TopOption Review

topoption reviewIt’s a good thing to have a nice selection of choices when it comes to finding a broker for you to trade binary options with. Some people claim there are just too many choices out there and it makes hard to choose a reliable broker. That is where we come in and we can help make your decision easier. We try to narrow your list of choices down by searching and finding good brokers like the one we will review today, TopOption.

Why do we like TopOption? We like them because we think they are a fair web broker that has a good reputation, consistently gets good reviews and they offer a lot of benefits to those that trade with them. They also have a lot of experience in binary option market because they were the first one who offered online binary options trading to their users.

Don’t take our word for granted, check out our detailed review and find yourself as we thoroughly cover this popular binary options trading site.

Basic information:

Online since: 2008
Jurisdiction: Cyprus
Software: SpotOptions
Max Returns: 82%
Bonus: 100%
Minimum Deposit: $100
Minimum Investment: $5
Maximum Investment: $4000
Currencies: USD, EUR, GBP, PLN
Mobile: Yes
Countries: All nations excl. USA, Canada, Japan, Israel

Pros:

– Good variety of options
– 82% return on Investment potential
– User friendly interface
– Small minimum investment
– Regulated by the respected CYSEC agency
– Demo account
– Many years of experience as a binary options broker

Cons:

– No customers from the USA accepted

7 Binary Options Rating:

4,5 stars

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Sign Up

Signing up for the website could not have been easier. All we had to do was fill out a very short questionnaire, prove our identity and then make the required minimum deposit of $100. A low deposit like that makes entry into the binary options trading market easy for just about everyone.

Bonuses

Having good bonuses is another thing that TopOption likes to offer those that trade with them. As a matter of fact, you will get your first bonus before you even place a trade because they will give you a signup bonus when you make your initial deposit to open your account. The percentage of this bonus varies according to the amount you deposit and can go as high as $2500. A trader must trade 20 times their initial deposit + bonus before they are eligible to withdraw any bonus funds.

Types of accounts

There are three distinct account levels with TopOption. They are designed to fit the needs and knowledge level of different traders; some traders just do it as a hobby while others do it as a serious profession. There are account levels that fit all types of traders. Each account type has special features too and each higher level account gives you access to all the features that the lower account levels have also. Take a look.

 

STARTER ACCOUNT

Includes deposits from $100 up to $249

  • $0 Fees and commissions
  • Standard account manager services
  • Weband mobile platforms access
  • Tools for risk management Tools
  • E-Book learning series provided
  • Convenient starter guide
  • Access to the E-Video content
  • Newsroom alerts and economic updates
  • Cashback Bonus percentage on losses in losing months

PROACCOUNT

Includes deposits from $250 up to $999

In addition to all of the benefits that come with a Standard account, this level account holder will also receive the following additional benefits:

  • Starter and advanced guides
  • 3 hours of 1-on-1 Training
  • Professional account manager servicers

VIP ACCOUNT

Includes deposits from $1000 up to $5000

In addition to receiving all of the benefits that come with a Standard and Pro account, this level account holder will also receive the following additional benefits:

  • Starter and advanced guides
  • Unlimited 1-on-1 Training
  • Elite account manager servicers
  • Off Trading Hours Assistance
  • Trading central access and free SMS signals

Screenshot

topoption screenshot

Learning Tools

There are a variety of very good learning tools that everyone who trades with TopOption has access to. The most significant of which is their handy demo account. This helps those that are new to the site get acclimated to the trading platform before risking their hard earned investment dollars and it also helps novice traders learn a little about binary options trading before they start risking their own money.

In addition to being able to access the free demo account, all level account holders will receive a complimentary eBook learning series, access to certain webinars, access to video tutorials and instructions on how to spot key market indicators.

Assets

One of the best things about the TopOption web broker is the tremendous amount of assets their traders get to choose from. There are around 180 assets in total. Among these are some of the most popular stocks in the world, matched currency pairs, heavily traded commodities and some of the better stock indices. That is enough variety that anyone can find a few assets that they are familiar with and find comfortable trading.

The choices of assets that can be traded include such ones as gold, google, apple, Coca-Cola and the NASDAQ. Trading with stable assets such as these makes placing winning binary options trades much more likely.

Trading Platform

Investors with TopOption will have the benefit of trading on one of the most popular platforms that there is when it comes to trading binary options. They use the really good SpotOption trading software that has been modified and improved over the years to give those who use it a very simple to use and satisfying trading experience.

The platform is well laid out, logically menu driven and it takes just a few points and clicks with a mouse to surf the website and place trades. There is a lot of peace of mind that comes with using this quality web platform.

Placing Trades

Not only does the platform itself make trading simple and easy to understand but the variety of options that the customer has to choose from helps a lot too. They offer such option choices as High/Low options, One Touch options, 60 second options, Long Term Options, Meta Charts and Pair Options. With that type of variety a traderis sure to find an option choice that will be appealing to them and they can have success with.

One of the most unique things about placing trades with TopOption is their unique ‘option builder’ feature. Here customers can kind of mix and match their favorite options with their favorite assets and create an option choice that is custom for themselves. A little customization is always welcomed by investors, especially if it helps them make more profitable trades on a consistent basis.

Return on Investment

There are two reasons that investors like to trade binary options. One is that they are simple to understand; the other is that they are likely to provide a much higher return on investment than other types of market trading. TopOption gives those that trade with them an opportunity to earn as much as 82% for every dollar that they spend. Return on investments like that can add up to a whole lot of money in your trading account in a hurry.

