Abstract:Titan FX is a New Zealand-based online ECN Forex and CFD broker and currently holds a retail forex license from the Vanuatu Financial Services Commission (license #40313).
General Information & Regulation
Titan FX is owned by Titan FX Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license, with license number 40313.
Market Instruments
Titan FX offers investors access to over 70 pairs of Forex currency pairs, commodities, precious metals, and index CFDs. Tradable assets on the Titan FX platform is pretty average, and many other brokers offer a wider variety of products.
Minimum Deposit
Titan FX offers two different types of trading accounts for investors: the Zero Standard Account and the Zero Blade Account. Both accounts require a minimum deposit of $200, which seems affordable for most regular traders to get started.
Titan FX Leverage
In respect to trading leverage, the maximum trading leverage offered by Titan FX is up to 1:500, which is considered high. Inexperienced traders are advised not to use such high leverage level as it is too risky.
Spreads & Commissions
Titan FX's Zero Standard account has a spread of 1.1 pips on EURUSD with no additional trading commissions. The Zero blade account has a EURUSD spread of 0.1 pips and a commission of $3.50 per standard lot (one side).
Titan FX Trading Platforms
Titan FX offers traders the most popular MT4 trading platform available today, as well as MT4 PC, MT4 Mobile, and MT4 Web. The MT4 trading platform features powerful charting tools, a large number of custom technical indicators, an extensive backtesting environment, and a range of expert advisors that support automated trading and can help traders create their own trading strategies.
Deposit & Withdrawal
Titan FX supports traders to deposit and withdraw funds to and from their investment accounts via credit/debit card, wire transfer, Skrill, and Neteller payment methods; Titan FX does not charge any commission for deposits.
Accepted Regions
TitanFX are unable to accept any United States, New Zealand or Vanuatu residents. Some Titan FX broker features and products mentioned within this Titan FX review may not be available to traders from specific countries due to legal restrictions.
Customer Support
The Titan FX client support service can be reached no matter what general, technical or account enquiries traders have, they can communicate them to the broker via live chat, phone, and email, which are available from market open to market close every week.
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Company summary
Company Profile
Founded in 2005 by a group of turnkey professionals with years of experience in financial services, IFX offers a complete range of banking business process services through a modern API-driven and web-based platform. IFX provides a market-leading liquidity market management system, as well as flexible payment and foreign exchange solutions that can be applied to any business type. Traders can take advantage of the speed, collaboration, and specialization to build payment and collection solutions that work for them. IFX holds a payment license from the FCA in the UK (license number: 900517) and a general finance license from the Dubai Financial Services Authority (license number: F001814).