Trading binary options isn’t terribly complicated. The trick is finding the right broker. There’s certainly no shortage of online options, which can make finding the right one a bit of a challenge. When searching for a broker, you want to focus on three key areas. You want a trading platform which is simple to use. You want expert assistance which is quickly available. Finally, you also want to only trade with a site which will keep your information secure.
TopOption is a relatively new broker on the market. Are they a company investors should pay attention to? We checked out the entire site and have a complete review below:
TopOption was established in 2012, making it one of the newer brokers on the market. TopOption is headquartered in Cyprus, and is one of the first regulated binary brokers. They belong to parent company Safecap Investments Ltd.
Overview of Trading Platform
The TopOption trading platform is simple to use, and based on SpotOptions software. Trading is a three step process. First, you choose an asset. Next, you make a prediction (either Call or Put). Finally, you enter the amount you want to invest and that’s it – you’re trading binary options.
Aside from the Call and Put options, TopOption also offers other trading options including Touch/No Touch, Speed Master, ProOption and One Touch.
There is currently no iPhone or Android support, although these applications are coming soon. The site promises you’ll be able to use your mobile device in order to make trades and receive real-time market updates. Still, if this is an important feature for you, know that it is unavailable at the time of this review.
Profit and Return Rates
The average return is 85%, which we really liked. There’s also a 25% return on loss. Trades have a minimum of $10 and a maximum of $10,000. The high return rates, including the returns on losses, are a big reason why Top Option is popular with experience traders. There’s definitely a lot of potential to earn big here.
Top Option offers a Rollover feature, which allows investors to delay their expiry time. Rollovers cost 30% of the initial investment, but the extra time can really increase your chances for a better outcome.
TopOption also offers a popular Double-Up feature. This allows the investor to double their investment mid-trade. If it looks like you made the right prediction, you can Double-Up and make twice as much money.
Overview of Assets and Expiry Times
There are over 50 assets, with more being added all the time. Considering the site was founded only a few years ago, we thought this was a pretty impressive start. The assets are organized into commodities, indices, shares and currencies. The assets were varied enough that markets around the world were well represented, which meant we could trade throughout the weekday with no problems.
Deposit and Withdrawal Info
Creating an account requires a minimum deposit of $100. Funds can be transferred into the account from most major credit cards (Visa, Diner’s Club, Mastercard), wire transfer, Webmoney and Moneybookers.
Withdrawals have no fee and no minimum. Funds withdrawn are returned to the initial method of deposit (credit card, bank transfer, etc.). They accept a variety of major world currencies.
Additional Features/Bonuses Being Offered
If you open an account and deposit $100, you’ll receive a 50% bonus. If you deposit $250, you’ll receive a bonus of 100%, with a cap of $500. These were some of the best bonuses we’ve ever seen, even if they are limited to just one deposit.
Support is available Monday through Friday. A team of financial professionals is available by email, live chat or telephone. There are local phone numbers for over 20 countries where you can find support in over 10 languages.
Top Option may be a new broker, but they have a lot to offer. They have some of the highest rates of return on the market, including a very high loss return. Plus, they offer some unique features, such as Rollover and Double-Up, which we really liked.
While TopOption doesn’t have a large amount of assets, they are growing and we’re confident they’ll continue to do so. Top Option is a company with a lot to recommend, and we’re excited to see what the future holds for them.