Dragon Options Binary Options Broker
The central office of the Dragon Options Company is located in Cyprus in Limassol. At the same time, its affiliates are opened in many countries around the world. The official Dragon Options website is available in Russian language as well.
The company is licensed by the Cyprus Securities and Exchange Commission (CySec). Moreover, its activity is regulated by CRFIN, which is important for traders from Eastern Europe and makes them confident of the quality of services and guarantees safety of payments when withdrawing money from the deposit.
Quality of services has been appreciated by a well known Global Banking and Finance Review magazine, the one that called Dragon Options the best broker in Eastern Europe by the end of 2012.
Dragon Options maintains an ongoing dialogue with its customers, improving their professional skills through quality training, round the clock support and numerous bonuses and promotions.
The broker has a favorable offer ready for new customers, that is adding the 100% bonus on the amount of funds deposited to their trading account. In this case all new replenishments are welcomed by Dragon Options with a 50% bonus.
Terms of trading
- Profitability - from 70% to 400%
- Loss recovery – up to 15 %
- Minimum deposit - 250$
- Minimal stake - 1$
- Demo account – Yes
- Mobile version – Yes
- Education – Yes
Registration and account opening
Registration at the Dragon Options Company is simple and does not take much time. Filling a simple application form and verifying the account through the applicants own e-mail is enough for new customers. After filling in all the necessary data, the site redirects new client to the page of account funding, where the following selection awaits: the American dollar, the Russian ruble, euro or Turkish Lira. However, when funding the account the restriction on the amount of transfer is applied to everyone. Thus, customers who have not verified their registered account will not be able to deposit the amount of over 500 USD. However, in any case, verification is necessary as withdrawing money without this procedure is not possible at all. This is the today international policy of preventing money laundering and terrorist financing. However, each new customer will become a verified user operating at the financial markets without any restrictions after sending an e-mail with a scanned copy of his passport and receiving confirmation from the company's managers.
Trading account – maximum privileges
Dragon Options is one of the few brokers going the way of grouping traders by their deposit amounts. With that, the trader becomes base, premium or VIP customer depending on the deposited funds amount.
The “Base” trading account – deposit of up to $4999:
- free educational materials for binary options trading training;
- trading platform review;
- money withdrawal within 3 days;
- 110% deposit bonus.
The “Premium” trading account – deposit from $5000 to $24999:
- free educational materials for professional binary options trading;
- free internet trading webinars;
- Dragon Options trading platform review
- money withdrawal within 1 day;
- 120% deposit bonus;
- unique funding program.
The «VIP» trading account – deposit of more than $25000:
- free educational materials for professional options trading;
- free internet trading webinars;
- Dragon Options trading platform review;
- money withdrawal within 12 hours;
- 130% deposit bonus;
- unique funding program.
- bonuses for the traded volume;
- personal manager direct phone number;
- free options and money management strategies;
Trading platform – maximum technologies
You will not find any oversophisticated features in the Dragon Option trading platform. In this case, it is the very same web terminal developed and patented by Spotoption Company, which is used by 70% of the financial market operators. At the same time, the fact that Dragon Options uses this trading platform already makes confident of the quality of services.
First of all, be sure of the following advantages:
- international security protocol SSL;
- Intuitive ease of the platform operations;
- nice interface;
- professional technical and hardware support;
- lightning-fast response to traders' trading orders;
- access to numerous functions;
- a huge selection of expiration times;
- vast opportunities in trading methods;
- strategies designer;
- the ability to simultaneously trade in multiple windows.
However the trading platform has the following downside:
- the lack of technical analysis.
Of course, all the company's customers have access to trading through mobile applications.
Many popular assets
1. Stocks (world exchanges):
- more than 100 companies (Apple, Barclays, BMW, Coca Cola, Ebay, Facebook, Gazprom, Google, IBM, etc.)
2. Currency pairs (Forex market)
- more than 30 currencies.
3. Indices (world exchanges):
- more than 40 items (ASX, CAC, BIST 30, BIST 100, DAX, FTSE 100, IBEX, NASDAQ, RTS, SMI, STRAITS TIMES, VIX, TAIEX, TEL AVIV 25 and etc.)
4. Commodities (world exchanges):
- 12 types (coffee, gold, platinum, silver, sugar and etc.).
Free trading signals that the company periodically provides its traders with should be mentioned among the unique features of Dragon Options. Using this service everyone will be able to professionally assess the financial market, open more balanced trading positions and trade with a high probability of profit.
In addition, traders who invited additional customers to the company get incentive bonuses of up to $500 to their accounts. To do this you simply need to invite a friend to trade binary options.
Ways of trading
In this case, Dragon Options showed a personal approach to providing customers with the opportunity to trade:
- Classic (alternative names: cash-or-nothing, all or nothing, the price is more than / less than, Call / Put).
- One touch (One touch of the projected level).
- 60 seconds (high-speed trading with an expiration term of 60 seconds with the prediction of quotes increase or decrease relatively to the level of entering the position).
- Black Dragon - a medium-term “higher / lower” trading technology
In addition, the company provides innovative functionality with which the customer can double the binary option expiration time – “Roll-over” or set new parameters for the trade – “Double up”.
If you create your own trading strategy and the provided expiration dates and methods of orders execution are not suitable for you, then you are given the “Designer” mode, where you can pick up your own exclusive settings for binary options trading.
As mentioned above, the access to educational materials depends on the status of the opened account. However, even the "basic package" gives traders the opportunity to obtain the knowledge which will be enough to start trading binary options. In general, education in Dragon Options is held at the professional level. Clients are provided with online courses, educational materials, tutorial videos, trading strategies, money management techniques and all the things that will help improve their own trading skill level and develop professional trading skills.
Support service 24/7
Technical support is provided by Dragon Options on 3 languages (English included) and is arranged in a form of chat, phone calls and email.
What are Dragon Options pros and cons?
- minimal deposit of 250 USD;
- best technical maintenance;
- uninterrupted communications with the trading server;
- a sufficient level of security of trades;
- the possibility of insuring trades;
- a wide range of trading instruments;
- the availability of bonus programs;
- good quality of education;
- minimum trade - 1 USD.
Only one drawback can be mentioned:
- the lack of demo account availability.
Dragon Options is quite a professional brokerage company that provides a decent range of trading instruments and great terms of trading. The presence of various bonus programs allows traders to start profiting even without starting to trade. Broker trading platform meets all technological and trading requirements, and the level of training gives you the opportunity to achieve a good professional trading level.