EmpireOption Review

UPDATE (1.7.2016):

We have found out that Empire Option is not a reliable broker and decided to blacklist it. 7 Binary Options does NOT recommend trading with Empire Option.

We recommend choosing one of our top binary option brokers instead:

1. FinPari (for US traders)
2. Porter Finance

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

empireoptionThere is a website that has been traded on since 2011 that seems to be getting better each year and the name of that website is EmpireOption. This web broker has a trading platform with lots of advanced features that will help any level trader be successful when placing binary options trades. They like to nurture beginner traders along to success and also help veteran traders hone their skills even further. They offer a premier set of services that give those who invest with them a better than average chance of success.

EmpireOption’s gives those that trade with them the best chance of success because of the many educational options they offer, their daily trading tips, the various informational seminars they offer and the banking advantages they have too. It is simply a very well rounded trading site. Their traders can also be comfortable in knowing they are a regulated broker. You will probably be impressed like we were with EmpireOption after reading this review.

Basic information:

Online since: 2011
Jurisdiction: BIV
Software: SpotOption
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $200
Minimum Investment: $25
Maximum Investment: $1000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All nations, but US

Pros:

– It is a site with a very user friendly platform that uses the popular SpotOption software
– A nice variety of option products
– Trading account levels to satisfy any level trader
– Fast withdrawal times at upper account levels
– Excellent educational tools
– Personal Approach to customer service
– Very professionally done website
– Mobile trading app

Cons:

– No FAQ section to speak of
– No demo account option

7 Binary Options Rating:

4,5 stars

Start trading

There is a website that has been traded on since 2011 that seems to be getting better each year and the name of that website is EmpireOption. This web broker has a trading platform with lots of advanced features that will help any level trader be successful when placing binary options trades. They like to nurture beginner traders along to success and also help veteran traders hone their skills even further. They offer a premier set of services that give those who invest with them a better than average chance of success.

EmpireOption’s gives those that trade with them the best chance of success because of the many educational options they offer, their daily trading tips, the various informational seminars they offer and the banking advantages they have too. It is simply a very well rounded trading site. Their traders can also be comfortable in knowing they are a regulated broker. You will probably be impressed like we were with EmpireOption after reading this review.

EmpireOption Special features

This web broker likes to feature several different loyalty programs for those investors that sign up to trade with them. They offer different levels that tend to customize the trading experience for those that trade on each level; this helps those that trade with EmpireOption get the most out of their trading experience. Here is a list of the different trading levels that EmpireOption offers and the extras that come with each account level.

  • EmpireOption Micro account

This is EmpireOption’s version of an entry level account. It is perfect for those who are new to binary options trading to get started. It can even be used by more advanced level traders that are not serious players at the moment as far as binary options trading is concerned. This level is attained by depositing between $200 and $499 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars and also to basic banking services. It is the type of account that will allow a trader to get their feet wet as far as binary options trading goes. It is a basic level account with basic level features and not much more.

  • The EmpireOption Classic Account

For those who want to keep it simple but want more than just basic banking features, then this account level on EmpireOption will suit them perfectly. This level is attained by depositing between $500 and $999 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to first level market strategies, access to Empire TV, an economic calendar of events, market reviews and advanced banking services such as lower minimum withdrawal amounts and faster processing times. That is a nice variety of trading tools for a lower level account and it is recommended to start at least at this level with EmpireOption if possible.

  • The EmpireOption Plus account

Stepping up significantly in the quality of features offered in an account level is the EmpireOption plus Account. This level is attained by depositing between $1000 and $4999 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars, a market simulator, a personal account manager, access to the upgraded levels of market strategies, access to Empire TV, an economic calendar of events, daily market reviews, free trading signals and advanced banking services such as lower minimum withdrawal amounts and 3 day processing times. This level will also offer bonus promotions from time to time.

  • The EmpireOption Preferential account

This is an advance trading level which will greatly hone the trading skills of any serious binary options trader. This level is attained by depositing between $5000 and $9999 in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to an even more advanced level of market strategies, access to Empire TV, an economic calendar of events, one on one trading sessions, in depth market reviews and advanced banking services such as $1 minimum withdrawal amounts and 3 day withdrawal processing times.

  • The EmpireOption VIP account

For the ultimate professional trading service with EmpireOption this is the trading level you want to be at. It offers some highly advanced trading tools that are not often seen on most binary option websites. This level is attained by depositing $20,000+ in an account with EmpireOption. It entitles the trader to a host of educational materials, free webinars, a personal account manager, access to high level market strategies, access to Empire TV, an economic calendar of events, one on one trading sessions, in depth market reviews and advanced banking services such as $1 minimum withdrawal amounts and instant withdrawal processing.

