When a company presents you with entities registered in the UK and Australia, that certainly means something. At least you would expect them to provide genuine services according to laws and regulations.
But is it always the case? Definitely not. To find out how to recognize dangerous offers, we recommend you read this Forex Titan Exchange review until the end.
| Regulated by: | No regulations |
| Is This Company Safe? | No |
| Known Websites: | |
| Have Warnings from: | N/A |
| Registered in: | Saint Vincent and the Grenadines |
| Operating since: | 2020 |
| Trading Platforms: | Web trader |
| Maximum Leverage: | N/A |
| Minimum Deposit: | $500 |
| Deposit Bonus: | Not available |
| Trading Assets: | Cryptocurrencies, forex, indices, commodities, stocks, bonds |
| Free Demo Account: | No |
| How to Withdraw from This Company? | Withdrawing funds from a broker with all fake licenses is practically impossible. To get your money back we recommend you apply for a refund immediately. For detailed guidance, get in touch with our specialists. |
Legal info: Is Forex Titan Exchange Legit or Scam?
If you just blindly trust the company’s presentation, you might even believe its awards, licenses, and security features. Thus, the more you research this brokerage, the more irregularities you will find, starting with regulatory oversight. The company presents us with CySEC, FCA, ASIC, and IFSC licenses. However, none of the entities presented there exist.
Also, if you check the FCA register for number 705428 (a number the company mentions as its license number), you will see a completely different company. With this in mind, it’s clear nothing this company advertises can’t be trusted.
Who are Forex Titan Exchange’s Victims?
To find out more details about victims of this company, it would be easiest if any Forex Titan Exchange reviews were available. But they are not. Luckily, with website analytics, we can find the most targeted areas are:
On the positive side, traders from these countries have quite good protection from local authorities. However, waiting for them to start an investigation can take a while. That’s why we advise traders to apply for a refund themselves immediately. If you need guidance, get in touch with our team.
Leverage, Commissions, Spreads, Fees and Taxes
Quite surprisingly, the company presents its highest leverage as an advantage. In reality, even with negative balance protection, that’s a disaster for traders, especially with the company’s manipulative platform. In any case, the maximum leverage is not revealed. However, the maximum allowed would be 1:30 if they have an FCA license.
When it comes to spreads the company offers industry average spreads of 1.5 pips only if you deposit $50k. Fairly, nothing attractive there. Not to mention hidden fees and commissions. But to discover how these hidden details can trap you, read our Ambitcap review.
Bonuses
Since the company presents itself as regulated, it must have a disclaimer they don’t offer bonuses. But if they were lying about licenses, why not lie about bonuses? In any case, if you get such deals on the table, make sure to avoid them.
Forex Titan Exchange Trading Features
One of the interesting features here is the Forex Titan Exchange copy trading option. Thus, misleading license details makes it questionable whether those allegedly successful traders can be trusted. Or those are fictitious users who will make you lose all your money.
Trading Platforms Available
Another questionable feature here is the web-based Forex Titan Exchange app. These platforms usually include minimum security features and trading customization options.
But the worst part is that the company can easily manipulate them. That’s why you should always opt for brokers with third-party apps, preferably MetaTrader or cTrader.
Available Trading Assets
Once you complete the Forex Titan Exchange login procedure, you will realize there are plenty of tradeable options. Whether we find it attractive or not, the reliability of the market data about all those assets is still under question. Anyway, you can find the same assets with most top-tier licensed brokers, starting with:
- Forex – GBP/NOK, EUR/SEK
- Bonds – US T-Bond, EU Bonds
- Indices – CAC40, NASDAQ
- Commodities – natural gas, platinum
- Shares – Alibaba, Netflix
- Cryptos – TRX, SHIB
Account Types
As can be seen, the company advertises Forex Titan Exchange free account registration. Fairly, it wouldn’t make sense to charge registration.
Once you register, they will quickly call you and try to persuade you to activate one of their accounts. Starting with:
- Classic – $500
- Standard – $5.000
- Premium – $20.000
- Ultimate – $50.000
But be careful. Once they collect enough money, they might disappear like the Trenixo company.
Mobile Trading App
Before considering opening a Forex Titan Exchange account, make sure to check the mobile apps the company offers. They present us with apps available in trusted stores. But are they? In fact, no.
The apps should be downloaded from the company’s website, which might expose your sensitive data to this scam broker. So, watch out.
Demo Account
If the company were any close to legitimate, a demo account would be offered in the first place. But of course, it’s not. Otherwise, you could sign up and expose all the fake details about which the company lies.
Education
When it comes to education, the company only offers basic answers to a few trading questions. Thus, if you are looking for live sessions, webinars, and other advanced forms of education, you will need to find truly licensed brokerages.
Forex Titan Exchange Withdrawal
In general, most of the problems traders can expect are related to the Forex Titan Exchange withdrawal procedure. Even though the company reveals methods and processing time, fees are hidden. Therefore, you better get ready for surprises.
Also, make sure to check the processing time for all methods because these range from instant to 5 business days.
Customer Support
When a company mentions offices all across the world, you would expect all those to be reachable. However, they are not.
Instead, the company only provides one phone line with a US number. Fairly better than nothing. But if it’s reliable, we highly doubt it. Another way to reach them is by e-mail, which is even less convenient.
Key Information To Consider About Forex Titan Exchange?
Even though the company mentions a wide range of funds safety measures, without licenses, you should forget about those. After all, they would be regulated if they wanted to operate legitimately. Anyway, with the suspicious platform, hidden fees, and zero transparency, it’s hardly believable you will have a good time with this firm.
That’s why we suggest you get ready for chargeback on time. Contact us and book a free consultation with our experts. At least if you fall for any investment scam, you will be ready.
FAQ Section
What is Forex Titan Exchange?
Forex Titan Exchange is an offshore brokerage with a registered address in Saint Vincent and the Grenadines and alleged offices in the UK, US, Switzerland, and Australia.
Is Forex Titan Exchange Legit?
No. All the licenses that the Forex Titan Exchange presents traders with are completely fake. For this reason, we suggest you contact us right away for chargeback assistance.
Who Owns Forex Titan Exchange?
Forex Titan Exchange is owned by Forex Titan Exchange Trading Services LLC, a firm registered in SVG.
Source:
https%3A%2F%2Fscambrokersreviews.com%2Fcrypto-scams%2Fforex-titan-exchange-review%2F
