I do if I cannot withdraw my money from TusarFX?

If your broker refuses to process withdrawals under various pretexts, your algorithm of actions is as follows:
• Get a clear response from the broker’s Support Service with reference to the clauses of the Terms of Use (User Agreement). Save your correspondence and download the transaction history from your account.
• With a full package of documents, appeal to the following organizations: the broker’s regulator or corresponding law enforcement agencies. If you make your deposit with a bank transfer, try to initiate a chargeback request.
• Share your situation on traders’ forums, add the broker to blacklists of various websites, as it will help others avoid the mistake.

Is there any chance to recover my money if TusarFX is a scam?

On rare occasions, yes, for example, if the broker was a member of a compensation fund, or upon a court’s ruling.

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