FCA-authorised since 2011 as Tera Europe Ltd, trading as TeraFX, before rebranding to Gildencrest Capital in February 2024. Financial performance has been volatile: reported revenue grew 52% to GBP7.55m in 2023, but fell back to GBP3.65m the following year, with profit after tax collapsing to GBP20,458 from GBP809,912. A legacy ForexPeaceArmy listing under the TeraFX name shows a low 1.87/5 rating from a small number of reviews, including a 2016 complaint alleging a reversed client profit citing a "manifest error" clause -- an unverified individual allegation, not a regulatory finding. No current independent reviews were found under the Gildencrest Capital name on major comparison sites.
| Regulated entity | Gildencrest Capital Limited |
|---|---|
| Regulation | FCA No. 564741 |
| Other Tier-1 regulators | None confirmed |
| Founded | 2011 |
| Headquarters | London, UK (Canary Wharf); also an office in Warsaw, Poland |
| Minimum deposit | Not independently confirmed |
| Avg. spread (EUR/USD) | Not independently confirmed |
| Platforms | MT4, MT5 (spread-betting clients only) |
| Instruments | Historically (as TeraFX) offered forex (~59 pairs), metal CFDs (6), stock indices (12), cryptocurrencies (4), and energies (2); however, 2024-2025 financial reporting shows the firm sharply shifting away from retail FX/CFD business toward equities for professional/institutional clients (CFD revenue fell to GBP231,000 in 2024 while equities became roughly 90% of income). Its current retail instrument range is therefore likely narrower than this historical list -- treat this as a broker whose offering may be in flux. |
See Gildencrest Capital's full regulation dossier → · How to check whether a forex broker is regulated
Derived from the same confirmed data behind this broker's score (regulation, cost, platforms, deposit minimum) -- not a separate editorial judgment.
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails.
Beyond the headline spread and minimum deposit above. Where our research hasn't independently confirmed a specific detail, we say so rather than guess -- verify directly with the broker before relying on it.
| Account types | Under the pre-rebrand "TeraFX" name (same legal entity): Starter (82 instruments, no commission), Premium (147 instruments, no commission), ECN (commission from around £1.50 to £150/lot), Professional (all instruments, 20% stop-out level), plus spread-betting accounts for UK clients. The current, post-rebrand "Gildencrest" account structure wasn't independently reconfirmed, since mainstream comparison sites haven't refreshed their coverage since the February 2024 rebrand. |
|---|---|
| Execution model | Not clearly disclosed as dealing-desk, STP, or ECN beyond the named "ECN" tier -- ambiguous in sources found. |
| Withdrawals & deposits | Deposits and withdrawals are generally free; a $25 fee applies to withdrawals from accounts with zero trades. Minimum withdrawal $100; minimum deposit around £100 by card or $100 generally. |
| Overnight financing (swap) | Swap fees are charged on all account types for overnight positions; the benchmark-plus-markup formula wasn't disclosed. |
| Currency conversion cost | Not found -- no specific fee or percentage was located. |
| Inactivity fee | Not found as a standard inactivity fee -- though see the related $25 zero-trade-account withdrawal fee noted above. |
| Customer service | See the regulatory note above for its legacy TeraFX Trustpilot/ForexPeaceArmy history. No current reviews were found under the Gildencrest Capital name on major comparison sites -- limited independent coverage found for the new brand. |
| Mobile experience | Not found under the Gildencrest name. |
| Educational offering | Not found under the Gildencrest name. |
See how Gildencrest Capital's spread cost compares across every researched broker → · Forex broker fees explained
Is Gildencrest Capital regulated?
Yes -- FCA No. 564741. See the regulation dossier on this page for the underlying licence numbers.
Is my money protected if Gildencrest Capital fails?
Via its FCA-regulated UK entity, eligible clients are covered by the UK's Financial Services Compensation Scheme (FSCS) up to £85,000 per person if the firm fails.
What is the minimum deposit at Gildencrest Capital?
Not independently confirmed in our research -- verify directly with the broker.
What trading platforms does Gildencrest Capital offer?
Gildencrest Capital offers MT4, MT5 (spread-betting clients only).
What is Gildencrest Capital's average spread on EUR/USD?
Not independently confirmed in our research -- verify directly with the broker.
When was Gildencrest Capital founded?
Gildencrest Capital was founded in 2011.
How is Gildencrest Capital's overall score calculated?
Gildencrest Capital currently scores 2.67/5 overall under our disclosed nine-category methodology -- regulation & client protection 30%, trading costs 20%, non-trading fees 10%, platforms & tools 10%, execution/trading conditions 10%, product range 5%, deposits/withdrawals 5%, transparency 5%, track record 5%. It is not a comparison to other brokers and not based on hands-on testing.
A dated log of when our own published data about this broker actually changed -- not a reconstructed history of what the broker itself did. See the full change log tool for every broker.
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