Why Choose TopOption?
- Full EU Licensing and Regulation
- Advanced Trading Platform
- Comprehensive Resources and Training
TopOption were originally founded in 2012 by Safecap Investments Limited, the company behind markets.com and a number of other prolific binary options brokers. They have since moved to a new parent company called Leadtrade Ltd, and are regulated by the Cyprus Securities and Exchange Commission (CySEC). They have registered offices at 9 Kafkasou Street c Treppides Tower, 5th Floor, 2112 Nicosia, Cyprus.
TopOption’s CySEC license incorporates the EU-wide Markets in Financial Instruments Directive (MiFID), which provides a license for all CySEC regulated brokers to accept all EU based traders.
TopOption does not accept US traders or those from Cyprus, Canada and Australia, however traders from all other territories are welcomed.
There are a handful of Binary Options trading sites that have such a rock solid reputation that it is a no brainer when comes to opening an account with them, and TopOption is one such site. As a well- established trading site, they have a number of banking options, a fantastic support team, a user-friendly trading platform, and one of the most informative sets of trading guides you could wish for.
Please read on for a more detailed review.
Trading Platforms and Features
TopOption is only available as a web platform at present. No download or installation is required, simply point your browser to the TopOption platform and you may register and begin trading within minutes. This broker is not yet mobile optimised, and have not yet released a mobile app, but this shouldn’t be too much of an issue for most traders. The web version uses the tried and tested SpotOption trading platform. This is a well-proven platform, which has been personalised to supply a number of attractive features for TopOption traders.
Once you have registered and accessed the TopOption platform, you will be presented with 180+ tradable assets, including currencies, stocks, commodities and indices. We understand that a large number of assets isn’t that impressive if the most popularly traded assets aren’t represented, so rest assured as the TopOption asset index includes stocks like Apple and Google and currency pairs such as the ever popular EUR/USD and EUR/JPY.
The trading instruments offered at TopOption are highly appealing to both novice and experienced traders. Novice traders may wish to start with the widely used Classic Option instrument. This is simply a relabelled High/Low or Call/Put instrument. Traders looking for a more adrenalin fuelled trading experience can explore the TopOption 60 Second short-term options. More advanced traders are likely to use the One Touch, Option Builder and Pro Option instruments. The One Touch needs no introduction, and is one of the most widely used instruments in Binary Options. The Option Builder is a little more unique. It allows traders to tailor all elements of an option to create their very own custom option. The Pro Option feature is simply TopOption’s label for providing a high level of analytical charts and tools to aid with technical analysis. It’s worth noting here that unlike many other brokers, TopOption also provides an Economic Calendar. The inclusion of the advanced technical tools and the economic calendar put this broker in the small group where they are truly aware of trader requirements.
The above instruments are made even more exciting with the addition of a number of unique trading tools and features. The Roll Over feature allows traders to delay the expiry time of an option for a better chance of having a successful payout. You do have to stake an additional 30% on your investment amount to activate this feature, but this can mean a better payout. The Double Up feature allows you to double up your investment mid-trade. If you see a trend and are confident in your trade, this feature will allow you to maximise your earning potential. The Sell Option feature is a clever risk management tool. It allows you to sell your option back to the broker mid-trade and earn part of your investment back.
This is possible up to one hour before the expiry of the option and offers an easy exit strategy. The Trade Confirmation feature allows traders to utilise a three second rate freeze whilst you approve of or cancel a new trade. Two other features that traders may find interesting on the TopOption platform are the History Graph and the Stock Pair. The History Graph is a detailed historical chart that allows traders to analyse the movements of an asset over the previous week. The Stock Pair is a novel trading feature and is inspired by the structure of currency pairs such as EUR/USD. This feature places popular assets against each other, so you can now trade on the behaviour of Google/Microsoft, for example.
Trading Accounts and Payouts
TopOption offers a maximum payout of 85% on standard options. They also offer high payouts of up to 500% on some high yield One Touch options. This places TopOption in the more generous, therefore more attractive group of Binary Options brokers out there.
Traders who wish to have a demo account will have to make a minimum deposit of $100, however the demo account must be requested from the TopOption support team and the time of deposit.