Banking

There is one very unique feature that reassures TopOption’s customers when it comes to the safety of their investment account. Many people see they are based out of Cyprus and worry about the once unstable banking situation there. No need to worry here because TopOption has that problem solved; all of their banking transactions are done through reputable banks in England, Switzerland and Germany; your money will never even enter into the banking system in Cypress.

Now that you know your investment deposit will be safe and secure with TopOption, you need to also know that the banking system is very straightforward and they try to make things such as depositing and withdrawing money as seamless as possible. They offer a variety of ways in which you can make a deposit including Visa, MasterCard, Bank Wire, Diners Club and WebMoney. Many of these same methods can be used for withdrawals as well.

Customer Service

Customer service is a big plus with the TopOption web broker. They offer excellent support in a variety of different languages such as English, Spanish, French, German, Italian, Swedish, Russian, Dutch, Japanese, Arabic, Romanian, Portuguese, Norwegian, Chinese and Polish. That is a sign of a company that goes the extra mile to take care of those who trade with them.

We also found nothing but minor complaints when we searched for reviews of the TopOption broker on the internet. As a matter of fact, most of the reviews we came across were overwhelmingly positive ones. That is another sign that the customer service team is resolving questions and concerns in a satisfactory manner.

Key Features

To sum it up there were several key features that we liked when using the TopOption web platform. We liked the fact that they were confident enough in their business practices that they chose a strict regulatory agency like CySEC to oversee them. They also offer those that trade with them a variety of excellent learning tools to choose from.

Conclusion/Summary

There is absolutely no doubt in our minds that the experience that TopOption brings to the table plays a big role in the quality of their website. We found very few things not to like about them overall. Everything was straightforward right from the initial account setup all the way to banking and placing trades. I guess we don’t have much else to say except we have no problem putting this broker on our list of recommended websites to trade on, right on par with Banc de Binary for example. We also recommend checking out Binary Option Robot for automated trading with the top brokers.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: Swedish, Russian, Dutch, Japanese English, Spanish, French, German, Italian, , Norwegian, Chinese, Polish, Arabic, Romanian, Portuguese and Polish
Trading Options: High/Low options, One Touch options, 60second options, Long Term Options, Option Builder, Meta Charts and Pair Options
Early close: Yes
Expiry Times: 60 second, 15 minutes, 1 hour, 24 hours and End of Day
Deposits and Withdrawals: Diners Club, WebMoney Visa, MasterCard, and Bank Wire
Withdrawal Time: 3 days
Demo account: Yes

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TopOption Articles:

References and Further Reading:

  1. Tax-Motivated Trading by Individual Investors (Ivković, Zoran; Poterba, James; Weisbenner, Scott-2005)
  2. Roadmap to a Full Service Broker in Service-Oriented Architecture ( W. T. Tsai ;  Xinyu Zhou ;  Yinong Chen ;  Bingnan Xiao ; Raymond A. Paul ; William Chu-2007)
  3. A Study of the Septa in the Maxillary Sinuses and the Subantral Alveolar Processes in 30 Patients  (Héctor González-Santana – 2007)
  4. Grid Meta-Broker Architecture: Towards an Interoperable Grid Resource Brokering Service  (Attila Kertész, Péter Kacsuk-2006)
  5. Reliable and Highly Available Distributed Publish/Subscribe Service (Reza Sherafat Kazemzadeh ;  Hans-Arno Jacobsen-2009)
  6. The Maestro approach to building reliable interoperable distributed applications with multiple execution styles (Authors Alexey Vaysburd, Ken Birman-1998)
  7.  Selecting a Broker or a Brokerage Firm: Segmentation of Investors in the Hong Kong Stock Market (Robert Chan, Y.K. Chan, Oliver H.M. Yau-1991)
  8. A broker-based approach for improving Web services reliability (A. Erradi ;  P. Maheshwari-2005)
  9.  Global business process re‐engineering: a system dynamics‐based approach (J. Ashayeri, R. Keij, A. Bröker-(1998)
  10. Fast dynamic contrast-enhanced colour-coded MRI in uterine cervix carcinoma: Useful for tumour staging?  (S. Postema, P.M.T. Pattynam, S. Bröker, R.J. Van Der Geest, C.S.P. Van Rijswijk, J. Baptist Trimbos -1998)
  11. The Disposition to Sell Winners Too Early and Ride Losers Too Long: Theory and Evidence (HERSH SHEFRIN, MEIR STATMAN-1985)
  12. Thinking like a trader selectively reduces individuals’ loss aversion (Peter Sokol-Hessnera, Ming Hsub, Nina G. Curleya, Mauricio R. Delgadoc, Colin F. Camererd and Elizabeth A. Phelps-2008)
  13. COTTAGE INDUSTRIES: CONCEPTS AND IMPLICATIONS (Guy Prentice-1983)
  14. Method and apparatus for online platforms for enabling a professional trader to provide a plurality of clients with real-time market timing guidance (Reynaldo Perales-2006)
  15. Option pricing by students and professional traders: a behavioural investigation (Klaus Abbink, Bettina Rockenbach-2006)
  16. The Role of the Professional Slave Trader in a Slave Economy: Austin Woolfolk, A Case Study (Austin Woolfolk, A Case Study-1977)
  17.  Noise Trader Risk in Financial Markets (J. Bradford De Long, Andrei Shleifer, Lawrence H. Summers and Robert J. Waldmann-1990)
  18. Investment Under Uncertainty: Testing the Options Model with Professional Traders  (John A. List , Michael S. Haigh-2010)
  19. Method and system for training traders  (Mark Colaio-2005)
  20. A simple test of expected utility theory using professional traders (John A. List, and Michael S. Haigh-2004)

7 Binary Options review: TopOption: 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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