UKoptions Review

UPDATE (1.11.2016):

We have found out that UKoptions is closed.

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

1. IQ Option
2. Banc de Binary
3. Finpari (for US traders)

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

Old Review:

ukoptionsThere is a binary options website that is quickly growing in popularity because they have a straightforward trading platform and a reputation of being reliable and trustworthy. Those are things that every binary options trader wants from there web broker. The site that does this is called UKoptions and it is a site that treats all members fairly despite their deposit size; that is really a breath of fresh air as far as binary options trading sites go. Read why and more about UKoptions in this review we did on them.

Basic information:

Online since: 2013
Jurisdiction: UK
Software: SpotOption
Max Returns: 85%
Bonus: 100%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $1000
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All excl. USA

Pros:

− Uses the popular SpotOptions trading platform software
− Has a low minimum investment trading requirement
− FOREX trading support
− High signup bonuses can be obtained
− They have segregated account types
− Great education center
− Account services do not change by deposit level so even small traders have full access to the sites many features

Cons:

− A short list of currency pairs

7 Binary Options Rating:

4,5 stars

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Special Features

The most notable feature on the website itself is not any one thing that it does but the fact that all of the features are so well integrated that it makes for a seamless and very easy to use trading experience. The features themselves are very generic when compared to similar quality binary options brokers. The results speak for themselves as user after user talks about the quality trading experience that they get with UKoptions.

The website is all encompassing and it features such things as Islamic faith based accounts, an excellent trading platform and generous account bonuses. Not only do all the features integrate well but they do it in a rapid manner too. The site also features an excellent learning center that will enhance the skills of both novice and veteran traders alike. All this is accomplished with a simple point and click menu for surfing the trading platform.

Segregated Accounts

One of the websites best features is the fact that it has segregated accounts that cater to the needs of all faiths. A great example of this is UKoptions Islamic accounts which strictly adhere to the principles of Sharia law. Islamic faith based traders can invest with the knowledge they are being fully compliant with the banking and investing rules of their religion and UKoptions even makes it convenient for Islamic faith traders to follow the rules of Hibah that make it easy to donate and avoid fees when doing it.

UKoptions Trading Platform

We have mentioned a little bit already about how seamless, fast and easy it is to use UKoptions trading platform. It is also worth mentioning that the trading platform is based on the popular and outstanding SpotOption software. The SpotOptions software is widely recognized for helping create trading platforms that are easy to use and reliable for investing in binary options trades. SpotOptions software helps to make trading platforms (for example Banc de Binary) that are highly modular to separate the different areas of interest on a brokerage site also. This software also allows UKoptions to add their own vision and creativity to the trading platform too.

There is an outstanding variety of available binary options to trade on for those that invest using UKoptions. These include such options as High/Low options, One Touch options, 60 second options, Long Term options, Pair Options and the potentially highly profitable Ladder Options. They were actually one of the first binary options brokers to offer the potentially lucrative ladder options and to incorporate FOREX trading into their website also.

There is also a large variety of assets available to be traded with on UKoptions. These include some of the most popular stocks, indices, commodities and even currencies. Expiration times are highly varied also and include 30 second, 60 second, 2minute, 15 minute, 30 minute, 1 hour, 24 hours, the End of the Month and 150 day expiration times.

There is enough choices and variety to help satisfy even the most demanding binary options investors as they do their trading. UKoptions also does not limit the variety of choices to lower deposit level users which is a nice change from what other brokers are doing. They will also refund up to 10% of most binary options trades that you make that finish ‘out of the money’. UKoptions also features longer expiration times that you don’t often see such as end of the month and 150 day expirations.

One touch options are among the hottest binary option types that can be found in the marketplace today because of the prospect of very high return on investments that they offer. They are best used with commodity assets or Forex markets or in binary option robot. The drawback to these is that they have a much higher risk associated with them too. Pairs options are a great alternative for those with a more focused and conservative approach to binary options trading.

Among the assets that can be traded with UKoptions are more than 10 currency pairs, over 20 stocks and a large variety of indices to choose from too. We feel that a longer list of currency pairs would enable their traders to take full advantage of the excellent option types that they offer.

Bonuses and Credits

UKoptions traders are entitled to some very nice bonuses at times and may also receive bonuses in the form of credits too. Keep in mind those things such as signup bonuses require that 40 times the amount of the initial deposit be traded before any bonus money can be withdrawn. This is consistent with the same policies of other internet brokers but something that we feel needs to be reduced across the industry as a whole; we have mentioned this train of thought in several of the reviews we have done when it comes to withdrawing bonus money.

Other special features that UKoptions offers are things such as unique 1 on 1 sessions to help clients increase their binary options trading knowledge and many traders also like to use their outstanding signals service.

