No1Options broker provides comprehensive trading styles for the novice and experienced traders. Their geography covers Germany, Hong Kong, UK, and other non-US countries. They do not accept US traders due to US CFTC regulations during the time of this review. There’s plenty to choose from and explore trading style, short and long terms when it comes to this trading platform. Some traders like short term trades only, 60 seconds – 30 mins, while others go long term or overnight. With this broker, a trader can choose or switch as their trading experience matures. There are no broker fees and commissions to trade binary options. Let’s review further details about this broker, their offer and SpotOption trading platform.
No1Options broker has 5 different account types – deposits ranging from £250 – £50,000. The basic account is perfect for students to start trading while they work their way through their education. For non students, the basic account deposit starts with £500. Based on the deposit amount and account type, a welcome bonus ranges from 25% – 150%. This provides an opportunity for traders to increase their trading volume. They do not provide demo accounts at this time unfortunately. No1Options broker has a great Chat support for any questions you might have.
Account Funding & Payouts
No1options broker deposit method are credit card, bank wire, skrill moneybookers, CashU, visa electron, webMoney. Their payment and withdrawal process are straight forward. Withdrawal takes upto 2 days for processing. Payout upto 80% for the traders. Their system is highly secured with SSL encryption for handling funds per our review.
Tools and Training materials
No1options broker provides one of the leading tools for trading binary options. Risk management tool is built within their trading platform for quick analysis and learning to review risk-reward ratio of the trade. They provide number of calculators like Fibonacci calculators for manual signal analysis. These are productive tools during our review that made a difference and set No1Options apart. They provide adequate training materials or review materials based on your account type. During our review we also found out that there’s account manager engagement based on the account type to learn from.
No1Options is hosted on a SpotOption trading platform which has a consistent look and feel for the experienced traders in binary options trading. Seamless experience! SpotOption is an innovative solution supporting multiple views to facilitate multiple trades. Our review revealed that the window supports various types of trading – Binary options (for currencies, indices, stock and commodities), Long term, Fast trading, Pairs, Ladder, One touch, Forex (newly added) and iFollow (copy the pro feature). Binary options expiry times are 15 – 30 – 60 secs, 2min, 5min, 15 min, 30 min, 1 hour, 24hour, >24 hour. The payout is clearly displayed for the trades on the screen.
No1options broker checks out for a solid, reputable broker to do business with based on our review. For US traders, choose a US friendly broker. No1Options do not support US traders at the time of this broker review. Look for upcoming reviews on US friendly brokers.
As a novice trader, do you know the essentials of money management? Do you know 70% of the novice traders fail in the binary options trading due to poor money management. Don’t be that guy/gal. Review our guideline and prepare yourself before it’s too late.