Is YesOption Regulated?
YesOption has shut down their operations in binary options trading.
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The YesOption online binary options trading platform is not currently regulated by any binary options regulating bodies. However the firm that owns and runs the platform is well renowned in the binary options industry as a reliable and trustworthy provide in the industry. The highly advanced and practical features and trading tools offered by the YesOption binary options trading platform may be attributed to the devotion by the expert binary options professionals at YesOption to make the platform a leading provider of binary options brokerage services today. The platform offers several tools and features that are beneficial to binary options traders across the globe, such as the well planned and ongoing bonuses and promotions. The only downside of this online binary options trading platform is that it does not accept registration by binary options traders in the USA.
As of now, the YesOption binary options broker is not regulated by the CFTC. As such, it cannot accept traders from the USA on its trading platform. Regardless of this, the binary options trading platform offered by this company is one of the best and reliable binary options trading platforms across then globe. The YesOption broker started offering a binary options trading platform in the year 2013. Since then, the company has been offering nothing, but the best services, diversity for traders investing in the financial market as well as tools and features that are highly beneficial for the traders using its online binary options trading platform. This is one of the reasons that all the binary options traders using this platform are highly satisfied with the broker.
Just like we have done with the other brokers included in our list of trusted brokers, we took time to look into the activities of the broker and try its features. Basically, the YesOption binary options broker is yet to receive any negative feedback or complaint from its customers. Even an internet search of the broker will not yield any complaints by the users of this online binary options trading platform, regarding its services, tools and features. This implies that the broker is trustworthy, secure and reliable.
The minimum amount of money that traders are required to deposit into their YesOption binary options trading accounts is $250. Again the minimum amount of investment that traders can make in any of the many assets offered by the broker on its online binary options trading platform is $25. Assuming that the trader does not accept the bonus offered by the company, he or she can open up to 10 trades on this platform before he or she depletes the initial deposit. The online trading platform offered by this company runs on a Tech Financials technology. The company that owns and runs the YesOption binary options platform is known as Alpha Systems Developments and is based in the Seychelles. However, much of the operations by the company are carried out from the United Kingdom. The broker website is available in multiple languages, an aspect that allows the company to accept traders from all parts of the world, other than the United States of America, on their online binary options trading platform.
Although this binary options broker is not yet regulated, it is currently in the process of being regulated by the CySEC, one of the most popular binary options regulating bodies in the world. Regardless of the fact that the YesOption broker is not yet regulated, it has gained immense popularity among binary options traders across the globe. Owing to the full integration offered by this online binary options trading platform, it is possible for trades to access both Forex trading as well as binary options trading services on the same platform. Some of the unique and beneficial features offered by this platform offered by this platform include the 100:1 leverage, Take Profit, Roll-Over and the stop-loss feature. The payouts offered by this broker are also some of the highest in the industry.
Are There Complaints About the Broker?
After being in the market for a considerable period, it is very commendable for this broker to have no negative feedback or complaints from the thousands of traders using its online binary options platform to invest in the financial market. This is really magnificent because it helps convince the many binary options traders looking for a reliable partner that the YesOption binary options trading platform is actually to safe and secure trade on. Additionally, this is an indicator that the services offered by this binary options broker are outstanding because none of the traders on this platform has ever complained about them. Any of the binary options traders who have ever used this online binary options broker can attest to the fact that this is one of the most reliable and easy to use binary options platforms in the industry.
The platform on offer by this binary options broker is not only user-friendly, but also offers some of the best and applicable binary options trading tools and features in the industry. While trading in binary options comes with a considerable level of risk, using the YesOption online trading platform makes thing s a lot easier for both the novice traders as well as the professional traders in the financial market. Having investigated this binary options broker intensively and having operated a trading account on its binary options trading platform, we are the reliable and factual source of YesOption broker information you should rely on. As a matter of fact, the YesOption broker does not have any complaint from any user on its binary options online trading platform.
While many traders in the financial market are a bit sceptical about investing their money with brokers that are not regulated, we would like to confirm that the YesOption binary options broker is trustworthy, reliable and secure for traders from the various parts of the world. The other treason why this broker is yet to register any complaints by the traders on its platform is because if the highly responsive and reliable customers help services it offers on its binary options platform 24/7. This way, the traders on the YesOption binary options platform get their problems solved as soon as they arise. As such, the traders have nothing to complain about, regarding this binary options trading platform and binary option robot.
Among the spectacular features offered by the YesOption binary options broker is the high bonuses and promotions it offers to the binary options traders on its platform. In this regard, traders get up to 100 percent of their deposited money into their trading accounts with YesOption. This implies that the YesOption binary options broker can award up to $2,500 in bonuses to a single trader for depositing money into his or her trading account. In a bid to make the platform more flexible and convenient for traders across the globe, the YesOption broker allows its customers to deposit money into and withdraw from their trading accounts using an array of payment processors, such as Neteller, Credit Cards, Western Union and Wire transfer. The exposure limit imposed by this broker is currently set at 5000 currency units, depending on the trader’s preferred currency.
