As one of the most popular online brokers TR Binary Options can also be considered one of the best. If is a fast growing and innovative binary option broker.
This success comes down to the wide variety of contracts and assets offered, together with the innovative features and high payouts that traders can earn for finishing ‘in the money’.
The company is run by a team of experienced Forex trading professionals. These guys clearly understand the requirements of the trader. They seek to continually improve and enhance what they offer to trading clients.
- Account Opening Deposit Requirement: $200
- Minimum Trade Size – $10
- Account Handling Currencies – USD, EUR, GBP. JPY, CAD,AUD
- Contracts Available – Call/Put, One Touch, Dynamic One Touch, Option Builder, 60 Second, Pairs
- Typical In The Money Returns – 70=130%
- US Traders – NO
- NO LONGER ACCEPTING NEW CLIENTS
Review of TR Binary Options
On offer is an online binary trading platform based on the SpotOption platform. This platform has been pushed to its limits by the broker and features a number of cutting edge trading features. It also provides a good range of different contract types to trade with.
In addition to the standard ‘Call and Put’ option types (higher/ lower), you can also trade with One Touch contracts, Dynamic One Touch contracts and via the ‘Option Builder.’ With this you can effectively custom build your trading contracts by setting you own expiry time and strike rates.
A further interesting contract type on offer is the 60 second option. This is as the name suggests, a very short term contract that pays out after just 60 seconds. These offer the same high returns as binaries offered by this broker. However due to their short expiry time, you can use them to build up profits much more quickly on your account.
A new trade type recently added is the Pairs contract. With these you can trade on the outcome of the price movements of two different two assets as they move against each other. This is another example of this brokers commitment to continually offering new ways to profit from price movements in the market.
Opening An Account
It is easy to open up an account online with this broker. All you will need to do is choose between the range of account types that are offered.
Clients can select one of five account types. These run from the mini account right up to a Platinum level account. Each account is differentiated by the minimum deposit requirements and features offered. Higher level accounts receive access to greater privileges and resources. It is therefore important to think carefully before opening your account.
Top level accounts gain benefits such as ‘risk free trades’, same day withdrawals and access to dedicated account managers. You can also receive free market reports and analysis to assist you with your trading.
Deposits can be made into your account from one of a number of supported methods including Credit/Debit cards, CashU and wire transfer from your bank.
The ability to trade on the move is now increasingly in demand from traders. TR Binary Options provides an excellent mobile trading platform which will allow you to keep up with your binary trades while on the move.
A dedicated mobile trading application is available for free and can be downloaded from both the Google Play and iPhone app stores. With this app you can manage your account, monitor existing contracts and deposit and withdraw funds to and from your account.
You can also carry out all trading functions, giving you a truly portable platform with which to access and deal on your account.
Summary Of Key Features
- A wide range of contract types offered allowing for multiple strategies to be traded
- Good returns; solid binary broker payout levels
- A wide range of account opening options to suit traders of all levels and abilities
The trading proposition provided by TR Binary Options makes this a solid choice of broker. A good set of features based upon the highly popular SpotOption dealing platform are on offer and solid, if not spectacular payouts should help to satisfy most traders.
Support is generally good so there should be few problems with managing your account or getting your withdrawals processed in a timely manner. Overall a definite contender to be on your shortlist when picking your binary options broker.