This broker is closed. Try trading with HighLow instead.
GrandOption is one of the most renowned binary options brokers in the industry. They offer excellent returns on successful trades and provide a fair trading environment for all their customers in addition to an excellent set of features such as third party signals and education library as you will be able to read in GrandOption review. Check out more information in our GrandOption review.
Trading binary options involves substantial risk and may lead to loss of all invested capital.
Account Features
Every trader will have a chance to take part in Grand Option binary trading platform with minimum amounts initially deposited. GrandOption review showed us three kinds of the loyalty programs which offer different services in addition to the standard set of features which includes the access to platform and the binary options products to trade underlying assets in all four major groups. As a special feature, Grand Option secured a dedicated account manager for each trader’s support while trading. All accounts have specials when it comes to withdrawing funds, so for more info check our GrandOption review banking section.
GrandOption Standard Account offers access to the web platform and the video database access. Users will also get regular market updates via the blog site and a 24 h market expert for their own trading support.
GrandOption Superior Account also includes a personal account manager available to help you with any query you might have through the trading process and will also include extra 2% return if it ends in the money, increasing the payouts! But in the out of the money cases you will lose your invested capital. All the features of standard account are also included. We used this in our GrandOption review.
GrandOption VIP Account includes everything previous accounts did and an additional personal training session with a senior account manager. The winning trade with this account will reap additional 4% in payouts which is an excellent way to get even more out of a single trade. But in the out of the money cases you will lose your invested capital.
Grand Option also features the Academy, a subsection of the website exclusively dedicated for the trading success of its traders. GrandOption review indicated advanced users will find the area a bit lacking, more strategy videos would be welcomed by the professional community. However, since Grand Option has a mission to enable access to financial market to everyone, we do understand the focus is on beginners.
Trading binary options involves substantial risk and may lead to loss of all invested capital.
Trading Software & Assets
The Grand Option review revealed the website is very simple to use. The trading platform is not just some small plugin window but a whole window experience without any distractions. This is really a pro level trading made simple as GrandOption review shows. It doesn’t require installation but it is powerful as any standalone software. The platform is TechFinancials and it is very stable even with multiple trading streams and data movements.
The interface is user focused and presents a full modular website meaning one can move between different windows and setups. There are great navigation tools that help users see everything in one window, without a need to switch between tabs. The platform has comparably good selection of products, mostly focusing on High/Low and 60 second options, but also OneTouch and Boundary.
In GrandOption review, when we traded, we thought the price quote graph is very visible and one can swiftly choose between different investment amounts. One also has a direct overview of the trading history so the account management is much easier than with other brokers where one must go to a different browser window sometimes. All open trades are clearly visible and easily help make the needed account adjustments.
Users can also close trades early if they believe they position will not be at their best interest at the time of expiry. GrandOption review showed this tool acts as a risk management feature that reduces out of money.
GrandOption review reveals good underlying asset list — from currencies (found under “Forex” tab) and indices, stocks and commodities. Forex makes the biggest group reflecting the previous preferences of the management team who spent years in investment bank FX division. There are 25 pairs available for trading. Commodities count 8 assets, among them oil and gold. Stocks count 29 individual companies, but largely focused on US equities. This is why those who want to trade binary options in global markets can trade indices, 16 of them, geographically centered on Asian and Europe.
Trading binary options involves substantial risk and may lead to loss of all invested capital.
Support Information
Last, but not least important feature is the fact that Grand Option is a CySEC regulated broker operating under license number 207/13 and registered by a number of institutions. GrandOption takes measures to retain clients’ funds in a separate bank account from that of the company.
The website also offers access to many webinars, one must contact the indicated emails/phone numbers. FAQs mostly cover the questions not addressed in the rest of the website, we found the usual pages very informative, without too much unnecessary glitter, so the FAQs was just additional info.
As a regulated broker, Grand Option touts its customer satisfaction rates. Their customer support can be reached via phone (only two numbers listed) live chat and e-mail. The email replies we got were very quick, in a matter of minutes actually, we were very pleased by the way our problems were handled and solved.
Trading binary options involves substantial risk and may lead to loss of all invested capital.
Banking & Company Information
As any regulated binary broker, Grand Option ensures a high level of technical operational and fair business practices. The broker also claims that all EU customers, that are not enterprise customers (professional), are protected through an Investor Compensation Fund that Grand Option is a part of. Our contacts for GrandOption review told us all funds are on segregated accounts and there is a formal feedback procedure ensured.
Credit cards such as MasterCard, Visa and Diners are accepted, but also bank wire and e-payment systems. The minimum deposit amount depends on the service. With credit card it is $100/€100 /£100 / ¥10,000 and with e-payment its the same, but some other Skrill/Moneybookers focused “how to’s” on the website state it is $250 or $500. Unfortunately, we didn’t manage to use Skrill to test this in GrandOption review.
In Russia and Turkey, the minimum deposit is $100!
Withdrawals use the same methods unless one is withdrawing profits, then, another vehicle must be used due to AML laws. Processing withdrawal requests take 7 days — it is not the fastest.We grew accustomed to a 2-3 days standard in other broker reviews.
Good news is that there is no minimum amount when withdrawing other than with bank wire, when one must have minimum $100. When withdrawing for the first time there are no fees. With the Superior account we used for GrandOption review, one withdrawal monthly is free while VIP account holders can withdraw as many times as they want without any fees. Fees are 3.5% with credit cards and 2% of the amount with e-payments. When using the bak transfer, withdrawal cost is $30.
We discovered in our GrandOption review that this binary broker is a part of the Rodeler Ltd, registered and headquartered in Cyprus.