Opinion about TR Binary Options

IMPORTANT: For security reasons we cannot recommend this broker. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

Are you considering starting to invest in binary options with TR Binary Options? Don't know if it's a scam? Read this review and find out what security guarantees this broker offers regarding the funds of its clients.

If you are concerned about the security of this company, you should know that you are not the only one. We received visits from many users with the same question and we have decided to respond. After our analysis, our opinion is that it is not a scam. However, we have detected certain security gaps that you should be aware of before proceeding to register and deposit money into your trading account. If you want to know them, you just have to keep reading our section on whether this company is a scam or not and, later, the section concerning security and regulations. If, on the contrary, you prefer to opt for a safer broker, we recommend that you take a look at our list of safe online brokers .

Our experience with TR Binary Options

Having analyzed the website and investment platform of this company, our general feeling is that it offers a service of a medium high quality. The truth is that in the security section, it leaves something to be desired because it is an entity that does not have a license. As you know, the general rule is that brokers are licensed by the CySEC of Cyprus, and this offers us quite good guarantees to operate. But in this case, we are talking about an unregulated broker, something that greatly influences our overall valuation. We invite you to carefully read our security report in the following sections to find out everything. Now, continuing with our general opinion, the amount of underlying assets offered is not bad, the investment platform is very easy to use and both the website and customer support are available in New Zealand

Is TR Binary Options a scam?

Claiming that this investment platform is a scam is going too far, considering the lack of evidence. The fact that he does not have a license, undoubtedly puts him under suspicion, although it is not a sufficient condition. We also don't like that the name of a supposed company appears on the home page: Melnic Group Ltd, but then when we consult the terms and conditions we see that the company that owns the website is Cheshire Capital Ltd. The truth is that it is very common for there to be name and trade name changes between companies. And this case may be due to a failure to update the terms and conditions. However, it is not a factor that contributes to our peace of mind.

Regardless of whether we are not facing fraud, it is advisable to act with great caution before a company like this, in which the only guarantees we have are your good faith. If you want more details about the security of your funds entrusted to this company, keep reading in the security and regulations section.

Investment offer

The main offer is neither more nor less than the possibility of investing in binary options, therefore, we dedicate an exclusive section below these lines. Thus, we will be able to perfectly extend ourselves with the types and amount of assets that you would find operating with this website. In addition, the offer is completed with the Education section that has 6 sections: Introductory videos, Detailed course, Advanced detailed course, Tutorials on the platform, Binary Ebook and Advanced Binary Ebook. All this, it's not so much as it seems. Once all the contents have been viewed and reviewed, the user will have nothing more than a superficial overview of the investment. However, it will be enough to understand how binary options work.

Binary options trading

As we said, this is the main offer of the investment platform we are dealing with. In fact, this type of brokers is limited to a single financial instrument and does not offer other possibilities such as the CFDs . Next we are going to see what assets you would have at your disposal to invest in the event that you opened a trading account with this entity. To do this, we will follow the broker's own division by asset categories: forex, commodities, indices and stocks.

If we start with currency pairs, it should be noted that in total they offer 24, of which for the dollar there are 4: crosses with the American dollar, the pound sterling, the Japanese yen and the Swedish krona. As usual, the currency that receives the most attention is the US dollar. Continuing with the raw materials, which on this website have incomprehensibly called Goods. About them, it must be said that there are 9 available ones: gold, gold/dollar, silver, platinum, coffee, wheat, corn, sugar, and oil. In addition, there are 52 economic indices, a good number, especially if we take into account that it includes the IBEX 35 and the FUTURE IBEX 35, which for sure are of special interest to our readers. Other indices present are the Dow, Nasdaq, DAX, CAC, Tel Aviv 25 or Bombay SE, among others. Also, you will be able to trade with more than 80 shares of companies, although only two New Zealanders: Banco Santander and Telefónica. In addition to this, you will have the option to invest in some stock pairs, something that not many brokers offer. There are a total of 11. Some examples: gold - oil, BMW - Daimlier, Vodafone - Orange, Google - Baidu, etc.

Welcome bonus

New users will most likely have the opportunity to receive a bonus. It is important to bear in mind that if the bonus is accepted, no money can be withdrawn from the account until the conditions of the bonus are met. This in practice means that you would have to trade a volume of 30, 40 or 50 times the value of the bonus, depending on the specific conditions of yours. So before accepting, be sure to inform yourself well of these conditions and calculate if you will be able to meet them. The minimum trade is $5, so the moment the balance falls below that amount, the bonus is considered to have been lost and the account will be settled.

