Option888 is a binary options broker run by a company called Altar Entertainment N.V. Altar Entertainment N.B. is licensed and regulated in two countries including Curacao and Malta. Besides these two countries, they also have office branches in Germany and Sweden.
New accounts support different types of currencies including USD, Euro, GBP pound, and Swedish Krona.
There is a small selection of countries that Option888 does not accept including Pakistan, Somalia, Cyprus, Nigeria, USA and Israel. It is currently offering a 100% welcome bonus if you deposit $888 into your account. To claim this deposit, you must first register for an account and the bonus will be credited into your account following the successful deposit.
Types of Trading Accounts
Option888 offers 4 types of trading accounts including Bronze, Silver, Gold and Platinum. The basic account will give you access to 1 training session. If you have silver or higher account level, you can get access to a private broker and ask him any question on binary trading at anytime.
Option888 offers the Tradologic platform, which includes all the features in the SpotOption platform. The early close feature allows you to close the trade early to reduce the losses. You can use the extend feature to delay the time frame if the circumstance seems unfavorable to you.
It supports a mobile platform which is a mobile app you can download after you sign up for an account. The mobile app will display the platform with the chart in the front page, just like the standard platform. You can place your trade and monitor the price all from the mobile platform. The Option888’s platform support the social trading feature which enables you to follow the strategies of other traders.
The expiry time frame range from 1 minute to several weeks or beyond. The maximum profit you can earn is 89% but the average payout is 75% – 80%. Options such as range and one touch are riskier than the standard call/put options but they offer a profit of up to 500%.
Option888 offers more than 200 assets with the majority of the assets being stocks. It offers 20 types of commodities, which is a bigger range compared to other brokers. The indices include some of the major companies around the world including Nasdaq, and Dow Ja Dax. The minimum investment is $10 while the maximum investment is $10,000.
Option888 provides a large collection of guides, courses and video tutorials for newbie traders. Option888 offers a free tutorial on how to make use of the social trading feature on the platform. There is an in depth course that provide explanations on the different aspects of binary trading.
There is also a guide on 9 different strategies that you can use to improve winning chances in your trading. It has a library with a collection of 15 HD videos and also books on how to world economy can have impact on binary trading.
The standard binary book provides tips on how to cope with your emotions and trade like a professional while the advanced binary e-book is a 3D flipping interactive book. There are also e-books on commodities, futures, CFDs, and stocks.
Option888 accepts several types of deposit/withdrawal methods including credit cards, Skrill, Sofort, paysafecard, Trustly, and iDEAL. It accepts 4 types of credit cards including MasterCard, Visa, Maestro and American Express.
The accepted minimum deposit is $250 and the minimum withdrawal amount is $25. Option888 does not charge any fees when you deposit or withdraw funds from your account.
Option888 provides telephone support for 8 countries. You can also contact the customer support via live chat, Skype as well as email web contact form. The quickest way to get a response from the customer support department is to use a live chat.
If it is not an urgent issue, you can contact them through email support. The website only support 3 languages including UK, Dutch and Svenska. Option888’s customer support representatives are friendly, and respond to all the queries with a high level of expertise.
Option888 Review Conclusion
In conclusion, Option888 is a reliable company that is regulated and holds the appropriate license to conduct binary trading services. They have submitted their applications for obtaining the licenses from the Jersey and UK.