TeraFX- Overview of Spreads and Leverage Details

Who is the TeraFX？

TeraFX UK is a brokerage brand owned by Tera Europe Limited. The brokers headquarters are in London, UK, though there is a second office in Warsaw, Poland. TeraFX provides trading services with forex pairs and contracts for difference (CFDs) in commodities, indices and precious metals. TeraFX is regulated by the UK Financial Conduct Authority (FCA), registration number 564741. TeraFX offers its traders more than 60 forex currency pairs, Contracts for Difference (CFDs), commodities, indices and VPS (Virtual Private Server).

Leverage

TeraFX being a regulated broker by the UK authority complies its maximum leverage according to its restrictions. Therefore, under the European FCA regulation retail traders may use limited Leverage with a maximum of 1:30 on Forex instruments. While the professionals and those who confirmed its status may access high leverage up to 1:100 or further.

Spreads & Commissions

TeraFX built its costs into a variable spread starting from as low as 0.6 pips, of course conditions depending on the account type investors trade. ECN and Professional account feature raw spread with a markup added on as a TeraFX cost, also defined by the account type, e.g. starting from 0.4 pips for Oil. In addition, swap or rollover rates should always be considered as a trading cost.

Deposit & Withdrawal

TeraFX welcomes traders to deposit and withdraw from their account via payments methods like Bank Transfers, range of e-wallets and card payments. TeraFX charges no fees for both deposit and withdrawals.