Please rate, review and comment on www.magnumoptions.com.

Quick Magnum Option Review

  • Official Website: http://magnumoptions.com/
  • HQ: Gibraltar
  • Phone: 1-800-986-6891
  • USA Traders Accepted
  • Trading Platform: SpotOption
  • Not regulated (no CYSEC Regulation) – They accept USA traders
  • Up to a 100% Deposit Bonus
  • $200 Minimum Deposit
  • Brand backed by reputable binary option company (same as TradeRush)
  • Early Close
  • 10% refund for out of the money trades
  • Free auto-trading software (be careful using this)
  • Payouts ~75%-80%

Interestingly enough, this is one of the only brokers I have seen that seems to have a clear understanding of CFTC regulations governing USA traders. In their terms and conditions, they state, “USA citizens are restricted on this trading platform from trading currencies and commodities due to U.S. regulation by CFTC.” Simple. You can trade stocks and indices. It is really refreshing to see a broker that has this figured out, instead of simply banning all USA traders—or operating without regard to regulations.

Is Magnum Options a Scam? – Legit or Not?

Magnum Options receives good reviews, understands CFTC rules (again, very good for an unregulated broker), and is operated by a company we are familiar with. For all of these reasons, we feel reasonably ok with trying them out. Want to read comments from other site visitors? Scroll down to the bottom of the page to read reviews from other traders just like you—or leave your own!

magnumoptions-trading-650

Is Magnum Options Right for You?

To make an informed decision, you need to have an in-depth knowledge of what Magnum Options is offering traders. Let’s look at their terms for deposits and withdrawals as well as the types of options you can trade.

Deposit Info – Magnum Options Minimum Deposit

Begin trading with as little as $200.
Deposit methods: Credit or debit card, wire transfer, MoneyBookers or SOFORT.
Trade in EUR, USD, GBP, JPY, AUD, CAD, or RUB.
Up to 100% match bonus or 10 risk-free trades!

We love that there are so many currencies you can choose from! Keep in mind that the minimum withdrawal threshold is $100, so I recommend you deposit more than $200. This will simplify your life. You can make a single withdrawal per month for free; past that you have to pay a $30 fee (not unusual). Account tiers start at $500. The higher your deposit, the higher your tier, and the more extra benefits you get, including live webinars, signals, indicators, account management, and so much more. There are lots of excellent resources at the higher levels! And it is great that you can opt for risk-free trades instead of bonus money. This is financially a much smarter decision for sound money management!

High/Low
Pairs
Long Term
60 Seconds
One Touch
Ladder

This is a nice assortment of trade types. High/Low trades are your basic binary options where you choose a direction (up or down) and wait to see if you win. Long Term and 60 Seconds are special High/Low trades which you can stay in for a very long or short time. With One Touch trades, you profit if price hits a certain trigger value. Pairs trading lets you profit based on the relative performance of two stocks. Ladder trades let you profit “rung by rung” up a series of pre-determined trigger points. On Magnum Options, you can win up to 1500% on a Ladder trade!

Supposedly, Magnum Options will be offering Forex trading on the same website. It is prominently mentioned in the FAQ, but does not appear to be a current site feature. I can only assume this means they are in the process of adding it to the platform.

Final Thoughts on Magnum Options

As is no surprise, Magnum Options appears to be an excellent broker. They offer flexibility in every aspect of your trading. There are a huge number of assets you can choose from (around 150), and a lot of different ways to trade. You can choose to accept a bonus or opt for risk-free trades instead, and you can trade any amount from $5 to $5,000. Magnum Options is run by a company with a strong reputation. It is tough to find great brokers offering services to USA traders, and even rarer to find a broker that understands USA regulations. We really like Magnum Options, and we think you will too!

Trader Reviews – Ratings & Comments

Please post your honest opinion about Magnum Options (www.MagnumOptions.com) and help other potential traders decide if Magnum Options is a legit binary options broker.

BinayOptionsBlacklist.com is driven by trader based reviews, ratings and comments about binary option brokers, auto trading tools and signal services. Please leave your honest opinions and ratings below to help make us the most trusted binary options resource on the web.

