Titan Trade Review – Binary Options Broker

Titan Trade Review - Binary Options Broker


Titan Trade Review – Introduction

Established in 2013, TitanTrade is a heavyweight among the tightly packed binary options platform industry. It uses the SpotOption trading platform, but it also has some customized features that set it apart (more on that later). TitanTrade offers its services on a global scale with the notable exceptions of US and Israel. As for the trading experience, customers have at their disposal an impressing array of underlying assets including currency pairs, stock indices, stocks and commodities. Here is our Titan Trade review

What fundamentally separates TitanTrade from its competition is the focus on training. Beyond the regular walkthroughs and guides available for beginners, the company also offers regularly held webinars, daily and weekly analysis, a functioning calendar, automated technical analysis via its interface, free signals as well as focused, detailed insights when major market events occur.

The website was designed from the ground up to not require any downloads for desktop users, but it also offers dedicated apps for Android and iOS for those inclined to trade on the go.

Overall, the website offers you all the tools you need to trade easily anywhere, but, more importantly still, it offers you the chance to evolve as a trader.

Pros:

  • High end security systems in place (SSL and segregated accounts)
  • Huge variety of assets
  • Dedicated customer support team
  • Professional trading assistance
  • Up to 85% profit per individual trade
  • No fees
  • Regularly held promotions and contests

Cons:

  • Account verification is conducted immediately after your first deposit rather than at withdrawal
  • No managed accounts (account managers are only allowed to provide you insight, not trade in your place)

Titan Trade Review – Guide to Trading on TitanTrade

TitanTrade offers several types of accounts, but from the experience other people had it is usually a good idea to talk first with one of their agents. Typically they can offer much better terms than what’s advertised on the website. For this, of course, you will need to input the correct phone number when you create your account.

Keep in mind though that access to educational materials is not actually tied to the amount you invest, it only affects the bonus size.

Types of Binary Options Available on TitanTrade

TitanTrade offers a wide variety of contracts for plain binary options, ranging from 30 seconds to weeks. As a newcomer we would recommend staying away from contracts with a very short expiry and focus on those with an expiry time of more than 10 minutes. Starting from this level, both technical and fundamental analysis are feasible.

On top of that TitanTrade also offers one touch binary options (you need to correctly predict whether the price will reach a certain level anytime during the contract period), paired binary options (you need to correctly predict the relative performance of one asset versus another similar asset), ladder binary options (work similar as the plain type, but you can pick the price level) and, of course, the favorite of newcomers, TradeFollow, which allows you to mirror the trades of other successful traders.

Keep in mind that the payout for these more exotic binary options can reach much higher levels than the plain ones, in some cases exceeding 1000%, but of course with such a high payout, the level of risk goes up as well.