1. Tallinex Has Officially Ceased Operations — Do Not Deposit
Multiple independent broker review sites report that Tallinex is no longer operating. ForexChurch, for example, states explicitly that “Tallinex has closed and is no longer operating.” On Forex Peace Army (FPA), users mention that in late 2018 the broker froze accounts, shut down communications, and left clients unable to access funds. That means any deposits or open accounts today should be considered lost or at extreme risk. A broker that went dark cannot be trusted with your capital.
2. BrokerChooser Labels It Unsafe — Lack of Top-Tier Regulation
BrokerChooser’s safety assessment on Tallinex is stark: it states they would not trust Tallinex with their own funds, because it is not regulated by any top-tier financial authority. That lack of credible regulation means clients had no real protection, no oversight, and no standard compliance checking while it was operating. When a broker lacks regulation from recognized authorities, your risk of abuse or disappearance skyrockets.
3. Dozens of Client Reports of Frozen Withdrawals & Lost Access
On FPA, many former clients recount the same cruel scenario: they were trading, making profits, then attempted to withdraw — only to lose login access, have withdrawal requests rejected, or see communication channels vanish. One user said their account was frozen since summer 2018, and they could no longer log in, “no payout, no nothing.” These repeated patterns suggest the shutdown was deliberate, not accidental.
4. Past US Regulatory Judgment & Legal Exposure
FPA reports that in 2018, the U.S. Commodity Futures Trading Commission (CFTC) ordered a penalty and repayment to U.S. clients from Tallinex. That action indicates Tallinex was operating unlawfully in U.S. jurisdictions and had to face legal consequences. A broker subject to penalty and required to refund U.S. clients is far from safe to engage with. Those legal findings remain part of public record.
5. Mix of Praise and Negative Reviews — But Recent Ones Are Mostly Negative
Earlier reviews (from 2014–2017) praised Tallinex’s tight spreads, no dealing desk policy, support for scalping and EAs, and support of multiple account types. But over time, reviews turned critical — citing execution delays, wide slippage especially in volatile markets, and suddenly blocked login or backend access when brokers faced issues. On Trustpilot, Tallinex has a reported TrustScore of 3.2/5 from two reviews, both of which are mixed and point out failures in service. Positive legacy feedback doesn’t outweigh modern collapse, especially when the broker no longer functions.
6. Operational Promises Were Grand, But Infrastructure Wobbled Under Duress
Tallinex once advertised extremely low spreads (from 0 pips), maximum leverage up to 1:1,000, support for hedging and scalping, and transparent no-dealing-desk models. However, user reviews and broker review sites cast doubt on execution quality: delayed order fills, excessive slippage, adverse pricing behavior during news events, and server instability. When a broker’s ideal promises fail under real market stress, that is more telling than any marketing pitch.
7. Final Collapse & Vanishing Act — Recoveries Become Improbable
Because Tallinex has shuttered operations, the remaining path for any recovery is murky at best. FPA explicitly recommends against opening new accounts or making deposits — even for existing clients, retrieving funds is uncertain. When a broker disappears like this, it often signals a run operation: collect deposits, shut doors, vanish with funds. The longer the silence after shutdown, the less realistic any recovery becomes.
Conclusion — The Brutal Judgment on Tallinex
Tallinex no longer exists as a functional broker. Claims of continued trading access, withdrawals, or reactivation should be treated as deception or scam bait. The evidence from independent watchdogs is clear: the broker is closed, clients’ access is gone, and regulatory bodies have taken action against it.
The absence of credible top-tier regulation left Tallinex always vulnerable to collapse, and when regulatory bodies like the CFTC stepped in, it exposed that vulnerability. The repeated client stories of frozen accounts and vanishing support reflect systemic failure, not isolated incident. The broker’s promises of low cost, high leverage, and advanced execution were never backed by resilient infrastructure or enforced accountability.
If you ever had funds in Tallinex, your best path is to document everything you have — communications, deposit records, screenshots — and file complaints with financial authorities in your country. But you must temper expectations: in many cases, recovery is nearly impossible when a broker willingly disappears.
For traders picking brokers, Tallinex is a cautionary tale, not a guide. Always insist on verifiable regulation, live proof of segregation of client funds, transparent withdrawal performance, stable execution under stress, and a history of honoring all client feedback. If any of those pillars are missing, the broker is not a partner — it’s a trap.
In markets, the most dangerous loss often comes not from price swings, but from trusting the wrong intermediary. Tallinex wasn’t just a failed broker — it stands as a lesson in how trust, once abused, yields irreversible damage.
