UPDATE (2.3.2017):

We have found out that Askoption has shut down their operations.

We recommend choosing one of our top binary option brokers instead:

	Min. Invest	Min. Deposit	Max. Returns
	$1	$10	92%
	$1	$10	91%
						All brokers >>

	Min. Invest	Min. Deposit	Max. Returns
	100%	$10	92%
	$1	$10	91%

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

Established in 2014, AskOption is a binary options trading platform that is owned by PeakMedia Group Ltd. Their registered address is at #2 Old Brompton Road, Suite 50, London, SW7 3DQ while their business address is Blades Enterprise Centre, John Street, Sheffield, South Yorkshire, S2 4SW, UK. Their service partners include Columbus Merchant Services Ltd (Mauritius) and LLC Tauron Services (Georgia).

AskOption Special Features

Servicing an international clientele base, AskOption understands that their clients come from diverse backgrounds. As such they have provided 6 different types of trading accounts for their clients to choose from.

• Basic Account

Minimum Deposit $250

30% Bonus

Ebook& Training

Standard Withdrawal

• Mini Account

Minimum Deposit of $500

30% Bonus

1 Risk Free Trade

Assigned Senior Broker

Daily Market Reviews

2 Live Trading Education

Standard Withdrawal

• Standard Account

Minimum Deposit $1000

5 Risk Free Trades

Assigned Senior Broker

5 Live Trading Education

Daily Market Reviews

Ebook

Expedited Withdrawal

• Premium Account

Minimum deposit of $5000

70% Bonus

7 Risk-Free Trades

Assigned Senior Broker

10 Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Expedited Withdrawal

• Ultra Account

Minimum Deposit of $15,000

85% Bonus

10 Risk-Free Trades

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Risk Management

Expedited Withdrawal

• VIP Account

Assigned Senior Broker

Unlimited Live Training Sessions

Daily Market Reviews

Email & SMS Alerts

Ebook

Advanced Strategies

Risk Management

Same Day Withdrawal

Personal AskOption Rewards

As can be seen above, the benefits of each trading account vary and are geared towards different specific categories of traders. The bonuses offered are pretty generous ranging from 30% to 100%. And the risk-free trades are quite an attractive incentive. But it should also be noted that these bonuses and promotional offers come with conditions attached. For example, before you can withdraw the bonus, you need to meet the wagering requirement of 20x the bonus amount. So if you receive a bonus of $500, you need to achieve a trading volume of at least $10,000 before you can withdraw that $500 bonus or any profit made trading with it.

AskOption Trading Software

Unlike many binary options brokers in the industry today, AskOption uses the lesser known Panda TS platform. The platform offers traders 4 different types of option contracts. You can choose from High/Low options, Hyper Options, One Touch Options and Range Options. These options contracts typically let traders earn a maximum of 85% returns on their investments. For One touch options, the maximum return is even higher possibly reaching up to 500%.

The expiry times offered by the Panda TS platform are also quite diverse ranging from 30 seconds to 45 minutes. Although the selection of option contracts is not as many as those found on the popular SpotOption trading platform, the Panda TS platform does make up for this deficiency by offering a powerful copy trading feature. Beginner traders can easily follow what the top traders are buying or selling by watching in real time the Top 10 Trades social trading board. In addition, there are more than 100 different types of underlying assets available for trading. So the fact that there are just 4 different types of options contracts to trade with isn’t really an impairment for most traders at AskOption.

Screenshot

AskOption Support Information

For traders who need help, the support team at AskOption is available to render assistance 24 hours a day 7 days a week. To request assistance from customer support, AskOption’s traders can contact the support team through email, live chat or over the telephone. Traders in U.S, UK, Canada and Russia also have the benefit of having localized telephone support as AskOption have provided localized support telephone numbers for these 4 countries.  Their website is also available in Russian hence making it easy for Russian-speaking traders to navigate around the website.

AskOption Banking Info

Currently, AskOption only supports credit/debit cards and wire transfer for the funding of trading accounts. Withdrawals are also conducted through the same methods. As for the processing of withdrawal requests, the typical processing time is 5 business days. For credit card withdrawals, the minimum amount that can be withdrawn is $30. As for withdrawals conducted through wire transfer, the minimum withdrawal amount is $100. Traders are given one free withdrawal per calendar month. Subsequent withdrawals which are made within the same calendar month are liable for a service fee of $30 per withdrawal.

The AskOption trading brand is owned and operated by a holding company called PeakMedia Group Ltd. They have 2 service partners namely Columbus Merchant Services Ltd a Mauritius-based company and a Georgia-based company called LLC Tauron Services to provide ancillary services. Although AskOption is based in the UK, the broker is not regulated by any financial regulatory body. Nevertheless, given the fact that AskOption has been around for 2 years and had no major complaints against it, they have proven themselves to be a dependable and trustworthy broker. With the benefits that they offer, AskOption is actually quite ideal for beginner traders who are just venturing into binary options trading.