Is TitanTrade a scam or legit broker?

No, it is not safe to trade with TitanTrade. TitanTrade is owned by GN Capital Limited, which is an offshore company registered in the Marshall Islands.

The Marshall Islands is notorious for its practically absent requirements and regulations. Due to the setup cost is low and it does not regulate forex trading. Therefore, it became an offshore zone for shady forex brokers such as Capital88, Obsbit and more.

About TitanTrade
🗺️ Registered inMarshall Islands
🗺️ Type of LicenseOffshore License
🛡️ Is TitanTrade safe to tradeNo
🗺️ Recommended LicensesFCA in UK 🇬🇧 & ASIC in Australia 🇦🇺
🖥 Alternative BrokerFP Markets - licensed by ASIC in Australia

However, it is not the first registration address or the center from where the company operated. The brief history reveals that the form had listed their addresses in Belize, as well made reference to other world centers, which are known as financial hubs.

TitanTrade review

The TitanTrade describe themselves as a global provider of Forex and CFDs trading with its global presence and offering to international clients. Yet, the TitanTrade and its affiliated brands showed and were detected in a relation to binary trading through NRGBinary company and other brands that affected the company to receive numerous warnings and listing in blacklists of respected world authorities. That was mainly caused by non-regulated nature of the company, while the broker’s representatives and the company itself target residents of a particular jurisdiction to affiliate with them and offer the highest risk investments.

The Spanish regulator CNMV issued an official warning in 2017, while earlier only a year before TitanTrade was red flagged by Italian, CONSOB.

“Titan Trade Capital Limited, Dom Technology Services Ltd and Titan Trade Solutions Ltd are not authorized to provide investment services and investment activities by any means.”

CONSOB, 2016

“ASIC is warning the public not to click on any advertising being marketed under the brand ‘Titantrade’, a website by which trading in binary options is being offered.”

ASIC, 2016

Moreover, the same actions were taken by the French regulator, Ontario Securities Commission, ASIC (Australia) and CFTC (US Commodity Futures Trading Commission). Overall, it’s obvious that most all jurisdictions issued their warnings against TitanTrade company and alert about any trading with them. 

Conclusion

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.com.

Yet, it is always great to hear your personal opinion about TitanTrade. So you may share your experience or thoughts or discuss them below or ask us for additional information.

No news available.

Leave a Reply

Your email address will not be published. Required fields are marked *

* code