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Titan Pro 500 Review - is it scam or safe?

Titan Pro 500 Review - is titanpro500.com scam or good forex broker?

RATING: 1.1 / 0 REVIEWS Titan Pro 500
Titan Pro 500 is not regulated. We cannot guarantee your money is safe.

Titan Pro 500  is a Hungarian forex and CFD broker offering five account types with a leverage as high as 1:300 and a web based platform. Unfortunately the broker is not regulated so before investing any funds with them be sure to read this review first.

 

Trading account  Min. deposit Max. leverage Spread
Basic Account $250 1:300 3 pips

Silver Account

n/a 1:300 n/a
Gold Account n/a 1:300 n/a
Platinum Account n/a 1:300 n/a
Diamond Account n/a 1:300 n/a

 

Titan Pro 500 Advantages:

 

Leverage as high as 1:300

 

The obvious advantage with Titan Pro 500 is the high leverage they offer to their clients. Despite the associated risks, many traders actively seek to trade with higher leverage, especially after the regulators in Europe, the US, Japan and Canada capped the maximum leverage for retail traders well below 1:100. 

 

Still, if you really want to risk your funds with higher leverage, here you may also check our list of brokers regulated in Australia, basically the only major market, where leverage levels remain unrestricted:

 

>>Brokers regulated in Australia<<

 

Good variety of trading instruments

 

When we tested the Titan Pro 500 trading platform with a demo account we counted over 40 forex pairs, some of which minor or exotic like USDTRY, USDRUB, USDZAR, USDMXN, USDCZK, USDSGD, USDSEK, USDDKK, USDNOK, USDPLN, USDHKD and USDCNH. And we also found CFDs on over20 indices, stocks, precious metals like silver, gold and platinum, oil, natural gas, sugar, coffee, cotton, wheat and even a handful of crypto coins, including Bitcoin, Dash, Litecoin, Ethereum, Ripple and Bitcoin Cash. But if you are interested into the crypto market. here you may also check our list of brokers offering bitcoin  CFDs:

 

>>Bitcoin Forex Brokers<<

 

Acceptable minimum deposit requirements

 

You can start trading at Titan Pro 500 with 250 USD and that seems acceptable as most other brokers require basically the same amount. Still, bear in mind that with some big and well respected companies like FBS and IG you will be able to open a trading account with just 5 USD or even less.

 

Titan Pro 500 Disadvantages:

 

No License

 

Titan Pro 500 and the company behind it - BAR Auditing Kft, are based in Hungary, but unfortunately they are not regulated by the Magyar Nemzeti Bank, the central bank, as they should be and that significantly diminished the reputation of the broker. 

 

Bear in mind that all brokers, that want to target European customers should holed a legit license by an official EU financial regulator such as the Financial Conduct Authority (FCA) in the UK, the Cyprus Securities and Exchange Commission (CySEC), or the Australian Securities and Investments Commission (ASIC).

 

And all EU regulated brokers are required to maintain at all times a minimum capital of at least 730 000 EUR, and to participate in client compensation funds, basically insuring your trading account. 

 

For example with a FCA broker your funds will be insured for up to 85 000 GBP, so here you may check as well our list of brokers licensed by the British regulator:

 

>>FCA Regulated Forex Brokers<<

 

High spreads

 

The spreads we saw with our demo account started at 3 pips (EURUSD is usually the pair with the lowest spread) and that we should note twice higher than the levels traders would usually find attractive with a standard account. So here you may also try our brokers trading with tighter spreads:

 

>> Lowest spread forex brokers<<

 

Trading bonuses

 

Titan Pro 500 offers trading bonuses, linked to a minimum trade volume requirement. You can see for yourself. 

 

 

Just bear in mind that no legit broker will ever restrict your right to withdraw your own deposit and that is why the practice of offering trading bonuses is prohibited on most regulated markets like the EU.

 

MetaTrader4 available 

 

Titan Pro 500 says to be offering the MetaTrader4, but in reality the only available platform was a web based one.

 

 

And we do miss the MetaTrader4  – one of the best and most reliable trading systems on the market, featuring nearly 100 modifiable market indicators, and over a dozen also customizable trading robots, with which you can easily run automated trading sessions. And MT4 sports an excellent set of advanced charting tools as well, so here you may check our list of brokers, where the platform is also available:

 

>>MT4 Brokers<<

 

Few payment methods available

 

Unlike most other brokers, which accept payments with credit cards like VISA and MasterCard, bank wire and various e-wallets like NetellerSkrill and PayPal, Titan Pro 500 accepts solely bank wire transfers and a single e-wallet called Cashier. And besides some companies even accept payments with bitcoins, so here you may also check our list of brokers where you can pay with bitcoins:

 

>>Forex Brokers Accepting Bitcoin<<

 

Conclusion:

 

Titan Pro 500 not a regulated broker and that is why your funds might be at risk. So here once again we will repeat our usual advise - chose only among brokers with legit licenses, issued by a well known and well respected regulator, such as the FCA in the UK, CySEC in Cyprus or ASIC in Australia.

Latest news about Titan Pro 500
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Traders` reviews for Titan Pro 500

Spread

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Price feed

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Platform

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Deposit/Withdraw

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