Binary options are prohibited in the European Economic Area. Between 74-89 % of retail investor accounts lose money when trading CFDs.
You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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CentralOption Broker Review

  1. This broker is under investigation. Please try HighLow instead!

    CentralOption is a binary options broker that claims to be the most popular broker on the market. This broker claims to be user-friendly, and safe while providing necessary tools and features at the same time. They also have 24/7 customer support ready to assist traders whenever they need.

    CentralOption broker review will give traders more information about this broker, so they can make a right decision, after taking all elements into consideration. Find out more about features, software, customer support and banking possibilities with CentralOption in the review below.

  2. As many other binary options broker, CentralOption has several accounts given to traders’ disposal. Traders can find the account that suits them best, but it is important to know that more expensive accounts usually have more benefits for the trader. A variety of accounts allows traders to make most of their money. CentralOption review noted that there are 4 accounts offered by this broker.

    Basic account – asks for at least $500 deposit. Traders get 5 risk-free trades, daily market reviews, access to the academy, personal account manager, basic trading signals up to 1 week and 5 risk-free trades.

    Gold account – has a higher price tag and is available if the trader deposits $2,501. Traders who do so, get 10 risk-free trades, two weeks of trading with signals, advanced guide to trading, personal account manager, and additional bonuses on every deposit.

    Platinum account – is on a pricier side with $10,000 deposit required. Besides all benefits that are available with a gold account, traders also get 20 risk-free trades, as well as the 2 months of platinum trading signals worth $599.

    VIP account – available only after at least $50,000 deposit. The features are not stated, and traders must talk to personal account manager before making this decision. The account manager can discover more about this account to traders who are interested in it.

    Traders can easily open an account by providing the necessary information in fields in the registration form.

    CentralOption review showed how this broker offers some generous bonuses, but bonus terms and conditions are a bit vague. The only thing explained in terms and conditions, regarding bonuses is that the required trading volume before withdrawing is x30, and it is impossible to withdraw money before reaching it.

    Risk-free trades, in most cases, also have some terms and conditions, but in this case, it was impossible to find out more about this important aspect of trading. This keeps traders in an unfavorable position which is something that shouldn’t be supported. Traders must know all terms and conditions before they sign up for a specific service or give their personal data such as address or phone number.

    This can be considered unprofessional practice as traders have to know all terms and conditions before even reconsidering giving private information or even depositing with someone. This can be seen as a warning sign, and we recommend traders not to accept any benefits like this.

    There is no demo account offered to traders.

  3. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs
  4. Testimonials FairForexBrokers Your capital is at risk

    Become an IQ Option trader today

    Join IQ Option and become a trading master! IQ Option is a world-famous regulated broker that takes your trading to the next level. It allows you to trade forex, crypto, stocks, options and much more on its award-winning platform. The best part? You can start trading with a minimum deposit of ONLY $10! Read our IQ Option review.

  5. As many other brokers, CentralOption is using SpotOption platform. The platform provides a good overview of the trading opportunities and market changes. SpotOption platform doesn’t require downloads as it is a desktop-operated platform that can be used from any internet browser and accessed from any computer. The website is easy to navigate, but sometimes lacks more detailed information about the product and all opportunities. This means that traders are highly depending on the customer support and their own knowledge on financial trading. Navigation system could use some improvements.

    Binary options types available on CentralOptin trading platform are high/low, pairs, long-term, 60 seconds, one touch, and ladder options. Traders can choose among several different expiry times and combine them for better trading results. There are commodities, currencies, indices and stocks offered with CentralOption binary broker.

    Traders who prefer trading in motion can easily download CentralOption trading app for iOS or Android devices. This is a very useful feature as traders are not tied up to their desktop computers and can simply place trades when they like. The modern approach towards technological innovations is of crucial importance for modern traders who are always looking for trading opportunities and don’t want to be limited with outdated technology.

  6. If you want to trade with an award-winning licensed broker, we recommended using IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  7. CentralOption review noticed how this broker has a website available in English, Spanish and French. Additional languages like German and Italian would be more than welcomed, as not all traders speak those languages.

    To our disappointment, CentralOption doesn’t have a live chat. This means that traders have to find answers by themselves or simply wait for a reply via phone call or email. Nowadays, most brokers are using live chat or Skype to answer simple request in the direct and convenient way. There is a live chat icon available, misleading traders to believe that they can talk to someone, but it isn’t working. No one ever replied to us.

    For reaching customer support, traders can use email, an online form or phone numbers for Netherlands, UK, Canada, Switzerland, Australia, and Sweden. Even though phone support is always welcomed, it cannot replace live chat, especially as there is no written trace in phone calls, and many traders don’t have time to wait for the agent to reply.

    Traders who want to know more about trading and have some general inquiries can easily check out FAQ that is delivering concise answers to some general questions. There is also a glossary that could use some improvements and daily market reviews that were not functioning during the writing of this review. Additional educational materials would be more than welcomed in this case.

    As education has become one of the most important elements of binary options trading, and only traders who take knowledge seriously can profit.  CentralOption review showed that traders are with this broker left on their own and have to find alternative learning resources.

  8. Try trading with an award-winning broker like IQ Option

    Between 74-89 % of retail investor accounts lose money when trading CFDs

  9. CentralOption review noticed how this broker listed several interesting banking methods on the website: American Express, wire transfer, Diners Club, Neteller, Maestro, MasterCard, and Visa. After registering with them in CentralOption review, all the mentioned methods were offered as a deposit method.

    Credit card withdrawals have no fees attached, but bank wire withdrawals are charged $25. There is no minimum withdrawal, but credit card banking can be used only for amounts over $100. Minimum deposit is $100, but there are some limits on maximum deposits. Traders who opt for a credit card can deposit up to $5,000 at once, and with Western union the limit is $10,000.

    All withdrawals are processed within 5 days, but it may take longer for the funds to be visible on the account.

    CentralOption is a broker in the ownership of CentralProvider LTD.

  10. Conclusion:

    We make it our mission to not recommend anything but the best – which, according to industry experts, is IQ Option, the top regulated broker for your country with a minimum deposit of ONLY $10!

    • FREE $10,000 demo account
    • Award-winning trading platform
    • Licensed and regulated broker

    Trade with an
    award-winning broker
    like IQ Option

     

     

    Between 74-89 % of retail investor accounts lose money when trading CFDs
    11. Your capital is at risk

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