The “Real Time Spread” of TitanFX, ECN Forex Broker in New Zealand.
TitanFX is an Online Forex & CFD Broker based in New Zealand.
The broker is newly founded in 2014 though, it’s growing rapidly with its stable background and sophisticated trading conditions.
TitanFX does not run any bonus promotions though, its main advantage is the ECN Execution.
ECN Execution with Raw Spread
Many traders have chosen to trade with TitanFX because of its “Execution Quality” and “Lowest Level of Trading Cost”.
You may never heard of the name of this broker before, but there are many long-time traders with TitanFX.
Let’s see the actual spread of TitanFX.
The below spreads are captured in November 2,016, during normal trading hours, in TitanFX’s blade ECN account.
As TitanFX specifies in its official website, the broker offers “Raw Spread” from 0.1 pip through ECN Blade account. The average minimum spread is around 0.1 – 0.2 pips.
The extra trading commission is $7 per 1 round turn lot, so the actual trading cost would be 0.8 – 0.9 pips.
The trading cost is quite lower than many other Forex brokers, and it is very low as an ECN Forex broker.
For your information, TitanFX requires only 200 USD to trade with that condition. You do not need to have dozens of thousands dollars to open it like many other Forex brokers.
ECN Execution on MT4
TitanFX has showed and proved its true ECN execution in 2 years.
ECN stands for Electronic Communication Network, and the condition guarantees the followings:
- No manipulation or interference to clients orders
- No trading restrictions on the platforms
For over 2 years, no withdrawal delays or suspicious activities are reported before. It you are looking for a Forex broker with the most fair trading environment with reputation, TitanFX is recommended.
For more details of TitanFX, please refer to the page below.