Is TitanFX Regulated? Is it safe? - TU Expert review
License is the most important document you have to consider when choosing a broker. Many traders, who would like to start working with TitanFX try to check whether it is regulated. Traders Union experts have already done that. In this article, you will learn whether TitanFX is regulated, what regulatory authorities supervise the broker and whether it is safe to work with the company in general.
Short summary about the broker TitanFX
TitanFX is a Forex and CFD broker that has served retail and institutional clients around the world since 2014. The company is regulated by the Vanuatu Financial Services Commission (VFSC, 40313), BVIFSC (2080481), FSC (GB20026097), FSA (SD138). It offers traders STP and ECN accounts with minimal execution delays, tight market spreads, and leverage up to 1:500, as well as MT4 and MT5 trading platforms.
| 💰 Account currency: | USD, EUR, JPY, and SGD |
|---|---|
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | 1:1 to 1:500 |
| 💱 Spread: | From 1.2 pips (Standard), from 0.2 pips (ECN) |
| 🔧 Instruments: | Currency pairs (70), crypto CFDs (24), commodities (5), precious metals (11), indices (21), US stocks (65) |
| 💹 Margin Call / Stop Out: | Stop out: 20% |
Pros and cons of TitanFX
👍 Advantages of trading with TitanFX:
•Wide range of trading platforms. The broker provides MetaTrader 4 and MetaTrader 5, desktop, mobile, as well as WebTrader terminals.
•Control of activities by several international regulators such as Vanuatu Financial Services Commission and The Financial Commission.
•Variety of trading instruments. Clients have access to transactions with more than 70 currency pairs, as well as CFDs on cryptocurrencies, commodities, precious metals, indices, and American stocks.
•Almost zero spreads on ECN accounts and the market average commission for a traded lot.
•Cooperation with more than 50 liquidity providers, including large international banks and brokerage companies.
•The possibility to connect to the world-famous social trading platform ZuluTrade.
•The availability of an online chat with competent operators who answer users’ questions within a couple of minutes after the request is formed.
👎 Disadvantages of TitanFX:
•Limited choice of passive income solutions. The only option available is copying trades through ZuluTrade.
•Lack of bonuses, cent, and Islamic accounts.
•High first deposit on Standard accounts. To start trading, you need to fund your balance by at least $200.
Why is it important to work with a regulated broker?
License is a document that certifies that a broker operates legally and guarantees fulfillment of its obligations to the traders. A financial license is issued by a financial regulatory authority of a country (the National Bank) or a specialized authority (for example, Securities Commission, Futures Trading Commission, etc.). It is important to choose licensed brokers for the following reasons:
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A license guarantees that the broker operates in compliance with the rules of the financial regulator that issued the document.
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In order to obtain the license, a broker must comply with certain requirements, for example, the size of the authorized capital or personnel qualification. It is simply not lucrative for scammers to comply with such requirements.
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A broker’s license provides access to real markets, and you can be sure that the quotes are real and up-to-date.
The best option is to work with a broker that holds the license of the jurisdiction, where the trader resides. You can also choose a company with a financial license of another reliable jurisdiction, for example, the U.S. or the European Union.
Is TitanFX Regulated? Broker’s license
Security (Protection for Investors)
TitanFX (legal name TitanFX Ltd) is licensed as a financial dealer under number 40313 at the Vanuatu Financial Services Commission (VFSC). This regulator is controlled by the Financial Intelligence Unit and the Reserve Bank of Vanuatu and has been monitoring the securities markets since 1993.
TitanFX is a member of Vanuatu’s non-profit and self-regulatory organizations, the Financial Center Association and Financial Markets Association. In 2021, the broker became a member of The Financial Commission, an independent international organization created to resolve disputes between Forex brokers and their clients. Thanks to TitanFX’s membership in FinaCom, its clients have access to the Compensation Fund’s protection of up to €20,000 per complaint.
👍 Advantages
- Client funds are kept in segregated accounts with leading banks of the world
- Clients are protected from negative balance
- The company guarantees the fast, simple, objective, and transparent resolution of all disputes
👎 Disadvantages
- To receive compensation from FinaCom, a trader must file legal action against the broker
- Verification is required before making a deposit
- Customers from some jurisdictions cannot make payments through e-wallets
Brokerage fees
Broker’s regulation is the most important choice criterion. However, before you start working with the broker, it is also important to analyze its commissions and fees. TU analysts have studied the commissions and fees charged by TitanFX, which you can see below.
