QuickOption – Overview

QuickOption – Overview

31 January 2020 • Broker

QuickOption.com offers two unique selling points: they’ve developed a new way of delivering personal customer assistance. And in addition, they’ve developed a complete mobile platform. QuickOption is accessible through regular lap or desk top browsers, but they are built to work well on mobile. They offer a complete solution as well – with useful educational tools, flexible trading options and a variety of trading tools and a variety of trading tools rendering an intuitive trading experience. They even offer the weekend trading feature. With regard to customer service, they have innovated a personal assistant for each trader. QuickOption is a good choice for binary option trading.

Is It Regulated?

QuickOption is regulated by CySec, the Cyprus Security and Exchange Commission. They are transparent in their transactions and take measure to comply with the industry standards.

Traders with QuickOption can access almost 120 underlying assets. They offer binary trading on underlying stocks, indices, currency pairs and commodities. The market information they provide makes it possible to remain updated regarding the underlying assets in each of the different classes.

What is the Trading Platform Like?

QuickOption has the first 100% mobile platform in the industry. This means traders can perform trades from almost wherever they are in the world. They offer access to trading signals, as well as social trading, making it for traders to engage in an interactive environment. Trading on the platform is straightforward and accessible.

Deposits and withdrawals

Deposits to an account at QuickOption can be made through wire transfer or credit card, with minimum deposit at $250. Minimum trade starts at $25. Withdrawals can be made by the same means and are processed immediately upon verifying the account with ID.

QuickOption does offer the possibility to open a demo account so that users can become more accustomed with trading and can try out different trading strategies. The demo account is offered to every trader upon making the first investment and is free of charge.

QuickOption has created something new in customer service: they provide every trader with a Personal Assistant. Traders can access their Personal Assistant through the app, whenever they have a question. QuickOption customer service is available 24/7 and traders can contact customer service by email at [email protected]

Languages:
English, Spanish, French, German, Italian, Danish, Swedish, Russian, Latvian, Japanese, Arabic, Romanian, Korean, Finnish, Indonesian, Turkish, Portuguese

QuickOption offers some remarkable features and industry leading opportunities like their specially developed mobile platform and their top of the line customer service, complete with a Personal Assistant for every trader. The trading tools are easy to use and offer good variety for traders of different tastes and interests. QuickOption is regulated by CySec and transparent in transactions. QuickOption is a highly recommended option for binary option trading!

A binary option trading is risky and not suitable for everyone. You may lose all your invested capital therefore you should not trade money you cannot afford to lose. Ensure you understand all the associated risks.

QuickOption Review

Overview

Introduction QuickOption is a relatively new binary options brokerage, gaining popularity mainly because of its innovative mobile application. It’s is the only binary options broker that offers its mobile app […]

Full Review Details

Screenshots

• Up to 92% rate of return

• Only one trading platform

Full Review

Introduction

QuickOption is a relatively new binary options brokerage, gaining popularity mainly because of its innovative mobile application. It’s is the only binary options broker that offers its mobile app as the only choice for binary options trading.

Headquartered in Cyprus, QuickOption started its operations in 2020. The company is authorized and regulated by the Cyprus Security & Exchange Commission (CySec) under the license number 207/13.

QuickOption allows trading in more than 70 underlying assets with up to 92% return on every successful trade. The mobile platform of QuickOption may be downloaded from Google’s play store as well as Apple’s app store.

Bonuses and Offers

At the time of writing this review, QuickOption is offering 100% bonus for a deposit of $250 and $500, 10% bonus for a deposit of $1000, 15% bonus for a deposit of $1500 and 25% bonus for a deposit of $2500. The company keeps introducing special bonuses and other promotions on special events such as Christmas, New Year etc.

Trade types

QuickOption offers standard High/Low options for trading. The expiry time ranges from one minute to more than one month. The rate of return varies from 70% to 92% depending on the asset you trade.

Asset Index

Following is a detailed list of all assets available at QuickOption for Binary Options trading.

