Is There EmpireOption Scam ¦Credible Binary Broker South Africa

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Is EmpireOption a Scam?

Majority of binary brokers struggle to establish good reputation and find a way to communicate to their customers due to both frauds and fierce competition.

While competition can be a driving force which helps brokers to keep working hard in order to provide their customers with best possible service, many new brokers never manage to sustain long-term viability. The reason – traders prefer to do their trading with established brokers.

This does not apply to EmpireOption, who have been around since 2020. They have been successful in gaining a devoted following of traders who are happy to use EmpireOption trading platform.

Being in business for that amount of time lends this broker both credibility and reassurance that South African traders can expect fair business from EmpireOption.

We have conducted a detailed analysis of this broker and we are pleased to confirm that there is no scam in connection with EmpireOption. Hence, South African traders can rest assured their funds are in good hands and all the trading they do with EmpireOption is fair and transparent.

We have not received any complaints about EmpireOption and no scam rumors have been confirmed. Because of this, we are recommending this broker to our South African traders.

Furthermore, simply being a fair broker does not guarantee business success. Brokers also must offer fantastic features which both educate and help traders in achieving their set goals when they do binary options trading.

That is why we are happy to recommend EmpireOption to our South African traders – EmpireOption deliver on both accounts. Additionally, they also have a detailed and transparent Terms & Conditions section where South African traders can read all they want to know about doing business with this broker.

Another point in favour of EmpireOption is their fantastic educational possibilities which give traders concise and clear instruction on how to navigate the binary options trading successfully.

All this confirms that EmpireOption is not a scam, making it a possible option for South African traders.

EmpireOption Demo Account

While there isn’t EmpireOption demo account as such, South African traders can take advantage of of their superb training section which offers great variety of tools.

The core idea behind their training section is to allow their South African traders to explore their trading platform and accompanying tools and features. Incredible tools and features include: Seminars, Tradebooks, Empire tv, Simulator, Signals and One-to-One.

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With Seminars, South African traders get all the necessary knowledge on how to be a successful trader since all seminars are interactive and are adjusted to all levels.

Tradebooks are digital guides, user-friendly and packed with useful advice.

In Empire TV, South African traders can find interactive video while One-to-One will give them customized classes with an account executive.

Simulator is a tool which allows investors to try and predict financial events and their effect on the value of assets. On the other hand, Signals gives South African traders info on best buy or sell opportunities as well as price behaviour predictions.

In order to get access to all these great features which are there to turn traders from average to successful, all there is to do is deposit the minimum of $200. Then South African traders can embark on the binary options trading journey with EmpireOption.

EmpireOption Login

Keeping in mind that EmpireOption login is rather fast and straightforward, South African traders should not find this problematic.

Once traders decide to open an account with EmpireOption (you can click Start now, or Open new account in upper right corner) a simple form titled Personal Information will appear. There South African traders must provide their first and last name, email, date of birth, county of residence and mobile phone. In another form which appears side by side, called Account Information, traders also have to give their preferred passwords as well as account currency and their objective.

There South African traders must provide their first and last name, email, date of birth, county of residence and mobile phone. In another form which appears side by side, called Account Information, traders also have to give their preferred passwords as well as account currency and their objective.

When they do all this they enter the verification code provided and click Open Account icon.

They will also be asked to upload scans of personal documents which include ID photo, copy of the utility bill for residence confirmation and a credit card copy.

Once that is settled, traders will have to use their login each time they wish to either navigate the platform or do binary trading.

In the upper-right corner they must enter their username and password and then click enter after which traders from South Africa are free to use EmpireOption platform and start with the binary options trading.

EmpireOption App

It is hardly surprising that mobile apps are penetrating binary options trading. World we all live in is fast-paced and decisions are made quickly and on the go. For this reason EmpireOption, always new and up-to-date, developed and made available their EmpireOption App for mobiles.

Traders are able to do their EmpireOption binary trading on tablets, Android smartphones as well as Apple’s iOS. The EmpireOption app is available for download from App Store and Google Play. South African traders simply use their login credentials and get the app.

Considering the fact that both tablets and mobile phones have a much smaller screen, trading interface might not look exactly the same but will be fitted to work effectively on smaller screens. The difference, is, however, simply visual because in everything else the app is exactly the same. This fact should help traders to feel more confident while using the EmpireOption app.

Traders from South Africa will find it simple to trade in this manner since mobile trading allows them to do so from virtually any place, using the platform they are familiar with.

By using EmpireOption app, traders can make sure they never again pass a great opportunity just because they were not home, sitting behind their computers.

EmpireOption Minimum Deposit

$200 is the EmpireOption minimum deposit. Now, this might not be the lowest deposit but South African traders will get a fine set of tools and features as well as EmpireOption Micro Account.

Naturally, should the traders want more features and more privileges EmpireOption has more advanced accounts which come with a higher deposit but do offer more opportunities.

Those South African traders who opt for EmpireOption minimum deposit get 8 trades, since $25 is the absolute lowest amount for investing available on EmpireOption.

Traders get the opportunity to start their binary option trading journey though, if they decide to deposit higher sums, those opportunities do become more versatile and they include more benefits too.

