The broker is based in Nicosia, Cyprus and it is licensed by the Cyprus Securities and Exchange Commission. It is owned by Safecap Investmtns Ltd., which also controls other Forex brokers such as Markets.com. There are a lot of brokers that have started to offer binary options lately, because of the trader’s demand for them.
Min. Deposit: $100
Trading Platform: KeyStone
US Clients: NoThis broker is a scam! Sign up with 24options instead!
TopOption Binary Options Broker at a Glance
TopOption review wants to distinguish itself by having an impressive number of assets for trade and also an impressive number of option types and features. Their goal is to appeal to both beginners and to veterans, by having an extensive education section and by offering a wide selection of instruments. This broker is unreliable and we would not advise you to sign up!
TopOption Reviews of Accounts
From the start, TopOption review found that there are three types of accounts: Starter, Pro and VIP. The accounts start at $100, $1,000 and $5,000 respectively. Each of them has different bonuses and perks.
Payouts can reach 85% and VIP accounts can even top that. This level of payouts can well make up for the risk. An impressive number of 180 assets are offered and they consist in: stocks, currencies, commodities and indices. It is important to note that every customer account has an insurance of €20,000 per client. High payouts are a sign of a scam broker, stay safe!
TopOption Trading Platform Review
The platform is proprietary and has a standard design. Like the platforms of most other brokers, it is simple and intuitive and doesn’t require download or installation, only an Internet connection.
There is also support offered for mobile devices such as iPhone and Android. There is a number of helpful features, such as early sell or rollover. This is useful for the trader to exercise the option at the time of the trade. Other features are trading confirmation, stock pair and history graph.
TopOption Reviews of Deposits and Withdrawals
The deposits can be performed with: credit cards, Liberty Reserve, wire transfer, Skrill, Web Money and Neteller. The withdrawals take a short amount of time to process. Documentation regarding identity and residence is required. There are no withdrawal fees, but there can be charges taken by intermediaries.
TopOption Customer Support
It can be reached 24/5 by means of phone, e-mail or live chat. The phone service is toll free and support is offered in multiple languages. They have nine lines that are toll free as well as nine regular lines as well.
TopOption Review Conclusion
It is one of the few brokers that have an EU license. Unfortunately TopOption doesn’t extend their facilities to US clients. An impressive range of assets is offered. The conditions are well above the industry average. The increased security offered by account insurance may also sway even the most conservative traders. In fact, all types of traders are encouraged to make an account on their site, because of the features and the types of accounts. The learning center is also above average. The payouts are some of the most competitive existent on the market. All these solid features in different areas make it clear that TopOption will undoubtedly reach the top, by distancing itself from the competition in this demanding and changing field.
Before the recent events, it was safe to trade with this broker. At this moment we claim that TopOption is a scam and we will not advise you to sign up with it!Open an Account with 24option instead