Forex Titan is a broker that provides trading services in forex, metals, commodities, energy, stocks, indices, and bonds for investors. The official website of Forex Titan is https://forextitanexchange.com/, and the website only supports English as the operating language. According to the Whois query, the domain name of the company's official website was registered on December 14, 2020, and it has been more than two years since the registration.
Account Registration:
The official website of Forex Titan indicates that the company's website provides registration links for real accounts and demo accounts. For real account registration, users can click on "Register" in the upper left corner of the website or "Start Trading" on the right side, fill in required information such as name, email, password, etc., and choose an "Investment Plan" according to personal preferences to complete the real account registration. The registration method for demo accounts involves clicking on "Open free account" on the left side of the website, filling in required information, and choosing an "Investment Plan" according to personal preferences to complete the demo account registration.
Account Registration:
The official website of Forex Titan indicates that the company's website provides registration links for real accounts and demo accounts. For real account registration, users can click on "Register" in the upper left corner of the website or "Start Trading" on the right side, fill in required information such as name, email, password, etc., and choose an "Investment Plan" according to personal preferences to complete the real account registration. The registration method for demo accounts involves clicking on "Open free account" on the left side of the website, filling in required information, and choosing an "Investment Plan" according to personal preferences to complete the demo account registration.
Account Types:
Forex Titan offers four types of trading accounts for investors: Classic Account, Standard Account, Premium Account, and Ultimate Account. These accounts differ significantly in terms of minimum deposit, spreads, and minimum trade value. However, the official website of Forex Titan does not provide information on the differences in commissions and margin ratios among these account types.
Trading Products:
The official website of Forex Titan indicates that the company provides trading services for forex, metals, commodities, energy, stocks, indices, and bonds. However, specific details about the covered trading products in each category, as well as information on spreads, commissions, and margin ratios, are not provided on the Forex Titan website.
Margin Ratios:
The official website of Forex Titan does not provide information on the margin ratios for specific trading products in forex, metals, commodities, energy, stocks, indices, and bonds.
Trading Hours:
The official website of Forex Titan does not provide information on the trading hours for specific trading products in forex, metals, commodities, energy, stocks, indices, and bonds.
Trading Software:
Forex Titan provides proprietary trading software for investors, including a desktop version and a mobile version (IOS/Android). However, the official website does not provide download or installation links for this trading software. Additionally, there may be issues with downloading or installing the Android version in some countries or regions.
Trading Software:
Forex Titan provides proprietary trading software for investors, including a desktop version and a mobile version (IOS/Android). However, the official website does not provide download or installation links for this trading software. Additionally, there may be issues with downloading or installing the Android version in some countries or regions.
Trading Tools:
The official website of Forex Titan indicates that the company provides two trading tools for investors: an economic calendar and trading charts. The economic calendar allows investors to stay informed about released or upcoming economic data and risk events. Trading charts enable investors to conduct technical analysis and compare trends using charts based on TradingView.
Global Awards:
According to the information on the Forex Titan website, the company has received multiple industry awards from organizations such as MENA, GLOBAL BANKING & FINANCE AWARDS, FXEMPIRE, CNFOREX, CNFOREX AWARDS, FOREX REPORT AWARDS, GLOBAL INVESTOR MENA AWARDS, WORLD FINANCE, THE EUROPEAN MAGAZINE AWARDS, etc.
Regulatory Information:
The official website of Forex Titan indicates that the company is regulated or authorized by the Cyprus Securities and Exchange Commission (CySEC), the International Financial Services Commission of Belize (IFSC), the Financial Conduct Authority of the United Kingdom (FCA), and the Australian Securities and Investments Commission (ASIC). However, the results of searches on the websites of IFSC, CySEC, FCA, and ASIC show that IFSC has no regulatory information related to the company, and CySEC, FCA, and ASIC indicate that the company has misused regulatory or authorization numbers from other companies.
Conclusion:
Forex Titan is under serious suspicion of fraud. Despite the official website of Forex Titan showcasing a variety of investment products and numerous industry awards, the registration and regulatory information provided by the company are deemed to be false. Specifically, the Financial Services Authority of Saint Vincent and the Grenadines (SVFSA) website does not contain any registration information for the company. Furthermore, while the Forex Titan website claims regulation by IFS, CySEC, FCA, and ASIC, investigations reveal that IFSC has no regulatory information related to the company, and CySEC, FCA, and ASIC indicate that the company has misused regulatory or authorization numbers from other companies. Based on this assessment, there is a strong suspicion of fraud associated with Forex Titan, and investors are strongly advised to exercise caution when considering the services of this company. TraderKnows reminds you to be vigilant about the security of your assets and to avoid falling into scam traps.
