ASKOption Broker Review

askoption_logo

Established in 2014, AskOption is a binary options trading platform that is owned by PeakMedia Group Ltd. Their registered address is at #2 Old Brompton Road, Suite 50, London, SW7 3DQ while their business address is Blades Enterprise Centre, John Street, Sheffield, South Yorkshire, S2 4SW, UK. Their service partners include Columbus Merchant Services Ltd (Mauritius) and LLC Tauron Services (Georgia).

Basic information:

Online since: 2014
Jurisdiction: None
Software: Panda TS
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $5
Maximum Investment: $20000
Currencies: USD, EUR, GBP, AUD, CAD
Mobile: Yes
Countries: All nations

Pros:

– Many account options
– Relatively high returns
– low minimum investment

Cons:

7 Binary Options Rating:

4,5 stars

Start trading

AskOption Special Features

Servicing an international clientele base, AskOption understands that their clients come from diverse backgrounds. As such they have provided 6 different types of trading accounts for their clients to choose from.

  • Basic Account

Minimum Deposit $250

30% Bonus

Ebook& Training

Standard Withdrawal

  • Mini Account

Minimum Deposit of $500

30% Bonus

1 Risk Free Trade

Assigned Senior Broker

Daily Market Reviews

2 Live Trading Education

Standard Withdrawal

  • Standard Account

Minimum Deposit $1000

5 Risk Free Trades

Assigned Senior Broker

5 Live Trading Education

Daily Market Reviews

Ebook

Expedited Withdrawal

  • Premium Account

Minimum deposit of $5000

70% Bonus

7 Risk-Free Trades

Assigned Senior Broker

10 Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Expedited Withdrawal

  • Ultra Account

Minimum Deposit of $15,000

85% Bonus

10 Risk-Free Trades

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Risk Management

Expedited Withdrawal

  • VIP Account

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Risk Management

Same Day Withdrawal

Personal AskOption Rewards

As can be seen above, the benefits of each trading account vary and are geared towards different specific categories of traders. The bonuses offered are pretty generous ranging from 30% to 100%. And the risk-free trades are quite an attractive incentive. But it should also be noted that these bonuses and promotional offers come with conditions attached. For example, before you can withdraw the bonus, you need to meet the wagering requirement of 20x the bonus amount. So if you receive a bonus of $500, you need to achieve a trading volume of at least $10,000 before you can withdraw that $500 bonus or any profit made trading with it.

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Other recommended auto trading robots:

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AskOption Trading Software

Unlike many binary options brokers in the industry today, AskOption uses the lesser known Panda TS platform. The platform offers traders 4 different types of option contracts. You can choose from High/Low options, Hyper Options, One Touch Options and Range Options. These options contracts typically let traders earn a maximum of 85% returns on their investments. For One touch options, the maximum return is even higher possibly reaching up to 500%.

The expiry times offered by the Panda TS platform are also quite diverse ranging from 30 seconds to 45 minutes. Although the selection of option contracts is not as many as those found on the popular SpotOption trading platform, the Panda TS platform does make up for this deficiency by offering a powerful copy trading feature. Beginner traders can easily follow what the top traders are buying or selling by watching in real time the Top 10 Trades social trading board. In addition, there are more than 100 different types of underlying assets available for trading. So the fact that there are just 4 different types of options contracts to trade with isn’t really an impairment for most traders at AskOption.

Screenshot

askoption_screenshot

AskOption Support Information

For traders who need help, the support team at AskOption is available to render assistance 24 hours a day 7 days a week. To request assistance from customer support, AskOption’s traders can contact the support team through email, live chat or over the telephone. Traders in U.S, UK, Canada and Russia also have the benefit of having localized telephone support as AskOption have provided localized support telephone numbers for these 4 countries.  Their website is also available in Russian hence making it easy for Russian-speaking traders to navigate around the website.

