Titan Pro 500 – another "financial broker"
Do you want to trade in Forex and look for a reliable platform? If you are new to this business, you run the risk of running into fraudsters. How to protect yourself? It’s simple. Read reviews and reviews on the Internet, and first of all on the site baxov.net. We always have the most current database of scammers. For example, Titan Pro 500 – another scam. Although the crooks themselves position themselves as a successful international CFD provider. Let’s see why this project is fraudulent.
Famous project names
- Titan Pro 500
Links to the project website
E-mail address of the project
Attention! scammers very often change the address of their scam. Therefore, the name, website address or email may be different! If you did not find the address in the list, but the scam is very similar to the one described, please contact us or write about it in the comments!
Project Information “Titan Pro 500”
On the page “About Us” You can read the following:
Titan Pro 500 – a fast-growing CFD provider (Contract for Difference Prices), which provides advanced trading solutions for stocks, currency pairs, goods and indices using innovative trading technologies.
it lie from the first to the last word. But we read further:
Titan Pro 500 – Hungarian company with headquarters in Budapest and offices around the world. We are an authorized broker offering traders of all levels more than 70 available assets to choose from along with a wide range of additional tools to make your trading more efficient.
Swindlers website not translated into hungarian (there are Russian, English and Arabic languages). Native Hungarians cheated? Office address specified only one and that fake.
There are five types of accounts, but the tariff conditions are hazy:
- Introduction to the platform
- Personal manager
- Introduction to the financial market
- All the benefits of Basic
- Detailed analysis
- Comprehensive analysis
- Technical analysis
- Individual leadership
- Short-term and long-term strategies
- Management of risks
- All the benefits of the Basic and Silver packages
- Advanced Trading Strategies
- Improved Margin
- Trading signals
- Senior Account Manager
- All the benefits of the Basic, Silver and Gold packages
- Individual webinar with an expert
- Trading “live” with an expert
- Ask your account manager
To learn something specific, you need to register and knock on the mail broker. Why do we need this cat in a bag? Besides lazy. I registered, but did not receive detailed instructions. The site works disgustingly. Its owners obviously saved on the programmer, since some pages are loaded through time and work incorrectly. The software used on the resource is only imitates bidding.
Email: (email protected) – while working
Phone in the UK: +442039668665
Address in Hungary: 1068, Budapest Kiraly ut.80
Site technical data:
- Domain Registered January 29, 2019
- The name of the owner is hidden privacy settings
- AI pi 126.96.36.199 (another 458 sites are located at this network address)
- Server is in California
Exposing the project “Titan Pro 500”
First of all, I was embarrassed by the fact that the address is Budapest, and the phone number is English. In addition, at the very bottom of the site it is written that the company has been operating since 2014, but the domain has been registered this year! Also down there Denial of responsibility. Quote:
INVESTMENT RISK WARNING!
REMEMBER THAT CFD USES A LOAN SHOULDER AND CAN LEAD TO LOSS OF ALL CAPITAL. TRADING CFDS MAY BE UNAVAILABLE FOR YOU. PLEASE ENSURE THAT YOU FULLY UNDERSTAND ALL RISKS.
I.e guarantee earnings and insure deposits no one is going!
Below comes the following message:
Titan Pro 500 owned and operated by the company BAR Auditing Kftlocated at: 1068, Budapest Kiraly ut.80, company registration number 01-09-174279.
A company with this name and number actually exists, but BAR Auditing Kft engaged accounting, auditing and tax advice (type of activity in Hungary 6920’08), rather than Forex trading. Now company under liquidation.
Now let’s read Customer agreement. It is sad. Here are the saddest points:
3Disclaimer of Warranties
3.1 The Company does not give any information about the results obtained from the use of this Website, the Services, the information or its content.
3.2 Any use of this site, the customer is at your own risk. The information on this website is provided “as is” and “as available”.
3.3 Company does not guarantee the accuracy, completeness, security or timeliness of the preparation of data, information or Services provided on or through the use of the Website, directly or implying, for any particular purpose.
3.4 The Company, its licensor and its suppliers, to the extent permitted by law, do not recognize warranties of any kind, express or implied, established by law or otherwise, including, but not limited to, implied warranties of commercial quality, non-compliance with third-party rights and compliance with a specific goal. .
5. Limitation of liability
5.1 Company disclaims all liability for any loss, civil liability, damage (direct, indirect or consequential), personal injury or expenses of any nature that may be incurred by the Client or any third party, as a result of or directly or indirectly related to the access and use of the Website, any the information contained on the Website, the Client’s personal information or materials and information transmitted through the Company’s system …
… and further in the same vein.
Point 9.3 is just awful:
With respect to any Transaction entered into pursuant to the Agreement, The company may act at its own discretion. as principal or agent on behalf of the Client. Thus, the Company can act as a counterparty in relation to the trading activities of the Client. The client confirms that he acts as a principal, and not as an agent or trustee on behalf of someone else.
In these transactions, one party remains in profit, the second at a loss. Guess who is at a loss? That’s right, the investor remains at a loss!
And the last moment. In the contract indicated that the company operates in the jurisdiction of the United Kingdom. In addition, it is clear that the project is focused on the Russian-speaking audience. But neither British nor Russian regulators gave a license Titan Pro 500. That is, the company operates illegally, and therefore can not trade in Forex.
Possible losses on the project “Titan Pro 500”
Total: calculation of possible losses on the project any amount
Conclusion about the project
Titan Pro 500 – scam. Swindlers created pseudo-trading platformbut in fact we just have hype. Do not spend money on this dummy. You will not be able to earn money, but you will lose deposits.