For those South African traders who are looking to trade beyond EmpireOption minimum deposit and their Micro Account, several other accounts are available:

Classic Account

  • Waiting Period: 7 working days
  • Cost: 25 USD
  • Maximum withdrawal: 2000 units per month
  • Minimum Withdrawal: 100 units
  • Minimum number of operations: 15
  • Cost of closing account: 50 units

Plus Account

  • Waiting Period: 5 working days
  • Cost: 20 USD
  • Maximum withdrawal: 3500 units per month
  • Minimum Withdrawal: 100 units
  • Minimum number of operations: 10
  • Cost of closing account: 150 units

Preferential Account

  • Waiting Period: 3 working days
  • Cost: 10 USD
  • Maximum withdrawal: 5000 units per month
  • Minimum Withdrawal: 1 units
  • Minimum number of operations: 5
  • Cost of closing account: 500 units

Empire Vip

  • Waiting Period: 1 working day
  • Cost: 0 USD
  • Maximum withdrawal: 40.000 units per month
  • Minimum Withdrawal: 1 units
  • Minimum number of operations: 5
  • Cost of closing account: 3000 units

Whether traders decide upon EmpireOption minimum deposit or a higher deposit, they can do so by opting for: bank wire, credit cards or e-wallet with no additional fees.

EmpireOption Withdrawal

The withdrawal process itself is easy and simple. South African traders must fill out a withdrawal request. After that, EmpireOption withdrawal for registered traders is done by EmpireOption finance department.

In order to make any withdrawals, South African traders will have to provide a valid telephone number as well as identity documents too.

All EmpireOption withdrawals which are over $1000, EmpireOption is within their right to choose by which electronic method shall they credit the funds and the currency which shall be used.

South African traders should also carefully study which rules for EmpireOptions apply for particular account which we have given in minimum deposit paragraph.

First EmpireOption withdrawal each month for Classic Accounts, Plus Accounts, Preferential and Empire Vip is free of charge.

In order to make a withdrawal, traders must conduct a minimum of operations which vary for different accounts (see details under EmpireOption minimum deposit paragraph).

Additionally, since EmpireOption is very much aware just how important it is to make all personal and financial data safe, they use encrypted transmission of those information using secure socket layer technology (SSL) which provides the maximum security and tries to ensure that all EmpireOption withdrawals are safe.

If South African traders should encounter any problems with withdrawals, they should contact EmpireOption at [email protected]

Is EmpireOption Legit Broker?

It is normal and absolutely expected that South African traders should ask themselves if EmpireOption is a legit broker?

Since this is one of the biggest binary options brokers present on the market, this is a fairly frequent question and many satisfied traders who have been trading with them over the years have confirmed that EmpireOption is a popular broker among numerous traders.

Their success is based on the excellent service they provide which is fortified by numerous tools and features, various accounts they offer, training and educational materials available as well as customer support and clear-cut Terms & Conditions.

Add to this the fact that we have not received any complaints nor have there been any rumors about EmpireOption scam, we are happy to conclude EmpireOption is a broker South African traders can do trading and possibly end up with high profits.

On the other hand, some traders do become concerned when they find out EmpireOption is not registered. This should not worry our South African traders since the explanation is simple and straightforward.

EmpireOption is not registered because their goal is to expand their market not just to Europe and South Africa, but to global proportions.

EmpireOption Review

EmpireOption is an unlicensed binary options broker. Their processing is provided by Brighton Digital Services Ltd., located at 11A Arcade House, Temple Fortune, London, NW11 7TL, United Kingdom. Their phone numbers are: Brasil: +55 11 3957 0364, USA: ( 212) 845-9749 and Mexico: (+52) 722 477 9925 .

Their email address is: [email protected] For trader complaints read this.

Trading Robot & Signals

Warning! There are many robots that work with EmpireOption. Most robots are not good, read about the scams.

The most popular real automated trading systems can be found here.

EmpireOption Review

When we reviewed EmpireOption, we see that they are using the popular SpotOption platform. This gives traders over 180 assets for trading binary options. They also have long term options, 60 second options, as well ladder options. The platform has the iFollow feature for traders looking to follow the trades of other traders. They have both an Android & Apple Apps for mobile trading.

Empire is a popular South American broker in countries like Brasil, Argentina, Columbia and Mexico. They have customer service in English, Spanish and Portuguese. EmpireOption offers many local payment methods for South American traders including Dinero Mail, Bank ticket, Boleto Bancario, Skrill Moneybookers, Payza, Neteller, Inpay and Online Banking.

The minimum deposit for new accounts is $200.

EmpireOption License

The most important thing we look at when reviewing a binary options broker, to determine if they are a legit broker or a scam broker is very simple. Are the licensed and regulated by CySEC in Cyprus? Do they fall under the MIFId regulatory rules in the European Union (EU)?

EmpireOption is not a licensed broker. For an updated list of licensed brokers, see here.

Compare EmpireOption

Traders can choose from many brokers including the top rated brokers here.

What is your experience with EmpireOption? Do you think they are a legitimate broker or do you think they are a scam broker.

Please leave your review in the comments section below.

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