TALLINEX Review (OUT OF BUSINESS)

 

■ Found: Tallinex was found in 2012

■ Headquarters: TALLINEX is based in Estonia (EU)

■ Regulated: TALLINEX is regulated by the Estonian Ministry of Economic and FSC (check conclusions)

■ Web-Site Languages: English, Russian, Estonian, Finnish, Portuguese

■ Customer Support: 24/5 via Phone, LiveChat, and eMail

TALLINEX TRADING INFO SUMMARY

■ Broker Type: ECN / STP

■ Trading: Forex, CFDs

■ Platforms: MT4 for PC, MAC, and Linux, PAMM platform, Mobile Apps for iOs and Android

■ Trading Time Zone: GMT

■ Demo Account: -YES-

■ Min. Spread on EUR/USD: 0.5 pip (ECN PRO) | 2.0 pips (ECN Micro)

■ Leverage: Leverage up to 500:1

■ Scalping: is allowed –YES-

■ Minimum Account: $100 {for ECN Pro Accounts is $2,000)

TRADING ASSETS

Tallinex offers the following assets:

■ 42 Forex Pairs

■ CFDs Trading

TALLINEX SPREADS & LEVERAGE

TALLINEX TRADING PLATFORMS & MOBILE

Tallinex provides the classic MT4 for PC, Mac, and Linux, MT4 PAMM, plus mobile traders.

■ MetaTrader4 (standard MT4 platform for trading Forex and CFDs)

• Windows PCs | MAC PCs | Linux PCs | MT4 PAMM

■ Tallinex Mobile Traders

• Android app | iOs app
  

TALLINEX NEW ACCOUNT INFORMATION

TALLINEX Minimum Account:

The minimum amount required to open an account with TALLINEX is 100 USD, and account currencies include USD, EUR.

(1) ECN MICRO Account, minimum deposit $100

(2) ECN PRO Account, minimum deposit $2,000

Tallinex Account Types	ECN MICRO	ECN PRO
Minimum Deposit	100 $	2,000 $
Account Currencies	EUR, USD
Fund Methods	BANK WIRE, VISA, MASTERCARD, NETELLER
Minimum Trade Size	0.01 Lot	0.10 Lot
Trading Commissions	NO	$6 / rounded lot
Spreads (minimum)	2.0 pip	0.5 pip
Trading Leverage (max)	1,000:1	500:1
Automated Trading, Scalping and Hedging	YES

CONTACT INFORMATION

TALLINEX REVIEW PROS AND CONS (According to competition)

TALLINEX REVIEW PROS & CONS
Tallinex Review PROS	Tallinex Review CONS
√ PAMM Accounts √ Automated Trading, Scalping, Hedging √ ECN (liquidity via the PrimeXM’s MetaTrader 4 Bridge) √ Free VPS to Tallinex clients trading at least 5 lots per month √ Client Bank Account Segregation	X Regulation only from FSC X Competitive Spreads only on ECN Pro Accounts

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Tallinex Review Conclusions:

Tallinex, found in 2012, is an EU-based Forex Broker. Tallinex is registered with the Estonian Ministry of Economic Affairs and regulated by the Financial Services Authority (FSA) in St. Vincent and The Grenadines. Client funds are separated from company funds in segregated, "off-balance-sheet" accounts at a large European bank.

Tallinex is a No-Dealing Desk (NDD) broker offering true ECN/STP trading, liquidity is provided via a Prime XM bridge. Trading platforms include MT4, MT4 PAMM, and mobile traders for iPhone and Android. For those who want to trade via Expert Advisors (EAs), Tallinex provides a free VPS hosting service to all clients trading at least 5.0 lots per month.

When you open an account with Tallinex you can select among three account types:

•ECN-MICRO (expensive spreads, minimum deposit $100)

•ECN-PRO (tight spreads, minimum deposit $2,000)

•PRO-MANAGED (PAMM) accounts

The ECN-PRO account offers by far better spreads than the ECN MICRO account. For example, you may find EURUSD at minimum 0.5 and typical 0.8 pip spread plus $6/lot trading commissions, which is not a bad deal. Furthermore, USDJPY typical spread is also 0.8 and the GBPUSD typical spread is 1.3 pip. On the contrary, ECN MICRO minimum spread is 2.0 pips. ECN-PRO accounts provide leverage 500:1 and ECN-MICRO 1,000:1.

Tallinex offers 24/5 customer service via LiveChat, Phone, and eMail. Customer support languages include English, Russian, Estonian, Finnish, and Portuguese. Overall the ECN-PRO account type is a ‘must’ for all day-traders and especially Forex scalpers.

 

■ Tallinex Review

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