Tallinex Review

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Company Information Tallinex is an Estonian online Forex trading platform that has been in operation since 2012. The brand is owned by Tallinex Ltd. and is one of the largest… more

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Website URLhttps://www.tallinex.com/
HeadquartersKingstown, St Vincent and the Grenadines
Support Number+44-203-514-2400
Support Emailinfo@tallinex.com
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish, Russian
Minimum 1st Deposit$100
Minimum Trade Amount0.01 lots
BonusUp to 100%
PayoutUp to 1,000:1
Free Demo AccountYes
Regulated Yes
RegulationFinancial Services Authority (FSA) in St Vincent and the Grenadines
Account TypesECN-Micro, ECN-PRO, PRO-Managed
Deposit MethodsWire Transfer, Visa, MasterCard, Neteller, Skrill, Trustly
Withdrawal MethodsWire Transfer, Visa, MasterCard, Neteller, Skrill, Trustly
Types of AssetsForex
Account CurrencyEUR, USD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

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Company Information

Tallinex is an Estonian online Forex trading platform that has been in operation since 2012. The brand is owned by Tallinex Ltd. and is one of the largest companies in Estonia. The broker is fully certified and registered. The company operates under the authority of the FSA (St. Vincent and Grenadines) and is registered with EMEAC. Despite their short history, the company has already established a stable relationship with many clients from all over the world. The reputation of Tallinex is that of a trustworthy, safe and honest broker. Attracting many of the HNW clients brought a lot of fame to the company, and they even improved their services and trading conditions. With tempting spreads and competitive commissions Tallinex has become one of the top ranking online brokers in just under four years. Let’s see what this broker offers and why so many clients recommend it.


Trading Information

Tallinex currently offers three types of accounts. The ECN-Micro, the ECN-PRO and the PRO-Managed. The ECN-Micro is suitable for beginner traders who would like to get a taste of the platform and make some money along the way. The minimum account size for this option is $100. Spreads are variable and can go as low as 1.8 pips for EUR/USD. The average spread for this major is 2.5 pips. Minimum trade size and the minimum increment are 0.01 lots. Margin call level is at 150%, and the stop-out level is at 100%. Hedging is allowed, and there is no dealing desk. The maximum leverage is very flexible and can go from 1:1 to 1:1000. But if you want it to be higher than 1:400 you will have to undergo an assessment from the company representatives. The ECN-PRO is the upgraded version of the Micro account and brings a lot of nice features. The minimum deposit requirement is $2000, and minimum account position is 0.1 lots. The spreads are very tight and can start from 0.00 pips for major. The average spread for EUR/USD is 0.6 pips. The margin call and stop out levels are the same. Maximum leverage for the pro account is 1:500 but everything above 1:200 is subject to assessment. The ECN commission is $6 for 100 000 round turn. Last but not least is the PRO-MANAGED account option. It offers a fully optimized trading experience where all of the trading is done by an assigned money manager of your choice. It’s not mentioned on their website how much does it cost, but you can use this option with the Micro and Pro account features.


Trading Platforms

The trading platform chosen by the people from Tallinex is non-other than the famous Metatrader4. Its popularity is still at the highest level even after so many years of usage in the industry. It offers great features and over 250 trading instruments. It supports many languages and is easy to use even from novice traders. Trading from the chart and signals is supported. Also, there is an automated trading option. It has more than 50 built-in indicators and automated alerts. Single click trading and pending orders are also available. The mobile versions of the platform can be used with every modern smartphone or tablet. They are available for download at the Google Play and Apple app stores. One thing that is missing here is a WebTrader platform. Many brokers nowadays manage to provide at least some type of a browser-based platform, but this is not the case with Tallinex. If you want to trade with the platform, you’ll have to download and install the MT4 on one of your devices.


Security and Customer Services

Security at Tallinex is at a very high level, and many traders have reported it as a trustworthy broker. The SSL encryption on their website protects your personal data and makes it available only to the company’s representatives. The option of a segregated account is a must these days, and Tallinex has provided it. Being a fully licensed online broker leaves no doubt that the company has taken care of every problem beforehand. The customer support is excellent. There are plenty of ways to contact the customer support, and they have a 24/7 coverage (you might want to double check on that). You can send a ticket, contact them through an email or use the Live Chat support system. There is also a dedicated phone number and a postal address located in London, UK.  A very thorough FAQ page is there to answer the most asked questions. You can also contact the company representative through their social media profiles in Facebook, YouTube, and Twitter. The website is translated into three languages, and there is support for all of them.


Deposits and Withdraws

There are many ways you can use to fund your Tallinex account. Most of them are regular, but digital wallets are also accepted. Processing times are very quick with most of them being instant and other taking two business days tops. There are no deposit fees mentioned on their website which usually means there are none. The minimum deposit requirement for all methods is $100, and the maximum depends on the method used. Withdrawing funds are also easy you’ll just have to fill in the withdrawal requirements and the amount of money you want to withdraw. Most of the methods don’t have charges, but there are for Bank Wire (from 20 Euros or 25 US dollars). Withdrawals are processed within 24 hours but sometimes you’ll have to wait for a couple of days before you receive the money into your account.


Deposit Bonus and Loyalty Programs

Tallinex offers a grand Bonus Scheme where you get 100% Bonus on every deposit you make. To make the deposit withdrawable, you’ll have to trade a particular volume that is described as “moderate and achievable” by the website owners.

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