As was stated earlier; there truly is an account level for every type of trader with EmpireOption. There is even what is called an Ifollow function that is a type of social trading feature with this web broker. It will allow you to see what other traders at your account level are doing so you can mimic their trades if you find a fellow trader that is on a hot streak or is consistently identifying in the money trades.

Are you one of those investors that think having a trading calendar as a feature is kind of oddball? Then maybe you are just not looking at this in the right perspective. Combine the calendar with the market simulator feature and some of the other trading tools and it actually becomes the asset it was intended to be. You can combine these to identify simulated events in the marketplace and then use these to calculate the all-important price change of an asset.

There are also different bonuses that are offered with different account levels. Any bonuses received will require the trader to do a 30x bonus turnover in order to be able to withdraw any bonus money.

EmpireOption Trading Platform

This web broker uses the ever popular SpotOption trading platform software. It is known for helping to produce trading platforms that are extremely user friendly and are very easy on the eyes. There is a reason why it is one of the world’s most popular trading platform software programs and it does not disappoint here.

The trading site uses browser based software so there is nothing to download on your laptop or PC that will use up valuable hard disk space. It provides EmpireOption with the ability to customize its trading platform a little and they have chosen to liven it up with a kind of angular design.

There are a total of five option products that are offered with this binary options broker. These include such popular option choices as 60 Second Options, Pair Options, Long Term Options, Short Term Options and the potentially highly profitable One Touch Options. As we reviewed this web broker we found all of these to be outstanding binary options products.

So it’s up to you when trading with them. You can choose 60 second options to get your blood pumping, long term options for more traditional trading or the high risk and high reward of One Touch Options.

The price quotes of the assets are streamed real time via Reuters for the most accurate data possible. This web broker also reduces risk by offering a 15% credit bonus for all losing trades. There is also a convenient mobile application which will work on almost any smart phone or other smart device.

The trading platform features a generous assortment of assets which include stocks, commodities, currency pairs and indices. There is also a large assortment of expiry times which include 60 second, 2 minute, 30 minute, 1 hour, 10 hour, 24 hour, End of the Day, End of the Week and 30 day expiration times like binary options robot has aswell.

EmpireOption Customer Service Information

Support with EmpireOption is a little bit unusual and we have mixed emotions about how we like it. It is done with more of a personal touch through an individual account manager but after hour’s access can be a little difficult because of this. The website really does not have a sufficient contact page to say the least; even though they do offer limited web form, live chat and phone customer service contact. When we did need customer support the people doing it were very thorough and very knowledgeable.

One big drawback with EmpireOption is the fact that there really are no FAQ pages to speak of and this is something we feel is important for this web broker to address.

EmpireOption Banking

Making deposits with EmpireOption is relatively straightforward and there are a large variety of methods that can be used when making deposits. Deposits can be made using Visa, MasterCard, Neteller, Bank Wire Transfer, Payza, BBVA or Skrill Moneybookers. Different methods take different times and allow different amounts to be deposited.

As was previously mentioned, banking is very different on EmpireOption as far as withdrawals are concerned. Different account levels have different rules regarding withdrawal processing times and withdrawal amounts.

All the banking and information handling on EmpireOption is done through TRUST which has a good reputation for keeping its member sites compliant with strict encryption and other data safekeeping methods like Banc de Binary, 24option and IQ option does too. It will give any investor piece of mind that both their personal and financial data will be kept safe.

Our Final Thoughts

It’s true we found a few things that needed to be worked on by EmpireOption during our review but we must also say these were quite minor in nature. The overall quality of the trading platform and the educational tools on the website were outstanding. We have no problem whatsoever recommending that our many readers give EmpireOption a try if they like what they read here in this review.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English, Spanish, French, German, Portuguese
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options
Assets: Currencies, Stocks, Indices, Commodities
Early close: Yes
Expiry Times: 60 sec, 2min, 30 min, 1 hr, 10hr, 24h, End of Day, End of Week, 30 days
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, Maestro, Neteller
Withdrawal Time: 2-3 days
Demo account: No

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7 Binary Options review: EmpireOption: 4,5 stars.
John Miller
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John Miller

John has worked in investment banking for 10 years and is the main author at 7 Binary Options. He holds a Master's degree in Economics.
John Miller
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