TitanFX Review 2024
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- MT4
- MT5
- WebTrader
- BVIFSC
- FSC
- FSA
- VFSC
- 2010
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
- $200
- MT4
- MT5
- WebTrader
- BVIFSC
- FSC
- FSA
- VFSC
- 2010
Our Evaluation of TitanFX
According to our idea, the TU Overall Score indicator should answer the biggest question of all: “Can I trust this broker with my money?”. The scores range within 0.01 – 9.99 (the higher the indicator the more trust the broker has). More details
TitanFX is a broker with higher-than-average risk and the TU Overall Score of 4.41 out of 10. Having reviewed trading opportunities offered by the company and reviews posted by TitanFX clients on our website, Traders Union expert Anton Kharitonov recommends users to consider a more reliable broker with better conditions, as, according to reviews, many clients of this broker are not satisfied with the company’s work.
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.
Brief Look at 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.
- 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.
- 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.
TU Expert Advice
Financial expert and analyst at Traders Union
The TitanFX exchange is a relatively young broker, as it has been operating since 2014. It is registered offshore and is regulated by the VFSC, Vanuatu’s main regulator. However, in 2021, the company also became a member of the international Financial Commission, so its clients now have their deposits protected by the Compensation Fund. But it should be borne in mind that in the event of TitanFX’s bankruptcy, cryptocurrency traders will not be able to receive compensation.
The residents or citizens of the USA, Australia, Canada, New Zealand, North Korea, Iran, Vanuatu, and some other countries specified in the so-called FATF Blacklist cannot become the clients of this broker. This should be taken into account when considering a broker as an intermediary in the Forex market. Traders from other jurisdictions, depending on trading opportunities and preferences, can open STP and ECN accounts. The minimum deposit for both types of accounts is USD 200, the maximum leverage is 1:500.
TitanFX does not provide bonuses to its clients. In addition, the referral programs are designed not for retail traders, but for companies and brokerage firms. Representatives of TitanFX explain the absence of bonuses and additional ways to earn money by the fact that the management strives to provide traders with the best trading conditions, and not to impose bonuses, which will have to be worked out in the future.
TitanFX Summary
| 💻 Trading platform: | МТ4 (desktop, mobile), МТ5 (desktop, mobile), WebTrader |
|---|---|
| 📊 Accounts: | Demo, МТ4, Demo, МТ5, Standard STP account, Blade ECN account |
| 💰 Account currency: | USD, EUR, JPY, and SGD |
| 💵 Replenishment / Withdrawal: | Credit cards Visa, Mastercard are for clients of all jurisdictions, STICPAY, bank transfer and bitwallet are for residents of certain countries, AMEX is only for funding |
| 🚀 Minimum deposit: | $200 |
| ⚖️ Leverage: | 1:1 to 1:500 |
| 💼 PAMM-accounts: | No |
| 📈️ Min Order: | 0.01 |
| 💱 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% |
| 🏛 Liquidity provider: | More than 50 major banks, including JPMorgan Chase, BNP Paribas, HSBC, Bank of America, Goldman Sachs, Nomura Holdings, Inc |
| 📱 Mobile trading: | Yes |
| ➕ Affiliate program: | Yes |
| 📋 Orders execution: | Market execution |
| ⭐ Trading features: | You can trade cryptocurrencies, scalping and hedging are allowed, you can use an automated expert advisor |
| 🎁 Contests and bonuses: | No |
TitanFX clients have access to over 190 financial instruments, trading via MetaTrader4 and 5 from Standard STP and ECN accounts. The size of the first deposit is $200. In the future, the account can be funded with any amount, but it should be borne in mind that the minimum payment through STICPAY is $30. The maximum leverage is 1:500, however, with such a high level, you can only trade currency pairs, commodities, and precious metals. TitanFX withholds swap fees, and Islamic accounts are not available.
TitanFX Key Parameters Evaluation
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Trading Account Opening
To create a personal account within the TitanFX website, you first need to register with the broker. This procedure consists of the following stages:
After going to the official website of the company, you need to select the interface language, and then click Open a live Account.
In the registration form that opens, you need to specify your email address, as well as come up with or generate a strong password.
Next, you should select the account type (Standard/Blade), trading platform (MT4/MT5), leverage (from 1:10 to 1:500), and account currency (USD/EUR/JPY/SGD).
On the form, you have to indicate your name, surname, phone number, date of birth, residence address.
