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.
Basic account
- $500-$1000 minimum deposit
- 30% bonus
- 1 risk-free trade
Senior broker
- 2 live trading sessions
- Daily market reviews
- Web tour and introduction to the website
- Educational material
Standard account
- $1000-$5000 minimum deposit
- 50
% bonus - 5 risk-free trades
- 5 live trading sessions
- Expedited withdrawals
- Benefits of Basic account
Premium account
- $5000-%15,000 minimum deposit
- 70% bonus
- 7 risk-free trades
- 10 live trading sessions
- Alerts via email and text messages
- Advanced strategies
- Benefits of Standard account
Investor account
- $15,000-$50,000 minimum deposit
- 85% bonus
- 10 risk-free trades
- Unlimited live trading sessions
- Risk management
- Benefits of Premium account
Pro Investor account
- Over $50,000 minimum deposit
- 100% bonus
- 20 risk-free trades
- Same day withdrawals
- Benefits of Investor account
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.