Titan CFD Review – Not A Safe Scam Broker At Large
Where do we start with this con artist. How about the fact that there’s a fake license number chilling on the website? Or the lie about the owner? The shady trading platform isn’t any better. With all that in mind, we now present to you the Titan CFD Review and the truth about this scam.
|Unlicensed Scam Brokerage
|Blacklisted as a Scam by:
|Via Finance (allegedly)
|Types of Assets:
|Forex, Commodities, Indices, Stocks, ETFs
|Free Demo Account:
|Accepts US clients:
Is Titan CFD a Scam Broker?
Absolutely positively. To prove this, all we have to do is expose the lies behind the tiny discrepancies found at the bottom of the website. Namely, Titan CFD claims to be the brand name of Vie Finance Ltd, regulated by HBMC. A hoax! We found this company, it’s from Greece and operates under the jurisdiction of HCMC, license number 4/792.
And Titan CFD claims to have an address in Estonia. What a bunch of lies. This unscrupulous broker is anonymous and unlicensed.
Titan CFD is an unregulated and fraudulent broker that offers CFD and Forex trading. The scammer says it operates from Estonia and targets traders from the United Kingdom, Italy, Belgium and France.
Why It Is Better Not to Choose An Unlicensed Broker
Safety and security come first. If you trust a licensed broker, you can benefit from numerous regulatory measures introduced to make trading fair and safe.
We’re talking about leverage restriction, negative balance protection, indemnification and segregation of funds. Those are some of the demands required by top European regulators such as the FCA, BaFin, CONSOB, CySEC, etc.
Warning From CONSOB
This is the end of the road for Titan CFD. The financial swindler was caught in its wrongdoing by the stern Italian regulator – CONSOB and the Estonian Finantsinspektsioon. The authorities put the broker on their long blacklist. Therefore, Titan CFD is dead in our eyes.
What Platforms Does Titan CFD Offer? – Available Trade Software
Upon entering the shady website, we saw the fraudster wrote “fully-regulated online trading platform” and immediately rolled our eyes. We’ve already debunked the ‘regulated’ part but what about the actual platform?
Turns out, the broker blocked us from seeing it. Supposedly, there should have been a preview but the web page was broken and there weren’t any download links. Thus, we believe that there is no legit platform there besides a simple browser-based terminal.
Mobile Web Platform
Since it’s a web-based platform, it can be accessed via mobile phone too. However, mobile trading proved to be inferior to PC trading. Mainly due to smaller screen disadvantages.�
Nevertheless, it could be good for quick adjustments but we don’t recommend you trade with Titan CFD.
As for the platform itself, it’s known as WebTrader. This simple terminal is easy to obtain and scammers love it. It makes them seem legit but the platform is actually pretty lackluster without advanced tools.�
Plus, unregulated brokers oftentimes manipulate these web-based platforms to create the illusion of trading while taking the money.
Titan CFD Range Investment Opportunities – Trading Instruments
When it comes to trading assets, Titan CFD, as the name suggests, is mainly engaged in CFDs. There are also Forex currency pairs available but there aren’t any crypto assets there. Here’s an overview of the instruments. Don’t let this neat list fool you, Titan is still illicit.
- Forex pairs – EUR/USD, AUD/CHF, GBP/JPY…
- Stocks – eBay, Pfizer, McDonald’s…
- Commodities – crude oil, copper, aluminum, wheat…
- Indices – IBEX35, WIG20, DOW30…
- ETFs – iShares iBoxx & QQQ.
Titan CFD Fraud Risk Zones – Service Countries
It is also our duty to know where this fraudulent broker conducts its foul scheme. After doing some research, we made a list of countries:
- The UK.
Titan CFD contradicts itself pretty hard on the website. First, it says it doesn’t accept UK clients but then posts fees for them.
On similarweb.com, we found that the scam broker’s website was visited 1.1 million times in October 2022. Titan CFD was most active in Italy, but luckily, CONSOB reacted.
Titan CFD Accounts Overview
The illicit broker offers a total of nine different account types:
- Basic – 200 $;
- Discovery – 2,000 $;
- Silver – 5,000 $;
- Gold – 10,000 $;
- Diamond – 15,000 $;
- VIP – 30,000 $;
- Prestige – 50,000 $;
- Superior – 75,000 $;
- Infinity – 100,000 $.
Titan CFD made a pretty confusing and misleading table so we didn’t even bother to try to understand it. The prices were clear and that’s what we needed. As you can see, they’re outrageously high. The rest of the perks that each type bears were not disclosed.
Company Offers a Free Demo Account?
Not really. Titan CFD says it offers “initial 10 positions for educational purposes” you could use to “trade without fear of losing your money and get more familiar with our platform.” The whole thing is vague as hell. This isn’t a real demo account.
Titan CFD Terms and Conditions
Scammed by Titan CFD Broker? – Allow Us to Hear Your Story
If you’ve been tricked by Titan CFD, don’t despair. We know it’s frustrating but there are ways of getting a refund.
Since the shady broker takes payments via credit cards and bank transfers, you can request either a chargeback or a recall, depending on the way you deposited funds. We can help you there.
What Is the Chargeback Procedure?
A chargeback is used to reverse credit/debit card transactions. It applies to MasterCard and Visa cards and is performed by the issuing bank if you request it within 540 days.�
However, if you’ve provided the scammer with personal documents such as your ID card or passport, the chargeback will fail.
As for wire transfers, you have to request a recall. This process will reverse the transaction but only if it hasn’t gone through yet. Therefore, rush to the bank at once!
If you need help with chargebacks, book a free consultation with our chargeback specialists who will help you to regain your money.
What Is Titan CFD?
Titan CFD is an anonymous and fraudulent broker that claims to offer Forex and CFD trading.
Is Titan CFD a Scam Broker?
Yes. The broker lied about being based in Estonia and provided a fake license number. Titan CFD has been blacklisted.
Is Titan CFD Available in the United States or the UK?
We don’t know about the United States but we did find that the scammer targets UK traders despite claiming it doesn’t provide services there.
Does Titan CFD Offer a Demo Account?
No. There’s no free demo account anywhere on the website.