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.
Trading binary options involves substantial risk and may lead to loss of all invested capital.