Overview of TorOption.com
There is always a risk associated with online brokers, that’s why we analyzed one of the big players on the market, so you know what you’re getting yourself into! Owned by Smart Choice Zone LP, TorOption is an online Forex broker with the operational address at 272 Bath Street Glasgow, Scotland G2 4JR.
Their homepage makes one thing clear from the beginning: TorOption cares about educating customers regarding everything online forex trading entails. They have a huge resource center containing an economic calendar, a trading academy, webinars, real-time recommendations and many more! It doesn’t matter if you’re looking to make the first online trade of your life or if you already have 20 years of experience in trading, you are surely going to find something of interest in what they have to offer.
The website is available in Russian, Italian, German, Spanish and only non – US investors can trade with them.
Account types and deposit options from TorOption
When we said we’re talking about one of the big players, we meant it! TorOption takes trading seriously and shows it with 4 types of accounts: Mini, Standard, Executive and VIP. This doesn’t seem like much until you get into the details. The Mini account requires a minimum deposit of $350, offers a 10% bonus, withdrawal process of 10 business days, 24/5 customer support, and an exclusive eBook. The minimum deposit seems steep for a “mini” account, but to us, that shows they are committed to taking trading seriously.
The Standard and Executive accounts have some very appealing features. For each you get up to 50% or 75% bonus, withdrawal process shortened, calls with a personal account manager, and the Executive account even grants one session with an analyst that will ensure you are 100% ready to begin trading.
If that’s not enough to satisfy your trading desires, their VIP account promises immediate withdrawal process, weekly trading sessions, 5 daily trading signals, a weekly session with an analyst, and up to 10% payout. If that sounds like a traders’ heaven to you (and rightfully so), you must be prepared to deposit 50 000$ to have this level of professional assistance.
Platform from TorOption
TorOption has its own platform, and that should be no surprise. It displays rates from a live Reuters feed, adapted with TorOption’s own algorithms. There is not much to say in terms of technology, with the usual, internationally accepted SSL through HTTPS security protocols being in place to protect your data on the main website as well as on the mobile version. The content of the platform is very impressive, with traders having access to a myriad of currencies, indices, commodities and stocks from big names like Apple, Microsoft, Coca-Cola and others.
Customer support service at TorOption.com broker
TorOption talks big and plays big when it comes to customer support as well, and if the slew of features of their educational center is not enough, or you simply have more questions, they have a 24/7 live chat and email team that will help answer all of them! You can also get a more personal approach by calling them during working hours, Monday to Friday from 7 am to 8 pm GMT.
The safety of your capital with TorOption.com
TorOption is one of those online brokers with a cold aspect, they don’t look impressive but they prove you wrong eventually with everything they offer. Major advantages are a great passion for customer care, one of the most extensive trading resource centers we’ve ever seen from an online broker, a secure platform with a great number of currencies, indices, commodities and stocks to trade and interesting account types.
One of the disadvantages is the minimum first deposit of $350 which is a little bit pricey compared to its competitors, but that’s not really an issue for anyone that is serious about trading.
Another disadvantage we could find is that they don’t offer a demo account. This will always be a major minus for any online broker. So, unfortunately for TorOption, the lack of this feature is an unpardonable mistake.
TorOption.com trading website
Customers that are just setting foot in the world of trading may not see it immediately, but experienced traders will tell you that TorOption is definitely a gem. A professional, serious, modern gem of a broker that offers great customer support and amazing educational tools to make sure you have an informed and successful trading experience every time. We definitely recommend it!