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Titan FX Review
Updated June 01, 2022
Risk Warning: CFDs are complex financial instruments that carry a high risk due to leverage trading. The vast majority of retail investor accounts lose money when trading CFDs. You should always consider whether or not you can afford the high risk of completely losing your funds.
KEY TAKEAWAYS
- ECN trading, with proprietary Zero Point™ technology
- Competitive pricing and low spreads
- Free funding and withdrawal (most withdrawals are automated and instant)
- Regulated in Mauritius and Vanuatu
Regulations and Money Protection
2.0
| Entity Name | Licence & Regulation | Client Money Protection | Deposit Compensation Scheme | Negative Balance Protection |
|---|---|---|---|---|
| Titan FX Limited | Vanuatu VFSC Licence | ✔️ segregated client money |
❌ | ✔️ |
| Titan Markets | Mauritius FSC Licence |
Entity/Regulation
- Vanuatu regulation: Titan FX Limited (trading as Titan FX) will be the main counterparty for international customers. Titan FX Limited, registered in Vanuatu with company number 40313 and address on the 1st floor, Govant Building, 1276 Kumul Highway, Port Vila, Vanuatu, is regulated by the Vanuatu Financial Services Commission (VFSC).
- Mauritius regulation: Titan Markets, with a registered address at c/o Credentia International Management Ltd, The Cyberati Lounge, Ground Floor, The Catalyst, Silicon Avenue, 40 Cybercity, 72201 Ebene, Republic of Mauritius, is supervised and regulated by the Mauritius Financial Services Commission with licence number GB20026097.
Client Money Protection
- Titan FX complies with the highest safety standards for clients' funds. For this reason, Titan FX clients' funds are kept in top-tier international banks, fully segregated from the company’s funds.
- Titan FX also complies with the client money handling rules and employs strict policies and procedures regarding the maintenance and operation of these accounts. Titan FX does not use these funds for any operational expenses or purposes.
Deposit Compensation Scheme
Titan FX Ltd and Titan Markets, both trading as Titan FX, do not offer any deposit compensation scheme. In the unlikely event that Titan FX Ltd and/or Titan Markets becomes insolvent, or are unable to pay claims against it if the firm has stopped trading, clients might not be entitled to compensation.
Negative Balance Protection
For accounts opened with Titan FX Ltd and Titan Market, there is a default Negative Balance Protection mechanism in place, for the sake of no negative balance. With NBP, Titan FX customers can rest assured and are protected from any losses bigger than their original investments, in cases of extreme market volatility.Accounts, Instruments and Platforms
| Accounts | Instruments | Platforms | Social trading | Maximum Leverage |
|---|---|---|---|---|
| ✔️Zero Standard ✔️Zero Blade ❌PAMM ❌Islamic Accounts |
✔️Forex ✔️Indices ✔️Stocks ❌Futures ❌Bonds ✔️Commodities ✔️Cryptos |
✔️MT 4 ✔️MT 5 ❌cTrader |
❌ | 500:1 globally |
Account Types and Currencies
- Titan FX has only two types of trading accounts available; Standard and Blade, both with an ECN execution model. Titan FX does not offer swap-free accounts for traders of Islamic belief.
- Currently, Titan FX does not support social trading or copy trading.
- Titan FX does not offer PAMM account alternatives for money managers.
- Titan FX's maximum forex leverage is 500:1, for accounts opened globally.
- Currently, Titan FX trading accounts are only available in EUR, JPY, SGD and USD.
Financial instruments
Trading with Titan FX can be done via the MetaTrader 4 and the next-gen MT5 platforms, available for desktop terminals, web trader and mobile devices. Titan FX offers a curated selection of 200+ instruments to trade, from several asset classes, including forex, indices, commodities and cryptocurrencies.
- FX market - 60 currency pairs (including Minor and Exotic crosses).
- Indices - 21 CFDs available for trading with DMA access, including NAS100, JPN225, GER30, CN50, US2000 and AUS200.
