- Focus Option Headlines
- Products & Assets
- Binary Options
- Trading Platform
- Mobile App
- Payment Methods
- Account Types
- Demo Account
- Pros Of Focus Option
- Cons Of Focus Option
- Additional Features
- Customer Support
- Focus Option Verdict
- How Can I Trade With Focus Option?
- Does Focus Option Offer A Demo Account?
- What Markets Can I Trade With Focus Option?
- Which Countries Are Permitted From Opening A Focus Option Account?
- Where Can I Find More Information About Focus Option?
Focus Option offers trading on 140+ instruments with payouts of up to 90%. The online broker specializes in crypto binary options. Traders can also speculate on forex, stocks, indices and commodities via a browser-based platform and mobile app.
This 2023 review of Focus Option covers the broker’s live accounts, deposit fees, trading spreads, welcome bonuses, and more. Find out whether to sign up with Focus Option today.
Focus Option Headlines
Launched in 2021, Focus Option Ltd. is a binary options and CFD broker based in Kingston, St. Vincent and the Grenadines.
The brokerage offers one of the largest selections of crypto digital contracts. The deliver access to Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP), alongside a long list of emerging tokens and stablecoins.
New traders can test the broker’s products and services with a $10,000-funded demo account. Alternatively, investors can open a real-money account with a $10 minimum deposit.
There are four account tiers available. Active traders can benefit from additional perks. These include faster deposits and withdrawals, real-time signals and market analysis, plus access to exclusive VIP events.
Focus Option does not hold a license with a trusted financial regulator, such as the Cyprus Securities & Exchange Commission (CySEC) or the UK Financial Conduct Authority (FCA).
Products & Assets
Focus Option offers straightforward high/low binary options. Clients simply predict whether the value of an asset, such as Bitcoin, will be higher or lower than the current price when the contract expires.
If the trader’s prediction is correct, they win a fixed payout. If their prediction is incorrect, the user loses their stake.
Binary options contracts are available on a range of underlying assets:
- Cryptocurrencies – 77 coins, including the largest tokens by market cap
- Forex – 23 currency pairs, including EUR/USD and GBP/JPY
- Stocks – 36 shares, including big names like Apple, IBM and Exxon Mobil
- Indices – 5 indexes, including Dow Jones, S&P 500, Dax, and NASDAQ
- Commodities – 4 precious metals and energies: gold, silver, oil and gas
Contract expiry times: 30 seconds, 1 minute, 2 minutes, 5 minutes, 15 minutes, 30 minutes, 1 hour, end of the day, and 1 week.
Contracts for difference (CFDs) are also available, though the pool of assets is smaller. Leveraged trading opportunities also vary between assets. For example, leverage on crypto CFDs ranges from 1:2 to 1:5.
Leverage on forex pairs is higher. Rates up to 1:50 are available on major pairs like the EUR/USD.
Spreads are fairly competitive ranging from 0.1 pips to 3.0 pips.
Focus Option offers a user-friendly, browser-based trading platform, meaning no software download is required.
The estimated payout is displayed clearly at the top of the terminal while a trader sentiment indicator is available in the bottom-left-hand corner, helping users to gauge the market mood.
Several technical indicators can be overlayed onto price charts, including pivot points, average true range and the stochastic indicator. Multiple charting views are available, including Japanese candlesticks and line graphs.
In addition, users benefit from the latest financial news, including reports from major financial institutions and rates from central banks.
To execute a trade, clients simply need to input their stake amount, the expiry time and whether they want to go high or low. This means clients know how much they stand to make or lose before taking a position.
Note, if traders have a poor network connection and cannot access their online browser, they can ring the support helpline to place trades.
On the downside, third-party software like MetaTrader 4 (MT4) and MetaTrader 5 (MT5) is unavailable.
Focus Option offers a mobile app, available from the Apple App Store for iOS devices or the Google Play Store for Android devices.
It is free to download the mobile application and clients have access to most of the features found on the desktop terminal. Users can scan the markets for opportunities and take positions with one-click trading.
Clients can also manage their trading portfolio and make deposits and withdrawals from the mobile app.
The minimum transfer limit for both deposits and withdrawals is 10 USD / 10 EUR / 55 BRL. The only exception is bank transfer for which the minimum payment is 100 USD / 100 EUR.
Focus Option does not charge fees for either deposits or withdrawals.
There are several options for depositing to your live trading account. You can make a payment using VISA and MasterCard debit/credit cards or you can deposit via Bitcoin or Tether. All of these solutions offer instant deposits.
Other supported deposit methods include Boleto Bancario, PIX, TED and LATAM, which all take between one and three days to process.
Focus Option provides fewer methods for withdrawals. Traders can still withdraw funds via Bitcoin and Tether, but this can take up to 24 hours to process. Bank transfers and withdrawals via PayRetailers can take up to three business days. Using a debit or credit card can take anywhere from one business day to five.
