If regulation is an important factor when deciding to trade binary options then TopOption binary options broker is the right choice for you. Regulated by CySEC, TopOption is one of the few binary options broker that is backed by a strong regulatory environment. Furthermore, TopOption is managed by SafeCap Intl. the same company that operates a reputable forex brokerage, Markets.com (one of my favorites). Click here to read about Markets.com
In this review of TopOption broker, i’ll introduce you to the site itself along with details on how to manage your deposits and withdrawals as well as the different types of binary options available to trade with TopOption.com
Binary options trading at TopOption.com
TopOption offers a good variety of binary options trading which can be classified into the following:
Classic Options, which is the standard PUT/CALL options that is offered. The average payout under Classic Options is between 80% – 85% and includes a choice of tradable instruments across stocks, futures, commodities and forex currencies.
One Touch Options, which offer a bigger payout in the range of 350% to 550%. Trading One Touch options comes with a specified expiry times which cannot be changed and the difference between the options closing and the exipry time is usually 24 hours and more. Trading One Touch Options, you cannot however choose the direction. For example, if you were trading Facebook One Touch options, then a typical contract would be a 400% return on a PUT option if Facebook’s stock price touches and falls below 26.63. In other words, you would not be able to trade a CALL option under One Touch options.
60 Second binary options are the most popular among the different types of binary options offered. Typical payouts for TopOption’s 60 second expiry ranges between 60% – 70%. The minimum investment for trading 60 second expiry options starts from only $5.
ProOption – A unique feature from TopOption, trading ProOption, although might seem similar to trading traditional binary options, offers a better trading experience. For example, trading ProOption, you have the choice to close your option before the closing time and you also get to see the trader sentiment. Payouts for ProOption is between 80% to 85%.
TopOption.com Banking: Deposits & Withdrawals
Banking with TopOption.com is very easy and secure. Of course, before you proceed to make a deposit, make sure to submit your proof of ID and address in order to fully verify your TopOption.com account. Once you do that, you can deposit using Credit/Debit Cards, Bank WIRE or WebMoney. Transfers by eWallet are instant with no additional fees for withdrawals. Bank WIRE’s take a bit longer both for depositing and making withdrawals.
TopOption.com – Trading Features
TopOption is building a good resource of information for binary options traders. Currently for traders who sign up to TopOption.com can access a good eBook that walks through the basics of trading binary options and the terminology associated with it. Traders can also access four video courses which cover the basic introduction to binary options and goes all the way to financial management of your trades, and how to conduct market analysis. Traders can also see a full demo of how TopOption.com works making it easy for you to know how to navigate across the site.
Bonuses & Account Types – TopOption
TopOption offers three types of account depending on your initial deposit which is $100. The account types are categorized as Starter, Pro and VIP. Refer to the table below to see a list of features associated with each of the account types.
|Bonus||Up to $25||Up to $250||Up to $1250|
|Off trading hours assistance||No||No||Yes|
TopOption Review – My Conclusion
To conclude my review of TopOption, I have to mention the fact that it makes for one of the most safest and credible binary options broker. Being not only regulated by CySEC but also managed by a company that has been around for quite a long time in the online financial trading business and having successfully managed bigger brands. Trading at TopOption is indeed safe and client funds are secured. Processing of withdrawals and deposits are easy. If you are looking to trade binary options seriously and for the long term, then look no further than TopOption.com