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tegasFX -

Score

1.57 /10
Danger

tegasFX

Comoros

5-10 years

Suspicious Regulatory License

High potential risk

https://www.tegasfx.com

Influence

C

Add brokers

Comparison

Quantity 5

Exposure

Open Account
Website

Score

Regulatory Index0.00

Business Index7.48

Risk Management Index0.00

Software Index4.00

License Index0.00

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

Licenses

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

Single Core

1G

40G

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Broker Information

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Company Name

tegasFX Limited

Company Abbreviation

tegasFX

Platform registered country and region

Comoros

Company website

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Company summary

Pyramid scheme complaint

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Warning: Low score, please stay away! 5
Previous Detection : 2025-11-21
  • It has been verified that this broker currently has no valid forex regulation. Please be aware of the risk!
  • The broker's claimed VanuatuVFSC regulation (Regulation Number: 14697) has not been verified. Please be alert to the risks!

WikiFX Verification

Exposure

5 pieces of exposure in total
Pyramid scheme complaint
Expose
Unable to Withdraw

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 14:26
Scam

PURE SCAM

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 15:01
Severe Slippage

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 04:20
Scam

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 09:32
Scam

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 03:29
tegasFX · Company summary
tegasFX Review Summary
Founded2016
Registered Country/RegionComoros
RegulationVFSC (Unverified)
Market InstrumentsForex, commodities, indices, cryptocurrencies
Demo Account/
LeverageUp to 200x
SpreadFrom 0.1 pips
Trading PlatformMT5
Copy Trading✅
Minimum Deposit$200
Customer SupportOnline chat, contact form
Tel: +65 316 367 71
Email: info@tegasfx.com; support@tegasfx.com
Social platform: Facebook, YouTube, Instagram, Discord
Address: Bonovo Road, Fomboni, Comoros
Restricted AreasBangladesh, Belarus, Bolivia, Cuba, Ecuador, Iran, Kyrgyzstan, Liberia, Libya, North Korea, Republic of Vanuatu, Singapore, Sudan, Syria, United States of America, Zimbabwe

tegasFX Information

tegasFX is a financial services company registered in Comoros, offering trading services in forex, commodities, indices, and cryptocurrencies. Except for trading services, the company also offer financial servies such as FIX API Trading, PAMM Platform to traders.

It provides the world renowned MetaTrader 5 platform for investors to execute trades, and offers 3 tiered accounts for different client groups.

However, its claimed VFSC license is unverified so far by the authority, indicating possible incompliance to financial regulations and less customer protection.

tegasFX's homepage

Pros and Cons

Pros Cons
Various trading productsVFSC regulation unverified
MetaTrader 5 platformTrading commissions charged
Copy tradingHigh minimum deposit
Deposit/withdrawal/inactivity fees charged
Inactivity fee charged
No services in certain areas

Is tegasFX Legit?

tegasFX's VFSC (Vanuatu Financial Services Commission) with license no. 14697 is unverified so far by the authorities, indicating that the company might not be regulated by any financial bodies. Investors should be vigilant and cautious about this.

Regulated CountryRegulatorCurrent StatusRegulated EntityLicense TypeLicense No.
South Africa
VFSCUnverifiedClover Markets LtdRetail Forex License14697
Unverified VFSC license

What Can I Trade on tegasFX?

tegasFX offers more than 200 market instruments for clients to trade with:

Tradable Instruments Supported
Forex✔
Commodities✔
Indices✔
Cryptocurrencies✔
Stocks❌
Bonds❌
Options❌
ETFs❌
Mutual Funds❌

Services

Apart from trading services, tegasFX provides a wide range of trading solutions for serious traders and institutions:

From Easybroker™, a turnkey solution for launching your own brokerage without licensing hurdles, to FIX API trading for low-latency market access, tegasFX delivers professional-grade technology and infrastructure.

Investors can also tap into managed trading with its PAMM platform, while active traders benefit from advanced tools like StereoTrader—offered free with qualifying accounts.

Services

Account Type

tegasFX did not provide a demo account for practicing like many other peer brokers, which is a shortage.

While for live trading, there are 3 tiered accounts to choose from, basing on your trading experience and financial capabilities:

Account TypeAccount CurrencyMinimum DepositSpread Commission Suitable for
MT5 StandardEUR, USD$200From 0.8 pips❌Beginners
MT5 ECN/STP Pro+$2,000From 0.1 pips$3.5 per sideExperience traders
MT5 ECN/STP VIP$50,000From 0.1 pips$2.5 per sideHigh-net-worth traders
Account comparison

Leverage

tegasFX offers leverage up to 200x,allowing traders to magnify their initial investment at a maximum of 200 times.

