Tallinex Broker Review – Trade Smarter: Gotten started in 2014, Tallinex works from Saint Vincent as well as the Grenadines. Depending entirely on finance isolation and alluring trading conditions, it tries to speak to financial traders looking for a broker. The firm goes about as a genuine ECN/STP broker, killing any seller mediation.
Tallinex is a financial brokerage service offering Foreign currency trading services via MetaTrader 4 trading platform. Regarding orders execution model, Tallinex is most probably a hybrid broker – both a-book and a b-book broker. Tallinex also offers the trade of currencies, commodities as well as bitcoin.
Tallinex centers around risk mitigation, driving them to create exclusive trading technologies. Its specialized investigation apparatuses help with the expectation of currency changes and following of constant trading. Committed servers and also the most recent cutting edge programming ensure showcase driving reaction times. It also offers profoundly proficient preparation of trades and the most elevated level of liquidity.
Trading Account Types For Tallinex Broker
ECN MICRO Account
- Variable spreads starting at 1.8 pips
- Average spread is 2.5 pips
- Commission-free trading
- Leverage from 1:1 to 1:1000
- Smallest trade size is 0.01 lots (1,000)
- The smallest increment is 0.01 lots (1,000)
- The minimum opening deposit is $100 / EUR 100
- No dealing desk intervention
- Margin call / Stop-out levels: 150% / 100%
- No re-quotes
ECN PRO Account
- Variable spreads starting at 0.0 pips
- Average spread is 0.6 pips
- ECN commission of $6 per 100,000 round turn
- Leverage from 1:1 up to 1:500
- Smallest trade size is 0.10 lots (10,000)
- The smallest increment is 0.01 lots (1,000)
- Minimum opening deposit is $2,000 / EUR 2,000
- No dealing desk intervention
- Margin call / Stop out levels: 150% / 100%
- No re-quotes
- Hedging allowed
- Pricing to 5 decimals
- True ECN liquidity
PRO MANAGED Account
- Variable spreads starting at 0.0 pips
- The average spread of 0.5 pips
- Leverage from 1:1 up to 1:500
- Smallest trade size is 0.01 lots
- No dealing desk
- Margin call / Stop-out levels: 150% / 100%
- No re-quotes
- Pricing to 5 decimals
- 100% bonus for all deposits
- Also True ECN liquidity
Trading Platform
Tallinex gives the MT4 trading platform, making it accessible to universal customers in 32 dialects. Its implicit specialized investigation devices help with the forecast of value vacillations and the following of ongoing business sector developments. Devoted servers and cutting edge programming cooperate to guarantee quick reaction times, proficient trade preparing, and the most remarkable conceivable degree of liquidity. The firm uses an STP model with constant market and value took care of by FSA controlled banks. Supporting is permitted, as are scalping systems and different kinds EAs, without any limitations.
Leverage
As of now, 1:1000 is the maximum leverage limit for ECN-MICRO account types. There is a maximum leverage proportion of 1:500 for ECN-PRO accounts.
Trade Sizes
The smallest trade size is 0.01 parts for the ECN-MICRO account and 0.10 parcels for the ECN-PRO account. The PRO MANAGED account likewise has a minimum trade size prerequisite of 0.01 parts. There is no data concerning the most significant permitted trade size, yet the MetaTrader 4 base platform has a maximum remittance of 1,000 pieces. Do check with the Tallinex bolster group in case you’re anticipating going into huge positions.
Trading Costs
If one picks the ECN-PRO account, It is obligatory to pay a commission charge of $3 per $100,000. There is no commission levied on the ECN-MICRO account, yet one can also expect higher spreads with this account type. There is no notice of any commission charges according to the PRO-MANAGED account type.
Spreads
The base spread on the ECN MICRO record is 1.8 pips, while the base on the ECN PRO is 0.0 pips. The typical spread on the EUR/USD pair with the Micro account is 2.5 pips and 0.6 pips on the PRO account.
Deposit and withdrawal Methods
The bank wire transfer is the only supported method of depositing as well as withdrawing funds from the trading account.
Bonuses and Promotions
All customers are naturally qualified for a 100% withdrawal store bonus. The company records each deposit of new assets, and one also can get cashback after meeting the necessary trade volume. The volume necessity is at present set at 0.50 parts per currency unit traded. There is no time boundation for achieving the full essential.
Educational & Trading Tools
The Tallinex training focus gives various aides, a digital book, foreign currency trading guidelines, FX methodologies etc. One can find a news segment additionally on the organization website. However, this doesn’t give off an impression of being refreshed much of the time. The platform itself incorporates most of the instruments, as well as the firm offers free forex signs to all customers.
Demo Account
Tallinex gives free demo accounts, and these won’t terminate, given that one operates it regularly. Following a time of 30-days of idleness, the broker will consequently erase any unused demo account. As per data found on the broker’s website, demo accounts act precisely like live accounts, having similar determinations and value feed. It is fantastic, as it permits one to encounter precisely what it resembles to trade with this broker.
Customer Service For Tallinex Broker Review
- Office Address: The Jaycees Building, Stoney Ground, PO Box 362, Kingstown, VC0100, St Vincent and the Grenadines.
- Email: [email protected]
- Telephone: +1-855-241-2214
Final Words For Tallinex Broker Review
Tallinex is an online broker established in 2008 offering foreign exchange trading as well as share dealing trading. Tallinex Broker is a worldwide broker and has an administrative center in Saint Vincent and the Grenadines. It has a recorded stock image. It implies that Tallinex is publicly listed and one can purchase shares on one of the world’s worldwide market trades. The brokerage services offer the best trading conditions in the financial market. Tallinex broker has over $10 billion monthly trading volume, which makes it the largest broker. When trading in the financial markets, it very well may be very tedious to locate a broker that addresses your issues.
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