TopOption Broker Review

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TopOption Broker Review

�� Demo Account:
⚖ Allows Hedging:
�� Allows Scalping:
�� Headquarters: Cyprus
�� Founded:
�� Trading Platform(s): SpotOption
�� Regulating Authority(s):
�� Minimum Deposit: 100
�� Maximum Leverage:

Visit TopOption
Risk Warning: Your capital may be at risk

Our Review of TopOption

Company Overview

TopOption is an online trading platform that aims to keep binary trading simple. There are 180 different stocks, indices, currencies and commodities to choose from, but the basics of the platform merely involve predicting the direction of a chosen investment. There are also advanced options: “rollover”, where traders add 30 per cent to the initial investment for a delay in expiry; “double”, where a trader can double their investment mid-trade; “buy-me-out”, where a trader can annul a trade prematurely and “touch/no touch”, where investors can trade based on whether or not a stock will reach a certain level.

Types of Account and Account Opening

To open an account, potential traders fill out an online form with their contact details; they also need to fill in a compliance questionnaire, and supply payment details. The account is opened after being funded with the minimum amount. However, TopOption is not open to US traders.

There are three types of account based on the size of the initial funding: Starter ($100), Pro ($1000) or VIP ($5000).

Promotions on Sign-Up; Deposit Bonuses

Bonuses are available depending on the type of account; these are negotiated on a case-by-case basis with an account manager.

Commissions and Fees

There are no fees; however, a successful trade will pay 85 per cent of the initial amount. There is no information available on whether there is a partial refund for unsuccessful trades.

Trading Platform and Apps

No downloads are required to use the platform, and it can be accessed via PC and mobile; there is also a free Android app. The user interface is very easy to use; it is one of the best platforms for binary trading.

Ease of Deposit and Withdrawal

The minimum deposit amount is $100, and this can be transferred by e-wallet, wire transfer, debit or credit card.

Withdrawals are returned to the same account or card; there are no charges for these transactions.

Regulation and Compliance

This broker is registered with CySEC, and their site gives additional information on the potential risks of security trading, including advising potential traders to seek independent financial advice before trading. TopOption comply fully with all industry regulations, and each account is insured for up to €20,000.

They provide a wealth of free training materials, and their customer service is the best in the industry. This means that TopOption are one of one of the safest and most reliable binary trading platforms.

TopOption Review

TopOption is a Cyprus based company affiliated with the larger Markets.com, and they are gaining a lot of popularity as far as binary options brokers go thanks to this. But with so many other brokers out there right now, are they really one of the top brokers? We put together this TopOption review to help you answer this question. Our goal is to help point you in the direction of the best broker for you and your unique set of needs.

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Whatever you decide, it’s important to keep in mind the risk that is associated with binary options trading. As a trader, it is your job to keep your own safety in mind. A good broker will help you to do this with more ease, but it’s still something that you need to take charge of and ensure for yourself.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

Between 74-89 % of retail investor accounts lose money when trading CFDs

TopOption Special features

How to Open an Account

TopOption allows traders to open up an account right from their homepage. You will need to supply your name, your email address, a password, your country of origin, and a phone number. Before you create an account, be sure that this is a broker that you are serious about pursuing.

Traders from the United States are not permitted to open up an account or trade at TopOption due to regulatory constraints. This broker is regulated by CySEC and only allows those that live within the European Union to utilize their broker services. CySEC is one of the most well known binary options regulators out there, and they are a respected governing body in the world of trading.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Become an IQ Option trader today

Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

TopOption Trading software

Types of Trades

TopOption has a wide variety of trade types available. In addition to the standard call and put options, TopOption offers ultra short term trades, and they are one of the handful of brokers that offer 30 second binary options right now. They also offer above and below trades, which are very similar to boundary trades. These types of trades are a lot harder to be successful with, but as a result of this, TopOption offers you a higher rate of return on every successful trade you make here, just like you would find with a high yield trade at another broker. Their touch and no touch trades also fit into this category.

For most trades, the minimum amount you can risk at this broker is $5 per trade.

In addition to the trades that they offer, TopOption has a variety of “add ons” that some traders might find helpful. These include rollovers, double-up options, buy out choices, insurance policies, and customizable options. These work well as risk management tools when utilized in moderation. It’s important that you know how to use these tools thoroughly if you do decide to use these so they are working for you and not against you.

TopOption offers options in stocks, indices, commodities, and various currency pairs from the Forex market. They currently have about 180 different assets that are up for trading. There is a heavy focus on currency pairs here, which makes sense. A lot of the traders that use TopOption have a background in the Forex marketplace, and it is good marketing on this broker’s behalf to keep the asset choice attractive to this particular audience. TopOption also has many U.S. based stocks. Although they don’t allow traders from this part of the world, this is the biggest stock market there is, so using stocks from the United States also helps them to not only appeal to a wide number of traders, but it helps them attract traders that might not find their asset of choice at another broker.

