TopOption Review Topoption,a brand promoted by Markets.com since 2011, is one of the leading binary options broker, which is most popular among European Traders with their new CySEC licensing and registration in… more.
|Support Types||Email, chat|
|Languages||English, French, Spanish, German, Russian, Italian, Arabic, Japanese, Polish, Dutch, Swedish, Multi-lingual.|
|Minimum 1st Deposit||$100|
|Minimum Account Size||$100|
|Free Demo Account|
|Deposit Methods||Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Credit Card|
|Withdrawal Methods||Credit Cards, MoneyBookers, Wire Transfer, PayPal, Neteller, WebMoney, Credit Card|
|Types of Assets||Forex, Commodities, Indices, Stocks|
|US Traders Allowed|
Topoption,a brand promoted by Markets.com since 2011, is one of the leading binary options broker, which is most popular among European Traders with their new CySEC licensing and registration in Europe. It brings similar level of sophistication to binary options niche as in forex. The downside is that TopOption is closed for traders residing in the USA due to regulatory constraint. If you are trading from anywhere outside USA, Top Option is a good choice! TopOption offers a very competitive payout of up to 85% on winning trades for regular Binary Options and up to 300% with special type of binary options.
TopOption takes upto 24 to 48 hours for credit card withdrawal and up to 3-4 business days with a bank wire. Compared to industry standard,the duration is pretty good. Minimum withdrawal amount is $100. Due to regulatory and security issues, you need to email or fax a proof of identification used to fund the account during withdrawal. The first withdrawal is free every month and any additional withdrawal during the calendar month is at $25 processing fee. As a subsidiary of leading brand markets.com,it has a consistent reputation for honoring withdrawal .
Starting Deposit, Bonuses and Incentives
Minimum deposit requirement for TopOption is $/euro 100 rather than regular $250 requirement. Though,I will advise you to start with not less than 500$,but $100 can be a good start if your objective is to get used to real money trading first.
The deposit requirement with TopOption is 100Euro in comparison with the average $250 /Euro requirement with other binary options brokers. For additional account incentives, bonuses and training users are required to deposit at least 250Euro. Users can trade over 170 assets covering all global markets. The basic account is for deposits between 100Euro to 1000Euro. Users can receive additional 4 hours training every month and a bonus for deposits of 1000Euro minimum with a PRO Account. The VIP Account required a minimum of 5000Euro and users in return can receive unlimited training, higher bonuses , SMS Signals and Off-hours live support guaranteed.
One of the unique feature of TopOption is Pair Option Trading, which allows the user to predict the movement of one asset relative to another asset. This is allowed for a lot of instruments listed in TopOption. The profit potential with Pair Trading is higher than regular binary options as payout varies between 300 to 500%. TopOption does provide some of the popular features offered by other brokers such as the One Touch, 60 Seconds Trading, Option Builder and OptionPro.
Why to choose TopOption?
The broker has many strong points to mention:
Online Platform – no need to download anything on the PC or laptop. Just to sign in and start trading.
Pair Option Trading- Unique and higher payout upto 500%
High Payout – your investments may bring up to 85%!
Large expiries – you can choose to trade 60 seconds if you are an aggressive trader. For the long-term investors, TopOption offers monthly/yearly expiries.
Mobile Platform – trade wherever you are! Use your mobile device and spend your free time to get additional profit.
Wide Range of Contracts and Assets – you can trade 5 types of contracts for up to 150 different assets.
Unique Features – Enjoy TopOption’s unique features such as Rollover, Buy me Out etc.
When you first trade Binary Options, it may seem difficult to trade such contracts for some newbies. So,TopOption offers the unique training system in order to help clients, who have never traded before. With this broker you get, TopOption Academy, which includes useful articles, FAQ, videos, eBooks as well as webinars.
It helps you learn how to trade, analysis methods, risks and money management strategies, trading psychology.
Binary Options broker provides clients with the necessary data. All traders use from time to time Economic Calendar, where one can find the most important events, influencing markets’ fluctuations.
There is a special Asset Index category, where one can find description to some all assets, which TopOption offers to trade.
Weekly Market Reports help traders to take important decisions. TopOption specialists gather and analyse important market and economic data in order to provide clients with latest events and give their point of view.
Types of Contracts
Broker provides clients with 5 types of Binary Contracts:
Classic : This one is well known as High/Low Binary Option. Trader has to determine whether the price will go higher or lower from the current level.
Speed Master : This kind of contract suits to the traders who like fast 60 seconds trading.
One Touch : A high profitable contract. Trader has to predict whether the price touch the established level or not.
Touch/Bo Touch : A variety of One Touch contract. Broker offers more choices to the trader and the rick is lower.
Pro Option (also known as Constructor in some platforms): The contract is suitable for professional traders.
Reliable and easy to operate platform
Large amount of assets to trade
Interesting and useful training program and resource center.
Pair trading allowed
US citizens not allowed
TopOption is one of my top recommended broker for European and non-USA traders. The low min deposit amount helps new traders to get acquainted with binary options platform with very little risk. Given the backing of leading forex brand Markets.com, I believe it will continue to bring high quality service in future and traders should feel comfortable to deal with TopOption.