TitanTrade Overview

TitanTrade
  • TitanTrade
  • Bonus: up to $100%
  • Options Profability : 70-85%
  • Rating: 7.3 / 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 2014-11-19 08:32:33

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.

 

 Check out more Recommended Binary Options Brokers

 

Why does Titan Trade Suck in 50 Words?

Unfortunately the minimum deposit at Titan Trade is $500 (depends on region and your negotiating skills) which is above the average of the industry. The number of complaints recieved against TitanTrade is a bad sign you might not want to deposit this big sum at first time. The Broker is also no regulated, and doesn’t seem to have such intentions.

 

 

Titan Trade Full Review – Might Not be the Next Best Thing

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. 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. Other very worrying facts like the growing number of complaints do affect our overall scoring. As time goes by, the number of complaints picks. 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 quite a few 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 16/20

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. Expiry sometimes sucks.

 

Commissions, Support and Effective return 15/20

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 15/20

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 10/20

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 = 73/100

Check out more Recommended Binary Options Brokers

 

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50 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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      • Bas Clieff says:

        in error I deposited 500 us with titan trade and within 2 hours explained it to them and asked they return it REQUEST NOT REPLIED TO
        CHATS AND EMAILS NOT RETURNED just a runaround now I have faxed their head office and will take the matter to the police
        customer service NON EXSISTANT service to me POOR!!!!!

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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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      • Vishwajeet Pandey says:

        Keep us posted!

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    • Anthony says:

      yes I’ve delt with Rachael as well, I also had charges on my debit card that were unauthorized. These people are difficult to get a hold of, stay away!

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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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  16. Eric says:

    Do not, I repeat, Do not fund with Titantrade! I funded with Titantrade when Michael originally came out with his signal service. They will not payout your profits. I’ve had a pending wire transfer since August 5th for profits. I must of filled out the wire transfer form 4 different times. They don’t ever acknowledge receiving my wire transfer info but just keep emailing me a blank form to fill out again. My account manager Daniel Venter is a complete idiot and a con man. He wanted me to invest money for a trade and I said no, I just want my profits. Now he won’t return my emails or skype messages. I’ve sent him nasty follow up emails. Titantrade support live chat is a joke. Titantrade is a scam!

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  17. Rustam says:

    Hello everybody, recently I was abusing some employees from TitanTrade that they do not send my money from my TitanTrade account. I want to say sorry for everything I was telling, because today I have received my money back from my TitanTrade accout, and want to say you can trust TitanTrade as this Broker always takes care of its clients and pay all the money that was deposited and earned during trading. Sorry TitanTrade one more time for my bad word before, now I can trust you. Have a good trading for everybody with this broker.

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  18. Allen says:

    I deposited $250

    they kept telling me to deposit more.
    i refused and tried to withdraw my deposit,,,
    Now no one is responding!

    my balance is gone!

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  19. John Talbot says:

    Titan Trade has terrible Customer Service. They do not answer the phone listed on their website, and the Fax number is aparantly an invalid fax number. Also, their “Live Chat” feature is not operating. I have been trying for over a week to close my account and have my funds returned, so far with no success. Do not open an account with Titan Trade unless you like to throw your money away.

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  20. campai says:

    I had some issues wits some trades, and I tried to call the broker that was assisting me and I wasn’t able, but the next time he called me and I was angry at him for not answering he told me to contact him via email because he is always on the phone.
    So, I recommend to everyone to use email.

    PS. I made 2 withdrawals. First one was completed in 5 days, second in 4.

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  21. Danny says:

    Rustam…sounds like Titan Trade scared you pretty good by threatening you?

    Not that I don’t believe most of you guys but why have Jennifer and Gavin Mandry copied each others comments? Sounds like maybe a fake complaint from a competitor to Titan Trade?

    And to Daniel! Thanx for keeping it real. To other people making up their mind I have to say that 2 months is far to long for them to verify any sent in paperwork. That was a lame excuse made by them!

    Please keep us all posted!

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  22. Anisiobi says:

    mind you titan trade is the biggest scam on the planet earth, i asked for withdrawal, it took 29days after pressurizing them, and they credited my account immediately after 15mins, they withdrew the money back. they are scammers, BOTS, please contact me for proof and evidence

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  23. idane says:

    Titan trade calls you once after you make a deposit then they’re gone. they’re not a trusted broker at all. They do not respond to anything after they get your money. Their addresses don’t mean nothing really.

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  24. Nani says:

    I am a member. First of all i am really regretting myself joining this option. From the start I felt something funny about this company but since I want to use the Auto bot software that used their option so I just registered.
    1) when i asked someone to call me from the live chat before i make a deposit, no one call as if no one bother..
    2) after making deposit still no one call even after many times asking
    3) when they call they only want me to deposit more money so that i make more profit as if
    4) after i rejected to deposit more i did not hear from them. Nor replying my emails.
    5) i requested for withdrawals but they said i need to send documents for verification which i did.
    6) unfortunately they did not reply email saying i have sent the documents not that they have received my documents.
    7) i asked life chat they said the company has received my documents but need to verify them which take 10 working days.
    8.) until now i did not received any emails from the back office nor my emails are replied by my account manager.
    9) i am still waiting for my withdrawal which has been 2 weeks already.

    How can we say this Option is valid?

