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TitanTrade Overview

TitanTrade
TitanTrade
Bonus: up to $100%
Options Profability : 70-85%
Rating: 8.4 / 10

Basics

Broker Name: TitanTrade
Platform: SpotOption
Founded: 2013
Bonus: up to $100%
Return/Refund: 70-85%/0-5%
US Traders Accepted: Yes
More TitanTrade Basic Information

Features

No. Of Assests : 63
Regulated : No
Demo Account : Yes
Deposit Options : C.C., Wire Transfer, more
Language : English and Russian
Minimum Deposit : 250

Screenshots

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Review Last Updated 2014-08-27 13:34:04

Editor’s Note – Why TitanTrade DOESN’T Suck in 50 Words? 

Right from the start, I could see I am dealing with a brokerage which offers a polished product. Unlike several other companies, Titan Trade presents us with a professional looking website, without missing or broken links and enough information about all aspects of trading and banking. Assuming you never heard about Binary Options, TitanTrade is a good place to start in regards of functionality and available information.

 

 

Why does Titan Trade Suck in 50 Words?

Unfortunately the minimum deposit at Titan Trade is between $250-$500 (depends on region and your negotiating skills) which is above the average of the industry. The high first deposit amount is not a deal-breaker, but makes me believe this brokerage is more suited for experienced traders who know what they are doing and are willing to invest a fair amount. The Broker is also no regulated, and doesn’t seem to have such intentions.

 

 

Titan Trade Full Review – The Next Best Thing (for the Rich Folks)?

The always popular SpotOption platform is the “weapon of choice” for Titan Trade; of course, there’s no need to download or install any software as everything is 100% web based and on top of that, SpotOption is a platform known for its ease of use, intuitive interface and almost flawless functionality. Choosing the most well known platform in the industry allows a lot of traders to start trading right away, without having to learn all the features of a new platform and also creates a trading environment with [hopefully] no software problems.

 

The website is well organized and has the right amount of marketing material, without being too intrusive or annoying. All the information is easy to access and during my time spent on titantrade.com I didn’t have any big issues when trying to find answers to my questions. It is true that similar material is found on other websites as well, but after all, trading is an exact “science” (the basics at least) and it’s normal to see similarities between different people trying to explain the same thing. Overall I think they did a good job in the educational department (compared with others), offering a lot of videos, tutorials and even quizzes on the most important aspects of trading. There’s also an e-book which can be downloaded for free from their “Academy” section; you won’t find any ground-breaking stuff in there, but the general idea of Binary Options trading is explained well enough. Unfortunately, their “Trading Strategies” section needs a lot of improvement and creates some confusion; I can only hope their Account Managers don’t use the strategies depicted there to trade your money or to give you trading tips.

 

Titan Trade offers 5 types of accounts, with minimum investment ranging from $250 to $10,000+ (for the VIP account). Of course, there are added benefits for a larger deposit but some of them are not really justified. For example, the Platinum Account ($5,000 – $10,000) comes with “additional education on RSI and Moving Average”. Well, this information is available for free on our website and I don’t believe anyone should use it to convince traders to deposit thousands of bucks. But don’t let my bickering put you off. Although there are some things that can be improved, Titan Trade seems to be a professional and reliable broker, but only time will tell if they can become a titan of this industry.

 

 

Is Titan Trade a Scam?

This broker has been in business for quite sometimes now, not to mention it is also featured on the BOTS  list for over a couple months now. We know for sure they are normal transparent, making their owning company and physical address easily available on their website: Titan Capital Limited, Trident Chambers, Victoria Mahe Seychelles. To me, one of the first signs of a scam is the lack of an address and name but so far, Titan Trade doesn’t fall into that category. TitanTrade are not regulated, however just because the broker is not regulated, it doesn’t mean it’s a scam! Other worrying facts like the growing number of complaints do affect our overall scoring. We always need to be more cautions when dealing with a non regulated broker. Make periodically withdrawals, check your balance and expired trades, contact your support every once in a while, and most importantly – keep us updated! Still Available for US based traders.

 

Check out more Recommended Binary Options Brokers

 

Titan Trade Complaints

As always, our team is doing the job for you. We search the web for any complaints, comments, feedback from clients, summarize them and try to bring the truth behind them. When it comes to TitanTrade, we couldn’t locate much complaints surfaced regarding Titan Trade’s services. We have some complaints right here on BOTS,  most of those complaints are accusing support for being unreachable. We are worried about the growing number of complaints, and that definitely affects TitanTrade Overall score. Our team will keep monitoring and will update this review if any major complaints emerge.

 

Titan Trade Bonus

The Bonus percentage depends on the type of account you open and can go as high as 75% of the initial deposit for the VIP account. In order to withdraw the Bonus, the client “must first complete a turnover of deposit amount x30” according to their terms and conditions.