- Stocks - 100 CFDs available for trading, also with DMA access, of well-known stocks, including Facebook, Tesla, Pfizer, Alphabet (Google), 21st Century Fox, Uber and many more.
- Commodities - 15 CFDs available for trading; 11 metal's combinations (Silver, Platinum and Gold included) and 4 energies, including UK Oil and US Oil.
- Cryptocurrencies - 6 CFDs available for trading Mon-Fri only) of top market cap cryptocurrencies, including Bitcoin, Ethereum, Ripple, Litecoin, Bitcoin Cash and Stellar.
Pricing
4.5
| Pricing/ Account |
Standard | Blade |
|---|---|---|
| Spread EUR/USD | from 1.0 pip | from 0.0 pip |
| Commissions (1 lot EUR/USD) | ❌ | from 7 USD |
| Minimum Deposit | 200 AUD or equivalent | |
Spreads
Titan FX offers an ECN trading environment with competitive spreads and an industry average trading commission with its Blade account. The Standard account is designed for investors looking to trade the markets only with the bid/ask prices, without any extra costs or trading commissions.
Titan FX Standard account spread, for the EUR/USD, for example, starts at 1.0 pip with an average of 1.2 pip. To benefit from the ultra-low spreads of the Blade accounts, there’s a cost, meaning trading commissions. For the same example, the EUR/USD, the starting spread is 0.0 pip (average 0.2 pip) and the trading commission for 1 lot (100,000 units) is 7 USD (3.50 USD per side, per lot), or the equivalent on the account currency. We consider this commission to be on average when compared with other brokers.
Titan FX Standard account spread, for the EUR/USD, for example, starts at 1.0 pip with an average of 1.2 pip. To benefit from the ultra-low spreads of the Blade accounts, there’s a cost, meaning trading commissions. For the same example, the EUR/USD, the starting spread is 0.0 pip (average 0.2 pip) and the trading commission for 1 lot (100,000 units) is 7 USD (3.50 USD per side, per lot), or the equivalent on the account currency. We consider this commission to be on average when compared with other brokers.
Rollover Rates
Titan FX swap rates, as of 31-05-2022, for 1 lot EUR/USD (100,000 units) stands at a USD rate of -5.52 for holding overnight a long 1 lot contract and at +0.95 for holding overnight a short 1 lot contract. We consider these swap rates to be slightly lower when compared with the rollover rates offered by other top forex brokers.
Deposits/Withdrawals and Other Fees
- Deposit fees - Trading accounts can be opened in 4 different currencies and maintained via 7 different funding methods, including cards, bank wires and e-payments such as Sticpay and Bitwallet and also cryptocurrencies. Deposited funds are available almost instantly on the trading account and Titan FX does not charge any fees for deposits.
- Withdrawals fees - Same policy applies for withdrawals (automatically processed within 1 business day). Titan FX does not charge withdrawal fees. For more information, please visit the Titan FX deposit and withdrawals dedicated page.
- Inactivity fee - Titan FX does not charge an inactivity fee or any account maintenance fees.
Popularity
3.5
| Forex Education |
Deposit Options |
Deposit/Withdrawals Fees | Non-expiring demo account | Customer Support |
|---|---|---|---|---|
| Market analysis Blog |
Cards Bank Wire E-payments Cryptos |
❌ | ✔️- upon request | Multi-language 24/5 Support Live Chat |
The popularity of this CFD broker is above average, with the broker scoring 3.5 out of 5. Titan FX is not one of the most popular brokers, despite its ECN trading environment claims. Nevertheless, Titan FX should be considered a sound option if traders are looking for an alternative broker with reliable STP/ECN executions and competitive trading costs.
Titan FX perhaps also loses a few popularity points with traders looking to diversify their trading portfolio, or keen on learning the markets. Titan FX offers a limited range of 200 trading instruments and very little regarding trading education materials for retail customers.
