More and more people are asking us what we think about a lot of new binary options brokers that are popping everyday, and there were numerous enquiries about TitanTrade lately. For the moment we try to flag the fraudulent brokers that we identify in order to help you avoid binary options broker scams. We only recommend few brokers and we intend to continue like this. We believe that our selection of brokers covers all the comparative advantages that traders are likely to search for their broker. We don’t see the point in reviewing all the brokers of the market (of which most are scams) and prefer to focus on our recommended brokers that we believe are the bests on the market.
TitanTrade is not regulated
First of all, TitanTrade is not regulated. Indeed, the broker never received nor even applied for a CIF trading license delivered by the CySEC (the Cyprus Securities and Exchanges Commission ). As such, the broker is not authorized in any European countries by the relevant financial regulators. It means that the broker doesn’t have to comply with the standard rules enforced by regulators to ensure the security and safety of the client’s funds. As a non-regulated broker, your deposited cash is not eligible for the European guarantee fund. Even worst, the broker has been included in the binary options brokers blacklist released quarterly by the AMF (the French financial regulator).
TitanTrade suffers a lot of complaints regarding withdrawals
What worries us the most is the number of complaints you can find online regarding binary options deposit withdrawal problems linked to TitanTrade. The broker is not regulated and is headquartered in a tax haven. The only valid address of the broker mentioned on its website is Global Gateway 8, Providence, Mahe, Seychelles. Whatever UK phone number provided on their website for client support might just be redirected to wherever the broker is established (the phone says London, the address says Seychelles, the website IP says Denmark…).
The broker recently partnered with Alpha Fund Software, a binary options trading robot that was reported by many specialized website as a scam that was fishing victims through mail marketing. The Alpha Fund Software is just another brand for the TintanTrade trading robot called autobot. The trading software is claiming top make as much as $32 per minute!! That is $1920 per hour or $46,080 per full 24 hours. There exist no such risk-free performances in trading and you should never let greed guides you and let you get tricked by fairy tales. Even though its website and platform looks fancy, TitanTrade is just a white label binary options broker that uses the SpotOption technology. The quality and design of a platform are not the key criteria to choose your binary options brokers. The platform can be the best in the world, if you cannot withdraw your profits, there is just no point in depositing with a broker.
YOU SHOULD REALLY AVOID TITANTRADE
Also we cannot find true evidence that TitanTrade is a binary options scam, the absence of any regulation, the amounts of complaints regarding withdrawals, the disproportionate minimum deposit amount of $500 and the lack of clarity regarding the company’s structure motivate us to recommend you to stay away from TitanTrade that does not look like a reliable broker.
With a growing visibility in the UK, our website is getting more and more attention from binary options brokers. We receive countless propositions from non-regulated brokers that want to be included in our ranking of the best binary options brokers. These scams are willing to pay high premiums to get a recommendation from a trusted website. We always refuse this kind of partnerships and we vow to denounce and condemn these brokers rather than promoting them.
We only recommend the best regulated binary options brokers – regulated by the Cysec and authorized by the most important European financial regulators (FCA, AMF, BaFin…). Within these regulated brokers, we try to identify the ones that present a comparative advantage in the industry (biggest portfolio of binary option assets, best technical analysis tools, lowest minimum deposit, best binary options bonus…). Don’t hesitate to have a look at our detailed reviews of, 24option, AnyOption and TopOption for further information. We can only recommend you to use our secure links to access these brokers’ websites. This would secure safe withdrawals and our full support if you face any problem.