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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 / 4 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
No news about Titan Pro 500. Check back later.
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Traders` reviews for Titan Pro 500

Spread

Pros

Cons

 

 

Slippage

Pros

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Requotes

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Price feed

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Platform

Pros

Cons

 

 

Deposit/Withdraw

Pros

Cons

 

 

Customer service

Pros

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Summary

Pros

Cons

 

 

problems with verification

I had some problems with my account verification, it was soooo long, and this is the big problem, I think...
This platform offers you leverage on BTC/USD right from the start... my humble advice is to ask for 2x AT MOST, so you don't get liquidated in an instant in a price swing

Recep 09/20/2019

Titan Pro Scam

Do not deal with this comnpany unregulated and total scam there bank details are as follows do not send money


Kenny Jones
12:11 (1 minute ago)
to Kennyjones25

Use the below details to make an international wire payment. Make sure you include the reference below as it is shown.
Bank Name:
Barclays Bank plc
Beneficiary: The Currency Cloud
Beneficiary address: The Steward Building, 12 Steward Street, London, E1 6FQ
United Kingdom
SWIFT/BIC:
BARCGB22
IBAN:
GB91 BARC 2006 0565 4685 66
Account Number:
65468566

Reference//Description// purpose of payment
190710-00048

bob 08/08/2019

Big problem with account money withdrawal.

It is a very bad broker. They are very bad person. You never withdraw your money from your trading account. I recomended please leave this broker as soon as possible.

Md Ashraful Alam 08/06/2019

money are taken from my account without permission

titan pro agent took money from my account without my permission. the broker who called said no money are taken from my account without permission but exactly this happened.i discovered this after the conversation finished and i called back at the office number and i explained that i want to close the account straight away and get a refund.they told me i have to do some operations before a get my account closed so an "experienced" manager showed me what to do.he advised me to open 3 positions and keep them for 3 days and he will call me on the third day to tell me when to close the positions. guess what after 3 days no funds into my account opened with them. the phone number is not valid any more. be aware people of scams, you don't know when you will fall into it.

stefania 08/02/2019
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