Please note that terms and condition do apply, and demo accounts tend to have an expiry date. Check with the support team for the terms that will apply to you at the time of registering your account.
TopOption offers three levels of trading accounts; the Starter, the Pro and the VIP. Each of these accounts includes an account manager, access to risk management tools, access to their video training library, and access to the newsroom for research, alerts and updates. The account-specific features are listed below.
- Starter Account – This is the entry-level account, and is offered to all traders that deposit $100 – $999. This includes a welcome bonus of up to $250, a starter guide to binary options, and a 1-on-1 introduction to the platform.
- Pro Account – This account is accessible for traders who deposit $1,000 – $4,999. The account provides a welcome bonus of up to $500 and access to the starter and advanced guides to Binary Options. The Pro account also includes up to three hours of 1-on-1 trader training each month.
- VIP Account – The VIP account is offered to all traders that deposit $5,000 or over. This account includes a bonus of up to $2,500, and access to the starter and advanced guides to Binary Options. The VIP account has the added perks of unlimited 1-on-1 training, out of trading hours assistance, trading central reports and SMS signals.
Please note that TopOption bonus terms apply, and most bonuses require a 40 x trading turnover before they may be redeemed. Please check with the support team for all conditions that apply to you.
Funding your Binary Option trading account should be a completely hassle free experience. The same rule applies to withdrawals and we commend TopOption for offering a seamless experience with both. A huge perks of TopOption is that they are regulated. This allows them to offer a number of payment options that many offshore brokers simply can’t compete with. Let us elaborate on these deposit and withdrawal methods further.
Deposit – TopOption accepts credit and debit cards such as Visa, Mastercard and Diners Club. Traders that prefer to use electronic payments may use WebMoney, Skrill and Neteller. Traders that wish to transfer funds directly may use Fast Bank Transfer.
Withdrawal – Withdrawing funds from Top Option is not a long and drawn out process, and unlike most brokers, they have no withdrawal fees. To qualify for free withdrawals, traders must request a minimum of $10 by card and $100 by bank wire. There are no withdrawal limits for electronic payments. TopOption process withdrawals back to the method used to make the deposit.
Regulated brokers must observe the processes in place to prevent fraud, and safeguard the security of your funds. TopOption requires all traders to verify their accounts before they allow withdrawals. Account verification is very simple and only requires you to submit a proof of identity and a proof of residence. The account verification team at TopOption may also request more information on your credit or debit cards, but this is standard procedure and safeguards both the broker and you.
The foundation to TopOption’ fantastic trading experience seems to rely on three support elements; support, account management and training.
The support team is available 24/5 (weekdays), and offers support in multiple languages including English, French, Spanish, German, Russian, Italian, Arabic, Japanese, Polish Dutch and Swedish. Their well-trained and highly capable support team is available via email, Livechat and a number of toll free and local rate numbers.
Once you’ve deposited funds and begun trading with a live account, you will be assigned an account manager. The TopOption account managers are an invaluable resource for traders of all levels and are available at all times when you trade. Some accounts include 1-on-1 trader training. We urge you to take advantage of these as this can only benefit you in your trading career.
We always state that the key to trading success is education, and this seems to be a shared notion here at TopOption. They offer a comprehensive resource centre that offers education in multiple languages, for traders of all levels. Have a look at their videos, eBooks, and webinars to find out more.
Why Trade at TopOption?
TopOption are licensed and fully regulated, which means they are a broker that you can trust. All client funds are kept in segregated accounts, as required from all Cypriot licensed investment companies. An added level of protection is offered to clients via the Investor Compensation Fund, which safeguards all trader accounts for up to €20,000.
The trading platform is one of the main attractions of Top Option as it is simple and intuitive to use. It will appeal to novice traders, but the advanced trading instruments and added features and tools will no doubt appeal to more experienced traders. Whatever your level of trading experience, the well-trained support team and dedicated account managers will help you get the most from your trading experience, as will the extensive resources offered here. The banking options are also seamless. We had absolutely no issues depositing or making withdrawals. TopOption is highly commended for this.
We have no hesitation in recommending TopOption as a “TradersAsset Preferred Broker”. They offer a well-rounded trading experience and caused us no concerns whatsoever. Try TopOption for yourself and see how you can also benefit from this fantastic broker.