TeraFX

Special Remittance uk is a brokerage brand owned by Tera Europe Limited. The broker is headquartered in London, UK, but has a second office in Warsaw, Poland. Special Exchange provides Forex pairs and Contracts for Difference (cfds) trading services for commodities, indices and precious metals. Special Remittance is regulated by the Financial Conduct Authority (FCA), registration number 564741.

Market tool

Special Exchange offers its traders more than 60 forex currency pairs, Contracts for Difference (cfds), commodities, indices and vps (Virtual Private Servers).

account

In total, there are seven real account type specials, namely micro, micro plus, starter, premium, ecn, pro, and corporate account. In addition, demo accounts are available to help investors practice their trading skills.

leverage

The special exchange, as a regulated broker of the UK authorities, complies with its maximum leverage according to its restrictions. Therefore, according to the European Financial Conduct Authority, retail traders can use limited leverage of up to 1:30 on forex instruments. While professionals and those who confirm their status can obtain high leverage of up to 1:100 or more.

Spreads and commissions

The special exchange incorporates its cost into the variable spread, starting as low as 0.6 points, depending of course on the type of account the investor is trading. ECN and professional accounts feature the original spread plus markup as a special remittance cost, also defined by the account type, such as oil starting at 0.4 points. In addition, swap or rollover rates should always be treated as transaction costs.

Trading platform available

When it comes to trading platforms, Special Exchange seems to have made the wise choice to offer investors metatrader4. The mt4 platform is not only the most used software among the world's traders, whether beginners or professionals, it is also highly customizable and customer-friendly. mt4 is known for its excellent charting package with additional drawings and annotations, along with over 40 indicators. Of course, another big advance of mt4 is its algorithmic trading or bot capabilities, with well-known ease of use, which can be obtained from choice or managed through your coding skills.

Deposit and withdraw money

Traders are welcome to deposit and withdraw money from their accounts through payment methods such as bank transfers, a range of e-wallets and card payments. Surprisingly, special remittance deposits and withdrawals are free of charge.