TALLINEX -ENDED-OVERALL SCORE {64.92%} (?)
Tallinex is an ECN Forex broker allowing US Traders. Tallinex offers PAMM accounts and a Free VPS hosting service 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 RatingFormula 5.0 gives a good rating as concerns trading options and technology (Free VPS, PAMM, etc.) but a very poor rating as concerns the safety of trader's money. This is due to the offshore headquarters, limited regulation, and the fact that Tallinex is not covering clients in case 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
■ FOREX RATINGS: ► RoboForex Rating | ► TitanFx Rating | ► FXDD Rating | ► IC Markets | ► FxOpen | ► FP Markets | ► FBS Group | ► AXI Rating
■ COMPARE: » Brokers Directory | » Automated Trading Systems
□ Tallinex Rating Review
ForexExperts.net (c)
