Independent rating of Forex broker Titan FX

About company

Titan FX was established in 2014 to provide high-quality intermediary services without a dealing center to a global customer base. The broker is owned by TI Securities Limited and regulated by the VFSC, the Vanuatu Financial Services Commission. Titan FX works with both retail and institutional clients worldwide. The broker's headquarters are located in Port Vila, the capital of Vanuatu. The company frequently consults with stakeholders such as regulators, banks, and other members of the financial services industry to ensure business integrity and customer security. Titan FX also liaises with experienced service providers from Singapore, the United States, Australia, the United Kingdom, and India. Not long ago, the broker was known by another trading name - TitanFX Ltd, registered as a financial services provider in New Zealand and regulated by the Financial Markets Authority. For some reasons, the company shifted its main headquarters and registered in Vanuatu. This is an offshore zone where the requirements for brokers are not so strict as those in New Zealand. For example, the brokerage firm in Vanuatu must have capital in the amount of $2,000 and $9,000 to get a license. In New Zealand, the capital must be at least $1,000,000. Of course, the fact that the broker is registered in the offshore zone is not a reason to exclude any possibility of cooperation with it. However, we advise you to be as careful as possible when working with such companies and scrupulously study the feedback of traders before opening an account.

Trading conditions

• more than 70 currency pairs, commodities, precious metals, and CFDs on indices
• two trading account types
• STP and EC-execution
• demo account
• commission
• Islamic, MAM, and PAMM accounts
• hedging
• three trading platforms, including MT4
• expert advisors
• daily market analysis and economic news
• contests
• personal manager

Trading platform

Titan FX offers its clients a choice of three trading platforms: MetaTrader 4, MetaTrader5, and Webtrader. The MetaTrader 4 trading platform was created to give both experienced and novice traders an advantage in trading by offering live quotes, real-time charts, in-depth news, and many other features that improve trading conditions. The broker pinpoints "a key feature and part of the success of MT4 is the availability of the bespoke MetaTrader programming language – MQL." It enables traders to easily set their own indicators and expert advisors. MQL also allows full customization, including advanced charts.

Key features of MT4:

• secure trading
• real-time data export via DDE protocol
• unlimited amount of charts
• free demo account

The MT4 trading platform is compatible with PC, iOS, Mac, Android, and as a web application.

MetaTrader 5 is an all-in-one platform created based on the experience of MetaTrader 4. The platforms are quite similar but the developers have made changes to MT5 that improve the user experience and open up new areas for technical analysis.

Key features of MT5:

• faster performance compared to MT4
• large array of built-in tools for technical analysis
• one-click trading
• improved strategy tester for expert advisors
• hedging

Titan FX's own Webtrader platform is a full-featured yet lightweight forex trading platform that runs in the web browser of any modern device. Webtrader is fully integrated with the MetaTrader 4 account and it does not require additional credentials. Webtrader is available in web browsers, e.g. Chrome, Internet Explorer, Firefox, and Edge.

Key features of Webtrader:

• opportunity to open/close deals
• direct order placement
• one-click trading
• lack of installation requirements
• tight integration with the MT4 account

Support service

The customer service is available 24/5. Clients can contact the company's managers by the phone numbers provided on the official website, as well as by email, and live chat. Sometimes the broker publishes news on its Facebook, LinkedIn, and Twitter accounts.

Traders’ reviews

On the web, there are many controversial reviews about Titan FX. Some traders praise the company for creating excellent trading conditions and platforms for trading, as well as for the opportunity to quickly withdraw money. However, some clients complain about constant losses.

Advantages:

• demo account
• high leverage
• low spreads
• МТ4
• wide array of trading instruments
• STP and ECN execution
• hedging
• Islamic, MAM, and PAMM accounts
• expert advisors
• personal manager

Disadvantages:

• offshore broker
• high minimum deposit
• commission
• lack of training materials for beginners