TeraFX is a broker whose company is registered as Tera Europe Limited. The broker also refers to itself as TeraFXUK.

In our opinion, it does not matter what names they say or how they present their website to you as this review has found out that they are a scam.

Even though TeraFXUK is a broker that has been around for quite a while, their conduct is quite disturbing as there is a mountain of complaints from victims who are unable to withdraw their funds from this platform.

If you are one of the victim or you lost funds in another Forex scam, you should follow this advice as this is how other victims are recovering their funds.

If you’re reading this TeraFX review while looking for a reliable and legitimate investment broker, you should check out our list of recommended brokers and investment firms below.

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TeraFX Broker Review: Not legit but a scam

The website of this broker is quite detailed. In fact you can never suspect that this broker is a scam.

They offer education videos, various account types (both standard and ECN/STP) and various funding methods.

The broker is also offering the popular Metaquotes trading software which is loved by traders across the world.

Various funding methods have also been presented to traders. As a result, unsuspecting traders have no reason to suspect that these guys are a scam.

Unfortunately, TeraFXUk does not meet the minimum requirements to achieve the status of a legit Forex and CFDs broker.

This is the same case with scammers like Affluences Swift Trade, USD Tether Trades and Prime Investing.

TeraFX broker review: They don’t have a valid license

TeraFXUk is a UK-based Forex broker that also claims to have an office in Dubai.

Indeed the company has a physical address in Dubai as confirmed by this public register. We also learn that TeraFX’s director is someone called David George.

The company is also associated with Cynelic Investments Limited

These records also claim that Tera Europe Limited is regulated but they fail to mention which regulatory body has authorized the broker to provide financial services.

In the UK where their headquarter is based at, the broker is actively dodging the FCA (which is the financial regulator in the UK).

This means that the broker is illegally offering its services to both UK residents and the world at large.

Unregulated brokers pose a serious challenge in this industry as they are always the subject of multiple complaints.

This is the case with TeraFXuk as we have already received multiple reviews and complaints from victims who claim that they lost funds.

To cut the long story short, you should not trade with an unregulated broker no matter how convincing their website looks like.

Negative reviews about TeraFX Forex broker

According to consumers of their trading services, this broker is not honest. Most complaints revolve around lost funds due to the inability of this broker to process withdrawal request.

Actually this is intentional because all unregulated brokers are known to steal their clients’ deposits.

There is enough evidence out there that this broker has stolen from many clients.

On the other hand, we’re seeing a trend where this broker is clearly manipulating reviews on the internet.

For example, if you check google search results for the terms TeraFX reviews, you will find a number of websites claiming in their reviews that this broker is good.

But clients have a different story to tell. Now, who is telling the truth between these clients and the bloggers themselves?

If such a question is arising, then we only have one conclusion. The client is always right. Before we listen to the websites that endorse this rogue broker, we have to listen to voice of these victims.

And it’s clear that many people are aggrieved by the actions of TeraFX.

The Conclusion of this Broker review

No matter how clever they market the scam, the truth will come out and this review is one piece of information that proves that the broker is a sham.

We are taking reviews from users into consideration while also asking ourselves why TeraFXuk is not regulated in the UK (where they apparently have their headquater at).

Long story short. Don’t trade with Tera FX UK. You risk losing your deposit and going through a terrible experience with their agents.