However, it's never too cautious to use leverage prudently since it amplifies both gains and losses at the same time.

Trading Platform

tegasFX claims to use both the world renowned MetaTrader 4 and platforms, but we can only find access link for MT5. The MT5 platform is popular among investors worldwide for its user-friendly interface, robust functions, comprehensive market access and advanced analysis tools.

You can be access the platform via web, Windows, iOS and Android devices.

Trading PlatformSupported Available Devices Suitable for
MT5✔Web/Windows/Mobile phonesExperienced traders
MT4❌/Beginners
MT5

Deposit and Withdrawal

tegasFX offers multiple deposit and withdrawal methods, including bank transfers, credit cards and cryptocurrencies (ERC20 & TRC20), each with different minimum amount, processing time, currencies and fees.

  • Deposit Methods
Deposit MethodAccepted CurrenciesMin AmountMax AmountFeesProcessing Time
Bank TransferUSD, EUR200Unlimited10 SGD + bank fees1–2 working days
Credit Card (Volet)USD, EUR1010,0003.50%Same day
Volet – VoletUSD, EUR–Unlimited0.50%Same day
USDT (ERC-20/TRC-20)USDT20Unlimited0.50%Same day
USDC (ERC-20/TRC-20)USDC20Unlimited0.50%Same day
  • Internal Transfers
Transfer TypeFees
Between same base currency trading accountsFree
Between different base currency trading accountsConverted according to exchange rate
Wallet Account (same base currency)Free
Wallet Account (different base currency)Converted according to exchange rate
  • Withdrawal Methods
Withdrawal MethodAccepted CurrenciesMin AmountMax AmountFeesProcessing Time
Bank TransferUSD, EUR50Unlimited0.25% + bank chargesSame day
Credit Card (Volet)USD, EUR1010,0000.50%Same day
Volet – VoletUSD, EUR–Unlimited0.50%Same day
USDT (ERC-20/TRC-20)USDT20Unlimited0.50%Same day
USDC (ERC-20/TRC-20)USDC20Unlimited0.50%Same day
Deposit methods

Fees

tegasFX charges inactivity fees at USD 5 per month after inactive for 6 month of your account, and currency conversion fees basing on certain exchange rates.

Account Opening (live/demo)Free
Inactivity Fee (after 6 months)5 USD
Currency ConversionAccording to current exchange rate

Instant Funding

tegasFXs Instant Funding program offers traders immediate access to real capital, eliminating the delays and challenges of traditional evaluation phases. With account sizes ranging from $1,000 to $500,000 and flexible drawdown options up to 25%, traders can choose a setup that fits their style and risk tolerance.

Traders are said to be able to keep up to 100% of profits, with no time limits and payouts processed within 48 hours.

User Reviews

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User comment

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FX3041914626
6-12months
Moin, bisher hatte ich immer einen sehr guten Eindruck von ihrer Arbeit und der Informationen auf der Plattform. Nun wollte ich eine Recherche zu TegasFX machen. Nur die Informationen, die sie - auch für ihre Bewertung heranziehen - stimmen hinten und vorne nicht. Wenn ich einen Vergleich zur TegasFX Webseite ziehe, sind dort erhebliche Unterschiede Informationen zu erkennen. Zum Bsp. die Lizenzierung/Regulierung; Ein- und Auszahlmöglichkeiten um nur zwei Beispiele zu nennen. Ich bin dort noch nicht registriert. Aber das finde ich irgen wie unseriös von ihnen. Ich will mich doch verlassen auf ihre Aussagen! Gruß Dieter
Moin, bisher hatte ich immer einen sehr guten Eindruck von ihrer Arbeit und der Informationen auf der Plattform. Nun wollte ich eine Recherche zu TegasFX machen. Nur die Informationen, die sie - auch für ihre Bewertung heranziehen - stimmen hinten und vorne nicht. Wenn ich einen Vergleich zur TegasFX Webseite ziehe, sind dort erhebliche Unterschiede Informationen zu erkennen. Zum Bsp. die Lizenzierung/Regulierung; Ein- und Auszahlmöglichkeiten um nur zwei Beispiele zu nennen. Ich bin dort noch nicht registriert. Aber das finde ich irgen wie unseriös von ihnen. Ich will mich doch verlassen auf ihre Aussagen! Gruß Dieter
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2025-02-27 18:50
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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.
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.
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2023-03-14 14:52
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5