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66 Comments on "Magnum Options Review"

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Alfredo
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Alfredo

I have similar story than many of you. has any body manage to get to an authority that nail them so we can get the money back?

 
Melvin
Guest
Melvin

Did anyone tried wealthrecoveryinc to help getting your loss money from magnum options?

 
Jay lee
Guest
Jay lee

it is shit site
as it scam me 6.5k for joining the bonus and said it is risk free the aim is to trap all your money inside the site, fuck website and broker as well as all the account manager are shit as they just want to cheat your money and ask you to deposit more, i hope they have bad karma in their life forever and next life. and their generation, all evil peoples inside.

 
Denny
Guest
Denny

It is scam site. It is really difficult withdraw money.Don’t deposit money.!!!
I requested my card cancellation the day after deposit. I did not any trade. I just joined and deposit money. But they refuse money back because they request more exact document information. Even though win the game there is no way to get back money.

 
James Bloo
Guest
James Bloo
Hi – i got started with MO in Sept 2016. i started with 5k initial investment, invested a further 10k and successfully withdrew 5k. a positive from the successful withdrawal is the account manager actually CONTACTED ME to help expedite the process. whether its all part of some roundabout way of getting my trust i don’t know but the simple view is that this is to be taken as a positive sign. profits wise i cannot complain about MO. I have made 25k in 5 months and all from their tips followed by and large to the exact $. the… Read more »
jan
Guest
jan

i am worried now, since they forked £2700 from me..how will i withdraw my money ? hope i can..

 
Steven Clark
Guest
Steven Clark
Being new to binary options and inquisitive about them as an investment option, I joined initially with US$250. Quickly I had a smooth operator on the phone to me saying he was a senior analyst talking up binary options and asking me to deposit another US$9,750 on the promise that he would personally manage my account and wanted to turn my account into a managed one (US$100,000) and received a bonus. I duly did. NEVER APPLY FOR THE BONUS – YOU WILL NEVER GET YOUR MONEY OUT. I then dutifully did all the Academy courses and was given some one… Read more »
Amelia
Guest
Amelia

This guys are trained robbers, I put in £2,720. After all the interested made was taking away by them obviously, I tried withdrawing my capital and I was sent an email saying , I can’t withdraw, it’s so unfair that lies are been told to the public. Something has got to be done, who has an idea what legal actions we can take to recover our monies. I don’t want to let go of my hard earned money.

 
Melvin
Guest
Melvin

I have my money hunging inmy account. Who can help me get that money back to my account.

Please help

 
brian karchuy
Guest
brian karchuy
I don’t know what planet you are living on. Magnum Options was in constant email and phone contact with me till they had $US 54,000 of mine in their clutches, but they would not answer any questions I posed about my account, not even to give me a statement showing the amount invested, the amount earned, and all those financial disclosures any reputable company would provide without having to be asked. Now that I have had it up to the back teeth with them, and told them I want my money back, there is just stone cold silence from the… Read more »
Steven
Guest
Steven

Try wealth recovery they know where in Israel they are based and have dealt with them before.Or you can try fair binaryoptions they can help

 
Dayjay
Guest
Dayjay
Don’t be deceived by the recommendations given about Magnum options.I had some trades in open positions and also had over £10K in the account for withdrawal. These guys did not answer my emails. Of course you can’t get them on phone. After a month, one account manager called me that since I had already lost over £20K that they micro-manage my account all by themselves with the £10K in my account to bring my account back to what I had already in 3 days, then I can withdrawal my invested capital. I refused, but this guy kept pushing over and… Read more »
Dayjay
Guest
Dayjay

I just lost £21,500 with magnum options. I wish someone had advised me before trading with them. Please run when you hear the name magnum options. You would lose your money. These guys are trained scammers, pushers and thieves.

