Titan Trade Review

Titan Trade platformA web based binary trading platform headquartered in Victoria Mahe Seychelles, Titan Trade was established sometime in the middle of 2013. Spotting a clean cut design, the platform aims to provide online financial traders with the opportunity to trade various financial assets such as stocks, indices, forex and commodities in a safe and comfortable trading environment.

Trading Platform

Like most of the binary trading platforms today, Titan Trade rely the white label SpotOption trading engine to power its trading platform. Approved by the Cyprus Securities and Exchange Commission (CySEC), the popular SpotOption platform has been under constant tweaking to improve its performance since 2008. Trading accuracy is ensured with live price feeds from Reuters. The flexibility and ease of use is another reason why many traders love this platform.

Unique Features

In addition to the reliability of the SpotOption powered platform, the platform is also well known for their special features which are not found elsewhere. They include:

  • Buy Me Out – A feature which let traders cash out their trades before their expiry time.
  • Double Up – A feature which traders can utilize to duplicate another set of trade under the same conditions.
  • Rollover – A feature which allows traders to extend the expiry time of their trades.

Trade Types

At Titan Trade, there are choices of different types of trading contracts which traders can trade with:

Titan Trade Trade types

60 Seconds Options

With the 60 seconds options, traders can hope to get their returns back in merely a minute time. With just a minimum trade requirement of $5, anyone can afford to trade this fast and exciting option contract.

Classic Call/Put Options

The simplest and most popular type of trading contract, the classic Call/Put option let traders benefit from the dynamic financial markets with just a click of a button.

Long Term Options

With an expiry time of not less than 3 days, long term options allow traders to have more flexibility with their trades especially with regards to the expiry time.

One touch Options

With One Touch options, the trade is concluded once the asset’s price touches the target price. Payouts can be as high as 500%.

Pairs Options

This type of option trading is a relatively new way of trading binaries. Traders can pit the performance of two different assets within the same asset class against each other, for example Twitter vs. Facebook.

Trading Accounts

Although there is more administration cost associated with having different types of trading account for their clients, Titan trade recognizes the fact that each trader is different. Hence, traders have a choice of different 5 different types of trading accounts.

Micro Account

  • 20% welcome bonus
  • Access to Daily Market Review
  • Copy of TitanTrade E-book.
  • Minimum Deposit 500 USD

Classic Account

  • All the benefits of the Micro/Test Account
  •  Minimum Deposit 1,000-2,500 USD
  • Welcome Bonus of 30%

Premium Trading Account

  • 40% Welcome Bonus      
  • Advanced Trading Assistance
  • All The Benefits Of Classic Account
  • Minimum Deposit Of 2,500 USD
  • One Risk-Free Trade

Platinum Trading Account

  • 24/5 access to brokerage department
  • Additional Education
  • All the benefits of the Premium Account
  • Market review via email and SMS
  • Minimum Deposit of 5,000 USD
  • Welcome bonus of 50%

VIP Trading Account

  • All the Benefits of the Platinum Accounts
  • Expedited Withdrawals
  • For Serious Investors Looking To Make Large Profits
  • Minimum Deposit of 10,000+ USD
  • Personal Account Manager.
  • Personalized Training
  • Tailor Made Financial Portfolio
  • VIP Services
  • Welcome Bonus Of 75%

Payout Ratios

Returns at Titan Trade are as per industry standard of up to 85%. Out of the money trades are also entitled to a 10% rebate.

Customer Support

The customer support at Titan Trade is 24/7. Traders can access the service via live chat or the toll free numbers provided (5 Countries).

Deposits & Withdrawals

Deposits and withdrawal of funds can only be done through:

  • Credit/Debit Cards
  • Wire Transfers

In order to comply with anti money laundering measures, traders have to adhere to the strict compliance policy adopted by Titan Trade. This requires traders to provide all the necessary documentations as proof of their identities.

The Bottom Line

Although Titan Trade is a relatively new broker, the quality of their services is comparable to some other brokers which have been around longer than they have.

Pros

  • 24/7 Customer Support
  • 5 Types of Trading Accounts
  • Choices of Trading Contract Types
  • Comprehensive Binary Academy
  • Proven Reliable Trading Platform
  • Up To 75% Welcome Bonus

Cons

  • Support Only Credit/Debit Cards and Wire Transfer
  • No Asset List Provided

 

Titan Trade Reliability

Lately, the task of choosing reliable binary options broker to work with can really be a challenging task. The main reason is because nowadays, there are so many binary brokers to choose from. To further complicate matters, it seems like almost every other day we get a new binary broker appearing on the trading scene. Hence, in order to avoid any costly mistakes later, traders must ensure that the broker whose services they want to use must meet a minimum level of quality and reliability.

So how we go about determining the reliability of a binary broker like Titan Trade? For starters, we evaluate the technical efficiency of the trading platform that the broker is using. There are two ways which a binary broker can take in acquiring an online trading platform. The first way is rather uncommon which is getting a platform developer to come up with a proprietary platform. This method is usually quite expensive and doesn’t necessarily guarantee that the platform will be bugs free.

The other way of acquiring a platform is by partnering with a dedicated platform provider like SpotOption or TradeSmarter under a white label program. Apparently, this is the approach which Titan Trade took by choosing a SpotOption powered platform. This is definitely a wise choice since the SpotOption platform has been under development since 2008. Apart from being easy to use, the SpotOption based platform has proven to be one of the most reliable binary platforms around. Thus, in term of technical efficiency, Titan Trade has passed with flying colors.

The next thing which we should look at is quality of the customer service. Titan Trade had made it a point to make available their support team on 24/7 basis. This demonstrate a commitment that goes beyond the industry standard since global financial trading is only done on a 24/5 basis. In other words, Titan Trade wants to ensure that their clients’ needs are promptly served. In addition, this broker have also gone through the extent of providing toll free numbers in 5 countries for their clients to call when they need customer support services hence saving them a hefty phone bill.

The only which Titan Trade currently needs to work on is to continue building up a solid credible reputation. Nevertheless, since starting operations in the middle of 2013, there hasn’t been any negative feedback floating around on the internet about Titan Trade. This, we can take as a positive sign that this broker is serious about making their customer happy.

 

Titan Trade User Comments

1.     Customer Service Always Available

With 24/7 availability, help is only a click or a phone call away

 

Pro: – 7 days a week customer support assistance

Con: – They only have 2 methods of deposit and withdrawal.

2.     Good Trading Accounts Setup

They let you choose from 5 different types of trading accounts

 

Pro: – Different types of trading accounts to suit different needs

Con: – I wish they will also eWallets instead of just credit cards and wire transfer

3.     Different Types of Options Available

They even have pair trades

 

Pro: – Innovative choices of trading contracts ranging from 60 seconds options to Pair Trades

Con: – It’s strange that they don’t provide an asset list for you to check what they have available for trading.

4.     High Welcome Bonuses

The bonuses that they give out are quite high

 

Pro: – Up 75% in welcome bonus for initial deposits

Con: – Minimum initial deposit could be lower than $250

5.     Always like SpotOption trading platform features

The trading platform is full of useful features like “Buy Me Out” and “Rollover”.

 

Pro: – Intuitive trading platform with useful trading tools

Con: – No complaints here. Level of services is reasonable