Abstract:Titan FX is owned by Titan FX Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license, with license number 40313. However, it is offshore.
Note: Titan FXs official site - https://titanfx.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
Feature | Information |
Registered Country/Region | Vanuatu |
Regulation | Offshore regulated by VFSC |
Market Instrument | Forex currency pairs, commodities, precious metals, and index CFDs |
Account Type | the Zero Standard Account and the Zero Blade Account |
Demo Account | N/A |
Maximum Leverage | 1:500 |
Spread | Vary on the account type |
Commission | Vary on the account type |
Trading Platform | MT4, MT5 |
Minimum Deposit | $200 |
Deposit & Withdrawal Method | credit/debit cards, wire transfers, Skrill, and Neteller |
Titan FX is owned by Titan FX Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license, with license number 40313. However, it is offshore.
Note: The screenshot date is February 8, 2023. WikiFX gives dynamic scores, which will update in real-time based on the broker's dynamics. So the scores taken at the current time do not represent past and future scores.
Market Instruments
Titan FX offers investors access to over 70 pairs of Forex currency pairs, commodities, precious metals, and index CFDs.
Account Types
Titan FX offers two different types of trading accounts for investors: the Zero Standard Account and the Zero Blade Account. Both accounts require a minimum deposit of $200, which seems affordable for most regular traders to get started. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
Concerning trading leverage, the maximum trading leverage offered by Titan FX is up to 1:500, which is considered high. Inexperienced traders are advised not to use such a high leverage level as it is too risky.
Spreads & Commissions
Titan FX's Zero Standard account has a spread of 1.1 pips on EURUSD with no additional trading commissions. The Zero blade account has a EURUSD spread of 0.1 pips and a commission of $3.50 per standard lot (one side).
Trading Platform
Titan FX offers traders the most popular MT4 and MT5 trading platforms available today. The MetaTrader trading platform features powerful charting tools, a large number of custom technical indicators, an extensive backtesting environment, and a range of expert advisors that support automated trading and can help traders create their trading strategies.
Deposit & Withdrawal
Titan FX supports traders to deposit and withdraw funds to and from their investment accounts via credit/debit cards, wire transfers, Skrill, and Neteller payment methods. Titan FX does not charge any commission for deposits.
Customer Support
The Titan FX client support service can be reached no matter what general, technical or account enquiries traders have, they can communicate them to the broker via phone: +678 27 502, +678 27503, and email: support@titanfx.com, support.jp@titanfx.com, which are available from market open to market close every week. You can also follow this broker on social networks such as Twitter, Facebook and LinkedIn. Company address: 1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu.
Pros & Cons
Pros | Cons |
• Multiple tradable assets, account types and funding options | • Offshore regulated by VFSC |
• MT4 and MT5 supported | • Website inaccessible |
• Regional restrictions | |
• High minimum deposit ($200) |
Frequently Asked Questions (FAQs)
Q 1: | Is Titan FX regulated? |
A 1: | No. Titan FX is offshore regulated by Vanuatu Financial Services Commission (VFSC). |
Q 2: | At Titan FX, are there any regional restrictions for traders? |
A 2: | Yes. TitanFX is unable to accept any United States, New Zealand or Vanuatu residents. Some Titan FX broker features and products mentioned within this Titan FX review may not be available to traders from specific countries due to legal restrictions. |
Q 3: | Does Titan FX offer the industry-standard MT4 & MT5? |
A 3: | Yes. Both MT4 and MT5 are available. |
Q 4: | What is the minimum deposit for Titan FX? |
A 4: | The minimum initial deposit to open an account is $200. |
Q 5: | Is Titan FX a good broker for beginners? |
A 5: | No. Titan FX is not a good choice for beginners. Not only because of its unregulated condition, but also because of its unavailable site and high initial deposit requirement. |
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