Titan Pro 500 is an Unlicensed Forex and CFD broker that is based in Hungary, and is allegedly offering you what they claim to be the most popular metatrader4 trading platform. Most of the people indulging with this firm does not have a basic understanding of finance. Moreover, their lack of knowledge is the main exploit which the scammers are taking advantage of. Their service is without a doubt an illegal one and they are bound to face severe consequences in the near future.
Titan Pro 500 is owned and operated by the Hungarian BAR Auditing Kft, located in Budapest with offices all over the world. Their phone number is +442039668665. Customer Support Email is firstname.lastname@example.org.
We all can agree that making money trading online is interesting. However, do not let those dreams enable these crooks to burn a hole in your pocket. Go through our review to fully understand the real nature of this cfd provider.
Titan Pro 500 Review
Titan Pro 500 is calling investors to sign up and join the community of wealthy people and make fortune trading. Apparently, this broker will help users trade with over 79% successful trades. With such claims, we had to investigate and see for ourselves whether these claims were founded. Sadly, these claims are mere sales tactics used by these scam artists to lure investors into signing up. Before signing up with a broker, make sure to do a thorough research on them.
For a broker who claims to pride themselves in winning 79% of times, Titan Pro 500 is a scam. Evidence we uncovered will clearly reveal their bag of tricks and how to avoid their traps. Most investors who signed up with this broker are now ruing after facing withdrawal issues. And this is what makes Titan Pro 500 a certified scam platform. Completely avoid it.
Titan Pro 500 is using a web based platform as their preferred trading platform. We could not see a link to download the MT4 platform they promised. This means Titan Pro 500 is hiding their true trading platform which is dangerous for traders. Investors are never safe with an anonymous platform.
MetaTrader4 is a benchmark platform, dominating the industry for the past 15 years or so.
The platform is light, highly reliable and with an intuitive interface. It also sports an excellent pack of advanced charting tools, as well as numerous customizable market indicators and trading bots, designed to facilitate automated trading sessions – also a definite benefit to all traders, professional and beginner alike. Here you may also check our list of brokers, supporting the MetaTrader4 as well. It is our hope, that they will be able to qualify as a best Forex broker, and truly have the platform promise.
Minimum deposit: $250
Spread: High spread with 3pips for EURUSD pair
Leverage: As high as 1:300
Assets: Forex pairs, Exotic pairs, CFDs on stocks, Indices and Crypto currencies.
Deposit Method: Bank wire and E-Wallet(Cashier)
Support MT4: Not available
As it stands, there are currently 5 plans available for traders looking to sign up the Titan Pro 500 broker. All the 5 accounts have the basic package which includes platform introduction, dedicated Account Manager, financial market introduction. Silver account comes with features of basic account in addition to, Sentimental Analysis, Fundamental analysis, Technical analysis, One on one tutorial, Long and short term strategies, Risk management. Gold account comes with features of basic account and Silver account in addition to: Advanced Trading Strategies, Better spreads, Trading signals, Senior account manager. Platinum account comes with features of basic account + Silver account + Gold account in addition to: Private webinar with ad expert, Live trading with an expert. If you are interested in the 5th account which is the Diamond account, then you need to consult your account manager.
Titan Pro 500 License
A look at the UK’s regulatory body clearly reveals Titan Pro 500 is not licensed or registered. Whoever signs up with this broker should be aware they are partnering with an unauthorized broker. They are not even regulated by the Central Bank of Hungary. Signing up with them is a dangerous move.
Where is their registration number to show validity or licensing? Lack of these vital documents is proof we are dealing with a rogue broker. Ensure you always check whether broker is registered with concerned authorities. Sign up with brokers who have been regulated by FCA or CySEC.
Our best advise for you
Funds are never safe with a broker who is based offshore and has no licensing documents. How does this broker expect users to deposit money with an unknown entity? Have you noticed this homepage lacks documentation page? Where does this broker bank money deposited by users? This means we are dealing with a rogue broker who will steal funds and walk away. Possibly, users are depositing money straight to owner’s personal bank account.
Segregation of accounts is not followed by the broker in question. Why would anyone sign up with a broker who keeps money deposited in one account? Yes, Titan Pro 500 is pooling funds in one account which is extremely dangerous. Users should not expect any compensation from this broker. Titan Pro 500 does not offer any compensatory scheme. We see two sides of a story often with Forex brokers like GCG Asia and LucroTrade.
Titan Pro 500 Review Conclusion
Blacklisting this broker will hopefully prompt relevant authorities to investigate and shut it down. No one should face withdrawal problem with any broker. Stay away from this broker and sign up with approved brokers at all times.
Having experts who will guarantee your safety and making your trading experience worthwhile is enough. Start making the right move and trade with professionals who offer trusted and secure services. Make the right decision and sign up with industry recommended Forex brokers at all times.