Top Features of UK Options
UK Options has a lot of features that makes it easy for beginning and experienced traders to make the most of their investment money. Before signing up with UK Options, I had only tried a couple platforms. I had decided not to use them because I simply didn't have the time I needed to devote my attention to any type of trading. Once my schedule cleared, I found UK Options and decided to give them a try. After the introductory period, I felt pretty happy with my experience so I kept the membership.
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So far, my favorite features include some of the following:
Like I said, I didn't have much experience when I signed up for UK Options. One of the things I wanted most was a company that would give me access to good educational resources. UK Options fit that need well.
The UK Options Academy has a lot of different resources that make it easy for traders to learn new skills and hone existing ones. The resources I have used most are the webinars, daily articles, and academy, which gives you a bunch of courses on subjects relevant to binary trading.
When I first started training, I used the glossary, too. Sometimes industries use words in weird ways, so I wanted to make sure I knew exactly what people were saying. It was really useful and I didn't have to feel stupid about not knowing phrases used by other traders.
The trading platform gives you the option to make a lot of different types of investment, including:
- 60 seconds
- One touch
- Binary options
I like having so many opportunities because it gives me a chance to learn more about various investments and helped me find the ones I'm best at.
The platform is also really easy to use. I've seen trading platforms before that just didn't make any sense to me. This is different. It works like a charm.
UK Options Prices
You don't have to pay to use UK Options. Instead, the company takes a commission from your earnings. Of course, some people may consider losing money a form of "payment," but that completely depends on how good you are at estimating changes in the market. If you have a talent for identifying patterns, then you probably won't lose much money. If you make investments without doing your research, expect the "costs" to go up significantly.
Criticisms of UK Options
I'm thinking hard to find something negative to say about UK Options. The only thing I can come up with is that it doesn't accept traders based in the U.S. Then again, I don't think I've ever seen a binary trading company that accepts U.S. clients, so I don't know that it's really worth mentioning.
I'm sure someone is going to ask whether it's even possible to access a UK Options account from within the United States. In my experience, yes, you can. I used my account several times while traveling for work. You should know, however, that I was using a virtual private network (VPN). (I pretty much always use a VPN. I'm so used to it that I don't even think about it anymore. It's just a security precaution that has nothing to do with UK Options.) I guess it's possible that the site blocks people from within the U.S., but I doubt it. I think you just can't sign up if you live there.
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UK Options Customer Support
You can contact customer support 24 hours a day, seven days a week via email, chat, or several local phone numbers. It's nice that they include local numbers to so many different countries. That should make it possible for more people to get the services they need with paying long-distance or, even worse, international rates.
Customer support is also available in several languages. Unless you speak a pretty unpopular language, you will find someone who can answer your questions.
I know that each customer is assigned a professional broker, which should also make it easier to get the answers you need. Instead of talking to someone new every time you call, you get a chance to speak with the same person. Most companies only offer that to their high rollers.
Personally, I have never had to contact customer service at UK Options. Before I opened my account, through, I read several reviews to make sure people weren't saying a lot of negative things. There are plenty of online trading platforms, so why choose one with subpar customer service, right? Most of the reviews I read were positive. It looks like the company has even one an award or two for quality customer service. I was satisfied enough to sign up. So far, everything has been fine.
Frequently Asked Questions About UK Options
Q: Do I have to download any software to use UK Options?
A: No, the entire trading platform is Web-based. You can even use your mobile device to access your account as long as you have an Internet connection of some type.
Q: Does UK Options accept cryptocurrencies?
A:I don't think the company accepts cryptocurrencies like Bitcoin at this time. That would be an interesting feature, though.
Q: Is there a mobile app?
A: Yes. If you would like to download a mobile app for your smartphone or tablet, there is one available that will probably give you a better experience than just using your device's Internet browser.
Q: What is the minimum deposit that I will need to open a UK Options account? Is there a maximum deposit?
A: You will need at least $250 to open your account. Some account types require more, but this is the minimum. You can add up $50,000 to your account per month if you're using a credit card. You can add as much as you want if you're wiring the money to your account.
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Q: How many times can I add money to my account in a month?
A:That depends on the payment option you want to use. If you use wire transfers, then you can make as many deposits as you want. If you're using a credit card, then you can make 10 deposits per card per month. Since you can add up to three credit cards to your account, you can make up to 30 transactions per month.
Q: Is there a maximum amount that UK Options lets members withdraw from their accounts?
A: You can withdraw up to $20,000 at a time. This maximum doesn't apply to all types of accounts, but it is the maximum. Some people may find this problematic. I thought that at first, too. If it's my money, then I want access to it however I want, right? Then I realized that this is a decent security precaution. Even if someone manages to break into your account, they couldn't steal everything. $20,000 seems like an amount that's high enough to satisfy people and low enough to protect you from fraud.
Q: How much money can I make from a successful trade?
A:That depends on the type of trade you initiate. A successful binary option usually earns 70% to 85% of your investment. That's pretty good for the industry. If you use One Touch, though, your payout could be as much as 550% your investment.
Pros of Using UK Options
- Islamic accounts available
- Strong knowledgebase system with guides, webinars, and articles on a wide range of topics
- Account funding from diverse sources, including credit cards and some online payment systems like PayPal and Skrill
- Doesn't require any downloads (totally Web-based system)
Cons of Using UK Options
- Doesn't accept U.S clients
I didn't know much about binary trading when I started my UK Options account, but it seemed like a good company for my needs. I particularly liked that UK Options offered such an extensive knowledgebase with so many different ways to learn about online trading. At the time, though, I wondered whether this would lose its appeal as I learned more and became a more experienced trader.
It turns out that UK Options is a good option for just about anyone, regardless of how much experience they have with binary trading. As I have learned more, I keep finding more ways that UK Options improves my opportunities. Those opportunities were always there, I just didn't realize it when I first started.
I think this makes UK Options a great company for anyone interested in binary trading. I've been happy with it. Chances are that other people will like it, too.