UKoptions Support and Services

Support features are quite standard on UKoptions but done quite well nonetheless. They conveniently display a web for with e-mail address and live chat is available too. Live chat is always a great option for traders to get their problems and concerns handled quickly. There are also dedicated phone options available for those traders from South Africa, Australia, Germany, Canada, New Zealand and the UK.

They get overall high markets for the quality of the support that was received by us. When we used live chat they made themselves available online very quickly and answered our questions and concerns easily and in a satisfactory manner. We were very satisfied here but also felt and improved FAQ section could eliminate the need to get in touch with customer service as often as necessary but it’s comforting knowing they will be there when you need them.

UKoptions Banking and Company

Banking is another area with UKoptions that is quite standard in the industry and there is nothing really special about it. We are surprised some trading sites do not emphasize the quality of this area more to attract traders to their website. The banking services offered are well integrated and easy to carry out, although a slight improvement in deposit and withdrawal times would really set UKoptions apart from other binary options trading sites.

Current deposit options include Visa, MasterCard, Amex, Delta, Bank Wire Transfer, Skrill Moneybookers, Maestro, CashU, Visa Electron and Neteller. Although bank wire transfer is allowed, it is best to avoid using it because of the money laundering concerns associated with it and its subsequent high fees. Adding a few more online wallets would help here too but there is still enough variety for banking deposits and withdrawals to be done conveniently.

Minimum deposits for bank wire transfers are $500 and for credit cards $250. Credit card deposits will show up in a user’s account in 2-3 days while bank wire transfers take slightly longer. The minimum withdrawal with this broker is a low $50.

What Do We Think?

There are not a lot of holes in this website that would make us really stop and think before signing up to trade with them; as a matter of fact, we just came across outstanding feature after outstanding feature when reviewing them. We really liked everything about them from their trading platform all the way through to their support and banking services. It is reasons like these that we will not hesitate at all to put UKoptions on our list of preferred brokers.

Additional information

Customer Service: Live Chat / Email: [email protected]
Languages: English
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 30 sec, 60 sec, 2min, 15 min, 30 min, 1 hr, 24 hr+, End of Month, 150 days
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, CashU, Maestro, Visa Electron, Neteller
Withdrawal Time: 3 bank days
Demo account: No

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UKoptions Articles:

References and Further Reading:

  1. Trading Costs and Returns for U.S. Equities: Estimating Effective Costs from Daily Data (JOEL HASBROUCK-2009)
  2.  Trading group theory for randomness ( L Babai Dept. Algebra-1985)
  3. Pairs Trading: Performance of a Relative ( Evan Gatev,William N. Goetzmann, K. Geert Rouwenhorst-2006)
  4. A Model of Competitive Stock Trading Volume (Jiang Wang- 1994)
  5. A stochastic calculus model of continuous trading: Complete markets  ( J.Michael Harrison Stanley R. Pliska-1983)
  6. SilkRoute: trading between relations and XML  (Mary Fernándeza, Wang-Chiew Tan 2, Dan Suciu-2000)
  7. Strategic trading, asymmetric information and heterogeneous prior beliefs  (F. Albert Wang-1998)
  8. A Unified Theory of Underreaction, Momentum Trading, and Overreaction in Asset Markets (Harrison Hong, Jeremy C. Stein-1999)
  9. A Theory of Trading Volume (JONATHAN M. KARPOFF-1986)
  10. The Sociology of Financial Markets (Karin Knorr Cetina and Alex Preda-2004)
  11. Trading Tasks: A Simple Theory of Offshoring (Grossman, Gene M.; Rossi-Hansberg, Esteban-2008)
  12. Estimating Trade Flows: Trading Partners and Trading Volumes (Elhanan Helpman, Marc Melitz, Yona Rubinstein-2007(
  13. Tests of equal forecast accuracy and encompassing for nested models  (Todd E Clark, Michael W McCracken-2001(
  14. Tests for Forecast Encompassing (David S. Harvey , Stephen J. Leybourne & Paul Newbold-2012)
  15. The Encompassing Principle and its Application to Testing Non-Nested Hypotheses (Grayham E. Mizon and Jean-Francois Richard.1986)
  16. Bonus play method for a gambling device (William Arthur Taylor.2008)
  17. Gaming device and method having a plurality of serially dependent and independent bonuses (Steven A. Weiss-2004)
  18. Computer program and system for credit card companies for recording and processing bonus credits issued to card users  ( Stuart S. Bowie-2001)
  19. The Work Alternative: Welfare Reform and the Realities of the Job Market (Demetra S. Nightingale-1995)
  20. On-line system for aggregation of purchase bonuses (Robert Icho-2001)
7 Binary Options review: UKoptions : 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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