AskOption Banking Info

Currently, AskOption only supports credit/debit cards and wire transfer for the funding of trading accounts. Withdrawals are also conducted through the same methods. As for the processing of withdrawal requests, the typical processing time is 5 business days. For credit card withdrawals, the minimum amount that can be withdrawn is $30. As for withdrawals conducted through wire transfer, the minimum withdrawal amount is $100. Traders are given one free withdrawal per calendar month. Subsequent withdrawals which are made within the same calendar month are liable for a service fee of $30 per withdrawal.

The AskOption trading brand is owned and operated by a holding company called PeakMedia Group Ltd. They have 2 service partners namely Columbus Merchant Services Ltd a Mauritius-based company and a Georgia-based company called LLC Tauron Services to provide ancillary services. Although AskOption is based in the UK, the broker is not regulated by any financial regulatory body. Nevertheless, given the fact that AskOption has been around for 2 years and had no major complaints against it, they have proven themselves to be a dependable and trustworthy broker. With the benefits that they offer, AskOption is actually quite ideal for beginner traders who are just venturing into binary options trading.

Additional information

Customer Service: Email: [email protected] / Live Chat / Support Numbers: 1-646-757-1536 (U.S), 1-450-499-0084 (Canada), 61-280156836 (Australia), 44-203-519-8515 (UK), 749-92990183 (Russia)
Languages: English and Russian
Trading Options: High/Low, On Demand (60 Sec), One Touch, Range
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 seconds, 1 minute, 5 minutes, 2 hours and 24 hours
Deposits and Withdrawals:Credit/Debit cards, Bank Wire
Withdrawal Time: 5 days
Demo account: No

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References and Further Reading:

  1. Analysts’ Forecasts and Brokerage‐Firm Trading  (Paul J. Irvine)
  2. Return autocorrelation and institutional investors  (Richard W. Sias Laura T. Starks)
  3. Regulating Investors Not Issuers: A Market-Based Proposal (Stephen Choi)
  4. Evaluating SOAP for High-Performance Business Applications: Real-Time Trading Systems (Christopher Kohlhoff, Robert Steele)
  5. Trading costs and the relative rates of price discovery in stock, futures, and option markets (Jeff Fleming, Barbara Ostdiek, Robert E. Whaley)
  6. Power trading and forecasting tool (Samer Takriti, Liliam Shiao-Yen Wu)
  7.  The real meaning of value in trading relationships (John Ramsay)
  8.  Program Trading and Individual Stock Returns: Ingredients of the Triple-Witching (Brew Hans R. Stoll and Robert E. Whaley)
  9. Agent-Based Approach to Handle Business Complexity in U.S. Wholesale Power Trading (Toshiyuki Sueyoshi ; Gopalakrishna Reddy Tadiparthi)
  10. Market Efficiency and Insider Trading: New Evidence (Michael S. Rozeff and Mir A. Zaman)
  11. Trading Favors within Chinese Business Groups (Raymond Fisman and Yongxiang Wang)
  12.  Trust requirements in e-business (Sara Jones, Marc Wilikens, Philip Morris, Marcelo Masera)
  13. The Information Content of Aggregate Insider Trading (H. Nejat Seyhun)
  14. Electronic trading, interorganizational systems and the nature of buyer-seller relationships: The need for a network perspective (C. Cunningham, C. Tynan)
  15. Local Exchange Trading Systems in the United Kingdom: A Case of Re-Embedding? (L Thorne)
  16. Merchants as Business Groups: British Trading Companies in Asia before 1945 (Geoffrey Jones and Judith Wale)
  17. Electronic procurement system and method for trading partners ( Robert L. Barnes, Andrew J. Berti, Kevin Doyle, Peter J. Rawlinson)
  18. Forecasting of foreign exchange rates of Taiwan’s major trading partners by novel nonlinear Grey Bernoulli model (Chun-I Chen, Hong Long Chen, Shuo-Pei Chen)
  19. Short-term and long-term price linkages between the equity markets of Australia and its major trading partners (EDUARDO D. ROCA)
  20. Systems and methods for controlling traders from manipulating electronic trading markets (Andrew C Gilbert, Andrew Stergiopoulos, William P Tselepis)

7 Binary Options review: AskOption: 4,5 stars.