In TorOption review was found out that this broker is using one of the most present platforms in the binary industry – SpotOption. The platform can easily be navigated. Unfortunately, there is no demo account available on the TorOption trading platform.
TorOption offers a great variety of binary options types on their platform. Traders can place trades by using the following binary options:
- 60 seconds
TorOption also offers forex trading (that will not be reviewed in this article), and TradeFollow features that is based on copy trading and social trading. TradeFollow on TorOption give traders additional trading possibilities if they use them, but it is best to research them first.
TorOption supports all assets: indices, stocks, commodities, and currencies. Traders can choose among 12 currency pairs, 17 stocks, 19 indices, and 8 commodities.
TorOption support can be reached in a number of ways. First, there is a live chat that is available for all traders who want a quick and easy way to communicate with the broker. The agent answered quickly but was not able to provide us with the precise answer, however, he promised to deliver it via email. Traders can reach them via email, online form and phone as well.
TorOption claims to take education very seriously and traders can use different reading materials and eBooks. Also, there are webinars for traders who like to participate in that type of learning activity, as well as educational videos. However, the videos are rather short and offer only the basic explanations of more complicated aspects of financial trading.
TorOption is in the ownership SmartChoice Zone LP. This broker is not regulated.
Traders who want to create an account must deposit at least $350, but every additional deposit is only $250. Minimum withdrawal is only $50. It is important to accentuate the fact that all withdrawals carry a $25 fee, which is rather high compared to other brokers’ fees. The withdrawals are processed depending on what account the traders has, as more expensive accounts usually offer a priority access for withdrawing. Other traders may wait for up to 10 working days, which is nowadays considered to be longer than necessary.
All traders have to deliver the documents requested by the broker.
TorOption claims to offer several methods for both depositing and withdrawing. However, our team was offered only credit cards – Visa, MasterCard, and Maestro. None of the eWallets listed on the website were offered to us upon registration.