TopOption

UPDATE (29.01.2017):

We have found out that TopOption 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:

It’s a good thing to have a nice selection of choices when it comes to finding a broker for you to trade binary options with. Some people claim there are just too many choices out there and it makes hard to choose a reliable broker. That is where we come in and we can help make your decision easier. We try to narrow your list of choices down by searching and finding good brokers like the one we will review today, TopOption.

Why do we like TopOption? We like them because we think they are a fair web broker that has a good reputation, consistently gets good reviews and they offer a lot of benefits to those that trade with them. They also have a lot of experience in binary option market because they were the first one who offered online binary options trading to their users.

Don’t take our word for granted, check out our detailed review and find yourself as we thoroughly cover this popular binary options trading site.

Basic information:

Online since: 2008
Jurisdiction: Cyprus
Software: SpotOptions
Max Returns: 82%
Minimum Deposit: $100
Minimum Investment: $5
Maximum Investment: $4000
Currencies: USD, EUR, GBP, PLN
Mobile: Yes
Countries: All nations excl. USA, Canada, Japan, Israel

Pros:

Good variety of options
82% return on Investment potential
User friendly interface
Small minimum investment
Regulated by the respected CYSEC agency
Demo account
Many years of experience as a binary options broker

Cons:

No customers from the USA accepted

Sign Up

Signing up for the website could not have been easier. All we had to do was fill out a very short questionnaire, prove our identity and then make the required minimum deposit of $100. A low deposit like that makes entry into the binary options trading market easy for just about everyone.

Types of accounts

There are three distinct account levels with TopOption. They are designed to fit the needs and knowledge level of different traders; some traders just do it as a hobby while others do it as a serious profession. There are account levels that fit all types of traders. Each account type has special features too and each higher level account gives you access to all the features that the lower account levels have also. Take a look.

STARTER ACCOUNT

Includes deposits from $100 up to $249

$0 Fees and commissions
Standard account manager services
Weband mobile platforms access
Tools for risk management Tools
E-Book learning series provided
Convenient starter guide
Access to the E-Video content
Newsroom alerts and economic updates

PROACCOUNT

Includes deposits from $250 up to $999

In addition to all of the benefits that come with a Standard account, this level account holder will also receive the following additional benefits:

Starter and advanced guides
3 hours of 1-on-1 Training
Professional account manager servicers

VIP ACCOUNT

Includes deposits from $1000 up to $5000

In addition to receiving all of the benefits that come with a Standard and Pro account, this level account holder will also receive the following additional benefits:

Starter and advanced guides
Unlimited 1-on-1 Training
Elite account manager servicers
Off Trading Hours Assistance
Trading central access and free SMS signals

Screenshot

Learning Tools

There are a variety of very good learning tools that everyone who trades with TopOption has access to. The most significant of which is their handy demo account. This helps those that are new to the site get acclimated to the trading platform before risking their hard earned investment dollars and it also helps novice traders learn a little about binary options trading before they start risking their own money.

In addition to being able to access the free demo account, all level account holders will receive:

a complimentary eBook learning series
access to certain webinars
access to video tutorials
instructions on how to spot key market indicators

Assets

One of the best things about the TopOption web broker is the tremendous amount of assets their traders get to choose from. There are around 180 assets in total. Among these are some of the most popular stocks in the world, matched currency pairs, heavily traded commodities and some of the better stock indices. That is enough variety that anyone can find a few assets that they are familiar with and find comfortable trading.

The choices of assets that can be traded include such ones as gold, google, apple, Coca-Cola and the NASDAQ. Trading with stable assets such as these makes placing winning binary options trades much more likely.

Trading Platform

Investors with TopOption will have the benefit of trading on one of the most popular platforms that there is when it comes to trading binary options. They use the really good SpotOption trading software that has been modified and improved over the years to give those who use it a very simple to use and satisfying trading experience.

The platform is well laid out, logically menu driven and it takes just a few points and clicks with a mouse to surf the website and place trades. There is a lot of peace of mind that comes with using this quality web platform.

Placing Trades

Not only does the platform itself make trading simple and easy to understand but the variety of options that the customer has to choose from helps a lot too. They offer such option choices as High/Low options, One Touch options, 60 second options, Long Term Options, Meta Charts and Pair Options. With that type of variety a traderis sure to find an option choice that will be appealing to them and they can have success with.

