4 stars based on
They are therefore not legally allowed to accept UK traders. UK visitors are advised to check our brokers table for a regulated brand, authorised to provide binary options in the UK. Option have generated a high number of complaints and should not be used. Option are a new innovative binary options broker, founded in by trading professionals from Sweden and Germany. The Option platform is owned by Altair Entertainment N.
The firm have just released a completely rebranded website, which offers an exceptional customer experience. Option put a lot of effort into reassuring their traders about the security of their funds, and also provide some unique trading tools and extensive training videos and tutorials. The main feature that will convince traders of the aim to focus on customer service however, is the quick withdrawals.
Option will approve any withdrawal made before The Option trading area is very simple, and very clear. Five tabs across the top of the screen make selecting the type of options easy the five types are explained in more detail below.
The menu list below and to the left, allows traders to choose the asset class they are interested in. All very simple and intuitive. A simple and useful idea, but at present, only available at Option So the Buy and Sell buttons are both yellow — in keeping with the site design.
They remain absolutely clear for traders, and the strike price is still made clear in a field between the trading buttons. The payout is also listed at the top right of the trading area, and this can be tailored if the trader so desires. So there is the option to reduce the payout where an option finishes in the money — but ensure some of the initial investment is returned.
In addition to the short term expiry times more frequently associated with binary options, they also offer much longer term expiries. Some can stretch to as long as two months. These longer term expiry times really open binary options up to traders who prefer to make long term assessments of value — or use binaries for hedging.
So those who like to use the fundamentals to make value calls on stock prices, may find Option a good fit. All expiry times at Option use GMT as the relevant time zone. While the trading area is uncluttered, it does lack some of the information that other platforms include. Some traders may prefer having the ability to trade with four windows at once, others might like to see some of the other information that is available in other trading areas. It is down to personal preference.
Option offer options on forex, commodities, stocks and indices. Their asset list is one of the most comprehensive in the binary options sector.
Coupled with varied expiry times, the firm really deliver a flexible binary options experience. The Option mobile app was last updated in October and is compatible with android version 2.
The trading window operates in exactly the same way as the full website version. So the assets, and option types are listed along the top of the screen, and once selected the trading window displays beneath — listing expiry times, payouts and the current option price.
Outside of the trading window, the app features a great range of facilities that will allow traders to operate their account fully, from anywhere. These are the functions that can sometimes be overlooked when mobile apps are developed, but Option have produced a well rounded application. Option offer a variety of deposit and withdrawal options. A key aim of Option is to approve all withdrawals made before This is a bold commitment, which ensure clients do not experience any delays beyond those imposed by the banking industry.
Withdrawals are one of the main areas of complaint for some traders, so it is noteworthy when a broker acknowledges this potential problem area, and takes steps to improving their service in that area.
Withdrawals can be made to a credit card, wire bank transfer of cheque. Deposits can be made at any time. Option use Comodo SSL to ensure payment information is encrypted and secure.