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Office: 63 Chulia Street, OCBC Centre East, #15-01, Singapore, 049514
Main contacts:
[email protected]-Technical supports and inquiries
[email protected]-Free online reputation consulting services
[email protected]-Sales inquiries
Business Hours: Mon. - Fri. (11.00-19.00)
Time zone (Singapore)
DMCA.com Protection Status
Copyright © TrustFinance 2022 | V.2.0

TrustFinance is trustworthy and accurate information you can rely on. If you are looking for financial business information, this is the place for you. All-in-One source for financial business information. Our priority is our reliability.

Forex
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Unproved

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Unproved

TeraFX

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United Kingdom

Founded in

2011 (15 Years)

Founded

Last online: No recent activity

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OVERALL SCORE
Licenses
--/40
Reviews
--/60
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Regulated

Recommended

XM

XM

(69 reviews)

foundedInCyprus

2009

(17 years)

Security Information :

CySEC
FSCA
DFSA

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

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

|

Nov 09, 2566

This broker is not regulated.

Warning

|

May 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.

Company Information

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Get to know TeraFX

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Company Information

Get to know TeraFX

Founded in 2011, TeraFX operated as an online broker providing trading services in foreign exchange (Forex) and CFDs on indices, metals, and commodities. The company targeted both retail and professional clients, offering access to the popular MetaTrader 4 trading platform. It was regulated by the UK's Financial Conduct Authority (FCA). However, in July 2022, the company ceased its regulated activities and was placed into special administration by the High Court of Justice, with its permissions subsequently cancelled by the FCA.

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Industry

  • Forex Retail BrokerPRIMARY

Software

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Meta Trader 4

Contact

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News

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TrustFinance Intelligence Agency

Research date: Oct 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.

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