- Trading accounts - The Titan FX Blade account is a popular choice with traders looking to save on trading costs, with lower spreads (from 0.0 pip) and an average trading commission of $7.00 per lot traded. Extra popularity points for Titan FX's policy of no fees on deposits or withdrawals.
- Forex education - Very little is offered regarding trading education materials, available through the News tab. Titan FX clients can read a few blog articles, and check out the markets with an in-house expert market analysis.
| Funding Methods | Bank Wire, Visa, Mastercard, American Express, SticPay, Bitwallet, Cryptos |
|---|---|
| Support Languages | English, Japanese |
- Minimum deposit - Opening a trading account with Titan FX is quite easy and fast, taking around 5 to 10 minutes to complete all the forms with the required information. The minimum deposit requirement for the Standard and Blade accounts is 200 AUD or the equivalent on the other accepted account currencies.
- Customer support - Titan FX's multi-language customer support service is available 24 hours, 5 days a week, in 2 languages. Titan FX's support is available via phone call, email and live chat directly from the broker's website.
Broker Profile
Titan FX is a technology-driven online ECN forex and commodities broker providing traders with next generation trading conditions, deep top tier liquidity, institutional grade spreads and the security of financial registration and oversight.
With Titan FX, traders can hedge positions freely (no FIFO), and trade the markets with exceptional STP/ECN execution with lighting fast trade executions with Titan FX's proprietary Zero Point™ technology. Investors are offered the chance to maximise returns with leverage ratios of up to 500:1.
Titan FX proposes a curated selection of over 70 currency pairs, commodities, precious metals, shares and stock market indices. Investors can trade without restrictions, with lot sizes from one micro lot (0.01 lots), via popular trading platforms, including the classic MetaTrader 4 (MT4) and the next-gen MT5, available for Windows, MacOS, mobiles, tablets and web browsers.
And for anything else, Titan FX's experienced Client Management Team are always on hand to assist traders 24/5.
Overall, on our Titan FX review, the broker scores 2.5 out of 5, mainly for the choice of regulators overseeing and licensing this broker (offering little to no protection for retail customers). Also on a negative note, the lack of trading educational materials and the limitation of trading instruments available could be improved to cater for a larger audience. Positively, Titan FX offers the industry benchmark pricing expected for an ECN type account; spreads from 0.0 pip and a trading commission of $7, and a zero fees policy for deposits and withdrawals.
Data supplied in partnership with CashBackForex - Forex Rebates places Titan FX on the top 15 brokers for popularity with traders opening an account in 2022.
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With Titan FX, traders can hedge positions freely (no FIFO), and trade the markets with exceptional STP/ECN execution with lighting fast trade executions with Titan FX's proprietary Zero Point™ technology. Investors are offered the chance to maximise returns with leverage ratios of up to 500:1.
Titan FX proposes a curated selection of over 70 currency pairs, commodities, precious metals, shares and stock market indices. Investors can trade without restrictions, with lot sizes from one micro lot (0.01 lots), via popular trading platforms, including the classic MetaTrader 4 (MT4) and the next-gen MT5, available for Windows, MacOS, mobiles, tablets and web browsers.
And for anything else, Titan FX's experienced Client Management Team are always on hand to assist traders 24/5.
Overall, on our Titan FX review, the broker scores 2.5 out of 5, mainly for the choice of regulators overseeing and licensing this broker (offering little to no protection for retail customers). Also on a negative note, the lack of trading educational materials and the limitation of trading instruments available could be improved to cater for a larger audience. Positively, Titan FX offers the industry benchmark pricing expected for an ECN type account; spreads from 0.0 pip and a trading commission of $7, and a zero fees policy for deposits and withdrawals.
Data supplied in partnership with CashBackForex - Forex Rebates places Titan FX on the top 15 brokers for popularity with traders opening an account in 2022.
Was this review helpful? Share it with a friend!
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