Trading is a great way to make money, however the rising number of scams are adversely affecting the reputation of online trading. Traders are getting bad experiences and being duped of their investments. For this reason, we have taken it upon ourselves to unravel the mystery behind a couple of scam companies and also to equip our readers with extensive information. Just in case you are about to use TOR option as your binary broker, our in-depth investigation and fished out facts has proven this binary broker less than reliable.
TOR Option Trading Platform
TOR Option makes the claim that their system of operation is ground-breaking. It also claims to use cutting-edge technology that seems ideal for online traders. However, when TOR option is compared to other well known binary brokers, you can tell that TOR option is not what it appears to be.
TOR option apparently adopts the SpotOption platform, Trading Platform 4.0 and the WebGL technology. Based on our research, we can tell that this complex and difficult platform could be discouraging for beginner traders. Experienced traders may find it less difficult while using the platform. They are somewhat accustomed to it and can apply prior knowledge learned in the past. Fortunately for the first timers, there are helpful tools that can facilitate trading only if they know how to use them properly. These tools are; RSI, oscillators, Bollinger Bands, Parabolic SAR, MACD, Fibonacci lines, candlestick analysis and bar charts.
TOR Option Bonus
TOR option claims to offer a tremendous bonus to users as soon
as they get signed up. However the conditions attached to this bonus was what actually got us interested in making a thorough investigation. To have an entitlement to this bonus offer, TOR option urge users to trade 35 times the value of their investments and bonus percentage which is ridiculously high from an expert opinion. The commonest and ideal offer of binary option brokers requires users to trade 20-30 times the value of their investments. TOR option bonus offer is apparently not realistic and may be impossible for users to meet. For this reason, we consider this, a tricky strategy adopted by only the mischievous option brokers. This obviously seems fishy and disreputable. It is totally against the laid down principles of the binary option business.
Is TOR Option Broker a Scam?
There is no doubt that TOR option has a reputable company profile, however its system operation is very unreliable and problematic. This fact was deduced from our research, which exposed their recent trading strategy of using an automated trading robot to help traders make trades.
Based on customer feedback and complaints regarding total loss of investments due to the advanced feature adopted by TOR option it is proven that TOR option is a total disappointment. Inability to log into your account immediately after facing a technical glitch also declares them incompetent in their operations.
TOR Options Withdrawals
According to TOR Option, users are sure of getting instant withdrawal at the time they need it, well this is very unlikely to customers’ reviews in regard to TOR option withdrawal method. There are known instances where unnecessary and higher withdrawals are automatically made from the accounts of users when meager funds are deposited. From all these deductions made, we can draw a constructive conclusion that TOR options lack transparency which is a key value in online trading. We implore our readers to make research on transparent and reliable brokers so that they do not fall a victim of scam.
Is TOR Option a Legit Broker?
TOR Options seem to be a legit broker with recognized company details and verified CySEC license. They have all legal documents that prove their genuine existence but this does not confirm their transparency and reliability. Despite its legal backing by government authority, make sure you make integrated research to know all the intricacies of the binary options broker.
The Final Verdict
We do not recommend TOR option as a trading platform to our readers. It is quite easy to ascertain from the unbiased customer reviews that TOR option may most probably not give its customers the actual value of their investments. They do not have a stable business reputation and cannot guarantee their clients 100% optimum satisfaction. There are a lot of comments reported on forums and blogs mentioning withdrawal problems, profound negative feedbacks from unsatisfied clients struggling with the difficult to use trading platform. Just as a note of warning to all traders, we advise you to stay away from TOR options if you wish to have an awesome and positive trading experience.
- Office address available
- Live Chat Support
- Not licensed or regulated
- Excessive minimum trading volumes for bonus
- No Demo Account
- Suspicious Scam Style info on the main page