Company Profile
| tegasFX Review Summary | |
| Founded | 2016 |
| Registered Country/Region | Comoros |
| Regulation | VFSC (Unverified) |
| Market Instruments | Forex, commodities, indices, cryptocurrencies |
| Demo Account | / |
| Leverage | Up to 200x |
| Spread | From 0.1 pips |
| Trading Platform | MT5 |
| Copy Trading | ✅ |
| Minimum Deposit | $200 |
| Customer Support | Online 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 Areas | Bangladesh, 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.
Pros and Cons
| Pros | Cons |
| Various trading products | VFSC regulation unverified |
| MetaTrader 5 platform | Trading commissions charged |
| Copy trading | High 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 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:
| 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.
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 Type | Account Currency | Minimum Deposit | Spread | Commission | Suitable for |
| MT5 Standard | EUR, USD | $200 | From 0.8 pips | ❌ | Beginners |
| MT5 ECN/STP Pro+ | $2,000 | From 0.1 pips | $3.5 per side | Experience traders | |
| MT5 ECN/STP VIP | $50,000 | From 0.1 pips | $2.5 per side | High-net-worth traders |
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 Platform | Supported | Available Devices | Suitable for |
| MT5 | ✔ | Web/Windows/Mobile phones | Experienced traders |
| MT4 | ❌ | / | Beginners |
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 Method | Accepted Currencies | Min Amount | Max Amount | Fees | Processing Time |
| Bank Transfer | USD, EUR | 200 | Unlimited | 10 SGD + bank fees | 1–2 working days |
| Credit Card (Volet) | USD, EUR | 10 | 10,000 | 3.50% | Same day |
| Volet – Volet | USD, EUR | – | Unlimited | 0.50% | Same day |
| USDT (ERC-20/TRC-20) | USDT | 20 | Unlimited | 0.50% | Same day |
| USDC (ERC-20/TRC-20) | USDC | 20 | Unlimited | 0.50% | Same day |
- Internal Transfers
| Transfer Type | Fees |
| Between same base currency trading accounts | Free |
| Between different base currency trading accounts | Converted according to exchange rate |
| Wallet Account (same base currency) | Free |
| Wallet Account (different base currency) | Converted according to exchange rate |
- Withdrawal Methods
| Withdrawal Method | Accepted Currencies | Min Amount | Max Amount | Fees | Processing Time |
| Bank Transfer | USD, EUR | 50 | Unlimited | 0.25% + bank charges | Same day |
| Credit Card (Volet) | USD, EUR | 10 | 10,000 | 0.50% | Same day |
| Volet – Volet | USD, EUR | – | Unlimited | 0.50% | Same day |
| USDT (ERC-20/TRC-20) | USDT | 20 | Unlimited | 0.50% | Same day |
| USDC (ERC-20/TRC-20) | USDC | 20 | Unlimited | 0.50% | Same day |
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 Conversion | According 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 $500,000 and flexible drawdown options up to 25%, traders can choose a setup that fits their style and risk tolerance.
Traders are said to be able to keep up to 100% of profits, with no time limits and payouts processed within 48 hours.
Furnari
Italy
In order for me to lose money, tegasfx add plugins on my account generating a huge slippage where my trades where placed with more than 800 of slippage, some trades even with more than 2000. This is a FAKE company that claims to be ECN/STP but truth is they are only another fake broker looking to take advantage on clients with the use of plugins.
Exposure
Furnari
Italy
I have start trading in Tegasfx few weeks ago and last week i notice that my orders where with huge slippage and i was losing my money because the time i place the trade with the huge slippage i was already losing. I have requested my withdrawal last monday octuber 10 and i was informed that will be proceed within 24hrs. I wated and nothing, then i sent another email and they say my account was nder investigation and then they invented that my trades where abusive that my order where off-market. now how can i place all my trades via my MT5 phone/PC and have them all off-market prices? IMPOSSIBLE because they lie. Well they have taken all my profits. They are SCAMMERS, says they are ECN broker at their website and then come into the email saying they are STP, another lie. They have at their web site twice that they accept EA, HFT, ALL KIND OF TRADING but then when you have a hedging mix with scalping trade they take your profits accusing of abusive trading and saying they are only STP broker. SCAMMERS!!!! DO not operate in this broker!!!! Im European and ill proceed with formal complaint to the regulators.
Exposure
FiboMen
Portugal
I have deposited 250$ 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.
Exposure
FX3041914626
Germany
Hello, so far I have always had a very good impression of your work and the information on the platform. Now I wanted to do some research on TegasFX. However, the information that you - also use for your evaluation - is completely incorrect. When I compare it to the TegasFX website, there are significant differences in the information. For example, the licensing/regulation; deposit and withdrawal options, just to name a few. I am not registered there yet. But I find this somewhat unprofessional of you. I want to be able to rely on your statements! Regards, Dieter
Neutral
周见录³⁷⁸⁹
Taiwan, China
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.
Positive
阿牛
Malaysia
These scammers are so rude, trying to constantly extract more and more money from you, never-ending phone calls, pressure intimate calls... Please read reviews before even thinking of giving these GREEDY CREEPS your hard-earned money.
Positive
FX4255247862
France
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.
Exposure
BollinguerBand
United States
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
Exposure