Nowadays there is no difficulty for retail investors to access binary options trading, since many brokers on the market have opened their doors. Even though among them there are many scams, you can still find a reputable broker with great offers. One of them is undoubtedly TorOption. We encourage you to read our TorOption opinion to learn more.
Min. Deposit: $350 Demo: Yes
Platform: SpotOption Bonus: 150%
Regulation: N/A US Clients: No
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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK
TorOption opinion: The Company Overview
TorOption is a brokerage firm located in UK. In our review of TorOption we discovered that the company’s headquarters is located in London, 31 Southhampton Row.
TorOption website is multilingual and perfectly operates in English, Russian, Spanish and German. This binary broker is client focused, that is why their 24/5 customer support is always friendly and helpful in resolving any arising issues. You contact it via live chat, email or telephone.
We should as well mention the advanced security features. You might have learned from other reviews of TorOption that this binary broker ensures the complete protection of personal and financial account data of every customer. This became possible thanks to SSL encryption.
TorOption broker: Account packages and trading platform
TorOption offers 3 account types that can suit all types of investors. The minimum deposit requirement is $350. You can observe more detailed description of trading accounts below:
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As for the trading platform, TorOption is using top-tier web-based platform – SpotOption. At TorOption you can trade almost any financial instruments you want: international stocks, commodities, FX, indices. In addition, our TorOption review found out that this broker offers various types of binary trading. Let’s take a look at them:
- Binary Options
Simple binary options trading, where you decide whether an asset will increase or decrease in value.
- Long-Term Trading
This type of trading is more suitable for binary options veterans who enjoy spending their time at deep markets’ analysis. Long-term trades last from 3 days up to years.
- 60-second trading
In this type of binary trading you predict whether the price of an asset will rise or fall within 1-minute time frame.
We should devote your attention to the special type of options trading available at TorOption binary broker – iFollow. This is a social trading tool that enables you to follow the performance of best binary traders in the market, which is basically making profit by copying successful trades. This is a great choice for new traders who want to learn from professionals.
- One Touch Trading
This is the type of options trading, where you predict whether the price of an asset will reach a pre-determined price. If your asset reaches this particular price level, you will end up in profit.
- Financial Ladder
This is the type of binary trading, which we would rather prefer to call a strategy in our TorOption broker review. Technically, you select an expiry time and direction for your first asset and as soon as this trade closes favourably, you can reinvest earned profits in your next trade.
TorOption opinions: Market Analysis
Some sceptical TorOption reviews would say that if TorOption does not provide a demo account, it cannot be called a decent broker. Well, we would disagree on this point. Since TorOption does not provide demo accounts, it commits a lot of work to provide the most sufficient market analysis for TorOption traders to make best trading decisions. Therefore, TorOption has supplied a number of tools that might come handy: Daily Market Review, Weekly Market Review, Trading Hours, Asset Index and Economic Calendar.
We believe that introducing such tools was a right decision to create positive TorOption opinions, because analysis matters a lot in trading.
TorOption Reviews: Deposits and Withdrawals
To fund your account you can use debit/credit cards, wire transfers, electronic wallets (e.g. Skrill, WebMoney).
To make a withdrawal, you have to submit your ID and credit/debit card information beforehand. Typically, the withdrawal request needs from 5 up to 7 business days to processed.
TorOption Review: Conclusion
TorOption has shown that providing good technical base and understanding customers’ needs is the way that successful brokers should go. That is why you will unlikely hear someone calling TorOption scam. TorOption can provide both beginners and experienced traders with an excellent trading experience and transparency. Thus, we recommend you to sign up!
RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK