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Forex Titan Exchange
Saint Vincent and the Grenadines|2-5 years| https://forextitanexchange.com/
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Licenses
No valid regulatory information, please be aware of the risk!
Single Core
1G
40G
Contact number
+1 (438) 266-1490
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Broker Information
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Forex Titan Exchange Trading Services LLC
Forex Titan Exchange
Saint Vincent and the Grenadines
Pyramid scheme complaint
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- It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
- The current information shows that this broker does not have a trading software. Please be aware!
WikiFX Verification
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| Maximum Leverage | -- |
| Minimum Deposit | $50,000 |
| Minimum Spread | 1.5 |
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| Maximum Leverage | -- |
| Minimum Deposit | $20,000 |
| Minimum Spread | 1.5 |
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| Maximum Leverage | -- |
| Minimum Deposit | $5000 |
| Minimum Spread | 1.5 |
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| Depositing Method | -- |
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| Maximum Leverage | -- |
| Minimum Deposit | $500 |
| Minimum Spread | 1.9 |
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| Depositing Method | -- |
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- Non-Fixed Capital(A)+(B)-(C)=(D)
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Capital
$(USD)
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Forex Titan Exchange · Company Summary
Risk Warning
Online trading is dangerous, and you could potentially lose all of your investment funds. Not all investors and traders are suitable for it. Please understand that the information on this website is designed to serve as general guidance, and that you should be aware of the risks.
General Information
| Forex Titan Exchange Review Summary | |
| Founded | 2-5 years |
| Registered Country/Region | Saint Vincent and the Grenadines |
| Regulation | No regulation |
| Market Instruments | Forex, CFDs(Stock, Cryptocurrencies, Metals, Indices, Commodities, Energies) |
| Demo Account | Unavailable |
| Leverage | 1:100 |
| Spreads | From 1.5 pips |
| Trading Platforms | Forex Titan Exchange Inc Web Trader platform |
| Minimum Deposit | From $500 to $50,000 based on account types |
| Customer Support | Phone +17372271908, Email support@forextitanexchange.com, online chat |
What is Forex Titan Exchange？
Forex Titan Exchange is an online trading platform that offers a range of financial instruments, including Forex, CFDs, stocks, cryptocurrencies, metals, indices, commodities, and energies. The company was founded between 2 to 5 years ago and is registered in Saint Vincent and the Grenadines. However, it is important to note that Forex Titan Exchange operates without regulation.
Pros & Cons
| Pros | Cons |
| • Physical office for in-person support | • Not regulated |
| • Multiple account types available | • No demo account |
| • Various trading instruments | • No MT4/5 supporetd |
| • Live chat support | • High minimum deposit |
Forex Titan Exchange Alternative Brokers
There are many alternative brokers to Forex Titan Exchange depending on the specific needs and preferences of the trader. Some popular options include:
OANDA- OANDA is a reputable broker with a user-friendly platform, competitive spreads, and access to a wide range of markets, making it a popular choice for both beginner and experienced traders.
CMC Markets- CMC Markets is a trusted broker known for its advanced trading platforms, extensive research tools, and competitive pricing, making it a preferred choice for traders seeking comprehensive market analysis and execution capabilities.
IronFX- IronFX is a reliable broker offering a diverse range of trading instruments, multiple platform options, and strong customer support, making it suitable for traders looking for a comprehensive and customizable trading experience.
Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.
Is Forex Titan Exchange Safe or Scam？
Forex Titan Exchange currently has no valid regulation. When a brokerage operates outside the regulatory boundaries or has an abnormal regulatory status, it suggests a lack of oversight and compliance with industry standards. This can increase the risks associated with trading, including the potential for fraudulent activities or the inability to seek legal recourse in case of issues or disputes.
Market Instruments
The platform provides access to the Forex market, allowing traders to engage in currency trading and take advantage of fluctuations in exchange rates. Additionally, Forex Titan Exchange offers CFDs (Contracts for Difference) on a wide range of assets, including stocks, cryptocurrencies, metals, indices, commodities, and energies. This means that traders can speculate on the price movements of these underlying assets without actually owning them.
Accounts
Forex Titan Exchange provides multiple account options to cater to different trading needs and investment levels. Here is a brief description of the various account types offered:
Classic Account: The Classic Account is the entry-level account option on Forex Titan Exchange. It requires a minimum deposit of $500. This account is suitable for beginner traders or those who want to start with a smaller investment.
Standard Account: The Standard Account is designed for traders looking for more advanced features and trading conditions. It requires a minimum deposit of $5000. This account type may offer additional benefits and potentially improved trading conditions compared to the Classic Account.
Premium Account: The Premium Account is a higher-tier account option with enhanced features and advantages. Traders opting for this account may have access to exclusive benefits, personalized services, and potentially more favorable trading conditions. The minimum deposit requirement for the Premium Account is $20000.
Ultimate Account: The Ultimate Account is the top-tier account option offered by Forex Titan Exchange. It is designed for experienced traders or those with higher investment capital. This account type may provide the most comprehensive set of features, premium services, and potentially the best trading conditions. The minimum deposit requirement for the Ultimate Account is $50000.
Leverage
Forex Titan Exchange offers a maximum leverage of 1:100. Leverage is a tool provided by brokers that allows traders to control larger positions in the market with a smaller amount of capital. Leverage is a tool provided by brokers that allows traders to control larger positions in the market with a smaller amount of capital. With a leverage ratio of 1:100, traders can potentially amplify their trading positions up to 100 times their initial investment.
Spreads & Commissions
The spreads start from 1.5 pips for the Standard Account, Premium Account, and Ultimate Account. This suggests that traders using these account types may benefit from tighter spreads, which can potentially reduce trading costs. However, it's important to note that the actual spreads may vary depending on market conditions and the specific instruments being traded.
For the Classic Account, the spread is stated to be 1.9 pips. While slightly wider than the spreads offered on the other accounts, it is still within a competitive range. Traders with the Classic Account may need to consider the slightly higher cost of trading when executing their strategies.
Regarding commissions, the provided information does not offer details about commission charges. It's possible that Forex Titan Exchange operates on a spread-only model without charging additional commissions.
Below is a comparison table about spreads and commissions charged by different brokers:
| Broker | EUR/USD Spread (pips) | Commission (per lot) |
| Forex Titan Exchange | From 1.5 pips | Variable |
| OANDA | From 0.6 pips | Variable |
| CMC Markets | From 0.3 pips | Variable |
| IronFX | From 0.7 pips | Variable |
Please note that these values are approximate and may vary depending on market conditions and the type of account you have with each broker. It's always recommended to check with the respective brokers for the most up-to-date and accurate information on spreads and commissions.
Trading Platforms
The platforms available is the Forex Titan Exchange Inc Web Trader platform. This platform is designed to be accessed directly through a web browser, eliminating the need for any software installation. It provides a user-friendly interface that allows traders to execute trades, monitor market movements, and access various trading tools and features.
The Forex Titan Exchange Inc Web Trader platform offers a range of charting tools, technical indicators, and drawing tools to assist traders in conducting thorough market analysis. Traders can customize their trading interface, set up watchlists, and receive real-time market data to make informed trading decisions. The platform also provides access to historical data, allowing traders to analyze past price movements.
Additionally, the Forex Titan Exchange Inc Web Trader platform offers order execution functionality, enabling traders to place market orders, limit orders, stop orders, and more. It may provide real-time order execution and trade confirmations to ensure efficient and transparent trading.
Mobile compatibility is another important aspect of modern trading platforms, and it's worth noting that the Forex Titan Exchange Inc Web Trader platform may also be accessible on mobile devices. Traders can potentially access their accounts and trade on-the-go using their smartphones or tablets, providing flexibility and convenience.
Deposits & Withdrawals
Forex Titan Exchange offers its clients multiple options for depositing and withdrawing funds, providing convenience and flexibility. Traders can choose from various methods to suit their preferences. Here is a brief description of the deposit and withdrawal options available:
Bank Transfer: Traders can deposit and withdraw funds through bank transfers, which involve transferring money directly from their bank account to the Forex Titan Exchange account. Bank transfers are a reliable and secure method, although the processing time may vary depending on the banks involved.
Debit & Credit Cards: Forex Titan Exchange accepts deposits and withdrawals using debit and credit cards. This option allows traders to use their Visa or Mastercard to fund their trading accounts or withdraw funds. Card transactions are usually processed quickly, offering a convenient way to manage funds.
Online Cards: The platform also accepts deposits and withdrawals using online cards. These are virtual prepaid cards or online payment solutions that can be linked to the trader's account. They provide a secure and convenient method for transactions, allowing traders to fund their accounts or withdraw funds easily.
E-Wallets: Forex Titan Exchange supports various e-wallets as a deposit and withdrawal method. E-wallets are digital wallets that allow users to store funds and make online transactions. Traders can utilize popular e-wallets like Neteller, Skrill, or PayPal to fund their accounts or withdraw funds. E-wallets offer fast and secure transactions, making them a popular choice among traders.
It's important to note that while Forex Titan Exchange provides multiple options for deposits and withdrawals, the availability of specific payment methods may vary based on the trader's location and other factors. Traders should review the platform's documentation or contact customer support to get accurate and up-to-date information on the available deposit and withdrawal methods.
Customer Service
Forex TItan Exchange provides customer service including phone +17372271908, email support@forextitanexchange.com and online chat. Also, Forex TItan Exchange has offices in several countries such as United Kingdom, United States, Australia and Switzerland.
Conclusion
In conclusion, Forex Titan Exchange is a not regulated financial trading broker that offers a range of market instruments, including Forex, CFDs, stocks, cryptocurrencies, metals, indices, commodities, and energies. The company operates without regulation and is registered in Saint Vincent and the Grenadines. While it provides access to various trading instruments and offers competitive spreads, traders should exercise caution due to the lack of regulation.
Forex Titan Exchange offers multiple account types, allowing traders to choose the one that aligns with their investment levels and trading preferences. The platform also provides the Forex Titan Exchange Inc Web Trader platform, which offers a user-friendly interface and access to essential trading tools and features.
As with any online trading platform, traders should carefully assess the risks involved and consider factors such as regulation, customer support, and overall trading conditions before making their decision. It's crucial to choose a reputable and regulated broker to ensure the protection of investments and a secure trading environment.
Frequently Asked Questions (FAQs)
| Q 1: | Can I access a demo account on Forex Titan Exchange？ |
| A 1: | Not available. |
| Q 2: | What customer support options are available on Forex Titan Exchange？ |
| A 2: | Phone +17372271908, Email support@forextitanexchange.com, online chat |
| Q 3: | What is the minimum deposit for Forex Titan Exchange？ |
| A 3: | From $500 to $50,000 based on account types. |
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