Start Option Binary Options Broker
Start Option activity is regulated by CySEC and is generally focused on the countries of Western Europe and the Middle East. However, more recently, the broker began to appear on the market of the United States and Canada.
- Profit - from 70% to 400%
- Reimbursement - 10%
- Minimum deposit - $ 250
- Minimum Bid - $ 25
- Demo - account - No
- Mobile version - Yes
- Education - No
Registration process on the site takes only a few minutes. To begin with, you need to enter your personal details in the registration form and specify them on the page of the client’s verification. The account in the company can be opened in: the pound sterling, the euro and the dollar.
Trading in the company is carried out on the terminal Tradologic, which has slightly better recommendations compared with its popular competitors. The terminal supports multi-window trade, as well as a great set of assets. Simultaneously, the terminal is not suitable for professional trading since it lacks tools for TECHNICAL ANALYSIS.
The distinguished pros of the terminal:
- Available for beginners;
- A great set of financial assets;
- Security Web protocols;
Cons of the platform:
- Platform has insufficient number of options;
- There is no way to analyze charts quotations in technical terms.
Total financial assets at Start Option comprise 50 items, of which 19 shares, 9 currencies, 6 commodities and 16 indices. The selection is not large in comparison with some other brokers. At the same time it is sufficient to create a portfolio of assets in order to diversify risk.
Company Start Option offers up to 50% bonus on the first deposit. However, the amount of additions made to the funds is limited to 2500USD.
Types of options
Start Option does not please its customers with a wide choice of options for trading and provides only 1 option «Hi / Low», that is, the classical form of the binary option. That is very strange considering all the existing diversity of ways to trade binary options and fierce competition in the market of binary options trading.
Company Start Option does not train its traders on the site and this is quite a heady marketing ploy, since the presence of vocational training is the measure of the professionalism of the brokerage company from the very beginning.
Format support 24/7
Format support is 24/7. The broker supports 11 languages including English. To communicate with the broker you will be offered chats, phone calls and e-mails.
Deposit and withdrawal of foreign currency
It is possible to deposit funds in a company Start Option by VISA, MasterCard and payment system Moneybookers. Of course, these are the shortcomings of specialists taking into account the popularity and spread of other payment systems.
Pros / cons
First, we note the pluses of the broker:
- Deposit - only 250 USD;
- Quick and easy check;
- First deposit welcome bonus;
- The safety of a web-based protocol;
- Weighted compilation of financial instruments;
Among the few drawbacks:
- Lack of training;
- Lack of choice between the types of options;
- Trading terminal is not adapted to technical analysis.
Start Option is a company consisting of flaws and drawbacks. At the moment, there is a minimum standard of services without which no broker can be considered a professional. In almost all the main points that characterize professionalism, Start Option does not even reach the middle.