TeraFX Review 2022

TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.

TeraFX is broker that offers traders Forex, CFDs, indices, commodities, cryptocurrencies. TeraFX allows traders to use the MetaTrader4 trading platform, but unfortunately not MetaTrader5 at this point.

In terms of features offered to traders, TeraFX has Demo Accounts, Islamic Accounts and Auto Trading but is missing Social Trading and Signals.

TeraFX also gives traders access to 4 cryptocurrencies: BTC, ETH, LTC and XRP.

TeraFX is regulated by the FCA here in the UK. The FCA is known to be a strong and dependable regulator, which should reassure traders that their funds are safe.

TeraFX Summary

TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.


InstrumentsForex, CFDs, indices, commodities, cryptocurrencies
Demo Account
Min. Deposit$100
Min. Trade0.01 lots
Regulated ByFCA
MetaTrader 4
MetaTrader 5
DMA Account
ECN Account
Mobile Apps
Auto Trading
Trade Signals
Social Trading
Copy Trading
Islamic Account

CFD Trading

Trade CFDs with leverage across multiple asset classes.

Leverage1:30 Retail, 1:200 Professional
FTSE SpreadFloating
GBPUSD SpreadFloating
Oil SpreadFloating
Stocks SpreadN/A

Forex Trading

Trade 50+ forex pairs with 1:30 leverage.

GBPUSD SpreadFloating
EURUSD SpreadFloating
EURGBP SpreadFloating

Payment Methods

TeraFX accepts the following payment methods:

  • Neteller
  • Skrill
  • Visa
Risk Warning – Your capital is at risk


Is TeraFX Safe?

Yes, most likely, as we gave TeraFX a trust score of 70% in this review. The main positive factor in this score is that TeraFX is regulated by our own FCA here in the UK. However, very careful traders might want to find an alternative in our top list of UK brokers.

Does TeraFX Accept PayPal?

No, TeraFX does not accept PayPal payments.

Is TeraFX Halal?

Yes, TeraFX does offer an Islamic trading account and should thus be Halal to trade with.

What trading platforms does TeraFX support?

TeraFX only supports the MetaTrader 4 trading platform at this time.

Is TeraFX Regulated?

Yes, TeraFX is regulated by FCA. Being regulated by the FCA is the best possible case for UK traders.

TeraFX vs Other Brokers

If you want to compare TeraFX with other brokers, use the detailed comparisons below.

TeraFX vs
TeraFX is a regulated forex broker offering MT4 desktop & mobile trading.