Need the UK-based broker Learn more at TorOption review

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TorOption Review

Rating:

Nowadays there is no difficulty for retail investors to access binary options trading, since many brokers on the market have opened their doors. Even though among them there are many scams, you can still find a reputable broker with great offers. One of them is undoubtedly TorOption. We encourage you to read our TorOption opinion to learn more.

Min. Deposit: $350 Demo: Yes

Platform: SpotOption Bonus: 150%

Regulation: N/A US Clients: No

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RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

TorOption opinion: The Company Overview

TorOption is a brokerage firm located in UK. In our review of TorOption we discovered that the company’s headquarters is located in London, 31 Southhampton Row.

TorOption website is multilingual and perfectly operates in English, Russian, Spanish and German. This binary broker is client focused, that is why their 24/5 customer support is always friendly and helpful in resolving any arising issues. You contact it via live chat, email or telephone.

We should as well mention the advanced security features. You might have learned from other reviews of TorOption that this binary broker ensures the complete protection of personal and financial account data of every customer. This became possible thanks to SSL encryption.

TorOption broker: Account packages and trading platform

TorOption offers 3 account types that can suit all types of investors. The minimum deposit requirement is $350. You can observe more detailed description of trading accounts below:

As for the trading platform, TorOption is using top-tier web-based platform – SpotOption. At TorOption you can trade almost any financial instruments you want: international stocks, commodities, FX, indices. In addition, our TorOption review found out that this broker offers various types of binary trading. Let’s take a look at them:

  • Binary Options
    Simple binary options trading, where you decide whether an asset will increase or decrease in value.
  • Long-Term Trading
    This type of trading is more suitable for binary options veterans who enjoy spending their time at deep markets’ analysis. Long-term trades last from 3 days up to years.
  • 60-second trading
    In this type of binary trading you predict whether the price of an asset will rise or fall within 1-minute time frame.
  • iFollow
    We should devote your attention to the special type of options trading available at TorOption binary broker – iFollow. This is a social trading tool that enables you to follow the performance of best binary traders in the market, which is basically making profit by copying successful trades. This is a great choice for new traders who want to learn from professionals.
  • One Touch Trading
    This is the type of options trading, where you predict whether the price of an asset will reach a pre-determined price. If your asset reaches this particular price level, you will end up in profit.
  • Financial Ladder
    This is the type of binary trading, which we would rather prefer to call a strategy in our TorOption broker review. Technically, you select an expiry time and direction for your first asset and as soon as this trade closes favourably, you can reinvest earned profits in your next trade.

TorOption opinions: Market Analysis

Some sceptical TorOption reviews would say that if TorOption does not provide a demo account, it cannot be called a decent broker. Well, we would disagree on this point. Since TorOption does not provide demo accounts, it commits a lot of work to provide the most sufficient market analysis for TorOption traders to make best trading decisions. Therefore, TorOption has supplied a number of tools that might come handy: Daily Market Review, Weekly Market Review, Trading Hours, Asset Index and Economic Calendar.

Best Binary Options Brokers 2020:
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    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
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  • Binomo
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    Good Choice For Experienced Traders! 2nd place in the ranking!

We believe that introducing such tools was a right decision to create positive TorOption opinions, because analysis matters a lot in trading.

TorOption Reviews: Deposits and Withdrawals

To fund your account you can use debit/credit cards, wire transfers, electronic wallets (e.g. Skrill, WebMoney).

To make a withdrawal, you have to submit your ID and credit/debit card information beforehand. Typically, the withdrawal request needs from 5 up to 7 business days to processed.

TorOption Review: Conclusion

TorOption has shown that providing good technical base and understanding customers’ needs is the way that successful brokers should go. That is why you will unlikely hear someone calling TorOption scam. TorOption can provide both beginners and experienced traders with an excellent trading experience and transparency. Thus, we recommend you to sign up!

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

UK Forex Brokers Reviews

In the UK, the Financial Services Authority (FSA) is the only regulator that oversees the operations of financial services providers. Brokerage houses, exchanges and other financial services market all fall under FSA jurisdiction. However, when it comes to regulation related to selling, management and handling of investments, as well as treatment of customers, it is the Financial Conduct Authority, (FCA) that is the main watchdog.

UK based traders can register and trade with any broker. However, as the UK is a member of the European Union, trading with an EU licensed and regulated broker provides reassurance and security. UK Forex brokers should always be FSA regulated.

