Traders Union has analyzed financial markets for over 14 years, evaluating brokers based on 250+ transparent criteria, including security, regulation, and trading conditions. Our expert team of over 50 professionals regularly updates a Watch List of 500+ brokers to provide users with data-driven insights. While our research is based on objective data, we recommend that users perform independent due diligence and consult official regulatory sources before making any financial decisions.
Learn more about our methodology and editorial policies.
TegasFX Pros & Cons
- Over 100 different asset types.
- Low trading fees.
- High liquidity with an average order execution time of 7 ms.
- All strategies and methods are allowed.
- Extensive opportunities for passive income.
- Multiple deposit and withdrawal options, including crypto wallets.
- There are no CFDs on stocks or bonds.
- The company charges fees for deposits and withdrawals.
- Lack of analytical reviews and educational resources.
- Significant regional restrictions apply; for example, the platform is not accessible to US residents.
TegasFX offers clients a diverse range of financial instruments, including currency pairs, contracts for difference (CFDs) on metals, energies, indices, and cryptocurrencies. Trading is executed through the popular MetaTrader 4 and MetaTrader 5 platforms.
Traders can trade on a demo account for some practice or immediately open one of four live accounts: MT4 ECN/STP, MT4 ECN/STP Pro, MT5 ECN/STP Pro+, or FIX API 4.4. Spreads vary by asset, with the best average spread recorded at 0.2 pips for the EUR/USD pair. Commissions start at $3.50 per lot.
The minimum deposit is set at $200 for the MT4 ECN/STP account. The maximum leverage offered is 1:200. Technical support is available 24/7 via four main communication channels.
TU Expert Verdict
TegasFX carries a higher degree of risk. My review and user feedback point to noticeable performance issues and limitations. It may be appropriate only for experienced traders who fully understand the risks and are prepared for potential instability.
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TegasFX User Reviews
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Commissions and Fees
Score:We evaluate brokers' fees and spreads by assessing the costs associated with Standard and ECN/Raw spread accounts, including commissions and spreads. Additionally, our evaluation considers extra fees such as deposit/withdrawal charges and inactivity fees. Learn the assessment criteria5 /10The trading and non-trading commissions of TegasFX have been analyzed and rated as having Medium fees, with a fees score of 5/10. Additionally, these commissions were compared with those of the top two competitors, OANDA and FOREX.com, to provide the most comprehensive information.
- Tight EUR/USD market spread
- Above-average Forex trading fees
Trading Fees and Spread
Below, we evaluated and compared the trading commissions of TegasFX with those of two competitors. We focused on the spreads and other transaction fees directly associated with executing trades (e.g commission per lot on an ECN account). This comparison aimed to provide a clear understanding of the cost efficiency of each broker.
RAW/ECN Account Commission And Spread
The spread on ECN/RAW accounts is market-based and fluctuates, with average values given during active hours. It may vary during volatility spikes. A commission per lot is also charged.
TegasFX RAW/ECN spreads TegasFX OANDA FOREX.com Commission ($ per lot) The commission is the fee charged by the broker for trading one standard forex lot (100,000 units of the base currency). 4.0 3.5 5 EUR/USD avg spread 0.2 0.15 0.2 GBP/USD avg spread 0.8 0.2 0.4 Non-Trading Fees
We conducted a detailed analysis of the non-trading fees associated with TegasFX. This review offers a comprehensive overview of the additional costs that may impact traders beyond regular trading activities.
TegasFX Non-Trading Fees TegasFX OANDA FOREX.com Deposit fee, % The indicated amount does not include possible fees from payment systems and banks. 0.5-3.5 0 0 Withdrawal fee, % The indicated amount does not include possible fees from payment systems and banks. 0.25-1 0 0 Withdrawal fee, USD The indicated amount does not include possible fees from payment systems and banks. 0 0-15 0 Inactivity fee ($, per month) 5 0 15 -
Is TegasFX Safe?
Score:We evaluate brokers' safety based on several key criteria. The highest value is placed on regulation, especially Tier 1 regulation, which ensures adherence to stringent standards set by top financial authorities like the FCA in the UK, CFTC in the US, CySEc and BaFin (EU) or ASIC (Australia). High scores are also given for participation in investor protection funds, which safeguard clients' funds in case of broker insolvency. Learn the assessment criteria4.7 /10TegasFX has a safety score of 4.7/10, which corresponds to a Low security level. The safest brokers are those with Tier-1 regulation, a long history (over 10 years in the market), and participation in investor compensation schemes.
- Is regulated
- Track record over 10 years
- Not tier-1 regulated
- No negative balance protection
TegasFX Regulators and Investor Protection Abbreviation Full Name Country of regulation Investor Protection Fund Regulation Level
VFSC Full Name Vanuatu Financial Services Commission Country of regulation Vanuatu Investor Protection Fund No specific fund Regulation Level Tier-3 TegasFX Security Factors Foundation date 2016 Negative balance protection NoVerification (KYC) Yes -
Account Types
Score:We evaluate a broker’s account offering by analyzing the range and suitability of available account types and how effectively they cater to different trader profiles and strategies. Our assessment covers the diversity of account options — including Standard, ECN/Raw, Cent, Swap-Free (Islamic), and VIP accounts — as well as the flexibility of trading conditions provided. Learn the assessment criteria.3.2 /10TegasFX offers the following account options: Demo, ECN/Raw spread.
