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.
FFB Logo
Get a free
$10,000 
demo account
Open Account
Your Capital is at Risk

GoGo Option Broker Review

  1. GoGo Option is probably one of the weirdest brokers / online gaming sites we have encountered so far. It seems to have been built by Chinese (our guess) bitcoin trading and gambling enthusiasts. It is obvious that the platform is just at the beginning having no proper informations, FAQ’s, contacting pages etc. This means also that is not regulated. Most talk about the platform is done over the bitcointalk.org forum. GoGo Option is a pure bitcoin platform, meaning the cryptocurrency is used to deposit and trade or roll dices. More about that lower in our GoGo Option review.

    At this point we still cannot recommend this broker to our visitors. We recommend using a well established and regulated brand to trade cryptocurrencies, like 24option. Punters are welcome to peek into our casino section if they prefer online gaming instead and crypto enthusiasts should take a look at out cryptocurrencies page.

  2. Account Features

    Theres not really much to write about here. The account is really easily created and does not even require an email. All that the user needs to enter to create a GoGo Option account is an ID (nick) and password. Right after that the platform will log you in into the system. There are any special settings, all the info is at the top menu, which is available even without login.

    R-Dice Fairness, Deposit and Withdraw buttons are not functional when the default user is logged in. Default is basically the phantom user used for everyone who comes to the platform, usually called AnonymousID. Not to confuse readers anymore – important thing is that one can easily create a fully anonymous account and start trading or rolling virtual dice. More about that in the next section of our GoGo Option review.

  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. Trading Software & Assets

    There are two main modes on the platform. One is the well known binary options instrument. The other is the Dice mode – basically an randomisation algorithm is used and traders roll virtual dices to see if they won or lost. The game is played also with “high” or “low” buttons.

    GoGo Option Dice Mode

    Developers seem to be really open about the way the randomisation works and they clearly state that the house edge is 1%. Some users on the bitcointalk forum thought that is too high.To us it seems reasonable if it is true. The dice rolls are also shown as a chart which is really interesting. The value of the dice can be from 0-99 and the player needs to guess will it be higher or lower at the time of expiry.
    Expiry times are 5,10 and 55 seconds and payouts are up to 100% for this kind of game.

    GoGo Option Binary Option Mode

    The binary mode is something we are more accustomed too. Here traders need to guess if the price of the underlying asset will be higher or lower after the predetermined expiry time – so your classical binary option. The returns are 80% and higher.

    Expiry times:

    • 3 minutes
    • 5minutes
    • 10 minutes
    • 15 minutes
    • 30 minutes
    • 1 hour
    • 4 hours
    • 24 hours

    There arent really any charting tools, so BinaryOptions, even with the trading background can be traded directly almost like a game, or by using an external chart analysis solution.

    The assets offered are forex currency pairs

    • GBPJPY
    • EURGBP
    • EURJPY
    • USDCHF
    • USDJPY
    • EURUSD
    • USDCAD

    and cryptocurrency pair

    • BTCCNY

    It seems the broker is working on integrating LiteCoin as well. The maximum investment is 0.3 bitcoins. Quotes are provided by TrueFX.

  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. Support Information

    Customer care is at this point available through the bitcointalk forum, and something called the TrollBox on the GoGo Option platform. While it all may seem a bit weird, we have to comment that the help-desk is really communicating with traders and they are really answering all the messages. While the method seems to be basic – the service seems to be really good. It seems the owners want this broker to succeed.

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

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

  9. Banking & Company Information

    The only payment and withdrawal option at the moment is bitcoin. The QR code or the address is presented with the click on the deposit button. Withdrawals work in similar fashion.

    In order to deposit, one needs to also leave an email address. This can be done on the side, next to the binary option button – the button called the “account”. This is also the only setting available under this button.

  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

Copyright © 2012-2022 All Rights Reserved FairForexBrokers.com - US

     Cookie Policy