We recommend that all traders do the proper research into the many Forex brokers before registering with any one of them. We have made this search as easy as possible by offering a list of top Forex brokers in the UK for you to choose from. We’ve reviewed them all and have selected the top Forex brokers with a track record in providing their customers with the best possible trading experience.

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UK Forex Brokers Reviews

Plus500 Ltd is headquartered in Israel with subsidiaries in the United Kingdom, Cyprus and Australia: Plus500 is a CFD broker operating out of the United Kingdom. A huge accomplishment for this company is that it is a FTSE 250 listed brokerage, which brings with it the respect and prestige that many smaller brokers have not earned.

IFC Markets, headquartered in Cyprus, is one of the leading regulated brokers in CFD and Forex markets. The company was founded in 2006 and since then, IFC Markets has expanded the range of services provided and has been focused on the development and implementation of innovative approaches to trading.

Tickmill is an online Forex and CFD market-making brokerage launched in 2020. They are headquartered in both the United Kingdom and The Seychelles, and they offer a choice of accounts in either location, although availability may be restricted based upon a client’s residence or tax status. The U.K. account office is based in London and these accounts are regulated by the U.K.’s Financial Conduct Authority (FCA), a major advantage of which is deposit protection up to a maximum amount of £50,000. The Seychelles accounts are regulated by the Seychelles Financial Services Authority (FSA).

MarketsX, which many traders may know by its former name Markets.com, is a global Forex broker that became operational in 2020. This broker started its journey as GFC Markets but rebranded as Markets.com in 2020 following the merger between Safecap Investments LTD, the owner of GFC Markets, and TradeFX. In 2020, the FTSE250 listed gaming software company Playtech PLC, ticker symbol PTEC, acquired TradeFX for £458 million. This made Playtech the owner of Markets.com, which is now rebranding itself as MarketsX.

As one of the oldest and most established Forex and CFD brokers in the world, City Index has grown to be one of the world leaders in spread betting and CFD trading. The company was established in the UK in 1983 and has been around for over 30 years, a timeframe that is practically unheard of in the industry. City Index has recently been acquired by GAIN Capital Holdings, Inc. a global leader in online trading, creating a retail business with over 235,000 funded accounts, $1.2 billion in customer assets and $3.1 trillion in annual trading volume. The company has offices in London, Dubai, Sydney, New Jersey, Shanghai, Tokyo, Hong Kong and Singapore which accommodates a staff of over 800 employees. City Index and transact over $400 billion in trade volume every month for individuals in over 50 countries worldwide. City Index is authorized and regulated by the UK’s Financial Conduct Authority (FCA).

FXCM was founded in 1991 in the United States, but has since left the U.S. market and shifted its focus to other regions. Since 2020, FXCM started a rebranding phase as a Leucadia company owned by Jefferies Financial Group.

Trade360 CrowdTrading is a Cypriot broker domiciled in Cyprus and regulated by CySec (Cyprus Securities and Exchange Commission). Cyprus is a regulated and well known domicile for brokerages. They are also covered by MiFID regulation. Trade360 is under constant scrutiny and review.

Vestle UK is a trading name of Black Pearl Securities Limited (Company number 08823678). Black Pearl Securities Limited is authorised and regulated by the Financial Conduct Authority (FCA). They offer traders the opportunity to trade an unusually wide range of CFDs (Contracts for Difference), even including a selection of ETFs (exchange-traded funds). Access to such a wide-ranging investment universe is unusual in the retail online brokerage industry. In addition to ETFs, Vestle offers CFD trading on commodities, indices, shares, cryptocurrencies, and Forex currency pairs across both major and minor financial markets. A total of over 800 instruments can be traded with Vestle.

eToro is a veteran Forex broker that was founded in 2007 under the name RetailFX in Israel. This brokerage is one of the pioneers of social trading, and in 2020 the company announced that over 8,000,000 accounts had been opened at eToro.

Trade.com was founded in 2009 and has grown into a brokerage powerhouse, catering to over 100,000 active traders. This multi-asset brokerage features over 2,100 assets across five categories and is regulated by three jurisdictions. Besides CFD trading, it provides clients direct market access (DMA) where over 100,000 assets across 125 markets are available. Between 73.84% and 75.40% of traders lose money with this market maker broker.

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Risk Disclaimer: DailyForex will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis, trading signals and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of DailyForex or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade Forex or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite. We work hard to offer you valuable information about all of the brokers that we review. In order to provide you with this free service we receive advertising fees from brokers, including some of those listed within our rankings and on this page. While we do our utmost to ensure that all our data is up-to-date, we encourage you to verify our information with the broker directly.