However, TegasFX does not provide an ECN account with direct market access, which may be a drawback for experienced traders or scalpers seeking the lowest spreads.
- Tight spread ECN account
- Low minimum deposit
- Demo account
- No Cent account
- Micro lots are not available
TegasFX account types vs top competitors TegasFX Trading.com Plus500 Standard NoYesYesECN/Raw spread YesNoNoDemo YesYesYesCent NoNoNoMicro NoNoNoSwap Free NoNoNoVIP NoNoNoManaged NoNoNoTegasFX accounts trading conditions
TegasFX offers four types of live accounts. When reviewing their conditions, pay attention to the minimum deposit requirements and trading commissions.
Account Type Description MT4 ECN/STP The minimum deposit is $200, spreads start from 0.1 pips, and the commission is 4$ per lot. MT4 ECN/STP Pro The minimum deposit is $2,000, spreads start from 0.1 pips, and the commission is $3.5 per lot. MT5 ECN/STP Pro+ The minimum deposit is $1,000, spreads start from 0.1 pips, and the commission from $3.5 per lot. FIX API 4.4 The minimum deposit is $10,000, spreads start from 0.1 pips, and the commission is calculated individually. Leverage is up to 1:200, and the trade size ranges from 0.01 to 200 lots. The FIX API 4.4 account is available upon request and is designed for professional and institutional clients. Trading on this account is conducted through the FIX protocol, offering premium access to deep liquidity and competitive pricing.
There is also a demo account available, which is highly recommended for beginner traders. This allows them to gain valuable hands-on experience and test strategies without risking real funds.
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Deposit and Withdrawal
Score:This section assesses the efficiency, speed, and affordability of brokers’ transaction processes, focusing on available methods, currencies, and fees. For further details, please refer to our data-focused methodology6 /10TegasFX received a Medium score for the efficiency and convenience of its deposit and withdrawal processes.
TegasFX provides a reasonable range of deposit and withdrawal options with moderate fees, in line with industry standards.
- Low minimum withdrawal requirement
- BTC available as a base account currency
- USDT (Tether) supported
- Minimum deposit below industry average
- Wise not supported
- PayPal not supported
- Withdrawal fee applies
What are TegasFX deposit and withdrawal options?
TegasFX provides a basic range of deposit and withdrawal options, covering essential methods in line with industry standards. This set of options is sufficient for most traders, with available methods Bank Card, Bank Wire, BTC, USDT, Ethereum.
TegasFX Deposit and Withdrawal Methods vs Competitors TegasFX Trading.com Plus500 Bank Wire YesYesYesBank card YesYesYesPayPal NoNoYesWise NoNoNoBTC YesNoNoWhat are TegasFX base account currencies?
A wide range of base account currencies minimizes the need for currency conversion, potentially reducing transaction costs. TegasFX supports the following base account currencies: USD, EUR, Bitcoin.
What are TegasFX's minimum deposit and withdrawal amounts?
The minimum deposit on TegasFX is $200, while the minimum withdrawal amount is 10-50. These minimums may vary depending on the chosen account type and payment method. For specific details, please contact TegasFX’s support team.
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Markets and Tradable Assets
Score:The evaluation in this section is based on the TU methodology and reflects the total number and variety of tradable assets offered by the broker, including Forex currency pairs. It also considers the availability of passive income tools such as PAMM accounts, copy trading, and similar services. All information is obtained from publicly available sources and may change. Learn the assessment criteria3.8 /10TegasFX offers a limited selection of trading assets compared to the market average. The platform supports 200 assets in total, including 36 Forex pairs.
- Indices trading
- Crypto trading
- Copy trading platform
- Small selection of currency pairs
- Limited asset selection
Supported markets vs top competitors
We have compared the range of assets and markets supported by TegasFX with its competitors, making it easier for you to find the perfect fit.
TegasFX Trading.com Plus500 Currency pairs 36 69 60 Total tradable assets The total tradable assets listed include all available instruments, including CFDs. Due to regional restrictions, certain CFDs may not be offered in some countries. For example, cryptocurrency CFDs are banned in the UK, and the U.S. has restrictions on CFDs. 200 69 2800 Stocks NoNoYesCommodity futures NoNoYesCrypto Cryptocurrency CFDs are restricted or prohibited in certain regions due to regulatory limitations. These include the United Kingdom, China, Egypt, the United States and Canada. YesNoYesStock indices YesNoYesOptions NoNoYesInvestment options
We also explored the trading assets and products TegasFX offers for beginner traders and investors who prefer not to engage in active trading.
