TorOption is one of most well-known Binary Options trading platforms, and it is based out of Scotland, UK. The platform is created by a team of professional traders. Their industry experience is quite evident in the way the platform is built. In addition to currencies and commodities, TorOption offers a list of indices including Africa 40, Bombay SE, Dubai, FTSE 250, IBEX, Kuwait, Micex, Nifty, RTS, and Strait Times. The platform will soon have more tradable assets and indices on the list.
Headquarters: Glasgow, Scotland
The Owner: Smart Choice Pro LTD
Minimum Lot Size: Not Available
Maximum Leverage: 1:500
Minimum Deposit: $350
Minimum Trade Amount: 25(USD/GBP/EUR); 5 (USD/GBP/EUR) for 60 Seconds Trades
Maximum Per Trade: Not Available
The TorOption Trading Platform
The new trading platform, TorOption is built on SpotOption solution. At present, only the web version of the platform is available. However, comparing with other similar platforms we can expect TorOption to launch their mobile apps soon. The use of SpotOption also makes MetaTrader 4 integration easier and in due course, it may become a reality too.
TorOption is currently offering about 55 different assets and multiple account types. The minimum initial deposit for TorOption is a bit on the higher end and it doesn’t offer demo trade accounts. But these issues are offset by high returns and an efficient customer support.
Main Features of the Broker
To start with, TorOption is a simple, easy to use platform built on widely used SpotOption trade platform solution. The relatively new TorOption is in the process of constant expansion. The platform offers 4 different account types with varying minimum deposits. The Mini Account requires a deposit of $350 at up to 10 percent bonus; Standard Account with a minimum deposit of $10,000 at up to 50 percent bonus; Executive Account with a minimum deposit of $25,000 at up to 75 percent bonus and finally the VIP account with $50,000 deposit and custom bonus.
The trading options offered by TorOption includes Binary, Pairs, Long Term, 60 seconds, One Touch, Ladder and Forex/CFDs. The TradeFollow feature on TorOption allows users to follow the trading strategies of some of the top, most profitable members on the platform with a great possibility of replicating them.
TorOption Trading Guide offers a variety of education material for its users. The courses on TorOption are designed for both novices as well as professional traders to help them enhance their trading skills. The education material available on TorOption includes step by step instructions, eBooks, video tutorials and webinars. The market analysis tools and reviews also prove to be of great help for traders to make well-informed trading decisions.
In addition to flexible trading options and educational material, TorOption offers a variety of deposit and withdrawal options. All activities on the platform are secured by SSL encryption.
TorOption has a great customer support set up to cater to its growing client list. They are quite capable of handling all types of queries and issues regarding trading, which ensures that irrespective of the customer’s experience in trading he will be satisfied by the end of the interaction with support executives. TorOption offers round the clock support over multiple channels. Customers can choose to contact customer support over email, live chat or phone. The phone support is available from Monday to Friday (7AM till 8PM GMT).
TorOption is an easy-to-use platform. The simple, responsive web-based platform allows traders to log into their account and execute the trade from any device. All the required information is always just a few clicks away. The 24/5 customer support offers any additional help or guidance whenever required.
The deposit and withdrawal options offered by the platform includes Card payments (Visa and MasterCard), Skrill, CashU, Neteller and WebMoney for the convenience of its users.
TorOption is a feature rich platform, with great usability. But being less than a year old, it still has some catching up to do before it can compete with other established players. It is good to know that TorOption is constantly adding new assets and features which signify the making of a great platform in the coming days. Traders can jump into the platform right away and start using it.