Review of the Binary Options Broker TR Binary Options
TR Binary Options is a binary options broker which offers various types of options (Above/Below, One Touch and custom) and a lot of underlying assets (markets). It also accept accounts from clients of United States. The trading platform of this broker is a web based applications with an user friendly interface designed for beginners and experienced traders.
Type of Broker
TR Binary Options is a Binary Options Broker
Country of origin
This broker has offices in Europe and United States.
No information about it.
TR Binary Options offers its clients the possibility to trade with Binary Options based on the following 61 underlying assets:
- Forex Market: 13 currency pairs of the Forex markets, including the most important such as the EUR/USD, USD/JPY and GBP/USD and other more exotic like the USD/RUB.
- Commodities: 9 of the most important and traded commodities in the market including precious metals like platinum, gold and silver and other types of commodities such as oil, corn, sugar, coffee, cotton and wheat.
- Indices: 21 of the major stock indices of the market. In this case the client of TR Binary Options can trade with options based on indices like Dow Jones, S&P 500, Nasdaq, DAX, ASX, Hang Seng and Bombay SE among other.
Stocks: 18 of the main shares of the US market, the European market and the Asian market, including Google, Coca Cola, Barclays, HSBC, Tata Motors and Gazprom among other.
Types of Binary Options
This broker offers the the possibility to trade with the following types of binary options:
- Above/Below Binary Options: These are the most common and traded binary options thanks to their simplicity and the high and fast income that they offer. With the Above/Below Options, the trader only has to determine if the price of the underlying asset is going to be up or down once the option expires. Usually, the expiration period of the options offered by this broker is 1 hour. TR Binary Options offers a special type of Above/Below option with an expiration period of 60 seconds
- One Touch Binary Options: These are options a bit more complex than Above/Below binary options. In this case the trader must establish if the price of the underlying asset is going to reach or not a particular price level before the option expires. In general, the maturity of One Touch options can last several days (usually is a week), so they offer a higher yield (up to 500% of the option inversion) compared to the Above/Below options.
- Custom Options *: Through the application called “Option Builder”, TR Binary Options allows their clients to design and customize their own Binary Options, so the traders can customize their trades by selecting different combinations of variables. With this tool, the investors can create an ideal option that is completely adapted to their trading strategy.
- 60 Seconds Binary Options: These are binary options with an expiration period of just 60 seconds. These options allow to obtain fast profits from the micro movements in the market.
*The performance offered by the custom options depends on the combinations of variables selected by the trader.
Payments Offered by TR Binary Options
- TR Binary Options has one trading account for all its clients created to trade with regular Above/Below Binary Options of various maturities, One Touch options and custom binary options based on all underlying assets offered by this broker. In this case, the opening of this account is totally free. The client must deposit funds only when he is going to trade with options.
- This account offers all services of this broker, including the trading platform, all the underlying assets for trading, bonuses and other.
This broker has two trading platforms online (no download and installation required) with the following features:
-Platform based on the application SpotOption: It is one of the most comprehensive platform to trade with binary options. It is characterized by being simple and user friendly. It has a fully customizable interface which allows the users to suit their needs. SpotOpion also includes various tools such as price charts and features for complete management of operations. With this application the trader can select the underlying asset, the option type (call or put) and the amount to invest.
-OptionPro: An online application that unlike the previous platform has an interface more focused on charts. It is an easy to use platform which allows the trader to track open positions directly on the graphics, which can be more useful for traders who prefer the information displayed in this way.
TR Binary Options also has an application called Builder Option, which allows the customers to create their own binary options (custom options) according to their requirements. In this case the trader can set the main features of the option as the underlying asset, time to expiration of the option (within a period of 1 to 24 hours), the amount to invest in the operation and the level of risk of the option allowing this to set the expected return if the trade finishes “In The Money”. With this, it is possible to trade with our own strategy and the flexibility of these options is not limited by expiration periods and normal risk levels.
TR Binary Options does not offer a demo account, but the actual account can be opened free of charge
Main Advantages of TR Binary Options
- This broker accepts clients from USA.
- TR Binary Options offers bonuses for the opening of a trading account and the deposit of funds. These bonuses can be withdrawn when certain conditions are met.
- This company has a good customer service through e-mail, telephone and online chat in the broker´s website. TR Binary Options has offices in United States.
- The client can trade with binary options based on a lot of underlying assets like currency pairs, stocks, indices and commodities.
- This broker offers its customers the possibility to design their own custom options according to their trading strategy.
- The trader has the option to double its position. If an option is close to its expiration period and the trader believes that his forecast about the price behavior will be fulfilled, TR Binary Options gives the opportunity to acquire a new option with the same conditions but taking the current price of the underlying active. With this, the trader can increase its investment allowing this to duplicate the earnings if the options expire “In The Money”.
- The trader can also extend the period of expiration of an option that has the potential to cause losses. This allows the trader to increase the chances of an option to ends “In The Money”, especially in those cases where he believes the market will move in the direction predicted within the extended time interval. With this tool the clients can maximize their profits, especially during those periods when the market makes temporary countertrend movements.
- Through its website, TR Binary Options provides daily, weekly and monthly analysis and reports made by market experts.
- It offers a comprehensive guide about binary options which can be downloaded for free from the company´s website.
- The trading accounts can be opened in euros and US dollars.
- The trading platform of TR Binary Options is a web based application and it is very user friendly.
- No commissions and no fees of any kind.
- This binary options broker offers a unique feature among companies of its kind, which is the possibility to create custom options through the use of different combinations of variables (risk levels, underlying assets, expiration periods, etc.).
- TR Binary Options offers live and professional assistance for its clients through account executives.
- Through its website, this broker offers daily and weekly market analysis completely free.
- TR Binary Options offers the opportunity to earn money by promoting its services as a binary options broker through an associated affiliate program called RushBucks.
Main Brokers Offers
TR Binary Options offers regular bonuses for new and regular clients by the deposits of funds in the trading accounts. The current bonus packages are the following:
- A welcome bonus of 25% for deposits from $250-$999.
- A welcome bonus of 20% for deposits from $1000-$4999.
TR Binary Options Ltd
|Minimum account size||The minimum amount of capital to start trading with TR Binary Options is 100 dollars or euros, depending on the currency chosen by the client to open the trading account.|
|Minimum transaction size||5 US dollars/euros.|
|Maximum transaction size.||2500 US dollars/euros.|
|Link to the website||TR Binary Options Website|
|Open an account|