TitanFX Review

MIN. DEPOSIT $200
Up to 500:1
Free VPS BONUS
0 Users (0 votes)
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Overview

Company Information Titan FX is one of the new names in the online brokerage industry and has still to prove that the services it offers are good enough to rival… more

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Details

Broker TitanFX
Website URL https://titanfx.com/
Headquarters Auckland, New Zealand
Support Number +64 9 950 8902
Support Email support@titanfx.com
Support Types Phone, Live Chat, E-mail
Languages English, Chinese, Japanese, Spanish
Minimum 1st Deposit $200
Minimum Trade Amount 0.01 lots
Maximum Trade Amount 100 lots
Bonus Free VPS
Payout Up to 500:1
Free Demo Account Yes
Regulated Yes
Regulation New Zealand Financial Services Provider (NZFSP)
Account Types Zero Blade ECN Account, Zero Standard STP Account, Titan Swap Free (Islamic) Account
Deposit Methods Visa. MasterCard, Neteller, Skrill, Wire Transfer, Broker to Broker Transfer, Local Bank Transfer (Japan)
Withdrawal Methods International Bank Wire Withdrawal, Credit Card Withdrawal, Neteller, Skrill
Types of Assets Forex, Commodities, CFDs, Precious Metals, Energy
Account Currency USD, JPY, AUD, SGD, EUR
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes

Full Review

Company Information

Titan FX is one of the new names in the online brokerage industry and has still to prove that the services it offers are good enough to rival the bigger names. The brand is owned by Titan FX Limited, and its headquarters are located in New Zealand. The company was created in 2013, and they launched their online brokerage services in 2014. Titan FX offers a very neatly organized website where you can find everything you need with just a few clicks. The design is intuitive, and from the first page, you can inform yourself of the spreads offered and trading instruments supported. Titan FX has made an effort to acquire a license from the FSP in New Zealand which makes the fully regulated entity. This is an ECN/STP broker which means that professional and beginner traders can choose their preferred type of trading. With low spreads and good customer support, Titan FX can offer a lot of benefits to people who decide to do business with it. Let’s see what trading instruments and features does the platform offer.

Trading Information

As we’ve already mentioned the company has two account types you can choose. The first is the Zero Standard account that has a variable spread. The minimum spread offered is 0.1 pips for EUR/USD, and the average is 1.1 pips. Maximum leverage is set to 1:500. There is no commission on trades, and the standard position size is 0.01 lots. With over 70 currency pairs this account is suitable for beginner and advanced traders. The minimum deposit requirement for the Zero Standard account is $200. The Zero-Blade account is an ECN type suitable for advanced and expert traders. It has the same deposit requirement and offers the same leverage of 1:500. The minimum spread for EUR/USD is 0.00 pips and the typical is around 0.1 pips. However, there is a $3.50 commission per standard lot. All trading styles are allowed which means that hedging and scalping are available. Trailing stop, pending orders, one-click trading and automated trading are also supported. Swap-free accounts are available for Islamic clients.

Trading Platforms

It’s not a surprise that the chosen platform for Titan FX is the Metatrader4. It is the most recognized platform around the world, and millions of people have already tried. With over a decade of history, it’s the most polished platform that is practically bug-free. The MT4 is suitable for both beginner and expert traders. It offers more than 30 signals and has excellent charting capabilities. With tons of analysis tools and streaming news feed, the MT4 is an excellent choice for your daily trading. It’s suitable for Windows and Mac desktop computers and only needs a download and installation. It works with both Apple and Android mobile devices. Titan FX knows that a trader has to be flexible and doesn’t have the time to download and install stuff on every device he knows. That’s why they have made the Web Trader platform. It gives you the opportunity just to log in from your browser and start trading without any additional hassle.

Security and Customer Services

Security at Titan FX is top notch. The company has made an effort to implement a secure SSL protocol that protects your personal data. The segregated account option offered by Titan FX ensures that your money is deposited in a top tier bank and kept separate from the company’s funds. As far as customer support is concerned, the company has made the right choice of providing many contact methods. There are phone and fax numbers; you can also use the online form. Email accounts for different departments are also available on their website. The live chat support system works 24/5 to help you with your questions. The website is translated into four languages English, Chinese, Japanese and Spanish. However, support is available only in Japanese and English. Postal addresses of the offices in New Zealand and St. Vincent and the Grenadines are also available. There are a lot of educational resources for beginner traders on their support page.

Deposits and Withdraws

Depositing funds into your Titan FX is hassle free and doesn’t require any special knowledge. The currencies you can fund your account with are USD, AUD, JPY, SGD, and EUR. You can also fund your account with other currencies, but they have to be converted to one of the mentioned above. Deposit processing times are from instant to an hour during business days. Titan FX doesn’t charge any internal fees for deposits. To withdraw funds from your account, you can use the method you’ve deposited them or choose another one. There are no withdrawal fees except for the Bank wire and NETELLER banking method where you have to pay 3,5% tax for every amount you’re withdrawing. It’s also the fastest method while the other will take up to 7 business days. Titan FX supports the Anti-Money Laundering policy and doesn’t accept payments from third parties. This means that all money transfers should be done using the same name as the Titan FX account.

Deposit Bonus and Loyalty Programs

Currently, Titan FX doesn’t offer any deposit bonuses or loyalty programs. But there is an affiliate program you can join. There are also other partnership opportunities that you can take advantage of if you’re interested. Positions as money managers, regional partners or introducing brokers are available for people looking to make a living from trading.

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