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Editor Rating
- 5/5 – Excellent
- TopOption review
- Website:
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Review Summary:
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Overall, with all the benefits and features of their trading platform, TopOption is worth a serious consideration as a broker for those who are interested in trading with a regulated broker. They have an incredible security system set in place and the Platform is easy to use. Trades can be made in the matter seconds or over the course of an entire week the choice is entirely up to you. The minimum trade amount is five dollars, so starting small and fully understanding the system is easy to achieve and you can slowly build your risk and rewards.
Table of contents
TopOption is breaking new ground, entering into binary options brokerage. This company is owned by Safecap Investments, a financial firm that is governed by the Cyprus Securities Exchange Commission.
Binary options are different than trading stocks or the Forex Market. It is based off of assets that have a pre-set price. Over time you have to decide whether the stock is going to rise or fall. If you choose correctly than you are receiving a payout, if not; then you are losing the pre-determined price.
The website is easy to maneuver and states that the brokerage is powered by Markets.com, another reputable brokerage.
Top Features of TopOption
TopOption is great for novice and expert traders alike. Through TopOption you have a very user friendly interface that is web based. There is no software to install while using TopOption. This is a negative aspect for some people, but there is also a mobile platform that can be reached as long as your internet has access to the internet (modern smartphones at least).
The minimum deposit to create an account is one hundred dollars. With that you also get access to the TopOption Academy, a multi-media training center. It has one on one personal training, tips, even breaking it down as to answer “What Are Binary Options?”. Regardless of whether you have traded for decades or days, the one hundred dollar deposit is worth the cost of the information.
The security used to certify this site is really well developed. They use very reputable and strong protection that guarantees your money. There is Trader Protection Insurance for up to twenty thousand euros. Accompany that with the CySEC regulations and the security seems almost impenetrable.
TopOption is one of few online brokers that also allows their traders the use of an option builder platform. It allows the users to fully customize and personalize their platform in order for them to succeed. This is not a tool for beginners, and the wrong set up could cost you hundreds if not thousands of dollars.
ProOption is another style of trade offered by the brokerage as well. Under this trading style a customer chooses two assets to “face off” against one another and your job is to decide which one is going to be the higher or lower of the two at the end of the time frame. Instead of having to focus on one asset, you are now forced to two assets; adding to the high risk, high reward scenario.
At TopOption there is a sixty second trade. If you are the impatient trader that likes to see results sooner rather than later, you can see a return within a couple of minutes. There are also one touch binary options, a great tool where some payouts have reached five hundred percent. All it takes is one correct prediction. Technically you have a fifty percent chance of choosing right, any insight and information only tilts the table in your favor.
TopOption Prices
One of the huge benefits with TopOption is that they offer a lower minimum deposit than most brokers. While traditionally most brokers require a minimum of two hundred and fifty dollars, TopOption only requires $100. Deposits consisting of two hundred and fifty dollars or more will activate account incentives offered by TopOption.
These account bonuses will result in the ability for you take account bonuses which should only be exercised by seasoned traders. Another upgrade to your account becomes available to those who deposit five thousand dollars. Once your account becomes verified, your account becomes a VIP account, the perks of having a VIP account would be having access to unlimited training material, higher bonuses, off hours live support and SMS Binary Options Signals provided by the broker.
Additional training eBooks along with account management training will become available to you as well after the minimum deposit is meet. Not only does it offer educational information to help use their site and become a better trader but they offer you live feeds which can become a huge advantage to traders who rely on fundamental analysis.
They also give out daily and weekly market reports which can be another advantage when trying to catch the latest news concerning certain assets. The last additional feature they have available for you is an economic calendar, which shows you all the future press releases, the projected impact potential and which assets it effects. Using this calendar correctly can result in a huge increase in trading success when trading with fundamental analysis.
The Downsides of Using TopOption
The only unfortunate aspect of the TopOption brokerage is its age. They have only been around a year and are still very new into the brokerage world. They are doing incredibly well and it does look promising.
The VIP section costs five thousand dollars to achieve. It is warranted with unlimited training from a professional and an account manager, but it does seem a bit steep.
TopOption Customer Support
For being such a new company, TopOption has a remarkable customer service team. As they are based in Europe, they have direct phone lines to many of the major countries throughout Europe. They have a very knowledgeable staff that is willing to help with any and all of your questions.
In addition to the phone lines, there are representatives ready and waiting to support through live chats and email. While researching the reviews from seasoned TopOption users, there are no complaints in response to the customer service team. They are rated phenomenally, which is stunning given its recent start-up.
Conclusion
Overall, with all the benefits and features of their trading platform, TopOption is worth a serious consideration as a broker for those who are interested in trading with a regulated broker. They have an incredible security system set in place and the Platform is easy to use.
Trades can be made in the matter seconds or over the course of an entire week the choice is entirely up to you. The minimum trade amount is five dollars, so starting small and fully understanding the system is easy to achieve and you can slowly build your risk and rewards.
