TopOption is owned by Leadtrade Ltd and one of the biggest binary options brokers in the world.
Read more in our TopOption Review to find out everything TopOption has to offer, features, settings, binary options types, customer support etc. It is one of the only brokers in the world where you can deposit with PayPal and its licensed by CySEC. In 2013 TopOption won the Best Licenced Broker award on the FBO Awards Ceremony which is also an important fact for the TopOption review.
Account Features
This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
TopOption review revealed that the minimum deposit is only $100. When writing this TopOption review we checked for these details and were very positively surprised about this minimum deposit as it allows new traders to give it a try before trading with larger sums. There are three trading accounts offered to all traders:
TopOption Starter Account
- minimum deposit $100
- customizable stake sizes
- no fees
- investor compensation fund
- risk management tools
TopOption Pro Account
- minimum deposit $1,000
- benefits of Starters account
- Strategix access
- 24/5 support
- newsroom alerts and updates
- 1-on-1 introduction to trading
- e-video library
VIP TopOption Account
- minimum deposit $5,000
- 3 hours of one-on-one trading
- specialist account manager
- advanced e-video library
- professional trading platform
- Faunus report
- benefits of a pro account
During the TopOption review, we found out all funds are held in banks in Germany, United Kingdom, and Switzerland. You can read a full confirmation of this on the website made out by KPMG the world’s biggest audit firm if you don’t believe us.
This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
Unfortunately, TopOption has no demo account available for traders. Demo account usually serves as a practice account where traders are never exposed to the real risk as they are trading with virtual money and are making a virtual profit. TopOption demo is replaced with an amazing educational section that will give traders all knowledge they need to trade successfully from the first day. However, TopOption demo would be a great addition to the platform, even though customer support explained that account managers are also explaining every step of the way.
When you deposit first time with TopOption you can receive up to $2500 in bonus. The bonus is 25% of your initial deposit if you request this. You are not obligated to receive a bonus nor does it always benefit you since it put restraints on your account. Read more details in our unique TopOption review below.
Read more details in our unique TopOption review below.
Trading Software & Assets
TopOption is using KeyStone as software provider like most binary options brokers online. The software is easy to use and you will be able to trade with the usual KeyStone platforms such as Call/Put, or 60 seconds options. You should definitely try the 60 seconds trade if you are looking for a fast return on your money. There are also above/below, pro options and strategix trading available, according to the TopOption review.
There are more than 180 assets to choose from when trading with TopOption so you will not find a larger portfolio to choose from anywhere else in the online binary trading world. Traders can also use strategix tool for better analysis. Strategix is designed mostly for quick trading and advanced binary options traders.
When you commence a trade on the TopOption platform you will be able to monitor your active trades below the trading charts. The trading charts are in the middle of the screen and below that you will see your trades. When a trade is closed you can see the result in your portfolio.
Support Information
You will receive a phone call minutes after you have opened an account with TopOption. When we make a TopOption review we always do that to test the services. You will get a personal account manager as well as a personal trading coach. This is to secure you get a good start with TopOption and learn the basics of trading before you start risking large funds. The account manager can be helpful as we learned in the TopOption review.
The live chat support service is very good. We had to wait three seconds before we were met by a helpful support agent.
Please note that if you have an account with TopOption all communication goes via your account manager and not the regular support. This is something that we found unusual in the TopOption review.
TopOption website is available in many popular languages including Chinese, German, Italian, French and, of course, English. The full list of languages can be found in the upper right corner of the website.
TopOption review showed how this broker also offers an amazing educational section for traders who want to find out more. There is amazing video library and webinars, as well as ebooks and basic guides about binary options trading. TopOption review noted there is also an amazing list of assets and expiry times as well as FAQ’s that are explaining basic principles of trading with this broker.
Banking & Company Information
The banking is easy and swift to use with TopOption. We were disappointed not to find Moneybookers available since it is our preferred deposit method, and we couldn’t use it for the TopOption review. Deposit and withdrawal methods available are credit cards like Visa, MasterCard and Delta, Webmoney and fast bank wire. TopOption withdrawals are very simple.
Terms and conditions are well written and easy to understand and traders don’t have to worry about TopOption being a scam. Also, TopOption is a regulated broker which is another proof it is not a scam.
Traders who decide to make a withdrawal first have to verify their identity. This step is necessary so someone else won’t take your money away. TopOption withdrawals are possible anytime, as long as traders have fulfilled their obligations, like reaching bonus volume or delivering documents. TopOption withdrawals are quickly executed but it may take up to 10 days for the funds to be visible on your account. Some TopOption withdrawal methods are faster than others, and it seems that credit cards are the slowest method.
TopOption is licensed in Cyprus and guarantee your account up to €20,000. All funds at TopOption are held in following banks in United Kingdom, Germany and Switzerland: Barclays, RBS and Commerzbank.