Is Titan FX Scam or Legit Broker?

It is not safe to trade with Titan FX, as it is an offshore broker (Forex Broker). Titan FX is owned by Titan FX Limited which is an offshore company registered in Vanuatu and claims to be registered with a Vanuatu Financial Services Commission (VFSC) license.

  • Vanuatu is the easiest jurisdiction to open a brokerage, as the opening requires the company to submit a register online, prove initial established capital which is $2,000 only, pay a fee, and within 2-3 months, the firm is crisp and registered. Therefore, it became an offshore zone for shady forex brokers such as RCM FX, EssenceFX, and more. 
  • As to the broker’s VFSC license, from our source, it costs €24,000 per year to become a member. However, there is no handbook or guidelines for brokers to run their businesses. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from Vanuatu. 


About Titan FX
🗺️ Registered inVanuatu
🗺️ Type of LicenseOffshore License
🛡️ Is Titan FX safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerGO Markets - licensed by ASIC in Australia

What is Titan FX?

Titan FX is a foreign exchange broker serving both institutional and retail clients across the globe. Titan FX offers a CFD trading environment to our customers. CFDs include FX currency pairs, stock indices, metals, and energy. Titan FX customers can trade those CFD products using MetaTrader 4 and MetaTrader 5 (for PC, Apps, or Web Trader). Titan FX was created in 2014 to provide a stable no dealing desk forex broker to service a global client base.

  • Its veteran management and support team comprises highly experienced forex and fin-tech professionals with combined decades of experience providing the best possible trading conditions and client support to both retail and institutional clients. The broker offers high leverage on all currency pairs (Check out our list of High Leverage Forex Brokers), zero pip spreads, and zero latency (See 0 Pip Spread Forex Brokers). This all sounds quite good, but let’s have a closer look at Titan FX. 
  • Titan FX has previously been registered and regulated in New Zealand, but the license was suspended. According to the website, the company has offices in New Zealand and the United States, however, this same website states "United States, New Zealand or Vanuatu residents are welcome to browse our website but please note due to regulatory limitations we are unable to accept any United States, New Zealand or Vanuatu resident as a client." This means Titan FX is not regulated in the mentioned countries and is not allowed to offer its financial services in other countries due to the lack of regulation. 
  • In addition, the broker has been blacklisted by Japan's Financial Services Agency (FSA). The website has targeted potential clients across the globe, including Japan, so the FSA was right to pay attention to the broker: "being a licensed investment entity overseas does not automatically translate into authorization for the Japanese market."

Titan FX

Overall Titan FX Ranking 

Taking into consideration the issues with regulations and safety of Titan FX, we do not rank positively Titan FX, based on our Expert Opinion with over 10 Years of experience in Forex Trading.

  • Titan FX Overall Ranking is 3 out of 10 based on our testing and compared to 500 other brokers, see Our Ranking below compared to other popular and industry Leading Brokers.

RankingTitan FXOANDAPepperstone
Our Ranking⭐⭐⭐⭐⭐⭐⭐⭐⭐⭐
Is Broker safe? NoYesYes
AdvantagesNoneTrading EnvironmentTrading Instruments

Titan FX Alternative Brokers

Based on our revelations in respect of Titan FX unregulated nature, here are much better Alternatives to Titan FX with good regulations and favorable conditions. We select Good Brokers and reliable options for your comparison below: 

Titan FX in India

Titan FX allows Indian traders to open accounts and trade. However, Titan FX has no mention of complying with any Indian regulators on its website. The broker is not regulated by any regulatory body in India, that’s why money safety may be the issue here.

Titan FX in the USA

The United States is one of the countries that is not accepted by Titan FX. As per U.S law, brokers regulated by CFTC are the only brokers allowed for USA traders. So, except for Titan FX, you are only permitted to trade with U.S-regulated platforms

  • Other restricted countries: Aland Islands, Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, United Kingdom, Germany, Greece, Hungary, Ireland, Italy, Japan, Latvia, Liechtenstein, Lithuania, Luxembourg, Malta, Netherlands, Norway, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, China, Hong Kong, Israel, Macao, Singapore, United Arab Emirates, Turkey, Canada.

Deposits and Withdrawals

The minimum deposit to open an account in Titan FX is $200 for all available accounts. Titan FX does not charge any account maintenance fees on inactive accounts. You can fund your trading account using our Secure Client Cabinet and through a wide variety of payment options: Visa, Mastercard, AMEX, Neteller, Skrill, STICPAY, Local Japanese Bank Transfer, and bitwallet.

  • Withdrawals are normally automatically processed within 1 business day, however, receipt of funds into your account can depend on the withdrawal method used as it may rely on the payment being processed by your payment provider. Titan FX enables clients to withdraw funds from their forex trading account via the following: Visa, Mastercard, Neteller, Skrill, STICPAY, Local Japanese Bank Transfer, bitwallet.


Titan FX offers its clients the world’s leading trading platforms, including MetaTrader 4 (MT4) and MetaTrader 5 (MT5), as well as a Mobile trading applications. With the Titan FX Metatrader application, available for iPhone, iPad and Android, you can control your account, trade in financial markets and use 30 technical indicators for market analysis, as well as get financial news and emails. It also includes real-time quotes of financial instruments, the full set of trade orders, including pending orders, full trading history with search.

Demo Account

All Titan FX clients have access to their customised version of the industry standard trading platform, MetaTrader 4 and MetaTrader 5 (MT5 Forex Brokers).

The broker gives an opportunity to trial the platform for free with a demo account, valid for 30 days and with USD$50,000 of virtual funds included. Other equity amounts and account currencies are available by request. Its demo account uses a live price feed from Titan FX servers and is as close to the real trading experience as you can get. Whether you want to expand your trading knowledge or prove your trading strategy, MetaTrader platforms from Titan FX are the perfect tool.

Titan FX Review Conclusion

Overall, there is not a sustainable trust to the delivered Titan FX trading environment since there are many complaints from the broker’s clients along with the official statement from the regulator.

We strongly advise opening a trading account only with the brokers that are regulated by the respected world authorities that comply with the required set of rules and a good reputation through the delivered timeframe of operations. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as AvaTrade and XM.

  • Overall ranking and experience for Titan FX is Negative

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One response to “Titan FX”

  1. I have put money ($)in an account and I made a profit through my broker $168000 dollars.
    If I want to withdraw my money, I have to pay 20% of $168K from my regular bank account and then I will receive my earnings. That is where my financial advisor told me to put a stop on the whole deal. But Titanfx keeps telling me that I will have to pay the 20% first, $32000 before they will transfer.

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