Unregulated

Comment

Saint Vincent and the Grenadines

2012-01-01

1.74

Website

https://www.tallinex.com

Rating Index

Software

6.41

Licensed

Risk Control

1.2

Experience

5.72

Institution

Industry Classification

Unqualified

Trading Platforms

MT4

Basic Information

Registered Region

Saint Vincent and the Grenadines
Operation Status

Abnormal
Operating Period

2012-01-01
Deposit Methods

Not disclosed
Website

https://www.tallinex.com
Market Type

Foreign exchange
Support Languges

English

German

Russian

Spanish

Portuguese

Swedish
Main Business

Forex, metals, commodities, indices
Business Type

Multi-asset broker
Social Media
Contact Details

info@tallinex.com
Type of Accounts

ECN-Micro
Trading Platforms

MT4
Withdraw Methods

Not disclosed
Auto Trading

EA supported

Pros and Cons

Pros: Competitive trading conditions with ECN account, high leverage options; Cons: Unregulated status raises concerns about safety, mixed user reviews regarding fund withdrawal issues.

Company Background

Tallinex is an ECN and STP broker founded in 2012, primarily operating from Saint Vincent and the Grenadines. The broker is not subject to any financial regulation, raising concerns about its operational transparency and reliability. It primarily offers a range of forex and commodity products, catering to both retail and institutional clients. Tallinex has witnessed changes in its corporate structure over its operational years but has consistently positioned itself as a provider of online trading services.

Fund Security

The lack of regulation poses significant risks to client funds. There is no information on segregated accounts or compensation schemes offered by Tallinex, meaning that traders' capital may not be safeguarded in the event of brokerage insolvency. The absence of a robust regulatory framework and transparency raises alarm regarding fund security.

Account Opening

Tallinex offers three account types: ECN-Micro, requiring a minimum deposit of $100, and higher-tier accounts like ECN-Pro and Pro-Managed with higher minimum deposits. The account opening process reportedly requires basic personal information and the submission of identification for verification, though additional details on features and conditions are sparse due to the broker’s unregulated status.

Trading Fees

The trading fee structure at Tallinex features variable spreads starting from 1.5 pips for the ECN-Micro account, with the ECN-Pro account offering spreads from 0.0 pips, though it may also involve commissions. Additional costs such as deposit or withdrawal fees are not specified, which may lead to hidden costs for traders.

Trading Instruments

Tallinex provides access to a variety of trading instruments, including major and minor forex pairs, as well as commodities and indices. However, the specific range of available assets is somewhat limited in comparison to larger brokers, with forex being the primary focus.

Trading Technology

The broker utilizes the MetaTrader 4 platform, renowned for its user-friendly interface and comprehensive trading tools, available across various devices including desktops and mobile platforms. Execution speeds are reportedly efficient, although specific metrics on latency and uptime are not disclosed.

Research and Education

Tallinex’s website provides limited educational resources, with a lack of in-depth research tools, webinars, or tutorials typically found with more established brokers. Traders may find the support for research and educational content inadequate for building trading skills adequately.

Customer Support

Customer support is reportedly available through email, phone, and live chat channels, but reviews indicate inconsistent experiences with response times and service quality. The availability of support in multiple languages enhances accessibility, although feedback suggests that issues related to fund withdrawals have led to dissatisfaction among users.

0 Comments

Share your thoughts Showing 6 of 0 reviews

Leave a Comment

You can fill in your answer in the dialog box below.

Submit

Licenses

Frequently Asked Questions

You can learn more about us faster and better through our FAQs, and find the answers you need below.

Rating Index

Tallinex

Unregulated

Legal Environment

6.41

License Value

Risk Management

1.2

Investor Protection

5.72

Regulatory Policy

Software

Evaluates the regulator's legal foundation, organizational structure, leadership experience, and enforcement capacity. Focuses on whether it enforces strict regulations, maintains transparency and fairness, and engages in international cooperation and technological supervision.
Institution

Analyzes the regulator's policy framework, decision-making process, and enforcement transparency, including rule-making, internal control, and policy implementation effectiveness.
Licensed

Assesses the market value of the licenses issued by the regulator, including entry thresholds, compliance costs, approval duration, and overall global recognition and influence.
Risk Control

Evaluates the regulator's financial stability and risk management capacity, including budgeting, reserves, revenues, expenditures, and ability to respond to market or financial shocks.
Investor Protection

Examines the regulator's complaint-handling and investor protection systems, assessing fairness, responsiveness, and enforcement effectiveness in safeguarding investor rights.

Broker Ranking List

The Database of FXKNOWS comes from the official regulatory authorities , such as the FCA, ASIC, etc. The published content is also based on fairness, objectivity and fact. FXKNOWS doesn't ask for PR fees, advertising fees, ranking fees, data cleaning fees and other illogical fees. FXKNOWS will do its utmost to maintain the consistency and synchronization of database with authoritative data sources such as regulatory authorities, but does not guarantee the data to be up to date consistently.

Given the complexity of forex industry, some brokers are issued legal licenses by cheating regulation institutes. If the data published by FXKNOWS are not in accordance with the fact, please click 'Complaints 'and 'Correction' to inform us. We will check immediately and release the results.

Foreign exchange, precious metals and over-the-counter (OTC) contracts are leveraged products, which have high risks and may lead to losses of your investment principal. Please invest rationally.

Special Note, the content of the FXKNOWS site is for information purposes only and should not be construed as investment advice. The Forex broker is chosen by the client. The client understands and takes into account all risks arising with Forex trading is not relevant with FXKNOWS, the client should bear full responsibility for their consequences.