TTS Markets Review
TTS Markets is a trading broker that offers forex, commodities, stocks, indices and cryptocurrencies for trading online via the advanced MetaTrader 5 (MT5) trading platforms for desktop, web and mobile devices. The broker provides competitive trading conditions with multiple trading tools, account types and payment options. However, the trading brokers review team did not find them to have the lowest spreads or commissions whilst they are regulated offshore and have a lack of educational materials, market news and insights.
Pros / Cons
- Access to trade on the sophisticated & versatile MT5 platform
- Multiple account types including micro account
- Multiple deposit & withdrawal options including e-wallets & cryptocurrencies
- Various trading tools
- Offshore regulation
- No comprehensive market news & insights
- Lack of educational resources
- Demo account is only available for 30 days
- No US clients
- Not the lowest spreads or commissions
In this detailed TTS Markets review, our online broker research team have covered some of the most important aspects for you to consider when choosing the best broker for your online trading needs.
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TTS Markets Overview
TTS Markets was founded in 2016 with a mission to deliver outstanding customer service, competitive trading products and support to its clientele. It is the trading name of TTS Business Solutions private Limited, a company registered in England and Wales with the license number 11777611 and regulated in the British Virgin Islands. It has its headquarters in London while it runs branch offices in Dubai and Hong Kong.
TTS Markets prides itself on its easy accessibility to traders with low minimum deposit, professional trading environment and abundant trading tools to assist its traders. The powerful MetaTrader 5 trading platform with its simple interface, flexibility and features is offered to clients in all its versions including mobile trading apps. Trading tools such as technical analysis, economic calendar, market screener, forex heat map and more, are provided to assisr traders in their daily market analysis.
TTS Markets is also able to deliver reliable trade execution speeds and competitive spreads due to its partnership with industry leading liquidity providers (LP’s) such as Dukascopy, Swissquotes, Saxobank, Axiprime, LMAX and TopFX.
TTS Markets Regulation
TTS Markets is regulated by the Financial Services Commission of the British Virgin Islands (FSC BVI). Possible disputes will be adjudicated under the legal/financial laws and conduct of the British Virgin Islands.
Customers’ funds in TTS Markets are secured by separating them in different accounts away from the broker’s own accounts. These funds are banked with the top European banks which include HSBC, Barclays, Deutsche bank and Euro Pacific. The broker has also implemented negative balance protection.
TTS Markets Countries
TTS Markets do not accept clients from the United States of America. Some TTS Markets broker features and products mentioned within this TTS Markets review may not be available to traders from specific countries due to legal restrictions.
TTS Markets Platforms
TTS Markets provides its clients access to trade online through the MetaTrader 5 trading platform. This is a globally accepted leading platform with a simple interface and robust features like depth of market (DOM) pricing, complex charting, technical indicators, analytical tools, multiple order types and real time financial data. These features give clients an abundance of trading tools to assist in making informed trading decisions.
Traders can also modify the MT5 platform with external plugin apps built with the MQL5 programming language. Already there are numerous plugin apps including technical indicators and Expert Advisors (EAs); which are software robots used to automate forex and CFD trading online. From the MT5 platform, clients can subscribe to trading signals, access the MQL5 market, and rent Virtual Private Servers (VPS) to remotely host the platform.
TTS Markets offers its MT5 desktop downloadable versions as both Windows and MAC desktop applications.
MetaTrader 5 WebTrader
Clients who want to avoid downloading software on their devices may find the MetaTrader WebTrader platform useful. It has the look, feel, features and main capabilities of the desktop based MetaTrader 5 platform. The primary difference is the absence of the need to install any software as it runs directly in the web browser. It is compatible with the leading web browsers and can be used on any desktop device no matter the type of operating system.
MetaTrader 5 Mobile Terminal
TTS Markets clients who are constantly on the move can avail themselves of the trading opportunities available through the MetaTrader 5 Mobile Terminal. Using this platform on mobile phones and tablets does not limit the trader as the core features and abilities of the MetaTrader OS and Web Trading platforms are present. This terminal can be accessed through trading apps that can be downloaded on the Apple store and Google play store respectively.
