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Rating: 4.5/5 (2 votes cast)

TopOption Review

TopOption.com, located in Cyprus, is a binary options innovator owned by Safecap Investments Ltd, a financial services provider. It is regulated by Cyprus Securities Exchange Commission (CySEC) and FSB.

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Accounts and Platforms

TopOption has three different accounts to choose from. The Starter Account requires a minimum deposit of $100; the Pro Account needs $1000 to open and a deposit of $5000 is required for the VIP account. One of the features of the VIP account is assistance during off trading hours which the other two accounts do not. All three accounts are accompanied by opening bonuses, 1-on-1 training, eBooks and personal account managers. There are no commissions or fees for any of the accounts.

The minimum trade is $10. There are no fees or commissions on trades. The different types of trades have different payout ratios, the highest of which is 500%. The average ratio is 85%.

The TopOption binary platform was designed to make online trading easy both for beginner traders and experienced ones. There are more than 180 assets to choose from, nice payouts and a host of trading products and tools. TopOption offers standard options such as 60 Seconds and One Touch as well as  ProOption, Binary Builder, Trader’s Choice, and a buy-out option. Added to this list is a host of advanced trading tools, such as “Rollover”, “Sell Option”, “History Graph”, “Stock Pair” and others.

No download is required for either the TopOption Web or Mobile platforms. Both  offer instant access and trade execution for traders at every level.

Included in the 180 tradable assets are currencies, stocks, commodities and indices.

Education

At the TopOption Academy, account holders have access to a choice of multi-media training tools such as video training, 5 different e-books, webinars, dedicated support and more. Also available from the is an economic calendar, both daily and weekly reports and streaming news.

Bonuses and Promotions

At the time of this TopOption review, the brokerage was offering welcome bonus of up to 100% on a deposit of $500. Anyone depositing $200 receives a 50% bonus, allowing the trader to trade up to $300 immediately upon opening an account.

Customer Support

TopOption offers customer support in several languages and provides personal assistance for all traders. Customer support is available through Chat, email and telephone from a long list of toll free numbers in nine different countries.

All in all, I found the TopOption site clever and easily navigated. The design was clear and colorful and the pictures were fun to view.  I missed having the option of opening a demo account but there are many binary option brokers who do not offer this feature.

AdvantagesDisadvantages
180 Assets to choose fromNo demo account
Nice website

 

TopOption Review, 4.5 out of 5 based on 2 ratings
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.