TALLINEX -ENDED- OVERALL SCORE {64.92%} (?)
Tallinex is an ECN Forex broker that accepts US traders. It offers PAMM accounts and free VPS hosting for automated trading using Expert Advisors (EAs).
■ Deposit Requirements: 100 USD ($2,000 for ECN Pro)
■ Funding: Visa | Mastercard | Bank Wire | Neteller
■ Platforms: MetaTrader-4 | MetaTrader-5 | MultiTerminal | Mobile Traders
■ Customer Support: English | Arabic | Russian | Spanish | Chinese | Dutch | French | German | Italian | Japanese | Korean | Portuguese | Turkish
The Rating Formula 5.0 gives Tallinex a good rating for trading options and technology (including free VPS and PAMM accounts), but a very poor rating for fund safety. This is due to its offshore headquarters, limited regulatory oversight, and the lack of client protection in the event of insolvency.
📊 TALLINEX RATING SUMMARY
The following table contains Tallinex's rating summary based on (i) three rating aspects, (i) three experience levels, and (iii) three trading styles.
| FOREX BROKER RATING | (MAX 100%) |
|
31.9% |
|
69.6% |
|
80.4% |
|
87.5% |
|
64.92% |
| TRADING EXPERIENCE | |
|
67.6% |
|
56.5% |
|
56.5% |
| TRADING STYLE | |
|
60.6% |
|
57.0% |
|
77.7% |
📝 TALLINEX DETAILED RATING REVIEW
| TALLINEX RATING ANALYSIS | ||||
| TALLINEX TOTAL RATING | 100.0% | Tallinex | ||
| 64.92% | ||||
| A. TALLINEX SAFETY OF FUNDS | MAX WEIGHT→ | 28.0% | 8.92% | Rating the Tallinex Safety |
| A.1 Tallinex License / Regulation | FCA (UK) = 10.0% | FINMA (Swiss) = 10.0% | NFA/CFTC (US) = 10.0% | BAFIN (GE) = 8.0% | ASIC (AU) = 8.0% | FSC (NZ) = 6.0% | CYSEC (Cyprus) = 6.0% | HCMC (GR) = 3.0% | FSC (BVI) = 1.0% | MiFID (EU) = +0.5% rating | 10.0% | 1.00% | Tallinex is regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines = 1% rating |
| A.2 Tallinex Client Compensation in Case of Insolvency | Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% Covering 50,000 USD/EUR/GBP = 5.0% | Covering 20,000 USD/EUR/GBP = 4.0% | Covering 10,000 USD/EUR/GBP = 3.0% |
5.0% | 0.00% | No compensation in case of insolvency = 0.0% rating |
| A.3 Tallinex Country of Headquarters | UK, USA, Germany, France, Canada, Switzerland, and similar = 5.0% rating | Australia, New Zealand = 4.0% rating | Ireland, Spain, Italy, Cyrpus, and similar countries = 3.0% rating | Greece, Malta, South Africa = 2.0% rating | Offshore Countries = 0% | 5.0% | 1.00% | Tallinex is registered under the Estonian Ministry of Economic Affairs = 1.0% rating |
| A.4 Tallinex Years in the Market | 10+ Years of Operation = 5.0% rating | 5-10 Years of Operation = 4.0% rating | 2-5 Years of Operation = 2.0% rating | 0-2 Years of Operation = 0% | 5.0% | 4.00% | Tallinex was found in 2012 (5-10 years) = 4.0% rating |
| A.5 Tallinex Client Account Segregation | Client bank account segregation = 2.5% rating | No = 0.0% | 2.5% | 2.50% | Client funds are separated from company funds in segregated "off-balance-sheet" accounts at an European bank = 2.5 rating |
