Magnum Options Binary Options Broker Review
EASY OF INTERFACE7/10
THE NUMBER OF TRADERS6/10
THE NUMBER OF ASSETS8/10
SUPPORT (CUSTOMER SERVICE)8/10
PAYOUT OF MAXIMUM PERCENTAGE6/10
- High deposit bonuses
- High Payout Ratios
- User Friendly and Reliable Trading Platform
- Numerous tradable assets
- Choices of different types of trading accounts
- Good coverage of Market Review
- Highly flexible investment amounts
- Secured with SSL Technology
- Rebates of Out-of-the-Money trades
- USER'S RATING:
- Based in a relatively unknown regulatory environment
- Most services only offered in English
- No traders from USA
Before making decision you need to research about some Magnum Options Binary Options Brokers Reviews. In this post we will provide you some feature of this broker including: Magnum Options trading reviews, Magnum Options Customer reviews, Magnum Options trading platform reviews with many necessary information.
Since its launch in 2013 Magnum Options has experienced rapid growth and it becomes one of the best binary options brokers in the industry. Magnum Options will impress you by the degree to which it went to put its customer’s interests at a premium. They are one of the only binary options brokers to offer not only a 10% return on trades which expire out of the money, but also a completely free account. Traders get maximum value for their investment and never left empty handed. They offer payout rates of up to 81% and professional customer service to deal with all requests and queries. Magnum Options offers 100% bonus for deposit from $1000 to more. These are overall looks about Magnum.
Basic Information of Magnum Options:
- Online since: 2013
- Jurisdiction: Gibraltar
- Software: SpotOptions
- Max Returns: 81%
- Bonus: 100%
- Minimum Deposit: $200
- Minimum Investment: $10
- Maximum Investment: $10,000
- Currencies: USD, EUR, GBP, AUD;CAD
- Mobile: Coming soon
- Countries: All nations excl. USA
Pros and cons of Magnum Option
Review the broker about some main features:
Deposit bonus: With each deposit amount Magnum Options provides a starting bonus ranging from 10% to 100%. The maximum bonus will be $10,000 and of course the larger the deposit amount is the higher is the bonus percentage will be. Additionally there is a refer-a-friend bonus of 50 dollars for each friend that you invite to open an account. Magnum Options offers variety of promotions as well as various account level bonuses.
Payout: Magnum options offers traders the payout of up to 81%. The percentage payout on trades ranges around 77% but some trade can go as high as few hundred percentage. Traders will get 10% rebate which expire out of.
Deposit and withdrawal options: With Magnum Options depositing funds and withdrawing profits is simple and easy with many options available for ease of use. Traders are supported a wide range of brands of Credit Card from the well=known favorite such as Mastercard, Visa, Diners Club and Amex. You can deposit funds into your account quickly in dollars, yen and sterling. The minimum withdrawal amount is 100 dollars with a credit card and the maximum is 20,000 dollars. It can takes up to 3 business days to process and every single month traders receive a free withdrawal and then it cost 30 dollars for each next withdrawal that month
Type of accounts: Depending on the deposit invested Magnum Options offers 4 types of accounts and each account varies in the bonus amount rewarded and the features that they offer.
The Mini Account: You need to deposit an initial amount $500 to start Mini Account and you will get 20% bonus, a copy of Magnum Options comprehensive ebook and free market reviews. Before upgrading greater trading options this account suits for newbie.
The Standard package has all the feature provided in the Mini Account with a bonus 30% on their investment.
The Executive Account: With Executive Account traders will get all the perks of a Standard Account, a personal account, in addition to expedited withdrawals, money management training and academy membership.
The Gold Account: With this Account, traders will gain full VIP academy membership, same-day withdrawals, elite educational resources, 5 risk-free trades, a dedicated account manager, 3 trading strategies, professional trading analysis.
The Platinum Account: This is the most exclusive package available and offers traders with 100% bonus. Trader will get direct contact with a personal senior account manager via Skype, email and phone with unlimited trading strategies. Of course there are many benefits such as trading signals, same-day withdrawals, access to daily trading group.
Minimum deposit: You need deposit a minimum amount of $200 and among others brokers, this amount is average lower than. You can deposit funds into your account quickly in dollars, yen or sterling.
Trading tools: Traders of Magnum Options are well equipped to trade profitably. They offer traders a series of informative trading resources, comprehensive binary options academy that include basic level to advanced level strategies. Additionally, they have daily and weekly market reviews, trading videos, webinars for traders can make good use of. One of the most important trading tool is Option Builder. This is a very sophisticate trading tool. In addition, there is the open Platform where customer can get useful and necessary trading charts.
Customer Service: Magnum Options provides free international phone number and live chat that serves in real time on the site. Traders can contact via email and contact form. They reply fast and friendly with issues and without delay. Their customer service is professional and they really want to help customer with their best ability.
Multiple Asset Investing: They have a long list of tradable assets to trade. There are over 100 different stocks, 8 commodities, 30 currencies, 15 pairs and 50 indices.
Currency pairs such as USD, JPY, EUR, CAD, AUD,GBP and more. Traders are possibility to trade with Bitcoin crypto currency.
Indices include the most important stock market with the most liquid indices.
Commodities: They offers 8 commodities to trade including corn, Coffee, gold, oil, platinum, sliver, sugar and wheat.
Pair options covers some pairs which success is compared against each other such as: Apple vs Google, Apple vs Amazon, gold vs EUR…
Expiry Time Info: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
Payout of Maximum Percentage: Magnum Options offers payout from 70% to 81%. With an unbelievable bonus and many benefits for traders.
Multiple Languages: Their trading platform offers languages in only English. This is one of the disadvantages of Magnum options
Magnum Options App: Traders can access to your account with mobile version and make trade from anywhere at any time. Magnum Options Application is accessible through Google Play, App Store.
Best strategy to trade with Magnum binary options broker
The foremost and first Magnum Options strategy is the Knock-On Effect Strategy. In binary options trading this is one of the most crucial strategies and each traders should know and develop it at the earliest. This strategy is flexible and extremely versatile. You will get variety of options for all of assets, you can alter it according to your goals and your needs. This strategy attract newbie as well as experienced traders.
The other Magnum Options strategy is Hedging Strategy. It requires an investor that use opposite directions on simultaneously trade. This strategy is very easy understand. Traders will be required to use both the call and put options at the same time. And it will automatic increase the chance of earning profit and decrease the chance of losing. Hedging will yield good results if it is used appropriately and understood well. This strategy will help you gain good profits.
As this Magnum Options Binary Options Broker Reviews comes to an end. According to us, Magnum options has comprehensive range of assets and everything related to trading is straight forward and exceptionally clear. They offers many educational materials for new traders as well as experienced traders. Their customer service replies fast with all issues. This is really a good binary options broker.
Hope with this Magnum Options Binary Options Broker Review post will help you really understand about this broker, should find other brokers that maybe suitable for your choice here.
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