TALLINEX Spreads, leverage, minimum deposit Revealed

WikiFX | 2021-11-18 18:03

Abstract：Tallinex, founded in 2012, is an ECN/STP broker domiciled in Tallinn, Estonia. It has been verified that Tallinex is not subject to any regulation, so it is unsafe to trade with this broker.

　　General Information & Regulation

　　Tallinex, founded in 2012, is an ECN/STP broker domiciled in Tallinn, Estonia. It has been verified that Tallinex is not subject to any regulation, so it is unsafe to trade with this broker.

　　Market Instruments

　　Tradable financial instruments available on the Tallinex platform include forex currency pair, metals, commodities, as well as indices.

　　Minimum Deposit

　　There are three different accounts available at Tallinex. The ECN-Micro account requires a minimum account opening deposit of US$ 100. Although this requirement seems reasonable, traders are not advised to open trading accounts here given the fact that Tallinex is unregulated anyway.

　　 Leverage

　　In terms of trading leverage, the maximum leverage level offered by Tallinex is up to 1:400, relatively high. Since leverage can amplify gains as well as losses, inexperienced traders are not advised to use too high leverage.

　　Spreads & Commissions

　　Spreads and commissions differ depending on various trading accounts. The ECN-Micro account has variable spreads starting from 1.5 pips for EUR/USD and variable spreads start from 0.0 pips for EURUSD, with certain commission charged in the Pro account.

　　Trading Platform Available

　　Tallinex uses the hugely popular MetaTrader 4 platform in 33 languages and on Windows, iPhone, iOS and Android devices, so traders can trade from literally anywhere using whichever device is most convenient. Tallinex platforms are also available to traders on their Macs, iPhones and androids.

　　Deposit & Withdrawal

　　In terms of deposit and withdrawal payment methods, Tallinex does not make this part clear. In most cases, many brokers support Credit/Debit Card, Skrill, Neteller, Wire Transfer.

　　Customer Service

　　Customer support is provided 24/5 via chat, email and telephone support in English, German, Russian, Spanish, Portuguese, Estonian, Swedish and Finnish. The Tallinex website, though easy to navigate, is available only in English.