The experts at the Traders Union have carefully studied the conditions of TitanFX and found that the broker only charges trading fees. Its clients do not pay commission for account maintenance, lack of trading activity, deposit, or the withdrawal of funds. TitanFX holds the spread as a fee for trading on STP Standard accounts, and spread + commission per lot for $3.5 in both directions on Blade ECN accounts.
| Account type | Spread (minimum value) | Withdrawal commission |
| Standard Account | from $12 | No |
| Blade Account | from $2 | No |
Brokers that are similar to TitanFX
Many brokers operate legally, obtaining relevant licenses and permissions. However, when choosing a broker, it is important to compare their trading conditions. TU experts have prepared a comparative analysis of TitanFX conditions with its closest competitors.
Comparison of TitanFX with other Brokers
| TitanFX | RoboForex | Pocket Option | Exness | Vantage Markets | Deriv | |
|---|---|---|---|---|---|---|
Trading platform |
MT4, MT5, WebTrader |
MT4, MT5, R MobileTrader, R StocksTrader, R WebTrader |
Pocket Option, MT5, MT4 |
Exness Trade App (mobile), Exness Terminal (web), MetaTrader5, MetaTrader4 |
MT4, MT5, WebTrader, Mobile Apps |
Deriv bot, Deriv MT5, Derivix, Deriv Trader, SmartTrader |
Min deposit |
$200 |
$10 |
$5 |
$10 |
$50 |
$5 |
Leverage |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
From 1:1 |
Trust management |
No |
No |
No |
No |
No |
No |
Accrual of % on the balance |
No |
No |
No |
No |
No |
1.00%% |
Spread |
From 0.2 points |
From 0 points |
From 1.2 point |
From 1 point |
From 0 points |
From 0 points |
Level of margin call / stop out |
No |
No |
No |
No |
No |
No |
Execution of orders |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution, Instant Execution |
Market Execution |
Market Execution |
No deposit bonus |
No |
No |
No |
No |
No |
No |
Cent accounts |
No |
Yes |
No |
No |
No |
No |
TitanFX is a broker for active trading with your own funds and copying trades, which is suitable for experienced traders and professionals who prefer to work on ECN accounts with minimal spreads.
The minimum deposit in RoboForex is $10. Leverage up to 1:2000. Traders choose RoboForex for reliability, favorable trading conditions, minimum spreads, and commission fees. The company is recommended for beginner traders and experienced investors.
Pocket Option offers a wide range of trading instruments and copy trading services. It constantly improves its service quality and expands the list of assets and trading platforms. The broker is suitable even for novice traders without significant capital due to the low initial deposit. Experienced traders who work with CFDs and binary options can also use Pocket Option’s services.
Exness broker is a trusted broker partner that is compliant with all relevant terms. Exness complies with all payment obligations and pays money earned.
Vantage Markets is a broker that is a real catch for traders who prefer ECN trading.
Deriv is a broker for beginners and professional traders who prefer to make trades on their own, as well as use auxiliary programs for more efficient trading.
Conclusions
TitanFX cannot be considered absolutely reliable. The broker operates on a license of an offshore regulator. This creates certain risks regarding security of your funds. The broker has a good reputation. However, you can work with companies with an offshore regulation only at your own risk.
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FAQ
How difficult is it to obtain a brokerage license?
The procedure for obtaining a license differs depending on the jurisdiction, but it is very difficult and expensive to get the document in a reliable jurisdiction. This is why only reliable brokers obtain licenses.
Why is it not recommended to work with offshore brokers?
Offshore brokers have to meet minimum requirements for obtaining a license and reporting, which is why often scammers get such licenses.
Can an offshore broker be reliable?
Yes, although there are not many of such brokers. There are brokers with a good reputation, but with an offshore license. You still need to be very cautious when working with such companies.
How do I check a broker’s reputation?
In order to check a broker’s reputation, you need to read user reviews. However, it is recommended to only use independent websites for that.
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Team that worked on the article
Mikhail Vnuchkov joined Traders Union as an author in 2020. He began his professional career as a journalist-observer at a small online financial publication, where he covered global economic events and discussed their impact on the segment of financial investment, including investor income. With five years of experience in finance, Mikhail joined Traders Union team, where he is in charge of forming the pool of latest news for traders, who trade stocks, cryptocurrencies, Forex instruments and fixed income.
Olga Shendetskaya has been a part of the Traders Union team as an author, editor and proofreader since 2017. Since 2020, Shendetskaya has been the assistant chief editor of the website of Traders Union, an international association of traders. She has over 10 years of experience of working with economic and financial texts. In the period of 2017-2020, Olga has worked as a journalist and editor of laftNews news agency, economic and financial news sections. At the moment, Olga is a part of the team of top industry experts involved in creation of educational articles in finance and investment, overseeing their writing and publication on the Traders Union website.