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Titan FX is an exchange, metals and commodities broker serving both institutional and retail clients around the world.
Company. Fund security
The company is owned by TI Securities Limited, which is registered in Vanuatu under number 40313 and is regulated by the Vanuatu Financial Services Commission.
In the past, the broker was under the trade name TitanFX Ltd, was registered as a financial services provider in New Zealand and regulated by the Financial Markets Authority. It is not known why the company changed the main firm, but, nevertheless, Vanuatu is an offshore zone, which does not impose such strict requirements on brokers as in New Zealand. In Vanutau, a registered capital of $ 2,000 and $ 9,000 is enough to obtain a license. While in New Zealand, the company's account must have at least $ 1,000,000.
We advise brokers to be careful when working with the company, and before opening an account, read the Titan FX reviews at the bottom of the description.
Trading conditions
Like most brokers in the industry, Titan FX provides its clients with a choice of several accounts. The standard account without commission offers institutional spreads with STP execution. The second Blade account is for advanced traders who use robots to trade. The account is provided with spreads starting at 0.0 pips thanks to ECN execution, but the trader also pays a commission.
Moreover, trading accounts are offered with special conditions: Swap free for traders adhering to Islamic religious beliefs; MAM and PAMM accounts.
Minimum initial deposit
The minimum deposit at Titan FX is $ 200. This is the average offer on the market. True, if you are not ready to invest such an amount, there are brokers that offer trading from $ 1.
Spreads and commissions
As Titan FX operates on NDD technology, it offers variable spreads. Blade account holders can trade with spreads from 0.1 on EUR / USD, but the commission will be $ 3.5 per standard lot (per side). Thus, trading costs actually start at 0.8 pips including commissions.
On the other hand, the standard account offers higher spreads (on average 1.1 pips on EUR / USD), but no commission is charged on the account.
On both accounts, the spreads are considered to be average.
Leverage
Available leverage is up to 1: 500. This is considered a good deal, as most brokers usually offer up to 1: 200 or 1: 400 leverage.
Trading platforms
Titan FX offers traders' favorite trading platform - MetaTrader4, available on PC, mobile devices and web browsers.
MT4 supports all major trading options: a range of technical indicators, an outstanding mapping package, an extensive testing environment, and a wide range of Expert Advisors. Traders can download ready-made or create their own automated trading strategies.
Titan FX recommends that clients who trade using Expert Advisors take advantage of the paid VPS hosting service. It provides fast communication with minimal latency. This way, your trades will be executed according to the trading plan, regardless of equipment or Internet failures.
Titan FX partners with Zulutrade. On the platform, you can copy the trades of the world's best Forex traders directly to Titan FX trading accounts.
Analytics and news
Market analysis, economic news, and monthly market analysis are published daily on the site. All materials are published in English.
Support service
All sections of the site, except for analytical materials, are available in Japanese, Chinese and Spanish. The main language is English.
Support is available 24 hours a day from Monday to Friday. Phones are presented for two regions: Asia and Europe. You can also contact by email.
Titan FX has social media accounts: Facebook, LinkedIn, Twitter.
Ways of payment
The following payment methods are offered to Titan FX clients:
credit / debit card; bank transfers; Skrill and Neteller e-wallets; Titan FX does not charge an escrow fee.
Pros:
MT4 is available; STP technology.
Minuses:
offshore broker.
TITANFX is a company whose task is to provide intermediary services to traders. Brokers / Crypto exchanges provide access to currency / cryptocurrency trading, first of all. Also, many of them, if we are talking about brokers, give the opportunity to make transactions with company shares, bonds, commodities, precious metals, indices, cryptocurrency and other assets. A private person can make transactions with all these instruments only on a trading platform, access to which is provided by a broker or a crypto exchange.
In addition, thanks to such companies, an individual can operate in the market with amounts significantly exceeding the amount of his own funds. This is called the provision of leverage. For example, having a deposit of 1,000 USD with a leverage of 1:400, a trader can make transactions for 400,000 USD.
