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Rating: 4.0/5 (1 vote cast)

OnlyOption Review

OnlyOption is really a new kid on the block, having just opened its doors in 2015. It is powered by Markets.com and that is enough reason to have a serious look at this new broker.

OnlyOption is owned by Safecap Investments, LTD and is regulated by the Cyprus Securities Exchange Commission (CySEC). It is also registered with financial regulators in the United Kingdom, France, Italy, Spain, Netherlands, Germany, Sweden, Denmark, Hungary, Slovakia and the Czech Republic.

OnlyOption Home Page

OnlyOption Home Page

Accounts

OnlyOption offers traders a choice of three different accounts. The Starter account requires a minimum deposit of $250, the Pro account $500 and the VIP account starts with a minimum of $2500.

There are no fees for opening any of these accounts and all three accounts offer various risk management tools, an e-video library, 1-on-1 training and an account manager.

In addition, the VIP account allows off trading hour assistance as well as SMS signals.

The OnlyOption website is user-friendly and opening an account is easy. There are over 180 different assets to trade including currencies, commodities, equities and indices.

Platforms

At the time of this review, WebTrader was the only platform used for binary option trading and unfortunately, it was available in web format only. OnlyOption promises to make their mobile version available within a short time and it will be accessible on Androids and most smartphones.

Since Markets empowers OnlyOption, the platforms for both are the same and all the information I was able to find was from the markets.com website. The WebTrader binary options platform is a popular platform and is used by many leading binary options brokers. It offers modern charting software with easy access to indicators and the ability to make changes on the chart.

There is a choice of trading options of various levels starting with the Classic Option and including the One Touch, 60 Second, Touch/No Touch and Trader Pro options. The Touch/No Touch option includes tools such a Rollover, Double-Up, Sell Option, History Graph and Trade Confirmation while the Trader Pro offers technical analysis through advanced indicators such as MACD, Fibonacci, Bollinger Bands and RSI.

Education

OnlyOption provides educational instruction through its many videos geared towards binary options traders of all levels. The videos are entertaining and informative and cover material on both basic and advanced topics. One of the many video series covers Binary Strategies and the strategies covered are ones I had never heard of before and which have the most unique titles: Zigzag, T-Chaser, Tunnel, Fishing Strip, Fibo Trap and others.

Market indicators are listed on the OnlyOption Economic Calendar which is clearly laid out and contains a detailed listing of each of the main market-shaping events taking place in the days and weeks ahead. There are also several interesting e-books available for account holders.

Contact with customer service is available via telephone to over 20 different locations worldwide and through email and Chat.

All in all, OnlyOption has a lot to offer and with time should turn out to be a leader in the binary option arena.

AdvantagesDisadvantages
Empowered by Markets.comWeb platform only
Choice of accountsNo mention of demo account
No bonuses
OnlyOption Review, 4.0 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.