SternOptions

Stern Options Broker Review 2018

  • Min. Deposit $250
  • Min. Invest $5
  • Return 85%

Stern Options is a relatively new binary options broker that appeared on the financial market which implies that the services they provide are also fresh and interesting. But are they really?

This Stern Options review will go through all the important information a trader needs to know about a broker they might be considering investing with.

We will be reviewing Stern Options account options and diversity, as well as trading software features, customer support, and banking information.

Read the rest of the review to find out is Stern Options is the right broker for you.

Stern Options Broker Account Features Review

Probably the most important thing to mention right at the beginning of our Stern Options review is the fact that this broker doesn’t offer a Demo account. That is something that is very likely a huge deal to potential traders since they don’t have a chance to try out the platform or get accustomed to this broker. Also, not being able to test the broker platform before and actual deposit means that you have to invest first and potentially risk your money. Demo accounts are excellent for both expert traders and binary newbies. Demo account allows traders to get familiar with all the trading options and features. They usually come with a virtual amount of money which enables traders to place real trades without a need to spend their real investment. We hope that Stern Options will integrate demo account and help traders to practice before they start investing real money.

However, their education section seems rather elaborate. The drop-down menu on Stern Options platform reveals that this broker offers:

  • Trading Academy
  • Binary Options E-books
  • FAQ
  • Binary Options Asset Index
  • Glossary
  • Economic Calendar.

Training Academy is especially interesting seeing that it contains several in-depth courses, as well as video tutorials and e-books. We like the fact that broker featured so many educational materials which usually motivates traders to learn and educate themselves about binary options trading.

The range of returns is also an important factor for traders looking for prospective, new binary options brokers. For Stern Options returns range from 70-85% which would be the trading industry average. Their minimum deposit amount is also set at standard $250.

Stern Options Broker Trading Software features

One of the first aspects we inspected with Stern Options review was the trading platform. We have discovered that broker uses SpotOption as their trading software. The software is quite common within the binary trading industry, which more times than not, means it’s a great choice. According to the Stern Options, their platform is stable and reliable which is hard to go wrong with.

The visual design of the platform is very eye pleasing with minimalistic features. Every segment of the dashboard is meticulously organized and logically set so that all types of traders will enjoy their trading platform. Considering their lack of different types of accounts, it is easy to conclude that their choice of design of the platform is also aimed at a modern, universal trader that wants efficiency and results.

Stern Options broker review found that broker offers over 200 underlying assets to trade with, which are categorized as currencies, commodities, stocks and indexes, even Forex pairs.

As far option types go, there is plenty that is offered such as Short Term, Long Term, One Touch, Ladder, Forex and Limit options.

Our Stern Options review brought to light the fact that Stern Options platform is also available as a mobile app which – available on both smartphones and tablets. According to the Stern Options website, the mobile app includes a trading platform, constant updates, charting tools and complete access to information about your transactions.

Stern Options Broker Support Information Review

The Stern Options website is available in two languages; English and German. We have to say there are various traders that are not used to English language and they prefer using the site in their own language. This means Stern Options could work on integrating more languages on the platform. However, there are a multitude of contact numbers available for contacting if your preferred way of contacting is by phone. Seven phone numbers are located in Scotland, UK, Australia, Austria, Switzerland, Germany and Saudi Arabia with two additional toll-free numbers in UK and Germany.

The Stern Options Live Chat is also a quick and efficient way to resolve your questions and doubts. In the process of writing our Stern Options review,  we contacted the Live Chat staff for more information on their services, specifically concerning returns and regulations. We were informed that the Live Chat staff is more informed about the technical support part so they couldn’t answer our questions. We were suggested that they can contact the account manager for us and he/she can call us back. This might be a problem for some traders who are not very comfortable with a phone conversations as it adds to pressure and might push a trader to give up on this broker.

Apart from the means already mentioned there is also a Contact Form displayed on the website along with three email addresses for Customer Support, Compliance, and Marketing & Affiliates.

Stern Options  Broker Banking and Company Info

Stern Options website states that this broker accepts deposits made via Skrill, Wire Transfer or any major credit card. This also applies for withdrawal, however, there will be a fee applied and the trader will have to submit several documents that prove a trades identity.

One of the things we asked the staff when we contacted the Customer Support Live Chat is whether or not Stern Options is a regulated broker. We were told they are not. This is really a shame since that means they are not being supervised by any valid regulating body.

In our reviews, we are very adamant about the fact that binary options traders should not do business with brokers who do not have a valid license by any of the major regulating bodies. Those types of brokers are not obligated to adhere to the same legal requirements and there is a higher risk of scam practices.

It would be a great thing if we could wholeheartedly recommend Stern Options to traders, given that the most of the characteristics of this broker are very good or even excellent. However, there are several things that we have had trouble with during the writing of this review, namely the lack of a Demo account which severely influences traders decision of choosing a broker. Another issue, which is even bigger and definitely more serious is the fact that Stern Options is not a regulated broker. This, on its own, is enough for us to not recommend them.

There is a complete list of trusted and regulated brokers on here on binaryoptionrobot.com if you are in need of one. Make sure you choose a reputable and trustworthy broker to handle your binary options trading.

SternOptions - Review Conclusion