This broker is closed. Try trading with HighLow instead.
AskOption is a broker established by a group of market analysts and trading professionals who decided to provide unique trading experience to others as well. They claim to be open to all traders, no matter the country or level of knowledge.
In AskOption review, traders will find out more about this broker that provides many assets and binary options types.
AskOption created a set of five different accounts starting from $500. They are created with different traders in mind, but as the initial deposit for a Basic account is fairly high ($500, which is twice the usual), it can be considered that this broker is a bit more oriented towards experienced traders.
As it can be seen, this broker offers generous bonuses, but also has some terms and conditions attached to every promotion. Sometimes, the promotion has special T&C, but if not, the Bonus policy from general T&C applies.
Traders must achieve x30 turnover in order to make a withdrawal. The exception is refunded bonus, that has required turnover of x20. The count of trading volume begins the moment the bonus is awarded to the account.
It is important to know that cancelled trades are not included in the trading volume, as well as the options generated by Option Builder with Risk Management level of 55%/30%.
In AskOption review was found out that this broker does not provide a demo account, which is bad, as high deposit levels will prevent many beginners and traders with less experience from depositing.
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AskOption chose Panda TS platform, that has recently become increasingly popular among brokers. The trading interface is easy to use and well designed. The overview of the platform is also available on the website, and can definitely help traders to get introduced with the interface. Traders can also copy trades by the most successful traders or create their own by using the Option Builder.
All important content on the website is divided into tabs on the top of the page. Blue, black and white combination of colors is pleasant to the eye and there aren’t any distracting elements. Unfortunately, this broker does not provide a mobile trading platform. For the sake of traders, we hope that this great service will be added in the future.
Options available with AskOption are high/low, one touch, range and turbo (or hyper, as they call them). AskOption review showed that there are many interesting assets provided for trading: indices, stocks, commodities and currencies.
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During AskOption review was found out how this broker provides a website in English and Arabic Language. Additional languages would be great, but this is also a good place to start.
Customer Support is very important for overall good experience, so it is important to note how this broker has customer support via live chat, email, online form, and phone. Phone numbers are available for the USA (East and West Coast), UK, Canada, Australia and Bahrain.
In a case of any inquiries, traders should first check the FAQ section that answers many questions regarding banking, trading, accounts etc. This section is a good place to start researching, before contacting the customer support. Also, there is education section that is available only to registered traders.
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AskOption broker is in the ownership of PeakMedia Group LTD, Suite 50, 2 Old Brompton Road, London.
AskOption review showed how this broker supports credit cards and bank wire as preferred methods for depositing and withdrawing. Traders can use one of the following currencies for transactions: USD, GBP, and EUR, with AUD and CAD announced to come soon.
Minimum deposit is $250 (or the same number of units in other currency), but minimum initial deposit for account opening is $250. Maximum deposit is $20,000 for credit card users, and unlimited for bank wire.
The minimum withdrawal for credit cards is $30 (or the same amount of units in other currency), while withdrawal for bank wire is 100 units. The withdrawals are usually processed within 5 working days. Maximum withdrawal via credit card is 20,000 units, while bank wire withdrawals have no such limitations. The maximum withdrawal to the credit card mustn’t be bigger that the amount invested. All remaining funds will be transferred via wire transfer.
Every first withdrawal in month is free, while additional withdrawals and all bank wire withdrawals are charged with $30 fee.
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