Amber Options is closed.
Bonuses are awarded to new and old customers upon the registration ad the first deposit. Personal account managers will talk to customer about the rewards for membership. These kind of loyalty programs are always a great idea to improve the chances of newcomers, but also across all traders since they increase leverage to do trades effectively enabling more trades per customer.
For newcomers that means more practice and for advanced users that means even more profit opportunities. The company follows by CySEC regulated fair practice of requiring the amount for bonus turnover to be the awarded bonus and not all deposited funds, so the 30 time turnover withdrawal requirement is actually very low and client friendly.
Amber Options also offers excellent weekly and daily market reviews. Users can read a very straightforward review without much going around. In the text one sees exactly pairs and assets that performed well and there are indication where the selected prices might move. This is almost as a free signals service while getting updated about the market news!
Amber Options also offers signals service by another provider. Signals are a good option for everyone who wants to improve their results but don’t have much time for extended technical analysis of multiple assets and positions. With Amber Options users can choose a good provider that allows instant replications of signals into trades on Amber Options platform.
The trading Academy is an interactive video based world that springs from the website after clicking the small ad on the sidebar to the right. Basics of binary trading offer videos on operational steps to trading, explains all the most important terms, assets and products. The analysis submenu lists videos to learn more about graphs, news, indicators, trends. The “Pro” menu leads to a set of videos helping to overcome personal cognitive biases that destroy trading chances. There is also a mall interactive test at the end of each sector to see how much one has learnt.
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Trading software of Amber Options is run from the browser as are most of binary options platforms. Even though Amber Options’ trading interface is a plugin window, we were thrilled by various possibilities it offers when it comes to advanced financial analysis and trading techniques. The platform is really easy to use. Interface is not cluttered — it is clean and all the functions are clearly visible and available on just one click.
There are several products offered to trade, apart from the traditional high/low, and meanwhile, standard short term options. One touch options are good for huge returns and are present as well as is option builder, that is excellent for risk management purposes. The open platform is an extended technical analysis tool that allows for excellent trends/averages graph analysis in a bigger window. This way users can see if the price is less or more likely move according to the prediction even before the trade is made.
Option builder is an excellent product that allows users to create their own financial products based on underlying assets of their preference. Clients can do better risk management this way as they choose their preferred asset, enter the amount to invest, and the most interesting, set own risk/reward ration if one thinks the trade is more or less risky.
OneTouch options are widely known as they can radically increase payouts. These options are not pure put/call options in term of the price moves, but a system where upper or lower price limits are set and they end at the time the price touches the predicted bound set by the user. These are much more risky since they require a fine reading of price point probabilities in the future. The payouts here can reach up to 500% on one trade! These trades are purchased on the weekend and trading begins on monday.
Asset list is fairly rich, mostly tilted toward individual stocks where on can choose between 21 global companies to invest in. There are 14 currency pairs and 6 commodities. Users who think they want to benefit from whole market trends finding individual stock trading hard can always benefit from global growth by investing into some of 20 global indices. The platform also offers pairs for relative performance trading which is excellent for sector specialists and those confident about their preferred asset.
Additional risk management tools are the double up and rollover which extend the reach of flexibility when it comes to risk management post making the trade. This means users can either divest from or even invest more in the same asset position if they see it performing in their (un)desired direction before the expiry deadline.
For traders convenience, the platform also offers excellent traders choice indicator that helps to gauge where the market is swaying. Expired rates can be seen in a separate part of the website. The price quotes are high quality, low latency, realtime Reuters provided streams adjusted by using a special Amber Options algorithm that shows them in a format more suited for binary options trading.
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Amber Options support is global and easily reachable via the standard channels. Users can fill in the web form on the page, talk to a representative, phone the help desk and start chatting via live chat that is integrated on the website. Information is also provided in the FAQs section of the webpage. While we do like the fact that it is very informative, one should set some boundaries. If there is too much text, users aren’t really getting what they were expecting when clicking FAQs. It should be a fast way to get to relevant facts, but in the end, it is much better than poorly done FAQ.
Phone contacts are available for Spain, Cyprus, United Kingdom, South Africa, Australia and Canada, so all continents are served. Response in most cases was average but the information was on the spot helping us with what we really wanted. We found the help desk to be extremely helpful.
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Users can register for free, but in order to trade, one must deposit fund on the trading accounts. The level of security at Amber Options is excellent since all trading funds are held at segregated accounts where funds are used exclusively by the account holder for binary options investing.
There are multiple ways to deposit funds and they cover all three major payment systems : credit cards, bank accounts (wire transfer) and e-wallets. Amber Options accepts Visa, MasterCard, American Express, Diners and CashU transfers.
Minimum deposit is $100. Funds can be deposited in Euro or USD, and users must choose one of two currencies at the registration. Changing selected currency is not possible thereafter. Minimum transfer with bank wire is $500 and users must pay a $25 processing fee. This is also the slowest method, so other options are advised unless customer wants to transfer big, enterprise grade, sums. Minimum with CashU payment system is $200.
Withdrawals are simple and same options can be used. Bank wire is usually not optional when withdrawing profits, due to AMLs. It can take up to 3 business days to process the request, which is in line with the industry standard. There is no fee to withdraw via credit card, however any withdraw using bank transfer will accompany a processing fee of $25, which is somewhat lower than the standard. All funds deposited via credit card can be withdrawn to the same card only. Prepare documents to verify you credit card/account. Minimum withdrawal is $100.
Broker is owned by the Old Square Holdings Ltd and registered in Gibraltar, EU.
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