Compare FXOpen vs Titan FX

Compare FXOpen vs Titan FX

FXOpen vs Titan FX Comparison
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$200MT4, MT570+VFSC

FXOpen vs Titan FX Comparison

These are both no dealing desk ECN brokers offering MT4, though TitanFX additionally provides MT5, the successor to MT4. They each use Equinix's NY4 Data Centre, for high speed order execution. Both brokers also offer STP accounts with no commission charge. Their ECN accounts can charge commissions and offer lower spreads.

FXOpen is regulated by the FCA in the United Kingdom, the ASIC in Australia and the FSRC in Nevis. Titan FX is regulated by the VFSC in Vanuatu.

ECN conditions

Both brokers aggregate liquidity, and use Equinix NY4 severs to facilitate high speed order execution. Neither restricts trading styles and both are no dealing desk, thus scalping, news trading and automated trading is allowed.

Quick comparison

Both are MT4 ECN brokers. Titan FX additionally provides MT5. FXOpen has a range of Cryptocurrency CFDs.

Minimum deposit and account types

The minimum deposit for FXOpen is €/$300 or £200. The minimum deposit for Titan FX is $200.

  • FXOpen offers three accounts types, ECN, STP and Crypto. The ECN account charges commissions on its markets, the STP does not charge commissions. The ECN account has a wider range of market available. The Crypto account is an STP account which additionally offers a range of Cryptocurrencies (which have a commission charge). The minimum trade size is 0.01 lots. Market news and analysis are available via RSS and an economic calendar is provided on FXOpen's website.
  • 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 market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX uses Equinix's NY4 Data Centre for fast order execution. Titan FX supports social and copy trading via ZuluTrade and signal trading via MetaTrader.
  • 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).

Markets

  • FXOpen offers Forex, Indices, Energy, Metals and Cryptocurrencies, with 65+ available.
  • Titan FX offers Forex, Indices, Energy and Metals with 70+ available.

FXOpen provides 45+ Forex pairs, Titan FX provides 55+ Forex pairs.

Cryptocurrency CFDs

  • FXOpen offers Bitcoin, Ethereum, Litecoin, NEO, OMNI, Monero, IOTA, Ripple, EOS, Ethereum Classic, Bitcoin Cash, DASH, Namecoin, Peercoin and Emercoin.

Spreads and leverage

Both brokers can provide Forex spreads from 0 plus a commission charge.

Maximum leverage for FXOpen (FCA regulated) is . Maximum leverage for Titan FX is 500:1.

Commissions

  • For Forex, FXOpen charges a commission, which depends on volume traded, from $1.5 - $5 per standard lot per side. Other instruments have differing commission charges.
  • 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.

Platforms

FXOpen offers MT4. Titan FX provides MT4 and MT5.

Why FXOpen or Titan FX ?

Those who want to trade on MetaTrader 4 (MT4) may do so at either broker. Traders who want to trade on MetaTrader 5 (MT5) can find this platform at Titan FX. Traders who want to trade with an ECN broker can do this at either broker.

Comparison summary

  • Both brokers offer CFD trading
  • Each provides MT4
  • Titan FX additionally provides MT5
  • Both are ECN brokers
  • Titan FX supports social and copy trading

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