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.
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.
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.
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.
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.
MT4 is available; STP technology.
TITANFX is a brokerage company whose task is to provide intermediary services to traders. Brokers provide access to currency trading in the first place. Many of them also provide an opportunity to transact with company stocks, bonds, commodities, precious metals, indices, cryptocurrencies and other assets. A private person can make transactions with all these instruments only on the trading platform, which the broker provides access to.
In addition, thanks to the brokerage company, an individual can operate on the market with amounts that significantly exceed the size of their own funds. This is called providing leverage. For example, having a deposit of 1,000 USD with a 1: 400 leverage, a trader can make deals for 400,000 USD.
The broker also opens access to analytics, auxiliary tools, and trading signals. Modern trading is impossible without all this.
The broker TITANFX makes profit from traders' transactions, as a rule, in two main ways.
The first is the most common. Using spreads. This word refers to the difference between the best prices for buying and selling a particular asset at a particular moment. Moreover, in a transaction between a trader and a broker, the price is one, and between a broker and users of the Forex market - another. The mediator takes the difference for himself.
The second way is easier to understand. This is the collection of a commission for each transaction performed. Most often it has a standard value, but it can be measured as a percentage.
Thus, the brokerage company is interested in attracting as many clients as possible and for them to conduct active trading.
We have found out how honest brokers should work and how they work. Now let's look at how scammers operate, they are also called the kitchen.
The most common way to cheat is to tweak quotes. The broker provides the trader with quotes that differ from the real market ones. Data substitution occurs in order to make operations unprofitable. The deposit is reduced, and then completely zeroed out. At the same time, the trader thinks that his operations were carried out in the market, but in fact - only on the site of scammers.
Bonuses are traps. They are generously distributed for anything: for 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 virtually impossible conditions. For example, conduct trading operations for an amount tens of times greater than the size of the deposit.
In the User Agreement, a clause can also be disguised that allows the broker to manage 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 is the place of registration and regulation of the company's activities.
Let's talk about registration first. As a rule, brokers from either their own country or from an economically developed country, for example, a member of the European Union, are more credible to traders. Of course, compliance with UK legislation is reassuring, and compliance with the legislation of an unknown island in the Indian Ocean does not mean anything to most.
However, most brokerage companies are registered offshore. And it's not only about small offices, but also about world leaders. Saint Vincent and the Grenadines, Belize, Marshall Islands, Mauritius are offshore zones popular among brokers. By registering there, companies pay significantly less taxes than in the place of actual location, which is sometimes carefully hidden.
If a trader has any claims against such a company, then it is likely that he will have to deal with it in accordance with the legislation of that very conditional Belize. It is possible to be physically present there at the court sessions. And this is extremely expensive and difficult.
But is it worth running like fire from just the word "offshore"? As an answer, we will give the names of companies that are not related to brokerage, but with an impeccable reputation and also save on taxes through offshore registration: Apple, Pfizer, Microsoft, General Electric, Intel.
And here we come to the second important point - this is the regulation of the broker's activities. 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 brokerage activities. So, in Russia it is the Central Bank of the Russian Federation. A trader can find permissive documentation on the websites of such bodies. But there are also supranational structures. For example, the International Financial Commission (The Financial Commission), which is an independent self-regulatory organization, considering disputes between its members - brokers and their clients.
If the broker's website does not contain information about the regulation of its activities, then these are almost certainly scammers. Or the site contains information about a certain license issued to him, but this information is not confirmed anywhere else. Most likely, these are also scammers.
When choosing a brokerage company, study its history. Check out the links to her experts. If one of the leading TV channels in economic news for 5 years in a row refers to the opinion of the analyst of the broker in question, this is good. If a broker claims to have been working for 15 years, but there is no information about him on the Internet at all, this is bad.
It's important to pay attention to company reviews. And read them not only on the website of the broker itself. In the kitchen, they will probably only be laudatory. It is best to browse as many sites as possible.
Pay attention exclusively to the specifics in the offers on the brokers' websites. Honest companies openly write about interest, spread size, minimum deposit, etc. Fraudsters lure with loud, streamlined phrases about a rich tomorrow, stable income, misleading with incomprehensible terms about multi-sites, super functions, and so on.
Find out the company's connection with well-known brands, financial institutions, public organizations. For example, it can be sponsored. Large brokers sometimes hold social promotions. Fraudsters will definitely not do this.
Thus, the process of choosing a broker is complex. But if you approach it carefully, it will allow you to enter the world of trading, which has made millions of people rich all over 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. Brokers 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 broker. TITANFX received a score of 1 of 5 on our resource.