 
Liz.
Guest
Liz.
Wow how did I miss these reviews😔 I googled this site and went on their recommendations that Magnum Options was legit. Obviously I didn’t scroll down to reviews. I have found the same treatment, I deposited the minimum amount of $300AU within 24 hours I had a call from the company wanting $1000. Told them I didn’t have that about to invest. Couple of days later in conversation they discovered I had a small business they then wanted $3000-$5000. UNFORTUNATELY I BORROWED $3000 and deposited in Magnum Acc. The lady was very pushy. Insisted to get maximum benefits I needed… Read more »
Vikki
Guest
Vikki

How can you rate these guys this well when there are so many negative reviews? nakes me wonder if your site is legit

 
clara
Guest
clara

Are they really located at 1421 Sofia City, Sofia District,
Metro Municipality, Lozenets Region, Kozhuh Planina
No. 17, Bulgaria.

 
a123
Guest
a123

I think the address is all false.

 
clara
Guest
clara

My account is still open, has almost $145,000. I tried to withdraw, was denied . Sent 1 M e-mails but I can’t . Please keep out

 
a123
Guest
a123

wow you have so much money in their account, its very dangerous.
I too deposited small amount of funds and all lost. Then the account manager keep on calling and calling.
after reading the remarks given by all the people in this blacklisted forum. I think I’ll stop investing with them any more.
All the people working in magnum options are shit!!!! and evil people from HELL!!!!

 
Sheldon
Guest
Sheldon
I activated the account yesterday and received a call this morning from an account manager. He asked me all the personal questions, How much money I earned, savings accounts and loans I have ect. He told me he wanted this to be a long term and honest relationship. He directed me to Magnum’s web page and said these are your options and I told him I had no experience. He told me that I had to buy the 5K elections package to have an account manager. I flat out told him I this didn’t feel right because I signed up… Read more »
789
Guest
789

Hiii ….i too want my activation money back .can u please help me in getting that back 🙁

 
clara
Guest
clara

Please run, I lost $50,000 . The account managers are a bunch of thieves ….Please don’t !!

 
MIKE
Guest
MIKE

THEY ARE OUTRIGHT SCAMMERS YOUD BE A FOOL TO TRUST THEM ,I DID ONCE BUT NEVER AGAIN ,PUSHY ROOD ,SCAMMERS ,SHIT HOLES OF THE PLANET .DONT BE A FOOL KEEP YOUR $$$$$$$$$ FROM THEM AT ANY COST ,IM WAITING FOR MY 200 USD BACK ,I MAY GET IT IN A MILLION YEARS BY THE SOUNDS OF IT ..

 
Leo
Guest
Leo
I had terrible experience when magnum option. I did a wired transfer for 500 as their ad asked. Took them almost a month to figure out where the money went. When they’ve finally figured out where the money went, their "coaches" and representatives were only interested in asking for more money invested unlike what their ad said. I’ve experienced missed appointment with their reps. Their phone were consistently statically. An hour ago, I had a call from a lady with the organization asking for another 15 thousand dollar before they can start investing. She was extremely pushy. I replied that… Read more »
Alex
Guest
Alex

I wouldn’t trust them, they seem like a bunch of scammers to me. Sound like those Indian scammers.

 
Sean
Guest
Sean

These guys scammed me of 2460$. I won in the trades and when I tried to withdraw, they denied my request and closed my account. They are scammers dont trust them

 
Leanne
Guest
Leanne
Joined these guys on Monday (3 days ago). Lady that called was VERY pushy- Forced me to deposit the 200USD saying "Its so easy to withdraw if you change your mind’. BS!!! After reading reviews and when the "Account manager" called me I realized the mistake I made. The Account manager was trying to force me into depositing $5000 (yea, OKAY) When I firmly said "NOT GOING TO HAPPEN" he was very arrogant and condescending saying "have fun paying your mortgage". Spent the last 2 days trying to get my money, they are asking for copies of my ID- utility… Read more »
Sam
Guest
Sam
I joined up recently also, and gave the only initial deposit only. All the Magnum Options people speak with Eastern European Accents, and other fake accents. They all have fake English-sounding names like ‘Mather Dillon’, ‘Chris Miller’, etc. They are very pushy, nosy, and ask personal questions like how much money I have in my savings account. They will say anything to try to make you commit more money. I also found out that they operate from Israel, not from England. Do not commit to them. I hope you people get your money back. As I too expect to have… Read more »
Sam
Guest
Sam
I GOT MY MONEY BACK…. I stood firm, didn’t do any trades, refused to join up for their mini-accounts… and legally they can’t do anything with that money I guess… I cancelled my card just in case… because I started getting a lot of ‘frozen bank account’, ‘lost money’, and phisting site spam to my email address after i joined up with magnum. I kept a $0 amount in the bank account linked to my card right after their account manager pushily tried to do a ”partial withdrawal” with my card details while trying to talk me into it. if… Read more »
MIKE
Guest
MIKE
Yeh same here they pushed for more money above the 200 usd i put through on my debit card, i saw some comments re their trading ,i cancled my card ,told them id like my refund,thet said is the card you used still current i told them yes but it wasnt they said we need you full card number and the 3 digit number also.to confirm your account ,i told them you have the info ,i ve sent several emails to them alwasay busy ,so today i got a guy called roman he said is the card number still current… Read more »
Donut
Guest
Donut