Royal Capital Pro Review

Rating:

Want to trade with the broker that is based in the United Kingdom? There is always a choice! Read our full Royal Capital Pro review and find out if this broker can become your choice number one!

Min. Deposit: $250 Demo: No

Platform: MT4 Bonus: N/A

Regulation: FCA US Clients: No

Royal Capital Pro is a successful brokerage firm that has been delivering its services since 2020. The website of Royal Capital Pro is owned and is being operated by Media Zone Solutions LTD. As for the headquarters of this broker, it is located in 272 Bath Street Glasgow, G2 4JR, Scotland.

Royal Capital Pro is pretty transparent about its activity and their website has provided us with all the required information. Is Royal Capital legit? Our answer is yes.

The customer support is 24/5 and can be reached via phone or email. The support agents speak two languages: English and Arabic.

Trading Accounts

It is rather easy to open the account at this broker and you do not have to give a lot of your personal data. There are 3 currencies available when you register: USD, EUR and GBP. After the account is opened, it is up to the trader to choose between 4 different account packages. Let’s take a closer look at them further in our Royal Capital Pro review:

Silver account is the most basic one which is generally good for the Forex starters. Minimum deposit requirement is $250. Then comes Gold account with more advanced features and personalized approach. The minimum investment for Gold account is $1000. The last ordinary trading account is Platinum that can be opened once you deposit $5000 or more. Platinum account provides a trader with assigned account manager, various market reports etc. If you want to be treated as VIP, then you can certainly go for Platinum.

It is important to mention that the broker only charges the spread for order execution, which means that there are no hidden commissions. However, our review of Royal Capital Pro has spotted that for overnight positions the broker still charges a fee and you should specify this at customer support.

The fourth account that we have mentioned is called Islamic Account. Known as swap-free account, the Islamic account at Royal Capital Pro. This means that the broker will never charge a rollover fee or widen the spread for those traders that follow the Muslim faith. Islamic account is granted in person, so it is necessary to contact customer support if you want to open it.

Additionally, the broker allows opening a demo account with $50000 virtual funds. This a good way to practice and enhance your FX trading skills.

Trading platforms

Royal Capital Pro Forex broker offers 3 distinct trading platforms for all its clients. They include MT4, cTrader a proprietary WebTrader platform.

MT4 and cTrader are the desktop platforms which need the software to be installed on the PC. As the two most popular Forex trading platforms, MT4 and cTrader offer advanced charting tools, ultra-fast order execution and the massive library of technical indicators. In addition, the automated trading is possible via these platforms. On MT4 it is represented by Expert Advisors or EAs developed with the help of MQL4 programming language. On the other hand, cTrader delivers automated trading via cAlgo. It is vital to mention that Royal Capital Pro allows trading on the move thanks to the MT4 apps available via App Store and Google Play.

The second platform offered at this broker is the WebTrader. As all web-based platforms, Royal Capital Pro WebTrader does not expect you to download any software. The platform utilizes HTML5. As other Royal Capital Pro reviews admit, the overall performance is seamless and the design is certainly comfortable for trading

On all its trading platforms, Royal Capital Pro offers 4 types of trading instruments – Forex, Index CFDs, Precious Metals and Energy Commodities. There is currently for trading Royal Capital Pro binary option, although this might come up with the next update.

Education

When preparing this Royal Capital Pro opinion we have noticed a great educational section at the website. The broker has provided all users with the massive amount of video tutorials that explain the basics of Forex trading, show how to use MT4 and teach key Forex trading strategies.

On top of that, there is a possibility to use the Glossary to know the necessary trading terms.

Deposits and Withdrawals

Deposits and Withdrawals can be made with credit/debit card, Skrill, Neteller and wire transfers. Generally, there are no fees associated with making deposits or withdrawing funds. However, Royal Capital Pro broker still charges $35 or the equivalent amount for withdrawal via wires.

To become eligible for funds withdrawal, the broker requires you to upload necessary documents, e.g. ID and the proof of address.

Conclusion

You certainly can make money with this Forex broker. Is Royal Capital Pro scam? We are not inclined to think so. Be free to sign up!

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Best Binary Options Broker 2020!
    Perfect For Beginners!
    Free Demo Account!
    Free Trading Education!
    Get Your Sign-Up Bonus Now!

  • Binomo
    Binomo

    Good Choice For Experienced Traders! 2nd place in the ranking!

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