TeraFX has a minimum deposit requirement of $100 / R 1611. USD, EUR, GBP, and PLN are accepted as deposit currencies. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
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 Minimum Deposit below
TeraFX Minimum deposit – 9 key points quick overview:
TeraFX at a Glance- TeraFX Minimum deposit – 9 key points quick overview:
- TeraFX Minimum Deposit
- TeraFX Deposit fees and deposit methods
- TeraFX Step by step guide to depositing the minimum amount
- TeraFX Pros and Cons
- Conclusion
- Frequently Asked Questions
Here is our overview of the TeraFX Minimum deposit as well as the pros and cons as well as features that are offered to traders.
TeraFX Minimum Deposit
The minimum deposit amount required to open a broker account with TeraFX is $100 / R1611. This is an average minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.
TeraFX Deposit fees and deposit methods
TeraFX provides traders with the following available deposit methods:
Bank transfer
Credit card or debit card
E-wallets, including Skrill, Sofort, and UnionPay
The quickest and easiest way to deposit funds with TERAFX is to use a credit/debit card or E-wallet card. Payments that are successfully authorized will be credited to your account instantly.
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 the onboarding cost.
All withdrawal requests received on the business day before 12 pm (noon, UK time) will be processed by Tera Europe on the same working day, requests received after this time will be processed on the following business day.
TeraFX accepts USD, EUR, GBP, and PLN as deposit currencies. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
TeraFX Step by step guide to depositing the minimum amount
Deposits can be made with TeraFX using the following steps:
Step 1 – Log in
- To fund your TERAFX account you can log in to the secure LOGIN section of the broker’s homepage to make a deposit by credit/debit card or E-wallet card.
Step 2 –Make the deposit
- You can also get the broker’s bank details to send a deposit directly from your bank account.
- Please only use a card in your own name and from a personal account, not a business. Third-party payments are prohibited, so this means no family members or friends are to send funds on your behalf.
- The broker requires that traders refrain from the use of prepaid cards or any method of payment that does not allow refunds to be processed.
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 | Limited deposit currencies |
| Broad selection of deposit methods | Withdrawal fees are charged |
Conclusion
TeraFX has a minimum deposit requirement of $100 / R 1611. USD, EUR, GBP, and PLN are accepted as deposit currencies. This is a limited selection, and traders depositing in smaller currencies, such as ZAR/Rand, will incur conversion fees.
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Frequently Asked Questions
What is the minimum deposit for TeraFX?
The minimum deposit for TeraFX is $100. This is an average minimum deposit requirement when compared to most other brokers in the industry and should present a low barrier of entry to most new traders.
How do I make a deposit and withdrawal with TeraFX?
TeraFX provides traders with the following available deposit methods:
- Bank transfer
- Credit card or debit card
- E-wallets, including Skrill, Sofort, and UnionPay
Does TeraFX charge withdrawal fees?
Yes. 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 the onboarding cost.
How long does it take to make a withdrawal?
All withdrawal requests received on the business day before 12 pm (noon, UK time) will be processed by Tera Europe on the same working day, requests received after this time will be processed on the following business day.
Are my deposits safe with TeraFX?
Tera FX takes the protection of its traders extremely carefully and will not make any compromises on this. It is controlled by Financial Conduct Authority (FCA) with strict rules that brokers must adhere to at all times. In addition, Tera FX claims to keep the funds separate from the account to protect them.
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