EmpireOption is a new binary options broker run by a company called Lubona Enterprises LTD, from the British Virgin Islands. It has a headquarter located in London, UK and its operation is authorized by Bnet on the Web Limited.
They accept clients from all over the world except clients from the USA. EmpireOption has one of the largest selection of assets as traders get to choose from over 250 types of assets.
Much like many other brokers, the trading platform supported in EmpireOption is a SpotOption web based platform. Traders can choose from a variety of options on the platform including standard binary options, short term options, long term options, one touch and pairs.
The charts shows the latest prices of the assets updated in real time by Reuters. The iFollow functionality allows you to use the same strategy that other professional traders used to win their trades.
The minimum investment amount is $25 while the maximum investment about is $1000. The maximum returns you can earn at EmpireOption is 85%. Traders can expect to get 15% back if they make the wrong prediction on the price direction and become out-of-money. The 15% rebate depends on the type of the asset.
It support a mobile platform that is compatible with both Android and iOS mobile devices. The site has a TRUSTe privacy seal to assure traders that their sensitive information are kept confidential at all time.
Types of Trading Accounts
EmpireOption offers 5 types of accounts including micro, classic, empire plus, preferential and empire VIP. You need to deposit at least $200 if you want to sign up for a Micro account. Micro account features weekly financially analysis report, 1 tradebook, and 1 seminar. For the Micro account, the minimum withdrawal is 200 units and the duration for withdrawal processing is 10 days. Classic account requires an initial deposit of at least $500 and it has a much lower minimum withdrawal of 10 units.
If you have a classic account, your withdrawal will be processed within a period of 7 days. Classic account’s holders will enjoy benefits such as daily financial analysis report, 2 tradebooks, and 2 seminars.
Empire Plus account is for traders who has at least $1,000 to invest in binary trading. Members of Empire Plus account will enjoy benefits including 3 tradebooks, 3 seminars, and 5 days withdrawal processing. Preferential account is for forex traders with a capital of at least $5000 to invest. Preferential account offers features such as 4 tradebooks, 4 seminars and 3 days withdrawal processing. Empire VIP requires a minimum of $30,000 for the initial deposit.
Empire VIP account’s holders will have their withdrawal request processed in just 1 day. Besides, as a member of the Empire VIP account, you will have access to all the five tradebooks, and seminars. EmpireOption does not offer a demo account for traders to test their trading strategies.
EmpireOption accepts several types of deposit and withdrawal methods including credit cards, bank wire, JBC, CashU, Neteller, Skrill, WebMoney, JBC and Western Union. It takes about 5 – 7 days for your money to reach your account after your withdrawal request is approved. The length of time it takes to process your withdrawal depends on the type of account you join.
EmpireOption offers customer support via live chat, support ticket, email contact form and telephone. The website layout support 6 languages including English, Spanish, Portuguese, French, Dutch, and Russian. You can find the customer support contact information on top of the website. There is a search box on top where you can type in your question and get the answer after hitting enter on your keyboard.
EmpireOption Binary Options Review
In conclusion, EmpireOption is an excellent binary options broker that offer a large selection of assets. Its platform is simple to use and it is completely free to sign up for an account with them.