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PowerOption Review

PowerOption, based in the Seychelles, is a newcomer to the binary option scene, but it has already gained quite a following in the binary options market. Founded in 2013, PowerOption uses the latest technology and has decades of experiences in the financial industry. Traders have the benefit of trading the financial markets without all the complexities normally associated with these markets.

PowerOption Homepage

PowerOption – Homepage

Features

There are five different types of trading contracts at PowerOption. The High/Low option is the most popular option to use and is the easiest. Traders simply choose an asset and decide if price will go up or down by the expiration time. With the One Touch Options, traders can trade from high market volatility with just “one touch” of the targeted price within a specified period.

The Range Options offer traders two predefined price ranges, one above and one below an asset’s current price. A trader selects one range and anticipates that the expiration price will fall within that price range. The last type of trading contract is the 60 Second Options which work just like a High/Low option but with an expiration time of just one minute.

PowerOption just added a fifth trading contract, Option on Demand. Traders can create their own option by specifying the asset they would like to trade and how long they wish the option duration to be. Each option has its own unique time of expiry based on its duration and time of investment. Option on Demand is a customized version of the type of High/Low option.

Besides the standard account, PowerOption offers traders a demo account. No additional information was supplied. Minimum deposit into the account is $250 which can be made via the accepted payment methods.

Education material at PowerOption is plentiful. A choice of instructional videos for both advanced and beginner traders, eBooks and an economic calendar are available to all account holders.

PowerOption offers welcome bonuses of up to 100% depending on the amount of the initial deposit.

Customer service at PowerOption is available 24/7 by Chat, email and telephone.

Trading Platform

The platform at Poweroption is powered by Avatrade, a popular name in the online Forex trading industry. Like most online binary trading platforms, PowerOption uses a web based platform as the mainstay of the trading platform. The interface of the platform is well designed with large graphical displays of key information all which can be access with minimal effort.

Traders at PowerOption can also trade with their iPhones and Android powered mobile devices and receive full access to all the markets, market trends analysis, live market quotes and single touch trade execution.

Conclusion

PowerOption offers traders a straight-forward platform and all the features needed to trade binary options with ease. Bonuses are available and a demo account is provided for novice traders.

AdvantagesDisadvantages
Demo Account ProvidedLimited Range Assets
High Welcome Bonus Of 100%
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.