TNT Options Review
TNT Options is a binary options broker headquartered in Bucharest, Romania with an office in London, UK. Options can be traded in commodities, indices, stocks, currency pairs or any other financial asset that constitutes the basis for creating an option.
TNT Options has no official regulation and it provides financial services or products in the UK without the authorization of the FCA.
TNT Options offers four different trading accounts with varying deposit requirements and different benefits. The Silver account has a minimum deposit requirement of $500 which is what is needed in order for traders to receive the benefits that accompany this account.
The Gold account starts with $6,000 and a $2500 balance is required for benefits to begin. $15,000 is needed to open the Platinum account which has an $8,000 balance requirement for benefits. And a deposit of a hefty $30,000 will open the VIP account which requires a balance of at least $18,000 for benefits.
Benefits in all these accounts include a certain percentage of insurance on losses, monthly cash backs and risk-free trades. Traders can choose to receive either a “Monthly Cash Back” or “Insurance on Losses”, whichever has the greater value.
Leverage is not offered and there is no minimum lot requirement.
There was no mention of a demo account but an Islamic account is available for those adhering to Sharia laws which do not allow fees such as Riba or interest on extended or overnight trades.
TNT Options Account Types
Most of the information on the TNT Options website can be found in the FAQ section only which is somewhat disconcerting as I expected at least some features to be displayed on the one of the main pages of the site.
The maximum investment amount varies with respect to the binary option type. At Binary, Longterm and Pairs, the maximum investment amount is €/$ 1,500, for 60 Seconds and Ladder, the investment amount can reach $250 and at One Touch Options traders can invest up to $500 per position.
When it comes to the types of binary options available, TNT Options offers the usual Call/Put, Rollover, 60 Seconds, Touch, No Touch, Ladder and Pairs.
The Trader Option feature on the platform chart allows traders to see how other traders are trading so they can choose to follow the trend or go against it.
And by using the broker’s Option Builder, a trader can be in full control of his/her trade by choosing his/her own profit and risk level.
TNT Options provides traders with a choice of educational material. Most of the course tutorials and videos are available to registered account holders only. This is true of both eBooks posted online by the broker. The more advanced eBook is a 3D interactive model.
TNT Options Educational Videos
There is also a platform tutorial which details the platform offered by the broker and this too is only open to members.
A market analysis is provided daily although on the day I made the review, there was nothing posted. The economic calendar is kept up-to-date with economic events scheduled to take place around the world and a full financial glossary is also available.
Deposits and withdrawals into a trader’s account can be made via credit card or Bank wire transfer. The minimum deposit amount is $250 depending on the currency of choice and the maximum deposit amount per single transaction varies according to the method chosen. For credit card it’s 5,000 USD, for wire, unlimited and for Western Union, 10,000 USD is required.
There is no minimum withdrawal amount.
The only promotion offered by TNT Options when doing this review was the Refer-a-Friend program. Unfortunately, the bonus page showed only the three ways to refer a friend but there was no mention of the amount of money awarded to either the referrer or the referred.
Chat is available 24/5 and a company representative is available by phone at either of the two main locations 24/7.
There are three separate URLs-in English, Italian and Arabic.
TNT Options offers the basic minimum needed by a binary option trader. There is a choice of account types but no demo account. Although there is scant information on the platform used to trade, the list of different options is certainly adequate.
There have been some negative reports on trades made through TNT Options but the company seems to be handling these well.
- Choice of Trading Accounts
- Islamic Account
- No Demo Account
- Little Information on Trading Platform
Review info: TNT Options
Review Date: 2015-09-24
Rating : 1.5
Reviewed By : Sara Patterson