|TopOption is one of the first binary options brokers (since 2008). This broker does not accept US traders.
|Promo: First Depositor Bonus||» Sign up now|
When it comes to finding the best broker to work with, there are plenty of choices out there. Some people can find this sheer range overwhelming. Top Option is our pick to be reviewed because of the amount of positive feedback it has been getting from its traders in recent days.
They have a reputation for being a good, fair broker that consistently gets good reviews. The broker also offers a ton of special features and benefits to the traders that work with them. Top Option has been online since the year 2008, making it one of the first ever to offer binary options trading on the internet to its users. Check out our detailed review of this broker and see if it is the right choice for you!
Special Features and Account Types
The maximum returns for normal trades can go as high as 82% to traders at Top Option. The minimum deposit amount to open an account is also one of the lowest we have seen at $100. The minimum investment per trade is $5 and the maximum is $4000. Deposits and withdrawals can be made in 4 different currencies. Traders from the US are not supported because of the regulations that the broker is required to stick to.
Top Option doesn’t have a lot in the way of account options. This makes it a lot simpler to work with them when you are a novice in the binary options trading game. There are 3 major account types available with this broker, and they are designed so that your needs will be satisfied no matter what it is that you do it for: a hobby or a living. Each account type requires a certain minimum deposit amount to be unlocked.
The starter account, for example, requires a deposit from $100 to $249. There are no fees or commissions, access to ebook learner series, a starter guide, market updates, and risk management tools.
The Pro Account is made for investors who can deposit anywhere between $250 and $999. It has all of the benefits of the Standard account. In addition to this, an advanced guide to options trading is provided along with a personal 3 hour training session on strategies that you can use. An account manager is also assigned to you to help you when you need it.
A VIP account is for deposits fom $1000 to $5000. It is the highest account level available. It has all of the features that the Standard and Pro accounts have as well as a few more. For example, you get to enjoy guides, unlimited amounts of training sessions, customer support 24/7, access to mobile trading signals and more.
Security and Licensing
The Top Option broker is one of the few brokers that are licensed by CySEC, the Cyprus based agency that is one of the most well-known regulatory authorities in the world. This makes it incredibly reliable when compared to the other brokers out there. Since the main focus of traders is to make sure that their identities and financial details are safe, this license is a great deciding factor. In addition to this, their site is very highly secured indeed, with HTTPS and SSL encryption at every step.
Top Option uses the SpotOption trading platform to conduct their business. This is one of the most popular platforms out there. It is modified to suit the Top Option site and provide traders with the best experience. It is menu-driven and simple to learn. The platform offers trading options from High/Low, One touch, 60 Seconds, Long Term, Meta Charts and Pairs. You also get to use the Option Builder feature that allows you to take a type of option and use it on any assets that you want.
Deposits and Withdrawals
One feature that customers look for is the security of their money after having made an investment. Top Option’s transactions are done via banks in England, Switzerland and Germany. Deposits and Withdrawals can be made using credit cards and debit cards as well as online wallet systems. These include Visa, Mastercard, Diners Club and WebMoney. You can also get your payments using a bank wire transfer.
Overall, Top Option is one of the most secure and well-licensed brokers out there. Trading with them is a fun experience that will leave you wondering why you considered anything else in the first place!