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.