TTS Markets Trading Tools
With the exception of the economic calendar and VPS, the other trading tools are courtesy of TradingView; a renowned charting and social trading platform that provides real-time charting, trading tools, research and analysis on the financial markets.
Real Time Charts
Clients can access real time charts for trading instruments on the brokers website. These charts provide historical data for several trading instruments on different timeframes. There are also multiple technical indicators and analysis tools available. The chart is powered by TradingView.
TTS Markets has a real time economic calendar with actual times and dates of economic and financial events that usually impact the financial markets. Clicking on any event displays its analysis, charts and analysts’ consensus.
Cryptocurrency assets are displayed along with their real time prices, capitalization and other financial information. This provides clients who trade these instruments with real time information.
This tool allows one to get more in-depth technical data concerning various currency pairs through various filters. The screener can be customized with the columns and filters the client prefers based on modifying the toolbar mode or symbol list.
Forex Heat Map
The forex heat map identifies the strength levels of various currencies. Clients can identify the strongest and weakest currencies with the colour codes employed. It also show the strength of a currency in relation to another one.
Forex Cross Rates
Real time quotes of selected currencies against other major currencies can be viewed with this tool.
This tool shows the real time price of various trading instruments as well as their percentage change, opening price, the lowest and highest prices for the day and the closing price.
This tool displays the market prediction for selected currency pairs based on the outputs of several technical indicators. This eliminates the need to use multiple indicators to analyze an instrument because this tool easily does that in real time.
TTS Markets Education
The trading blog section contains about 18 articles which are focused on tips to make a trader successful. It discusses topics like; need for a demo account, best forex trading hours, best trading blogs to follow, best forex strategies, how to use stop loss, etc. The blog is not updated that often.
This is a compilation of commonly used terms in Forex/CFD trading along with their definitions and explanation. Some of the terms are accompanied with notes about how they are used or operate on TTS Markets.
TTS Markets Instruments
There are a total of 145 trading instruments on TTS Markets. These are made up of 74 forex pairs, 42 stocks, 9 cryptocurrencies, 10 indices and 10 commodities.
TTS Markets Accounts & Fees
There are seven live account types available on TTS Markets. They all have 0.01 lots as the minimum tradable volume while the maximum tradable lots are 500 lots. Each account gets a dedicated account manager.
This is the lowest account designed for new traders. It requires a minimum of $1 to be opened while the maximum is $1,000. It has a minimum floating spread of 1.8 pips and there are no trading commissions. The highest leverage available is 1:1000. Trades are executed instantly.
This account requires a minimum deposit of $10 to be opened while it has no maximum deposit. It has minimum floating spreads of 1.8 pips and there are no trading commissions. 1:1000 is the highest leverage possible on this account. Trade execution is instant on this account.
The minimum requirement for this account is $10 while there is no maximum deposit. There are no trading commissions while there is a minimum floating spread of 1.8 pips. The maximum leverage available is 1:1000. Market execution is used process client orders.
Fixed Spread Account
This account was designed for clients who desire fixed spreads. It can be opened with a minimum of $10. The minimum spread here is 2 pips and there are no commissions. The maximum leverage is 1:1000. Instant trade execution is the norm on this account.
This account was designed for clients who want to keep the Islamic Sharia law directives of not collecting or paying interests. This is the only account where swap or roll over fees is waived. $100 is the minimum amount to run this account. The minimum floating spread is 1.8 pips. The highest leverage is 1:1000. Trades are executed in the market execution style.
This account requires $1,000 to be activated. It has a minimum floating spread of 0.6 pips and a trading commission of $5 per lot. The highest leverage allowed is 1:500. Market execution is used to process client orders.
