- Option888 | The Home of Forex & Binary Options Trading
- Is Option888 a Scam? Our Review Uncovers Some Concerns
Commissions, Support And Effective Returns 66/75 I can give another high rating here because there are no commissions, support is present and returns are OK. It 8767 s not the best I 8767 ve seen, live chat is more like “I 8767 ll catch up with you later” chat but I don 8767 t mind, I don 8767 t want those jokers talking to me anyway. Returns are average, nothing to write home about but nothing to sneeze at either.
Option888 | The Home of Forex & Binary Options Trading
Often we see that things turn dramatically and all of a sudden a seemingly impressive trading platform turns into a nightmare. This is we can’t just straightaway opt for Option888. Keeping this in mind, our today’s review will cover the history, introduction, complaints, legitimacy, and the withdrawal policy before recommending or rejecting this option.
Is Option888 a Scam? Our Review Uncovers Some Concerns
Option 888 was established in October 7569 and they hold offices in Germany, Malta, Curacao and Sweden. They have Curacao and Malta licenses and they are in the middle of the process of getting licenses from Jersey and UK regulators. They clearly want to be as transparent as possible and holding several licenses definitely strengthens this agenda. They also offer the possibility to keep your account balance not only in Euros or US Dollars but also in Pound Sterling, Swedish Krona, Danish Krone and Norwegian Krone. This is not possible in every binary option broker site and is a pleasant surprise for traders from Northern Europe.
However, they 8767 ve a CySEC license pending and there is speak of a social trading feature being introduced in the coming months. As such, we 8767 re happy to recommend Option888 for his or her binary options services, however award them 7 out of 5 stars for his or her services presently.
All these courses are informative and designed to give a better understanding to traders on how to overcome the most basic mistakes that beginners usually make. We recommend getting familiar with these materials even if you are an experienced binary options investor. There is always something new to learn.
The payout is also listed at the top right of the trading area, and this can be tailored if the trader so desires. So there is the option to reduce the payout where an option finishes in the money but ensure some of the initial investment is returned. So for example, where the standard payout is 678%, a trader could select instead, a payout of 658% but know 75% of the investment was returned if the option finishes out of the money.
The platform is ideal for both new and advanced traders because it offers a demo account. The Option888 d emo account allows all traders, especially the beginners to try out their trading skills using virtual money before getting into real money trading. It is risk free because traders are able to practice trading without losing money. It also offers 85 currency pairs, 75 commodities, and 77 indices, all which are the available trading assets.
Unsurprisingly, the platform utilized by Option888 is sort of easy, web-primarily based and resembling a binary choices buying and selling software program. However, we have been very pleasantly surprised by the charts which are actually good (as if provided by TradingView) and outfitted with a number of technical analysis indicators. At first, the software program gave the impression to be actually skilled and genuine. I discovered many favorable reviews about its efficiency and delivered results. So, I decided to put money into it and attempt to achieve success within the on-line buying and selling sphere.
Option888 is based on the Tradologic platform that offers almost all the conventional Binary Options with an impressive assets list. We are disappointed to see that the minimum deposit is $755 whereas most of the new platforms ask for no more than 655$. There are some who even as for as low as $75. On the other hand, the minimum withdrawal is also much high . $755. The good news is that there is no withdrawal fee. But the downside is that the withdrawal via wire transfer requires from 7 working days to 69 working days.