After confirming the email by clicking the link that the system sends to the specified email address, you need to log in to your personal account.
In the TitanFX’s personal account, the client has access to:
Also, the functionality of the personal account allows a trader to:
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Get quick access to information from the Help section.
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Transfer funds between your trading accounts.
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Generate reports on the referral program.
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Track trading statistics.
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View account statements.
Regulation and Safety
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
Commissions & Fees
| Account type | Spread (minimum value) | Withdrawal commission |
|---|---|---|
| Standard Account | from $12 | No |
| Blade Account | from $2 | No |
There are swaps (commission for moving a position to the next day).
Also, Traders Union’s specialists have calculated the average commission for trading with TitanFX and other popular Forex brokers. A comparison of the trading fees of the three companies is presented in the table.
| Broker | Average commission | Level |
|---|---|---|
|
$7 | |
|
$1 | |
|
$8.5 |
Account Types
TitanFX offers 2 types of accounts (STP and ECN) with a minimum deposit of $200 (or the equivalent in euros, yen, or Singapore dollars). The available leverage depends on the asset being traded and ranges from 1:1 to 1:500.
Account types:
The broker also offers demo accounts for MT4 and MT5, which completely copy the conditions of real accounts. Each demo account is valid for 30 days and allows trading with $50,000 of virtual funds.
TitanFX offers accounts for both experienced traders who prefer ECN technology, and for beginners who are keen to work with standard accounts.
Deposit and Withdrawal
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All clients of the broker, regardless of the country of registration, can withdraw funds to Visa and Mastercard credit cards. STICPAY withdrawals are available for traders outside the UK and EEA. Residents of Japan can use a local bank transfer to an account at a local financial institution. The broker also cooperates with bitwallet, but withdrawal by this method is not available for citizens of certain countries, including the United States and Great Britain.
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Available withdrawal currencies depend on the selected withdrawal method.
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The priority withdrawal method will be the one used by the client for account funding. For example, a trader deposited $30 using a card. When requesting a withdrawal of $100, the broker will transfer $30 to the card, and the remaining $70 can be withdrawn by the method chosen by the client.
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After the approval of the withdrawal application, the money is credited to the cards within a week, to STICPAY and bitwallet immediately, and to an account in a Japanese bank in 2-3 days.
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The broker does not withhold a withdrawal fee, but payment systems and banks serving accounts and cards can charge it.
Investment Programs, Available Markets and Products of the Broker
TitanFX does not offer fiduciary accounts, which shows that it is aimed at active traders. However, the company did try to satisfy the needs of investors who prefer passive strategies. For retail traders, the broker provides access to the third-party social trading platform ZuluTrade. TitanFX offers institutional clients several types of referral programs from which to receive additional income.
Retail investments using trade copying via ZuluTrade for clients of TitanFX
Traders who prefer to copy other people’s trades rather than trade on their own can connect to the ZuluTrade platform. To do this, you need to visit the website zulutrade.com, select the appropriate tariff plan (Profit Sharing or Classic), open an account, and then link it to your TitanFX account. After making a deposit of $200, you need to select a trader to copy and connect to his account. The terms of ZuluTrade tariff plans are:
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Profit-Sharing. The investor pays the platform $30 monthly for a subscription + 25% of the profit received, but at the same time trades with zero commissions. This account type is recommended for traders who prefer fully automated trading.
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Classic. An account for advanced investors who copy trades manually or use custom settings for auto trading. The size of the commission for using the platform, in this case, depends on the trading volume and is $20 per lot.
Even before connecting a ZuluTrade account to TitanFX, a potential investor must decide on a trading strategy, since the size of trading commissions will depend on the choice of the account type (for copying in automatic or manual mode) in the future. It’s worth noting that ZuluTrade offers demo accounts for training and TitanFX does not charge for using the platform.
If you are a large investor and plan on investments over $10,000, contact us at vip-invest@tradersunion.com or by the feedback form on our website. Our professional team will take you through all the intricacies of the deal and all the steps from signing up to withdrawal of profits.
TitanFX’s affiliate program:
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Introducing Broker. A partner registered as an IB receives a permanent commission for the trades of attracted traders. The amount of the partner reward depends on the trading volume of the connected clients.
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Regional Partnerships. A partner promotes TitanFX services in a specific region or country, taking into account the local specifics of regulation and functioning of the Forex market. The profit in this case is the spread withheld from local clients.
