Top Option Binary Options Trading Broker Review

General Overview

Top Option is a new broker brand that specializes in binary options trading and is created by the reputed “MARKETS” broker. The broker belongs to Safecap Investments Ltd which is a company regulated by major financial authorities for many years. Established in the year 2012 and headquarters in Cyprus, TopOption has become a leading key broker in binary options market. It has procured its license option from CySec which means that the services so offered by the broker is practically undeniable with fast and guaranteed funds withdrawal. Please kindly note that TopOption does not accept traders from US.

Comparison of Similar Brokers

Assets Coverage

Top Option offers 4 different types of assets and they are discussed below under the following headings:

(1) Commodities: corn, coffee, gold, silver platinum, wheat etc

(2) Currencies: AUDUSD, EURJPY, EURGBP, GBPUSD, USDCAD, NZDUSD, USDZAR, USDTRY, USDSGD, USDJPY, USDCHF

(3) Indices: Tadwul, Strait Times, SSE180, S&P500, Nikkei225, NASDAQ, IBEX35, Hang Seng, FTSE 100, Dow Dubai, DAX, CAC, Bombay SE, ASX200

(4) Stocks: Sberbank, Tesco, Teva Pharma, TATA Motors, Petrobras, IBM, HSBC Holdings, Google, Gazprom, France Telecom, Fiat, Coca Cola, Citi Group, BNP Paribas, Apple, Amazon.

Types of Platforms

Top Option offers two different types of trading platforms for its clients, one is website based while the other one is for mobile devices like iPhone and iPad. It offers SpotOption trading platform for its customers. There is a wide range of options where one can invest like classic option, option 60 seconds and One Touch. There is an option builder feature available where traders can calculate the margins of ROI (return on investment) and associated risks. The platform gives clear information on how much money the trader stands to gain with each amount of money they wish to invest.

Bonus & Promotions

The most striking feature of Top Option is that the broker offers welcome bonus to all its new traders. However the bonus amount depends upon the account type so opened by the trader concerned. The bonus award point is mentioned below under the following points:

(a) More than 40% for VIP accounts (starting from $5500)
(b) 30-35% for Pro account holders (between $1000 to $4999)
(c) 25% for starters (starting from $1000 up to $999)

Deposits and Withdrawals

One can deposit as well as withdraw funds from TopOption through credit cards like Diner’s Club, Visa and MasterCard. FastBank feature is available but only for selected countries. International bank wiring of the funds is also available in foreign currencies. Some of the various E-currencies the broker deals with are Moneybookers, Webmoney, Liberty Reserve and Neteller. The minimum deposit amount to get things started is $100 and a trader needs to invest a minimum of $25 for binary options trading. All the credit card so used on this broker website needs to be verified and trader needs to obtain a secure code from their issuing bank concerned.

Customer Service

As regards the formation of customer, Top Option provides ample opportunities in the form of webinars, e-Books, training videos etc. The customer support is excellent and assistance is purely professional with one to one problem addressing feature available. As a trader one can easily access the customer support via email program, live chat option and international toll free telephone service.

Verdict

Top Option is indeed one of the sought after brokers for European traders and it are indeed a safe choice for both novice as well as skilled traders. It has carved a niche for itself across UK markets as well as in several other countries like Australia and Europe. Low starting minimum is another big reason to choose this broker. This is indeed a very good place where one can start binary trading with full confidence and expect high return on their investments.

 
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Steve Gardner

I am living in London. I am an e-entrepreneur. I have been working in the financial trading industry as a professional since 2003. I am a fan of Chelsea team. I am married. I like cycling.
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