He said he didn’t want our money but what’s the $200 and only 10% back

 
lala
Guest
lala

They will let you trade, but you will never be able to withdraw anything
Please don’t go with this company

 
Scott
Guest
Scott

I gave this company $400 USD to trade with. I didn’t have the money they asked for so I offered to do trading myself, I had some successful trades and unsuccessful trades. What made me suspicious was I believe the trades were sometimes manipulated to lose because the assets would stay clear of the strike rate then within the final 60 seconds before expiry time the assets would either suddenly go up or down and the asset loses. This has happened to me more than once. I wish I never signed up with them.

 
Colleen
Guest
Colleen

Wish I read these first! DONT DO IT!! Took £200 as planned, then try and get another £1000-£5000 off me! Had to block card! Making it impossible to understand them taking more cash off you! Chasing to get £200 back. God help them if I don’t! 😉

 
MIKE
Guest
MIKE

did you get your 2000 usd back ?????//

 
Sam
Guest
Sam

I know. When you say you don’t have enough money, they claim they will try a partial withdrawal with you card and CVV number… the cheeky _____! I immediately shifted my money online while keeping him distracted. These people are leeches.

 
claire Rukundo
Guest
claire Rukundo

I just lost $ 50, 000 with magnum . I trusted the account manager followed his instructions but everything was lost . At the end he offer me bonuses $25,000 . I will never advised anyone to to go with magnum.

 
John Bell
Guest
John Bell

Very pushy sales people on the phone trying to get me to give card details over the phone, when I asked for more details about the company the operator got rude and hung up

 
Rose
Guest
Rose

Hi, I need help. I had no experience in trading and was told they would hold my hand. Once they got my money I felt totally abandoned with a few returned emails. I asked to withdraw
my money and they told me I couldn’t. I did no trades and went to make a trade and my account is at 0. Any suggestions what I can do. Thank you.

 
claire Rukundo
Guest
claire Rukundo

They target foreigners money. We have to approach our respective govt. to protect us and make sure no one else is affected.

 
David
Guest
David
Dont invest with these guys. They do not help ‘take you under their wing’ until you up your deposit to $5000 plus. They will leave you solo to lose your minimum deposit then mock you as a way to push you to increase your balance. Calling multiple times daily. As for return on investment… the returns are poor compared to real markets. You have flat win amounts regardless of how well your calls and puts are in the money. Deposits are easy not even having to complete the account process. Withdrawls are not and if you apply for a bonus… Read more »
Dave
Guest
Dave

These people are awful nasty

 
Dave
Guest
Dave

Once you register with them to see who they are…they will not leave you alone, they are very separate people to get your money.They will not stop calling you even after you told them, not to 25 times to be exact…they still call…

DO NOT DEAL WITH THEM < THEY ARE LEACHES<

 
David
Guest
David
It is not a scam and Magnum (and Boss Capital who are linked in some way) are actually very professional. However it is risky. It is possible to lose your shirt if you don’t learn what to do and develop a strategy first. If you open an account with a few hundred quid and play around with trades you will eventually lose the lot. But if you have an account manager who provides signals (basically tips), and if you limit your exposure at any one time to 20-25% of your balance and spread that amount over at least 4 trades,… Read more »
clara
Guest
clara

Did you really withdraw anything?
Magnum options is a scam and full of thieves

 
Michael Conlon
Guest
Michael Conlon

My experience also

 
David
Guest
David

Sure there are wins but until you withdraw cash go away. You likely work for Magnum

 
Dave
Guest
Dave

They seem friendly and positive then once you deposit a minimum amount they want a larger deposit before they ‘take you under their wing and mentor you’. After you say something like i want to see some positive performance before i top up my account they respond with something like i think you should just withdraw your money we dont deal with such small accounts its embarrassing. Try pulling your money out… any real company has no issues paying out.

 
fardeen
Guest
fardeen

Do you withdraw any amount from them ?

