Launched in 2013, TopOption was intitially operated by Safecap Investments Ltd, a Cyprus Investment Firm founded in 2008. It was regulated by Cyprus Securities and Exchange Commission (CySEC) and the FCA. TopOption is known to be one of the most prolific organizations active in the online trading industry, operating well-known websites, such as ForexYard, Markets.com, and GoForex.
When it comes to reliability, TopOption takes its reputation very seriously. It is a member of the Cypriot’s Investor Compensation Fund, the organization that provides insurance coverage of up to €20,000 for each trader in case TopOption hit liquidity issues. Apart from this, the company’s operational funds are separated from the trading funds of the clients. To avoid the integrity of the trading platform from being compromised by hackers, all internet data are encrypted.
TopOption’s operation has since been transferred to Nuntius Brokerage & Investment Services S.A., a company that deals with financial services and is located at 6 Dragatsaniou Street, 7th Floor, 10559 Athens, Greece and authorized and regulated by the Hellenic Capital Market Commission (HCMC) under license number 4/727/31.08.2015. This led to TopOption also becoming one of the first authorized brokers by the EU. A site will not be approved for EU trading unless it shows that it is a site that has safe and secure banking practices and a fair and reliable trading platform.
TopOption offers the Classic Option, where a user predicts whether an option’s price will go UP or DOWN after a certain period of time. It also offers a One Touch Option, where if a user thinks the asset will go up and hit a pre-set rate on top of the present price, before expiry, then they simply press TOUCH and TOP. If they think the asset will go down and reach a pre-set rate that is lower than the current price prior to expiry, then they just press TOUCH and BOTTOM. It also offers a Speed Master Option, where the user will predict the direction of a selected asset over a 60-, 90-, and 120-second periods. Lastly, it offers the Touch/No Touch Option, where a user determines a target and predicts whether or not a selected asset will or will not touch the target.
The homepage is clean and easy to navigate. It features a working model of the TopOption platform, where a site guest can examine its fundamental functions and TopOption’s list of assets. The “Learn about our Product” part explains the various binary option products that are available, along with a “Resource Center” tab, a multi-media center that boasts of one-on-one personalized training opportunities, a rich video library, and an exclusive eBook series. Through this center, TopOption offers all the information needed, from basic trading definitions to video webinars on trading trends, techniques and strategies. Here, a beginner can learn the building blocks of binary trading and even more experienced traders can pick up a few tips and tricks. Also present on the homepage is a Trends ticker that shows users useful trending articles relative to the industry and a newsroom offering an economic calendar, a newsfeed that features the latest updates in the market updates, and daily and weekly market reports.
At the very bottom of the page is a straightforward, concisely worded navigation of all the site’s contents, where users can easily determine what element to click on to get the data that they need.
TopOption offers three account types: Starter, Pro, and VIP. In all accounts, the minimum investment required to open a trade is $5. The average ratio for payouts is around 85%, but TopOption boast higher ratios for its VIP account holders.
Users who make an initial deposit from $100 to $999 are entitled to a Starter account. This comes with a welcome bonus of up to $250, access to a shared account manager, full access to web and mobile platforms, in-platform activated risk management tools, a starter guide from the TopOptions’ exclusive eBook series, an introduction to 1-on-1 training, full and free access to the e-video library and newsroom research, alerts, and updates.
Users who make an initial deposit from $1,000 to $4,999 are entitled to a Pro account. This comes with all the bonuses, access, and advantages of the Starter Account, plus a professional account manager, an Advanced Guide from the TopOption’s exclusive eBook series, and three-hour worth of 1-on-1 training with TopOption’s financial and trading experts.
Users who deposit $5,000 and up are entitled to a VIP Account. This comes with all the bonuses, access and advantages of the Pro Account, plus a specialist account manager, unlimited 1-on-1 training time with TopOption’s financial and trading experts, off-trading hour assistance, and access to the trading central report.
TopOption offers a Welcome Bonus of up to 100% of your initial deposit. A deposit of $200 to $499 entitles an account to 50% of said deposit and an initial deposit of $500 and higher entitles an account to the 100% Welcome Bonus.
TopOption also give a bonus for referring a friend to sign up with TopOption. When this referral relationship is established between a user’s account and that of his referred friend, the referring user will then be receiving bonus funds from TopOption whenever the referred account makes a deposit. These bonus funds can range from $35 to $350 or more, increasing as the amount deposited by the referred account also increases. Note that the bonus promotion will not be available in the following countries: Bolivia, Afghanistan, Brazil, Cuba, Canada, Democratic People’s Republic of Korea, Ghana, Ethiopia, India, Islamic Republic of Iran, Iraq, Israel, Korea, Kenya, Malaysia, Nigeria, Myanmar, Pakistan, Sao Tome and Principe, Puerto Rico, Sri Lanka, Tanzania, Syria Arab Republic, Thailand, United States, and Turkey,.
TopOption also gives bonuses for prolonged use of their trading platform, upon reaching benchmarks in a users trading career and during special events.
Payment & currencies
TopOption accepts deposits and withdrawals in Euros, British Pounds, and US Dollars.
The minimum deposit amount is $100. TopOption promises not to charge any deposit fees, any commissions or fees on trades. Withdrawal requires a user to put in a withdrawal request through their account. Once the withdrawal request is approved, it will be processed by TopOption and sent to the same bank, credit card, or other source for execution as soon as possible. Some banks and credit card companies may take time to process payments, especially in currencies where the correspondent bank is included in the transaction. The funds will be returned to the account from which the funds were debited. TopOption also promises not to charge any withdrawal fees.
