WikiFX Scam Alert: CONSOB Warns Against Titancfd!!!

Investors who are still trading forex at Titancfd had better quit trading ASAP!!! Investors who have been deceived by this broker please contact WikiFX to help you recover your funds!!!

First of all, let us start with the most important - the Italian financial regulator CONSOB has issued an official warning on October 17th against Titan-CFD.com, and has blacklisted this specific website. You may check the screenshot below:

It states that the firm has been offering its services on the markets of Italy without the necessary authorization by the regulator, which has then blacklisted it. Such a warning is a definite proof that we are dealing with a scam!

WikiFX also paid a visit to the broker's official website to learn more. Titancfd is allegedly regulated by the HBMC. You might be wondering who, or what is the HBMC. There is nothing anywhere to suggest that this is a regulator of sorts. Actually, this is a made up abbreviation. The HBMC does not exist, and therefore Titan-CFD.com cannot be regulated by something that is not real.

Furthermore, Titan-CFD.com advertises some kind of trading software, but WikiFX couldnt have any access to it. The website did not include any access or downloadable links, and therefore WikiFX was not able to register in spite of endeavors. At this point WikiFX thinks that there really is no trading software anywhere, and everything in terms of trading conditions is a simple but efficient lie.

In addition, the minimum deposit is said to be $200, and there are a total of 9 different accounts. Not only is this too much, but with unlicensed brokers accounts rarely actually apply. It is common of scammers to have higher entry costs than average – they are trying to pocket as much as you will throw their way. For comparison, a micro account nowadays costs about $10 at most.

Now let's search “Titancfd” on WikiFX APP to find out more about this broker. WikiFX is an authoritative global inquiry platform providing basic information inquiry and regulatory license inquiry. WikiFX can evaluate the safety and reliability of more than 36,000 global forex brokers. WikiFX gives you a huge advantage while seeking the best forex brokers.

As you can see, based on information given on WikiFX, Titancfd currently has no valid regulatory license and the score is rather negative - only 1.10/10! WikiFX gives brokers a score from 0 to 10. The higher the score is, the more reliable the broker is.

Investors are advised to search relevant information on WikiFX APP about the broker you are inclined to trade with before finally deciding whether to make investment or not. Compared with official financial regulators which might lag behind, WikiFX is better at monitoring risks related to certain brokers - the WikiFX compliance and audit team gives a quantitative assessment of the level of broker regulatory through regulatory grading standards, regulatory actual values, regulatory utility models, and regulatory abnormality prediction models. If investors use WikiFX APP before investing in any broker, you will be more likely to avoid unnecessary trouble and thus be prevented from losing money! The importance of being cautious and prudent can never be stressed enough.

In a nutshell, it's not wise to invest in Titancfd. The so-called brokerage has an official CONSOB warning issued against it, meaning that nothing here is actually legal. Trust in the Italian regulator - Titan-CFD.com is completely unregulated and a big risk to all investors and their money!

WikiFX reminds you that forex scam is everywhere, you'd better check the broker's information and user reviews on WikiFX before investing. You can also expose forex scams on WikiFX. WikiFX will do everything in its power to help you and expose scams, warn others not to be scammed.