GrandOption Broker Review 2023

Min. Deposit $250
Min. Invest $24
Return 88%

This broker is closed.

GrandOption does now only offer its service to a select number of international customers but it does have a secondary system called 24 option that is available to a larger worldwide audience. GrandOption still stands as one of the most recognized binary options brokers available in the world. They are known for offering quality returns on successful trades and for hosting an environment which is fair for many different types of users.

GrandOption Review found this broker also has many different features that you can’t find on the average binary options trading platform including a massive educational library and third-party signals which can be set up within the platform.

*GrandOption no longer accepts international customers.

GrandOption Account Features

GrandOption is a platform that has integrated TechFinancials platform. The GrandOption review discovered this broker delivers up to 88% back in a successful trade and they offer several different trading terms including a two-minute, five-minute and 60-second trade as the base platform settings. Stop loss features can also be introduced to help traders eliminate their losses as well as set up the platform to automatically trade or stop trades in the event of poor market conditions.

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

Several different account type options are available on GrandOption each with their own unique account features. These are how some of the benefits of each account breakdown if you are considering upgrading your membership or depositing a large amount up front:

GrandOption Standard account: standard account at GrandOptions will allow you to access the web platform, the Academy video database and more. With the minimum deposit amount of $250, traders can access the standard account which will provide them with a streaming section of market information and updates through the blog as well as assistance from a 24-hour market expert. This is really just an extra news site that you can access as well as the basic features of the trading platform.

GrandOption Superior account: the superior account option will yield an extra 2% return on trades as well as access to an account manager that can help you with inquiries, assistance in the trading process and favored customer support. The superior account is the most used account for GrandOptions members because it comes with a balance level of choice in features with excellent customer service. You will generally need to deposit at least $1000 to get access to the superior account features.

GrandOption VIP: GrandOption VIP comes with the most features including a personal training session with an expert in binary options trading. Working with a senior account manager to learn more about binary options trading in the entire platform can give you a huge edge with your trades. Winning a trade with the GrandOption VIP account will also ensure that you get up to 4% extra in all of your payouts which can be a powerful tool especially when you are trading in larger amounts. In order to access his level of account, you need to deposit at least $5000 into the trading platform.

Some of the basics of trading on this broker is the minimum deposit of $250, a minimum trade size of $25 and the maximum trade size of $50,000. It inducing a minimum trade size of $25 is significantly higher than the minimum trade size that you may find with other brokers. This can sometimes shy away from many customers that are interested in trading on a small budget.

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

GrandOption Trading Software

One of the main features that GrandOption offers is the Academy subsection of the website. On the Academy, you can enjoy checking into trading success videos, web tours, advanced strategy improvements as well as ongoing videos that can help you to adjust your strategy and become an advanced user. GrandOption review showed broker welcomes a customer service mission to ensure that options trading can become more accessible to every one of its customers and they seem extremely dedicated to delivering ongoing training resources that are easy to understand and follow.

The user forum section of the Academy is another aspect of the software that can help you to gain some extra insight and experience. The trading community forums to help let you know about new assets, changes to the system and experience a bit of camaraderie with individuals who are also trading on the platform.

The trading platform plugin is a big change to this trading software over some of the other brokers. Unlike a full trading software platform that takes up the whole window of your skin, GrandOption review finds this trading platform takes just a small plug-in window that can create a fair space for you to make trades well reading advice. You can also break apart the window into multiple trading streams so that you could trade multiple assets on the same screen. This unique software feature makes this platform much more competitive and flexible than some of the other trading platforms available.

GrandOption Support Information

Due to CySEC’s decision, StockPair no longer provides binary options bonuses!

As a regulated broker under CySEC GrandOptions needs to present a wealth of assistance and customer service as a part of its institution. GrandOption also takes a number of measures to make sure that clients funds are kept safe and secure and that no personal information is potentially exposed.

The trading platform remains extremely popular throughout Europe and platform and support options are available in Turkish, Russian, Italian and English for some varied international support. While this broker doesn’t have the same level of language support as others, it can offer some decent international support for many customers.

As well as 24-hour customer support in several different languages you can access a wide number of webinars, FAQs, customer service e-mails, phone numbers and live chat support. The overall customer satisfaction rates on GrandOption are quite high when compared to some of the competitors in part of this is because of the licensing and regulations that they are bound by.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

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GrandOption Company Information

As we went further in our GrandOption review we have determined the broker is governed by a CySEC license in Cyprus this company also has to keep all of the regulatory rules of a trading platform for the EU ensuring that they can deliver a fair and secure trading platform for all of their users. FCA registration and security options work to protect users and ensure the safest and most efficient trading platform for everyone.

The company first opened in the year 2014 and they are owned by the secondary holdings company of Rodeler LTD.

There are many payment options available to GrandOption users. GrandOption review determines various credit cards including Visa, diners club, MasterCard and more are all accepted forms of payment you can also use various E-Wallets and bank wire services with minimum deposits of $100. Many users also choose to use Skrill or Moneybookers.

GrandOption review discovers withdrawals are handled a little slower than some other brokers with processing time taking around seven days. Many other brokers offer to three days standard withdrawals.

GrandOption does also have ongoing fees for account holders on their withdrawals. The standard withdrawal fees are $30 for bank transfer, 3.5 percent on credit cards and 2% withdraw fees on E-Wallets. This can be quite steep especially when you consider some of the withdraw fees of just $10 at some other binary options sites like Bull Binary

GrandOption Review Conclusion

Overall this broker is a solid one with plenty of support and some very cool features in its software. It lacks however in the international support that it offers, the withdrawal fees and the bonus is that it makes available to many of the top members.