Tallinex Review

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Company Overview

Tallinex is a young forex broker company established in 2012. Its headquarters is based in Estonia, and its offices are located in Estonia and St. Vincent and the Grenadines. It operates under the Estonian Ministry of Economic Affairs and Communications and is controlled by the FSA in St. Vincent and the Grenadines. Tallinex has a fair reputation in the forex market. It is growing very quickly as compared to other newly-found forex brokers. It offers leading trading platforms and a number of currency pairs for trading options and investment.

Trading Platforms

Tallinex only offers one trading platform: MetaTrader 4. It is the most favored instrument in the trading market. It is available in 32 independent languages. Its analysis resources help clients in trading with ease. Tallinex’s MetaTrader 4 supports Mac OS, Linux, Android, and iOS, so it is easier for its clients to trade from any device they want.

Tallinex allows its clients to choose from three different accounts: ECN Micro, ECN Pro, and PRO Managed. ECN Micro account is for those traders who are fresh to the forex trading industry and would prefer trading at a smaller scale. Its spreads start from 1.8 price interest points (pips) EUR/USD and average spread is 2.5 pips EUR/USD. It allows new traders to do trading entirely commission free. Leverage is from 1:1 up to 1:1000. Least trade size and least increment are 0.01 lots, whereas the least account opening deposit is 100 USD/EUR.

ECN Pro account is for professional traders. Its spreads start from 0.0 pips USD/EUR with an average of 0.6 pips USD/EUR. On every 100,000 round turn, there is a commission for 6 pips USD/EUR. Leverage is from 1:1 up to 1:500. The least trade size is 0.10 lots and the least increment is 0.01 lots, whereas the least account opening deposit is 2000 USD/EUR. The margin call is 150% and stop out extent is 100%.

PRO Managed account (PAMM) is for those who don’t understand the money market but want to take advantage of the high gain money markets offer. Both ECN Micro and ECN Pro’s managed accounts are obtainable where spreads start from 0.0 pips USD/EUR with an average of 0.5 pips USD/EUR. Leverage is the same as ECN Pro, and the least trade size is 0.01 lots. Also, there is 100% bonus for all deposits.

In all three accounts, there is no restriction on hedging and scalping and no dealing desk involvement. Pricing is set to 5 decimal places. All accounts support VISA, Neteller, bank wire and MasterCard.

Features

  • Leverage is up to 1:1000
  • Price decimal places are set to 5
  • Multi-lingual customer support
  • Various options for depositing and withdrawing money
  • Hedging and scalping are allowed
  • Two different choices of currency (USD/EUR)
  • Spreads starting from 0 pips
  • US traders are allowed

Customer Service

Tallinex allows its clients to contact them by e-mail, live chat, and phone call. Customer support is available in 8 different European languages: English, Swedish, Finnish, German, Portuguese, Estonian, Russian and Spanish. It is available 24 hours a day and 5 days a week.

Conclusion

Tallinex is a trustworthy forex broker which provides ease to professional and non-professional traders. It attracts clients with no restrictions on hedging and scalping, bonuses, and multi-lingual customer support system.

Office website: https://tallinex.com/

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