TopOption
Broker ReviewTopOption is a binary option brokerage firm that was started by a team of online financial service experts. It is one of today’s most reliable and most secure services of its kind. The company has licensing from the European Union, or EU, and approval to operate from the Cyprus Securities and Exchange Commission. TopOption maintains a high level of protection for its clients, and according to reports, the company's investors enjoy up to an 85 percent rate of return.
Overall Impressions
TopOption is an excellent place for new investors to start trading because the company supplies the resources that novices need to become comfortable with investing. People who trade through the company will receive personal assistance from market experts. Furthermore, the experts will customize their help to the trading experience of the investor. TopOption's resources also include eBooks, webinars and video tutorials. These features give traders comprehensive support.
Trading Platform Overview
The trading company uses a proprietary trading platform that can be downloaded from the Internet or on a trader's mobile device, such as an iPhone or Android smartphone. Each trading session will abide by the industry’s strict security protocols to ensure that a trader's financial transactions and personal information remain private on a continuous basis. Today's binary brokers have invested in standard system software for trades, which is simple and easy to use. TopOption uses this type of system. To begin trading, an investor just needs to deposit $100 in his or her TopOption account. The funds will be held in a German, Swiss or United Kingdom bank.
Broker Strengths
Min. Deposit
€ 100Max. Bonus
100%Max. Payout
85%Demo Account
1Bonus Details
TopOption offers a bonus of 25 percent with the first deposit. The terms are the deposit and the bonus times 20. Depending on the deposit amount, investors can receive up to $2,500.
About Deposits and Withdrawals
In the online trading industry, most finance companies follow general practices and procedures in regards to deposits and withdrawals. TopOption permits investors to make deposits with credit cards like Visa and MasterCard as well as through bank wire transfers and Neteller. When traders request a withdrawal, the finance company completes the transaction quickly. Investors can make sure that their withdrawal requests are handled even faster by filling out standard identity and residence documentation.
Customer Service
Once an investor opens an account with TopOption, the investor will receive a phone call from a service specialist to determine his or her needs. Each client receives a personal account manager along with a personal trading coach. The company’s trading specialists make sure that each investor receives a good investment start. With the specialized assistance, new investors will learn trading basics before they begin taking chances by trading large amounts of money. TopOption staffs its customer support office 24 hours a day and five days a week. These expert representatives can be reached through email, live chat online or on the company's toll free phone number. In addition, the finance company provides service in 10 different languages including English, Japanese, Polish, Italian and German.
Languages
- Arabic
- Dutch
- English
- French
- German
- Italian
- Japanese
- Polish
- Russian
- Spanish
- Swedish
Deposit Methods
- Bank Wire
- Delta
- MasterCard
- Neteller
- PayPal
- Skrill
- Visa
- WebMoney
Contact Broker
- Email: support@topoption.com
- Fax: +357 22-022-540
- Phone: +357 22-222-039
Company Features
When investors make trades through TopOption, they can select short and long-term investing periods. The company also gives its customers access to mobile trading and more than 180 asset options, such as stocks, currencies and commodities. With TopOption, investors can track their active trades. In addition, trade results will be shown in an investor’s portfolio. The finance company allows its investors to trade with platforms like Call and Put, Meta Charts and One Touch. For a fast return, investors can take advantage of 60-second trades.
Trading Features
Speed Trading | Spread High/Low | One Touch | Option Builder | Mobile Trading | Regulated |
---|---|---|---|---|---|
1 | 1 | 1 | x | 1 | 1 |
Advantages and Disadvantages
A major advantage of making trades through TopOption is that the company permits different deposit methods. The finance company uses local deposit processes to ensure that its traders can use their country's common finance system to make investments. This is a unique TopOption feature. A company disadvantage is that investors can only make one free withdrawal each month.
Pros & Cons
- Large diverse assets to trade with
- Mobile trading with both iOS and Android apps
- Toll-free support only available in some countries
- Intuitive web-based trading platform based on KeyStone
- Large educational material library of trading and strategies
- One free withdrawal each month
Final Considerations
When traders use TopOption to complete their investments, they will receive security, trading advice and support. Since the company offers unsurpassed customer service, competitive payout ratios and convenient access to its site, TopOption is considered an industry leader.