Opinion about TitanTrade

Attention! TitanTrade it is no longer available . In our list of the best binary options brokers you have many other alternatives to choose from.

Would you like to know if TitanTrade is a scam? In Estafa.info we have made an extensive review about this binary options broker to find out. In it we will inform you about the security measures taken by the company, as well as its investment offer and other important factors when deciding where to invest. At this point we can tell you that it is not a regulated platform, and that since Estafa.info we recommend that you check our list with the best binary options brokers in New Zealand .

Our experience with TitanTrade

Regarding the investment, the experience we have had on the TitanTrade website has been generally positive. While it is true that a greater number of underlying assets could be available, investing in those that are available is simple and intuitive, at least in our opinion. In the security section this online broker it offers doubts, since it is not registered with any dollarpea financial authority. On the contrary, the company is based in Belize. This does not mean that the company is a scam, but it does mean that in case of problems it will be practically impossible to claim it. Of the key aspects that we like to check in binary options brokers: customer service, headquarters, regulations that follows, guarantees to users, the company that we are dealing with in this review does not leave us satisfied.

TitanTrade: Is it a scam?

Doubts about the reliability of TitanTrade are justified by the fact that the entity is not registered with any financial authority. Most of the companies that are dedicated to binary options are registered with the CySEC and even many of them, when they decide to operate in New Zealand, are also registered with the CNMV as foreign investment services companies in free provision. However, in this case it is not so. It even has a footnote saying that although it has an office in London it is not monitored by the UK FCA.

One of the fundamental factors of being a regulated broker , is that they must offer the operations with the best possible result for the users. In the present case, this obligation is at the expense of the good intention of the company. So the question is, do you trust their good practices? We have not detected fraudulent movements, but it is clear that a regulated broker would offer you much greater guarantees.

All this does not mean that it deserves a bad opinion or is a scam, but it should be borne in mind that if the client had to make any claim, it would not be affected by the law, and it would be at the expense of what the company decided to do. On the other hand, what they do offer are secure transactions since they are encrypted using SSL technology.

TitanTrade offer

The binary options offer is good but it does not stand out above average. Specifically, you will have the possibility to invest in 60 underlying assets. This selection, which is divided into indices, currencies, commodities and stocks, is well compensated and allows us to diversify conveniently. It is true that it is not a very high number of underlying, but it is also true that most traders tend to invest only in a few assets that they dominate. Therefore, we consider that the important thing is not how many different assets you can invest in but the diversification that can be achieved with them. In this regard, it exceeds the desirable minimums. However, it will be up to each trader individually to decide whether the specific offer of this broker is sufficiently suited to their knowledge. For New Zealand investors, it should be noted that the list of assets on the broker's website does not include any New Zealand shares or the IBEX 35. However, when it comes down to it, the IBEX35 and some important stocks such as Telefónica or Banco Santander do appear on the platform.

In addition, there is an educational section that, without being extremely complete, is available in New Zealand and serves to review the basics. Within the platform's offer, it is also worth mentioning its welcome bonus on the first deposit, the conditions of which we will explain to you later. It also highlights especially the possibility of making social trading and copying other users' trades .

Binary options trading

It is well known that, in the opinion of most users, the attraction of binary options is the high profitability that can be obtained. In this matter it is at the height of the market and it is not strange to find options with more than 80% profit, reaching up to 85% in 60-second options. You can invest in traditional binary options, 60 seconds, long-term, one touch, straight and pairs. In addition, you will have the option to close your investments early with the “Buy Me" option. In this way, if your investment is going well, you will be able to ensure profits and if it is going badly, you will be able to reduce losses. It is basically a risk management functionality. With it, if you are winning you will be able to close the winnings in exchange for receiving less than what you would receive in the case of waiting until maturity. This discount is due to the fact that until the expiration the price movement could change direction. Therefore, you will earn less, it is true, but you will ensure profits. If you lose, the same logic is followed. You will be able to close the position and you will lose for sure, but instead of losing everything as it would happen if you let the expiration arrive, you would lose only a part. In this way you give up the possibility that the price will turn around and you will end up winning, but you assume smaller losses. You will also enjoy the possibility of doubling your investment with a single click, or increasing the maturity period, if you wish, with the rollover option. The truth is that in this sense the offer is quite interesting.

