Top Option- Trade Your Way To The Top
If you are someone who has always wanted to make quick money in a short span of time, then binary options trading is a very good choice. Binary options’ trading is quite complicated but the amount of risk is managed well by binary options broker and the trades generally turn out to be fruitful.
Top Option is a binary options broker and has been serving its client with some quality trading. It is well known for its solid trading platform and the degree of flexibility which it provides to its clients. SafeCap Investment Ltd. has made a huge name in the world of trading; it has made some of the greatest ever trading apps and tools. Top Option has been founded by SafeCap Investments Ltd. and is being managed since the year 2012. It has its head office at Treppides Tower, 6th Floor Kafkasou 9, Aglantzia P.O. Box 26522 CY2112, Nicosia, Cyprus.
SafeCap Investments Ltd. is a financial services provider and is being regulated under the watchful eyes of the Cyprus Securities and Exchange Commission (CySEC). It is also the company behind another successful binary options broker called Market.com. CySEC also operates all the European options market players through the Markets in Financial Instruments Directive (MiFID), which happens to be the license provider for other market players as well.
Top Option does not allow traders from the US to use their platform, even traders from Cyprus are not allowed to trade via Top Options. There are not many websites which have a great reputation when it comes to providing quality binary options trading services, but Top Option has worked really well to be known as one of the best in the business.
In this review we will take you through an in-depth review of the functioning of Top Options, we will tell you about its trading platform, we will tell you about its customer service department and we will also enlighten you regarding its features like trade contracts and others.
Trading Platform which Top Option uses
Top Option currently operates as a web based trading platform only. One does not need to download any software to use Top Option; it is just a simple web based trading platform.
Top Option uses the SpotOption trading platform which has got some incredible tools to deliver an amazing trading experience. The SpotOption Trading platform has always lived up to the expectation of millions of traders across the globe.
In the recent few years Top Option has also developed a beta app for trading via mobile phones. This means that traders can also trade using their mobile phones whenever they are on the go. This app yet to become sturdy but definitely helps a trader keep track of the basic things which are happening in the market.
SpotOption Trading platform provides traders with some of the best trading tools in the market and also some of the most recent news regarding what is happening around in the trade market. Here are some of the advanced features which can be used by the traders:
- The history graph feature: helps in tracking history of the previous trades.
- The rollover feature
- The sell option feature: helps the trader to quickly sell off his assets in the market.
- The trading confirmation feature: this helps in letting clients confirm things before they want to proceed.
Trade contracts offered by Top Options
Now let us quickly take you through the trading types or contracts which are offered by Top Options:
- 60 Seconds options: This is the first type of trade contract offered by Top Options. With this type of trade contract, a trading transaction can be completed in just one minute. For the ones who want to get a quick and easy return, this is the best type of contract to choose.
- Classic Binary Options: The classic binary options include those high/low and call/put binary options. These are the most common type of options which are chosen by dealers.
- One Touch Binary Options: These types of options require traders to be highly accurate with their future predictions. One can easily earn over 500% as return on investment is the predictions come out to be accurate.
- Option Builder: This is the fourth type of trading contract offered by Top Options. In this type of contract, one can take control of some of the trading aspects. This allows traders to determine their own risk ratio by modifying the percentage returns of the trade expiry outcome.
- ProOption: This is an entirely new type of a trading contract which is offered by Top Options. Here trader are allowed to select two different types of assets and then face them off in a trade.
With these many types of trading contracts, working with Top Options becomes easy and flexible.
Trading accounts offered by Top Options
Top Options again excels in the types of accounts which it offers. One more important point here is the fact that it does not charge a lot as a minimum deposit required before trading. Top Option allows its users to first start with a demo account and then proceed with proper trading. The demo account lets users polish their skills and get acquainted to trading and its various facets. These demo accounts require a minimum deposit of $100 and come with an expiry term.
Apart from the demo account, Top Option provides three main types of trading accounts, namely:
- Starter Account: This is the first type of account and is provided to traders who want to deposit a sum of $100-999. This account also includes a first time deposit bonus of $250, a starter glossary and a 1:1 introduction to the trading platform.
- Pro Account: This account is meant for the traders who wish to deposit a sum of money between $1000-4,999. This account has $500 as the first time or welcome bonus. One also gets a free 1-1 three hours training in the field of trading every month.
- VIP Account: The traders who wish to deposit over $5000 can join the VIP account. This account includes a bonus of $2500 and gives access to the advanced glossaries of trading. One gets unlimited 1-1 training in the field of trading. One also gets access to SMS signals.
Top Option will only let a trader redeem bonus after 40x volume of trading. There are other conditions as well; these can be clarified with the customer support team.
Funds Management and Payout Ratio
A person always needs to know how he will be able to manage his fund with any of these brokers. Well, Top Options provides traders multiple lines or methods to deposit or withdraw their funds and these include:
- Debit and Credit cards such as Visa, MasterCard, Maestro and Diners Club.
- Traders who wish to have electronic payments may use Web Money, Skrill, Moneybookers and Neteller.
- Those who wish to get their funds transferred directly to the bank can use Wire Transfer services.
There is no withdrawal limit for payments and one can withdraw money as per his/her requirement.
The Payout Ratio at Top Options is quite generous. A trader can get a maximum return 0f 85% on normal trades and a return as high as 500% when he uses One Touch Options type of trading contract. This is why Trade Options is preferred by a high number of traders irrespective of their experience in this field.
Asset index and Customer Support
There are multiple types of underlying assets which are given to traders for trading. A trader therefore never has to run out of options. One can choose to trade in over 180 types of underlying assets which can be categorized under the following headings:
The customer support service provided by Top Options is fantastic as one can reach them at any point of time and there are over 9 nine languages to communicate in. One can also contact them via emails and live chats. The customer service department is generous and solves all the queries and doubts of the traders.
Let us quickly go through some of the major advantages of trading with Top Option:
- Excellent trading tools
- SpotOption is used as a trading platform, which is one of the best in the world
- Superior web based trading platform
- Thousands of underlying assets to choose from
- High bonuses of over $2500.
- Regulated under CySEC
- Good amount of return on investment
These were some of major pros, now let us quickly take a look at few of the cons of Top Options
Apart from these there were no other flaws.
Top Option is one of the best binary options broker in the market. It offers a convenient trading platform and is regulated under CySEC. There are no chances of discrepancies when it comes to Top Options. It also provides a great customer support and is highly transparent.