Titan FX Ulasan

On-line since: 2014
Country of origin: Vanuatu
Regulation: VFSC
Payment options: wire transfer, bank cards, electronic payment systems
Minimum account size: $200
Minimum lot size: 0.01 lot
Leverage: up to 1:500
Spreads: fixed, floating, from 0 pip

About the company:

Titan FX is an exchange, metal and commodity broker serving both institutional and retail clients across the globe.

Company. Security of funds

The company is owned by TI Securities Limited, registered in Vanuatu under the number 40313 and regulated by the Vanuatu Financial Services Commission.

Previously, the broker was known under the trading name of TitanFX Ltd, registered as a financial services provider in New Zealand and regulated by the Financial Markets Authority. The company changed the main company for an unknown reason, but, nevertheless, Vanuatu is an offshore zone with less strict requirements to brokers than in New Zealand. In Vanuatu, it is enough to have an authorized capital of $2,000 and $9,000 to get a license. While in New Zealand, the company should have no less than $1,000,000 on the company's account.

We advise traders to be more careful in working with the company, and before opening an account, we suggest reading reviews about Titan FX.

Trading conditions

Like most FX brokers, Titan FX provides its clients with a choice of several account types. The Standard account is commission-free, offering institutional grade STP spreads. The Blade account is intended for advanced traders who use trading robots. This account provides ECN spreads from 0.0 pip but also involves a commission.

In addition, there are trading accounts with special conditions: swap-free ones for Muslim traders; MAM and PAMM accounts.

Minimum initial deposit

The minimum initial deposit required by Titan FX is $200. This is an average amount. However, if you are not ready to invest this much, there are brokers who offer trading from $1.

Spreads and commissions

As Titan FX is a NDD broker, it offers variable spreads. Blade account holders may trade with spreads from 0.1 on EUR/USD, but there is a commission amounting to $3.5 per standard lot (per side). So the trading costs in fact start from 0.8 pip, commission included.

On the other hand, the Standard account provides higher spreads (averaged at 1.1 pips on EUR/USD), but this account is commission-free.

Such spreads on both accounts are considered average.

Leverage

The available leverage is 1:500. It is a favorable offer, since most brokers usually provide leverage of up to 1:200 or 1:400.

Trading platforms

Titan FX supports the traders’ favorite trading platform, MetaTrader 4, on a PC, a smartphone or in a web browser.

MT4 has all main trading options: a number of technical indicators, outstanding charting package, extensive testing environment, and a wide range of advisors. Traders can download ready-made or create their own automated trading strategies.

Titan FX recommends clients who trade with advisors using a paid service of VPS hosting. It provides a fast connection with minimal delay. Thus, your transactions will be executed according to the trading plan, regardless of the equipment or Internet malfunction.

Titan FX partners with Zulutrade. The platform allows its clients to copy deals of the world’s best forex traders directly into Titan FX trading accounts.

Analytics and news

Daily on the site, there is market analysis, economic news, as well as monthly market analysis 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.  

The support is available 24/5. There are phone numbers for two regions: Asia and Europe. Also, you can contact the service via e-mail.

Titan FX has Facebook, LinkedIn, and Twitter accounts.

Payment options

Titan FX’ clients are offered the following money transfer methods:

• credit/debit bank cards;
• wire transfers;
• Skrill and Neteller;
• Titan FX applies no charges for account funding.

Advantages:

• MT4 is available;
• STP technology.

Disadvantages:

• offshore broker.