TegasFX at a glance
TegasFX is an offshore ECN/STP forex and CFD broker founded in 2016 and operated by TegasFX Ltd, which is listed by the Mwali International Services Authority (MISA) in the Comoros. It runs exclusively on MetaTrader 5 and offers three account tiers (Standard, Pro+ and VIP) with leverage up to 1:200, plus copy trading, PAMM structures and an Instant Funding programme with no evaluation phase. TegasFX is not authorised by any tier-1 regulator such as the FCA, ASIC, CySEC or BaFin.
TegasFX reports a founding year of 2016 and a head office in Fomboni, Mohéli, Comoros. It lists 1 regulator and 3 trading platforms.
BrokerBazaar verdict
TegasFX offers genuinely competitive ECN/STP pricing, MT5-only simplicity and an unusual Instant Funding programme, but everything rests on an offshore MISA licence that the Comorian central bank itself has publicly disputed. Suitable only for experienced traders who understand and accept the absence of tier-1 regulatory protection.
Legal entities, regulation and licences
TegasFX operates through 1 legal entity, each supervised separately. Your account is with one specific entity, so the protections you receive depend on which one onboards you, not on the group's strongest licence. Overall, the group is supervised by no regulator we could map to a public register.
Licence check: Not independently checked. BrokerBazaar was unable to confirm this broker's information against public records. Please take extra care and verify details directly with the regulator. A company registration or general business licence is not permission to offer regulated brokerage services; only the register entries linked in the table count.
Countries accepted and restricted
TegasFX states that it accepts clients from Global, Europe, Turkey, Thailand, Asia, Latin America. Availability is decided per entity and can change without notice; residents of jurisdictions such as the USA, and often the EU and UK, are frequently excluded from offshore entities.
Known restrictions flagged in our review: Restricted from accepting clients residing in the United States, Singapore, or Vanuatu.
Trading products, platforms and account types
Instruments: Forex, Indices CFDs, Commodities, Cryptocurrencies. Platforms: MetaTrader 5, Web Trader, FIX API 4.4. Account types: MT5 ECN/STP Standard, MT5 ECN/STP Pro+, MT5 ECN/STP VIP, Instant Funding, Copy Trading, PAMM.
Best-for tags assigned by our team: ECN/STP Execution, Scalping, Algo Trading, Instant Funding, Copy Trading, High Leverage.
Minimum deposit, spreads, commissions and other charges
The minimum deposit is $100. Spreads start from From 0.0 pips and commission is None (standard) · $0 (raw). Maximum leverage is 1:200 (fixed), subject to the cap of the entity that holds your account.
Swap-free / Islamic account: not offered. Swap type: variable. Headline spreads are usually quoted for the most expensive account tier's cheapest instrument; compare total cost for your typical trade.
Deposits and withdrawals
Deposit methods: Bank Wire, Credit Card, Debit Card, Cryptocurrencies. Withdrawal methods: Bank Wire, Cryptocurrencies.
Withdrawal speed and fees are set by the entity and payment provider. Withdrawal delays are the most common complaint category on BrokerBazaar across all brokers; keep identity documents current and withdraw to the same method you deposited with where required by anti-money-laundering rules.
Execution model, negative balance protection and client money
Negative balance protection: Not specified. Scalping allowed: Yes. Algorithmic trading allowed: Yes. News trading allowed: Yes. Hedging: hedging. These conditions were compiled from public information and have not yet been confirmed by the broker.
Client-money rules follow the regulator of the entity that holds your account. Check that regulator's rules on its register.
Complaints and dispute process
Formal complaints: compliance@tegasfx.com. Phone: +65 316 367 71. Execution-related grievances must be sent in writing to the Compliance Department specifying the order ID, requested price, executed fill price, and trade timestamp. If unresolved, matters are governed by offshore MISA regulatory terms. MISA does not provide an external statutory investor compensation fund.
If the broker does not resolve a complaint, escalate to the ombudsman or regulator of the entity that holds your account. BrokerBazaar's Dispute Support Desk can help you document and escalate a case.
Strengths and limitations
- Strength: Direct ECN/STP order execution model with no dealing desk intervention
- Strength: Support for MetaTrader 5 (MT5) and FIX API 4.4 institutional connectivity
- Strength: Instant evaluation funding programmes available alongside standard live accounts
- Strength: Flexible margin leverage up to 1:200 on liquid currency pairs
- Limitation: Offshore regulatory supervision under MISA (Comoros) with limited statutory investor protection
- Limitation: No statutory investor compensation schemes (such as FSCS or ICF) in case of insolvency
- Limitation: Restricted from accepting clients residing in the United States, Singapore, or Vanuatu
Who this broker suits, and who it does not
TegasFX is most relevant to traders looking for: ECN/STP Execution, Scalping, Algo Trading, Instant Funding, Copy Trading, High Leverage.
It is less suitable for anyone who needs a strict-tier regulator in their own country of residence, for residents of restricted jurisdictions, and for beginners who have not yet understood leverage and margin. Nothing on this page is personal financial advice.
TegasFX change history
Every published fact change, with the previous value and the date it took effect. Each entry says whether the broker made the change itself or our editors checked it against an official source. Regulation and licence claims are always checked by an editor.
No fact changes recorded for TegasFX yet. Changes appear here as soon as the broker updates its profile or our editors confirm a change.
Frequently asked questions about TegasFX
Data sources. Broker submission, the regulator registers linked above, tegasfx.com/legal/regulatory-status and MISA register entry 491 (mwaliregistrar.com), web-archive and domain records, and third-party traffic data. Last register check 2026-09-24. External ratings: Trustpilot 4.5/5; Myfxbook 4.7/5.
Commercial disclosure. BrokerBazaar is independent and not owned by any broker. We may receive a referral fee if you open an account with TegasFX through our links; this never affects scores or verification. How we make money. Trading leveraged products carries a high risk of loss.