Review of a Major Forex Market Broker
Company TeraProfit is a broker providing clients with a high-quality trading experience in the Forex market. Its goal of making online trading transparent and accessible to all clients is an important objective. Let’s delve more deeply into the activities of this broker, evaluate the official website teraprofit.com, and examine client feedback on the quality of services it provides. Based on the information obtained, we can draw a conclusion – whether it is worth trusting this broker or being wary of the risk of falling into the hands of scammers who prey on unprepared market participants.
Main Company Information
Firm “TeraProfit” belongs to TeraProfit Ltd., a company registered in an offshore jurisdiction on the island of Saint Vincent and the Grenadines. Although TeraProfit Ltd. does not currently have a regulatory body license, the company was founded by shareholders in 2017 and has been operational for 3 years, indicating a certain level of reliability.
Diverse Activity News
After checking the data on the creation year of the teraprofit.com site, it can be definitively stated that the broker has been operating since 2017. It is important to note the key historical moments of the company:
- Launch of the online trading platform TeraProfit in 2017,
- In 2017, the ProInvestor social trading started,
- In 2018, the Liquidity Aggregator MarketPlace and order execution technology were created.
The company places great importance on the security of client funds, storing them separately from the operational funds of leading European banks. The use of SSL cryptographic protocol and strict user identification policies ensure confidentiality and information protection.
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TeraProfit Client Registration Process
The registration procedure on teraprofit.com to become a “TeraProfit” client takes just a few minutes. After filling out the registration form and accepting the user agreement, the client is ready to start working.
The broker’s user-friendly official website is available in several languages and provides a high level of technical support for clients.
Evaluation of TeraProfit Trading Conditions
Broker “TeraProfit” offers clients a variety of services:
- Over 150 trading instruments,
- Free market analysis,
- Standard and cent lots,
- Cashback and bonus programs,
- PAMM and copy trading,
- Multiple trading platforms,
- Instant & Market execution.
To start, clients are recommended to open a demo account to hone their trading skills.
Interesting Observations and Conclusions
An investigation into TeraProfit broker activities revealed various positive aspects, making it a recommended reliable partner for traders of all levels. Bonuses, high technical support levels, and a rich selection of trading instruments make collaboration with the broker attractive and appealing. Although some aspects, such as the lack of a license, may raise concerns, the overall result remains highly positive.
Author: Sasha Chaika
TeraProfit is a forex and CFD broker that offers trading services to clients around the world. The broker is known for its competitive spreads, fast execution speeds, and a wide range of trading instruments. TeraProfit is regulated by the International Financial Services Commission (IFSC) in Belize.
Client reviews of TeraProfit are generally positive, with many users praising the platform’s user-friendly interface, helpful customer support, and reliable trading conditions. Traders also appreciate the broker’s educational resources and market analysis tools, which help them make informed trading decisions.
However, some clients have raised concerns about TeraProfit’s withdrawal process, citing delays and high fees. It’s important to conduct thorough research and consider all factors before choosing a broker to ensure a positive trading experience.
My experience with TeraProfit broker was nothing short of disappointing. It was distressing to find that their customer service barely existed; their response time was incredibly slow and they were unable to provide any helpful assistance. What’s more, the platform itself was filled with technical issues making it unreliable for trading. Lastly, they had a lack of transparency in terms of fees and commissions which resulted in unexpected and substantial costs. It was an unpleasant experience overall, I strongly advise to be cautious when considering this broker.