TDOptions Review
Broker | TDOptions |
---|---|
US Traders Accepted | |
Company Name | ChargeXP Investments Ltd. |
Headquarters | Nicosia, Cyprus |
Regulation | No |
Max Payout | 75% |
Out-of-Money Reward | 10% |
Trading Platform | SpotOption |
Deposit Options | Credit/debit cards, wire transfer, CashU, Skrill, Nordea, iDEAL. |
Deposit Currencies | US Dollar, Euro |
Minimum Deposit | $100 |
Minimum Trade | $100 |
Online Since | 2012 |
Trading Instruments | Stocks, Forex, Commodities and Indices |
Number of Trading Instruments | 82 |
Binary Option Types | Put Option, Call Option, PRO Binary, One Touch, 60 Seconds |
Customer Support Types | 24 hour Live Chat (not working), e-mail (bounces back), calling one of the satellite offices (no phone number is given) |
Education Offered | Video Demonstration |
Tools Offered | Daily Market Review, Weekly Market Review, Expired Rates, Live News |
Commission | Credit/debit card – free, wire transfer – $25 |
Languages | English |
Demo Account | No |
TDOptions offers a 100% web based and intuitive trading platform, offering a great degree of convenience and user-friendliness to the traders. This means there is no need to download and install any software and one can start trading from the website itself. However, while trying to access their website, an investor may experience non-responsive web pages, as malfunctioning of the pages cannot be ruled out at times. One can also come across the speed issue while checking different sections of the website. However, the online platform offers more than 80 assets for trading, which presents a good number of trading choices to an investor. Headquartered in Nicosia, Cyprus, TDOptions is the brand name of ChargeXP Investments Ltd, which is not a regulated company, however. On needs to be 18 years old to open an account with them and by depositing a minimum amount of $100 or €100 can start trading with them. The minimum amount of trading is $100 with 65%-75% maximum payout that they offer. They support only English language and thus investors knowing other languages may find difficulties while doing business with TDOptions. They allow a number of deposit options such as credit, debit cards, bank transfers etc.
Trading Choices
The list of instruments that TDOptions has in its portfolio is long enough, offering suitable trading choices to the investors. They have 82 financial instruments in their portfolio including different stocks, Forex, commodities and indices. TDOptions offers a fair earning opportunity with their average In-the-Money ranging between 65% and 75%. Moreover, they provide an average out-of-money reward guarantee of up to 10% which is a kind of surety that a trader would never lose his all money invested with them. With TDOptions, besides investing in conventional binary options of Call Option or Put Option, one can invest in different modes as well, such as PRO Binary, one touch and 60 Seconds. In PRO Binary, one can get a 70% payout with 10% insurance while “One Touch” mode gives an opportunity of making a profit of up to 400%. At the same time, 60 Seconds is a good way of making a 75% profit in just 60 seconds.
When it comes to bonuses, TDOptions offer them as one-time trading credits and rewards customers when they run their promotional programs. These bonuses are limited time offers and the terms and conditions associated with any bonus rewards are subject to change. In order to withdraw the full bonus, one needs to execute a minimum trading volume of 30 times for every $1 bonus. Therefore, traders who love the first deposit bonus schemes will find their bonus programs less encouraging. However, TDOptions offer you an opportunity of referral bonus where if an investor’s referred friend opens an account and deposits a sum of minimum $200 for trading, the investor gets a bonus amount of $50 in his account. This bonus amount can be redeemed for the withdrawal purposes and the 30 times minimum trade execution shall be applicable on this bonus as well. They also maintain a set of procedures for depositing and withdrawal of the funds. A trader needs to submit a set of documents to authenticate their accounts with TDOptions. All required documents can be faxed to the fax number +357-2203-0601 or scanned copies can be mailed to billing@TDOptions.com. Interestingly, this is only Fax no. that they have on their website. You won’t find any other fax or phone numbers on the website. For processing a withdrawal request, they take up to 3 business days and further 5-7 days will be required to reach the money in your account. Withdrawal through Credit Cards is free but if you are trying to withdraw funds using a wire transfer, you will have to pay a processing fee of $25.
Technical Analysis
TDOptions provides several types of technical analysis and tools to the people willing to invest with them. They provide Daily Market Review and Weekly Market Review to the investors helping them assess the market movements. By correctly anticipating marketing moves, one can intelligently select the instrument(s) to invest in. They also provide Expired Rates of the assets which can be particularly of great help for the investors willing to invest through One Touch or 60 Second options. But traders who rely mainly on historical data and multi-directional charts to make investment decisions will not get any help from TDOptions. They however bring life Financial News that can keep an investor posted on all market developments.
Learning & Support
They do not provide any demo account, instead a newbie can benefit from their Demo Video only. This visual presentation can explain an investor how top open account with them and how to trade binary options using their web-based platform. There is a glossary of terms explaining all terminologies and technical jargons related to binary options. Their FAQ section is comprehensive and has been split in several sections to help understand every aspect of trading with TDOptions and thus recommended for the new traders. TDOptions claims to offer 24-hour live chat support on their website but their chat support seems not working. Every time you will try to access their chat support, you will get the message that your account is not active. On the other hand, you will be able to log in to your account. Even your e-mails to their support team will bounce back to you. They invite traders to call on their satellite offices for assistance and clearing all doubts, but don’t give any number where one could make a call. In such a scenario, it is difficult to understand how one would get in touch with them if there would be any difficulty. This raises fingers towards their reliability as well, keeping the fact in mind that TDOptions is not a regulated entity. Moreover, there is no sign since how long they are in this business.
Conclusion
Thus for a beginner, TDOptions cannot be said a very good choice, as they do not offer any Demo account and secondly, they do not have any provision for deposit bonuses. A newbie can learn more about the platform through their Demo Video only. Moreover, their reliability could be a serious issue for many experienced investors as well. It may force anyone to think about why they do not have any phone number on the website. Neither e-mail nor chat is working. In such conditions, how and where an investor would contact them, if he finds anything wrong with the platform. Surely, traders will prefer Options Brokers who give them a better means of accessibility and communication. And, there are several of them available today.