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TopOption Archive Review
TopOption is a leading binary options broker that is owned and managed by the holding company Safecap Investement Ltd (formerly Arbat Capital Ltd). The broker is one of the few binary options brokers around the world that accepts skrill and is fully regulated by EU approved binary options regulatory agency CySEC.
The first thing that traders will notice in TopOption’s binary option trading platform is just how simple it is. There is no fancy design or functionality to confuse, just exactly what the trader needs to execute their trades – the price chart, the traders choice bar, the asset tab, the expiry time tab and trade execution buttons.
With an uncluttered trading platform, trades can be executed quickly with a minimum of fuss. In fact, traders can complete a trading action with just three simple steps:
- Select an asset to trade with
- Select the direction of the market (Call/Put)
- Decide on the amount the invest and “Apply” the choices
The best thing about the TopOption’s trading platform is the fact that it gets refreshed regularly so only the assets which are available for trading are displayed.
Despite the seemingly simple outlook of TopOption’s trading platform, there are some unique features that are hidden behind it. For example, under the ProOption mode, traders can choose to trade one asset against another using the “Stock Pair” trade feature and see which asset will perform better.
Two other features which might be useful for traders under the ProOption mode are the “Double Up” and “Roll Over” features. The Double Up features allow traders to double their investment amount when they think the trade is going well as expected. The Roll Over feature is useful when you want to extend your trade beyond its original expiry period.
Among the selection of trades which traders can make at TopOption include options like classic High/Low (Call/Put) options, 60 Seconds options, One Touch options, Option Builder. With the ProOption mode, traders get to have more flexibility in the way they make their trades. With all the innovative functionalities tucked away inside this more, traders can improve the odds of their trades tremendously.
There are three types of account at TopOption. Beginners can choose to start their trading experience with the low requirement “Starter” account. This account only requires traders to place a minimum initial deposit of $100 to open. Further up the scale is the “Pro” account where traders need a minimum initial deposit of $1000 to open. Lastly, we have the “VIP” account where traders need to deposit $5000 to open. Each respective types of trading accounts have their own set of advantage and benefits. Nevertheless, traders still get to enjoy the attention of an account manager assigned to look after them.
The average payout at TopOption is on the high end of the industry standard at 85%. However, if traders are more adventurous, they can go for weekend trades which can pay as high as 500%.
TopOption currently have around 53 types of underlying assets for traders to choose from. They include 17 types of stocks, 12 types of currencies, 16 types of indices and 8 types of commodities. The following list below shows the full range of assets that available for trading.
TopOption takes it customer support very seriously. A service oriented broker, they provide an extensive list of 39 localized telephone numbers (both toll free and regular numbers) which their clients can contact them at. In addition, traders also have to option to reach the support team by fax, live chats or email.
The first which traders can be confident with TopOption concerning their reliability is the fact that they are regulated. Being CySEC regulated mean investors can be compensated up to the tune of €20,000 in the event TopOption become insolvent. To further safeguard the traders’ money, all company’s operational funds are segregated from the traders’ funds.
- Comprehensive Educational section
- Extensive range of Trading Tools
- Generous Bonuses
- High Payouts
- Intuitive Trading Platform
- Mobile Trading is supported
- Regulated Broker with Insurance Compensation Fund
So far, there are no discernible disadvantages of dealing with TopOption.
Overall, TopOption is an ideal broker for any beginners at binary options trading. They have an excellent support group and a trading platform which is very user friendly. Novices will easily find themselves at home here at TopOption.
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