TopOption video review:
Owned by Safecap Investments Ltd, a financial services provider that is regulated by Cyprus Securities Exchange Commission (CySEC), TopOption is one of the latest binary options brokers that have ventured into the competitive world of binary options brokerage. Backed by strict technological security protocols, TopOption aims to offer their clients a secured and regulated trading environment for binary options trading.
For the conveniences of their clients, TopOption provide two types of trading platforms for their clients. The main trading platform is web based which requires no software download for it to function.
The second type of platform is a mobile trading platform which allow traders to trade from anywhere with internet access on their mobile devices.
Both these platforms are not only simple to use but efficient as well. Regardless of whether you are a novice or seasoned trader, you won’t find yourself stumbling around the navigation interface looking for the various functionalities of the trading platform as all the button are clearly self explanatory.
In addition to being simple to use, ToopOption’s trading platform also offers some unique features which are normally not found on other trading platforms. These features include:
- The History Graph Feature
- The Rollover Feature
- The Sell Option Feature
- The Trading Confirmation Feature
Types of Trades
At TopOption, traders have a choice of five types of trades that they can make with binary options.
- 60 Seconds
With the 60 seconds trade, a trading transaction is completed in just one minute. This type of trade is ideal for those who wish to get a return within a couple of minutes.
- Classic Binary Options
This is by far the most popular types of trades that the majority of the traders are engaged in. Simple and yet exciting, trades can be completed with just three simple steps.
- One Touch Binary Options
With the One Touch Binary Options, traders can easily profit with payouts as high as 500% if their predictions turn out to be correct.
- Option Builder
By using Option builder, traders can take control of some of their trading aspects. Option Builder allows traders to determine their own risk ratio by letting them modify the percentage returns of the trade expiry outcome.
The ProOption trade is an entirely new thing in binary options trading. So far, only TopOption offers this type of trades to traders. Here, traders to select two assets and face them off in a trade.
There are three types of trading account at TopOption with each having their own set of benefits and bonuses for traders. The types of trading accounts include:
- Starter Account (Minimum Deposit of $100)
- Pro Account (Minimum Deposit of $1000)
- VIP Account (Minimum Deposit of $5000)
Depending on the types of trades, the payout ratio at TopOption can go as high as 500%. However, the average ratio is around 85%.
One thing which traders at TopOption will never run out of is the number of instruments which they can trade in. With an extensive list of 180 various instruments, TopOption has the market well covered. Below is the list of assets which are available at TopOption.
GOLD VS OIL
GOLD VS SILVER
TEL AVIV 25
APPLE VS AMAZON
APPLE VS GOOGLE
ARABIAN PIPES COMPANY
CITIGROUP VS AIG
GOOGLE VS BIDU
JP MORGAN CHASE
LAS VEGAS SANDS
SAUDI ARABIAN REFINERIES
TEL AVIV 25
Despite being a relatively new operation, TopOption’s customer support is commendable. In addition to regular numbers for clients to call for support, TopOption provide not just one toll free number but nine toll free numbers for the following countries:
- Australia (+61-1-8002-60171)
- Austria (+43-8-0000-5661)
- Belgium (+32-8-003-8741)
- Cyprus (+357-2-222-2039)
- France (+33-8-0510-0671)
- Italy (+39-80-096-9112)
- Netherlands (+31-80-0020-1492)
- Spain (+34-80-030-0355)
- UK (+44-80-0170-0124)
Traders can also reach customer support through email or live chats.
In terms of reliability, TopOption takes its reputation very seriously. Regulated by CySEC, TopOption is a member of the Cypriot’s Investor Compensation Fund. The fund provides insurance coverage of up to €20,000 per client in case TopOption runs in liquidity problems. Apart for this, the company’s operational funds are segregated from the clients’ trading funds. To prevent the integrity of the trading platform from being compromised by hackers, all internet data are encrypted.
To summarize, TopOption offers their clients several distinct advantages of dealing with them.
- Comprehensive Trading Tools
- Convenience of Mobile Trading
- Efficient Web Based Trading Platform
- Exciting Product Range
- Good Educational Center
- High Bonuses Of Up To $2500
- High Returns
- Regulated Broker with Insurance Compensation Fund
- Wide Diverse Asset List
Apart from being a new broker, TopOption exhibited no obvious flaw with their system.
Overall, with all the benefits and features of their trading platform, TopOption is worth a serious consideration as a broker for those who are interested in trading with a regulated broker. At present, Cyprus is the only European Union (EU) member that tightly regulated binary options trading. The majority of the EU countries have yet to fully comply with the MiFID issued by the European Parliament for the harmonization of the EU financial markets