Overall TusarFX is a trustworthy and high-risk broker with an overall rating of 4 out of 10. TusarFX is not regulated and offers leverage up to 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 Review – 21 key points quick overview:
- TusarFX at a Glance
- TusarFX Review – 21 key points quick overview:
- TusarFX Overview
- TusarFX Safety or Security
- TusarFX Sign-up Bonus
- TusarFX Minimum Deposit
- TusarFX Step-by-step guide to depositing the minimum amount
- TusarFX Account Types
- TusarFX Account Features
- How to set up a TusarFX Demo Account – Step by Step
- TusarFX Islamic Account
- TusarFX Trading Platforms
- TusarFX Fees and Spreads
- TusarFX Deposit and Withdrawal
- TusarFX vs Etoro vs XM – Comparison Table
- TusarFX Best Countries by Traders
- TusarFX Customer Reviews
- TusarFX Pros and Cons
- Conclusion
- Disclaimer
- Frequently Asked Questions
TusarFX Overview
According to research in South Africa, TusarFX is an offshore forex broker with its headquarters in St Vincent and the Grenadines. It has been in operation since 2014.
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 Safety or Security
When traders evaluate brokers, regulation is one of the most crucial components that must be considered. Regulated brokers are required to comply with stringent rules and regulations set by regulatory entities and through this, client fund security can be ensured.
TusarFX is not regulated or authorized and neither is its white label, FXCL Ltd.
Since it is an unregulated broker, traders may encounter some problems in having regulatory backing should the broker go bankrupt or not be able to meet its financial obligations.
Regulated brokers are often also members of compensation schemes that provide insurance for client funds in such events, to a certain amount, and unregulated brokers are not always.
TusarFX Sign-up Bonus
TusarFX only offers one kind of bonus with sign-up.
New traders who register a real account will not receive a sign-up bonus or a welcome bonus, but there are other promotions and rewards that traders may qualify for when they possess a real account with TusarFX.
New traders are from time to time offered a 50% once-off deposit bonus and a further 20% deposit bonus for deposits thereafter. This bonus is a popular promotion offered by TusarFX but is, however, only available at certain times of the year. This is only available when it states so on the broker’s website.
The bonus becomes withdrawable from the trading account once traders have achieved non-scalping and non-hedging standard lots which are equal to 10% of the bonus.
Brokers often offer this kind of broker bonuses to new traders to draw in more customers and encourage trading activities. Offering a deposit or welcome bonus assures traders that they will receive some money back.
Although TusarFX does not offer a regular deposit bonus, the bonuses that are offered from time to time are attractive and may encourage traders to register a real account with the broker.
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 Minimum Deposit
TusarFX has a minimum deposit requirement on all accounts only $ 1.
This minimum deposit amount is equivalent to ZAR 16,52 at the current exchange rate between the US Dollar and the South African Rand at the time of writing.
Although the requirement is low for deposits, it should be noted that there is a margin requirement that must be met at the start of each trade, and traders should ensure that there are adequate funds in the trading accounts for the trade to be executed.
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.
Regulated brokers are required to keep all client funds in segregated accounts with top-tier banks, separated from the broker account. It is not sure if TusarFX abides by this rule.
TusarFX Step-by-step guide to depositing the minimum amount
Deposits can be made with TusarFX using the following steps:
Step 1 – Log in
Traders simply log into their personal area, select the option for deposits, and follow the instructions to deposit into their trading account
As soon as a trader’s account has been approved by TusarFX, traders have access to their live trading account through the ‘Trader’s Cabinet’
Step 2 –Make the deposit
Here traders will find the various sections needed for deposits and withdrawals, methods of payments, amounts, and the currency. Just follow the prompts or instructions before finalizing and confirming a deposit or withdrawal.
Funds must be transferred in the same currency as the bank account to which they are sending them. Should this not be done, traders will be subjected to currency conversion fees.
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
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
How to set up a TusarFX Demo Account – Step by Step
Set up and registering for a demo account with TusarFX is a straightforward process and you can do it as follows:
Step 1 – Open Your Account
- Go to the TusarFX homepage and click on the ‘Demo Account’ banner at the top of the page.
- Step 2 – Fill out the form
- You will be redirected to a demo account registration form where it is required that you provide your First and Last Name, email address, country of residence, and city. You also must indicate whether you want to receive newsletters and promotions.
- Next, traders can select the account type they want to open the demo account on, the currency type, leverage, and virtual funds needed before selecting ‘Submit.’
- A new page will open that will provide traders with their auto-generated login name and password as well as a link to download MetaTrader4.
A demo account is the same as a practice account as it provides traders with the ability and freedom to explore the broker’s offering without running the risk of experiencing losses through the provision of virtual money with which to practice trading.
Beginner traders can use these demo accounts to get familiar with the live trading environment, and they can build up their trading skills by participating in trades and developing their own trading strategies.
