SwiftOption Binary Options Broker
Swiftoption terminal trading security is provided with 256-bit encryption, gaining unauthorized access to the website and the trading area is simply impossible. The company’s selection of trading assets and options is large enough. Here you can find popular stocks and highly liquid currency pairs, the most informative indices and the most quoted products. At the same time, trading is provided by four most popular options that can satisfy any high-speed trading needs as well as provide a medium-term trading with excessively profitable trades.
Terms of trading.
- Profitability - from 70% to 250%
- Loss recovery – up to 10%
- Minimal deposit - 100$
- Minimal stake - 10$
- Demo account – No
- Mobile version – No
- Education – Yes
Registering as a client
You have decided to register at the company? It is simple. You just need one minute to become a client of the company, since it is only necessary to specify the name, phone number and e-mail address for registration. After that, you are a full-fledged client and have access to the trading terminal and all educational materials of the company. If you are going to start trading, then you need to wait to be redirected to the page of trading deposit funding. There you will find an appropriate enough number of ways to replenish. Basically, there is nothing special about it. At the same time, VISA and MasterCard are present alongside WebMoney and MoneyBookers. Thus, it is the necessary minimum which is a must for each binary options trading Brokerage Company in the European or American market.
As for the funding, Swiftoption has all the records broken. The company’s client has the ability to replenish trading deposit with Euro, Pound, the Brazilian real, the Russian ruble, the Japanese yen, the Australian dollar, the Canadian dollar and the African rand. This incidentally speaks about the company’s focus since broker’s representational offices are opened in many countries around the world.
Account verification is required the same as at other brokerage companies. One needs to send a scanned copy of his passport to support service to get it done.
Reliable trading platform
Swiftoption trading platform is a well known Tradologic terminal, which is not used by brokerage companies too often. This program possesses a more classic interface in comparison with its main competition, the simultaneous multiple windows trading is also impossible with this terminal. One has to switch window in order to choose another option or financial asset type. But let's not blame the developers for this, since this trading approach is used on purpose so that the trader can focus on trade and not switch his attention to other assets while skipping most important things about the traded instruments.
Furthermore, in the said terminal the selection of different financial assets (which are not too conveniently hidden in other terminals) is implemented in a different way. In Tradologic the trader has everything in sight and at his fingertips. Overall, this it a very easy to use and functional terminal, especially since it does not have all those annoying "slowdowns" and "freezing".
Advantages of the platform:
- the original "classic" style;
- excellent dynamics;
- 256-bit encryption of the information flow;
- a convenient selection of financial instruments;
- intuitive functions;
- good selection of expiration times;
- quotes from REUTERS, the famous liquidity supplier;
- quickly reacts to the traders orders.
- a lack of technical analysis tools;
- one window trading.
Swiftoption provided a total of 69 financial assets to its customers. The selection is not large enough, but a compilation of the assets was held with the "only the best" principle in mind. That is why one should not focus too much on their quantity. Especially knowing that the profitability of trading has never been improved because of the presence of a large number of assets in the terminal. There are 40 stocks, 12 currency pairs, 4 commodities and 13 indices provided.
Swiftoption offers the complimentary bonus of 100$ with the first deposit, which are added to traders account depending on the amount deposited. Also, the trader has to execute a set number of trades to use it.
Types of options
There are 4 types of options at Swiftoption:
- “digital” options – a classic binary options type, trading principle is simple prediction. That is, trading is conducted by selecting two options for future price movement direction. Trades "above" are executed, if a trader believes that the quotes of a financial instrument will start to increase, and the trade "below" is executed if the trader predicts the growth of the financial asset. At the same time, the number of points for this price movement does not matter. The main thing is that the price of an instrument must move by at least 1 point in the predicted direction at the moment of expiration. The profitability of this option is about 180%
- “turbo” options - options with a minimum expiration time. There are two of them at Swiftoption: 2 minutes and 5 minutes. They are identical with digital options considering trading technology. The only differences are the time of expiration as well as profitability, since it is fixed at 176% for this type of options.
- “Range” options. The main feature of this option is strike-levels, which are set by the brokerage company for each trade separately. So before executing the trade, there are price ranges set at a certain distance above and below the current price. In this case, the trader must make a bet if the price will reach a specified level during the existence of the trade. Profitability of this option is fixed to 160%.
- “Touch” options are similar in trading technology to the “Range” options. However, if in the previous type the price channel is set and the question is whether the price will stay within its boundaries (regardless of its movement direction), then in case of the specified option the trader must determine the price movement direction together with predicting the price level to be touched and broken through by the price. The profitability of this option is 160% -205%.
Education in Swiftoption is weak and that is easily noted. There is only a manual for beginners and technical and fundamental analysis introductory articles available on the website. This is all that is provided for traders by Swiftoption.
Professional support 24/5
The “phone call ordering”, online chat and e-mail exchange are the services provided by the company’s website. Support is available in 7 languages (the list includes English) around the clock. However, it is operating 5 days a week, except for the weekends. The quality of support should be evaluated “in practice”, however the manager kindly responded to any tricky even questions providing comprehensive information in the process of testing the service.
Deposit and withdrawal of funds
The selection of deposit and withdrawal methods is not wide. At the same time everything needed for banking is presented on the company’s website. There are the following services to be chosen of: Visa, MasterCard as well as WebMoney, CashU, Neteller and MoneyBookers. Deposit of funds is instant while the withdrawal takes 3 bank days. Moreover, withdrawal operations can only be held by verified clients.
- minimal deposit of just 100 USD;
- original trading platform with liquidity from REUTERS;
- a good selection of options and assets types;
- easy in/out transferring of funds;
- dynamic trading platforms;
- 256-bit encryption of information flows;
- sufficient selection of expiration times;
- complementary bonus of 100% of first deposit;
- intuitive and easy to use terminal interface.
- a lack of technical analysis tools in the platform;
- bad quality of education;
- a lack of multiple windows trading opportunity.
Swiftoption is a brokerage company operating exclusively to provide trading process. You will not find any quality educational information, economic calendars, trading signals or any other additional services at the website. The trader is provided with a functional enough terminal and decent trading options. With that said, one can come to a conclusion that the company is more focused on professional traders who are less interested in additional services availability than in good terms for trading.