Four live accounts are available, each with different features:
- Basic account
- Clients can trade on all 140+ assets
- Full access to the customer support team
- Everything that is included in the bronze account, plus;
- Greater limits on the maximum investment per trade
- Faster fiat deposits and withdrawals
- Everything that is included in the silver account, plus;
- A personal account manager
- Trading signals
- Market analysis
- Everything that is included in the gold account, plus;
- Greater payouts of up to 95%
- Invitation to exclusive VIP events
Focus Option also offers a free, 30-day demo account. This is a risk-free method of backtesting a new strategy or getting to grips with the online broker. The paper trading account comes with $10,000 of simulated funds.
To open a demo account, fill in the registration form on the broker’s website.
Pros Of Focus Option
- One-click trading.
- Turbo binary options.
- $10 minimum deposit.
- Payouts of up to 90%.
- Crypto payment options.
- Low latency connectivity.
- 140+ financial instruments.
- No deposit or withdrawal fees.
- 24/5 customer support channels.
- Wide selection of crypto binary options.
- Perks & rewards with higher account tiers.
Cons Of Focus Option
- Limited to only high/low binary options contracts.
- High minimum withdrawal limit for bank transfers.
- No MetaTrader 4 (MT4) or MetaTrader 5 (MT5).
- Limited welcome bonuses and promotions.
- Unregulated online brokerage.
Alongside the Focus Option trading platform, the profile area offers a detailed portfolio view with information on a trader’s current balance, amount invested, available cash and total returns.
Users can also view their most traded assets and daily trading volume. The dashboard ultimately makes it easier to track progress and profits.
In addition, the Focus Option hub provides useful market data and insights to aid technical analysis and trading decisions.
Here, clients can build a shortlist from a selection of ‘hot assets’ and volatile products. Included in this section is also an assets index where investors can view the trading hours for upcoming weeks and the expiry formula for each asset.
Finally, Focus Option provides a news portal with general market information. Content is available via text or videos from YouTube channels, including CNBC.
There is also a crypto-focussed news hub with information on major tokens as well as new and emerging coins. This is a useful tool for investors looking to speculate on trending cryptocurrencies.
Below is an example of the charting features at Focus Option, our traders added MACD and RSI information, layered beneath the Gold Price chart;
If you have questions or encounter an error such as the platform not working or trade execution has failed, you can contact the customer support team. Multilingual customer support is available 24 hours a day, Monday through Friday.
You can reach out to the Focus Option helpdesk via the following channels:
- Email: firstname.lastname@example.org
- Contact number: +(62) 21 2002 2012
- Live chat: available on the broker’s website
- Social media: channels include Facebook and LinkedIn
Focus Option is not regulated by a trusted financial agency. This is a real drawback versus other trading brokers. Clients will not necessarily benefit from negative balance protection, investor compensation schemes, or segregated client accounts.
As a result, it’s important to read online reviews and ratings before signing up for an account.
Focus Option Verdict
Focus Option is a relatively new broker but offers an intuitive trading platform and extensive access to crypto digital options.
The free mobile app also makes it easy to speculate on popular tokens in a few clicks with a straightforward high/low option. The only major drawback is the lack of robust regulatory oversight, but hopefully the brand will secure a license in the future.
Overall, Focus Option is a good choice for budding crypto investors.
How Can I Trade With Focus Option?
Traders simply need to open a live account and login via the broker’s web trader platform or the Focus Option mobile app. Clients get started with a $10 deposit and have four account tiers to choose from. Several funding solutions offer fee-free deposits which are processed instantly, including Bitcoin transactions.
Does Focus Option Offer A Demo Account?
Prospective users can register for a free demo account that remains active for 30 days. With the paper trading account, users can test out different strategies or learn how binary options and CFDs work.
Focus Option funds the free demo account with $10,000. Clients can then upgrade to a real-money account when they feel ready.
What Markets Can I Trade With Focus Option?
Focus Option facilitates derivatives trading on 77 cryptocurrencies, 23 forex pairs, 35 stocks, 4 commodities and 5 indices. In total, account holders can speculate on 140+ assets using leveraged CFDs and high/low binary options.
Which Countries Are Permitted From Opening A Focus Option Account?
Traders from Iran, Canada, Germany, Singapore and the USA are not accepted. The list of permitted countries includes Australia, India, Japan, Kenya, Malaysia, the Philippines and the UAE (including Dubai).
Traders from many countries in Europe such as Austria, Norway and the UK can also register with Focus Option.
Where Can I Find More Information About Focus Option?
Additional user reviews and ratings can be found on websites and social trading forums, including Reddit, Facebook and Discord. Alternatively, we break down the broker’s suite of products and services in our detailed review.
We also look at deposits and withdrawals, trading fees, bonuses and more.
Focus Option Details
|Instruments||Binary Options, CFDs, Forex, Metals, Indices|
|Expiry Times||30 seconds - 1 week|
|Ladder Binary Options||No|
|Boundary Binary Options||No|
|Mobile Apps||iOS & Android|
|AI / Machine Learning||No|
|Negative Balance Protection||No|
|CFD FTSE Spread||NA|
|CFD GBPUSD Spread||3|
|CFD Oil Spread||1|
|CFD Stocks Spread||Variable|
|Forex GBPUSD Spread||3|
|Forex EURUSD Spread||1|
|Forex EURGBP Spread||3|
|Crypto Auto Market Maker||No|
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