Top Option is the new binary options broker that has caught the attention of some traders lately, both newbies and experienced. In case you want to know what it’s all about before investing your money, you have come to the right place. We have performed a thorough investigation and analysis on Top Option and presented a clear picture of this system before you. Read further to find out what it has to offer.
Introduction to Top Option
Top Option is a fully licensed and regulated binary options trading platform that has been designed with the purpose of making online trading accessible for every kind of trader, even if he has a limited finance background. It is based in Cyprus, and the license number under which CySEC regulates it is 092/08. It is owned by Markets.com which already enjoys a great position in the broker’s market. It is offering an extensive range of trading tools and products to make trading easy and profitable for all. You will see features such as Buy Me Out, Double Up, Rollover and Insurance on the platform.
TopOption has its global headquarters located at 6 Dragatsaniou Street, 7th Floor, 10559 Athens, Greece.
The minimum trading deposit starts from $100. The deposit methods which are accepted by the broker include credit card, debit card, wire transfer, FastWire, and WebMoeny. You can trade in USD, EUR, GBP, CAD, JPY, or ZL.
Account Types & Deposit Amounts
A trader can choose to sign up for the following account types. As soon as you sign up, you can claim your free welcome bonus. The Pro and VIP account holders will be provided with generous promotions and some valuable binary options features and trading tools.
- Starter Account
The initial deposit starts from $100. The free welcome bonus ranges up to $250. You are not charged any fees or commissions on the sign-up. Some of the options that you will get access to are an account manager, the web and mobile platforms, risk management tools, a starter’s guide, introduction to one on one trading, e-video library and more.
- Pro Account
The minimum deposit starts from $1,000. You will get up to $4,000 welcome bonus. There are no fees and commissions on the sign-up. The features that you will get access to include professional account manager, the web and mobile platform, risk management tools, starter’s and advanced guide, 3 hours one on one trading, e-video library, newsroom, alerts and updates and more.
- VIP Account
The minimum deposit for this account starts from $5,000. There are no fees and commissions on the sign-up. You will get up to $2, 500 welcome bonus. Other features that you will get access to through this account are a specialist account manager, the web and mobile platforms, risk management tools, starter’ and advanced guide, unlimited one on one trading, e-video library, newsroom research, off trading assistance, investor compensation fund and more.
Top Option trading platform is providing some options such as high/low, option builder, one touch, 60 seconds and Pro option. If you are looking for fast trading, you can trade 60 seconds options. If you are a newbie, and you want to take it easy to enjoy long term options, then you can go for the high/low option. If you are looking for customizing your expiry time, you can choose Option Builder. With One Touch, you get another way to trade and take a chance to earn up to 560% profits. Lastly, with Pro option, you will get access to advanced chart view, giving you a better idea of what is happening in the real time.
The trading tools and resources that you will find at Top Option are:
- Rollover: This tool lets you stay in the trade for longer than the expiration time to win more
- Double up: You can double up your investment amount and the profits more earning money
- Early close: If you want to get out of the trade early, this option is meant for you. It lets you conserve your money, reduce your losses and increase the percentage ratio.
The payout ratio is 85% for most of the options you will be trading in. You can also set the out of money refund starting from 0 to 10%. In case you are trading with One Touch options, the payout can get as high as high as 560%. The trader will have 150 different financial instruments to choose such as stocks, commodities, indices, forex and more.
How to trade with Top Option?
Getting started with Top Option is simple. You have chosen the asset that you like from the drop menu. Then you have to select the invested amount and decide the expiry time for your trade. You will get access to an alive graph that will show the movements of your asset in real time. It will help you make evaluations before you even invest. After this, you must click on one click trading to make your trade execution faster. You can either go UP or DOWN, depending on what direction you think the asset will move in. You can keep track of the trade on the live graph and keep follow up with the progress of your investment. You will constantly be monitoring all the open and closed positions.
Top Option Products
These binary options brokers are providing the following products to the traders:
Trading is done in 3 simple steps. First, you have to select the asset and the choose CALL or PUT option. After this, you have to choose the amount you want to trade.
It is a user-friendly tool that has been designed to strengthening the strategy and skill set of the trader; it lets you view the history of the asset, double up the mid-trade, delay the exit, pick any two assets and make them face against one another.
It is the hit the hot spot feature. All you have to do is trade by a single touch. You will be reaping the returns if your asset reaches the target, making your payout reach up to 500%.
Here, the trader decides whether or not his asset will be reaching the set price point before the expiry. All you have to do is predict whether or not the asset will be hitting the target.
Every second counts with the speed master. It lets the trader experience the thrill of trading at the top speed.
Why Trade with Top Option?
Here are some of the wonderful features that explain why you should be trading with this binary options broker:
- Web-based platform
- High gains on each winning trade
- Advanced expiry options
- Mobile platform
- A wide range of assets to choose from
- Fast processing
- Live chat support
- User-friendly trading products
- Unique trading features
- Comprehensive resource center
Deposits and withdrawals
The process of depositing funds is easy. You simply have to follow three steps for this purpose. Log into my account tab and deposit the funds by selecting the payment methods using a relevant credit card, wire transfer, and even the e-wallets. The minimum deposit which is required to trade is $100, and the minimum investment required to open trade is $5. No third party deposits are accepted by TopOption.
You have to make a withdrawal request to withdraw your funds. The withdrawals will be processed by the same bank which you used to make deposits. In case you have a joint account, you will have to make a withdrawal request by filling a form that requires all the account holders to submit personal information. The system does not charge any withdrawal fees.
Trading Training Academy
A complete Trading Academy is provided by TopOption. It has especially been introduced for the newbie traders. The Academy introduces you to binary options trading. All the common FAQs are already answered there. Other than this, the common terms of trading are explained extensively too. You will also have exclusive access to ebooks, webinars, and video library. Other than this, a complete resource center is available that features economic calendar, asset index, expiry rates, global market hours and the holiday trading hours.
The chat support feature of TopOption is awesome. The representatives are available around the clock to provide comprehensive assistance to the traders. You can contact the team through email and phone. Other than this, live chat support is also available so while trading, if you encounter any problem, then you can simply contact the team and get an instant response.
TopOption does not establish accounts to the residents of Japan, Canada, Australia, USA, and Russia.
Top Option is surely one of the most self-explanatory binary options brokers available so far. If you are a newbie, you are recommended to sign up here. The positive trading results are available already, and people have positive reviews about this broker too. Signing up here will not be a regretful decision. What are you waiting for? Let’s make some profit!
Do you know how to trade in the trending market? Check out the post from Binary Options Sheriff to learn more.
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