TR Binary Options is shutting down

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TR Binary Options is shutting down

WARNING: This broker has been shut down due to numerous complaints and security issues. We strongly recommend trading with regulated and trusted brokers.

TR Binary Options is Shutting Down

Yes, another broker is about to stop providing trading services to its clients. This time it’s TR Binary Options, a company that has been around for approximately six years, which makes this quite a shock for the trading industry. Not only was this company known as an extremely reliable business partner, but they were also pioneers in many respects, including introduction of the 60-seconds trading mode. Because of all that, we think the fact that TR Binary Options is shutting down deserves an article of its own, so stick around and see if there is any new information we can offer you. Let’s go!

TR Binary Options is shutting down | Not much info

At the moment, we still don’t really know the reasons for this move. No regulatory body has said anything officially, and the broker is also very quiet. Usually, when something like this happens, there is more than just one reason for ceasing all business activities. It may be that some regulation problems caught up with TR, maybe they are not a profitable company anymore (like we often say, 2020 was really tough on some brokers) or simply the owners are not interested in this type of trading anymore. In short, we don’t know yet. The only thing we do know is that TR Binary Options is shutting down and that this decision is confirmed to be final. So, if you’re a client of this broker, what’s the alternative? Where do you turn next? Keep reading and find out!

TR Binary Options is shutting down | Alternative

If you want to continue trading, take a look at our 24option Review because this broker is probably the best substitution for TR Binary Options. Great platform, loads of assets and one of the safest trading environments in the world will make sure you enjoy yourself whenever you trade. As for TR Binary Options, the broker is scheduled to shut down in the first days of March 2020, so if you haven’t done so already, we recommend you wrap up your trades and do everything else that needs to be done. This is already a done deal, the decision has been made, which means there will be no sudden new developments. After six years in the industry, TR Binary Options is shutting down and will not reopen again.

TR Binary Options is shutting down | Conclusion

With that, we have reached the end of this article. The industry has lost a great broker, no doubt about that, because this company at its peak pushed the world of trading to new heights. Unfortunately, we don’t know much about the reasons for this move. In any case, whoever comes after them will have some pretty big shoes to fill. Still, we firmly believe there are many companies that can do it. We mentioned one of them in this very article. Good luck!

7 Binary Options

UPDATE (12.01.2020):

We have found out that TR Binary Options has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

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Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Since its foundation in 2020, TR Binary Options has established a stellar reputation for providing high quality services and competitive returns to its traders. In our review of TR Binary Options, we were initially struck by their sizable payout rate, which at 81% is definitely at the higher end of the scale compared to rival trading brokers.

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Such competitive returns are complimented by TR Binary Options’s extensive asset index. Investors can choose from a myriad of options to trade with, including stocks in the world’s largest corporations such as Google, Twitter and MacDonald’s. An additional advantage noted in reviewing TR Binary Options was the broad selection of unique tools and features offered to investors. 60 Second expiry times and the ability to trade pairs will certainly draw in investors seeking a fast paced and engaging trading experience.

TR Binary Options allows its clients to trade at a level which is most appropriate to them, offering mini, standard, executive, gold and platinum account packages. While the minimum deposit is $200, increased investment is rewarded with generous bonuses and greater access to a variety of features.

Among the many perks to avail of are TR Binary Options’s education resources, which include a wide variety of interactive learning tools, instructional guides and informative video courses. TR Binary Options’s success is well deserved, and we expect to see this platform only go from strength to strength in the coming years.

Basic information:

Online since: 2020
Jurisdiction: Cyprus
Software: SpotOptions
Max Returns: 81%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $5
Maximum Investment: $2,500
Currencies: USD, EUR, GBP, JPY, AUD, RUB, CAD
Mobile: Yes
Countries: All nations excl. USA

– Good deposit bonus
– Excellent variety of options
– Very good returns
– Small minimum investment

Tradorax is shutting down!

Tradorax Is Shutting Down

After almost three years on the market, Tradorax is shutting down. A fairly popular company in the binary options industry, they had a significant number of followers. So what went wrong? Well, that’s what we’ll try to discover in the rest of this article. We did a little bit of research and found out some things that can show you what you need to look for when examining a potential business partner. It’s always interesting to see the flow of events in cases like this, so read on to get a better understanding of why some brokers fail, while others manage to succeed in this business. Let’s go!

Tradorax is shutting down | No license?

First of all, there is still no official reason why Tradorax is shutting down. However, there are some facts that can help us make an educated guess. For example, it seems that the broker decided to accept traders from the United States although they did not possess the necessary license for it. In the long run, such policy will not get you very far, since the regulatory bodies in that country can be pretty strict if they come across a company that is not conducting its business the way it should. If you read why Banc De Binary is shutting down, you will see that the CFTC had a significant role in this big broker’s downfall and it seems very possible that they have dealt with Tradorax, too. But that’s not all, so stay with us.

Tradorax is shutting down | Withdrawal problems?

With all this in mind, you will certainly want to find a broker that conducts its business professionally and can provide you with a safe trading environment. We suggest you read our 24option Review 2020 because this is currently one of the best brokers in the world. But to get back to our main story, many new cases of withdrawal frauds and other types of financial malversations involving Tradorax have surfaced recently, which can also be a reason why Tradorax is shutting down. Therefore, if you have a trading account with them, we recommend you stop trading and try to withdraw your funds immediately. This is not a company worth anyone’s money anymore and you would do well to find an alternative. Our website can help you with that.

Tradorax is shutting down | Conclusion

So, Tradorax is shutting down and that seems to be inevitable. Although an official reason for that move has not been disclosed yet, many things have surfaced that can help us make a very educated guess about what went wrong. Simply, there were too many bad practices in the way the company conducted their business. We honestly recommend that you avoid investing with this company at all costs. There are so many other competent brokers on the market, so you should have no problems finding the one that suits you just fine. A great alternative was already offered in this very article.

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