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tegasFX
Regulators:
https://www.tegasfx.com/
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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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.
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