As well, the broker / crypto exchange opens access to analytics, auxiliary tools, trading signals. Without all this, modern trading is impossible.
TITANFX profits from traders' trades, usually in two main ways
.
First – most common. Using spreads. This word refers to the difference between the best prices for buying and selling a certain asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between the broker and market users - another. The mediator takes the difference.
The second method is easier to understand. This is a fee for each operation performed. Most often it has a standard value, but can also be measured as a percentage.
Therefore, the company is interested in attracting as many clients as possible and that they conduct active trading.
How honest brokers / crypto exchanges should work and how they work, we found out. And now let's look at how scammers act, they are also called kitchens.
The most common way to cheat – is to twist quotes. Broker / crypto exchange gives the trader quotes that differ from the real market. There is a substitution of data in order to make operations unprofitable. The deposit is reduced, and then completely reset. At the same time, the trader thinks that his operations were made on the market, but in fact – just on the site of scammers.
Bonus – traps. They are generously distributed for anything: registration, account replenishment, etc. Only after that, in order for the client to withdraw his own money mixed with bonus money, it will be necessary to fulfill a number of actually impossible conditions. For example, to conduct trading operations in the amount of ten times more than the size of the deposit.
The User Agreement may also mask a clause that allows the broker / crypto exchange to dispose of the client's money. Inattention when reading such an agreement most often turns into a complete loss of the deposit.
One of the key points – it is the place of registration and regulation of the company's activities.
First let's talk about registration. As a rule, traders are more trusted by companies either from their own country or from an economically developed country, for example, a member of the European Union. Of course, compliance with UK law is reassuring, and compliance with the laws of an unknown island in the Indian Ocean does not mean anything to most at all.
On fact, most brokerage companies are registered offshore, and we are talking not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are popular offshore zones among companies. Registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has claims against such a company, then it is likely that he will have to deal with it in accordance with the laws of the same conditional Belize. It is possible to be physically present there at court hearings. And this is extremely expensive and difficult.
No is it worth running like fire from just the word «offshore»? As an answer, we will cite the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes with the help of offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point – this is the regulation of the broker / crypto exchange. First of all, it is carried out at the level of the state where the company is registered. Each country has its own regulatory body for brokering. So, in Russia it is the Central Bank of the Russian Federation. The trader can find permits on the websites of such authorities. But there are also supranational structures. For example, the International Financial Commission, which is an independent self-regulatory organization, specifies disputes between its members – brokers and their clients.
If there is no information on the broker's website / crypto exchange about the regulation of its activities or license, then it is almost certainly a scammer. Or on the site there is data on some license issued by him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, or crypto exchanges, study its history. Look at the links to its experts. If one of the leading TV channels in the economic news for 5 years in a row refers to the opinion of the analyst of the broker in question – this is good. If the broker / crypto exchange assures that it has been working for 15 years, but there is no information about it on the Internet at all – this is bad.
It is important to pay attention to reviews about the company. And read them not only on the website of the broker itself / crypto exchange. In the kitchen, they will certainly be only praiseworthy. It is better to view as many sites as possible.
Pay attention solely to the specifics in the offers on the websites of brokers / crypto exchanges. Honest companies openly write about interest, spread size, minimum deposit, etc. Scammers lure loud streamlined phrases about a rich tomorrow, a stable income, mislead with incomprehensible terms about multi-sites, superfunctions and so on.
Specify the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers / crypto exchanges sometimes hold social promotions. Scammers will definitely not do this.
Therefore, the process of choosing a broker / crypto exchange is complicated. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich around the world
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Before any trade and choosing a broker You must always read reviews on this site and on other sites. Companies who are honest, have a rating of above 3.8. Also there is always the risk of loss when trading CFDs. Be careful and read the disclosure on the website of the company you chose. TITANFX received a score of 1 of 5 on our resource.