TopOption broker is a CySEC licensed financial provider owned by Leadtrade Ltd. according to the TopOption, this is one of the biggest brokerage companies specialized for binary options trading. In our TopOption broker review traders will find out most crucial information about this broker and available trading services.
This broker has a lot to offer, starting from interesting binary options types, multiple settings, simple trading platform, and professional customer support. Read more about TopOption in our detailed review below.
TopOption Account Features
Due to CySEC’s decision, TopOption no longer provides binary options bonuses!
Traders who decide to register with TopOption broker are welcome to start with low deposit amount and high level of security. One of the things most traders like with binary brokers is a low deposit and in the case of TopOption, it is only $100, which is below the industry average. We were very surprised with this information so we have checked it with TopOption customer support agent who has confirmed low deposit amount. Lower deposit amounts allow binary newcomers to have a chance to try trading before they invest larger investments.
TopOption review has shown this broker prepared three different trading accounts for their clients. In order to find out more about TopOption trading accounts we have also contacted TopOption support agent, because we didn’t found this information on their site. After just a few moments their helpful agent has sent us a link with info about accounts:
TopOption Starter Account
Starter account starts with $100 deposit and traders are not charged with additional fees or commissions. TopOption traders who have registered with this account are welcome to customize stake sizes and use several risk management tools. Starter account enabled traders to access investor compensation fund and to execute payouts per account level.
TopOption Pro Account
Pro account is available from $1,000 and it is also commission free. Traders that register with TopOption Pro account is welcome to reach to STARTEGIX access – a very advanced strategy of trading. According to TopOption support agent, traders who use Strategix portfolio manager teaches traders on how to properly and efficiently use their trading platform.
Besides additional tools, traders who use Pro account are supported with 24/5 assistance and support from TopOption specialists. This trading account includes newsroom alerts and updates, TopOption video library and one on one training.
TopOption VIP Account
TopOption VIP is customized for traders who plan to invest more than $5,000. Besides all the features from previous accounts, VIP traders are welcome to have access to the advanced video library and access to the special professional trading platform. TopOption has enabled traders to get a Faunus asset management report and direct contact with a specialist account manager.
While we were writing our TopOption review, we have found out this broker keeps all client’s funds on several locations in the UK, Germany, and Switzerland.
Although we are used to it, especially with regulated brokers, the case with TopOption is that it has no demo account available. Demo accounts are usually helpful for training before the real trading begins. Besides this, demo accounts help traders to get familiar with the trading platform and it services. The biggest benefit of demo accounts is that traders are trading in a risk-free environment without spending any of the real money.
Since TopOption doesn’t provide demo account, they have welcomed traders with a rich educational section where traders are invited to collect materials and learn about the world of binary options. TopOption resource center is really a comprehensive education hub which is available in various languages. According to TopOption, their resource center provides information to both binary veterans and novice traders.
In this educational section, traders can find numerous videos, e-books, useful webinars, latest breaking news etc. We have also found TopOption resource center provides an economic calendar which could be useful if traders want to track certain upcoming market events. TopOption has organized a neat daily and weekly market reports where traders will be able to follow the potential market opportunities.
TopOption Trading Software
In our TopOption review, we have analyzed what options traders have when it comes to trading platform. It is important to know that TopOption broker is based on the simple web-based platform so traders don’t need to download any programs if they use their computers. In order to be competitive with its rivals, TopOption also enabled mobile trading platform.
TopOption broker has integrated with KeyStone trading platform, the software that is easy to use and provides many great features. Traders that register with TopOption has opportunity to pick between 180 underlying assets and trade with various binary options products such as Speed Master, One Touch, Pro Option, Classic Option and other.
TopOption traders have an extensive access to various expiry times that will satisfy the needs of every trader. In our TopOption review, we have found this broker is providing 60 seconds for those who are into fast paced trading. TopOption also enabled longer expiry times for those traders who prefer risk-averse trading.
KeyStone platform provides several ranges of unique tools we have seen in our TopOption review. Traders can use advanced charts, Buy me out, Double Up or Roll Over features. In our TopOption review, we have found out traders are invited to use additional risk management tools that allow traders to determine the level of the risk. When traders start executing their trades on TopOption platform, they will be able to monitor active trades below the charts on their platform. Trading charts are placed in the middle of the TopOption platform. All closed trades can be viewed under trading history.
This regulated broker, due to CySEC’s decision, no longer provides binary options bonuses!
TopOption Support Information
After a trader has registered with TopOption, he will receive a phone call from a TopOption representative. This way traders get most important information about adjusting the account and making first steps with TopOption. After making the first deposit, traders will get a personal TopOption account manager that will guide traders and help them with some basics. In our TopOption review, we have opened a trading account in order to check the quality of TopOption customer support service. Their support agents are well trained and they really give a lot of effort to assist and provide helpful information. They also point out that binary trading carries certain risks and that traders must be aware of possible consequences when investing their money in binary options.
TopOption website is available in many languages so traders can access the site in English, German, Spanish, Dutch, French, Swedish, Greek, Polish and many others.
In TopOption broker review we have found many useful educational materials that are available to traders. In TopOption educational section traders can find various videos, webinars, ebooks and guides about binary options trading.
TopOption Company Information
Traders who choose to register with TopOption can make a deposit and withdraw using some payment methods like credit cards (MasterCard, Visa, Delta), e-wallets (WebMoney) or fast bank wire. We can say this broker offers just a few payment options and we mostly miss the option to deposit with Skrill.
Besides payment options, TopOption allows easy withdrawal process and even simpler deposit process. Traders can find more information about TopOption regulations in their terms and conditions document.
In order to make their first withdrawal, TopOption traders have to verify their trading account and make sure they are legit owners of their account. Once when the TopOption account is verified, traders don’t need to provide same verification again. According to the TopOption, withdrawal requests are processed within a very short time and in order to see funds visible on their bank accounts, traders will have to wait up to 10 days. This depends on payment option trader has chosen to use for trading.