Is TitanTrade a Scam?

TitanTrade promises secure trading and offers generous bonuses to new clients. But is this broker legit or is TitanTrade a Scam?

We have made a research of TitanTrade and found out that they do not rate highly and there is no significant data about them. As an alternative we have selected our Top Safe Binary Brokers along with detailed reviews for safe and secure trading.

Since we haven’t gathered enough information yet, we cannot confirm that TitanTrade is safe. You can Proceed to Safety OR Choose one of the Is-Scam approved and safe Binary Options Brokers:

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TitanTrade Review

TitanTrade started working in the year 2010. Their areas of expertise are finance field and market, and they have established themselves in binary options trade as well. Titan Trade offer quick as well as long term investment plans to the customers. “SpotOption“is used as platform for trading which is fully web oriented and does not involve software installed on the user PC. TitanTrade also vows to educate like many other broker exclusively.

They offer five conventional types of accounts with minimum initial balance requirement of $250. Everything about TitanTrade is perfect apparently. There seems a unwanted liberty of investment according to their own will at any time from user’s accounts, which, a user would not like certainly.

TitanTrade Scam

Titan Trade provides their address of Seychelles but there is no registration or license number provided by them. It gives a discouraging impression when we come to know ever increasing number of complaints. On the other hand a non registered company is more affected by these negative scoring indicators. ”Their Auto bots” are responsible for most of the complaints along with sudden disappearance of their website.

User feel scammed when he often feels unable to login in their accounts. Difficulty in withdrawal is a technical issue that can be improved. Inability to withdraw money is the real concern of traders working with TitanTrade.

TitanTrade Withdrawal

It is mandatory to provide identification documents like scanned ID or passport, utility bills and visa/ATM/Debit/Master cards for the first withdrawal.  Amount can be withdrawn by using debit/credit cards and “wire transfer” if minimum amount of 100 is present in selected country. Transfer of money for account for account opening is not practiced by most of other brokers unlike Titan Trade. Contradictory to their slogan of no charges on withdrawal, their terms and condition section clearly mentions that user has to bear USD30 for each transaction made. This kind of thing makes new trader reluctant towards a broker and existing traders are rightly found complaining against this contradiction.

TitanTrade App

TitanTrade comes with many exciting perks for traders. Various applications help user understanding market, market analysis, predictability and report. New customers to experienced levels can download from TitanTrade official website as well as from google play store on Android smart phone as well. Smart kit app indicates updated trade trends every hour.

Trading app is designed for Android phones for the convenience of traders who can trade now while traveling or staying away from computers. Trading app is not suitable to any other operating system. These apps help traders in trade though with few complaints of login problems or connectivity.

TitanTrade Minimum Deposit

Minimum deposit required by TitanTrade is $250 but if a trader wants to deposit funds through wire transfer, at least $500 are required to complete the transaction. Micro/test accounts thus need $500 minimum initial deposit.

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For classic account $1000, for Premium account $2500, for platinum account $5000 and for VIP trading account $10,000 are required minimum. This makes TitanTrade brokers operating with relatively high initial deposits making brokerage a little expensive compared to other brokers trading in binary option market. Despite of all the perks provided, new users may find themselves hesitant to risk such higher amounts when starting trade for the first time.

Traders Comments

Click on the thumbnail below to see traders’ comments..

titantradetitantrade comment

Conclusion

Stamp_new_11_150x150pxAfter detailed investigation our team concluded that there are better choices than TitanTrade. We cannot confirm that this binary options broker is a scam, but our research revealed enough traders’ complaints to not make us feel safe trading with TitanTrade.

We recommend you to Proceed to Safety and avoid scams by choosing High-Rated and Trusted Brokers on Is-Scam.com.

Or Select Another Broker From Our List




4 Responses to “Is TitanTrade a Scam?”

  1. why no demo account??? how can they expect me to trust them if i have not tried their services? and why 30 bucks per withdrawal transaction. they are my profits.

  2. They offered me a ‘Bonus’
    No, to make a withdrawal of any amount, I must trade $600,000US to get anything back.

    What a scam

    • Ben Sawicki July 29, 2016 at 7:51 am

      Wayne, usually when you accept a bonus there are special terms and conditions you agree with. One of them is the turn amount of the bonus in order to proceed a withdrawal.

  3. I was tricked into loosing…The brokers give incorrect trades and withdraw funds without our approval.Please don’t trade with them..

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