• Currencies: EUR/USD, GBP/USD, EUR/GBP, GBP/JPY, EUR/JPY, USD/JPY, AUD/USD, USD/CAD, USD/CHF, CAD/JPY, NZD/USD, AUD/JPY, AUD/CHF, GBP/AUD, NZD/CHF, GBP/CAD, AUD/NZD, CHF/JPY, CAD/CHF, USD/ZAR, USD/TRY, EUR/TRY, EUR/CHF, USD/NOK, EUR/NOK, EUR/CAD, EUR/ZAR, USD/RUB, EUR/AUD, GBP/CHF, USD/MXN
• Commodities: Gold (XAU), Silver (XAG), Copper, Platinum XPT, Oil, Corn, Coffee, Sugar, XAU/JPY, XAU/EUR, XAU/XAG
• Indices : FTSE 100, DAX 30, Dow Jones, NASDAQ Composite, IBEX 35, CAC, S&P 500, Nikkei 225, SMI Future, MIB 40 Future, NIFTY, ASX 200 Future, Hang Seng Future, Bombay 30, Tadawul, KOSPI 200, MICEX, South Africa 40 Future, RTSI, TA25
• Stocks: Sumitomo, Tesco, JPMorgan Chase, Microsoft, IBM, Exxon Mobil, McDonald’s, PetroChina, BP Plc, BMW, Barclays, Deutsche Lufthansa, Samsung Electronics, Google, Apple, ANZ, Royal Dutch Shell, France Telcom, BHP Billiton, Societe Generale, BBVA, Gazprom, Amazon, Nike, Rio Tinto, Citigroup, E.ON, Baidu, Amex, Westpac Banking Corp, Facebook, Coca Cola, BNP Paribas, FIAT, AXA, Sony, ICICI, TATA Motors Ltd, Disney, Beiersdorf, Thyssenkrupp, Rosneft

Trading Tools

QuickOption offers only one trading platform which is its in-house developed mobile trading application. The application can be downloaded from both Google Play as well as Apple’s play store. The company also sends the download link of its application once you open a trading account on its website.

Deposits and Withdrawals

Interestingly, QuickOption doesn’t allow any deposit amount other than 250, 500, 1000, 1500 and 2500 figures if you are using debit/credit cards i.e. you can only make deposit in round figures, not exceeding $2500. However, no limits apply in case of bank wire deposits. Deposits can be made in Euro, US Dollar, Great Britain Pound, Japanese Yen, Swiss Franc, Chinese Yuan, Turkish Lira and Russian Rubble. If you are a US reportable person then you must provide your tax ID number at the time of deposit. Withdrawals can be requested via the same method which was used for making deposit. As of this writing, the company allows deposits via debit/credit cards as well as bank wire.

Support

Anyone can use [email protected] to seek any information about QuickOption while [email protected] can be used for trading account related questions. While reviewing QuickOption’s website and mobile application, we were unable to find out any telephone number of company or company’s representative. Similarly, no live chat was available either at the time of writing this review.

QuickOption Review

In this QuickOption review we will look into the latest broker out of the Rodeler group of brands. From first impressions, it seems as if they are tried to break certain broker conventions.

As you may have noticed, more and more Binary Option brokers are providing mobile trading as ancillary to their web platforms. It seems as if Quick Option just jumped straight into mobile trading. Quick option is quite a unique broker in the sense that they started out as an all mobile platform.

Needless to say, a broker that started as a complete mobile offering must have an extremely powerful application. Our reviewers were keen to get down to the testing.

Overview

QuickOption Accounts

What is interesting about QuickOption is that each trader is assigned a personal assistant. This assistant takes you through a few questions when they set up your account. These questions are designed to assess what account is best suited to you. There are 4 account types at QuickOption.

• Basic. This is the entry level account at QuickOption which requires a minimum investment of $250. It allows up to an 83% payout on each trade. New traders are also entitle to a number of introductory educational videos which allow them to better refine their trading skills.
• Silver. This account level has all the benefits of the Basic account but includes a live stream of the latest financial news. With the silver account, traders can also achieve up to an 85% payout on their trades. The silver account also has additional educational resources which are aimed at the more advanced stage. In order to make use of the silver account, the trader should invest a minimum of $2,500
• Gold. With the Gold account, traders get access to their own exclusive VIP manager. This manager is available regularly to help the trader with any questions. They also have the benefits of expert signals coming to them straight onto the platform from reputable data providers. Payout ratios can go as high as 87% when trading on the Gold account. The gold account also gives the trader access to expert trading courses. A trader requires a minimum of $15,000 deposit to make use of the Gold account level.
• Platinum. The platinum account level has all the benefits of the gold account but allows the trader to generate returns on trades of up to 89%. Traders who invest $35,000 are entitle to the platinum account.
• Diamond. Requiring a minimum investment of $50,000, the diamond account is the top tier account at QuickOption. It has all the benefits of the platinum account but has a payout percentage of up to 92%

QuickOption do also offer a number of bonuses that their traders can make use of. For example, they have the 100% match deal bonus. However, there were restrictions placed on sign on bonuses by ESMA so it is unclear how these bonuses can be offered. We would advise the trader to make certain that they are fully comfortable with the trading turnover required before they accept any bonus.

