Top Option Review
- Platform Overview
- Trade Types
- Trading Tools
- Payouts and Return on Loss
- Security and Reliability
- Assets Available
- Account Types and Bonuses Offered
- Final Verdict
Top Option was the first EU regulated binary options broker and has established itself as one of the top rated brokers when it comes to transparency and client fund security. The platform is powered by Markets.com, who in its own right has established themselves as a market leader only in the Forex market. The know how and operational experience from this company has had a positive influx on Top Option as a broker.
Top Options is aiming for the European, Asian markets with some activity also in Australian and Africa, they are not allowed to work with American customers.
The brand was launched in 2011 and will continue to be one of the premium binary options brokers in the industry.
Top Option offers a proprietary platform that was built specially for them with the trading experience for their clients as their guideline. By looking at the spot-option platform and taking what is working there and then adding their own features and requirements to their system they have created and build a solid platform that is able to cater to traders from all levels. Their platform as a social trend aspect which shows under the name “ traders choice “what percentage of traders on the platform have chosen CALL or PUT for that exact trade and thus give you an indication of the current trend.
They offer different types of trading
- 60 Seconds,
- Option Builder
- Pro Option
Pro Option is unique to the Top Option platform. They state that with this option type you are able to be flexible and have some measure of control during your trade to maximize your wins and minimize your losses, you have additional features available in mid-trade such as extending the expiry time, doubling your investment amount or closing the trade before expiry time. My advice use this with care as each feature will also instantly reduce the profit margin and make the trade more expensive, still if used properly I assume there might be some benefits to it.
The main reason as to why I do like this feature somewhat is the possibility to put 2 assets other than currencies against each other. For example Coca-Cola against Facebook and predict which stock will perform better.
TopOption provides its users a wide range of tools and features to enhance their trading experience.
- Rollover: Extend your trade’s expiry time.
- Trader’s Choice: See the percentage of other traders that have selected CALL or PUT on a particular asset.
- Sell Option: Minimize risks and sell the option in mid-trade for a buy-out.
- Double UP: Double your investment in mid-trade.
- Stock Pair: Setup 2 assets to compete against each other, and predict which asset will perform better.
- History Graph: Analyze the history of an asset including its movement over the past week.
Payouts and Return on Loss
TopOption offers payouts that range between 75 to 85% for their standard high/low trades. Traders are able to get a higher payout on higher risk trade for example the One-Touch trade type. More important is that TopOption also offers a refund rate on losing trades of up to 20% of your investment which is for traders that are very active a huge thing.
TopOption is relatively fast when it comes to withdrawals with up to 4 business days with a bank wire and 24 to 48 hours credit card withdrawal. The minimum withdrawal amount required to execute the request is $100. The trader has 1 free withdrawal per every month and any additional withdrawal during the calendar month is at $25 or Euro processing fee.
Security and Reliability
TopOption is fully EU licensed and regulated by the CySEC. They aim to be fully transparent with the funds of their client by publicly disclosing the allocation of all deposited funds. In short I do not thing many brokers are as secure as Top Options and for those where this is of crucial importance, this is your brokerage.
TopOption offers an amazing 180 different assets in the 4 major asset classes including stocks, commodities, currencies, and indices.
Account Types and Bonuses Offered
On opening a new account with TopOption a trader has three account options.
Starter – $100 minimum deposit and $250 welcome bonus.
Pro – $1,000 minimum deposit and $500 welcome bonus.
VIP – $5,000 minimum deposit and $2,500 welcome bonus.
Top Options is for all the right reasons one of the most prolific binary currency trading brokers in the world, they have somewhat the perfect formula.
They offer a good platform, nice selection of assets, secure funds and have the experience and reputation to let their traders concentrate on their trading and making the experience worthwile.
This is a good solid broker to trade with
|Regulated||Fully CySEC EU Regulated|
|Mobile Specific Trading||Yes, Android & iPhone App|
|Languages||English, Italian, Spanish, German, Russian, French, Dutch, Arabic, Polish, Japanese, Swedish, Multi-lingual|
|Option Types||CALL/PUT, One Touch, 60seconds, High Low|
|Option Expiry Times||60sec, 2min, 15min, 30min, 1hr, 24h up to 150 days|
|Underlying Assets||Stocks, Commodities, Currency Pairs, World Indices, Stock Pairs|
|In the Money Returns||85%|
|Out of the Money Returns||From 0-25% depending on option|
|Deposit Methods||Bank Wire Transfer , Credit Card , Moneybookers , Neteller , PayPal , Webmoney|
|Withdrawal||Bank Wire Transfer , Credit Card , Moneybookers , Neteller , PayPal , Webmoney|
|Documentation Needed for Withdrawal||Photo ID and proof of address. ie. utility bill|
|Support||Live Chat, Email, Phone ( Numbers in 21 different countries)|
|Support Languages||English , Italian , Spanish , German , Russian , French , Dutch , Arabic , Polish , Japanese , Swedish , Multi-lingual|
|Platform Features||Early closure|
|Up to 25% out of money returns|
|One Touch Trading|
|Free Tools||Streaming News Feed|
50% bonus for deposits till $200
100% Bonus for deposits of $500 and up.
The bonus amount will not exceed $/€/£ 5,000
See here the full terms https://topoption.com/legal-and-privacy/cash-bonus-terms.html
Here’s what you additionally get as a Top Option trader:
- New line of 5 exclusive e-books
- Personal 1-on-1 training
- Packed video library of tutorials
- Online Economic calendar
- The latest breaking business news
- Exclusive market analysis
- Dedicated support
- Ongoing giveaways – Get bonuses just for trading!
|Starter Account||PRO Account||VIP account|
|Fees & Commissions||$0||$0||$0||Fees & Commissions|
|Minimum deposit||$100||$1,000||$5,000||Minimum deposit|
|Account Manager||Yes||Professional||Specialist||Account Manager|
|Web/Mobile platforms||Yes||Yes||Yes||Web/Mobile platforms|
|Risk management Tools||Yes||Yes||Yes||Risk management Tools|
|Exclusive E-Book Series||Starter Guide||Starter & *Advanced Guides||Starter & *Advanced Guides||Exclusive E-Book Series|
|1-on-1 Training||Introduction||3 hours||Unlimited||1-on-1 Training|
|E-Video Library||Yes||Yes||Yes||E-Video Library|
|Newsroom Research, Alerts & Updates||Yes||Yes||Yes||Newsroom Research, Alerts & Updates|
|Off Trading Hours Assistance||Yes||Off Trading Hours Assistance|
|Trading Central Report||Yes||Trading Central Report|
|Investor compensation fund||Yes||Yes||Yes||Investor compensation fund|