TORoption is an unlicensed binary options broker that opened in July 2016. TORoption was founded be a group of executives who have been in the binary options industry since 2010.
TORoption Review
Investors reviewing the broker TORoption will notice that they are using the popular SpotOption trading system. The brokers gives you the investor a variety of binary options to trade including, Binary (HighLow), Pairs, Long Term Optins, 60 Second Options, One Touch and Ladder. You will also see CFD trading for Forex.
Returns on standard options are in the 70% – 80% range, but when you go to Ladder Options, the returns can go as high as 500%. The minimum deposit for a new trading account starts at $350. They offer a 50% bonus, but it is important that you understand the terms and conditions that are associated with bonuses from brokers.
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TORoption License Check
When a binary options trader compares various brokers, an important item they will look for is a license. The most popular regulators of binary option brokers are CySEC, ASIC, and the CFTC.
We checked TORoption and do not see a license on their site.
If you are interested in trading with a licensed broker then you can choose one of the European Licensed Brokers.
Australia Warning!
“ASIC urges all investors considering trading in binary options to check they are dealing with an entity that holds an Australian financial services licence or is authorised by an Australian financial services licensee and regulated by ASIC.”
Compare TORoption
You have more than 200 binary options brokers to choose from, but none of them are regulated today.
ForTrade is the most popular broker among our readers, because of their unique trading platforms.
You will find Free Trading Signals, MetaTrader4 and ForTrade is licensed in Europe, Canada and Australia. Visit Broker.
Contact Information
TORoption is owned by Smart Choice Pro Ltd, located at Trust Company Complex, Ajeltake Road Ajeltake Island, Majuro Marshall Islands MH 96960. Phone number in United Kingdom: +44 203 519 2667. Customer support email address is: [email protected]. Official Website: https://www.toroption.com/