TopOption have ceased all operations. Please visit our recommended brokers page.
On Binary Options Blacklist, we find a lot of brokers for the blacklist, but it is only on occasion that we find a candidate to strongly recommend to our visitors. When we heard that the guys over at Markets.com had branched into binary options, we became very excited. Their binary options brand is called TopOption, and is located at its own URL (below). Markets.com has a strong reputation and the company is regulated. Let’s check out what they are offering over at TopOption.
- Official Website: http://www.topoption.com/
- Headquarters: Nicosia, Cyprus
- Phone number: + 35722222039
- Email address: [email protected]
- USA traders not accepted
- Trading platform: Markets.com (proprietary)
Is TopOption a Scam?
Absolutely not. This is an easy oneto call legit. Firstly, because Markets.com, the operating company, is already incredibly well-known. They are based in Cyprus, and are regulated by CySEC, license number 092/08. Markets.com also is regulated regionally by a number of different authorities (the full list is available on their About page). They have an established history and an abundance of glowing reviews since their inception. Since TopOption is owned by Markets.com, you are enjoying this same level of protection and amazing customer service.
Deposit Info – Minimum TopOption Deposit
- Start trading with just $100. This is a very low minimum.
- Deposit methods: Credit or debit card, wire transfer, WebMoney or FastWire.
- Trade in USD, EUR, GBP, CAD, JPY, or ZL.
A lot of binary options brokers have a withdrawal minimum of $100, meaning you cannot withdraw your money if you have less than that available. This can make it tricky to get at your money. There are no such worries with TopOption.
There is a turnover requirement for withdrawing a bonus if you choose to accept one (generous bonuses of 100% on up to $5,000 are available), but there are no restrictions or fees imposed for general withdrawals. This is wonderful, since most brokers limit how many times you can withdraw.
We love these flexible terms, and you should too! The only fee that TopOption imposes at all is a $5 fee for inactivity. Your account is classified as inactive if you do not place any trades in a 3 month period (not likely to happen if you are a dedicated trader).
Types of Options Available:
- High/Low (including Pairs)
- Option Builder
- One Touch
- 60 Seconds
- Pro Option
This is not as much variety as some websites offer (no Boundary trading for example), but it is still quite good. If you are into trading fast, you can trade 60 Second options. If you would prefer to take it easy, there are longer-term options available that stay open for several weeks. You can select from several different expiry times when you do High/Low trades, and you can specify a customized expiry time with Option Builder. One Touch gives you another way to trade and a chance to earn profits of up to 560%. Pro Option gives you a more advanced chart view that you can use to get a better idea of what is happening in real-time (we also suggest downloading charting software).
Trading and Training Features at TopOption:
TopOption isn’t lacking in the features department. This broker is committed to helping serious traders succeed. Here are some of the tools and resources they provide:
Rollover. Stay in your trade for longer than the expiry time for a chance to win more.
Double up. Double up your investment amount and win more money.
Early close. Need to get out of a trade early? Early close is one of the most helpful features that any binary options broker can provide you with. Conserve your money, cut back your losses, and increase your win percentage.
Payouts typically range around 85% for most of the options you can trade at TopOption. You can set the out-of-money refund from 0-10%. If you trade One Touch options, you can score higher payouts up to 560%.
TopOption provides traders with plenty of educational resources and training materials to help them excel at their training. Along with the FAQ and glossary that help you learn your way around the site and get to know TopOption’s services, there are webinars, eBooks, video tutorials, and more. Using these resources, you can study up and become a profitable binary options trader.
What Can You Trade on TopOption?
There are a ton of assets on TopOption! You will find plenty of exciting opportunities with 160 different financial instruments to trade. Pairs trading is offered as well.
- APPLE (US)
- BNP PARIBAS
- CITI GROUP
- COCA COLA (US)
- ORANGE FR
- GOOGLE INC.
- HSBC HOLDINGS
- IBM (INTERNATIONAL BUSINESS MACHINES)
- TATA MOTORS
- TEVA PHARMACEUTICALS
- SUGAR (11)
- OIL (LIGHT SWEET CRUDE)
- BOMBAY SE
- FTSE 100
- HANG SENG
- IBEX 35
Final TopOption Conclusion – Legit, Safe and Trustworthy
TopOption is powered by Markets.com and it is clear that they are backed by a legitimate company with a stellar reputation. You can deposit and withdraw easily. I recommend, as always, avoiding the bonus offer or making sure you are totally good with all of the terms and conditions before accepting the bonus. Like all brokers, the bonus requires terms and conditions to be met before withdrawing funds.
You can trade binary options at TopOption.com in total confidence that you are getting a fair trading experience. Best of luck in your trades!