TusarFX reviews

TusarFX reviews

TusarFX Review 2019

TusarFX Ltd is part of FXCL Markets Ltd, a financial services provider registered in Saint Kitts and Nevis. The global broker offers services to traders of all levels of forex, as well as the gold and silver markets, offering the most popular trading platform, as well as four different accounts.

MetaTrader 4 trading platform

TusarFX offers a platform for all its users. As the most popular trading platform, MT4 offers a range of customizable features, including:

  • 50 built-in indicators for technical analysis
  • 3 types of charts, 9 timeframes
  • Automated Trading (EA)
  • 4 types of pending orders
  • One click trading

TusarFX MT4 Platform

MT4 can be downloaded directly from the broker’s website. Download instructions can be found on the customer portal.

Assets

TusarFX offers forex and commodity trading. Access over 30 major, minor and exotic currency pairs including EUR / USD, EUR / GBP and GBP / JPY. Precious metals, gold and silver, can also be traded for the US dollar.

Spreads and commissions

Spreads for major currency pairs such as EUR / USD start at 1.1 pips for a premium account. Other pairs like GBP / USD and EUR / GBP start at 2.2 and 3.1, respectively. Spreads for gold are around 40 and for silver around 3.5. These are not the lowest spreads, but the broker does not charge commissions from the lower levels of the account. A premium account is charged a fee of 0.6 pips per standard lot for swap accounts and 1.6 pips per standard lot for swap-free accounts.

Leverage

The maximum leverage is 1: 500. These are high rates that allow traders to take large positions with little capital. The broker offers a useful margin calculator on their website.

Mobile applications

TusarFX offers mobile trading in the MetaTrader 4 app, compatible with iOS and Android devices. The app allows users to access the markets from anywhere with advanced mobile features including real-time pricing, market news and charting tools. It is also convenient and allows you to fully manage your account, including deposits and withdrawals. Customer support is also available in the app.

Demo account

Traders can open an MT4 demo account by completing the online registration form on the website. The demo account provides almost identical market conditions where traders can practice without any risk to funds. A simulator account is also a good way to test the MT4 platform and additional features.

Deals and bonuses

Traders can access a 50% and 20% deposit bonus to increase their trading credit. In addition, the broker offers a 70% discount on losses and a birthday bonus. This is a good set of promotions that can help clients make the most of the trading platform and services available.

Regulation

TusarFX Ltd and FXCL Markets Ltd are offshore companies. TusarFX is registered in Saint Kitts and Nevis and FXCL is registered in Saint Vincent and the Grenadines.

Additional features

TusarFX offers several practical trading tools including an economic calendar and a margin calculator. Traders can also access financial news as well as a starter learning center. Novice traders can learn to read quotes, research trend types and basic concepts of the forex market.

Account types

There are four main account types to choose from, requiring a minimum deposit of $ 1 with a minimum position size of 0.01. Leverage up to 1: 500 is available for all accounts.

  • Light (fixed) –  no commission
  • Standard (fixed) – no commission
  • Advanced (dynamic) – no commission
  • Premium (dynamic) – 0.6 points or 1.6 points per standard lot

Support

TusarFX support can be contacted in several ways, live chat and phone wait times are not too long and customer service agents can help. Customer reviews of the broker’s support are also mostly positive.

The website is available in English, Russian, Indonesian, Chinese, Malaysian and Thai.

Trader safety

TusarFX protects customer data using 256-bit Secure Sockets Layer (SSL) encryption on the website, as well as True-Site authentication. MT4 also provides two-factor authentication and follows industry standard security protocols.

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