TusarFX Account types offer clients a choice between four live account types. Namely a Premium Account, Standard Account, Light Account, and Advanced Account. All four accounts have a Leverage of 1:500.
TusarFX at a Glance
| 🔎 Broker's Name | TUSARFX |
| 📍 Headquartered | St Vincent and the Grenadines |
| 📅 Year Founded | 2014 |
| ⚖️ Regulating Authorities | None |
| 🌐 Countries not accepted for trade | United States, Canada, and Japan |
| ☪️ Islamic account (swap-free) | Yes |
| 👍 Demo Account | Yes |
| 📊 Institutional Accounts | No |
| 📊 Managed Accounts | No |
| 📈 Maximum Leverage | 1: 500 |
| 💰 Minimum Deposit | $ 1 / R 16,52 |
| 💳 Deposit Options | Bank Wire Transfer and Perfect Money |
| 💳 Withdrawal Options | Bank Wire Transfer and Perfect Money |
| 💻 Platform Types | MetaTrader4 |
| 📱 OS Compatibility | Windows, Android, iOS, Web browsers |
| 📈 Tradable assets offered | Forex and metals |
| 👨💼 Languages supported on Website | English, Russian, Indonesian, Chinese, Malay, and Thai |
| 👥 Customer Support Languages | English, Russian, Indonesian, Chinese, Malay, and Thai |
| 📆 Customer Service Hours | 24/5 |
| 🚀 Open an Account | 👉 Click Here |
Overall Rating
4.5/5
Rated #599 of
Recommended FX Brokers
Minimum Deposit USD 1
Regulators Not Regulated
Meta Trader 4
Yes
📈 Total Pairs
30
Islamic Account No
Trading Fees Low
24 Hours
TusarFX Account types – 11 key points quick overview:
TusarFX at a Glance- TusarFX Account types – 11 key points quick overview:
- TusarFX Overview
- TusarFX Account Types
- TusarFX Account Features
- TusarFX Demo Account
- TusarFX Islamic Account
- TusarFX Customer Reviews
- TusarFX Pros and Cons
- Conclusion
- Frequently Asked Questions
TusarFX Overview
TusarFX is owned and operated by TXCL Ltd., which is a brokerage incorporated in St. Kitts and Nevis, a Caribbean offshore territory.
Being an offshore company, TusarFX has no regulatory authorities keeping a watchful eye on the broker. This could pose a problem and traders are warned to proceed with caution if intending to trade through TusarFX.
These territories’ local governments only regulate banks, not forex or CFD brokers. Traders must also hire a local and licensed lawyer and deposit a cash bond with the court if they bring an action against a company incorporated in St. Kitts and Nevis.
The broker offers trading in forex and metals through the popular, user-friendly, and highly customizable MetaTrader4 platform on desktop, windows, web, and mobile devices.
Despite being an offshore company, TusarFX offers competitive trading conditions, a range of educational materials, and various live account types.
TusarFX facilitates the trade in only forex and commodities and offers traders the use of MetaTrader4 through which trades can be executed.
Customers from the US, Canada, Japan, and any UN-sanctioned countries, are not accepted as clients at TusarFX.
TusarFX Account Types
TusarFX offers clients a choice between four live account types, namely a Premium Account, Standard Account, Light Account, and Advanced Account. In addition, it also offers a demo account and an Islamic Swap-free account.
Traders will find that through these live accounts, TusarFX offers competitive trading conditions along with comprehensive solutions and services.
TusarFX Account Features
The following features can be expected with the four live account types:
Premium Account
Minimum deposit – From $ 1
Maximum deposit – $ 10 000
Spreads – Starting from 1.1 pips with a 5-digit price feed
Leverage – 1: 500
Margin call/Stop out – Level of 40% and 40%
Microlot – From 0.01 lots
Conversion into an Islamic Swap-free Account
Commission – On a normal swap-free account commission of 0.6 pips is charged and 1.6 pips on an Islamic or Swap-free account
Standard Account
Minimum deposit – From $.
Maximum deposit – $ 7 000
Spreads – Fixed spreads from 2 pips
Leverage – 1: 500
Margin call/Stop out – Level of 40% and 20%
Microlot – From 0.01 lots
Commission – Zero commission charges
Light Account
Minimum deposit – From $ 1
Maximum deposit – $ 7 000
Spreads – Fixed spreads from 2 pips
Leverage – 1: 500
Margin call/Stop-out – Level of 40% and 20%
Microlot – From 0.01 lots
Commission – Zero commission charges
Advanced Account
Minimum deposit – From $ 1
Maximum deposit – $ 7 000
Spreads – dynamic spreads starting from 1.1 pips with a 5-digit price feed.
