Magnum Options More Images
Editor`s Rating:
Ease of Access
Platform Performance
Reliability
Customer Support
Overall
User Rating:
VN:F [1.9.16_1159]
Rating: 5.0/5 (1 vote cast)

Magnum Options Review

Magnum Options was founded in 2013 and in a very short time has become one of the best binary options trading platforms in the industry. The Magnum Options platform is user-friendly and is suitable for both beginner traders and advanced traders alike. The platform offers a wide variety of currencies, stocks, commodities, and indices. Magnum Options uses an address in Gibraltar and offers a toll free support number to Canada and the U.S. and as well as to England.

MagnumOptions - Home Page

MagnumOptions – Home Page

Features

There is only one account at Magnum Options and the minimum deposit to open an account is $200. There is also a maximum deposit of $1,000. The maximum payout is 81%, but on certain EUR/USA trades traders can make up to 170%. Bonuses are limited time offers and traders are required to execute trades to the value of thirty times their initial bonus funds. There is also a Refer a Friend program, where users are rewarded with monetary compensation for referring their friends to Magnum Options.

The One Touch option gives traders the opportunity to make 500% on his investment. With One Touch a trader does not have to reach the specific set price that was designated for the asset. Predicting price direction is not enough as the direction is already chosen within the option as is a target price. One Touch trades do not have to wait for the expiry time to settle. Traders can profit when the price of the underlying asset reaches or drops to the target price and touches it just once.

There is also the Option Builder which gives traders the opportunity to customize their own option, which is particularly useful for experienced traders who understand the market and would like more creativity when developing a trading strategy.

A unique feature offered by Magnum Options is that 10% of the invested amount is paid back to the trader, even if the option expires out-of-the-money. This benefit enables traders to make the more profits. This fits in with the aim at Magnum Options which is to make binary options profitable for all traders. It also embraces the reputation gained by Magnum Options for its dependability and assistance to its account holders.

There is also Rollover and Double Up features at Magnum Options and unlike many binary options brokers, U.S. traders are allowed to open accounts and trade at Magnum Options.

Deposits and withdrawals can be done in the usual manners including credit cards, wire transfers and various payment programs.
The Academy at Magnum Options offers several introductory, advanced and in-depth courses as well as a trading eBook to traders at all levels.

There are daily market news updates that keep traders informed about current financial events. The market news gives traders insight into which assets to trade and which assets are popular on any given day.

Platform

The Magnum Options platform has several unique characteristics. It is 100% web based so no downloads are needed. It is user-friendly and no previous trading experience is necessary. The platform uses the most up to date and advanced technologies available in the market.

Magnum Options offers over 150 trad-able assets including indices, stocks, commodities or currency pairs to choose from. A trader can also choose multiple assets to trade at the same time.

Conclusion

Magnum Options is fairly new to the binary options industry but has all the features to become a leader. The website is attractive and easy to navigate and despite there only being one account to choose from, the variety of options is impressive.

AdvantagesDisadvantages
Extremely high payoutNo demo account
Nice web designNo regulation
Magnum Options Review, 5.0 out of 5 based on 1 rating
Risk Disclaimer: Online-Binary.com will not be held liable for any loss or damage resulting from reliance on the information contained within this website including market news, analysis and Forex broker reviews. The data contained in this website is not necessarily real-time nor accurate, and analyses are the opinions of the author and do not represent the recommendations of Online-Binary.com or its employees. Currency trading on margin involves high risk, and is not suitable for all investors. As a leveraged product losses are able to exceed initial deposits and capital is at risk. Before deciding to trade binary options or any other financial instrument you should carefully consider your investment objectives, level of experience, and risk appetite.