 

Titan Trade Withdrawal

Before making any withdrawals, the client has to provide Titan Trade with the required identification documents. Once this one-time process is completed, withdrawals can be made via credit/debit cards and wire transfer. Once a withdrawal request is processed, it takes about 5 working days until the money reaches your account. Minimum withdrawal amount for credit card is 100 “in your currency”. To be honest I don’t really understand this way of explaining things and I am not sure if my currency means my country’s currency or my account currency. Also, they state on the website that “There is no fee for a credit/debit card withdrawal.” But in their Terms and Conditions they clearly say “The Company charges a fee for transfers of funds standing to the credit of a Trading Account from the Company to the Client, currently equivalent to USD 30 per transfer.” This is a typical broker behavior.

 

Titan Trade Extras

As an extra feature I can mention Pairs trading which becomes more and more popular these days. Although the pairs offered are not many, this type of trading brings a new dimension to binary options.

  • Lots of Option Types!
  • US availability

 

 

TitanTrade Ratings

User Friendly 17/20

The platform used is one of the best available, being both intuitive and efficient. The website is well structured and polished but unfortunately it is available only in English and Russian and this makes it totally unfriendly for a client who doesn’t understand the language. Spot 2.0 is a great platform.

 

Number of assets and expiry times 18/20

Their trading basket includes 20 currency pairs, 8 commodities, 11 indices, 28 stocks and 4 Pairs. Note that not all assets are available for One Touch Trading, 60 seconds trading or Long Term trades. Expiry times range from 60 seconds to 15 minutes to end of trading day and Long Term options can be even set for the end of the year.

 

Commissions, Support and Effective return 17/20

There are no fees related to account opening but a 30 USD fee will be charged for transfers of money from the company to the client. Unfortunately, when I tried to contact live chat support, all I got was an option to send them an e-mail, but their effective return can go as high as 100%, which is very very good compared to the industry average.

 

Deposit, Payment and Bonus 16/20

The minimum deposit is 250-500 which we consider to be medium high for the industry. Credit/debit cards and wire transfers can be used to deposit funds with Titan Trade and the same method will be used for withdrawals (minimum withdrawal is 100 or the entire account balance if it is less than 100) which can take up to 5 working days before being available in your account. The bonus is 20% for the first account available and 75% for the VIP account; the turnover needed to withdraw the bonus is deposit x30.  

 

Website Extras 16/20

Pair trading is an innovative new way to trade binary options and we consider it a positive extra feature. There are quite many interesting option types! Very long list of available trading methods and copy trading (spot 2.0). Good School Academy, Builder, Touch Options. US availability is always an extra.

 

 

Titan Trade Overall Ratings = 84/100

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28 Responses to “TitanTrade”

  1. nicusor says:

    i am affiliate
    i can’t contact affiliate manager , not respond at my emails
    i not have any data in order to contact titantrade affiliate

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    • mark says:

      man same here, need info, no response for withdraws is been 9 days since i ask for it, no response from the emails, telephones, or chat??? please need help this guys just called once, when i deposit they disappear

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  2. J. Duval says:

    On their FAQ page their say they do not offer demo accounts. How did you get the information that they offer them?

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    • Martin says:

      Their Demo is case based. You should first deposit and than ask for demo. this is not a free demo so be sure you want to invest before you do so!!!

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  3. pete says:

    How can you say that Titan is a trusted broker when you have not verified that they pay out withdrawal requests without problems??

    For you to say that a BO broker is trusted you have to verify that the broker pays out withdrawals! There are too many brokers out there that are great platforms but they screw you when you try to get your money out.

    So, my “two cents” is that you need to do more homework.

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    • Jennifer says:

      Screw Titan Trade. I’ve been trying to Withdrawal my money for A MONTH. I’ve sent in my documents. and now I can’t withdrawal until I talk to my account manager on the phone. Which is just stupid, and I don’t want to because he’s going to try to talk me into the “opportunities” they provide. Way too much to withdrawal.

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      • Jennifer says:

        Hi, please delete the comment above. They got everything worked out. Thank you.

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      • Karim says:

        Jenifer I agree 100% with you….I am walking in the same shoes….

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  4. rafik says:

    Pete you need to do your homework not them.its obvious that titantrade pays the website for its publicity and does not reflect the reality as you mentionned correctly they are a new broker and no withdrawal tests have been made.so the review on their website is purely fake

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    • Martin says:

      Don’t offend me. If you don’t want to believe this review – don’t. If you have another opinion about this company – leave it here. If you have any complaints – write them up. If you disagree with the facts presented about – you can disagree. don’t call me fake. I never denied any critique whatsoever, never will. The truth is a sum of a few other truths, let’s find it together. I know the team and I made every possible research to ensure this broker. They’re not regulated, it’s a downside, but I don’t think any reviews website, any, not even the most reputable Forex reviews websites, tried depositing into every single broker just to check withdrawal. We do out best, the best, the ensure we provide the most honest reviews.

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  5. k mate says:

    TitanTrade is a strong brand. I have been trading with them for not very long time, but as for now I had one withdrawal and fair number of trades. Everything looks smooth and normal. I will continue to trade with them in the future, because their platform is really great.

