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TopOption is a well-established binary option broker which is owned by Leadtrade Ltd. It came out with their new trading system made by TradeSmarter software company in 2016 and it is a branch of Markets.com which deal with binary options. TopOption trading platform is extremely easy to use and it has unique social trading features which allow traders to setup their social profile when they first create their account.
As a registered trader, you will be given two web based trading platforms that you can use to trade, first is very simple to use and the second platform is TradePro which is more advanced and it is the better one to use. TopOption offers their traders more than 100 different assets to trade on, some of the popular stocks which traders can trade on are commodities, forex pairs, market indices with thirty seconds, sixty seconds, two minutes and five minutes option. The gains vary depending on the type of assets and the time of the day, the gain is between 50% and 90% of the amount you trade with. It also offers traders advanced trading tools such as Rollover, Buy me out and many others.
Trading Platform Overview
TopOption’s platform is clean, very easy to use and understand, the website is user friendly and also mobile friendly, traders can trade with their mobile phone without any problem. The website is made available in 20 languages which gives the opportunity to reach a wide range of traders all over the world. The layout of the information on the website is intuitive and the trading platform can accommodate rookies.
Any trader that visit TopOption website will know for sure that they are in business with a serious broker, the website is not like all the normal platform with white background and the technology they use is provided by KeyStone. The experience on the website is smooth with no broken links. All the information on their website is true, they didn’t lie about themselves, they let the traders know that they are risking their money when trading. The only little problem is that the time displayed on the platform cannot be changed to your local time and this can lead to a problem when choosing expiries.
Promotions and Bonus Offers Overview
TopOption has ceased to offer a deposit bonus due to the new CySEC regulations regarding bonuses instead they now offer loyalty reward which is real money that is credited to the traders account based on the trading volume. Once the trader reach a specific level, the award will be released into the traders account and the trader can trade or withdraw it.
TopOption also offers “Trading Volume Multiple” which is a new term for the old turnover requirement, the formula used for calculating the bonus is “(Deposit Amount + Award amount)*Trading Volume Mutiple”. They also give to their traders many educational and training materials to help them trade successfully. They also have Frequently Asked Questions section where you can find more information about TopOption broker.
Deposit and Withdraw Options
TopOption supports many deposit options, you can deposit through Credit Card, Debit Card, Fast Wire, Wire Transfer, or WebMoney. The minimum deposit amount for new account is $100. TopOption does not charge their trader any amount for opening an account and also they don’t charge any commission for withdrawing funds but there is a monthly charge for inactive account which is $5. The payout ranges around 85% for almost all of the options on TopOption. Once the withdrawal is approved, the trader may wait up to seven business days until his account will be credited.
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Safety and Regulation
TopOption is legit and they are licensed by CySEC in Cyrus with license number 296/16. All the information about TopOption is publicly displayed so that the world can verify the authenticity of the broker because they are constantly verified by CySEC. One good thing about this regulation is that TopOption don’t have direct access to traders’ money and cannot use them as they like. When an unregulated broker get hold of your money, they can use it as they like, and if they are scammers then your money is gone but this cannot happen with regulated and licensed brokers like TopOption.
This broker undertakes great risk protection measures such as the Investor Compensation Fund insurance protocol of up to 20K Euros per client, this risk protection measure protect the traders money from being lost.
TopOption’s customer support is very helpful, they are swift in their response and their services are offered in more than 10 languages. Traders can contact the support team through live chat, email and through call, they are always available to respond to any request.
TopOption is a legit, safe and trustworthy company with a stellar reputation. Deposit and withdrawal can be made easily. Their customer support is always online to solve traders’ problem anytime of the day. With TopOption you can be rest assured that you will get a fair-trading experience and also, any transaction carried out on their website is secure. Their website is safe and user friendly.