GOptions is among the leading binary brokers featuring the latest SpotOption 2.0 platform. This broker has quite a wide range of trading features that a trader can choose from such as One Touch, Long Term, Pair Options and Ladder Options to name but a few.
Deposits are processed in just a few minutes and once the process is done, a trader can go ahead and trade.GOptions is also known to be one of the first binary brokers to provide the binary/forex trading platform.
However, it has to be said that GOptions has not really become popular in the circles of binary trading in spite of the fact that they have been around for a number of years having been founded in 2009. That is certainly a drawback as far this broker is concerned. But, at the same time, it should be noted that GOptions’ features are worth any trader’s consideration, particularly if a trader has some really good money to invest.
GOptions is owned by Go Marketing International Ltd and is based in the United Kingdom.
GOptions review – is GOptions legit?
Contrary to the rumours that people have been spreading, GOptions is very legit. It is transparent, honest and upholds great morals in its transactions, ever since its inception. However, it must also be put clear that GOptions is not a regulated broker, a fact that has given rise to the rumours that it is a scam. The fact that it is located in London which is a highly regulated region should help traders have a peace of mind. GOptions has a mailing address and offices in London where you can visit them for a business deal and to clear any of your doubts.
GOptions’ minimum withdrawal limit is quite high, something which has raised concerns from many people. However, this is attributed to the reality that this broker targets traders with huge sums of money.
GOptions review – deposit details
GOptions is among the few brokers who accept Skrill, PayPal and CashU. Other deposit methods include Debit/Credit cards, Visa cards, Mastercard, Diners and Solo. You can also use wire transfer to make your deposits, a process which will attract a fee of $25 per transaction.
GOptions allows traders to deposit their money in the following currencies only: Euros, British pounds and US dollars. The minimum amount that you can deposit is $100 or an equivalent if it
The minimum amount that you can withdraw is $100 or its equivalent. GOptions has also become almost synonymous with instant withdrawals. The instant withdrawal process has however drawn a fair share of criticism from people who say it is not working.
But the fact that the minimum deposit is $100 for a new account is really great since it encourages many traders to join. In the event that you lose a trade, you will be required to win back the money you lost in your subsequent trades before you are allowed to make any withdrawals. That is one of the reasons why you are advised to trade small amounts with this broker first.
GOptions review – bonus details
GOptions offers some of the most attractive bonuses in binary trading today. The more you deposit when opening an account, the higher the bonus that you stand to win. Below are the various types of bonuses and the payouts that they offer:
- Average out of money bonus: 10% and below. This is calculated per losing month
- High/low options builder 60 seconds one touch
- The highest payout per trade is 85%.
GOptions review – trading features
- GOptions uses SpotOption trading platform
- There are plenty of educational resources at GOptions’ site such as a blog about binary options trading, glossary, videos, FAQ as well as trading charts.
- There is roll over in the event that you want to stay in a trade past its expiry time
- Large accounts attract more benefits such as a personalised account management service and weekly training on the most vital trading strategies and technical analysis.
- It is a great platform for traders who want to handle large sums of money
- The amount you deposit is equivalent to what you can withdraw therefore you can increase your limit by depositing more
- Attractive bonuses for new traders
- Rollover benefits are available
- Educational materials available for new traders
- The broker is not regulated
- Their main target is traders with huge sums of money
- A lot of negative notions from traders and reviewers
GOptions is a good broker especially to those traders who want to trade large amounts of money. The amount you deposit when starting is the same amount you will be allowed to withdraw, hence discouraging traders from starting very low.