TeraFX Spreads vary according to the account type that the trader is using. While TeraFX does not provide its historical spread list, the broker does provide raw spreads through its ECN connectivity.TeraFX offers $7 / R 112 commission.
TeraFX at a Glance
| 🔎 Broker's Name | TeraFX |
| 🏛️ Headquartered | London, England |
| 📅 Year Founded | 2011 |
| ⚖️ Regulating Authorities | FCA |
| 🌐 Countries not accepted for trade | United States |
| ☪️ Islamic account (swap-free) | No |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1:30 |
| 💰 Minimum Deposit | $100 / R 1611 |
| 💳 Deposit Options | Bank transfer, Credit card, Debit Card, E-wallets incl. Skrill, Sofort and UnionPay |
| 💳 Withdrawal Options | Bank transfer, Credit card, Debit Card, E-wallets incl. Skrill, Sofort and UnionPay |
| 💻 Platform Types | MetaTrader 4 |
| 📱 OS Compatibility | Windows, Mobile, Web, iPhone, iPad PC and Mac OS, mobile for Android and IOS |
| 📈 Tradable assets offered | Forex, commodities, indices |
| 👨💼 Languages supported on Website | Multilingual |
| 👥 Customer Support Languages | Multilingual |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Min Deposit USD 100 Regulators FCA Trading Platform MT4 Crypto Yes Total Pairs 59 Islamic Account No Trading Fees Low Account Activation 24 Hours
Choose your quick section of our TeraFX Fees Spreads and Commission below.
TeraFX Fees and spreads – 8 key points quick overview:
TeraFX at a Glance- TeraFX Fees and spreads – 8 key points quick overview:
- TeraFXFees and Spreads
- TeraFX Additional Trading Fees
- TeraFX Broker Fees
- TeraFX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the TeraFX Fees Spreads and Commissions as well as the features that are offered, which could affect your trading.
TeraFX Fees and Spreads
Traders with TeraFX can expect the following spread list:
While TeraFX does not provide its historical spread list, the broker does provide raw spreads through its ECN connectivity.
Raw spreads offer real market prices for all instruments. Forex brokers will not add any mark-up on asset prices, so spreads usually are extremely low or even zero.
With regards to commissions, the broker charges a $7 / R 112 commission, which is high when compared to many other brokers in the industry.
TeraFX Additional Trading Fees
TeraFX charges a 25USD one-off withdrawal fee if no trades were made on the account and a full deposit is requested for withdrawal. This fee covers onboarding cost.
The broker charges swap fees, also referred to as overnight fees.
A swap or rollover fee is the net interest return on a currency position held overnight by a trader. That is, when trading currencies, an investor borrows one currency to buy another. The interest paid, or earned, for holding the position overnight is called the rollover rate.
When a position is held overnight, the broker will apply a financing entry to your account. This may be a debit or a credit entry depending on the contributing factors outlined above, namely relative interest rates and broker premiums.
The broker does not offer an Islamic, or swap-free Account to traders of the Muslim faith, for whom the interest accrued on swap charges is prohibited by Sharia law.
TeraFX Broker Fees
Traders should also be sure to check with the client support or account manager on any additional broker fees which may be waived by their financial institution.
As already noted, traders may be subjected to currency conversion fees should they transfer fees in a currency that is different from their account base currency.
As TeraFX also offers spread betting, so spread betting fees will apply.
Min Deposit USD 100 Regulators FCA Trading Platform MT4 Crypto Yes Total Pairs 59 Islamic Account No Trading Fees Low Account Activation 24 Hours
TeraFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Acceptable minimum deposit | Withdrawal fees are charged |
| No deposit fees | |
| Tight, raw spreads |
Conclusion
TeraFX Spreads vary according to the account type that the trader is using. While TeraFX does not provide its historical spread list, the broker does provide raw spreads through its ECN connectivity.TeraFX offers $7 / R 112 commission.
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Frequently Asked Questions
How many instruments can I trade with TeraFX?
TeraFX offers a range of tradable forex pairs and CFDs. There are 59 forex pairs, six metal CFDs, 12 stock indices, four cryptocurrencies, and two energies available.
Does TeraFX offer leverage?
Leverage rates with TeraFX are lowered due to EU regulations. 1:30 is the maximum rate for major forex pairs and some minors whereas other minors are capped at 1:20.
Exotic pairs, along with metals and indices vary up to 1:20, while other commodities are limited to 1:10 and no leverage is available on cryptos.
What spreads can I expect with TeraFX?
TeraFX does not provide its historical spread list. The broker provides raw spreads through its ECN connectivity.
Raw spreads offer real market prices for all instruments. Forex brokers will not add any mark-up on asset prices, so spreads usually are extremely low or even zero.
Does TeraFX charge a commission?
Yes. The broker charges a $7 commission.
What is the overall rating out of 10 for TeraFX?
8/10.
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