TegasFX Trading.com Plus500 Bonds NoNoNoETFs NoNoYesCopy trading YesNoNoPAMM investing YesNoNoManaged accounts NoNoNo -
Trading Account Opening
Score:We evaluated Trading Account Opening at TegasFX by testing the registration process under real conditions, including opening an account and funding it with the minimum required deposit (but no less than $100). Our assessment considered whether onboarding was fully online, the average registration time, the speed of KYC verification, and how quickly traders could activate their accounts. Learn the assessment criteria.10 /10We successfully registered an account with TegasFX in 7 minutes. The KYC verification was completed within 1 business day. The minimum deposit amount at TegasFX is $200. This is one of the most accessible and hassle-free onboarding procedures on the market.
- Fast registration time (up to 15 minutes)
- Low minimum deposit requirement
- Quick KYC verification (1 business day or less)
- Account setup process may feel less convenient for beginners
TegasFX account opening TegasFX Trading.com Plus500 Online Registration YesYesYesMinimum deposit $200 $50 $100 Mandatory KYC YesYesYesRegistration time (min) 7 20 KYC time (days) 1 2 3 Is TegasFX available in my country?
If you are a citizen of United States, the broker accepts clients from your country.
Please note that availability may vary due to regulatory requirements, so we recommend confirming directly with the broker for the most accurate and up-to-date information.
Account opening details
The process is very simple. Here’s the necessary step-by-step guide:
Click the “Open Real Account” button in the upper-right corner of any page on the broker’s website.
Enter your first name, last name, country of residence, and email address. Create a password and confirm it. Agree to the terms and conditions by checking two boxes.
Confirm your email address by entering the PIN code sent to it or by following the link in the email.
The system will open your user account. You must complete verification to access all features.
Open an MT4 ECN/STP, MT4 ECN/STP Pro, MT5 ECN/STP Pro+, or FIX API 4.4 account and deposit at least the minimum required amount using your preferred method.
Download the trading platform and start trading.
In the user account, you can also apply for partnership programs, register in the PAMM/MAM, or copy trading services as a manager, signal provider, or investor. Detailed statistics will be available later.
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Customer Support
Score:We evaluated Customer Support at TegasFX by opening a real account funded with the minimum required deposit (no less than $100) and contacting support to measure response time under real conditions. Our assessment considered contact channels, response speed, multilingual support, and availability hours. Learn the assessment criteria1.2 /10TegasFX demonstrates a low level of customer support reliability. Contacting support can be difficult, and responses may be significantly delayed or incomplete.
During testing, managers were slow to respond or failed to provide sufficient assistance. Such a support level may create risks for traders who require timely issue resolution.
InformationTechnical support is available 24/7 via phone, email, online chat, and a ticket system on the broker’s website.
- Four main communication channels
- Unregistered clients will also receive a response
- Support operates on a weekday basis
- Sufficient competence
- On weekends and holidays, tech support is slow
Contacts Foundation date 2016 Registration address Pot 615/304, Rock Terrace Building, Kumul Highway, Port Vila, Vanuatu Regulation VFSC Licence number:
14697Official site https://www.tegasfx.com/ Contacts info@tegasfx.com +65 316 367 71
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FAQs
How are TegasFX trading commissions and non-trading fees structured?
TegasFX has been assessed as having medium overall fees, with tight EUR/USD spreads but above-average Forex trading fees. On RAW/ECN accounts, the commission is $4.0 per lot with average spreads of 0.2 pips on EUR/USD and 0.8 pips on GBP/USD, while non-trading fees include deposit charges of 0.5–3.5%, withdrawal fees of 0.25–1%, and a $5 monthly inactivity fee.
What account types and trading conditions does TegasFX provide?
TegasFX offers a demo account and several ECN/Raw spread live accounts, but does not provide Standard, Cent, Micro, Swap Free, VIP, or managed accounts. Live options include MT4 ECN/STP (from $200, 0.1-pip spreads, $4 per lot), MT4 ECN/STP Pro (from $2,000, 0.1-pip spreads, $3.5 per lot), MT5 ECN/STP Pro+ (from $1,000, 0.1-pip spreads, commission from $3.5 per lot), and a FIX API 4.4 account (from $10,000, individually calculated commission), with leverage up to 1:200 and trade sizes from 0.01 to 200 lots.
What do TegasFX user reviews indicate about overall client satisfaction?
TegasFX has a user satisfaction score of 6/10 based on 5 reviews, all of which are 3-star ratings, indicating a mixed perception among reviewers. According to user reviews, there are no strongly positive or strongly negative ratings reported in this dataset.
What deposit and withdrawal options and limits are mentioned in reviews of TegasFX?
TegasFX supports deposits and withdrawals via bank cards, bank wire, BTC, USDT, and Ethereum, with base account currencies in USD, EUR, and Bitcoin. The minimum deposit is $200 and the minimum withdrawal ranges from 10 to 50 (depending on account type and payment method), while reviews of the conditions highlight low minimum withdrawal, a below-average minimum deposit, but also deposit fees and limited flexibility that can increase costs.
How do reviews describe the TegasFX trading account opening process?
The TegasFX account opening process is fully online, with registration reportedly taking about 7 minutes and KYC verification completed within 1 business day, and it requires a minimum deposit of $200. Based on available feedback in this section, the procedure is described as accessible and straightforward overall, though it may feel less convenient for some beginners.
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