TopOption is a popular binary options broker with a wide range of tradable assets. At last count, there were some 180 assets across 4 categories. The trading platform includes History Graphs, Trader’s Choice, Stock Pair and Buy-Out. Other features include 60 Seconds, Binary Builder, One Touch and ProOption. Returns on binary options trades can go as high as 85% on a wide range of tradable assets, and up to 500% on one touch options. This binary broker is licensed and regulated by the Cyprus Securities and Exchange Commission (CySEC), and is headquartered in Nicosia, Cyprus. TopOption is powered by Markets.com.
you’re looking for a binary options broker that really tries to connect with you in a friendly and personable way, this is it. The trading platform is clutter free and it offers easy-to-understand trading tools to get you involved in the world of binary trading. The 3-step guide to trading involves selecting an asset, making a prediction and investing & trading. Call options are displayed as green buttons and put options are displayed as red buttons.
The TopOption product is neatly laid out for novice traders and experienced traders alike. The product includes Classic Option, 60 Seconds, One Touch, Option Builder and Pro Option. The trading platform is web-based and no download is required. There is also a mobile trading platform but the site needs a little updating. The mobile apps offer a no-download trading platform for Android and iPhone smartphones and tablets.
In line with CySEC regulation, TopOption maintains segregated accounts for traders. SSL technology and 128-bit encryption is standard. This binary options broker caters primarily to a European trader base. US and Canadian traders are not eligible to trade for real money at TopOption. There is a demo account, but traders must first deposit $200 before they can access it. You can trade in USD or EUR. Maximum return is up to 85% and maximum investment – $10,000, consequently, minimum investment amount is $10.
The TopOption Academy provides useful insights into binary options trading. The information is ideally suited to novices and intermediate-level traders. eBooks, webinars, a video library and market indicators are available. The resource center offers a weekly market report, an economic calendar, asset index and expiry rates. For each of the available assets, traders can find the market hours. Overall, the educational resources are on par with what you’re likely to see at competing brokers. There is no blog at TopOption which is unfortunate since many top binary brokers offer such services.
Banking Options and Deposits
The payment methods at TopOption include Visa, MasterCard, Diners Club, Delta, Fast Bank Transfer, WebMoney, Skrill, and Neteller. New traders qualify for a TopOption Welcome Pack up to 100% bonus. There are also the following bonus offers:
- 50% Bonus on a deposit of $200
- 100% Bonus on a deposit of $500
There are other bonuses available to traders, including a Starter Bonus, a Pro Bonus and a VIP Bonus. Personal account managers are always on hand to discuss the bonuses with traders. Upon registration as a real-money trader, there are several ongoing giveaways, 24/5 customer support (telephone, email and snail mail in Cyprus), access to breaking news, an economic calendar, a video library, personalized training, eBooks and more. Overall, TopOption scores best on its functionality, support and range of tradable assets.
TopOption is a regulated broker. This means that there is no chance that you will be cheated since the broker is checked by CySEC. Also, the broker is participating in the Investor Compensation Fund which gives extra protection in case if the broker is unable to meet client's claims. But of course, it does not protect you from losses and TopOtion warns about it. The broker emphasizes that trading is very risky. TopOption does not try to embellish or hide the truth what is a distinguishing feature too.
TopOption has been working for three years and proven its competitiveness. The broker is successfully competing for the leading position among binary options brokers. Of course, it has minor flaws in the performance of the website but it still remains a worthwhile broker to consider.