EmpireOption is a binary option broker registered in 2011 in the British Virgin Islands. It has offices in the UK, Russia, Uruguay. This is one of the few companies specializing in binary options trading with its representative offices in South America.
High quality of services and a well-planned set of trading instruments and underlying assets ensure the broker’s firm position. Many rating agencies are unanimously ranking EmpireOption among top 10 binary option brokers.
The company has over 200 000 customers, among which are not only private traders but also large institutional investors.
Deposits and Withdrawals
Customers of EmpireOption can make a deposit or withdraw funds from the account using the following financial instruments:
- Bank transfer;
- Visa, MasterCard, Maestro credit cards;
- WebMoney, Skrill E-Wallets.
All payments are made accurately and in due time. Bank transfers (including transfer to a credit cards) are made within 2-3 working days. E-Wallet payments are processed within one banking day. The broker charges no additional commissions for payments. A trader pays only commissions charged by payment systems.
Reliability and Certification
EmpireOption is an unregulated company. This fact as well as registration in the offshore area cause some doubts regarding the broker’s reliability.
However, it is noteworthy that the company is putting great efforts to dispel these doubts.
It ensures high level of reliability, security and safety of traders’ financial operations by introducing innovative information and banking technologies, including modern security systems.
To guarantee safety of customer deposits, the broker is widely using segregated accounts allowing to keep traders’ funds separate from the broker’s funds.
Bonuses and Promotions
Customers of EmpireOption get a welcome bonus, which can reach 100% of a one-time deposit. The bonus is granted for each deposit of no less than $100 USD.
Bonus money is intended for trading, like at other brokers. Customers can withdraw it from the trading account only after meeting certain conditions, which is reaching a certain increase in the deposit as a rule.
Trading Accounts and Options Types
EmpireOption does not offer a great variety of accounts to its customers. They can use only one type of live account, which allows to trade the entire range of trading tools and underlying assets.
- The main currencies are USD and EUR.
- Minimum deposit is $100 USD.
- The company clients can open demo accounts.
The range of options offered for trading is quite standard:
- One Touch;
- Turbo Options: 30 seconds, 60 seconds, 120 seconds.
The same goes for underlying assets:
- Stock indices;
- Currency pairs;
- Company stocks;
Customers of EmpireOption are trading on the standard trading platform SpotOption. This is reliable well-proven web based software.
The platform supports the following languages:
The broker’s customer service is available on 24/7 basis. Customers can contact the support team in the following ways:
- Live chat on the official website.
Clients can communicate with the support representatives in one of the following languages:
Pros of trading with EmpireOption
The list of obvious advantages of EmpireOption is as follows:
- Well-optimized and flexible trading platform;
- Accurate real-time quotes;
- Wide choice of payment methods and their high reliability;
- Not high minimum deposit.
A lack of licenses is the main disadvantage of the company. Besides, there is no educational section on the company website, or rather there is but its structure and, what’s more important, content leave much to be desired.
Roman1979: I’ve been trading on this platform for quite a short time (7 months). Withdrawals are fast and accurate. Customer support specialists are qualified and very polite. It’s bad that they don’t speak Russian but I have a good command of English.
In technical aspects, EmpireOption has nothing to complain about and conforms to the world’s highest standards. The range of instruments is well-optimized.
As for legal aspects, there is some concern, or rather confusion. It is registered in the offshore area, has no licenses and puts huge efforts (and money) into development of innovative technologies aimed at insuring safety of trading and financial operations.
The use of the above technologies and close cooperation with large liquidity providers testify to the broker’s reliability.