tegasFX

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.

Pros and Cons

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 Country	Regulator	Current Status	Regulated Entity	License Type	License No.
	VFSC	Unverified	Clover Markets Ltd	Retail Forex License	14697

What Can I Trade on tegasFX?

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

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.

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:

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.

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

• Internal Transfers

• Withdrawal 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.

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.