In the world of binary options trading, there are certain names that stand out more prominently than others on a global basis. One of which being TradeRush – a veteran trading platform founded all the way back in 2011 and recently re-branded TR Binary Options. Why exactly they decided to go ahead such a comprehensive re-branding effort given the way in which they were already a household name remains a mystery, but that’s all by the by. What really matters is whether TR Binary Options can continue the strong name established during its prior tenure as TradeRush. They’ve certainly got the status and a fairly enormous audience, but do they deliver the goods when put to the test?
Well, what has always stood out about the way TR Binary Options does business is the way in which it has existed as something of a no-nonsense affair. Free from gimmicks and the kind of unnecessary garnishes that only served to distract and mislead, TR Binary Options has instead focused on delivering exactly what traders are looking for – nothing more and nothing less. And as far as our own personal experience with TR Binary Options goes, this appears to be exactly what they are delivering right now.
Platform and Payouts
Kicking off with a point of real importance, there will be plenty of traders who will tell you that maximum payouts of 81% simply aren’t enough. Given the fact that brokers like EZ Trader claim to offer 95% and Boss Capital 85%, it’s natural to find yourself asking why you should settle for 81%. The answer is simple though – 81% is an honest, realistic and achievable maximum payout that you are in fact likely to see. By contrast, maximum payouts said to be in the region of 95% are the kinds of payouts you might be waiting for an eternity to see. So as far as we’re concerned, TR Binary Options excels in its transparency and honesty, rather than simply looking to mislead traders with over inflated claims
In terms of the platform itself, anyone that was in any way enamoured with the original TradeRush experience will be pleased to hear that absolutely nothing has changed since the company became TR Binary Options. Available in eight languages of which each and every one has been given a surprising amount of care and attention, the platform is presented absolutely beautifully and the interface really could not be more user friendly. When it comes to accessibility and getting a feel for how things work, the truth is there are very few platforms out there that can compare to TR Binary Options. Even if this is your first time working with binary options, you will find yourself flying through the process in a matter of minutes. The asset library is packed with more than 150 tradable assets, which might not be the largest collection available but is nonetheless populated exclusively by assets of premium quality and importance. What’s more, they’re always happy to hear the requests and recommendations of their customers, which is nice.
The Licensing Issue
Having not revisited TR Binary Options for some time, we were quite surprised to learn during our investigation that they still do not carry CySEC licensing and continue to operate as an unregulated broker. Nevertheless, we have it on good authority that they are currently in the process of applying for (and hopefully receiving) CySEC certification, meaning that this may well be turned around in the near future.
For the time being, we’ll give them the benefit of the doubt.
Trading Types and Accounts
Back with the trading itself, trading instruments are served up in generous numbers which include the advanced Option Pro, Options Builder, One Touch Trades, standard Call/Put trade and of course, 60-second trades. As such, it’s safe to say that the preferences and priorities of traders at all levels should be covered nicely by what’s on offer at TR Binary Options. Option Pro in particular is nothing short of fantastic, for those looking to take full control of every aspect of their trades and engineer their moves for the best possible returns.
Surprisingly, and entirely for all the wrong reasons, one area in which TR Binary Options continues to disappoint is with its demo account. After years of continuous cries from customers begging for some kind of demo account, the TR Binary Options team finally decided to bring one into the mix. Unfortunately, they went the same way as so many other binary options brokers, in that they insisted on launching a demo account that requires a real money deposit to get started. Given the fact that the cheapest account with TR Binary Options is available for $250 as a minimum, this is therefore the minimum required payment to try out the demo account. It’s not as if TR Binary Options is alone in this particular let-down, but it is nonetheless something we see as hugely disappointing.
As for those account types, $250 will land you a Mini Account with perks including a 20% welcome bonus, daily and weekly market reviews and access to learning materials. Perks then continue to increase in generosity throughout the $1,000, $5,000 or $10,000 Executive, Gold or Platinum Accounts respectively. Those willing to hand over the highest sums of cash enjoy quite a number of interesting perks and privileges, including risk-free trades, dedicated account managers, higher introductory bonuses and faster withdrawals.
Referring back to those bonus offers, TR Binary Options frequently updates and modifies what’s available, but at the time of our review it was a case of being offered anything from 20% to 100% of your initial deposit amount in the form of a bonus. Be warned though – terms and conditions are somewhat on the excessively steep side, as outlined by TR Binary Options itself:
“Withdrawal of funds which have received additional rewards, bonuses, or promotions, require a trading volume fulfillment of 30, 40 or 50 times the bonus or in the event of a refund bonus 20 times the bonus amount.”
Suffice to say, it might be worth your while walking away from these bonus offers altogether.
TR Binary Options Academy and App
By a relatively wide margin, the educational resources available via the TR Binary Options Academy are some of the best you are likely to come across from any binary options broker. Though strictly available to paid members only, there is nonetheless an extensive range of video tutorials, in-depth courses, introductory training guides and a fantastic ebook that is yours to download and keep. Whether looking to get started or take things to a much higher level, chances are you’ll find exactly what you need right here.
In addition, the fact that TR Binary Options has taken such a simplified approach to its user experience in general means that the whole thing translates perfectly to mobile devices. There’s really very little that needs to be said about the mobile experience, other than it is every bit as enjoyable, reliable and feature packed as the primary desktop platform.
Last but not least, while there’s nothing but positive things to say about the TR Binary Options customer service team, it’s a shame they only operate on weekdays. It’s not as if the vast majority of traders are out for customer support over the weekend anyway, but still…it would be nice if they were available seven days a week, rather than five.
Just as was the case with TradeRush before, the benefits of signing up with TR Binary Options include generous maximum payouts, an incredibly user-friendly platform, fabulous learning resources, solid customer support, an impressive mobile application and a wide variety of trading instruments.
Unfortunately, there are still a few areas that need attention for TR Binary Options to tick all the right boxes. The fact that the demo account is not available free of charge is extremely disappointing, excessively steep bonus terms and conditions are always unfortunate and for the time being at least, TR Binary Options continues to exist as an unregulated broker.
It would be entirely unfair not to give TR Binary Options our full backing and recommendation, given the way in which they have put together a comprehensively excellent overall service package. There may be one or two issues that could definitely do with being addressed, but at least in comparison with the vast majority of other brokers in business, TR Binary Options gets the job done in a big way.
Customer Service –+44-808-189-1458
Email – [email protected]
Live Chat – via https://www.trbinaryoptions.com/contact/
Registered Office – Cheshire Capital Limited, Cavell House, Stannard Place, Crispins Road, Norwich, NR3 1YE, UK