TITANFX

About company:

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.