Deposits and withdrawals can be made through credit cards (Mastercard, VISA or Diner’s Club); Fastbank transfer (where users can move funds in their local currency that therefore saves on conversion costs and fees; also a faster transfer service than normal wire or banking transfers); and through the use of WebMoney.
Platform & assets
The TopOption trading platform is simple and easy to use. It offers a straightforward user experience and the user is not required to download the platform to start trading. The online platform also features a range of unique tools, such as advanced charts, as well as Double-up, Rollover, and Buy Me Out features. Additionally, flexible risk management tools allow users to take charge and determine the risk to return percentages for better control over each trade they make.
“Buy Me Out” is a unique feature offered by TopOption; it gives users the opportunity to close their position before the expiry time. Users can use “Buy Me Out” regardless of the position (in loss or in profit) as long as it is five minutes before the expiry time.
The TopOption Rollover feature allows investors to delay their expiry time. A 30% increase on the initial investment enables the user to postpone the trade expiry for a better chance at getting out of the trade in-the-money.
When user feels confident in their prediction of the market direction then TopOption’s unique double-up feature enables them to maximize their earning potentials by doubling their investment mid-trade; thus, doubling their potential payout.
TopOption offers an extensive 180 assets for trade in the form of commodities, currencies, indices, and stocks. They are as follows:
Commodities: Coffee, Gold, Corn, Gold vs Oil, Gold/Eur, Gold vs Silver, Platinum, Sugar, Silver, Wheat
Currencies: AUD/CHF, AUD/USD, AUD/NZD, EUR/AUD, EUR/CHF, EUR/CAD, EUR/GBP, EUR/RUB, EUR/JPY, EUR/USD, GBP/USD, GBP/CHF, NZD/JPY, USD/CAD, NZD/USD, USD/SGD, USD/ZAR, and USD/TRY.
Indices/Futures: ASX, BOMBAY SE, ASX Future, DAX, DOW, DAX Future, DUBAI, FTSE Future, FTSE 100, IBEX, JAKARTA SE, IBEX Future, KL Future, NASDAQ, MICEX10, NASDAQ Future, NIKKEI 225, NIFTY, RTS, S&P 500, RTS Future, S&P Future, SSE180, SMI, Straits Times, TOPIX, and Tel Aviv 25.
Stocks: ANZ Bank, Amazon, Apple, Apple vs Google, Apple vs Amazon, Arabian Pipes Company, Banco Santander, Axis Bank, Barclays, BHP-AU, BHP Billiton, Baidu, Bovespa-F, BP, BNP Paribas, British American, Citigroup, Caterpillar, Citigroup vs AIG, CTC Media, Coca Cola, Danone SA, Deutche Telecom, Dell, Disney, FAZ-SFORT Banks, eBay, FIAT, Gazprom, France Telecom, General Motors, Google, Goldman Sachs, Google Vs Baidu, HSBC Holdings, Groupon, IBEX, IBM, Las Vegas Sands, JP Morgan Chase, Linkedin, Lukoil, Louis Vuitton, Mastercard, Netflix, McDonald’s, Petrobras, Pfizer, Petrochina, Platinum, Rio Tinto, Publicis Groupe, RIO-AS, S.BANK India, RTS, Sab Miller, Sberbank, Saudi Arabian Refineries, Starbucks, Tata Motors, Straits Times, Tata Steel, Tesco, Tel Aviv 25, Teva Pharma, Toyota, Total, Unilever, Vodafone, Vivendi Sa, and Wynn Resorts
TopOption is recognized to be the first binary options broker to have launched a mobile trading application in the industry and the first binary options broker to offer their investors an application, where they can perform mobile trading. This was the advent of mobile binary options trading and gave traders the opportunity to be trading outside of their offices and homes and ready to respond immediately to trading signals and sudden market shifts with their own platform at their fingertips. They’ve recently re-released their mobile platform with updated functions made to match the new customization of their PC platform. The mobile platform is sleek and efficient, optimized for minimal lagging and freezing, and has all the features and functions of its PC counterpart. The application supports iOS and Android phones and is free for download on the App Store and on Google Play.
TopOption.com, along with its platform, features more than 20 languages: Swedish, Russian, Dutch, English, Spanish, French, German, Italian, , Norwegian, Chinese, Polish, Arabic, Romanian, Portuguese, Bulgarian, Chzech, Greek, Hungarian, Lithuanian and Slovak.
TopOption offers customer service support through live chat using a button on the top right corner of the website; through email at support@TopOption.com; and through multiple phone lines in different countries including Austria, Australia, Belgium, France, Cyprus, Italy, Spain, Netherlands, and the UK, with representatives available 24 hours a day and 7 days a week.
Pros & cons
TopOption offers convenience in mobile trading, and high returns and high bonuses. The product ranges are exciting, the asset list is wide-ranging, and the trading tools are comprehensive.
Customer Service By:
Phone, Email, or Live Chat
Swedish, Russian, Dutch, English, Spanish, French, German, Italian, , Norwegian, Chinese, Polish, Arabic, Romanian, Portuguese, Bulgarian, Chzech, Greek, Hungarian, Lithuanian and Slovak
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Personal Account Manager:
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