| A.6 Tallinex Web Ratings | ForexPeaceArmy Rating = 0.5% rating | 0.5% | 0.42% | Tallinex ForexPeaceArmy Rating is 4.2/5.0 = 0.42% rating |
| A.7 (+) Tallinex ADJUSTING RESULTS | ||||
| A.7.1 Tallinex Corporate Size | 1 million Trading Accounts = +1.0% rating | 500,000+ Accounts = +0.5% rating | 250,000+ Accounts = +0.25% rating | 1.0% | 0.00% | Tallinex holds less than 250,000 accounts = 0% Rating |
| B. TALLINEX TRANSACTION COST | MAX WEIGHT→ | 28.0% | 19.50% | Rating the Tallinex Transaction Cost |
| B.1 Tallinex spread on EURUSD | <0.3 pip = 7.0% rating | <0.4 pip = 6.5% | <0.5 pip = 6.0% | <0.6 pip = 5.5% | <0.7 pip = 5.0% | <0.8 pip = 4.5% | <1.0 pip = 4.0% | <1.25 pip = 3.5% | <1.50 pip = 3.0% | <1.75 pip = 2.5% | <2.00 pip = 2.0% | <2.25 pip = 1.5% | <2.50 pip = 1.0% | <2.75 pip = 0.5% | 7.0% | 4.50% | EURUSD spread is 0.75 pip = 4.5% |
| B.2 Tallinex spread on GBPUSD | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 3.50% | GBPUSD spread is 1.1 pips = 3.5% |
| B.3 Tallinex spread on USDJPY | <0.85 pip = 4.5% rating | <1.00 pip = 4.0% rating | <1.25 pip = 3.5% rating | <1.50 pip = 3.0% rating | <1.75 pip = 2.5% rating | <2.00 pip = 2.0% rating | <2.25 pip = 1.5% rating | <2.50 pip = 1.0% rating | 3.00 pip = 0.5% rating | 4.5% | 4.00% | USDJPY spread is 0.9 pips = 4.0% |
| B.4 Tallinex Trade Commissions | No Commissions = 7.0% rating | Commissions < $1.0 / lot = 6% rating | < $1.5 / lot = 5% rating | < $2.0 / lot = 4% rating | < $3.0 / lot = 3% rating | < $4.0 / lot = 2.0% rating | < $5.0 / lot = 1% rating | < $6.0 / lot = 0.5% rating | Higher Commissions = 0% rating | 7.0% | 0.50% | $6.0 per full traded lot ($3 on each side) = 0.5% Rating |
| B.5 Tallinex Overnight (SWAP) rates | Cost < $1.5 = 2.00% rating | Cost < $2.0 = 1.75% | Cost < $2.5 = 1.50% | Cost < $3.0 = 1.25% | Cost < $3.5 = 1.00% | Cost < $4.0 = 0.70% | Cost < $4.5 = 0.50% | Cost < $5.0 = 0.25% | 2.0% | 2.00% | Tallinex rollover on a Long EURUSD trade worth 1 lot ($100,000) is -$2.05 | Tallinex rollover on a Short EURUSD trade worth 1 lot ($100,000) is +$1.2 | Total cost in absolute value is $0.85, rating = 2.0% |
| B.6 Tallinex Commissions on Funding | No Funding Fees = 2.0 % rating | One (1) Free Withdrawal Per Month = 1.0 % rating | Funding Fees Without Free Withdrawal = 0 % rating | 2.0% | 2.00% | Tallinex does not charge withdrawal commissions = 2.0% rating |
| B.7 Tallinex Inactive Fees | No Inactive Fees = 1.0 % rating | Yes Inactive Fees = 0 % rating | 1.0% | 1.00% | Tallinex does not charge Inactive Fees = 1.0% rating |
| B.8 (+) Tallinex ADJUSTING RESULTS | ||||
| B.8.1 Tallinex Execution Model | ECN Execution = +2.0 % rating | STP = +1.5 % rating | Dealing Desk = +0.0% rating | 2.0% | 2.00% | ECN Order Execution Model = +2% rating |
| C. TALLINEX TRADING OPTIONS | MAX WEIGHT→ | 28.0% | 22.50% | Rating the Tallinex Options for Traders |