There is also a bonus for referring a friend. This time the promotion is $ 50 and for it to be activated, your friend must deposit a minimum of $ 200 and make trades for at least once that value. In order to withdraw the bonus money, you will need to trade 30 times its amount. That is, in this case 1500 $.

TR Binary Options payment methods

The minimum possible deposit is $200 and can be made by credit card or CashU. It is also possible to enter by bank transfer, but in that case the minimum will amount to $ 500. If you make a lower income this way you will be charged a commission of $30.

As for withdrawals, the minimum is $10 for credit cards and CashU, and $100 for bank transfer. The first withdrawal of each month is free, however, withdrawal by bank transfer has a commission of $30. The withdrawal options are only two: bank transfer and credit card. To avoid money laundering, they will ask for some documents, but you should not worry because it is normal, all online brokers do it. It is important that you make sure that you meet the bonus requirements, if you enjoyed any, because if not, you will not be able to withdraw your money. This is important, when we say your money we don't mean just the bonus, but also the deposit you made with your funds. This in a regulated broker would not be possible, but this is one of the disadvantages of working with an unlicensed company.

Security and Regulations of TR Binary Options

The problem with trading with an unregulated broker is that it does not offer you any real security. Clearly speaking, the fact that they allow you to take out your money depends exclusively on their morals and goodwill. Reasons for doing so, they should not be lacking. A company that wants to dedicate itself to financial intermediation, lives on the trust of customers and with the internet, as soon as there are a few robberies, the hare jumps. But just because she didn't jump, doesn't mean you should risk being the one to make her jump.

Some international financial authorities, such as those of Australia and Estonia, have issued notices about the activities of this company. In no case have they confirmed that frauds have been carried out, but they have carried out too intrusive marketing offensives and even offered financial advice without being able to do so.

You should always remember that a binary options broker loses money when you win. If the broker is regulated, it must pass audits to prove that its activities are not adversely affected by obvious conflicts of interest between its own and those of its clients. But in cases like this there is no place for such checks. Therefore, in no case accept their advice on which assets you should or should not invest in.

Other aspects that can be problematic, is that the company is not rNew Zealandda by a compensation fund, so if it were to become insolvent, you could not recover your money in any way.

Finally, it should be mentioned that the monetary transactions of deposit or withdrawal of cash, are secure, since the web uses an SSL encryption protocol.

Customer service

Customer support is fully covered 7 days a week, 24 hours a day and is available in New Zealand. In fact, they offer three numbers in New Zealand:

• 34-91-123-4094
• 34-96-013-0545
• 34-91-266-1898

You can also get in touch with them thanks to their live chat, or if you don't mind waiting a little longer, using the contact form or email. In our case we tried the chat and it took less than two minutes to attend us. The answers also arrived after a sufficiently short waiting time, so in this section we have no complaint.

Functionality of the website

The web is another section in which the company complies with market standards. Navigating and moving around it is very intuitive, it has no links that do not work and everything is where it should be. As we have already mentioned, it is translated into New Zealand and, although in some detail, the translation could be a little better, everything is perfectly understood. As for the investment interface, it is perfectly operational, it does not have intrusive elements such as pop-ups or other factors that can distract you and it is very clear without giving rise to confusion.

Mobile application

At the moment they do not have any type of mobile app available. However, they do show the logos of iTunes and the Play Store, so it is possible that this particular will change in the near future. We will be attentive to update this section.

Finding

TR Binary Options is a good broker with a good offer that in many ways improves the market average. However, in our opinion, it has a big problem and that is that its security does not convince us. It would be strange for a company that is not willing to do things right to make efforts such as having a good number of customer service phone numbers available and in several languages or offering unusual products with raw materials that go beyond gold and silver or asset pairs. Of course, all this does not mean anything about security, but it would be strange efforts in someone who wanted to engage in scams.

However, we must stick to the facts and they are that we cannot rely on a license, and therefore the most basic security measures simply depend on the broker's good intention. If you want to invest safely, we invite you to visit this page with regulated binary options brokers , since all of them have the obligation to follow what is stipulated in the MiFID.