Top Option Review
Binary options broker Top Option is one of the leading companies on the market. Its platform is made in a way that options trading happens very fast and with high quality. That’s the reason why this particular broker was chosen for today’s short but very informative and useful guide.
Top Option broker was first introduced to the market in the year 2012. One of the first events the company held is the receiving of the CySEC license that was granted by a special commission located in Cyprus. Moreover, it is regulated not only by CySEC but also by European organizations such as FCA and Bank of France which are known for their strict rules and control. Of course, this considerable step is a huge positive advantage for clients in terms of their funds and operations security.
Another pro is that the broker manages to find a delicate balance between beginning and professional users as well as offer services that would be suitable and interesting for both parties.
Being on top among all existing traders is not an easy task yet Top Option copes with it thanks to constant innovations which are implemented by the company and which have already been appreciated by thousands of traders worldwide. Besides, even those who are not familiar with trading on financial markets can learn how to trade binary option in a very short period of time and later have an opportunity of additional income and perhaps with the time make binary options trading the main source of profits.
Top Option Trading Conditions
– Minimum deposit is $100;
– Minimum lot is $5;
– Payout percentages reaches as high as 85%;
– Bonuses reach as high as 100%;
– Availability of a demo-account;
– Availability of FCA, CYSEC licenses;
– Payment systems include: wire transfer; electronic systems: WebMoney / Moneybookers; credit cards: Visa / Master Card;
– Types of contracts: classic options High/Low, 60 seconds, One-Touch, ProOption and Constructor;
– Types of basic assets: currency pairs, shares / stocks, indexes, commodities;
Top Option Platform
Speaking about Top Option platform it should be said that it is pretty ordinary. Its design is colorful, modern and stylish which attracts customers. There is an opportunity to select types of contracts, basic assets, directions and also expiration times and size of investments. In simple words, comparing it with trading platforms of any other broker it is pretty much the same and doesn’t have any distinctive differences or unique features.
The main and only type of a diagram is a line. This kind of price presentation is very comfortable for lots of beginning traders as well as advanced investors. In order to use wide possibilities of an analysis, traders are able to use a platform which is offered right on the site.
Top Option platform also offers a special indicator that correlates buyers of Put and Call options according to different basic assets. Yet, one should remember that this indicator is subjective as it doesn’t depict a complete picture of the market but only positions that are opened by a certain broker. Despite this fact, at the very first steps, it will definitely help novices to fight any kind of fear to the binary trading because other brokers open trades and this manipulations give a certain moral support in making this or that decision.
Types of Binary Options
– Classic – Top Option offers Classic options Call / Put or how they are also called High / Low as many other brokers without exception. The main goal of this kind of a contract is to determine the basic asset’s changes of price direction regarding to its current costs;
– 60 Seconds – during this options trading, a trader should determine how the direction of quotations changes regarding their current figures. The only difference between Classic and 60 Second options is the expiration time which is only 1 minute in case of 60 Second options. Consequently, there is no need to wait for 10 minutes but get income in just 1 minute that can reach as high as 85%. This kind of binary trading is preferred by impatient traders who are eager to get profits as soon as possible;
– One-Touch – the main idea is that a trader has to determine whether the basic asset’s price touches a certain level. This option is very profitable and in case of a successful and fortuitous combination of circumstances, it becomes possible to receive 500% income. Of course, the risks are also high, therefore, only experienced traders are advised to trade such kind of options;
– Constructor – this type of binary options is also called – options building and is suitable for experienced traders as it offers to set the level of profits and risks independently. As for the rest, this contract is not any different from standard Classic option;
– ProOption – it helps clients to build their own option trading strategies and change the situation on their own free choice. This kind of a contract is ideally suitable for professionals under the conditions that it can be closed at any time, an expiration time can be prolonged and the price doubled. Needless to say that any additional actions will reduce the option’s profitability. But exactly this feature is ProOption main advantage. A trader is capable of making important decisions by himself/herself. As for the basic assets, there are plenty offered by Top Option binary options broker. Forex currency pairs include main majors as well as some crosses. Stocks and shares are represented by the biggest and most influential international companies. Speaking about commodities, they are represented by such goods as oil, gold, silver, wheat, sugar and many others.
