As one of the newer entrants to the marketplace, TR Binary Options (formally TradeRush) has established itself as premium broker. It now claims to be one of the fastest growing brokers on the Internet.
It offers a fresh and innovative approach to trading providing a large variety of assets and contract types for trading.
A clean and easy to navigate interface is provided via the SpotOption trading platform. This is backed up by good levels of support for clients throughout the trading week.
Find out more now by reading our TR Binary Options review below to find out if it is the best binary options broker around.
Telephone: UK (Toll Free) 0808 189 1458, US (Toll Free) 1800 986 6318, + International
Trading Platform: SpotOption
Deposit Requirement: 200 USD (or equivalent)
Minimum Trade Size: $25 ($10 on 60 Second Options)
Profitability/ Rebate: 65-81% / 0-10%
Account Handling Currencies: USD, EUR, GBP. JPY, CAD, AUD
Deposit Options: Credit/Debit Card, Bank Wire, Skrill (Moneybookers)
Accepts US Traders: No
A large range of assets are available to trade with TR Binary Options covering the major indices, currency pairs and also a selection of major international stocks.
Of particular note is the selection of commodities on offer. Trading on these markets has rapidly grown in popularity in recent years and you will be well catered for here. As well as the usual gold, silver and oil, you will also be able to trade many ‘soft’ commodities including Cotton, Wheat, Sugar, Corn and Coffee.
Payouts are at the upper level that you will find. Up to 81% return is available for many contracts. In addition to the standard trading contracts ‘Double Up’ and ‘Rollover’ features are also available.
The ‘double up’ lets you double your exposure on an existing option over a new expiry time. The ‘Rollover’ however allows you to postpone the expiry time. This is useful if the market temporily moves against you. You can extend the contract and wait for it to turn hence getting a second chance to close ‘in the money’.
Rebates are available for some options that finish ‘out of the money’. Credit backs vary on the contract but will be between 0-10% of the stake, depending on the option that was purchased.
A wide range of trading platforms based on the SpotOption dealing platform are available for trading including Option Builder and Option Pro.
A useful selection of educational resources are also offered. In addition to an eBook, probably the most useful of these are a series of trading videos. These cover the use of the trading platforms themselves and also both basic and advanced trading techniques.
Options Types Offered
- High/ Low – The Higher/ Lower (Call/Put) is the most popular contract, with a huge number of asset classes on offer.
- One Touch – A range of One Touch contracts are available which can be placed with an end of week expiry.
- Option Builder -A very nice feature where you can build your own option by setting your own expiry time and strike rates.
- 60 Second Options – You can make up almost 175% return from these very short term 60 second trades. These are particularly attractive as you will only need to be 1 tick in the money at expiry in order to bank yourself these high returns.
TR Binary Options Mobile App
Clients can keep track of and deal on their accounts by making use of supplied the mobile trading applications. These allow you to monitor your account of conduct your trading while on the move.
Each application allows direct management of your account and provides the ability to open new and manage your positions directly from your mobile device.
The apps can be freely downloaded from the iPhone and Google Play web stores so you get the chance to try them out to see how they perform.
Five different account types are offered which are accessible dependent upon the amount deposited. Probably the most suitable for the majority of traders is the mini account. This requires a $200 deposit. The highest level of account is the Platinum account. This requires a rather higher deposit level of 10,000 and hence will suit the more advanced trader .
Each account level offers different account features and bonuses. Higher level accounts receive risk free trades, bigger deposit bonuses and same day funds withdrawals. So first of all before opening an account you need to decide on the features that you are going to need.
Trading accounts with TR Binary Options can be held in a range of currencies. These are USD, EUR, GBP. JPY, CAD and finally AUD.
The TR Binary Options minimum deposit amount is just 200 units of the currency that you want to trade in. So 200 USD, 200 GBP, 200 Euro etc.
As with most brokers these days they accept a wide range of different funding options so it is easy to funds into your account. Supported methods include Credit/Debit Cards (Visa, Mastercard and Maestro, Amex, Diners), Bank Wire transfer and CashU.
Like the deposit process, the TR Binary Options withdrawal process is simple. Money from any request is initially deposited back to the original source that you deposited from.
Subsequent requests are completed by Bank Wire. Your first withdrawal each month is free with additional requests being charged a $25 processing fee.
The minimum amount per withdrawal is 200 units in your account holding policy. For withdrawals made by wire transfer the minimum is $500 (or equivalent).
Support is excellent and provided by either email, online chat or phone. Whichever method you use you will generally find it to be quick and responsive.
26 international support numbers are provided depending upon where you are located. A particularly nice feature is the provision of toll free phone numbers for traders calling from the US, UK or Canada.
TR Binary Options offer a wide range of promotions for new traders, the most noteworthy of these being the first deposit bonus. Traders can earn a 100% deposit match bonus on first time deposits. This is capped at $20,000.
In addition those opening high value accounts additional bonuses are available in the form of risk free trades. The higher the level of the deposit the more freebies and bonuses become available.
FTSE, DAX, Dow Jones, NASDAQ, ISE 30, MICEX 10, MSM 30, TADWUL, EGX 30, QATAR, DUBAI, KUWAIT, BOMBAY SE, HANGSENG, SSE 18, NASDAQ Future, S&P Future, STRAITS TIMES, KL Future, ASX
EUR/ USD, USD/JPY, USD/CHF, GBP/USD, USD/CAD, EUR/GBP, USD/TRY, USD/BRL, USD/RUB, USD/EGP, USD/SGD, USD/ZAR
Coffee, Cotton, Gold, Oil, Platinum, Silver, Sugar, Wheat
3M, AIG, Allianz, Amazon, ANZ Bank, Apple, Axis Bank, BAE Systems, Banco Santander, Barclays, Blackberry, BIDU, BMW, BNP Paribas, Boeing, Boeing, BP, British Telecom, Caterpillar, Coca Cola, Daimler AG, Danone SA, Dell, Disney, Deutsche Telecom, Ebay, Exxon Mobile, Facebook, Fiat, F5 Networks, Gazprom, General Motors, Goldman Sachs, Google, Groupon, JP Morgan Chase, Linkedin, Louis Vuitton, Luckoil, Microsoft, Nike, Paris Telecom, Pfizzer, Renault, Rio T, SAB Millar, Salesforce.com, Sears Holding, Siemens AG, Starbucks, Tata Steel, Telefonica, Tesco, Total, Twitter, Unilever, Vivendi DA, Vodafone, Volvo, Wynn Resorts
TR Binary Options Verdict
- A good range of contracts (Above/Below and One Touch) in particular fast 60 second options
- Good payouts of up to 81% (175% for 60 second options)
- Solid trading platform in addition to a dedicated Mobile App
- Support is only offered in English at present which may prove a barrier for some traders
- The best features are reserved for higher level account holders