TopOption is a binary options broker registered in 2012. Right from the start the company got itself noticed as a reliable broker that came to the world of binary options for the long haul. This is because one of the first tasks the company solved was getting a license from an authoritative regulator – in 2012 TopOption was licensed by the Cyprus Securities and Exchange Commission (CySEC).
However, regulation alone is not enough for the success in the modern financial market. To attract customers, the company should offer not only reliable and safe trading tools, but also high-profit and dynamic ones. In this aspect, TopOption is worth high praise. A well-planned set of trading instruments and underlying assets, convenient user-friendly and at the same time powerful and up-to-date trading platform would favour any of the largest global binary brokers.
In view of the above, TopOption is worth to rank among the best binary options broker to date. Rapidly rising customer base is a strong proof.
Deposits and Withdrawals
To funds the deposit and withdraw money from the trading account, customers of TopOption can use the following financial tools:
- Bank transfer;
- Visa and MasterCard credit/debit cards;
- Skrill, WebMoney, Neteller.
Bank transfers are made within 3-5 working days. Online payments are processed within one banking day. Address and passport verification for the first withdrawal may take 7-10 days.
Reliability and Certification
As already mentioned, TopOption is licensed and regulated by CySEC. Besides, its financial activity is regulated by FSB (Financial Stability Board). These certificates cannot but inspire confidence in the broker.
Special mention should be made of various programs introduced by the company to ensure safety and security of customers’ operations and their deposits.
Complex data encryption schemes ensure accuracy, timeliness and high level of document flow protection, while the use of segregated accounts allows to secure traders’ deposits placed with major European banks.
Bonuses and Promotions
Customers of TopOption get a welcome bonus for each deposit of over $200 USD. For $201-500 USD deposits the bonus is 50% of the deposit value, for those above $500 USD – 100%.
Like at the majority of other brokers, a welcome bonus from TopOption is intended for trading and cannot be withdrawn until the minimum trading volume requirement is met.
More details about the bonus program are available on the company’s official website.
Trading Accounts and Options Types
Customers of TopOption can open the following types of binary options trading accounts:
The main but not the only difference between them is a minimum deposit size:
- Starter – $100 USD;
- PRO – $1 000 USD;
- VIP – $5 000 USD.
PRO and VIP account holders are eligible for professional training benefits.
Deposits can be made in USD, EUR or GBP.
The choice of options offered for trade is quite standard:
- One Touch;
- 60 seconds;
- Option Builder.
Underlying assets, more than 180 in number, are as follows:
- Currency pairs;
- Stocks of large corporations;
TopOption trading platform is a powerful software solution developed with the use of latest technologies. Convenient interface, extensive and diverse information analysis section make the platform equally popular among both novices and experienced binary options traders. The platform is web based and does not need to be downloaded on a PC or other device. It supports 21 language.
TopOption Customer Support is available 24/7. To reach the support center representatives clients may use multiline phone, Email or live chat on the broker’s official website.
The range of languages supported by the customer service is poorer than that of the trading platform. These are as follows:
Educational programs TopOption is offering to its guests and registered clients are worth special mention.
Pros of Trading with TopOption
The main advantageous features setting TopOption apart from the majority of its competitors are as follows:
- Low minimum deposit;
- Strong web based trading platform;
- Wide choice of underlying assets;
- High payouts.
Not quite clear customers distinction, or rather benefits to holders of different types of accounts, can be considered as a disadvantage. It is irrational to limit an access to training courses to starter account owners.
Franfran: I’ve been trading with TopOption for 2 years. It’s a splendid trading platform. Withdrawals are made in due time. Highly recommend.
MisterFX: Very slow broker. As for the quality of services, I have no complaint. Everything is clear and accurate, but overlong. Verification during the first withdrawal took 2 weeks. When I registered another account, the procedure was repeated but this time took 20 days.
Summing up the TopOption brief outline, there is no sense to go into details of the company’s advantages, though it should be mentioned they are numerous.
Two features, which are or will soon become obligatory for 21st century brokers, are worth noticing. First, it’s the license of the authoritative regulator; second, the responsive website with a great range of languages.