 
Sam
Guest
Sam

yes i am curious, were you able to get any of the money back from these vampires

 
Jason
Guest
Jason

leave me alone u work to get rich not to help people my life is fucked my car is fucked I may lose my job any way shud have know it was a scam from the word go get a woman to do ur fucking dirty work and some kids perfectic bastards

 
Anthony Grippaldi
Guest
Anthony Grippaldi
If you are trading with Magnum Options do not accept BONUS. In the beginning they get you trading by offering bonuses such as “Guaranteed Profit Trade Agreement” or “Risk-free Trade Agreement”. They entice you with trades you cant loose because of the agreements. However you are locked into required trading before you can make a withdrawal. If they give you a $5000 bonus There is a multiplying factor that could be 20, 30 or 40. So if you get a $5000 times 30, you have to make $150,000 in trades before you can make a withdrawl from your account. This… Read more »
raymond long
Guest
raymond long

deposited 200.00 dollars got call from broker told me to take my money back he needed at least 2000/00

 
Sam
Guest
Sam

were you able to take your 200 dollars back?

 
Whitney
Guest
Whitney

Hi I’m in a similar situation here they called me Friday saying they have a small gift of 50 dollar and they need my information to so so this morning I checked my account 250 is gone

 
Dave
Guest
Dave

Same here

 
Zainab hamoui
Guest
Zainab hamoui

This is a scam stay away

 
Zainab hamoui
Guest
Zainab hamoui

My husband is trying to do it now and I’m
Telling him it’s a scam the idiot !!!!!

 
Sam
Guest
Sam

tell your husband that my wife told me the same thing, and for him to not be stupid.

 
Carl Ross
Guest
Carl Ross

When you sign-up for an account with Magnum Options you will immediately notice that you are dealing with highly professional individuals who will take care of you from the moment of your registration up to the point where you need help to fix some errors regarding your trade. I think I will be trading with them more often.

 
Rose
Guest
Rose

That was not my experience at all. It was a gong show.

 
Kay
Guest
Kay

They are scam please don’t take there calls or listen to there options it’s all scam .They never give up calling every day never taking no for answer

 
WAYNE KEAR
Guest
WAYNE KEAR

Join LOOK STAY AWAY FROM BINARY OPTIONS ,98 %ARE OPERATED BY WH ITE COLLAR SCUM ,I HAVE LOST THOUSANDS ,BUT THE FAULT IS MINE ,FOR EVER RISKING MY MONEY WITH STRANGERS OUTSIDE MY OWN COUNTRY ,THE SCUM THAT RUN THE CON HAVE NO CONCIENCE WILL DO ANYTHING TO GET YOUR MONEY A CURSE ON THEM AND THERE KIN

 
David Chambers Australia
Guest
David Chambers Australia

Fact Professional scammers my deposit 3 months ago never acepted to date lodged in Bejing China Requested Return has been given bullshit excuses since.All facts on my computor Warning-Warning-Warning.

 
Steven Jennings
Guest
Steven Jennings

hi i joined magnum 3 weeks ago invested £5000 i have now 9017.00 in my balance nearly lost all on friday only last minute surge win 3 trades out of 4 i am thinking of withdrawing my funds out of this company any good advise before doing so

 
Natasha
Guest
Natasha

Hi , it’s 9.30 pm in newzealand . My husband is still on the computer trying to contact magnum options bastards , our 100 k is hanging there on top of that so much lost already in bad trades by those so called expert traders . They are not returning a cent , instead they ring and argue and push and push to invest more money . We are trying to get our money back . No luck . They are cheats and big time scammers . Can anyone help please .

 
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