TorOption Overview
Website: https://www.toroption.com
Tel: +44-203-670-24-96
Minimum Deposit: $250
Minimum Trade Amount: $25
Maximum Per Option: $5,000
Return Rate: 67%-72%
Bonuses: Up to 100%

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TorOption Review

 Impressions are important

TorOption is a relatively new brokerage service for binary options and opened its doors in 2016. This site was set up and launched by professionals who have been in the industry for the last 5 years. Traders looking at this broker will notice it uses the highly respected SpotOption trading software to give a very fast and user-friendly platform.

For greater all-round trading activity, there are plenty of trading options to choose from, including ladder, one touch, 60 seconds, pairs, and more. Additionally, there is the possibility to look at CFD trading related to Forex. The potential returns reported are in the region of 70-80% for the standard options, but there is the chance of a 500% return on the ladder options.

To give the new trader an incentive to sign up for an account at TorOption there is the chance to get a welcome bonus of up to 50%.

Trading Software

The TorOption brokerage runs on the SpotOption trading software which gives a great foundation to build a high-quality site for trading a wide range of assets. This software is very user-friendly with a great layout to make it really easy to see any changes on screen. It makes it possible to be active in plenty of trading options, such as 60 second, iFollow, long-term, one touch and financial ladder. It is easy to learn even for the complete rookie and is web-based which means there is no need to download and install any software on the home PC.

Bonuses

The sign up bonus offered on TorOption is an attractive 50%, but it is necessary to comply with the relevant terms and conditions that relate to accepting the broker bonuses.

Deposit Methods

To load up the funds on this brokerage it is possible to use the most popular deposit methods, such as credit and debit card, e-wallet services (WebMoney, Skrill, etc.) and bank wire transfers. The minimum deposit at TorOption is $350, which is higher than many of the competition.

Customer Support

The customer support at TorOption appears to be very friendly and resourceful with the ability to give helpful replies to all types of general and technical issues. Support is available on a 24/5 basis and includes the standard contact options of phone, live chat and email. But, the support does seem to be limited to contracting the UK based office only, which might present issues for the global clients.

Commodities

The asset index is quite modest and includes the most popular choices of the currency pairs (EUR/USD, EUR/JPY, USD/CAD, etc.), stocks (Apple, BP, Nissan Motor, Rolls Royce, etc.), commodities (gold, oil, platinum, silver, sugar and wheat) and indices.

The Final Word

TorOption has built up a solid technical base for providing a high-quality platform for trading the binary options. This brokerage is great for both the complete rookie who is just starting out and the more experienced pro that is looking to relocate their trading activity. The wide selection of trading facilities, advanced software and bonus plans makes this a great choice for binary trading.

TorOption Pros & Cons

Pros
  • Regulated through CySEC
Cons
  • No US traders allowed
  • Return rate are very low
  • Limited bonuses offered
  • No demo account