OnlyOption

Despite being a newcomer to the scene, OnlyOption Broker is based of Markets who also operates TopOption brand. Headquartered in Cyprus and licensed by CySEC in the EU, this regulated operator has the distinction of winning the Best Licensed Broker Award at the FBO Awards in 2013. Funds are guaranteed up to €20,000, so you can trade with this broker with confidence.

Company Overview

Name	OnlyOption
Bonus	Up to 100%
Review On	07/21/2024
US traders are not accepted

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Features

• Safe, Regulated trading
• Large diverse assets to trade with
• Extensive array of trading tools and features

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Overall Score: 95

95

• Bonus, Deposit and Payment 96
• Commissions and Support 98
• User Friendly 93
• No. of Assets and Expiry Time 99
• Mobile Application 96

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General Impressions

The clean, easy-to-use designs of OnlyOption Broker's mobile and web trading platforms immediately lend the broker a lot of authority. Unlike many binary option brokers, who don't tend to instill a lot of confidence for various reasons, OnlyOption Broker offers a secure, professional trading experience unlike anything else we've seen. We appreciate the wide array of deposit methods they offer, and the low minimum deposit requirement is a plus too. Like us, you're sure to feel immediately at ease upon exploring the site and the mobile app.

About the Trading Platform

OnlyOption Broker uses the SpotOption trading platform, which is widely regarded to be the workhorse of the binary options trading world. Reliable and effective, the platform simplifies the process of executing successful trades wherever you are. By that we mean that it's available as a web-based platform and as a mobile-based platform. Both platforms are intuitive to use, so you can hit the ground running. More than 180 assets are available, including popular indices, stocks and currency pairs. Regardless of which platform you use, you can take your pick from many trading methods, including call/put, 60-second trades, one-touch and more. The Option Builder feature, which is explored later in this review, is particularly noteworthy.

Broker Strengths

Promotions and Best Bonuses

Although the minimum deposit is $250, you may want to opt for an initial deposit of $500 or more when getting started with OnlyOption Broker. That's because by doing so, you will be eligible to receive a 25-percent bonus. The maximum allowable bonus of $2,500 is very generous. However, you don't automatically receive the bonus by making such deposit. Bonuses must be requested, so if you'd like one, be sure to request yours from the start.

Deposit Methods

OnlyOption Broker offers the usual array of deposit options for traders. You can make deposits via credit card, wire transfer or various other popular transfer methods. Deposit options vary depending on where you live. In many places, Skrill is not available, which is somewhat surprising. However, unlike virtually every other binary options broker out there, OnlyOption Broker lets you deposit funds via PayPal. This is another example of the legitimacy of this broker.

Customer Service

We couldn't be more pleased with the exemplary customer service we've enjoyed while using OnlyOption Broker. Sure, you will find the usual support options, including live chat, email and telephone support. However, this broker takes it a massive step further by assigning a dedicated account manager when you set up your account. From that point forward, any inquiries or issues you may have are to be directed to the account manager, so things are resolved promptly. You are also assigned a personal trading coach who guides you through the getting started process and is there to help you become a more accomplished binary options trader. We should also mention that OnlyOption Broker offers a wealth of educational resources, including e-books, instructional videos, webinars and much more.

Trading Features

Features

OnlyOption Broker offers an incredible array of features that will appeal to beginners and more experienced traders alike. Account types include the starter account, which requires a $100 minimum deposit; the pro account, which requires a $1,000 minimum deposit; and the VIP account, which requires a $5,000 minimum deposit. By depositing at least $500, you will receive free emailed trading signals that make a significant difference as well.

Of the many unique features that are offered by OnlyOption Broker, its Option Builder feature is among our favorites. It affords you many great options, including the ability to rollover, or postpone, the maturity of an investment. It also allows you to calculate the margins of risk and ROI and to double the amount of your investment mid-trade.

Finally, we are quite fond of the ProOption feature, which isn't offered by other brokers. With it, you can select two assets and have them square off in a trade.

Final Considerations

Happily, our initial impressions of OnlyOption Broker were on the money. This broker is a shining example of what binary options trading should be. We think beginners will find it especially useful, but even the most experienced and talented traders are sure to switch over to it as time goes by.