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Tallinex.com, founded in 2012, is an ECN/STP broker domiciled in Tallinn, Estonia. It is registered under Estonian Ministry of Economic Affairs and Communications and is regulated by the FSA in St Vincent and The Grenadines jurisdiction. In its short history, Tallinex has rapidly built an enviable reputation for being reliable, honest, and very competitive with commissions and spreads, all of which has attracted significant interest from money managers and high net worth (HNW) clients from around the globe.
There are three different accounts available at Tallinex. The ECN-Micro account has variable spreads starting from 1.5 pips for EUR/USD, a minimum account opening deposit of US$ 100 and leverage that runs from 1:1 up to 1:400. The ECN-Pro account is designed for traders new to the Forex market, and those needing to trade smaller volumes. It requires a minimum account opening deposit of US$ 2,000. Variable spreads start from 0.0 pips for EURUSD and leverage is provided from 1:1 up to 1:200.
The Pro-Managed account is designed for Tallinex clients who want to take advantage of the high potential profitability the Forex market offers, but do not have the time or the desire needed to master the currency markets. It provides the ideal trading conditions for professional and institutional traders alike.
Money Managers use the Tallinex's PAMM system so traders can trade their accounts without needing direct access to it. Traders who wish to access their accounts can do so whenever they wish and can monitor their trades in real-time. In addition, all account holders receive a Daily Statement by email that shows the account activity for that day and provides a more permanent record of trades placed. They also offer MAM (Multi Account Manager) solutions with percentage allocation option.
There are demo accounts that use Tallinex’s live feeds and real spreads for strategy evaluation. Active demo accounts never expire, but accounts that have been dormant for 30 days are automatically deleted.
Tallinex offers traders guaranteed low spreads, superior liquidity from multiple sources and straight-through order processing (no dealing desk.) Hedging, scalping and all EAs are accepted and, with leverage up to 1:400 and there are no restrictions for US and British Columbia traders.
I was surprised when doing the Tallinex review to discover that there was no mention of any educational material. Most brokers offer at least the minimum tutorials or basic information but there wasn’t any of this at Tallinex.
Customer support is provided 24/5 via chat, email and telephone support in English, German, Russian, Spanish, Portuguese, Estonian, Swedish and Finnish. The Tallinex website, though easy to navigate, is available only in English.
Tallinex uses the hugely popular MetaTrader 4 platform in 33 languages and on Windows, iPhone, iOS and Android devices, so traders can trade from literally anywhere using whichever device is most convenient.
As is well known, MetaTrader’s technical analysis tools work wonders to simplify market analysis, and its easy-to-understand interface allows real-time trading – either manually, or with the assistance of trading robots (EAs).
Tallinex platforms are also available to traders on their Macs, iPhones and androids.
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Review info: Tallinex
Review Date: 2015-02-11
Rating : 2
Reviewed By : Sara Patterson (Google+)