Option500 is a binary option broker domiciled in London, U.K. offering traders the opportunity to trade currencies, stocks, commodities, indices and pairs. Option500 has offices in several locations and offers customer service 24/7. It opened its doors in 2012 and has already received several awards for outstanding service.
There is one standard account at Option500 and only $250 is needed as an initial deposit. This entitles the trader to enter the trading platform where the selection of different binary options is offered.
Anyone making a deposit of $5K or more can upgrade his account and have full access to the broker’s Pro System. Upgrading opens up a trading platform with additional benefits which include complete access to all the materials in the Option500’s Academy; a live overview on trades made by peers and top traders of their Social Trading community; extensive details about every trading option; and total responsiveness on any device be it desktop, mobile and tablet without any changes in the platform appearance and functionalities.
Payouts can reach up to 85% on successful trades (options that expired in-the-money), and anywhere from 0% to 15% rebates for unsuccessful trades (options that expired out-of-the-money). Of course, when trading on more risky assets, the payout can be much higher.
Expiry times are pre-determined and vary between 60 seconds to a month. Forex operates 24 hours a day from Sunday5:00pm EST to Friday 4:00pm EST.
Option500 offers a social trading platform and a listing of up-to-date traders is posted on the home page of the website which is available in English, German, Arabic and Italian.
News from around the world, especially from London, directly influences Binary Options trading, so Option500 opened their own newsroom in their London office so it could handle immediate news releases. Financial experts follow the world’s news and update all members with instant information so they can use it to take advantage of trading opportunities.
There is an opportunity for traders to become VIP members at Option500 by sending in a video showing strategies used and telling stories about trading on the Option500 Mobile platform. No additional information about this opportunity was offered.
Option500 offers a host of informative videos on binary options and other trading concepts. There are also guidance tutorials on how to trade with Option500 using the various different binaries.
As mentioned earlier, Option500 utilizes a highly advanced trading platform for their traders to access the markets with. The platform is supplied by one of the leading binary option trading solution provider called Tradesmarter. The platform is fully equipped with various trading features which are not found on many other platforms that are found in the industry. For example, traders can alter the way the assets and charts are displayed using the “View Selector”. In addition, traders can also customize their dashboard to pin their favorite assets on the trading screen. The payouts of the option can also be adjusted using the “Risk O Meter” to suit the individual risk appetite. The trading platform also supports social trading by enabling one to see another trader’s position on the trading chart.
Perhaps the most unique feature of the Tradesmarter powered platform is the StrategiX trading mode. With StrategiX, traders can better visualize and control over the trading strategies used. It combines state of the art pricing algorithm together with user friendly interface for unparalleled control over one’s trading activities.
Option500 offers 3 main types of trading modes for their traders to choose from namely High/Low, 60 Seconds and StrategiX. The High/Low option contracts are the simplest and most popular choice of options traded since it basically just required one to determine if prices is going to end up high or lower by the expiration time. As for 60 seconds options, these are options with expiry times ranging from 60 seconds to 5 minutes. They are ideal for traders who want to have a quick turnover with their investments. As for StrategiX, it features an innovative 4 in 1 panel which enables traders to make their trading decisions more efficiently in a shorter amount of time. It also allows traders to select the strike prices which they want through a slider located at the top of the panel.
Option500 has only one type of standard trading account. The account opening is extremely flexible since there is no stated minimum deposit requirement. Nevertheless, for traders who deposited $5000 or more, they can choose to upgrade their account to access the Option500 Pro System which will grant them access to more sophisticated trading features such as full access to the trading academy.
In terms of payouts, the payout ratio is quite reasonable with the maximum possible return topping of at 85%. To shelter your trade, selling a position while it is out of the money will be a stop-loss action of sorts with a “sell back” feature. Doing so will protect your investment amount on a trade that is not going the way you hoped.
The assets covered by Option500 include 15 forex pairs, 7 types of commodities, 16 stocks and 13 market indices.
As a broker who cares about serving their clients properly, Option500 has made their support services available on a 24/7 basis. Traders can get in touch with customer support using either email, live chat, web contact form or the telephone.
The platform is fully equipped with various trading features which are not found on many other platforms that are found in the industry. For example, traders can alter the way the assets and charts are displayed using the “View Selector”. In addition, traders can also customize their dashboard to pin their favorite assets on the trading screen.
At Option500 traders enjoy profitability with one of the highest payouts ratio in the industry where they can trade forex, indices and commodities with simplicity of binary options.
With high quality services and dedicated customer support, traders can be assured that they will have a fulfilling trading experience with at all times.
In Option500 we believe a reliable broker with good support and service will get the results you are expecting.