Global Broker Regulatory Inquiry Platform
WikiFX

Score

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0 1 2 3 4 5 6 7 8 9
0 1 2 3 4 5 6 7 8 9
/10
The WikiFX Score of this broker is reduced because of too many complaints!

tegasFX

Comoros Comoros | 5-10 years |
ECN Account Suspicious Regulatory License | Suspicious Scope of Business | High potential risk

https://www.tegasfx.com

Website

Rating Index

Influence

Influence

C

Influence index NO.1

Germany Germany 3.47
Surpassed 15.80% brokers
Biz Area Search Statistics Advertising Social Media Index

Contact

+65 316 367 71
https://www.tegasfx.com
Bonovo Road, Fomboni, Comoros
The WikiFX Score of this broker is reduced because of too many complaints!

license Forex License

risk

No forex trading license found. Please be aware of the risks.

Warning: Low score, please stay away!
  • This broker lacks valid forex regulation. Please be aware of the risk!
4

Basic Information

Registered Region
Comoros
Operating Period
5-10 years
Company Name
tegasFX Limited
Customer Service Email Address
info@tegasfx.com
Contact Number
+6531636771
Furnari

Furnari

Unverified

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

Furnari

Unverified

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

FiboMen

Unverified

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

FX3041914626

Unverified

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

Neutral

周见录³⁷⁸⁹

周见录³⁷⁸⁹

Unverified

Taiwan

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

Positive

阿牛

阿牛

Unverified

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

Positive

FX4255247862

FX4255247862

Unverified

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

BollinguerBand

Unverified

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

8
Account
Funding
Biz Area
Website
Company Summary
Wiki Q&A
Comment

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Official Website

Website

  • tegasfx.com
    104.26.15.17
    Server Location
    United States United States
    ICP registration
    --
    Most visited countries/areas
    --
    Domain Effective Date
    2016-07-18
    Website
    WHOIS.NAMECHEAP.COM
    Company
    NAMECHEAP INC.

Company Profile

Company Profile

Review 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 pipsBeginners
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
MT5Web/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, EURUnlimited0.50%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, EURUnlimited0.50%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.

Keywords

  • 5-10 years
  • Suspicious Regulatory License
  • Suspicious Scope of Business
  • High potential risk

Wiki Q&A

Is tegasFX a regulated broker?

tegasFX (tegasFX Limited) is registered in Comoros and operates with a regulatory status designated as 'Unverified'. The broker's operational framework references a Vanuatu Financial Services Commission (VFSC) license, number 14697, held by the associated company Clover Markets Ltd, which is also listed as unverified. This structure indicates it is not directly supervised by any of the major global tier-1 financial regulators.

16h
United States

What trading accounts does tegasFX offer?

tegasFX offers three MetaTrader 5 account types differentiated by minimum deposit requirements. The MT5 Standard account requires a minimum deposit of $100 and offers spreads from 0.8 pips. The MT5 ECN/STP Pro+ and VIP accounts require $2,000 and $50,000 minimum deposits respectively, with tighter spreads from 0.1 pips. All accounts provide a maximum leverage of 1:200, support scalping, Expert Advisors (EAs), and locked positions, but do not offer Islamic swap-free options. Standard funding methods are not explicitly listed.

16h
United States

How trustworthy is tegasFX?

According to WikiFX assessment, tegasFX has a low overall score of 1.58, which primarily reflects its unverified regulatory standing and offshore operational model. The broker's software capabilities, scored at 4.0, are provided by the MetaTrader 5 platform. However, the WikiFX risk control index of 0.0 indicates a fundamental absence of formal safeguards that are typically associated with brokers regulated by major global authorities.

16h
United States

How is the WikiFX Score calculated?

WikiFX ratings are calculated based on a multi-dimensional data model, mainly including five dimensions: regulatory index, license index, business index, risk control index, and software index. The rating adopts a range system (0-10 points). The higher the score, the higher the broker's overall performance level. In addition, ratings are dynamically updated according to regulatory changes, complaint handling results, and historical data performance, making the rating more objective and timely. You can check the scores of each dimension and their trends on the WikiFX platform to evaluate the broker's actual situation more comprehensively.

14h
United States

What factors should I consider when choosing a safe forex broker?

When choosing a safe broker, investors should focus on key factors such as regulatory qualifications, fund security, and trading transparency. In general, priority should be given to platforms regulated by major regulatory authorities, such as the Financial Conduct Authority, the U.S. Securities and Exchange Commission, and the Australian Securities and Investments Commission. At the same time, attention should also be paid to: whether client funds are kept in segregated accounts, whether the fee structure is transparent, and whether there are many negative complaints or withdrawal problems. By combining WikiFX ratings and user feedback, investors can evaluate broker risks more comprehensively.

14h
United States

What is WikiFX, and how does it help investors?

WikiFX is a third-party platform that provides forex broker information inquiry and risk alerts. This type of platform mainly integrates brokers' regulatory information, user feedback, and historical records, and conducts comprehensive evaluation through a multi-dimensional model to help investors quickly understand the broker's basic situation and potential risks. By using such tools, investors can conduct preliminary screening before choosing a broker, thereby reducing decision-making risks caused by information asymmetry.

14h
United States

How should I compare different forex brokers to find the best one?

To compare different brokers, investors can make comprehensive judgments from multiple dimensions such as regulatory qualifications, overall ratings, trading environment, account conditions, and user feedback. In general, priority should be given to regulatory status and license information, followed by WikiFX ratings and various indexes (such as risk control, software, and business indexes). At the same time, trading conditions (such as spreads and execution speed) and account information (such as minimum deposit and account types) should also be compared. In addition, user reviews, exposure records, and risk assessment information can also be considered to evaluate broker safety and trading experience from multiple aspects. The WikiFX platform also provides multi-dimensional broker comparison tools. Users can select different brokers for visual comparison and comprehensive analysis, so as to make decisions more efficiently.

14h
United States

Can I recover my funds if I have been scammed by a broker?

Recovering funds after investment fraud can be difficult, but taking timely action may still help recover part of the losses. It is recommended to take the following actions immediately: keep trading records, chat records, and other evidence; contact the bank to try to stop or freeze the payment; report the case to local law enforcement agencies. In addition, investors can also use WikiFX complaint and exposure channels to increase the visibility of problematic platforms and improve the efficiency of rights protection.

14h
United States
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※ WikiFX compiles data from publicly available sources and user contributions. While we endeavor to maintain its accuracy, we do not warrant the information's completeness, accuracy, or timeliness, as it may become outdated. Investors are strongly advised to verify critical details with official sources before making any decisions.
You are visiting the WikiFX website. WikiFX Internet and its mobile products are an enterprise information searching tool for global users. When using WikiFX products, users should consciously abide by the relevant laws and regulations of the country and region where they are located.
consumer hotline:006531290538
Official Email:support@wikifx.com;
Mobile Phone Number:234 706 777 7762;61 449895363
Telegram:+60 103342306
Whatsapp:+852-6613 1970;
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