Titan Pro 500 (Titanpro500.com) is a dreadful CFDs and Forex broker scam to hit the market. TitanPro500 is purporting to offer a one click trading platform to anyone who signs up with them. TITAN PRO 500 is claiming to offer up to date trading signals which are sent through emails and SMS. Tom Barragry lost $5,000 while trading with this broker, the basis for our investigation. Read our TitanPro500 Review.
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Tom had thought this was his chance to start a lifelong dream of trading in the stock market. Landing on Titan’s homepage, he immediately signed up and deposited $5,000 with this broker. Problem is Tom did not read any reviews or conduct an investigation of his own regarding Titan Pro 500. In order to protect our readers from falling into this trap, we had to conduct a thorough investigation. Read this review and find out what we found out.
This broker claims to help users trade with ease in a few clicks. What every trader should ask whether these claims are true. And of course, this broker smells of scam from a mile away. Titan Pro 500 is simply out to steal funds. Their homepage is riddled with fake propaganda. Users are asked to join the community of wealthy people who use this platform. To add salt to injury, this broker claims to make users a fortune. These are over the moon claims which will never materialize.
Problem with this broker is lack of proper regulation and fake claims. Who are these experts who provide consultation services? Anonymity is a big problem with this broker since no one knows them. No one knows who the real owners of this platform are. And this is another problem with Titan Pro 500. How can users trust an anonymous broker with funds? This is why scammers stay long without being exposed. Remaining anonymous is what scammers want at the end of the day.
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Where can we get these experts and how can we talk to them? Lack of details regarding these experts was our main concern. Scammers will do or say anything to make products and services appear to be true. This is exactly what this broker has done. Use big claims and names to attract users to sign up with them. Users are also promised valuable bonuses once they sign up. Be careful of brokers who offer bonuses as they soon find ways to take them back.
To our knowledge and investigation, this broker is far from being licensed by any regulatory body. How can this broker be licensed when they fail to give details of where they are registered. Posting an image with Google maps suggesting to be based in Budapest can’t be trusted. Anyone can use Google images and claim to be based anywhere on the planet. Reason they chose Budapest is they want to be seen as EU Compliant. This is not the case.
Where are their licensing and registration documents to prove authenticity? Lack of these details is proof we are dealing with a rogue broker. Any broker who fails to issue licensing documents is not to be trusted. Tom did not realize he deposited funds with an unlicensed broker. Recovering funds is hard with any anonymous and unlicensed broker. Ensure you stay away from any broker who lacks these vital certificates. This means this broker maybe offshore based after all.
Titan Pro 500 is offering users over five different account types to choose from. These account types include Basic, Silver, Gold, Platinum, and Diamond. Problem with these accounts is proper details regarding their features. Why has this broker failed to give details to minimum required deposit? It’s clear this broker wants to trap any investor who signs up. Depositing funds should not be in your mind with this broker.
What this broker has done with accounts is provide similar features in all accounts. And what are these basic account benefits? Why has the broker failed to give users the benefits of each account? Who are these dedicated managers? What are their social media accounts so traders can verify and talk to them? These account managers maybe a hoax to try and make the platform appear legit. In fact, there could be no account manager at all! Stay clear from this broker.
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This broker claims to offer MT4 trading platform as their preferred tool of trade. This platform is web based and we decided to investigate how well it works. Sadly, we started facing problems immediately we started trading. Execution was slow and platform was highly unstable. There’s a huge problem with unstable platforms. Unstable platforms are a huge risk to any trader who uses them.
Hackers will steal credit card information and personal data and gain access to your bank account. These hackers can also purchase goods and services and pay using your credit card. .
With the above details in mind, this broker will never safely secure funds deposited with them. No one knows which bank they use to bank money deposited by users. How can we trust a broker who will sell personal data to hackers? It’s also possible traders are depositing money straight to owner’s personal bank account. Another reason to doubt security of funds with Titan Pro 500 is how unsafe their website is. There’s no SSL encryption protection.
When it comes to segregation of accounts, this is not the case. This means Titan Pro 500 is pooling funds in one account. In case bankruptcy or insolvency occurs, this broker will lose all funds deposited with them. Members of this platform should not expect any compensation. As it turns out, Titan Pro 500 does not participate in a compensatory scheme. Stay away from brokers who don’t follow set regulations and rules.
Without a shadow of doubt, this broker is a certified scam. From lack of proper documentation to fake claims, Titan Pro 500 is a fraud. Make sure to stay away and ignore all calls to sign up. Mark all their emails as Spam and never click on any links sent by this broker. Warn your family and friends from signing up with this broker.
Being ardent traders, we feel we must protect our users and readers from this platform. By exposing their fraudulent nature, traders will be protected at all times. Adding this platform to our scam blacklist will help expose their fraudulent nature. This will hopefully prompt relevant authorities to look into this platform. Stay away from Titan Pro 500 and sign up with industry backed and recommended platforms.
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Finally, we wish you all the best in your Crypto trading experience.
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