Since its launched in 2014, TitanFX has been a popular broker among the traders in the world.
The biggest feature is the low fees. There are no bonuses, but it’s still worth a try.
- TitanFX Advantage and Disadvantage
- TitanFX is Recommended for Such Traders!
- Is TitanFX a Reliable Broker? Or Scam?
- TitanFX Products
- Can Cryptocurrencies be Traded in TitanFX?
- TitanFX Account Types
- TitanFX Allows up to 15 Multiple Accounts
- TitanFX Bonus Programs
- TitanFX Deposit / Withdraw Methods
- TitanFX Customer Support
- Try TitanFX Demo Account for Free
|Company||TI Securities Limited|
|Products||Forex:60, Index:21, Metal:11, Energy:4, Stocks:65|
|Account Types||2 Types (STANDARD, BLADE)|
|Negative Balance |
|Deposit & Withdrawal Fees||Deposit:None, Withdraw:Yes|
|Support||Phone, Chat, E-Mail|
TitanFX Advantage and Disadvantage
- Narrow spreads
- Many products (Forex, Stock Index CFD)
- Both of MT4 / MT5
- 24/5 support
- Customer assets are segregated
- High leverage up to 1:500
- Negative balance protection system
- No bonus programs
TitanFX is Recommended for Such Traders!
- Want narrow spreads anyway!
- Want to start with small capital
- Need negative balance protection
- Need rich support
Is TitanFX a Reliable Broker? Or Scam?
In conclusion, TitanFX is not a scammer, but it is a forex broker with a little lower reliability than other brokers.
It has been in business since its establishment in 2014, and it is also focusing on improving services, and it seems that the number of customers is actually increasing.
So I don’t think TitanFX is a bad scammer who runs away with the money entrusted by the customer.
TitanFX has the following licenses.
- VFSC (Vanuatu)
Regulated number 40313.
Vanuatu is a famous place for tax havens.
I do not know in detail the details of the examination by the financial authorities in Vanuatu, but it can be said that the minimum conditions have been met.
TitanFX Asset Conservation
Is there any measure to protect customer assets?
What happens to our assets (margin and profits deposited) if the forex broker goes bankrupt?
It should be decided that the forex broker who can guarantee customer assets as much as possible is more reliable.
It is the asset conservation system to evaluate it.
There are two main types of asset conservation systems.
- Conservation Trust
- Segregation of Funds
Conservation Trust is more reliable.
Conservation Trust means depositing all the customer assets to a third institution such as a bank. Forex brokers cannot withdraw funds without permission unless the customer instructs them to withdraw. Even if the forex broker goes bankrupt, the customer’s assets (balance at that time) are protected and guaranteed.
Segregation of Funds is to manage the operating costs of the forex broker and the assets under custody from the customer in separate accounts. Unlike Conservation Trust, the management is done by the forex broker itself, so even if the forex broker goes bankrupt, the customer’s assets are may not fully guaranteed.
How does TitanFX manage customer assets?
TitanFX manages customer assets by Segregation of Funds.
Since it is not a Conservation Trust, its reliability will decrease.
It can be said that this also meets the minimum requirements.
TitanFX has been in business since its establishment, and it can be said that it is not a scammer, but if you are worried, please choose another broker.
TitanFX offers 161 products.
The total number of products handled by TitanFX is at the average level, but the number of currency pairs handled is slightly higher.
TitanFX handles many exotic currencies and European currency pairs.
Not only currency pairs but also TitanFX offers US Stocks CFDs.
Also, this is one of the features of TitanFX, all products can be traded with 1:500 of higher leverage.
With other forex brokers, the leverage of stock index and energy is limited, but TitanFX is 1:500 the same as the currency pair.
TitanFX is a recommended trader for traders who want to trade all products with high leverage.
- Currency : 60
- Index : 21
- Energy : 4
- Metal : 11
- Stocks: 65
- Total : 161
Please refer to another article for a detailed explanation of the products handled by TitanFX and the terms and conditions of the transaction.
Can Cryptocurrencies be Traded in TitanFX?
Recently, trading of cryptocurrencies such as Bitcoin, Ripple, Ethereum and other Altcoin has become popular again.
It is very popular with short-term traders due to its large price fluctuations.
Bitcoin has also risen steadily, finally surpassing $ 20,000 in late 2020. There are also long-term traders.
Can cryptocurrencies be traded in TitanFX?
Unfortunately, TitanFX does not allow you to trade cryptocurrencies.
TitanFX offers quite good trading conditions, so I hope TitanFX will offer cryptos in the near future.
The forex brokers that allow to trade cryptos are summarized in a separate article, “Best Forex Broker for Crypto Trading“.
I also introduce trading conditions and recommended brokers, so please take a look.
TitanFX Account Types
There are 2 types in all.
ZERO Standard Account (STP) and ZERO Blade Account (ECN).
The characteristics of each account are as follows.
The major difference is the fee collection method based on the ordering method (STP and ECN), other conditions, the handling stocks and trading platforms are the same.
Blade account fees are bit higher than other brokers, so I recommend standard accounts.
Regarding XM all account types, refer to the separate article, “TitanFX All Account Types” that explain you the detailed specifications and conditions.
＼Just 3 minutes!!／
TitanFX Allows up to 15 Multiple Accounts
You can open multiple accounts up to 15 in TitanFX.
Creating an additional account enables more risk-reduced and efficient operation.
With additional accounts, you are free to choose not only the account type, but also the account currency, leverage, trading platform, etc., just as you would when you first created an account.
By changing the account type or the conditions such as leverage, you can separate the currency pairs and products to be traded for each account, trade with different leverage, separate the discretionary trading and EA (automatic trading) trading accounts, it will be easier to manage.
If you cannot decide account type for the first account, let’ select ZERO Standard account.
If you want to try ZERO Blade account type, you can add an account and select it.
Also you can easily transfer funds to additional accounts from the website.
＼Just 1 minutes!!／
TitanFX Bonus Programs
At the time of this review, TitanFX doesn’t provide bonus programs and promotions.
TitanFX Deposit / Withdraw Methods
Credit cards, STICKPAY, NETELLER, Skrill, Bitwallet and bank transfers.
It depends on your location. Please check it out on official website.
Deposit fees are free, and withdrawal fees are charged by several withdrawal methods.
Please check official website for more detailed conditions.
Please refer to the separate article “TitanFX Deposit Methods | Fees and Conditions” for details on how to deposit TitanFX.
TitanFX Customer Support
Very good support.
TitanFX offers 24 hours support from Monday to Friday.
If you have any questions and troubles, you can contact with support center via chat or phone immediately.
TitanFX also offers real-time communication via live chat.
|Customer Support||Supported or not|
For more information about TitanFX support, please refer to the separate article “TitanFX Customer Support | Any Language as You Like!“.
Please refer to it.
Try TitanFX Demo Account for Free
In order to know the trading environment and usability in TitanFX, it is effective to open a demo account and do actual trading.
TitanFX makes it easy to open a demo account.
For details on how to make use of TitanFX demo account and how to open it, see the separated article “How to utilize TitanFX demo account“.
If you have not decided to trade with TitanFX yet, why not try trading with a demo account?
＼Open for Free!／
Due to the low fees, a lot of traders prefer to use TitanFX, suitable for short-term trading such as scalping.
There are no campaigns or bonuses, but considering the long-term use, it can be said it is well worth using due to the low fees.
One of the great features is the 24 hours support. It is a ease in case of emergency.
＼Just 3 minutes!!／