More advanced traders can also use demo accounts to explore what TusarFX has to offer as it is not merely intended only for beginners.
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 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 Trading Platforms
The trading platform is the software that traders use to execute their trades. Each broker reserves the right to offer their own preferred trading platform. While some brokers offer a variety of third-party platforms, others prefer offering their own proprietary platforms, if they have one.
TusarFX offers traders the use of the popular, powerful, and globally preferred MetaTrader4, which is available for use on windows, the web, and all mobile devices.
The use of MetaTrader4 is convenient, simple, and has a customized interface. In addition, the platform has a ‘Help’ guide available in a multitude of languages.
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 Fees and Spreads
TusarFX’s spreads start from 1.1 pips on EUR/USD.
The spread list and fee schedule offered by TusarFX are transparent and competitive. Although the broker is not regulated it still offers a competitive trading environment for traders.
The spread list of the four live account types is as follows:
On the Premium and Advanced account types, dynamic spreads which start from 1.1 pip with a 5-digit price feed are offered.
On the Standard and Light account types, fixed spreads that start from 2 pips are offered.
TusarFX charges commissions only on the Premium Account, which is also the only account that can be converted into an Islamic Account.
On the normal Premium Account commissions of 0.6 pips per standard lot traded will apply and on the Premium Islamic Account commissions of 1.6 pips per standard lot traded.
TusarFX Deposit and Withdrawal
When evaluating brokers, the ease with which deposits and withdrawals can be made is another imperative factor to consider.
TusarFX does not charge any deposit or withdrawal fees. However, traders should ensure that the financial institution it uses does not charge any fees.
The broker only offers two payment methods that can be used for deposits and withdrawals, namely:
Bank Wire Transfer
Perfect Money.
Deposits from third parties are forbidden and deposit methods cannot be mixed. Account currencies that are accepted are USD, EUR, and RUS.
TusarFX vs Etoro vs XM – Comparison Table
| 🔎 Broker | 🥇TusarFX | 🥈 eToro | 🥉 XM |
| 💰 Minimum Deposit | $ 1 / R 16,52 | $1000 USD | $5 USD |
| 📝 Sign-Up Bonus | No | ☑️ Yes | ☑️ Yes |
| ➕ Max. Leverage | 1: 500 | 1:400 | 1:888 |
| 💵 Currency Pairs | 30 | 47 | 57 |
| 🚀 Open an Account | 👉 Click Here | 👉 Click Here | 👉 Click Here |
TusarFX Best Countries by Traders
| 🌎 Country of Trade | 📌 % of Traders |
| 🥇Germany | 67.01% |
| 🥈Ukraine | 32% |
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 |
| Demo account available | Clients from the US, Canada, Japan, and any UN-sanctioned countries, are not accepted. |
| Low minimum deposit required | Limited payment options |
| MetaTrader4 offered | Limited trading assets |
| Offers Islamic Account | Offshore regulation |
Conclusion
Overall, TusarFX can be summarised as a credible and trustworthy broker and is considered an average risk with competitive trading fees and spreads. TusarFX offers traders the MetaTrader suite of platforms as well as a basic web and mobile app.
Disclaimer
TusarFX warns potential customers that Forex and commodity trading carries a substantial risk and may not be suitable for all investors.
Trading TusarFX products and services may lead both to profits and losses. Trading Forex, options, futures, equities, and СFDs with certain leverage carries a high level of risk because high leverage can work for you or against you.
All information presented on the TusarFX site is not investment advice of any kind and is general market information presented for your reference. TusarFX is not liable for any damages or losses that may arise from direct or indirect usage of information provided on this site.
Before deciding to trade with TusarFX, potential traders are advised to carefully consider their investment objectives, financial situation, needs, and level of experience before investing money they cannot afford to lose, according to research in South Africa.
You might also like: TUSARFX Account Types
You might also like: TUSARFX Demo Account
You might also like: TUSARFX Fees and Spreads
You might also like: TUSARFX Islamic Account
You might also like: TUSARFX Minimum Deposit
You might also like: TRUSARFX Sign-Up Bonus
Frequently Asked Questions
Is TusarFX a fake or a scam?
TusarFX is an introducing broker (IB) of offshore financial services provider FXCL. It is also registered offshore
What are the advantages of trading with TusarFX?
Benefits. Advantages of choosing this brand include Deposit bonuses & promos; MetaTrader 4 platform; Low minimum deposit; High leverage.
Which trading platforms are supported by TusarFX?
MetaTrader 4
What type of broker is TusarFX?
TusarFX is an MT4 multi-asset broker offering bonuses & high leverage rates. TusarFX is an MT4 multi-asset broker offering bonuses & high leverage rates.
What is the overall rating out of 10 for TusarFX?
4/10.
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