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  25. herbert spearman says:

    I have been having the same trouble with titan trade as a lot of other people.They will not respond to my request for withdrawal,email,chat,or support ,and no response on the web site.my advise is stay away.

    herbert

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  26. Arthur says:

    Ditto here on Titan Trade. I made good money on some of their recommendations, but I can’t get any of it. They will not send it to me. It’s now been weeks that I have tried to make a withdrawal and I can’t call any one or get a response to my emails. Their phone numbers are a joke because they never answer.

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  27. Brian says:

    That is the perfect question Pete, and one that I was asking myself. I have been trading binary options for little over a year now and I have ran across a dozen or more reviews on binary options platforms like this one only to find they have not come close to doing their due diligence. YOU binaryoptionsthatsuck.com CAN NOT CALL A BROKER “TRUSTED” if you have not even tried the withdraw process. That is the number one issue with UN-regulated scam broker. You should read some of the comments on your own page. That alone will tell you that Titan Trade IS NOT a “TRUSTED” broker.

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  28. tanya says:

    titan must be a scam. no replies from emails-hours waiting on live chat,and when you get through-they evade my question-which is why after a month i haven;t got my withdrawal-i get told keep your phone line open you will be getting a call in about 5 mins.No call till next day from broker who assures me I will get my withdrawal.Well i haven;t,and I will have to take it to the fraud people.I;m on disability pension,behind now in bills and mortgage and having to eat at a mission

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  29. Fred says:

    Not a good company, keep changing account manager, if you try to contact someone to have information none answer. In addition you have to put amin of 250$ to open an account and if you decide to put some more meoney the min is always 250$, with just 100$ is not possible. They want just steal your money that’s it. DO NOT TRUST!!

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  30. rodney says:

    i’ve been trying to get a refund from Titan Trade for two months. At first there was a problem with my complaince papers because i had funded my account twice – i needed to fill out two separate forms. They didn’t tell me this. Only when i asked when my money would be refunded did i get an e-mail back. That took a month.

    Now, that my compliance forms have been approved, i’m STILL waiting. One month later. E-mails get no reply.
    New account maanger. i told him that i wanted to try Mike’s Manual trading signals using the money in my account at Titan Trade. Simple. Still nothing. Get e-mails telling me about NFP soon…
    Going to e-mail the account manager and ask him to find out when my money will be refunded. Have little, or no, hope of hearing anything.

    So, from now on, i’m am never going to trade unless its a regulated broker. Got a phone call from some broker asking questions. Told them i only deal with regulated brokers and never heard back. Good!…lol

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  31. Alexander says:

    I registered with Titantrade to be able to get mike’s manual signals as the autotrader webpage said my country was blocked. i registered with ease but my problems began when i wanted to deposit funds. i was getting this message with every link i clicked:” session expired”. thankfully an account officer called Richard Kovak called me and assisted in getting my account funded. i had to give him my card details over the phone which i was not happy with. Moments later he informed me my account was funded. To verify the funding of the account he had to reset my password twice before i could login to view my account balance. I submitted my identity verification documents immediately after payment, they were accepted and verified. Richard advised me to switch browsers to incognito mode, clear cookies and all, that all would be well with my account. Richard said it had to do with my browser or computer. Well, i tried trading mike’s signals on their website and was not satisfied, once i switched tabs to view freestockcharts or investing.com, (they were loading, up and running without hitches) the message appeared again: session expired. i had to re-enter my password and username each time to obtain access to my account. It is to be noted that other brokers websites where i opened demo accounts had no such issues. This disrupted my entire trading session. A times i could not get access back into my account till the day passed. even keeping my account open for some minutes without moving the mouse had the same effect: “session expired”. In my frustration i eventually asked for a withdrawal ( On monday morning 3rd November, 2014) via the account after succeeding to login with the reset password given by Richard. the review above says that withdrawal takes 1-3 business days, but a lady from support at TItanTrade said it may take up to 7 business days to my Mastercard, NOT A BANK WIRE!!! i can make available the email threads for our interactions. No one acknowledged receipt of my withdrawal request apart from Jennifer who instructed me to click on withdrawal via my account. i informed her that I had already done that. i have posted screen shots of my account where it says: “withdrawal request being processed”. No one has yet responded to it, neither have I received any payment alert from my bank. today is 6th November, 2014, no hint is on the horizon of my funds being returned. I am disappointed with their services and hope they correct the impression I have of them soonest. refund of funds is all i ask- without any fees deducted as the review states. this is my first withdrawal.

    thanks,
    Alex

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  32. willie phillips says:

    I cannot get a response either by email or telephone about withdrawing my balance and closing my account. What can I do ?

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  33. Richard says:

    I had 15 unauthorized charges run through on my debit card after I made a deposit to Titantrade. I can’t say for sure that it was them. But their “brokers”, do these people even have licenses, were very aggressive and unprofessional. And they won’t respond to my emails or live chat messages.

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  34. Georgina says:

    All I can say is that you cannot complain about the customer service because there isn’t ANY customer service. You hold on to a call for more than 2 hrs and no one answers your call. NO emails gets answered and withdrawels do NOT get processed. Brokers like Titantrade give the industry a bad name. Its not about the functionality of a broker platform but solely about how the customer gets treated and how quickly withdrawels get processed.Brokers will get lots more customers if they practisce this very basis rule in growing your business!!!!

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