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Forex

Retail Broker

TeraFX

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Unproved

TeraFX

United Kingdom

Founded in

2011 (14 Years)

Founded

Last online: No recent activity

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Verification on TrustFinance

0.00

Traffic & Engagement

1.67

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Warning Report

Warning Report is a record of alerts about trading activities, account management, or compliance issues. It helps you keep track of potential risks or problems in your trading account.

Unauthorized

Thg 11 09, 2566

This broker is not regulated.

Warning

Thg 05 02, 2024

We found that TeraFX's licensing enforcement does not comply with the FCA. The company that holds the license 564741 is called Gildencrest Capital Ltd.

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News

TrustFinance Intelligence Agency

Research date: Thg 10 14, 2025

Gildencrest Capital, previously known as TeraFX, reported a 52% increase in revenues for 2023, totaling £7.55 million, despite a decline in net profit due to rising costs. The company has shifted focus from Forex and CFDs to equities, targeting professional clients and expanding its product offerings. Trading volumes in Forex/CFDs increased by 94% year-on-year, while equity trading volumes rose by 83%. Gildencrest plans to pursue a license in Latvia for EU operations after withdrawing a burdensome application in Poland. The firm anticipates challenging business conditions in early 2024 due to global uncertainties.

Gildencrest Capital, previously known as TeraFX, reported a 52% increase in revenues for 2023, totaling £7.55 million, despite a decline in net profit due to rising costs. The company has shifted focus from Forex and CFDs to equities, targeting professional clients and expanding its product offerings. Trading volumes in Forex/CFDs increased by 94% year-on-year, while equity trading volumes rose by 83%. Gildencrest plans to pursue a license in Latvia for EU operations after withdrawing a burdensome application in Poland. The firm anticipates challenging business conditions in early 2024 due to global uncertainties.

FNG reports that TeraFX has received a Draft License Notice from Dubai's DFSA, allowing it to expand operations in Dubai and provide trading services from a new branch in the Dubai International Financial Centre. TeraFX is controlled by Turkish businessman Oğuz Tezmen and has been FCA regulated since 2012. This move aligns with a trend of retail FX brokers establishing a presence in Dubai to cater to traders in the Arab world.

FNG reports that TeraFX has received a Draft License Notice from Dubai's DFSA, allowing it to expand operations in Dubai and provide trading services from a new branch in the Dubai International Financial Centre. TeraFX is controlled by Turkish businessman Oğuz Tezmen and has been FCA regulated since 2012. This move aligns with a trend of retail FX brokers establishing a presence in Dubai to cater to traders in the Arab world.