TitanTrade Review: This Shameless Broker Will Leave You Speechless
As much as we loved writing this TitanTrade review, we couldn’t embrace the fact that this broker operates without any shame. It scammed thousands of investors and didn’t stop. Not one, not two, but six financial authorities warned traders about the TitanTrade name until it was finally shut down.
TitanTrade moved from nation to nation, trying to scam as many investors as it could before realizing that it was finally over. Luckily for traders, TitanTrade is no more, however, our deep evaluation will serve as an education to defend against brokers similar to titantrade.com.
Who Is titantrade.com?
TitanTrade was a binary options broker owned by GN Capital Limited, an offshore brokerage company located in the Marshall Islands. The Marshall Islands is notorious for the absence of regulations, hence it became an offshore zone for scam brokers such as FTM Trade. TitanTrade is closed today, however, the danger of them reappearing always exists.
In addition to being unregulated and unreliable, the broker had no shame in scamming people. There are many complaints found online about the TitanTrade scam and by doing a little research you can easily recognize and avoid fraud attempts in the future.
|Reliable Broker Must Have
|GN Capital Limited, Titan Trade Solutions Ltd, Titan Trade Capital Limited
|Transparently displayed in the disclaimer or legal documents
|Within your legal jurisdiction – local regulator
|Your country or the country whose license applies in your legal jurisdiction
|The older the domain – the higher the possibility the company is trustworthy
|Domain should be from local or international zones, no .xyz, etc.
|Financial Authorities Warnings
|Phone, email, social media, web form
|If a withdrawal is possible
|Transparent fees – list of spread and commissions
|If Active on Social Media
|Often present on social media
TitanTrade was unregulated, however, that isn’t even the worst part. Six reputable financial authorities warned investors that trading with TitanTrade would only bring chaos into their lives. Regulated brokers can offer security because authorities like the FCA, ASIC, or SEC oversee their operations. Never settle for unregulated and offshore brokerage companies. Anyways, here are the warnings:
TitanTrade Broker Profile
TitanTrade was a binary options broker, however, it offered various financial instruments in addition, including stocks, indices, commodities, and forex. There is little to no information regarding the leverage, spreads, and minimum deposit, and finding a trustworthy source is challenging.
Many traders exposed TitanTrade for who it is, a shameless scam brokerage. To prevent getting scammed, make sure to always stay informed about the market and always do deep research about the broker you plan on using. Never choose unregulated brokers that lack transparency like TitanTrade.
|Financial Instruments On Offer
|Education or Extra tools
Is TitanTrade Safe To Trade With?
Trading with a regulated and transparent broker is crucial if you want to succeed and profit from your trades. You don’t want to end up like investors who used TitanTrade and lost all of their funds. One day they woke up, and accessing the titantrade.com login page was no longer possible, so they were left without any chance of withdrawing their funds.
TitanTrade is unsafe for many reasons, including the lack of regulation and transparency, bad reviews from traders, several financial authority warnings, and the mere fact that the brokerage is closed down. Staying away from brokers like TitanTrade and Titan-CFD is your best chance of having a safe trading environment.
Traders Share Their Experiences
TitanTrade has a rating of 1.5 stars on Sitejabber from 10 reviews, indicating that most customers are dissatisfied with the broker. Many traders complained about the TitanTrade scam and the way it was operated. It’s clear that this broker has no shame in scamming people.
One trader invested 43,000 GBP and was then pressured to deposit even more! They told him fake stories about large profits and unfortunately, scammed him out of his funds. When they tried to access his account on the Titan Trade login page, however, they were locked out and funds were lost.
Who Are the Traders They Cater To?
According to many traders online, the broker uses a pushy tactic to make traders believe they will get large profits if they deposit a certain sum or perhaps invest in something that doesn’t even exist. After they take your money, you are no longer interesting to them and they will pass on to another victim.
Nations affected by this scam are mainly from the United States, Canada, India, Australia, and the United Kingdom. Operating from these nations would require licenses by the SEC in the US, IIROC in Canada, ASIC in Australia, and FCA in the UK, however, the broker operates unregulated, and the SEC and ASIC already warned the public.
Deposits and Withdrawal Methods
Depositing or withdrawing your funds is no longer possible at TitanTrade because they were shut down. The reason for this could be that the broker went out of money, or simply, there was legal action taken for their illegal activities.
Whatever the reason, we can’t ignore the fact that trading with this broker would be dangerous and the best way you can do to avoid brokers like this is to never deposit your funds with them. If you already have, request a withdrawal or a chargeback immediately.
Can I Make Money While Trading Online?
While trading money online is difficult, it isn’t impossible. Due diligence and in-depth research are required, however, to ensure a safe trading environment and a profitable experience. We can help you do all the research and by prioritizing your preferences, we can find a broker tailored to your needs. Reach out right now and book your free consultation!
Our AI bot uses complex indicators, chart patterns, and oscillators to access the market conditions with a solid foundation in technical analysis. It does so in real time, giving you the most up-to-date information. Make sure to take advantage of our innovative AI bot and elevate your trading skills!
After locating a safe broker, you must be aware of what you want to trade with and what your financial capabilities are. If you are still new to trading and unsure where to start, don’t worry! Book your free consultation now and let us take you into a world of profitable trading!
What Is TitanTrade?
TitanTrade was a binary options broker trading in forex, commodities, indices, and stocks.
Is TitanTrade A Scam?
Many traders confirmed that the TitanTrade scam is real. Furthermore, six financial authorities warned against trading with the broker due to being unregulated.
How Can I Get My Money From TitanTrade?
The best option would be to contact authorities so they can try to get your funds back and if not, we are always here. Just reach out and we will do our best to return everything that is stolen from you.