Tallinex

Tallinex


This is a broker based in Estonia that somehow accepts U.S. Clients. It is hard to get a good understanding of the broker if you are in the U.S. There is an interesting mini-review on the Last Bear about Tallinex. Be sure to read the whole review, including updates and comments.

Positive
  • ECN broker that allows hedging. No FIFO. High leverage allowed.
Negative
  • Broker does not have an office in the U.S. and may not be technically be allowed to operate in the country.
  • Received notice from Tallinex on March 6, 2017 that they are finally giving up fight for U.S. clients. They are transferring all their U.S. clients to Capital City Markets on March 31, 2017
Broker Tricks
  • Tends to greatly expand spreads at the end of the week in the final minute. GFT used to do this too. Other brokers may do the same thing but to a lesser extent than Tallinex.
Notes
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