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Rating: 4.0/5 (1 vote cast)

UK Options Review

UK Options, managed by Worldwide Tech Limited, a subsidiary of Smartech Limited, is based in London UK and is a recent entry into the growing list of binary options brokers. Their trading platform can be used for private and institutional investors worldwide they provide their traders with high welcoming bonuses and a dedicated support system.

UK options Home Page

UK options Home Page

Accounts and Platforms

The first thing I noticed when I started the UK Options review was that there was no information about different accounts. The possibility of opening an account was mentioned but nothing more was available. I assume from this that there is only one standard account with a minimum deposit of $250 as mentioned in the FAQ section.

Be that as it may, UK Options does offer a choice of various types of options including One Touch, 60 Seconds and others. The One Touch option is beneficial for traders who believe that the price of an underlying asset will eventually go in the predicted direction but are uncertain how long the higher price will remain. With One Touch, predicting the price direction is not sufficient. The specific set price that has been designated for the asset must be reached. This makes the One Touch option a more challenging choice of binary option but the tradeoff is that traders can profit up to 500% if they choose correctly.

The ‘60 Second’ platform at UK Options gives traders the opportunity to trade short term with a 60 second expiry. Traders can also opt for options that expire in 30 seconds, 60 seconds or 120 seconds. At UK Options, multiple positions are also available.

Another trading option at UK Options is the Long Term option which enables traders to hold onto an option until the end of each month or until the end of the year. This option gives traders plenty of time to study their marketing abilities and make the right trading decisions.

Ladder options are unique options at UK Options whereby the trader chooses price levels that are spaced at equivalent time intervals during the lifetime of the option. With the Ladder option, more than one price level and more than one time period is set. For the trade to be successful, the asset has to have followed, or climbed, the rungs at specific times.

UK Options also offer Islamic trading accounts specially tailored for traders of the Islamic faith. There was no demo account mentioned.

Features

One of the best features at UKoptions is their news feed. Using Reuters, they report live and accurate data streams and clearly state the difference between real time market price, and option prices. They also provide expiry graphs for any given moment. The market review appears separately in its own box on the landing page.

At the Academy, educational resources are offered in the form of 1-on-1 training, eBooks, tutorials and online lessons on various topics such as trading strategies and advanced binary option trading. Their economic calendar is nicely charted.

Multilingual customer support is available 24/5 via Chat and email as well as by telephone to a number of different places.

The UK Options website is easy to use. Navigation is quick and most of the material is presented in a clear manner. The main item I found missing was the demo account.

AdvantagesDisadvantages
Large asset selectionNo demo account
Ladder options
UK Options 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.