Titan FX Broker Reviews and Full Information

What is Titan FX?

Titan FX is a foreign exchange broker that provides services to both institutional and individual clients throughout the world. Clients of Titan FX may trade CFDs in a secure and convenient environment. CFDs on foreign exchange (FX) currency pairings, stock indexes, metals, and energy are all available. Customers of Titan FX can trade certain CFD products utilizing the MetaTrader 4 and MetaTrader 5 platforms (for PC, Apps or Web Trader). When Titan FX was founded in 2014, the company's goal was to produce a dependable no dealing desk forex broker that could service a global clientele. With decades of combined experience, its senior management and support staff consists of highly seasoned forex and fin-tech experts that are committed to provide the best possible trading conditions and customer service to both retail and institutional clients. The broker provides high leverage on all currency pairings (see our list of High Leverage Forex Brokers for more information), zero pip spreads, and zero latency (see our list of 0 Pip Spread Forex Brokers for more information). All of this sounds very promising, but let's take a closer look at Titan FX first.

About Titan FX

Licenses & Regulation

Is Titan FX regulated?

Due to the fact that Titan FX is an offshore broker, it is not safe to deal with them (Forex Broker). Titan FX Limited is the parent company of Titan FX, which is an offshore business incorporated in Vanuatu that claims to be in possession of a license from the Vanuatu Financial Services Commission (VFSC).

Vanuatu is the most straightforward country in which to form a brokerage, since the process just needs the company to submit a registration online, demonstrate initial established capital of $2,000, and pay a fee, after which the firm is up and running in 2-3 months.

As a result, dodgy forex brokers such as RCM FX, EssenceFX, and others established themselves in the area as an offshore haven.

According to our sources, the broker's VFSC license costs €24,000 each year to maintain membership. Brokers, on the other hand, do not have a manual or set of standards to help them operate their businesses. As a result, dealers have no legal protection whatsoever. We have a comprehensive post describing the risks associated with dealing with brokers based in Vanuatu.

Is Titan FX a scam?

Titan FX had previously been licensed and regulated in New Zealand, however the license had been revoked due to a disciplinary action. In accordance with the company's website, the company has offices in both New Zealand and the United States; however, the same website states that "United States, New Zealand, or Vanuatu residents are welcome to browse our website, but please note that due to regulatory limitations, we are unable to accept any residents of the United States, New Zealand, or Vanuatu as clients." This indicates that Titan FX is not regulated in the aforementioned countries and, as a result, is not permitted to provide its financial services in other countries owing to a lack of regulatory oversight.

In addition, the broker has been placed on the Financial Services Agency of Japan's "blacklist" of prohibited brokers (FSA). Due to the fact that the website targeted potential clients all over the world, including Japan, the FSA was justified in keeping an eye on the broker: "being a licensed investment organization in another country does not immediately translate into authority to operate in the Japanese market."

Titan FX in India

India-based traders may create accounts with Titan FX and begin trading immediately. Titan FX, on the other hand, makes no mention of complying with any Indian regulatory bodies on its website. Furthermore, it is important to point out that forex trading is really forbidden in India. Because the broker is not controlled by any regulatory authority in India, it is possible that money safety would be a concern in this situation.

Titan FX in the USA

Titan FX does not accept customers from the United States, which is one of the nations on their list. According to United States law, brokers authorized by the Commodity Futures Trading Commission (CFTC) are the only brokers permitted for traders in the United States. As a result, with the exception of Titan FX, you are only able to trade with platforms that are regulated in the United States.

Countries with travel restrictions include: Aland Islands, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, United Kingdom, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, China, Hong Kong, Israel, Macao, Singapore, United Arab Emirates, Turkey, and the United Arab Emirates.

Deposits and Withdrawals

Titan FX requires a minimum deposit of $200 to start an account, which applies to all currently active accounts. Titan FX does not charge any account maintenance fees for accounts that are no longer in use. Using our Secure Client Cabinet, you may fill your trading account with a variety of payment methods, including Visa, Mastercard, AMEX, Neteller, Skrill, STICPAY, Local Japanese Bank Transfer, and bitwallet.

Withdrawals are typically handled automatically within one business day; however, the time it takes for cash to be credited to your account might vary depending on the withdrawal method chosen and the time it takes for the payment to be processed by your payment provider.

Among the methods available for withdrawal from a Titan FX forex trading account are Visa, Mastercard, Neteller, Skrill, STICPAY, Local Japanese Bank Transfer, and bitwallet, among others.

Apps

With Titan FX, its clients have access to some of the world's most popular trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as a mobile trading application. The Titan FX Metatrader program, which is available for iPhone, iPad, and Android devices, allows you to manage your account, trade in financial markets, and analyze the market using 30 technical indicators. You can also get financial news and emails through the application. It also contains real-time quotations for financial instruments, the whole set of trade orders, including pending orders, and a searchable history of all trades conducted on the platform.

Demo Account

MetaTrader 4 and MetaTrader 5 are the industry standard trading platforms, and all Titan FX clients have access to their customized versions of these platforms (MT5 Forex Brokers).

The broker offers a free demo account that is active for 30 days and includes USD$50,000 in virtual funds. The demo account allows you to test drive the platform. On request, other equity amounts and account currencies can be made accessible to you. Because it employs a live price feed from Titan FX servers, its demo account is as near to the genuine trading experience as you can get without actually trading. Whether you want to broaden your trading expertise or demonstrate the effectiveness of your trading strategy, Titan FX's MetaTrader platforms are the ideal tool.

Conclusion

Since there have been several complaints from the broker's clients, as well as an official notification from the regulation, there is no longer any reason to have confidence in the Titan FX trading environment as it has been presented.

We highly urge you to create a trading account only with brokers who are regulated by reputable international regulatory bodies, who adhere to the appropriate set of standards, and who have built a solid reputation over the course of the timeframes for which they have been in operation. Traders should always trade with brokers who are well-regulated, such as brokers in the United Kingdom or brokers in Australia, as well as with reputable brokers like as AvaTrade and XM.com.