BROKER REVIEW

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GENERAL INFORMATION

Broker Name:

TitanFX

Broker Type:

ECN FX and CFD

Country

Vanuatu

Operating since year:

2014

Regulation:

VFSC

Address:

1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu

Broker status:

N/A

CUSTOMER SERVICE

Phone:

1 214 2388 269

Languages:

English, Japanese, Chinese, Spanish

Availability:

24/5

TRADING

Trading platforms:

MT4, MT5

Trading platform Time zone:

GMT

Demo account:

YES

Mobile trading:

YES

Web-based trading:

YES

Bonuses:

NO

Other trading instruments:

Forex, Commodities, Metals, Energies, indices, CFDs

ACCOUNT

Minimum deposit ($):

$200

Maximal leverage:

500:1

Spread:

variable

Scalping allowed:

YES

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Titan FX Review - Is it a scam or a reliable broker?

In this review, we will find out whether you can trust this broker. Our team has thoroughly analyzed the broker and provided you with sufficient information to help you decide on your own. Before making a decision, read our review and make sure that your broker is not fake or unreliable to avoid losing your money!

Titan FX Guide General Information

It is no wonder that having a reliable and capable broker is crucial to your success in online trading and investment. Always make sure that your needs fit the profile of your broker as well! You have to have a proper working and profitable relationship with the broker of your choice.

Titan FX is an online broker that was founded way back in 2008 in New Zealand. The broker is currently offering its traders, spread betting, social trading, and share dealing, foreign exchange, metal (including Gold, Silver, Platinum, and Palladium) and commodities.
Titan FX is actively serving both institutional and retail clients all around the globe. The broker offers trading in up to 70 currency pairs, DMA CFDs for the world’s most significant stock market Indices, energy commodities, and provides access to spot metal contracts.

Titan FX has a listed stock symbol. This means that Titan FX has publically listed, and you can officially buy shares in Titan FX on one of the world’s global market exchanges.

When trading in the financial markets, it can be very time consuming to find a broker that meets your needs.

Titan FX: Security of Funds

Remember, the broker’s security of funds is one of the most important things after broker regulation. Titan FX is the trading name of TitanFX Ltd., which is a registered Financial Services Provider in New Zealand. Financial Markets Authority (FMA) is regulating the company.

Titan FX Limited is registered as an International Business Company in St. Vincent and the Grenadines, IBC number 22933-IBC-2015.

Also, FMA regulated companies must comply with specific rules: for example, registered firms must have a physical office in New Zealand, within which they have adequate financial competences.

The rules are not as strict as in Switzerland, the US, or in the UK, however, they provide a certain level of security.
In addition to all of this, Titan FX is a member of the New Zealand ISO scheme. If In case a client has a complaint about the broker’s services, they may contact the Insurance and also Savings Ombudsman.

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Trading Accounts

Titan FX provides its clients with several account types.

• Demo account
• Standard account
• ECN account
• STP account

The Standard account is commission-free, and it offers institutional-grade STP spreads.
Also, Islamic (swap-free) service is available on standard account types, for Muslim investors who are unwilling to earn interest for religious reasons.

Titan FX withdrawal methods

Titan FX offers three main payment methods.

• Credit cards
• Skrill
• Neteller

Want to start trading with Titan FX?

First of all, you would need to sign up on the website, register, and receive all your login information by email. After submitting your identification documents, it is quite easy to sign up. However, the broker requires making a deposit first, and then the next step is to download the trading platform of your choice.

Performing trades with Titan FX

Well, as with most brokers, margin requirements do vary depending on the instruments that traders are using. However, Titan FX is kind enough to allow you to execute a minimum of trade. Performing trades may vary depending on the account you open. Titan FX will enable you to complete a maximum of deals. As Titan FX offers ECN and STP execution, you can expect tight spreads with more transparency over the price you’re paying to execute your trades.

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Education resources at Titan FX

Education in trading is essential. Usually, brokers offer all types of educational material and information for their clients on their web-pages. To trade effectively with Titan FX, it’s crucial to have a good grasp of the Titan FX trading tools and the markets. Having an analytical approach may be an excellent way to approach trading with this broker.

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Titan FX offers a selection of educational resources. If you want to trade with this broker, make sure to spend some time reading up on making active trades, active trading times, how the markets and trading works, and managing risk.

Even though we think that being independent and taking your education seriously is essential, brokers usually need to make their educational material as simple as it’s possible. Titan FX is a little bit too complicated, and it does not offer some main basics on its tools or overall any type of introduction to trading.

Customer Support at Titan FX

Titan FX’s response to client inquiries was slow and sometimes not even answered. Titan FX less customer support features compared to other brokers like live chat, phone, and email support. Live chat has a limited amount of Languages; live chat employees have a hard time answering all the questions listed on the website. Phone support supports a limited amount of Languages.

Titan FX supports a wide range of languages, including English, Spanish, Czech, Chinese, Italian, Polish, Portuguese, Slovenian, Hindi, Hebrew, Arabic, German, French, Romanian, and Russian.

Final Thoughts

Titan FX is an NZ-regulated STP/ECN broker. It provides somehow fair trading in forex and CFDs s through the popular MetaTrader platform. To sum things up, here are the advantages and drawbacks of this broker:

What we like about Titan FX

Established in 2008 – thus has experience in the trading world.
Regulated by the Financial Markets Authority (FMA)
Min. deposit from USD 200

What we don’t like about

Titan FX
Doesn’t allow scalping
Not FCA Regulated – this is not a good look for a broker.
Lighter regulation (NZ)
No choice of trading platforms

Be careful, and good luck in trading!

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