This is the highest account level on TTS Markets. It requires a minimum of $50,000 to be activated. It has the best spread structure with a minimum floating spread of 0.1 pips while a trading commission of $2.5 is charged per lot. Maximum leverage is 1:300 while market execution is used to process client orders.
TTS Markets also offers a demo account which is only available for 30 days. Clients can get a feel of how the TTS Markets platform operates and test their trading strategies with virtual funds.
As broker fees can vary and change, there may be additional fees that are not listed in this TTS Markets review. It is imperative to ensure that you check and understand all of the latest information before you open a TTS Markets broker account for online trading.
TTS Markets Support
The TTS Markets customer support service is available to respond to customer queries 24 hours daily on weekdays. They can be reached through phone, email, live web chat or through the ‘send us a message’ form on the brokers website. Their customer support representatives can also be reached physically at their offices in London, Dubai and Hong Kong. TTS Markets customer support can also be reached through social media on Facebook, Instagram and YouTube.
TTS Markets Deposit & Withdrawal
TTS Markets has a very low minimum deposit threshold of $1. The US Dollar, euros and the Russian Roubles are the accepted currencies for this broker. There is no extra charge from TTS Markets for deposits and withdrawals although payment processors may charge you a fee. The following methods are available:
International Bank Transfer
Funds can be deposited and withdrawn through bank transfer/wire. This process usually takes an average of 3 business days.
Visa and MasterCard debit and credit cards can be used to deposit and withdraw funds from trading accounts. Deposits are withdrawals are processed within one business day.
E-wallet options are WebMoney, Skrill and Neteller. Deposits and withdrawals done with this method are usually instant as long as verification of the e-wallet has been done.
TTS Markets accept bitcoin, ethereum, bitcoincash and litecoin for monetary transactions on its platform. The processing times for these cryptocurrencies are usually very fast and completed within 24 hours.
Colmex Pro: Account Opening
The first step in opening an account on TTS Markets is clicking the button ‘Open live account’ on any page on the brokers website. A page displays all the available account types with their basic features and ‘open account now’ button. Click on your desired account type. You will be taken to the registration page where you have to fill a form with your personal details.
After completing it, you will get an email with a six-digit verification code. Input the code received via email to verify your email and continue with the registration. On successful verification, you are logged into the clients’ area of the website.
The first page that displays in the clients’ area is ‘My profile’ page where you will have to fill in more details about yourself, your residence and your financial background. You will also have to upload documents confirming your identity and your residence on the ‘verification’ section. You have the option of changing your password and using a two factor authentication process.
It is imperative to ensure that when you are going through a broker application, you clearly read all of the brokers terms, conditions and policies. Only proceed if you fully understand and agree to them.
TTS Markets Summary
The good points about TTS Markets include its use of the MetaTrader 5 platform which is known for its simplicity, features and ease of use. Clients orders are executed within seconds and the spreads are competitive. There is a selection of trading tools which shows that the broker is indeed committed to help its clients succeed.
TTS Markets have also made deposits and withdrawal simple with its instant processing of credit/debit cards, e-wallet and cryptocurrencies. The low minimum deposit is a welcome attraction to traders who will not want to risk much while starting out with the broker.
But one fact that doesn’t satisfy the trading brokers review team is the brokers offshore regulation. Though they are regulated by the FSC on the British Virgin Islands, many potential clients may see this as a red flag when looking at what brokers to choose as safety of their funds is the paramount thought on their minds.
The brokers educational offering could also be expanded whilst the limit on the demo account is not ideal for new traders. Market news and analysis is absent whilst the MetaTrader 4 platform is not available.
TTS Markets have a few trading tools courtesy of its partnership with TradingView. If TTS Markets can acquire additional regulatory status, add more platforms, create a trading academy and include daily market news and analysis, the broker may become a more attractive proposition to some potential clients.
Trading forex/CFD’s on margin carries a high level of risk, and may not be suitable as you could sustain a total loss of your deposit. Leverage can work against you. Do not speculate with capital that you cannot afford to lose. Be aware and fully understand all risks associated with the market and trading.