Leverage – 1: 500
Margin call/Stop-out – Level of 60% and 40%
Microlot – From 0.01 lots
Commission – Zero commission charges
Overall Rating
4.5/5
Rated #599 of
Recommended FX Brokers
Minimum Deposit USD 1
Regulators Not Regulated
Meta Trader 4
Yes
📈 Total Pairs
30
Islamic Account No
Trading Fees Low
24 Hours
Islamic Account
TusarFX offers Muslim traders who follow the Sharia law the option of opening an Islamic Account.
This offer is only on the Premium Account type that can be converted into an Islamic Swap-free Account.
The Islamic account means a Muslim client has an additional swap-free option without being charged during overnight positions of swaps or rollover interests.
TusarFX Demo Account
TusarFX offers traders the option of opening a Demo Account which can be utilized in many ways. This includes the following:
It can be a practice account for beginner traders who wish to improve their trading skills and experience in a risk-free environment using virtual funds.
Traders who are more advanced and would like to evaluate and compare brokers and who would like to explore TusarFX’s trading conditions in a risk-free environment will also find the demo account useful.
Traders who are more experienced can also utilize the demo account to test their trading strategies in a mimicked live trading environment without risking their capital.
TusarFX’s demo account sign-up is fully digitalized and hassle-free. It is a free account to open and although it is not clear on the broker’s website how long it is valid, demo accounts can usually be used for a period of 30 days.
The demo account has the same features as the live account type and allows traders to practice trading without any risk.
Registering for an account can be done within a few minutes and as soon as the trader is registered, demo trading can commence once the trader has downloaded and installed the MetaTrader4 platform.
TusarFX Islamic Account
The purpose of an Islamic Account is that it caters specifically to Muslim traders who follow Sharia law. The law prevents its followers from paying any type of interest, such as overnight fees, which is seen as wasteful or exploitative.
Overnight fees are charged should traders hold positions open for longer after the trading day has concluded and this type of account allows exemption from such fees or interest, should they hold positions open for longer.
TusarFX offers traders the option of converting the Premium Account into that an Islamic Account. Most of the features of the Premium Account will apply to the Islamic Account, except for higher commission charges which are 1.6 pips.
Muslim traders complete the usual account registration at TusarFX together with supporting documents. As soon as the account has been approved, traders can submit a request to convert the account into an Islamic Account.
More information on the opening of an Islamic account and its features can be obtained from customer services.
TusarFX Customer Reviews
The broker has everything! From mobile platforms to automated trading. From binary to forex trading on standard or ECN accounts. I was very impressed after receiving a 50% bonus on my deposit. I would say more, their payout on options is up to 90% which is the highest payout you can find among other brokers. It’s introducing a broker, but I think TusarFX offers innovative solutions and really responsible back office. For funny things, I got a birthday present from TusarFX, which was very nice;)
TusarFX is a very good forex broker and as a sister company then for me, there is fix rate for USD so I can trade without problem in currency floating in my country
Cool company! Easy (and quick) transfer of money to and fro, an enormous number of financial instruments: not only forex but Gold, Silver, and Binary options. And the trading platform is impressive – a lot of technical indicators, and a user-friendly interface. Haven’t seen anything better.
TusarFX Pros and Cons
| ✔️ Pros | ❌ Cons |
| Commission-free trading on three of four account types | Clients from the US, Canada, and Japan, and any UN-sanctioned countries, are not accepted |
| Demo account offered | Clients from the US, Canada, and Japan, and any UN-sanctioned countries, are not accepted |
| Islamic Account offered | Higher commissions on Islamic Account |
| MetaTrader4 offered | Limited account currencies |
| Ultra-low minimum deposit requirement | Limited payment methods |
| A variety of account types offered | Limited research tools |
| Very low minimum deposit required | Limited trading assets |
| Not regulated | |
| Only one account type that can be converted to an Islamic Account |
Conclusion
Overall, TusarFX offers clients a choice between four live account types. Namely a Premium Account, Standard Account, Light Account, and Advanced Account. All four accounts have a Leverage of 1:500.
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Frequently Asked Questions
TRADING ENVIRONMENT
How many instruments can I trade with TusarFX?
You can trade in Forex and Metals.
Does TusarFX offer leverage?
Yes. Leverage of up to 1: 500.
What spreads can I expect with TusarFX?
You can expect spreads that start from 1.1 pips on the Premium and Advanced account types.
Does TusarFX charge commission?
Yes. Commissions are only charged on the Premium Account of 0.6 per standard lot traded. The Premium Islamic Account will be subjected to commissions of 1.6 pips per standard lot traded.
What is the overall rating out of 10 for TusarFX?
3/10.
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