Demo account

In this case there is no possibility to trade with a demo account, but the broker encourages its users to contact customer service, so that they explain the operation of the platform.

Offers and bonuses

As usual among binary options investment platforms, there is the possibility of getting a welcome bonus. In this case, the broker differentiates between four types of accounts: Mini, Standard, Deluxe, Platinum. The first corresponds to income from 350 to 5000 $, the second to 50000 $ and the third from 50000 $. The stipulated bonus is non-existent for mini accounts, 50% for standard accounts and 75% for deluxe accounts. In platinum accounts it is simply negotiable with one of the agents. However, we are convinced that if you contact their customer service you can negotiate a bonus for lower amounts.

To be able to withdraw the bonus money you will have to trade a volume of 20 times the deposit plus the bonus money. That is, if you deposited $5000 and they gave you $2500, you will have to move a volume of $150000. If you withdraw money before you have fulfilled this requirement, the company will withdraw the bonus from you and charge a fee of 30% of the deposit that was made to get the bonus on the remaining money, which in our opinion is absolutely out of place.

Payment methods

In this section the broker offers you the most common payment methods . That is, bank transfer, credit card Visa or MasterCard, Visa Electron or Maestro debit card. It also offers some popular e-wallets in other countries, but not the most common in New Zealand such as Paypal and Skrill. The minimum possible income is $250. To withdraw money, the procedure must be the same as the one chosen for the income, as this is stipulated by the anti-money laundering regulation. Before proceeding with the withdrawal you must prove your identity, sending them a copy of your identification document, of an invoice domiciled in your name, or if you have chosen a credit card of the credit card on both sides, although you can cover the first numbers and the security number. In addition, they will give you a couple of forms that you will have to fill out, print, sign by hand and send them back. The payment processing time depends on your user account type.

Safety and regulations at TitanTrade

In this section we can say rather little, because TitanTrade is not registered with any financial authority. Therefore, the clients' funds are not protected by any compensation fund, nor is it obliged to guarantee the best possible operation to the client, when he enters an order. If you decide to invest through this company, you should be aware that the user must absolutely trust the good faith of it. While it is true that for a company dedicated to investments scamming users would be counterproductive, because the word would quickly spread, it is also true that there are many other options to invest in binary options, with better security guarantees. Once again we refer you to our list of binary options brokers so that you choose the one that best suits what you need.

Customer service

How seriously a company takes the value generated to customers is reflected in this section. TitanTrade customer support is available via web-based form, via email, via live chat and by phone, with local call cost in New Zealand. The London office hours are Sunday to Friday from 9 to 6 UK time. When we tried to contact them, within the mentioned hours, through live chat, we received the message that all the agents were busy, so they asked for an email address.

Functionality of the website

The website is similar to that of any other. Of course, it is perfectly valid for investing. It is easy to find the different underlying assets and through a tab system you can move through the different types of options. The buy and sell buttons are large and sufficiently separated, so that they do not give rise to confusion. Navigation through the different sections is intuitive, and everything is easy to find. In short, in this section we can only give you an approval.

TitanTrade mobile app

For most traders, one of the most interesting things about binary options is that it is possible to invest from anywhere, as long as you have a good internet connection. In this case, the broker has only one app available for Android . The opinions of users about the app are not very valuable because they focus on the fact that they lost money investing. As for our experience. The truth is that sometimes the app was closed for no reason.

Finding

TitanTrade it is a broker that offers the possibility of investing in binary options. The number of seats available is discreet and the welcome bonus, although existing, is not too interesting for its large cancellation fee. Regarding security, the platform raises doubts, as it is not regulated. We are not aware that he has committed scams, however, making an income on his platform is rather an act of faith and confidence that the company will behave as it should. Therefore since Estafa.info we do not want to say that it is a scam, but we do encourage users to choose another one from our list of brokers, where you will find brokers registered with the CySEC and that, therefore, they are obliged to comply with the laws of that country and of the Dollarpea Union, including the MiFID directive.