Titan FX Review

Titan FX Review

Trade On MT4 And MT5 With A Regulated ECN Broker

  • EUR/USD spreads from 0.1
  • No dealing desk execution
  • No trading restrictions
  • Leverage up to 500:1
  • Servers in Equinix NY4
  • $200 minimum deposit
  • $3.5 commissions
  • Micro lot trading
  • ZuluTrade support
  • Islamic account
ECN and STP trading on MT4 & MT5 • Titan FX

Titan FX Review

Titan FX is a liquidity provider for institutions and brokers, which also offers services to retail traders as an ECN broker, with very low spreads and a competitive commission charge. It provides MT4 and MT5, the successor to MT4. This is a no dealing desk ECN broker with support for social and signal trading and with a minimum deposit of $200. Its servers are located in Equinix's NY4 data center.

What is Titan FX ?

Titan FX provides liquidity services to institutions and smaller brokers. This company is based in New Zealand and is registered as a New Zealand Financial Services Provider. This places it under the supervision of the New Zealand Financial Markets Authority.

But Titan FX also provides services to retail customers, using its liquidity infrastructure. To do this it operates from Port Villa, Vanuatu and is regulated by the Vanuatu Financial Services Commission.

ECN conditions - infrastructure for high speed order processing

Titan FX locates its servers in New York, in the Equinix NY4 financial hub. It also has datacenters in Asia. The point of this is to provide ultra fast milisecond order execution. The Equinix Financial eXchange in New York co-locates the servers of a range of financial institutions, including banks, brokers and liquidity providers. The use of co-location and technology such as fiber optical cables allows for low latency data transmission. Titan FX has 50+ liquidity providers and dark pool access. The point of this is to provide low prices.

Titan FX calls all this Zero Point Technology, with the professed aim of providing a trading infrastructure which it says was only previously for trading professionals who required this level of order execution (like quants and high frequency traders), by moving towards zero latency (delay) and zero spreads.

Titan FX says it uses AI technology to provide what it calls 'Zero Point Dynamic Liquidity Aggregation (ZP-DLA)' to deliver very low spreads.

Does Titan FX achieve its aims - it does provide very fast order execution and very low spreads, which in the case of EUR/USD, provided adequate liquidity is available, go as low as 0.1 with an average of 0.2.

As well as Forex and Energy pairs and Spot Metals, Titan FX offers Index CFDs, which it says can be traded with Direct Market Access (DMA).

Account types and minimum deposit

Titan FX offers a number of account types, all of which offer no dealing desk execution, micro lot (0.01) trading and no restrictions on trading styles, but differ in terms of the spreads available.

The ECN account is called the Blade ECN Zero account. This is where the tightest spreads are with millisecond execution. This account welcomes day traders, scalpers and EA traders. One advantage for any trader with ECN brokers is that they can welcome trading styles which may be not so welcome at other brokers.

The STP (Straight Through Processing) account is called the Zero Standard STP account. This provides no dealing desk trading and no requotes. It is based upon Zero Point technology and thus aims to provide very fast execution. As there is no commission charged, its spreads are higher, but go as low as 1 for EUR/USD.

Titan FX offers an Islamic account which is aligned with the Zero Standard STP account, with no swap and rollover charges.

The minimum deposit for the Zero Blade ECN, the Zero Standard STP account and the Islamic account is $200.

For large volume traders, Titan FX also offers an Active Trader Program. This provides a dedicated relationship manager, segregated client accounts, advanced reporting, custom solutions, virtual server hosting and aggregated anonymous data (AAD).

Hedging, scalping and EAs are allowed for all account types. On its website, Titan FX offers market analysis, Forex monthly commentary, economic news, Forex education and self improvement articles for a 'Forex Lifestyle'. Titan FX

Commission charges

The lowest spreads come with the cost of a commission charge. The Blade ECN USD account 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). For other account currencies, Titan FX says that it approximates the USD charges and has a monthly review of these approximations.

Account opening

Accounts are available in USD, AUD, EUR, SGD and JPY. The Islamic account is only available in USD, SGD and AUD. Titan FX cannot accept clients from a number of countries, including New Zealand and St. Vincent and the Grenadines.

Online trading platforms - MT4 and its successor MT5

Titan FX provides MT4 and MT5. MT5 is the successor to MT4 and offers a number of improvements compared with MT4. Like MT4, MT5 supports the use of online trading robots called Expert Advisors (EAs), though MT5 EAs are programmed in a different language (MQL5 for MT5 and MQL4 for MT4).

Social trading and signal trading - Copy trades of other traders and execute trading systems

Titan FX support social trading via ZuluTrade. It also supports Signal Trading, where signal feeds (trading systems) are copied directly into MetaTrader. Signals can be found in the 'Signals' tab on MetaTrader. The difference between Signal and Social Trading is that signals are impersonal.

Markets - 70+ instruments to trade

MT4 and MT5 provide 55+ Forex pairs, Spot Metals (Gold, Silver, Palladium and Platinum), Oil and Natural Gas Pairs (Brent Oil and WTI Oil), and Indices CFDs, for a total of 70+.

Spreads and leverage - Forex spreads from 0 plus a competitive commission charge

  • Spreads are variable. Blade Zero ECN spreads average 0.2 pips for EUR/USD (but can go as low as 0), 0.57 pips for GBP/USD and 0.52 pips for AUD/USD.
  • For the Blade Zero ECN account, the typical spread for UK100 is 1.6 and the typical spread for US30 is 1.6-3.6.
  • Zero Standard/Islamic spreads have an average of 1.2 pips for EUR/USD, 1.57 pips for GBP/USD and 1.52 pips for AUD/USD.
  • For the Standard/Islamic accounts, the typical spread UK100 is 2.2 and the typical spread for US30 is 2.2-4.3.
  • Spreads average 2.11 pips for XAU/USD, 2.01 pips for XAG/USD and 0.57 for US Crude Oil with no commission charged.

Metals and Energies spreads are the same for Zero Standard and Zero Blade accounts, and do not come with a commission charge for either account.

Titan FX leverage is up to 500:1.

Funding

Titan FX's bank is the National Australia Bank, where it says client funds are held in segregated accounts. Funding methods include credit/debit cards, Wire Transfer, Neteller and Skrill. No payments are accepted from third parties. There is no deposit charge made by Titan FX.

Withdrawals can be made by credit card, for which there is no charge by Titan FX and by Bank Wire for which there is a $20 processing fee and by Neteller and Skrill for which a fee of 3.75% is charged.

Account Fees

There are no inactivity fees or account management fees.

Regulation and Registration

Titan FX is owned by TI Securities Limited which is incorporated in Vanuatu with company number 40313. TI Securities Limited is regulated by the Vanuatu Financial Services Commission.

Summary

This broker provides MT4 and MT5 and has no restrictions on trading styles. It can support trading from discretionary to automated trading, including social and signal trading. The commissions are low and comparable with some of the lowest available. With the Standard account, it also provides STP prices with no commissions. It has a competitive range of markets available to trade for an ECN broker.

Why Titan FX ?

Titan FX provides a trading environment for traders who trade a wide range of styles particularly those who rely on high speed order execution, such as automated traders. Because it does not intervene in the order process, Titan FX can support styles such as scalping and high frequency trading. Traders who want to use social and copy trading can do so via ZuluTrade. The bulk of Titan FX's offering is still Forex pairs and Forex traders apply a wide range of styles to trade this complex market, from automated to non-automated. Titan FX offers both MT4 and its successor MT5 which are platforms designed for Forex trading and support the types of trading used by Forex traders.

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