If you want to trade with an award-winning licensed broker, we recommended using IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

TopOption Support information

Succeeding at TopOption

TopOption has some tools in place to help their traders be successful. One of the simple ways that they do this is with their in depth educational section. Traders can click on the “Resource Center” tab at the top of the page and explore all of the tools that TopOption has to offer. This includes an economic calendar, their FAQ section, e-books, and the TopOption Academy. At the academy, traders have access to a number of different webinars, video lessons, access to trading indicators, and other materials. There’s also a blog where news events are discussed, along with their economic impact. However, because many of these occurrences are time sensitive when it comes to helping you improve your correct trade rate, it’s important that you take advantage of your own tools if you plan on trading the news successfully.

TopOption also has a section available to their traders that revolves around risk management. It isn’t an exhaustive section by any means, but they are one of the few brokers out their that actually addresses the concept of protecting yourself while trading directly. Our TopOption review team was very impressed by this feature, but it is only helpful if you are able to use it correctly.

Just keep in mind that no matter which tools you are given, the risk of losing money cannot be taken away completely. Educational tools are a great way to improve your skills, but trading is still risky. Having a good broker on your side may help you to alleviate a small portion of this risk, and you should stay clear of any broker that does not encourage you to trade in as profitable of a manner as possible.

Does TopOption fit this description for you? Hopeful this TopOption review will let you know.

Try trading with an award-winning broker like IQ Option

Between 74-89 % of retail investor accounts lose money when trading CFDs

Master the markets with IQ Option

  • Get a FREE $10,000 demo account
  • Start trading with only $10
  • Invest with a licensed and regulated broker

With IQ Option, you will be trading with an award-winning broker recognised and praised by industry experts. Get your IQ Option account today!

Between 74-89 % of retail investor accounts lose money when trading CFDs

TopOption Payment Methods

Financial Transactions at TopOption

After you’ve created an account, the next step is for you to fund your account. The minimum accepted qualifying deposit is $100 USD, 100 euros, or 100 pounds sterling. You can use a credit card, an e-wallet, or a wire transfer to fund your TopOption account. Once you’ve funded your account, you can begin trading right away. Our TopOption review found that credit cards were the fastest way to get your account funded as the money shows up in your account instantly.

When it’s time to withdraw your funds, you will need to have your funds sent to the same source that you made your initial deposit with. If you used an online wallet, your withdrawal will go back into that same account. If you used a disposable credit card, this can be problematic. Be sure to think this through before you make your initial deposit. If you have any questions about banking through TopOption, you should get in touch with their customer service team. You can contact them by email at [email protected] or by phone. They have a number of different local phone numbers that you can use to save yourself the international phone call fees.

Another strong feature of TopOption is the fact that they do not charge withdrawal fees on most transactions.

The Bottom Line

TopOption has some great tools at their traders’ disposal, but they are certainly not for everyone. We found a lot of great features at this site, but the only way to really know if this is the right broker for you is to look at it yourself. If you still have questions after reading our review and looking over the TopOption website, consider using a demo account. This will help you get a feel for what trading at this site is like in real time. You will need to make a qualifying deposit to gain access to this, but you don’t have to actually risk your money until you’ve used the demo account. If you decide it’s not for you, you are welcome to withdraw your funds.

Conclusion:

We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

  • FREE $10,000 demo account
  • Award-winning trading platform
  • Licensed and regulated broker
Between 74-89 % of retail investor accounts lose money when trading CFDs

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TopOption Review

TopOption Officially Closed on May 1st 2020

Go here to see the Best Licensed Binary Option Brokers!

TopOption was a binary options broker owned by Leadtrade Ltd, located at Treppides Tower, 5th Floor, 9 Kafkasou Street, 2112 Nicosia, Cyprus. Their phone number in the United Kingdom is: 800 170 0124 and in Italy +39 06 4522 6949. The email address for withdrawals is [email protected]

TopOption Review

TopOption rolled out their new trading system made by the TradeSmarter software company in 2020. This trading system is extremely easy to use and it have built in “Social Trading” features. When you first create your account you will be asked to setup your social profile. You have 2 web based trading platforms you can use, the simple one and then there is TradePro, which is much more advanced, and in our opinion a better one to use.

They offer you more than 100 assets to trade, including some of the most popular stocks, commodities, market indices and forex pairs. They have 30 sec, 60 second, 2 minute and 5 minute options. Returns vary depending on the asset and time of day between 50% and 90%. The minimum initial deposit for a new account is only $100.

TopOption License & Regulations

The most important thing investors look at a when reviewing a binary options broker to determine if they are a legit, or just another scam broker is simple. You want to know if a government financial regulator like CySEC in Cyprus, HCMC in Europe or Australia’s ASIC gave them a license.

TopOption is owned by Leadtrade Ltd, and they are licensed by CySEC in Cyprus with license number 296/16.

You can find all licensed broker listed here.

Compare TopOption

Binary option traders have a few other licensed brokers they can trade with, see here.

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