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  6. Tatiana says:

    Hello,
    My dad is in the same situation, and there is no way to communicate with anybody. do you have your money back yet? Any info will help!.
    Thank you

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  7. Terry says:

    Just went to their site to check out their trading platform. The site started out in English, but when I clicked on the Trading Platform menu, most of the page turned into some foreign language … maybe Dutch or German. Made it impossible to find my way around, after that!

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  8. rod says:

    I deposited with titan trade, but didn’t do well, so decided to withdraw and give binaries a rest for the moment (looking at some strategies that look like they might work well) First time i tried to withdraw they talked me into staying – lost more money – put in withdrawal 10 days ago. Broker rang me last night to say i hadn’t been trading – what the…??? … yeah, i had put a withdrawal in!!

    Will see how long it takes to get my 478 dollars back. Or – going by what others are saying here – IF i get my money back

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  9. Gavin Mandri says:

    Screw Titan Trade. I’ve been trying to Withdrawal my money for A MONTH. I’ve sent in my documents. and now I can’t withdrawal until I talk to my account manager on the phone. Which is just stupid, and I don’t want to because he’s going to try to talk me into the “opportunities” they provide. and i was promised that i would double my bank and they put me in 6 trades all 4 lost and i cant withdraw my money anymore ?/
    Rate it-0/10

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  10. General says:

    I funded my account with 500usd from the deposit tab in my account with titan trade. The amount has been deducted from my card but has not been reflected on my account. I have tried to contact them with no success.

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  11. Marcel says:

    Has anyone experienced success with Titan? How long was the process to withdraw your funds from your Titan account?

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  12. Daniel says:

    I started with this company two months ago were everything seemed legit, were a broker agent lady named Rachael sent signals everyday and we communicated almost 3 times a week with a lot of helpful tips and everything pretty.. Well..guess what? NOT ANYMORE, I’ve been trying to get a hold of them, so far no success, they don’t answer my emails, the “24/7″ chat doesn’t have any personnel, and the worst of everything is after I sent all of my documents and asked for a withdrawal, all of a sudden my bank called me due to illegal transactions that were made with my debit card at random websites I didn’t even had a clue about, which is a technique some scammers would use to cancel the method of payment, and with that been said there’s no way you’d be able to get your money back until you talk to them. Coincidence? I don’t think so, avoid at all cost these people. To some people If you want to be part of this, my suggestion is do better research and if it’s possible find a company with some regulation at least (in my opinion)

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    • Daniel says:

      They started contacting me again, although is a different account manager, let’s see what happens now..

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      • Daniel says:

        Same guy here, just finally received the withdrawal I requested almost 2 weeks ago.. Apparently the compliance department was verifying all of the paperwork and documents I sent the first two weeks when I started, so definitely feeling better now.. but considering the lack of communication, specially the live chat on their website (it’s almost a joke) I’m gonna keep reviewing all actions and steps taken by this company. So for now if you are already trading with Titantrade keep doing it, and for the starters or people looking for this business opportunity I would encourage them to start with a low investment ($300 – $600) or something you can afford. And of course all of these companies will always offer some kind of bonus which is not bad if you’re a long term investor, just take under consideration that if you don’t reach a turn-over they will basically deduct the bonus from your total balance before approving a withdrawal. As for now, that’s all folks. Happy trading!

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      • mark says:

        i dont have that luck, waiting and waiting for a response

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      • Daniel says:

        Again, submitting a review, after the first account manager I was disappointed, now I’m actually very irritaded, that second person they assigned she doesn’t even know how to trade, she made me a loss of a $1000.00, and today just at the moment when finalizing my trades on the commodity silver the results were totally wrong compared to the charts of investing.com. I’m withdrawing all my money, this is just another stupid binary options ripoff.

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  13. John Brucato says:

    Joined Titantrade and funded my account but right from the start I was disappointed with customer service. I had a question so I tried live chat but that was all morning. All it kept saying was all operators are busy please wait. That was all morning so I decided to call their worldwide phone number it just kept ring nobody answered the I tried calling their UK phone number same thing. Then I sent an email it was never answered. At this point I don’t know what to expect.

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  14. DuncanW says:

    Once they have your money, they have it. They do not return calls, emails or live chat request.

    They have cancels trades leaving me vulnerable to exposure. Their reporting sucks ..

    Try doing a chargeback with your credit card company to get your money back

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    • Jason says:

      Have you been successful in your credit card chargeback filing? Please let me know as I am under the same situation with TitanTrade.
      Thank you.

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    • Jason says:

      Duncan,
      Have you been successful in your credit card chargeback filing? Please let me know as I am under the same situation with TitanTrade.
      Thank you.

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  15. gwen says:

    THIS WEBSITE IS A TOTAL SCAM. WHEN I ASKED THEM TO CLOSE MY ACCOUNT THEY JUST LOCKED ME OUT OF MY ACCOUNT AND IGNORED MY PHONE CALLS..I AM PRETTY SURE I AM OUT $2500. THESE FAKE REVIEWS NEED TO STOP.

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