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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