| C.1 Tallinex Forex Asset Index | 45+ Pairs = 8.0% rating | 40+ Pairs = 7.0% rating | 35+Pairs = 6.0% rating | 30+ Pairs = 5.0% rating | 25+ Pairs = 4.0% rating | 20+ Pairs = 3.0% rating | 15+ Pairs = 2.0% rating | 10+ Pairs = 1.0% rating | Less than 10 Pairs = 0% rating | 8.0% | 8.00% | Tallinex Provides about 50 Forex Pairs = 8.0% rating |
| C.2 Tallinex CFDs | CFD Trading on MT4 = 2.5% rating | CFD Trading on WebTrader = 1.5% rating | No CFDs = 0.0% | 2.5% | 0.00% | No CFD trading = 2.5% rating |
| C.3 Tallinex CFDs on Futures | CFDs on Futures = 1.5 % rating | No CFDs on Futures = 0.0 % rating | 1.5% | 0.00% | No Futures / CFDs on Futures = 0.0% rating |
| C.4 Tallinex Free Practice Account | Practice Account = 2.0 % rating, No = 0.0 % rating | 2.0% | 2.00% | Tallinex Provides a free Demo account = 2.0% rating |
| C.5 Tallinex Trading Leverage | Leverage > 100:1 = 1.0% rating | Leverage > 75:1 =0.75% rating Leverage > 50:1 = 0.5% rating | 1.0% | 1.00% | Trading Leverage 1:1000 for ECN-MICRO and 1:500 for ECN-PRO accounts = 1.0% rating |
| C.6 Tallinex Bonus/Rebate Promotions | 5.0% | |||
| C.6.1 Tallinex Welcome Bonus (%) | Welcome Bonus >50% = 5% rating | Bonus >40% = 4% rating | Bonus >30% = 3% rating | Bonus >20% = 2% rating | Bonus >10% = 1% rating | 5.00% | 100% withdrawable welcome bonus (volume requirement is 0.50 lots per Dollar, no time limit) = 5.0% rating | |
| C.6.2 Tallinex Trading Rebate (%) | Trading Rebate >30% = 5% rating | Rebate >25% = 4% rating | Rebate >20% = 3% rating | Rebate >15% = 2% rating | Rebate >10% = 1% rating | Rebate >5% = 0.5% rating | 0.00% | Tallinex Offers no trade rebates = 0% rating | |
| C.7 Tallinex Min. Account Size | Min Account < $100 = 2.00% | Min Account < $250 = 1.50% rating | Min Account < $500 = 1.00% rating | Min Account < $1,000 = 0.50% rating | 2.0% | 2.00% | The min. deposit amount is $100 = 2.0% rating |
| C.8 Tallinex Number of Deposit Methods | For every deposit method = 0.5% rating | max = 5 methods | 2.5% | 2.00% | Tallinex offers 4 deposit methods (Wire, Cards, Neteller, and Skrill)= 2.0% rating |
| C.9 Tallinex Number of Withdrawal Methods | For every withdrawal method = 0.5% rating | max = 5 methods | 2.5% | 2.00% | Tallinex offers 4 withdrawal methods (Wire, Cards, Neteller, and Skrill)= 2.0% rating |
| C.10 Minimum Stop-Order Levels (in pips) | 2 pips or less = 1% rating | 3 pips or less = 0.5% rating | 4 pips or less = 0.25% rating | 1.0% | 0.25% | Tallinex offers 4 pips minimum stop-out order distance = 0.25% rating |
| C.11 (+) Tallinex ADJUSTING RESULTS | ||||
| C.11.1 Offering more than 100 Forex Pairs | Offering more than 100 Pairs = 1.0 % rating / No = 0 % rating | 1.0% | 0.00% | 50 Forex pairs = +0% rating |
| C.11.2 Paying Interest on unused funds | Paying interest on Unused Funds = 0.50 % rating No = 0.0 % rating | 0.5% | 0.00% | No = +0% |
