TORoption is a binary options broker that offers Forex /CFD trading on their platform as well. They started operations in 2016 and use the popular SpotOption platform.
In order to review TORoption , we first looked at the trading platform they use. They are using the new version of the SpotOption trading platform. This platform is very popular because it has a user-friendly interface and its offers a wide variety of trades to choose from. The new version gives investors the ability to trade in Forex and CFD.
This platform offers many formats of binary options to choose from: Pairs, 60 Seconds (short term), Long Term, One Touch, Ladder and of course classic Binary Options. In the Short term option, you have 5 different expiry times, between 1 minute and 5 minutes. The Long term options have expiry dates up to the years end.
There are over 120 assets to trade here, including currency pairs, stocks, commodities and indexes. The Forex trading allows leverage of up to 1:500, and lets you set the stop loss / take profit values.
Auto Trading Robots
Doesn’t the idea of a software that will automatically place the right trades for you sound great? The problem is, that most of the so called “Auto-trade systems” are just fake random trade placers, that lose your money.
If you want a real Robot, then choose one where you set the controls and choose your broker, like these robots.
We always recommend to our readers, that they read a brokers Terms & Conditions carefully before opening an account. Often, accepting a bonus will place restrictions on you being able to withdraw your money. Find out more about this by reading other customer complaints in our forum.
TORoption offers their clients four different account packages, each with added benefits. The minimum deposit for an account is $350 and trades can be placed for as low as $5. Profits for binary options are usually between 65% and 85% depending on the asset and expiry time.
Did you know that there are over 250 active brokers operating now? Why not have a look at these other popular brokers that you might want to consider trading with.
In order to establish that a Binary Options or Forex broker is legit. We look for a license from a government’s financial regulator. CySEC of Cyprus, FSB in South Africa and ASIC in Australia, give licenses to broker who comply with their regulations.
TORoption does not have a license.
TORoption is operated by a company called: Smart Choice Zone LP., 272 BAth St. ,Glasgow, G2 4JR , Scotland.