Forex Titan Exchange Review: A Close Look Into The Brokers’ Profile
You can learn about the broker’s payment options, trading platform, account types, and more by reading the thorough Forex Titan Exchange review. Delve deep into this review with us and learn how to recognize scam brokers.
Who Is Forex Titan Exchange? All About forextitanexchange.com
|Forex Titan Exchange||Reliable Broker Must Have|
|Legal name:||Forex Titan Exchange Inc LLC||Transparently displayed in the disclaimer or legal documents|
|Regulation:||Not regulated||Within your legal jurisdiction – local regulator|
|Registered at:||187 Loughborough Rd, Nottingham, NG2 7JR London, EC4M 7JN
Rue de Zurich 4, 1201 Genève, Switzerland
10951 W Pico Blvd, Los Angeles, CA 90064, United States
7 Macquarie Place, Sydney NSW 2000 Australia
|Your country or the country whose license applies in your legal jurisdiction|
|Established:||2015||The older the domain – the higher the possibility the company is trustworthy|
|Website:||forextitanexchange.com||Domain should be from local or international zones, no .xyz etc.|
|Financial Authorities Warnings:||None||None|
|Phone, email, social media, web form|
|Is a withdrawal possible:||Highly unlikely||Yes|
||Transparent fees – list of spread and commissions|
|If Active on Social Media:||No||Often present on social media|
|Investor Protection:||None||Compensation fund|
Numerous licenses from reputable organizations like CySEC, FCA, and ASIC are displayed on the Forex Titan Exchange website. Because of their CySEC license, they are covered by CIF and they hold an IFSC license.
However, the real background of Forex Titan Exchange has been revealed. When we looked at their CySEC license, we discovered that it belonged to Orbex. Their Australian license is held by Trading Point of Financial Instruments PTY LTD, their UK license is held by Trading Point of Financial Instruments UK Limited, and their IFSC license is nonexistent.
Therefore, this broker is nothing more than a large scam, lying about their regulation and using other brokers’ license numbers as their own.
Forex Titan Exchange Broker Profile
Forex Titan Exchange offers trading in forex, stocks, cryptocurrencies, metals, indices, commodities, futures, shares, energies, and bonds. They offer Forex Titan Exchange Inc, a web trader platform with real-time trading, simplified & user-friendly graphics, and social trading.
|Trading platforms:||Covesting copy trader, Forex TItan Exchange Inc Web Trader|
|Account types:||Classic, Standard, Premium, Ultimate|
|Financial Instruments On Offer:||
|Minimum Deposit:||Minimum $500, Maximum $50,000|
|Desktop app:||No, Web-based|
|Education or Extra tools:||CFD Glossary, Market Analyst, Trading Charts, Economic Calendar, Forex Cross Rates|
The account types available at Forex Titan Exchange are:
- Classic Account: $500
- Standard Account: $5,000
- Premium Account: $20,000
- Ultimate Account: $50,000
If you want to switch to a different account type, you’ll need to make additional excessive deposits. Large deposits are nothing but a fraud because you probably won’t see that money again, and there is no list of the costs they charge, so traders are in the dark about any expenses they might incur.
Is Forex Titan Exchange Safe To Trade With?
Contracts are exchanged using margin or leverage, which is a method of trading that exposes a lot of your capital to danger. Your earnings and losses could exceed the amount of your investment or cash if the price of the contract you enter into with Forex Titan Exchange changes quickly. Account management fees must be carefully calculated and paid with each withdrawal, followed by exchange costs, broker permits, and account schedule maintenance expenses.
However, the fact that the aforesaid fees’ amounts are not displayed causes concerns for traders. Dealing with unlicensed brokers and their hidden fees might increase the risk of trading, which is already a risk. Be careful who you put your financial faith in. Do not be ashamed to get in touch with us right away if you have been hurt in any way. There is no obligation.
A Look at Forex Titan Exchange’s Traders They Serve
The majority of Forex Titan Exchange’s clientele is made up of traders from Canada, the United States, and India. Despite the fact that they are legally permitted to do so because they are located in St. Vincent and the Grenadines, dealing with Forex Titan Exchange can result in unethical behavior, therefore it is best to stay away from them altogether.
Trade with registered brokers to take control of your trading adventure and put fund safety first. Don’t hesitate to get in touch with us if you’ve been the victim of a forex scam, need trading advice, or need help locating a broker who can meet your demands. We’re here to help, and we’ll make sure your trade is safe and profitable.
Deposits and Withdrawal Methods
Payment options for deposits/withdrawals are:
- Debit & Credit Cards
- Bank wire transfer
- Local bank transfer
As soon as you create an account at the Forex Titan Exchange login page, you are able to request for a withdrawal, without any prior verification. Even if you’re fortunate and succeed in getting your money back after making a withdrawal request, the entire procedure and additional costs should serve as a warning to traders. Watch out for brokers like this one who lack transparency and regulation.
Forex Titan Exchange Pros and Cons
Insights from Our Trading Experts
Your first impression of this broker’s website will be one of security once you see a number of rules from reputable regulatory agencies like ASIC and FCA. But regrettably, this is how frauds operate. Traders risk losing their money or, worse, going into debt if they don’t double-check their license, fees, address, and other minor facts.
Overall, the Forex Titan Exchange scam is real and investors should steer clear of this broker and those like him due to his lack of transparency, dubious trading interface, absence of a demo account, high deposit amounts, and false regulatory status. Nothing more than another con artist in the sea of con artists, Forex Titan Exchange.
Utilize regulated brokers to trade with to protect your money. You can get advice and support from us if you’ve fallen victim to a currency scam. Don’t hesitate to get in touch if you need help choosing a broker that meets your needs or guidance on trading. We’re available to guide you through the FX market and safeguard your interests.
Is Forex Titan Exchange Safe?
It is important to exercise caution when considering Forex Titan Exchange as they have been found to unlawfully utilize other brokers' license numbers. Additionally, their lack of transparency regarding fees and spreads raises concerns about their trustworthiness and overall safety.
Is Forex Titan Exchange Regulated?
Forex Titan Exchange's claim of regulation is questionable as they have been found to present other brokers' license numbers on their website, suggesting a lack of authentic regulation. Furthermore, their misleading statements about regulation raise doubts about their compliance with regulatory standards.
What Is the Forex Titan Exchange Minimum Deposit?
The account type you select will determine the minimum deposit. It costs $500 for a classic, $5,000 for a standard, $20,000 for a premium, and $50,000 for the ultimate account.