Up to 100%
|Headquarters||Treppides Tower, 6th Floor Kafkasou 9, Aglantzia P.O.Box 26522 CY2112, Nicosie, Chypre|
|Support Number||0805 10 06 71|
|Support Types||Chat, email, tel|
|Languages||EN, FR, ALL, CH, POR, ESP, IT, AR|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$15000|
|Bonus||Up to 100%|
|Free Demo Account|
|Deposit Methods||Visa, Mastercard, Amex, JCB, Virement, moneybookers, Neteller, CashU|
|Withdrawal Methods||Visa, Mastercard, Amex, JCB, Virement, moneybookers, Neteller, CashU|
|US Traders Allowed|
Managed by a company called Nuntius Brokerage & Investment Services S.A, TopOption is one of the world’s leading binary options trading platforms that is regulated by the Hellenic Capital Market Commission (HCMC). The broker operates under the license #7/481/30.07.2008 (1/46/10.7.1990) and is based at #6 Dragatsaniou Street, 7th Floor, 10559 Athens, Greece. Operational since 2013, TopOption has joined the ranks of one the handful of binary options brokers that can be trusted by traders from all over the world. Hence it goes to explain why despite being operational for just a few short years, they have been rapidly expanding their market share in the highly competitive binary options trading industry.
One of the factors which helps to contribute to TopOption’s popularity among the binary options trading community is the platform that they provide. Although most binary options brokers usually opt for the easy solution by using a white labeled trading platform supplied by a 3rd party provider, TopOption has instead chosen to come up with their own proprietary platform. While the platform may not be as sophisticated as some of the trading platforms we see today, it serves the purpose that it was designed for. Easy to use, the platform also comes with a selection of risk management tools such as “Buy Me Out” and “Roll Over” that enhances the ability of traders to manage their trading risks effectively. In addition, TopOption has also developed a mobile trading app which traders can install onto their mobile devices to give them unimpeded access to the TopOption’s trading platform.
TopOption’s website is designed professionally and traders can easily navigate around the website without any difficulties. In addition, all the functionalities are clearly labeled making it easy to find whatever information that you want.
- Instruments Variety
As for the types of option contracts which can be traded on the TopOption’s platform, you have a choice of 5 different types of contracts consisting of classic Up/Down options, One Touch options, Pro-Option, 60 Seconds options and OptionBuilder.
- Trading Account Choices
There are 3 varieties of trading accounts at TopOption. The most basic type of trading account is the “Starter” account. With a minimum deposit requirement of just $100, the account is ideal for those who just want to try out binary options trading before actually committing seriously. The next level of trading account is the “Pro” trading account. The trading account is geared towards those with experience trading the markets and requires a minimum deposit of $1000 to open. The last type f trading account is the “VIP” account. Requiring a minimum deposit of $5000 to open, this type of trading account is for those who demand a higher level of personalized service from their broker.
- Assets & Markets Variety
The markets covered by TopOption include the forex, commodities, stocks and indices markets. Altogether, there are more than 180 different types of underlying assets to choose from.
- Expiry Rates & Payouts
Depending on the type of trading contracts traded, the payouts at TopOption average can reach as high as 500%in some cases. Using the market price provided by their price feed provider, the expiry rate of the options contracts at TopOption are calculated based on the average of the Bid and Ask prices that is: (Bid Price + Ask Price)/2 = Expiry Rate
- Bonus & Promotion
There are several types of bonuses available at TopOption for traders to take advantage of. The first type of bonus is the welcome bonus which new traders will receive when they open a trading account at TopOption. The amount of bonus which traders can receive starts from 50% and goes up to 100%. In addition, there is also a “Refer a Friend” bonus which traders will receive when they refer someone to TopOption to open a trading account. The value of the bonus will depend on how much the friend deposited.
- Customer Support & Withdrawals
With a 24/7 availability, the customer support services at TopOption is fast and efficient. Traders can get in touch with the support team using email, live chat or the various toll free numbers supplied by TopOption. Withdrawals at TopOption are equally fast and efficient at TopOption. With the various payment modes supported by TopOption, traders can expect their withdrawal requests to be processed within the shortest possible timeframe.
From our review of TopOption, we can see that this broker is dependable and offers a secure trading environment for any aspiring binary options traders.