Titan Trade Review
Titan Trade ReviewFebruary 2, 2014
Titan Trade is one of the best new Spotoption brokers offering up to 85% return on digital options and 60 second options trading. This broker also accepts all US traders and has a clean reputation for paying out winning trades promptly every time.
- Minimum Deposit: $/€/£250
- Minimum Withdrawal: $/€/£100
- Withdrawal Fee: No fee if you cash out to your credit or debit card once a month. After that its $/€/£30.
- Minimum Trade: $/€/£5 (on 60 Second options)
- Expiry Rates:(Bid + Ask)/2
- Bonus Requirements for Payments: 30 times the deposit amount
Signing Up: Registering an account was as easy as 1,2,3. The support staff initiated contact via live chat once I completed the process.
Platform: The platform is Spotoption, and Titan uses the new layout which looks a lot sharper.
Mobile Trading: No mobile trading is offered, so if you are looking to trade on your Iphone, Android, Ipad, Smartphone, or Tablet you can try brokers like Bloombex.
Assets (Partial List)
Stocks: MSFT, APPL, GOOG, BP, Nike, Pfizer, Teva, Unilever, Starbucks, Vodaphone, Deutsche Bank, AMZN, FB, JPMorgan, Disney, Goldman Sachs, AIG, IBM, McDonald’s, Citigroup.
Commodities: Corn, Platinum, Wheat, Gold, Silver, Oil, Sugar, Coffee
Currency Pairs: EUR/USD, GBP/USD, USD/JPY, NZD/USD, USD/CHF, AUD/USD, EUR/GBP, EUR/JPY
Indices: Tadawul, NIKKEI 225, Ibex, Nifty, S&P 500 , DAX, Tel Aviv 25, Nasdaq, Hang Seng, Kuwait, Dubai, Qatar, CAC
Digital Options: This is the standard binary options trading format where all you have to do is guess the direction of the asset (Up/Down or Above/Below) and if you guess correctly your contract will expire in the money.
Options Builder: This feature allows you to customize your trades. You can create and manage your risk portfolio by selecting the assets and sums you wish to invest. Additionally you have more control over the expiry times and risk vs. profit ratio.
One Touch: A very lucrative and risky instrument where you can profit as much as 500% on your initial investment. It’s not for the faint of heart and definitely not for beginners, however if you like to take risks you can make huge gains. If you believe the price of an underlying asset will rise beyond a certain level sometime in the foreseeable future, but you’re unsure if the higher price will sustain itself, you can use this option and make money. Trading on weekends including Sunday can be done on one touch as well.
60 Seconds: Action-packed trading fun and excitement packed up in 1 minute contracts.
Rollover: Roll over your expiry time to the next available opening. Generally I recommend against this since there is a fee involved, however if you feel that your option will expire Out of the Money you can use it every now and then, but don’t overdo it.
Buy Me Out: Here you can sell an option before it expires if you think you have a losing trade. Much the same as Rollover, there is a fee involved so try to stay away from using this option.
Double Up: In this scenario, if you feel you have a winning trade you can double your investment amount and maximize potential gains. I used this a few times before and it can be very dangerous so be careful.
Promotions, Bonuses, and Incentives: Bonuses, risk-free trades, and cash back offers are just a few of the perks given to depositing traders. I personally received an Ipad and gave it to my ex-wife since I don’t need it.
VIP Club: VIP Accounts offer up to 75% in bonus cash, including private account managers that assist you in executing trades and help you formulate a trading strategy.
Banking: Use any credit card to deposit. Visa, Mastercard, Amex (American Express), Dincers Club, Maestro & Switch Debit. Withdrawals are done via bank wires and credit cards. Accepted currencies are EUR, GBP, USD.
Customer Service: The customer service is exemplary with helpful agents assisting your every need.
Conclusion: Titan Trade is an excellent broker accepting all US traders offering a superb trading environment coupled with excellent customer service. The assets index could have a bit more variety and the only language supported is English. Other than that, it’s a winner and highly recommended. Overall score 9.4/10.