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tegasFX
Is tegasFX a Scam or Not? Detailed tegasFX Review, which is a must read before you trade with this Forex broker. Read all tegasFX pros and cons, full description of trading accounts, platforms, spreads, promotions.

Operating status: SCAM

Website: https://www.tegasfx.com/

Broker violations and abnormal records
  • 2023-01-12 BrokersView has Reviewed that tegasFX is an Unregulated Broker

    tegasFX used to claim its regulations by the Vanuatu Financial Services Commission(VFSC) with license number: 14697. But currently, we can't find any match results to this license number in VFSC anymore. The truth is, tegasFX is no longer under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.


    tegasFX used to claim its regulations by the Vanuatu Financial Services Commission(VFSC) with license number: 14697. But currently, we can't find any match results to this license number in VFSC anymore. The truth is, tegasFX is no longer under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. Therefore, it is a scam.

Related Complaints

Q&A Complaints

I want to know whether tegasFX is regulated in Marshall Island. Could you please comfirm for me?

Jakob Muller
Marshall Islands
2023-04-04
ANSWER tegasFX is an unlicensed broker even though it states offers that look too good to be true.tegasFX claims to be operated by Clover Markets Limited, regulated by the Vanuatu Financial Service Commission (VFSC) with License number 14697. However, our search for this broker in VFSC registry did not yield any results. That means what it claims over its regulatory status is a false statement to unsuspecting investors.Regarding your question, tegasFX is not a regulated broker. Letting this broker hold and control your funds or trading with them is very risky, as there are no safeguards in place to prevent fraud or theft. Therefore, we would suggest investors stay way from such unlicensed brokers as tegasFX and trade with fully regulated brokers.
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How about tegasFX?? Safe?

Palofha
2022-09-21
ANSWER tegasFX used to claim to be owned and operated by Clover Markets Limited, a company regulated by the Vanuatu Financial Services Commission (VFSC) with company number: 14697. But currently, we can't find any match results to this license number in VFSC anymore. tegasFX is no longer under valid regulation by any regulators to provide investment services. Investors' funds in this company are unsafe and cannot be protected by any law. We would recommend traders stay away from unregulated brokers like tegasFX and trade with licensed brokers.
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3 comments

Angie
I have been trading with this broker for more than a year. I have never had any problems with the execution...withdrawal...deposit. So far, they are great. If I ask them or have any questions, they will contact me soon...
2023-04-28
Reply
Jafar Calley
A friend introduced tegasFX to me, and I have been trading with this forex broker for several months. The MT5 trading platform is very stable. I don't see any problems in the transaction except sometimes the execution speed is very slow, but it still executes at my expected price. Multiple account options and a responsive support team. Instant deposits and fast withdrawals. Recommend!
2023-04-27
Reply
Evgeniya
I have been trading with this broker for about a year. It is not a high-level broker, but a stable one. I am completely satisfied with it most because of its excellent performance on major currency pairs (not tested in foreign currency trading). Regarding the spread, it is good for the professional of the British Pound and Fiat Pair. For payment, Skrill/Neteller pays quickly, so you can trust this broker.
2023-04-26
Reply
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Risk Warning:

FX trading is of high risk and may not be suitable for all investors. Leverage will create additional risks and loss. Before trading, please carefully consider your investment objectives, experience level and risk tolerance. You may lose part or all of your initial investment; do not invest money that you cannot afford. Educate yourself about the risks associated with FX trading. If you have any questions, please consult an independent financial or tax advisor. Any data and information are provided "as is" and only for information purpose, not for trading or recommendations. Past performance does not predict future results.

Disclaimer:

The data contained in this website may not be real-time and accurate. The data and prices on this site are not necessarily provided by the market or exchange, but may be provided by market makers, so prices may be inaccurate and differ from actual market prices. Namely, this price is indicative price only to reflect market trend, and is unfavorable for trading purpose. The provider of the data contained in the Website shall not be liable for any loss incurred by you as a result of your trading activities or reliance on the information contained in the Website.