Regulation

As mentioned, QuickOption is a brand of Rodeler Ltd. They are regulated by CySec or the Cyprus Securities and Exchange Commission with License Number 207/13. This means that they are in full compliance with MiFID directives.

Traders can take comfort from knowing that Rodeler has another well-known Binary Option brand in their portfolio, 24Option. Rodeler is also a member of the Investor Compensation Fund which means that traders at one of it’s brokers are covered in the event of any financial eventuality.

Although this license entitles traders in a number of EU countries to trade with QuickOption, individuals in jurisdictions such as the United States, Canada or Australia cannot trade with them unfortunately.

QuickOption Platform

As mentioned, QuickOption was the only Binary Option Broker to launch with an emphasis on Mobile Trading. QuickOption uses the Tech Financials platform in its application. Despite the mobile only feature, we were greatly impressed with the complexity of the App. It was well laid out and easy to use. For Forex Scalpers who use Binary Options, the app allowed for quick and easy one click trade execution. For the chartists, the App includes dynamic graphs which can be placed on multiple screens.

QuickOption also provides signals right onto the platform. These signals are generated by taking a look at a number of technical analysis indicators. They also have social trading feature which allows you to copy the strategy that is being implemented by other traders. They also provide economic news straight onto the platform which could help traders who use Price Action trading and Fundamental Analysis.

In terms of the amount of tradable options available, there are over 70 underlying assets with which one can trade. These include most of the major forex pairs as well as some stocks, commodities and Indices.

For traders who usually keep a record of their trading returns and run analysis on their previous trades, the App has a handy statistics feature. This allows a trader to take a look back at their historical win rates on the various pairs they traded and build a fuller picture of the effectiveness of the strategy.

Deposits and Withdrawals

When it comes to funding your account at QuickOption, the app has a simple top up option. They accept Visa and Mastercard credit cards. They also allow deposits via wire transfer from your bank. There are no restrictions on deposit amounts for Wire transfer yet credit card deposits are limited to $10,000. Of course, if initially funding you need to make a minimum deposit of $250.

There are no restrictions on withdrawals from your account and they appear to offer instant withdrawals. However, in the terms and conditions it claims that the trader should allow for at least 5 business days. To request a withdrawal off of the App requires you to quickly scan your card and provide some form of identification.

It was not clear to our reviewer whether there was a withdrawal fee. It seems as if there are none yet the terms and conditions claim that they may apply. Deposits can be taken in USD, EUR, GBP and JPY.

When it comes to payment safety, we noticed that QuickOption uses SSL 256Bit encryption which means it is able to securely deal with payments.

Customer Support

Quick Option assigns you a personal assistant right on the App that you can reach via chat. If they are not logged into their chat, then you can contact them via email at [email protected] Their support times are Monday to Thursday 7am-3pm, Friday 7am-3pm and Sunday 8am-5pm GMT.

Unfortunately, at this stage it seems as if there is no call back option or direct line into the brokers. However, this appears to be in line with their motto “no spam, no calls, no ads”. So they are trying to make the trading experience less pushy and annoying. They want the trader to feel comfortable trading on the App without the interference of regular sales calls.

The personal assistant assigned to you are supposed to offer you advice on particular trades through the App however we would advise against this. We could not verify the professional record of these assistants so it would be better to improve your trading skills individually.

Educational Material

For the traders who would like to hone their trading skills, the additional educational material will no doubt help these traders. Depending on the account level, the trader has access to three tiers of trading courses. These are the Basic, Advanced and Expert.

These include a video library with information on how to make the most of the platform and which strategies to implement in order to maximise returns. These courses are arranged in a simple form and are easy enough to understand for beginners. They also progress in difficulty such that even seasoned traders can gain something from it.

Conclusion

Overall, we were relatively impressed with QuickOption. Being under the guise of Roderer Ltd assuaged our fears. Not only were they regulated by CySec but were participants in the Investor Compensation Fund.

The trading application itself was indeed very powerful and was one of the most functional that we have seen to date. For traders who are usually on the go, the application would indeed suit their needs.

Of course, one of the biggest drawbacks at this stage is the lack of a desktop trading platform. For many advanced traders, the need for full traditional computer screens for charting etc was essential. However, we were told that a web based version will be available soon.

Another downside for traders in countries such as the U.S., Canada, Australia and a few other jurisdictions is that QuickOption is not available in these jurisdictions.

Yet, if you are a trader who does not fall into these restricted areas and you enjoy mobile trading, we can indeed recommend QuickOption.

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