Magnum Options Binary Broker
| Company: | Magnum Options |
|---|---|
| Maximum Trade: | |
| Minimum Trade: | $25 |
| Minimum Deposit: | 200 USD, EUR or GBP |
| Withdrawal Fees: | |
| Minimum Withdrawal: | |
| Bonus: | It varies with the deposit made |
| Payout: | up to 85% |
| Account Currencies: | USD, EUR and GBP |
| Currency Pairs: | 9 Currency Pairs |
| Tradeable Asset: | Forex, Commodities, Indices and Stocks |
| Trading Platform: | Call/Put, One Touch, Options Builder, The Open platform, 60 Seconds |
| Trading Instruments: | |
| Established: | 2013 |
| Licenses: | No License |
| Location: | British Anguilla |
| Regulation Status: | Not Regulated |
| Payment Methods: | |
| Ratings | |
| Trading Plarform: | 4.8/5 |
| Website: | 4.5/5 |
| Banking: | 4.4/5 |
| Customer Service: | 4.8/5 |
| Bonuses: | 4.1/5 |
| Customer Experience: | |
| Overall Score: | 4.8/5 |
| Assets: | |
| Reliability: | 5 of5 |
| Charting: | |
| Withdrawal: | 3.9/5 |
Magnum Options is one of the latest entrants in the field of binary brokers. They have their headquarters in the Anguilla a British Island and are considered to be more stable than Cyprus which is in general the hub of all the brokers. They have their management team composed of experts in the field of finance with an experience of 10 years and more. They offer a trading platform that is sleekest in its design and is based on the most acclaimed engine that is SpotOption. The minimum deposit required to open an account with them is $200 and is considered to be one of the most reliable brokers in the market.
Magnum Options broker provides to its customers 5 different types of account, each with unique features and special bonus structure. The broker offers to its customer 100% bonus for a deposit of $1000 or more in their executive account. They also offer to their customers various financial tools that assist then in trading successfully and with profits. Their eBook has details on the various account types which include mini, standard, executive, gold and platinum. The minimum deposit required to open an account with them is $200. Registration with the company is free and once the customer registers, he is eligible to browse the various pages of the site and view all the features. However, to start trading the customer needs to make the initial deposit.
The trading platform offered by Magnum Options is very much user friendly. The company has put in a lot of effort to personalize the platform and also customize it to the needs of the customers. The user interface of the platform is available to the customer in 3 different languages which include German, English and Italian. Magnum Options offers to its customers several trading tools like that of the One Touch, Options Builder, 60 Seconds option and The Open Platform. The Open platform offered by the company is the most advanced type of trading platform which allows the customer to sell back their options even before they reach their expiry. This tool is perfect for all those who would like risk management and if they want to lock in their profit if they are not sure if their stock will expire “in the money”
They offer to their customers on an average 75% payout. However, there are some trades like that of the one touch that can give payout as high as few hundred percent. They also provide to their customers a 10% rebate if their trade ends or expires in “Out of the Money”. They provide 59 types of commodities which include 21 types of stocks, 19 types of indices, 6 types of commodities and 13 types of currency pairs. The customer support service is excellent and can be availed through live chat, emails and phones in German, English and Italian. Trading through Magnum Options is safe and is also one of the most looked out binary option broker.