TORoption is an unlicensed Bitcoin & Forex broker that is owned by Smart Choice Pro Ltd, located at Trust Company Complex, Ajeltake Road Ajeltake Island, Majuro Marshall Islands MH 96960. Their phone number is +44 203 519 2667, and their email address is email@example.com.
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TORoption is offering traders the simple and easy to use SpotOption trading system for Forex CFD’s. In December 2017, that discontinued offering binary options options and now focus exclusively on CFD trading.
With all the interest in Bitcoin and Crypto Currency, their trading platform has listed underlying assets of Bitcoin, Litecoin, Dash and all major crosses associated with bitcoin. In total, there is available over 100 products for trading, including popular Forex pairs, Commodities, Market Indexes and Stocks.
When checking the spread on BTC/USD, we noticed it was $400 wide. Leverage was either 1:2 or 1:3. Minimum deposit for a trading account at TOR is the standard $250.
We see that they are offering new traders who deposit $250 a 10% trading bonus.
If you are interested in taking advantage of the bonus, it is important for you to read and understand their terms and conditions, or you will have complaints. They require you to make trades in excess of 20 times your deposit plus bonus amount, before you can withdraw your money.
No License & Not Regulated
When the Scam Broker Investigator researches and compares CFD brokers to determine if they are scams or real brokers, we check for a local brokers license. Usually brokers will get their license from the FCA in the United Kingdom, or from ASIC in Australia.
TORoption is not a licensed broker.
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Have you been trading binary options at TORoption? Please share your feedback with other traders in the comment section below.