Compare Titan FX vs USGFX

Compare Titan FX vs USGFX

Titan FX vs USGFX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$200MT470+VFSC
$100MT4, MT560+ASIC

Titan FX and USGFX Comparison

Both of these brokers offer ECN trading, for Forex and other markets. Each provides MT4, while USGFX also offers MT5. Titan FX is regulated by the VFSC in Vanuatu. USGFX is regulated by the ASIC in Australia.

ECN conditions

Titan FX is an ECN broker which aggregates orders from multiple liquidity providers. USGFX is an STP/ECN broker (it uses one liquidity provider). Both allow a range of trading styles, including scalping, automated trading and news trading. Each uses Equinix Data Centres, for high speed order transmission.

Quick comparison

Both offer trading on MT4, USGFX also provides MT5.

Minimum deposit and account types

The minimum deposit for Titan FX is $200. The minimum deposit for USGFX is $100.

  • Titan FX offers the Zero Standard STP account, the Blade ECN Zero account, an Islamic account and the Active Trader Program. Hedging, scalping and EAs are allowed for all account types, as is micro lot trading. Titan FX offers markets analysis, economic news, self improvement articles for a 'Forex Lifestyle' and an economic calendar. Titan FX uses Equinix's NY4 Data Centre for fast order execution.
  • Titan FX's Standard and Islamic accounts do not charge commissions, the Blade ECN account does charge commissions.
  • Titan FX's Active Trader Program provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).
  • USGFX offers four account types. These are Mini, Standard, VIP and Pro-ECN. The minimum deposit for the Mini account is $100, the minimum deposit for the Standard account is $10,000, and the minimum deposit for both the VIP and Pro-ECN accounts are $50,000. The different account types can offer lower spreads, with the lowest being available on the VIP account. All account types have a minimum trade size of 0.01 lots.
  • USGFX provides Trading Central, the Recognia Trading System (which provides trading ideas), analysis, one on one coaching and an Education Center on its website with webinars, seminars, a trading guide and Blog, along with contests.

Markets

  • Titan FX offers Forex, Indices, Energy and Precious Metals, with 70+ available.
  • USGFX offers Forex, Indices, Energy, Precious Metals and Cryptocurrencies, with 60+ available.

Titan FX has 55+ Forex pairs. USGFX has 20+ Forex pairs.

Cryptocurrency CFDs

  • USGFX offers Bitcoin.

Leverage and spreads

Maximum leverage for Titan FX is 500:1. Maximum leverage for USGFX is 500:1, except on the Pro-ECN account where it is 100:1.

  • Spreads at Titan FX are variable and are from 0.0 for EUR/USD with commissions (with an average of 0.2) and an average of 1.2 without, 1.6 for UK100, 0.2 for Gold and 0.06 for US Crude Oil.
  • USGFX offers variable spreads. On the Mini account, EUR/USD is from 2.8, on the Standard account EUR/USD is from 2.2, on the Pro-ECN account EUR/USD is from 1.5 and on the VIP account EUR/USD is from 1.3.
  • USGFX offers Gold spreads from 0.50 on all accounts except VIP, where they are from 0.36. US Oil spreads are from 0.027, plus commission.

Commission charge

  • Titan FX charges a commission of $0.035 per 0.01 lots (i.e. $3.50 per lot) per side (thus $0.07 per micro lot round trip) on the Blade ECN account. Titan FX says that it approximates the USD charges and has a monthly review of these approximations for other account currencies.
  • USGFX does not charge commissions for Forex or Precious Metals. It does charge commissions of $5 per lot per side for CFDs.

Platform

Both brokers offer MT4 desktop and apps. USGFX additionally has MT5 desktop and apps.

Why Titan FX or USGFX ?

Titan FX is an ECN MT4 broker, while USGFX is an STP/ECN MT4 broker, also offering MT5.

Comparison summary

  • Titan FX is an ECN broker
  • USGFX is an STP/ECN broker
  • Titan FX can offer Forex spreads with or without a commission charge
  • USGFX does not charge commissions for Forex
  • USGFX does charge commissions for CFDs
  • Both offer MT4
  • USGFX also provides MT5

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