TopOption Review

As a relatively new entrant into the Binary Options market place, TopOption has quickly established itself as one of the bigger players.

The company is owned by Markets.com, part of the large SafeCap investment group. It is therefore perhaps no surprise that they have a well thought out and feature packed offering for traders. The broker is fully licensed and regulated under CySEC.

The company states that its objective is to offer a slick and innovative trading solution which offers the most extensive range of products and features to asset both professional and new traders.

Find out more now by reading our TopOption review below…

Key Features

TopOption offers a comprehensive solution that is centered around it’s web based trading platform. This platform is both simple to use and intuitive. It has all the key features you would expect to find from a top broker to enhance your trading.

There are a good range of contracts and assets for trading which should cover the requirements of even the most die-hard trader. Furthermore traders of different levels of experience are catered for by the variety of account levels offered. In particular new traders will no doubt welcome the low deposit required to open a Starter account.

The platform also offers a full complement of advanced trading tools. These include a ‘Roll Over’ and ‘Sell Option’ function. The Roll Over function allows you to extend the expiry time on your contract. This is a useful feature which gives you another opportunity  to end your contract in the money. The Sell Option feature lets you exit a contract prior to the expiry time at the current market price.

In addition you can access a number of trading eBooks, educational materials and daily and weekly market outlooks. These complete what is a reasonably good selection of educational resources that new traders in particular will benefit from.

Options Offered

• Classic Options - The standard High and Low digital option contract. Profit in just three easy steps.  Pick your asset, the direction that you expect it to move and add your stake.
• 60 Seconds - A fast paced version of the classic option contact. Profit from higher and lower moves in the price of an asset and receive your payout in under one minute.
• One Touch - Set a price level on an asset and receive your payout as soon as the level is hit. With these contracts you can earn up to a 500% return.
• Option Builder - With the Option Builder you can configure each part of your trade. Select the asset, the profit and risk level and then which way you expect the price to move.
• Pro Option - Provides additional trading tools to help you with refining your strategy. View the assets price history, delay the expiry or sell early. You can even trade two assets against each other.

Mobile Trading

A mobile trading platform is provided by TopOption allowing you to access your account and trade while on the move. This is becoming an increasingly important feature for many individuals who want to be able to both trade and manage key account functions while on the move.

Distinct Apps are available depending on which mobile platform you want to use. A dedicated Android mobile platform can be downloaded directly from the Android store.

IPhone and IPad users are also catered for. They can download a dedicated trading platform app directly from the iTunes App store.

Account Types

Three account types are open to traders each offering differing levels of features and bonuses. Accounts and the features you are get access to are based on the level of your initial deposit. It is worthwhile taking some time to think about your first deposit amount as some of the features on offer are quite beneficial.

• Starter - Minimum deposit $100 -Up to $250 Welcome bonus, Account Manager, Risk management tools, access to news and research, risk management tools, eBook starter guide and 1 on 1 training introduction.
• Pro - Minimum deposit $1,000 - As above but up to $500 bonus, advanced eBook guides, 3 hours 1 on 1 training
• VIP - Minimum deposit $5,000 - As above but up to $2500 bonus, unlimited 1 on 1 training, off trading hours assistance and trading central report and SMS signals.

Deposit Methods

Opening an registering your account is free. When come to making a deposit you can make use of a range of the most popular payment types to fund your account. These include Credit/Debit card, Fast bank transfer, WebMoney, Skrill and Neteller.

Withdrawals

All withdrawals made with TopOption are free. Processing time is quoted as a few days. The website notes that in ‘exceptional’ circumstances withdrawals may take up to 10 days.

Customer Support

One area where this broker does particularly well is in the amount of support options if offers to its clients. The website is available in a wide range of different languages including  English, Arabic, Spanish, French, Italian, German, Japanese, Polish, Czech and Russian. You can also access a Live Chat facility directly from the website.

Clients can also make use of the wide ranging telephone support provided. This includes 22 different regional contract numbers, 9 of which are provided toll free. Dedicated email addresses are also provided to put you in contact with different areas of the business including payment processing, verification and marketing.

Deposit Bonus

The TopOption deposit bonus is one of the more generous that you will find as a new trader. While promotions can and do vary, typically you can earn a 50% bonus on a deposit of $250 and a 100% first deposit time deposit bonus for opening your account with $500 and above.

If you decide that a bonus is the way to go, then those on offer here are quite generous. There are of course terms and conditions attached with any award. You should familiarise yourself with these before signing up to save any tears later.

Assets

• Indices – FTSE, DAX, DOW, NASDAQ, TADWUL, KUWAIT, BOMBAY SE, HANG SENG, SSE180, S&P 500, STRAITS TIMES, KL FUTURE, TOPIX,  NIKKEI 225, NIFTY, IBEX, ASX
• Currencies – EUR/ USD, USD/JPY, USD/CHF, GBP/USD, USD/CAD, EUR/GBP, USD/TRY, USD/BRL, USD/RUB, USD/EGP, USD/SGD, USD/ZAR, NZD/USD
• Commodities - Corn, Wheat, Sugar, Coffee, Oil, Platinum, Gold
• Stocks –  Apple, BIDU, BNP Paribas, Citigroup, Coca Cola, Fiat, Orange FR, Gazprom, Google, HSBC, IBM, Petroras, Tata Motors, Teva Parma, Tesco, Sberbank