One of the most unique things about placing trades with TopOption is their unique ‘option builder’ feature. Here customers can kind of mix and match their favorite options with their favorite assets and create an option choice that is custom for themselves. A little customization is always welcomed by investors, especially if it helps them make more profitable trades on a consistent basis.

Return on Investment

There are two reasons that investors like to trade binary options.

The first reason is that they are simple to understand
The other reason is that they are likely to provide a much higher return on investment than other types of market trading

TopOption gives those that trade with them an opportunity to earn as much as 82% for every dollar that they spend. Return on investments like that can add up to a whole lot of money in your trading account in a hurry.

Banking

There is one very unique feature that reassures TopOption’s customers when it comes to the safety of their investment account. Many people see they are based out of Cyprus and worry about the once unstable banking situation there. No need to worry here because TopOption has that problem solved; all of their banking transactions are done through reputable banks in England, Switzerland and Germany; your money will never even enter into the banking system in Cypress.

Now that you know your investment deposit will be safe and secure with TopOption, you need to also know that the banking system is very straightforward and they try to make things such as depositing and withdrawing money as seamless as possible. They offer a variety of ways in which you can make a deposit including Visa, MasterCard, Bank Wire, Diners Club and WebMoney. Many of these same methods can be used for withdrawals as well.

Customer Service

Customer service is a big plus with the TopOption web broker. They offer excellent support in a variety of different languages such as:

English
Spanish
French
German
Italian
Swedish
Russian
Dutch,
Japanese
Arabic
Romanian
Portuguese
Norwegian
Chinese
Polish

That is a sign of a company that goes the extra mile to take care of those who trade with them.

We also found nothing but minor complaints when we searched for reviews of the TopOption broker on the internet. As a matter of fact, most of the reviews we came across were overwhelmingly positive ones. That is another sign that the customer service team is resolving questions and concerns in a satisfactory manner.

Key Features

To sum it up there were several key features that we liked when using the TopOption web platform. We liked the fact that they were confident enough in their business practices that they chose a strict regulatory agency like CySEC to oversee them. They also offer those that trade with them a variety of excellent learning tools to choose from.

Conclusion/Summary

There is absolutely no doubt in our minds that the experience that TopOption brings to the table plays a big role in the quality of their website. We found very few things not to like about them overall. Everything was straightforward right from the initial account setup all the way to banking and placing trades. I guess we don’t have much else to say except we have no problem putting this broker on our list of recommended websites to trade on, right on par with Banc de Binary, IQ Option, Nadex, 24Option, Boss Capital and Olymptrade for example. We also recommend checking out Binary Option Robot for automated trading with the top brokers.

Additional information

Customer Service: Live Chat / Email: support@topoption.com
Languages: Swedish, Russian, Dutch, Japanese English, Spanish, French, German, Italian, , Norwegian, Chinese, Polish, Arabic, Romanian, Portuguese and Polish
Trading Options: High/Low options, One Touch options, 60second options, Long Term Options, Option Builder, Meta Charts and Pair Options
Early close: Yes
Expiry Times: 60 second, 15 minutes, 1 hour, 24 hours and End of Day
Deposits and Withdrawals: Diners Club, WebMoney Visa, MasterCard, and Bank Wire
Withdrawal Time: 3 days
Demo account: Yes

John Miller

Author at 7 Binary Options

John Miller is the main author of content here at 7 Binary Options. He’s also the brand’s lead investment consultant. He’s been working for 7 Binary Options since April 2014 and brings a wealth of knowledge and experience to his role. He’s played a crucial part in developing the site and helping it grow. In his role as writer and consultant, John’s keen to help others get ahead in the ever-changing world of binary options and forex trading. He’s always happy to advise others, whether it’s complete beginners learning the ropes or more experienced traders looking for some hints and tips.

John certainly knows what he’s talking about. He graduated from California State University in 2008 with a Master’s Degree in Investments and Securities. Since entering the world of work, he’s continued to put his degree to use. He’s spent over a decade working in the investment banking sector and thanks to his foresight, skills and education, he’s in a prime position to offer help to others looking to start investing.

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