Titan FX is an online broker that has been operating since 2014, and offers forex and CFDs in an ECN or STP environment that provides traders with competitive costs and leveraged trading as large as 500:1.
The broker is fully regulated by both the Vanuatu Financial Services Commission (VFSC) and the Financial Services Commission of Mauritius (FSC). Its core leadership team is based in Vanuatu's capital city of Port Vila, from where they manage a global workforce as well as strategic partnership such as a direct ECN and exchange liquidity centre in the heart of New York.
Titan FX clients can take advantage of the award-winning MetaTrader 4 and MetaTrader 5 platforms while trading a variety of assets that include forex, cryptocurrencies, commodities, precious metals, indices, and U.S. stocks.
Given the fairly long history of the broker they are obviously doing something right, and that deserves a closer look at the details of the broker's programs.
While Titan FX is regulated in offshore jurisdictions, this means they are subject to local regulation, which requires them to maintain a secure and responsible trading environment for their clients in accordance with global standards.
With licences in two different jurisdictions and a substantial economic presence in Vanuatu, Titan FX is evidently a firmly established business from which it is reasonable to expect increased security when it comes to trading capital.
One notable effort by Titan FX to protect traders has been to gain membership in The Financial Commission, an independent organization that specializes in regulating disputes between brokers and traders working on the Forex and CFD markets.
There are two primary account types offered by Titan FX, plus a corporate account and a demo account. The two account types are distinguished by the processing and fee structures. The first is the Zero Standard account that features institutional level STP technology to provide interbank spreads. There are no commissions with the Zero Standard account, and spreads begin as low as 1 pip.
The other account type is the Zero Blade account, which is an ECN account that offers spreads as low as 0 pips, but offsets that with a small commission on each trade. With such low spreads the Zero Blade account is ideal for EA traders, scalpers, and even day traders. Otherwise, the accounts share the same trade sizes, leverage caps, and minimum deposit requirements.
Zero Standard Account
Zero Blade Account
Titan FX offers both the MetaTrader 4 and MetaTrader 5 platforms, which are arguably among the most popular in the forex and CFD communities. MT4 is the original platform and was designed to be the best available for forex trading. MT5 was released later and is intended as an upgrade that is designed more specifically for CFD trading. MT5 has all the same features as MT4, but in many cases these are enhanced or extended. The EA strategy tester is improved, there are more analysis tools, and the number of order types has been increased.
In addition to FX trading, Titan FX offers CFD trading in precious metals, commodities, indices, U.S. stocks and cryptocurrencies. Over 300 different assets are available, including more than 60 forex pairs (traders can choose from majors, minors, and exotics), platinum/silver/gold pairs, oil and natural gas pairs, 21 index CFDs, 100 U.S. stock CFDs, and 34 cryptocurrency pairs (those two last categories are limited to 20:1 leverage).
Traders can get detailed news reports that are focused on market insights and research, but there is not much in the way of educational resources available on the website. One of the most popular resources is the demo accounts, which do provide education in a more user-driven way. There is also a ‘Forex Basics’ section on the website that help beginners get started with the currency markets.
For those traders who are already experienced however, the broker has a solid offering of research tools including Market Analysis, Forex Monthly articles, and Economic News. VPS is also available for lease from the website for those who use EAs.
Like so many forex and CFD brokers these days Titan FX has customer service agents standing by 24/5. That means it is not possible to get support over the weekend. While that is fine for market related issues, there could be other questions or concerns where it would be helpful to be able to contact support over the weekend.
There is a FAQ section on the broker website that might answer your more common questions, which is helpful. Otherwise, support can be reached via online chat, email, and telephone Monday through Friday.
A test of their live chat feature went quite well. We were immediately connected to an agent, and they were both quick and helpful, answering our questions efficiently and professionally. It was an excellent customer service experience.
Titan FX seems to be a decent broker, with excellent trading conditions and high leverage options. They are also regulated in two different jurisdictions, which is always a good thing. It is also good to have a choice between MetaTrader 4 and MetaTrader 5. Plus, the choice between two account types makes it easier to decide whether you would like to go with commissions or spreads when trading.
Interestingly, we did not see any bonuses or promotions, and we were also a bit disappointed by the lack of educational material for beginners.
One bright spot was the customer service experience, which we found to be excellent.
Overall, the experience at Titan FX is fairly positive, and there are likely some traders out there who would thrive with this broker.
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