| C.11.3 Tallinex Contests | Contests = 0.25 % rating | No = 0 % rating | 0.25% | 0.25% | Offers a Demo Account Competition at the time of this Tallinex Rating/Review= +0.25% rating |
| D. TALLINEX TECHNOLOGY | MAX WEIGHT→ | 16.0% | 14.00% | Rating the Tallinex Technological Efficiency |
| D.1 Tallinex Trading Platforms Availability | For every Platform = 1.0% | max = three (3) platforms | 3.0% | 2.00% | Tallinex offers MT4 and MT4 MultiTerminal = 2.0% rating |
| D.2 Trading-On-Charts | Offering Trading-On-Charts = 1.0 rating | No=0% | 1.0% | 1.00% | Tallinex is offering 'Trading-On-Charts' = 1.0% rating |
| D.3 Tallinex Slippage on Execution | Slippage < 1.00 pip = 1.0% rating | < 1.25 pip = 0.75% rating | < 1.50 pip = 0.5% rating | < 1.75 pip = 0.25% rating | 1.0% | 0.00% | Tallinex Slippage on execution is more than 1.75 pips = 0.0% rating |
| D.4 Tallinex Automated Trading Allowance | Automated Trading is Allowed = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | Tallinex has no restrictions regarding Eas, and allows automated trading = 2.0% rating |
| D.5 Tallinex MT4 Platform Availability | MT4 is Provided = 2.0 % rating / No = 0 % rating | 2.0% | 2.00% | Tallinex offers the MT4 platform = 2.0% rating |
| D.6 Tallinex Mobile Apps | iOs= 1% rating | Android = 1% rating | Windows Mobile is 0.5% rating | max = 2% rating points | 2.0% | 2.00% | Tallinex offers an MT4 App for iPhone and Android = 2.0% rating |
| D.7 Tallinex Allowing Scalping / Hedging | Yes, both are allowed = 1.0 % rating | Only Hedging / Scalping = 0.5% rating | Both are Forbidden = 0 % rating | 1.0% | 1.00% | Tallinex allows both Scalping and Hedging = 1.0% rating |
| D.8 Tallinex Customer Service | 24/7 Support = 1.0 % rating | 24/6 Support = 0.5 % rating | 24/5 Support = 0 % rating | email support = 1.0% rating | Phone support = 1.0 %. | Live Chat support = 1.0% | Skype support = 1.0 % | Forum support = 1% | Call-Back = 0.5 % rating | 4.0% | 3.00% | Tallinex offers 24/5 Customer support = 0%, via eMail, Phone, Live Chat = 3.0% |
| D.9 (+) Tallinex ADJUSTING RESULTS | ||||
| D.9.1 Tallinex PAMM / MAM Accounts | PAMM / MAM Accounts = +0.5% rating | No = 0 % rating | 0.5% | 0.50% | Tallinex offers a MAM solution with percentage allocationis (PAMM) = +0.5% |
| D.9.2 Tallinex Free VPS | Free VPS = +0.5% rating | No = 0 % | 0.5% | 0.50% | Tallinex offers a free VPS to all clients trading 5.00 lots or more each month = +0.5% |
| D.9.3 Tallinex API Trading | API trading = +0.5 % rating | No API = 0.0 % rating | 0.5% | 0.00% | Tallinex is not offering API trading = +0.0% |
| TOTAL TALLINEX RATING | 64.92% | |||
🏛️ TALLINEX LICENSES AND LEGAL INFORMATION
■ Tallinex welcomes US Traders
■ Tallinex is the trading name of Tallinex Ltd, based in St Vincent and The Grenadines, Company ID: 22199 IBC 2014
■ Tallinex is regulated by the Financial Services Authority (FSA) in St Vincent and the Grenadines
□ Tallinex Rating Review
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