It is a requirement by this company that all the traders registered on its binary options trading platform verify their identity and location before they can withdraw from or deposit into their trading accounts. This is done by submitting the verification documents required y the company. While some traders may view this as inconveniencing, it is a measure by the company to offers a safe and secure binary options trading environment and curb identity theft on its binary options trading platform.
Is this Broker a Scam?
As mentioned earlier in this article, there are no complaints by any of the numerous traders using the YesOption online binary options trading platform. This alone is enough evidence to prove that the broke is not a scam provider. It is important to clarify that the YesOption broker is not a scam because there is a misconception among traders that brokers that are not regulated are scams. Well, the YesOption binary options trading platform is not regulated, but still is a trustworthy and legitimate provider in the industry. Not only is it easy for trades to carry out various transactions and trade in binary options on this trading platform, but the broker offers a safe and secure trading platform for traders from various parts of the world.
The YesOption binary options trading platform is a highly professional trading platform that has never recorded any misconduct since the time it was launched. The platform also features a professionals, knowledgeable and very responsive customer support staff to help the traders using this platform with any problem they may come across while using the platform. The broker also has strict security and privacy policies in place to help safeguard traders’ activities on its binary options platform.
Although the YesOption broker is relatively new in the market, it has proven to be a very reliable and trustworthy binary options broker offering a secure online binary options trading platform. We understand the fear of many binary options traders not wanting to open accounts with binary options brokers that are not regulated; it is because of the ever increasing number of scams in the binary options industry. At 7binary options, we only include the binary options brokers that have been tested and approved by our binary options professionals in our list of trusted brokers. One of the aspects that many traders on the unreliable binary options platforms have to complain about is the withdrawal and deposit process. Any trade who has ever used the YesOption binary options trading platform to trade in binary options will tell you that the deposit and withdrawal processes on this platform are secure, fast and straightforward. The YesOption binary options broker is not yet regulated, but is currently in the process of being licensed and regulated by CySEC.
The Login Process at YesOption
With a single and easy login process, the trades who are registered with the YesOption binary options trading platform can access all the benefits and features offered by the company. The platform was designed by professional binary options traders. As such, you should expect the platform to offer all the tools and features you would require to make your binary options trading experience enjoyable and highly profitable. The YesOption online binary options trading platform was specifically designed to meet the various requirements of the binary options as well as Forex traders in one advanced platform. The minimum amount you can invest in a single trade on this platform is 25 currency units while the maximum is 2,500 currency units.
The platform also offers an array of short term as well as long-term investment opportunities for traders in binary options. Some of the short term investment opportunities on offer by the broker include two-minute, sixty-second and five-minute options. However, the minimum amount of money that trades can invest in these options is 1,000 currency units. Just like the signup process, the login process allowed by this platform is very easy and straightforward. This may be attributed to the fact that the platform was specifically designed with the new traders in mind. Once logged into your YesOption trading account, it is also easy for traders to navigate through the platform and make use of the various features and trading tools on offer. Some of the tools and features you will be able to make use of once logged into your account include Economic Calendar, Heat Maps, Fibonacci Calculator and High Quality Signals. Although the YesOption online binary options trading platform has been made easy enough for novice traders to easily understand and make use of, it features all the tools and features you would need to make your trading endeavour successful.
The login will also allow you to access the online binary options trading academy offered by the broker on its platform. The YesOption online academy is equipped with an array of educational materials to help learners grasp the trading concepts with ease. The training here is offered in form of eBooks, one-on-one sessions with industry experts as well as coaching videos. Such materials are vital, when it comes to preparing binary option traders for the real trading environment. Regardless of the account type you have on this binary options trading platform, you will need to log in with the username and password you provided while signing up for the account on the YesOption binary options platform.
YesOption Withdrawal Process
All the withdrawals from YesOption trading accounts are processed within a short period are convenient and secure. The withdrawal requests form this platform are essentially processed through the same account that the trader used to deposit the money. In the event that the trader has a problem with that method, they can always request for an alternative withdrawal method. In such a case, the withdrawal request will be processed through wire transfer to the trader’s bank account. However, the bank account to which the money will be sent must bear your full name. This is a measure taken by the company to ensure that the traders’ money is safe, regardless of the transaction being carried out.
For withdrawals from your YesOption trading account to be processed, you need to verify your account with the broker by sending the required verification documents to docs[email protected] The time taken for trades to receive their money after submitting their withdrawal requests is affected by various aspects. To know the expected processing period for your withdrawal, you should contact the customer care team at YesOption.
The withdrawal fees from your YesOption binary options trading account will be affected by various things, some of which are mentioned below:
- Standard Accounts – the initial withdrawal is free of charge
- Gold Accounts – traders get a free withdrawal once every month
- Platinum Accounts – all withdrawals are free for traders with this account type
The amount of fees charged for withdrawing from your account will also be affected by the method of withdrawal you are using as follows:
- Skrill – 2 percent of the withdrawn amount
- Wire Transfer – $50 per transaction
- PayPal – 3.5 percent of the withdrawn amount
- CashU – 7 percent of the withdrawn amount
Provided that you understand the withdrawal rules and regulations and have verified your account with this broker, you should not have hard time withdrawing from your YesOption binary options trading account. The withdrawal process is very straightforward, which indicates that the broker is genuine and trustworthy.
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