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Editor Rating
- 5/5 – Excellent
- Empireoption review
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Review Summary:
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In the world of binary options, simplicity and straightforwardness is not only the name of the game for new traders looking to get involved, but also veteran investors that have experience with its unique method. These very metrics is what makes EmpireOption.com such an effective trading platform. From the broad array of assets it offers its customers to the knowledgeable input available from its team of financial analysts and economists, EmpireOption.com provides traders with plenty of solid tools and information to make the complex and often volatile realm of binary options feel simple and, on some level, intuitive.
Table of contents
EmpireOption.com was founded in 2010 in Uruguay, immediately giving it the status as being the country’s first binary options company. Its headquarters are in the Uruguayan capital of Montevideo. They are also the lone binary option platform to receive the Norton/Verisign Seal and the Truste Seal; two certifications that provide confirmation that their platform is free from viruses and spyware and that all information contained on the site is secure.
EmpireOption.com – Basic Information
The online trading platform that is utilized by EmpireOption.com is a key component to its success. Rather than bombarding the trader with a bunch of information and leading him or her to sift through the data in order to make an informed decision, EmpireOption.com splits their asset investment options into four easily trackable categories:
- Currencies
- Stocks
- Indices
- Commodities
This division is especially crucial to a company like EmpireOption.com, since it does offer the trader the opportunity to invest in more than 250 different assets. It keeps things simple for new traders that are just getting their feet wet with binary options, and it makes things easy for the seasoned trader that knows precisely where he or she wants to invest his or her money.
The assets that EmpireOption.com offers can be picked from a user-friendly submenu, and the kind of trade that the investor wants to make can be selected from the company’s online interface rather easily. And since time is of the essence when it comes to binary options, EmpireOption.com makes sure that information regarding the time left before an option expires is clearly visible.
Best Features of EmpireOption.com
The ease at which a trader can go about investing here serves as the backbone for EmpireOption.com’s service, but it is far from the lone feature that makes the site so solid.
For one thing, EmpireOption.com provides the trader with a stream of constantly updated live information that is custom built based on a trader’s activities, as well as the latest financial news and charts that document a price’s development. This information is designed to guide the trader into giving him or her all the information that is needed in order to make the smartest investment related move possible.
Another top feature is the wealth of assistance that EmpireOptions.com manages to place throughout their websites. From step-by-step tutorials explaining how to access and use all of the site’s numerous tools to an easy to access instruction manual placed to the right of the platform, EmpireOption.com makes it very easy for a trader to have any basic procedural question answered quickly. Considering how rapidly things can move with binary options – including investments – the abundance of online assistance that EmpireOption.com offers slows things down a bit for newbies. It also works to establish a layer of trust between the trader and the site; something that is a key element regardless of what path of investment you may want to take.
For traders that prefer to go about learning and absorbing material in a more concentrated manner and not necessarily one where they are looking things up during the investing process, EmpireOption.com does offer a complimentary e-book that goes over all of the basics regarding binary options. They also feature an onsite blog and an exhaustive glossary filled with all the basic terminology that you need in order to manage your investments properly.
EmpireOption.com Prices and Spreads
Perhaps the item that attracts people to EmpireOption.com is their low price tag to get involved with their services. The starting minimum that a trader has to deposit in order to utilize EmpireOption.com is $100. Considering that other brokers will require as much as $500 for an initial deposit, that is quite a bargain. For the trader who is interested in getting into binary options but has been intimidated by high starting minimums, this cost-effective deposit is rather attractive. Plus, this level of cost-effectiveness does not dissipate once the trader has signed up and made his or her initial deposit – EmpireOption.com offers a minimum trade of $5.
This amount is far less in comparison to some of the other leading binary option companies, who can require up to a minimum trade of $25. Again, this low value can be a rather attractive sight for a trader who is curious about binary options but is a little gun shy. The deposit process that EmpireOPtion.com offers is also easy and rather diversified, as the trader can make his or her deposit via credit/debit card, bank transfers, Neteller, Skrill, and eWallet.
Additionally, EmpireOption.com presents a wide range of spread options for traders to put in as much or as little risk as they desire, and they are presented in a manner that feels impartial. While these options do not guarantee that there will not be a risk involved with investing, of course, they do a solid job in presenting the different strategies available in a way that leads the trader into being comfortable with weighing his or her options without feeling pressure to deviate from his or her comfort zone. The result of this enables the trader to feel more at ease and in control over how bullish or conservative his or her investment strategy will ultimately end up being.
The One Downside of Using EmpireOption.com
While EmpireOption.com offers the trader a wealth of tools and information at his or her fingertips, there is one area in which the site is lacking. The site offers three types of accounts: Bronze, silver, and gold. As one may suspect, the bronze is the cheapest account to ascertain, while silver and gold accounts ascend in price in that order. However, if a trader wants access to EmpireOption.com’s demo account so he or she can play around with dummy investments as a means to get fully immersed and comfortable with the tool, he or she must sign up for either the silver or gold account. This in turn does cost extra investment money.
EmpireOption.com Customer Support
That said, EmpireOption.com’s customer support is so rock solid, it makes the lack of a demo site for bronze level traders to be a minor quibble. EmpireOption.com offers e-mail and telephone support, but where they really shine is their live chat service. The people that conduct the live chats are extremely knowledgeable in the world of binary options, and they have a sterling reputation for letting the traders just how much they know, as they a tendency to provide a ton of information and material that traders can use in their quest to maximize profits.
Conclusion
Even if a trader has experience in dealing with binary options, it is still a means of investing whose rapid pace could be intimidating, especially if the binary option company is putting forth information and tools that are unnecessarily complex. This is why EmpireOption.com is such a boon to traders. For them, investing in binary options is all about keeping things simple and uncluttered all while keeping its traders in the know as much as possible. Considering the nature of the binary option beast, this philosophy is extremely refreshing.
