Titancfdfx review – 5 things you should know titancfd-fx.com

Titancfdfx review – 5 things you should know titancfd-fx.com

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Beware! Titancfdfx is an offshore broker! Your investment may be at risk.

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Upon opening the site of Titancfdfx we were faced with yet another disappointing instance in which we had secretly hoped to be faced with one of those rare regulated brokers in a sea of scammers. But, alas, Titancfdfx turned out to be yet another scam.

TITANCFDFX REGULATION AND SAFETY OF FUNDS

Titancfdfx has a very dirty trick up its sleeve, but let’s get the other major legal statement out of the way because, frankly, it’s annoying that so many scammers keep on including it.

We are referring to the statement that Titancfdfx is registered in Estonia. First of all, Estonia is a European nation and thus has some inborn severity about it. There is also a local regulator by the name of the Financial Supervision and Resolution Authority (FSA) that does not regulate the broker, not that Titancfdfx ever claims to be regulated by it. The only way that Titancfdfx  is affiliated with the jurisdiction of Estonia is by being illegally registered there.

The bigger claim is the one where the firm states to be licensed by HBMC. After a quick search, we find out that this entity is nothing more than your typical offshore false regulator that “oversees” a bunch of different FX and investment scams throughout. It’s one of many fake regulators that have seen a resurgence. Users should always check the legitimacy of shady looking and sounding regulators, especially when offered by the likes of Titancfdfx.

Add to that the complete lack of legal documents, and you have on your hands a broker that has the power to do anything and to treat it users in any way it sees fit, without repercussions. Not to mention that the clients themselves have no legal backing whatsoever.

Last but not least, we have to mention that Italy’s CONSOB has issued a warning against the broker, which is another sing that this firm has lost it all.

In other words, Titancfdfx is absolutely unregulated and a risk to all. Investing here will be lead to total loss.

Illegal and unregulated brokers spell trouble every single time! They have nothing to offer, unless you count heartache and frustration. These companies are created and run as elaborate scams (not all of them) and they are short-lived as a result of complaints and regulatory actions. But in between the creation of a scam and its downfall many users will lose their money with very little chance of a refund. This money will be redirected to various offshore and untraceable accounts and will serve the scammers to fund their own lavish lifestyles and future scammer projects.
So, really there is no reason to invest or even interact with unlicensed brokers. If you want to experiences the real FX trade, then look no further than any EuropeanUKUS, or Australian-based brokers. These are regulated and fair institutions that treat each customer with care and respect.

TITANCFDFX TRADING SOFTWARE

There was no trading software at all. Once we opened an account, the client area had nothing in terms of a trading software. We were left with nothing to trade on.

Without a software, it means that Titancfdfx has no available trading conditions to offer, and whatever it claims to offer on its site – spreads, leverages, tradeable assets – is actually misleading and false information.

If you are serious about trading, then you cannot go wrong with the Mt4 or MT5.

TITANCFDFX TRADING CONDITIONS

As we revealed, there was no trading software in the user area, and none on the website. This means that the client cannot trade at all here, which begs the question what Titancfdfx really is, if not a broker? A scam? Yes.

The user area itself, accessed after a quick and simple registration process, was very shady and a typical dashboard by fraudsters- a quick and easy fix.

And that’s about it; Titancfdfx does not offer trading conditions of any kind.

For actually trading brokers, we suggest these high leverage offering ones.

TITANCFDFX DEPOSIT/WITHDRAW METHODS AND FEES

The client area reveals that the available payment methods are credit cards, debit cards through a bunch of shady wallets, PayPound, and EasyCrypto4U. There is no minimum deposit, which means that the user can easily invest as low as $1.

The withdrawal area reveals only bank transfer, immediately meaning that the broker does not abide by AML laws.

There are no fees revealed anywhere as there are no legal document. But this does not mean that there are no fee, only hidden ones for sure, as is with many other unlicensed brokers.

Trust only regulated brokers. We suggest, if you like, any one of these minimum deposit brokers that are a great start.

How does the scam work

For years now the scammer process has been, more or less, based on the same simple principle: that of solicitation. Of course, users can also stumble randomly on a scam but this happens very rarely.

Scammers rely mainly on exaggerated advertisement campaigns and phishing tactics, that is to say cold-calling techniques, to recruit their users. On the ads front, users are lured with very striking online ads about unbelievably lucrative opportunities for investments accompanied by imagery of luxury. The client is prompted to provide a contact email and a phone number.

The contact will be established in either case, and the user will be lied to and manipulated until he or she is lead to invest. If you fail to be succumbed to the broker’s sweet talk at some point the representative will stop calling you. But until then, you will be surprised as to the exhaustive repertoire of deceits and lies these scammer have. Essentially, they will try everything to convert you to their shady cause.

A users who has invested will be prompted to deposit at least one more time, but this time a larger sum with allegedly higher chances of hitting it big on the trade game. Obviously the illicit firm in question is making all these claims up; most of them don’t even have trading software!

The time will eventually come when the client will feel cheated, but by then it is usually too late. The broker will either cut all contact with the user, shut down its site, or simply stall the withdrawal request indefinitely.

What to do when scammed

The safest bet at getting your money back is to file for a charge back with your credit or debit card provider – the chargeback period for MasterCard and VISA is 540 days. However, this can only happen if you have invested via a card, or an e-wallet supporting card payments.

Bank transfers are way harder to trace, and the only hope you have is to call the bank itself and try to figure out a reimbursement strategy. But there is no guarantee that this will work. What we can advise if you fall into this state is to immediately change your bank account password and username.

Then there are the crypto transactions which are untraceable and therefore lost for good. So, whenever you see a crypto based payment method with an unregulated broker make sure to stay clear!

Last but not least, we have the recovery agents or agencies which are total scammer of their own. They promise a full refund in return of a one time payable fee, and no small one at that. As soon as this is paid they will disappear without a trace.

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