FireOptions is a new broker that has been in the binary options market since January 2015. The broker is regulated with CySEC and the license number it was assigned is 092/08. They accept brokers from all countries with the exception to traders from North America, and Japan.
There is a selection of about 150 assets that traders can trade on at FireOptions. FireOptions does provide a demo account for traders who want first try out their platform before depositing real funds into their accounts. FireOptions binary options broker was closed down, starting from the 1st of September 2015.
The KeyStone TS platform at FireOptions is easy to use and support a variety of binary options. The platform supports 7 types of options and there are 8 expiry time frames. The expiry time frame range from 60 seconds to 1 hour, 24 hours and end of day. The high/low binary option is the traditional binary option that most traders are familiar with. It involves predicting whether the price will be higher or lower when the expiry time comes to an end.
Sixty seconds option has an expiry of 60 seconds and is the option with the shortest time frame on the platform. Touch option is a high yield option that offers a return of up to 500%. Range option requires you to predict where the price will touch the target range set by the broker. The minimum trade requirement is only $10, which is very affordable for traders who want to test the trading platform.
Types of Trading Accounts
FireOptions offers 3 types of accounts including Standard, Pro, and VIP accounts. FireOptions Standard account has a $200 minimum deposit requirement and offers 50% welcome bonus. If you have a Standard account, you can will get access to the introductory one-on-one training session.
FireOptions Pro account requires you to fund your account with a minimum deposit of $1,000. With the Pro account, you get a 100% welcome bonus which is capped at $4,999. You will get to attend a one-on-one training session with a binary options trading expert for a total duration of 3 hours per month.
Fire Options VIP account is for professional traders who are ready to invest more than $5,000 in binary trading. You are entitled to receive a 100% welcome bonus when you join the VIP account, with the maximum level of bonus capped at $20,000. You will enjoy benefits such as unlimited one-on-one training sessions, off hours support, and free trading signals will be sent to your phone by SMS. All levels of accounts will get free daily/weekly market reviews, and insurance coverage for the clients’ funds.
FireOptions offers email as well as telephone customer support for traders around the world. The telephone customer support is provided to customers in selected countries including Australia, Bahrain, French, and Italy. They currently do not offer live chat support for customers.
FireOptions accepts several types of payment methods including credit cards, Skrill, bank wire and Neteller. The funds will arrive in your account instantly if you deposit by credit card and Neteller. It takes about 5 days for you to see the funds in your trading account if you deposit via bank wire. There is no fee when you perform a deposit into your trading account no matter what payment methods you choose. For withdrawal, they charge a $100 fee if you opt to withdraw via bank wire. They have one of the lowest minimum withdrawal, that is $5 compared to other binary options brokers.
Fireoptions review – Conclusion
In conclusion, FireOptions is a newly launched broker that offers advanced trading platform with a speedy withdrawal request processing. Their basic account has a low minimum deposit which is affordable by most traders.