The bonus at EmpireOption is pretty average, around 30% for any deposit. EmpireOption offers additional incentives from time to time but when doing this review, they weren’t running any. Thorough use of high-tech technologies and encryption protocols, funds and information are secured and guaranteed.
Trading Platform and Features
One Touch allows a trader to seize every opportunity in order to make amazing profits –between 350% and 500%. I deposited $150 and was told that I would be able to withdraw within 2 weeks, provided that I paid the trader’s 15% commission. After a few days the trader told me that the money was missing and that the cashier somehow could not find the money. She then just2trade review asked that I pay it again and promised me that this time, things were going to work out properly.
- The more popular Classic Account lifts the maximum to $2000 dollars, with one free withdrawal per month, a reduced fee of 25 USD/EUR per withdrawal thereafter and a waiting time of 7 working days.
- EmpireOption isnt regulated, but this shouldnt come as a surprise since only a few binary option brokers are regulated.
- People who write reviews have ownership to edit or delete them at any time, and they’ll be displayed as long as an account is active.
- For Micro accounts, the minimum withdrawal is $200 and takes 10 working days.
- She now tells me that the Luno account is blocked and that the company is having difficulty withdrawing the money.
Overall, EmpireOption comes across as a solid binary options broker. Everything in this broker is made to suit beginners, and especially new traders who don’t feel confident enough to make their first trades. The team of economists and financial analysts at Empire Option can help such traders by providing them with free trading signals and long term market insights.
Trading forex, stocks and commodities on margin carries a high level of risk and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience and risk appetite. The platform provides research tools like economic calendar, daily market reviews, trading guides and more. The diversity of languages available by their customer service representatives has ensured this platform is compatible for users worldwide (with the exception of the Asian market). Trades can be made instantly in 30, 60 or 120 seconds, allowing you to seize the moment and profit from the volatility of the market.
The EmpireVIP is the broker’s most exclusive account and must be funded with at least $30,000. The Micro, with an initial investment of $200, provides weekly financial analysis and a basic instructional course. The Classic account requires a $500 investment and offers a daily financial analysis, the services of an account executive and an intermediate instructional course. The broker’s Training section is designed to provide a substantial library of resources for all level of traders.
They have developed different education tools, such as videos, online courses, tradebooks, web seminars and customized classes for traders on all levels of trading experience. They also provide a unique feature called IFollow in which traders can follow a successful trader’s trades by simply clicking on this button. They present some kinds of Binary Option such as One-Touch or short-term kinds. Some traders prefer to select short-term that may have considerable amount of profit.
At the smaller end of the scale, the Micro Account is a $100 – $500 withdrawal amount at a cost of 30 USD/EUR per time and an average wait of 10 working days. The more popular Classic Account lifts the maximum to $2000 dollars, with one free withdrawal per month, a reduced fee of 25 USD/EUR per withdrawal thereafter and a waiting time of 7 working days. As the accounts become more prestigious so too does the maximum withdrawal amount and in correlation, the waiting time and fees lower. Eventually at the Preferential Account sees a $1 minimum withdrawal, 3 days waiting time and a max fee of 10 USD/EUR per transaction.
EmpireOption Reviews
First of all, this broker accepts only three payment methods – credit/debit card, wire transfer and Moneybookers (Skrill). The minimum deposit is $100 and the amount of your investment will determine what type of membership youll get – Bronze, Silver, Gold or Platinum. As you might have noticed from our breakdown of the EmpireOption accounts, the withdrawal amounts and timescale vary. Clients trading with the platform can withdraw money by going to the ‘Cash Out’ section of the menu in their profile, here you can enter your request amount and await confirmation. From here approval, fees and waiting time is dependent on your account type.
This tool helps traders make profits both in the medium and long term. The presence of an economical calendar is another interesting feature of the platform, and one add-one that has bewildered some. Empire Option is owned by Hortense Holdings Limited and use SpotOption software platform.
Our Final Words on this Platform
They are regulated and authenticated to provide Binary Option platform and services. The deadline and minimum withdrawal amounts correlate and work against the deposit requirements for each account. The entry-level account requires a minimum deposit of $200 to open and the premium a deposit of $30,000 +. Our research indicates that the features, financial and support perks are varied, and most beneficial to those opening a Classic Account or higher. Long-term binary options are offered to those investors interested in pursuing solid and reliable trades as well as strategies that allow them to grow.
EmpireOption is a regulated and trusted binary options broker that offers a great trading experience. With the popular SpotOption platform, extensive asset index, advanced trading tools and multilingual support, EmpireOption is suitable for both beginner and experienced traders. The choice of multiple account types allows traders to pick one that matches their trade sizes and requirements.
Additionally, EmpireOption has other promotions throughout the year from which you can greatly benefit. These can be made by using the major debit and credit cards, such as AMEX, along with e-wallets Skrill, Payza and Neteller. Alternatively you can set up a bank transfer and deposit directly into your trading account. Financial signals are provided which indicate the best buy/sell opportunities and predict prices’ behavior.
Smartphones or Tablets can be used to invest with binary options with simple, safe and intuitive software. Also available for those with Plus, Preferential and EmpireVIP accounts is the Zulu Trade, one of the biggest social trading platforms available. With ZuluTrade, traders can follow and copy the best traders no matter what platform they are using. EmpireOption is a truly simple platform that offers great benefits for its clients.
As a trading platform for different types of traders and investors, EmpireOption offers a number of loyalty programs and trading levels for customized trading experience. With the availability of different trading levels, traders and customers can tap into their unique skills set and experience. Here’s a complete listing of the different trade levels that you can enjoy in lmfx review the platform, and the features that you can use. This broker uses one of the most popular trading platforms – SpotOption. Despite the many positives that can be said about EmpireOption, there is one major setback – this broker doesnt allow trading via a demo account unless you deposit more than $2,000. DailyForex.com adheres to strict guidelines to preserve editorial integrity to help you make decisions with confidence.
In total, EmpireOption is absolutely worth joining even for the market analysis and trade signals alone. A trader saves at least $600 a year by getting all this for free through EmpireOption, and not many brokers out there offer quality market analysis. As for the weekly promotions, they are only revealed to clients, but these must be equally interesting too. On the downside, it has a relatively high withdrawal fee and takes about 7 days to process the withdrawal. But remember that traders withdraw money after they have won money in the markets; hence even a $30 fee is negligible when one withdraws significant amounts. The withdrawal structure however is there to cover the company’s own fees, and to encourage fewer and larger transactions, as well as to eliminate bonus abuse tactics.