MaxOptions is a Switzerland based binary options broker founded in 2012 MaxOptions is regulated by the EU regulation organization, CySEC and holds the license number 170/12. They offer more than 60 types of assets and they never charge any fee for the trade you place with them.
The website’s interface does not support international languages and the only language it supports is English. Several types of currencies are being supported in the account including USD, EUR, Turkish Lira, and AUD. They do not offer any demo account for traders to test their trading strategy.
MaxOptions Trading Platform Review
MaxOptions offers three types of LiveTrader trading platforms including LiveTrader web platform, LiveTrader Android and Smartphone platform and LiveTrader Tablets platform. The LiveTrader web platform supports all major browsers and is protected with the https protocol. It features detailed technical analysis charts and allows you to earn up to 81% per trade. You can easily access the education center via the trading platform. The mobile platform allows you to view all our banking history, deposit funds and monitor trades through your mobile phone.
Types of Trading Accounts
MaxOptions offers 3 levels of accounts including Mini, Silver, and Gold. Mini account is for traders who want to invest between $250 – $4,999 into their trading accounts. You get up to 50% bonus when you sign up for the Mini account plus you get to attend for two advanced courses for free. You get 3 text message updates every month. Silver account is suitable for traders who want to invest in between $5,000 – $9,999 in binary options trading. You will receive a 75% bonus after making the initial deposit and you get to attend 5 advance courses for free.
Besides, they will also send you up to 30 text message updates every month. Gold trading account is for traders who intend to deposit more than $10,000 into their trading accounts. You get a 100% bonus that matches with your initial deposit when you sign up for a Gold account.
In addition, you will get access to 10 advanced courses and 80 text message updates for a period of 2 months. As a member of the Gold account, you will also get access to other VIP services. For example, you can get a 1-on-1 coaching with one of the expert in binary trading at MaxOptions. All accounts are entitled to receive Cpattern messaging, as well as daily and weekly market reviews.
MaxOptions offers a number of ways for you to deposit and withdraw fund including credit/debit cards, bank wire, cashU, iDEAL, WebMoney, QIWI, and Skrill. They accept several types of credit/debit cards including Visa, Visa Electron, Maestro, and MasterCard. Credit card deposits is the fastest because it only takes a few seconds for the funds to appear in your account.
The minimum opening balance you are required to have in your account is $300. The minimum redeposit is also $300, which means that you must deposit at least $300 or more in your subsequent deposits after making the first deposit. Withdrawals are generally processed within 3 – 5 days and you can expect the funds to arrive in your account in 5 – 10 days. You have to pay a service charge of $25 if you withdraw via bank wire.
MaxOptions offers customer support via web contact form, telephone and live chat. The telephone customer support is available for customers in Singapore, Australia, Canada, UK and New Zealand. If you any issue, you can also contact an account manager and discuss it with him. MaxOptions has a detailed FAQ section where you can find answers to questions that traders ask most frequently.
Is MaxOptions secure?
In conclusion, MaxOptions has done what it can to convince traders that it is a safe broker to trade with. For example, they made the effort to getting a license and providing a secure trading platform for all devices. MaxOptions is recommended for new traders because of the large range of educational resources.