TitanFX referral programs target institutional clients such as financial companies and small brokerage firms. Retail traders who are focused on trading, rather than providing brokerage services as an IB or representative, are deprived of the opportunity to earn additional income for attracting new clients to the company.
Customer Support
The broker’s support representatives are available via live chat or telephone 24 hours a day, Monday through Friday.
Advantages
- Chat operators respond within 1-2 minutes
- Support is available in English and Japanese
Disadvantages
- Days off on Sunday and Monday
- Email replies come within one business day
TitanFX provides the following communication channels for its clients:
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live chat;
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direct call to the phone numbers specified in the Contact section;
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email request;
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a ready-made contact form by email.
You can ask a question in online chat even without being a client of the company.
Contacts
| Foundation date | 2010 |
|---|---|
| Registration address | Titan FX Limited, 1st Floor, Govant Building, Kumul Highway, Port Vila, Vanuatu |
| Regulation | BVIFSC, FSC, FSA, VFSC |
| Official site | https://titanfx.com/ |
| Contacts |
+1 (206) 745-5058
|
Education
On TitanFX’s website, all training materials are collected in two blocks: Forex Basics and FAQs. Forex Basics is not organized as a separate section, and to find it, you need to click on the News button. In total, there are 14 educational lessons on the site. They are compiled by the company’s chief financial expert and professional trader Aayush Jindal.
Traders who want to move from theory to practice without risking money can open a demo account. Its conditions are similar to those offered by real accounts, but it is impossible to lose funds since trading with a demo is conducted using virtual funds.
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 | $1 |
| Leverage |
From 1:1 to 1:500 |
From 1:1 to 1:2000 |
From 1:1 to 1:1000 |
From 1:1 to 1:2000 |
From 1:1 to 1:500 |
From 1:1 to 1:1000 |
| 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 / 20% | 60% / 40% | 30% / 50% | No / 60% | 100% / 50% | 100% / 50% |
| 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 |
Detailed Review of TitanFX
TitanFX offers a wide variety of Forex assets. Its clients can trade 70 currency pairs (majors, minors, crosses, exotics), 24 pairs of crypto majors and crypto minors, and 21 stock indices including NAS100, JPN225, GER30, CN50, US2000, and AUS200. You can also trade crude oil, gas, gold, silver, platinum, and palladium through a broker with up to 1:500 leverage. TitanFX offers CFD trading on major Nasdaq and NYSE shares in the US with low exchange spreads and Direct Market Access (DMA).
TitanFX by the numbers:
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It has provided online Forex trading services for over 7 years.
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It collaborates with over 50 liquidity providers.
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The structural divisions of the company are located in 6 cities in 5 countries.
TitanFX is a broker that offers retail traders an infrastructure previously only available to institutional clients
The use of ZeroPoint technology allows TitanFX to achieve dynamic liquidity aggregation and ultra-fast execution at the best price without requotes. The company has multiple data centers in the United States, Asia, and Singapore. Its servers are located in the Equinix NY4 financial center (New York), which is an integral part of the infrastructure of major exchanges, banks, and brokerage companies specializing in high-frequency trading (HFT). Thanks to partnerships with a large number of liquidity providers and the use of artificial intelligence in pricing, TitanFX offers virtually zero spreads on ECN accounts.
The broker’s clients can trade through the most popular platforms among Forex terminals, like the MetaTrader 4 and MetaTrader 5. Trading applications are available not only for PCs, laptops, and Macs but also for phones and tablets based on Android, iPhone, and iPad. Clients can also use WebTrader, which works through a browser and does not require installation.
Useful services of TitanFX:
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Market analysis. Demo and live account holders can subscribe to receive market analysis reports from Senior Strategist Aayush Jindal. New reports are generated every weekday.
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FAQs. A section with answers to frequently asked questions about the broker’s conditions, the use of trading platforms, and the algorithm for opening an account.
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Spread indicator. On the company’s website, in the Download Center section, you can download an indicator that, after being installed on MT4, will display the current spread in a chart window.
Advantages:
The broker allows you to practice trading on a demo account before opening a real account.
TitanFX clients’ trades are placed directly with liquidity providers through direct data servers within the Equinix financial data center.
Traders get access to transactions with over 190 Forex financial instruments.
Negative balance protection is active.
Customer funds are held separately from the company’s money in segregated bank accounts.
The broker does not prohibit scalping, hedging, or the use of automated expert advisors during trading.
Clients can simultaneously hold up to 200 positions open, including limit and stop orders.
User Satisfaction