We have found out that GOptions is not a reliable broker and decided to blacklist it. 7 Binary Options does NOT recommend trading with GOoptions.
We recommend choosing one of our top binary option brokers instead:
Try also Binary Option Robot if you are looking for automated binary trading.
A lot of binary options brokers seem to treat a customer’s hard earned investment income as theirs and they have hidden costs and fees when withdrawing the money. That is definitely not the case with the GOptions binary options brokerage site. They pride themselves on being a website that is both transparent and trustworthy. It is also the reason why we have placed them on our preferred brokers list.
There is no one that trades binary options just for the fun of it; every investor hopes to make at least some profit on their trades. Many successful investors use binary options trading as a means to buy something they might not ordinarily buy or use it to supplement their income or regular savings. When an investor makes enough profit trading on the site, GOptions believes the investor should have the right to withdraw these profits without hidden penalties and fees.
Banking is an important function on any binary options website. That is why we always cover that part of a binary options brokerage site when we review them. GOptions tries hard to make banking simple and straightforward. Any fees the site charges are clearly laid out on the website; there are no hidden costs or fees. Withdrawals on the website are easy to initiate and GOptions will process them without delay. Banking on the website is encrypted so that makes banking on the website very safe and secure too.
The GOptions website tries to make banking with them simple and easy; that is not the case always with other binary option trading websites. You will not find any brokers like that on our recommendation list and we always welcome a reader on this site to share any bad experiences with us so we can follow up on them. GOptions banking is not ways always free (just like any bank services), but they make it as simple and easy as possible.
It is easy to initiate banking transactions or manage account funds on GOptions; a user simply has to click on the ‘my account’ tab under the menu options to access their account. The whole withdrawal process is menu driven too which makes it simple to initiate. Of course all accounts will have to be verified the first time a withdrawal is processed to protect their customers, but once an account is verified the procedure goes smoothly each time. It is never a bad idea to send the required identification documents right after registering to avoid any delays when it comes time to process a withdrawal.
There is a small withdrawal fee of $25 in most cases for bank transfers and other methods, but credit card holders can usually withdraw their money for free. If a customer has a Gold Account or higher level they are entitled to make withdrawals for free also. The minimum withdrawal limit is $100 and as was stated before, the site banking practices are encrypted so they are very safe and secure.
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References and Further Reading:
1. Support for system evolution through separating business and technology issues in a banking system (J Edwards, I Coutts, S McLeod – 2000)
3. A content analysis of risk management disclosures in Canadian annual reports (K Lajili, D Zéghal – 2005)
4. Financial Integration, Capital Controls and Monetary Independence (R Kohli – 2009)
5. External currency pricing and the East Asian crisis (D Cook, MB Devereux – 2006)
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