Compare FXOpen vs Titan FX

Compare FXOpen vs Titan FX

FXOpen vs Titan FX
Online BrokerMinimum DepositTrading PlatformsMarketsRegulated
$300MT465+FCA, ASIC, FSRC
$200MT470+VFSC

FXOpen vs Titan FX Comparison

These are both no dealing desk ECN brokers offering 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 Equnix 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. 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 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).

Markets

  • On the ECN account, FXOpen offers Forex, Indices, Energy and Precious Metals, with 65+ available.
  • On the STP account, FXOpen provides Forex and Precious Metals, for a total of 50+.
  • On the Crypto account, FXOpen offers Forex, Precious Metals and Cryptocurrencies, for a total of 55+.
  • Titan FX offers Forex pairs, Indices, Energy and Precious 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

  • Spreads at FXOpen are variable and are from 0.0 for EUR/USD, 0.0 for UK 100, 0.0 for Gold and 0.0 for US Crude Oil (all plus commission). The STP account has higher spreads.
  • 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.

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 desktop, MT4 apps and an MT4 based web trader. Titan FX offers MT4 desktop and apps and a web trader based on MT4.

Why FXOpen or Titan FX ?

Both are ECN MT4 brokers, with a similar number of markets, though FXOpen also has Cryptocurrency CFD trading.

Comparison summary

  • These are both ECN brokers
  • They can offer Forex low spreads plus a commission charge
  • FXOpen also offers Cryptocurrency CFDs
  • Both have a range of markets to trade
  • While FXOpen has a lower minimum commission charge, Titan FX's is lower than FXOpen's maximum charge
  • Both provide MT4 across a range of platforms
  • Each offers STP accounts, with no commission charge and higher spreads

Search this site

Translate