Titan FX is a foreign exchange (forex), metal and commodities broker serving both institutional and retail clients across the globe. The broker offers a high leverage on all currency pairs, zero pip spreads and zero latency.

Is Titan FX a scam or legit broker?

No, it is not safe to trade with Titan FX, as it is an offshore 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 establish capital which is $2,000 only, to pay a fee, and within a 2-3 month, 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 business. Therefore, there is zero protection for traders. We have a detailed article explaining the risk of trading with brokers from Vanuatu. 

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 the 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.”

We advise all investors and traders to avoid Titan FX and other brokers from Vanuatu. Traders should trade with well-regulated brokers such as UK brokers or brokers in Australia and reliable brokers such as Alpari and FXTM.

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