TopOption Binary Options Broker
FCA MIFId SySEC
Choosing TopOption among the Internet advertising slogans of other brokerage companies the trader gets a lot of exclusive privileges. Why? Because the said company is one of the few which are regulated in Europe, providing excellent trading conditions, high-tech trading platform, professional real-time support, high payouts, unique trading opportunities as well as a range of other services that can raise the company's customer to the ranks of professional and successful traders. However, first things first.
TopOption Company is, in some way, an innovator in the sphere of binary options trading services delivery. The company offers easy-to-use and intelligent features, flexible configuration of which would make trading as convenient as possible both for market professionals and beginners. Individual approach to each person gives privileges and affects trading quality.
The company offers more than 180 assets the payments for which often exceed all of such services competitive offers. A variety of trading tools allows generating risk-free investment portfolios to help the trader withstand any market hardships. Advanced functions of the company include “stock pairs”, historical charts and buy-back possibilities. In addition, there is a wide variety of trading ways being able to bring the maximum benefit at any traded instruments prices fluctuations. Company’s trading platform does not require a download and is ready for instant use. At the same time, professional technical support leads the company towards the highest levels of customer security. Broker's trading servers and client terminals are inaccessible to any form of external interference and all trading conducted by traders is as protected as the banking secrecy
Terms of trading
- Profitability - from 70% to 200%
- Loss recovery - No
- Minimal deposit - 100$
- Minimal stake - 10$
- Demo account – No
- Mobile version – Yes
- Education – No
TopOption decided not to burden its clients with filling in complicated registration data. That is why the trader is already considered a client of the company after filling in a few lines of the electronic form. Depositing is the next step on the way to begin trading. However, a wide selection of offered payment systems provides the ability to quickly transfer funds into your trading account and start trading. Account verification is not obligatory at this point. Trade and make profits, you can leave verification for later time – till the moment you decide to withdraw the earned money.
TopOption trading platform is certainly not an in-house development but software purchased from another vendor. However, everyone is engaged in their own work and the use of other people's professional achievements on a fee basis is a common process. However, the trading platform is functional, intuitive, reliable and quite pleasant from an aesthetic point of view. At the same time the options enabled are quite serious, and the presence of extended expiry terms selection allows active building and using trading strategies.
Main platform advantages are:
- being simple and intuitive;
- the presence of the possibility for building your own expiration dates and trading technology;
- nice, not burdening interface;
- instant terminal response for trade orders;
- perfectly matched trading tools;
- the ability to trade multiple windows;
- SLL security protocol.
Let us highlight the drawback:
- the lack of technical indicators.
In addition, let us note that the most active traders may continue trading outside of their home using the available TopOption trading platform for mobile phones.
Vast selection of assets (total of 180)
1. Commodities: gold, silver, platinum, copper, etc. (12 pieces in total).
2. Currency pairs (Forex): 24 items.
3. Indices (global exchange): NASDAQ100, DOW JONES INDUSTRIAL AVERAGE, Nikkei225, DAX, CAC 40, FTSE100 (total of 26 items).
4. Stocks (global exchange): 49 largest companies in the world (Commerzbank, China Mobile, Microsoft Corporation, Facebook, UniCredit, Deutsche Bank, HSBC, Intel, and so on).
Also, TopOption offers trading in numerous variations of paired options quotes, comparing various combinations of commodities, currencies and indices with each other.
A wide range of trading instruments allows each trader to create their own investment portfolios with a thought out use of which their risks might be diversified to zero.
TopOption Company is one of the few that offers doubling the amount of the initial deposit. So, registering an account and depositing a minimum of 200 USD, in reality, the trader starts trading with the 400 USD trading account. If the client decides to deposit additional funds to the account, then each new addition will be complimented by 50% in addition to the contributed amounts. These funds are not given as a present by broker and each trader needs to get them "traded" – to generate a certain trading volume. That is the only way to make funds become client possessed.
Types of options
TopOption broker offers the following option types:
1. Binary - a classic binary options trading undertaken by simple prediction of the price movement direction. Higher or lower. At the same time it does not matter how many points will the quotes move. The important thing is for them to be in accordance with the purchased direction of movement at the time of binary option expiry. Just one point is enough for you to become a winner.
2. Construction – vast opportunities to set up trader’s own expiration dates and locking in contract profits technology. This type is suitable for those who are developing their own trading system.
One Touch - predict the opportunity of the price touching the proposed levels. To make a profit you just need to specify whether the price will reach the level during the life of the order.
60 sec. - high-frequency trading with a 1 minute period of expiry. All you need to get the profit is to specify the direction of price movement within the next minute.
PRO-OPTION - a completely new phenomenon for binary options. Trader chooses two assets and predicts which one will work better.
TopOption pays sufficient attention to the professional development of its own customers. That is the reason the broker posted materials for traders’ self-education. So, anyone can take advantage of teaching materials in the form of e-books, video tutorials as well as webinars conducted by broker specialists. At the same time, the system is designed in a way that a novice trader not having any knowledge of the specifics of binary options trading has the ability to comprehend the basics of the trading skill. At the same time professionally trained traders can choose the materials while skipping the initial level.
Support service 24/7
TopOption Company is constantly in touch with its traders. Customer service is available around the clock, 7 days a week. There are 10 of the most common languages (including English) offered. Any questions relating to binary options trading will be answered by professional experts of the company. In addition, the TopOption Company policy tells that professional traders are selected as consultants, who understand the financial services topic instead of just being able to carry on a conversation with the client.
Convenient deposit and withdrawal of customer funds
In general, the company offers the widest range of opportunities to deposit funds. However, there are the most popular at the moment payment systems, such as Visa and MasterCard, available. If you prefer online payments, then the deposit can be replenished by Skrill, CashU and others, as well as with other less popular systems. Depositing funds via electronic payment systems is instant. Withdrawal has to wait for 3 days. However, let us remind that users not being verified will not be able to withdraw. In any case, it is necessary to send the broker scanned copies of your identity document.
What are TopOption’s pros/cons?
- minimal deposit is 100 USD;
- minimal trade – 10 USD;
- time-tested trading platform;
- constant broker server connection;
- great security, supported by SSL protocol;
- a very large and well-balanced selection of trading tools;
- intuitive trading process.
The cons to be mentioned:
- the lack of technical analysis.
TopOption Broker is a subsidiary of the «Markets» financial giant, that fact alone already creates the image of a professional broker. It really is so, because the analysis of the terms of trading, of the financial instruments list and options needed to trade states that TopOption provides really exclusive, in a way, conditions for its clients. The availability of bonus programs allows traders to double their deposit from the very first days and to get it complimented with a welcoming bonus for each new replenishment. The high status of the broker is confirmed by the licensing and regulation by international regulators.