Top Option Registration and Payments
The registration process with Top Option binary broker is very simple and easy. To become its client, all you need to do is to just fill a special application form stating your name and surname, e-mail, password and password confirmation. One more important detail is a phone number.
During the registration process, a trader will have a chance to choose an option to sign for daily reviews, messages and updates. Considering the fact that the process of verification is a compulsory procedure, a broker offers all its clients to pass it at the stage of registration to avoid further difficulties and questions. Verification is so necessary because without it you will not be able to withdraw the money. Therefore, all traders have to submit scanned copies of any document that confirms trader’s identity. It can be a passport, a driver’s license etc. There is no need to worry about this simple and quick procedure that is standard for every company working in the same or similar sphere because its main aim is to fight money laundry.
After all these steps are done, you are ready to add funds to an already registered account and start trading. As it was mentioned above, the minimum deposit is $100. Payments can be done with the help of wire transfer, bank cards and electronic systems.
Top Option Teaching Resources
To become the best trader, you should strive for it. Top Option binary options broker can help you with it by offering a big number of educational materials which are located at the section called “Education”. Here you will come across useful for beginning traders articles, video-materials and electronic books. Speaking about articles, they are mainly about the importance and advantages of such financial instrument as binary trading. Apart from that, due to these articles, it will be possible to learn the main terms with explanations which are used on the market. It is highly recommended not to neglect this particular section as further education will require the knowledge of these terms.
For those traders who are going to use News option trading strategy, there is a special section where all main market indicators are described. Indicators are plenty, but it is very easy to learn and understand them as the material is given in a very clear and simple way.
Video materials are divided into 2 categories. In the first category, you will find information about financial markets and trading on them. Apart from it, there are main binary options concepts along with their advantages. Finally, there are also certain psychological moments concerning risks that happen when trading.
The second category is completely devoted to practical trading. Traders are offered materials about the basics of market analysis, trend explanation as well as levels support and resistance and some option trading strategies based on Japanese candles.
In the third category, one will find materials concerning the main types of contracts offered by the Top Option binary options broker as well as work with its trading platform. As for the electronic book, it is represented in several copies each of which deals with certain aspects of the market trading. Electronic books are given to clients for free. One more education resource is webinars. They are devoted to practical moments of market trading.
Top Option Demo Account
In order to solidify knowledge within the limits of educational materials, a trader can use a demo-account. Generally, it is a training account which is very similar to a real one. It is offered only to the company’s clients and lets them get to know the trading platform better before they start working with real money. The presence of a demo-account is definitely a broker’s big plus. Thus, after learning all the educational materials, beginning traders have a chance not to risk real money immediately but to try their skills thanks to a virtual account.
Top Option Customer’s Support
When traders have some questions, the first thing that comes to their mind is – customer’s support that can be contacted through online chat which is right on the broker’s site. It should be mentioned that customer’s support works very fast thus avoiding any possible delays. Their reaction is very quick, they answer all questions fully and knowledgeably. If there is a need to solve the problems with the help of a phone, the broker has many phone numbers for different countries including Russia. Another way to contact customer’s support is to send an e-mail. There are a few e-mails on the site and each of them is responsible for certain services or aspects.
Top Option Profitable Strategies
What kind of strategies can be used too have profitable trades with this particular broker? First of all, traders are recommended to get to know those systems which are offered by the company. Among them, you will find really interesting and profitable option trading strategies based on Japanese candles without any indicators which are by the way absent among instruments offered by the trading platform. Considering the information that was received due to all educational materials about main News indicators which are perfect for binary trading is another great strategy for News trading, for instance.
As for One-Touch options, any trend option trading strategy is ideal because the principle of One-Touch option is to reach a certain level. In these methods, different indicators can be used.
Such professional options as ProOption and Constructor also use any strategy but with the condition that except trading signals, a trader will need to pay a special attention to risk and money management because these contracts are more complex yet they offer high payouts.
Top Option binary options broker is obviously one of the best brokers represented on the market today. Great support means that you can be absolutely sure that your funds are safe and there will not be any difficulties with money withdrawing.
Availability of a demo-account is also a big pro as a lot of traders like to practice and test the platform before earning real money in a real market environment. Top Option platform has all necessary features as well as the most diverse trading instruments among all brokers.
All in all, Top Option broker is a great and amazing choice for traders who specialize in binary options trading sphere.