TopOption – Broker Review

Binary options’ broker Topoption is one of the leading companies in the market. The TopOption platform is organized in the way that allows conducting options’ trading quickly, conveniently, and qualitatively. We offer you the overview and the traders’ reviews on this company.

General information about broker

Topoption broker was established in 2012. One of the first company’s actions was to receive a license of the Cyprus Securities and Exchange Commission CySEC. It is natural that this step was a substantial step forward towards its clients and, especially, towards their safety.

The company has managed to find a balance between beginners and experienced users and provide services that will be equally convenient and interesting for both categories. It is necessary to note that this company, unlike many of its competitors, is regulated by serious European organizations like CySEC, FCA, Bank of France, and others.

The possibility of this broker to keep top marks is provided by the constant innovations which were implemented fearlessly and which were already assessed by thousands clients around the world. In addition, even those who are not familiarized with trading in the financial markets can settle in the binary options fairly quickly and have an opportunity to earn the extra income that can possibly turn to the primary income with time.

Trading platform

As for a trading platform, this broker has the standard trading platform. Its design is created in the same colors and style as other parts of the website. It provides an opportunity to choose the type of contract, the underlying assets, the direction, as well as the expiration time and the investment’s amount. In general, by its functionality the platform is no different from platforms of competitors.

Line is the major and the single one type of chart. This type of the price’s representation is pretty convenient for both beginners and experienced traders. In order to use extensive opportunities for analysis, you can use the trading platform provided on our website.

Trading platform Topoption also offers small indicator of correlation between buyers of Put and Call options on the certain underlying asset. But it is necessary to remember that this indicator is rather subjective because it doesn’t reflect the entire situation in the market and only shows positions opened within the certain broker. However, it can help beginners in trading to overcome trading anxiety in the beginning. This is because it shows that other traders open deals, and this fact provides the certain moral support in making one or another decision.

Binary options’ types

As for the underlying assets, the TopOption broker has a wide variety of them. The Forex currency pairs include all main majors, as well as some cross rates. Stocks are represented by the globally renowned largest companies. As for the commodities, they are represented by oil, gold, and even silver.

Registration on website and depositing funds

Registration procedure within a broker is fairly simple. In order to become the company’s client, you have to fill-in full name, e-mail, password, and password confirmation in the relative registration fields. In addition, you have to specify your telephone number.

A trader is offered to choose, whether to subscribe to weekly overviews, updates, and messages, during the registration procedure. Taking into account a fact that a verification procedure is an obligatory procedure currently, a broker offers all clients to verify during registration in order to eliminate all of the possible issues at a future date. To undergo a verification procedure, it is needed to send a broker the scanned copies of the demanded documents. You don’t have to worry, as this procedure is meant for anti-money laundering and is common for any company which works in this field.

The next stage is depositing an account. As we have already mentioned in the trading terms, minimum deposit amount is $100. Depositing funds can be carried out with both banker’s transfer and cards, as well the electronic payment systems.

Broker’s support service

We want to tell few words about broker’s support service. The first thing a trader can do when he has questions is to raise them in an online chat represented on the broker’s website. It is necessary to note that support service works consistently. It reacts to the requests quickly and answers questions fully and knowledgeably. If there is a necessity to solve issues using telephone link, the broker’s official website has many numbers for many countries, including the UK. Finally, you can send an e-mail, if you have questions. There are few e-mails on the Topoption broker’s website, and each of them represents part of a team which is responsible for the certain services and aspects.

Training of binary options trading

If you want to be the best, you have to strive for it. These words suit the binary options Topoption fairly well because this broker strives to be the best in everything. It can be also applied to its academy. All materials represented in the training section can be conventionally divided into few categories by their presentation form. Here you can find articles, which are useful for beginners, video materials, and E-book. Articles describe general idea on what the binary options are, how to trade them, and what the major benefits of this financial tool are. Here you can also familiarize with the main terms that are used in this market. We don’t recommend neglecting this section, as the further training will definitely require knowledge of the terms.

Those traders who are going to use the trading strategy based on news (straddle trade) will find the training section with the main market’s indicators considered as the perfectly suitable. There are many of them, but mastering them is not hard at all. Video materials are divided into three categories. The first one tells what the financial markets and trading in them are. The main definitions of the binary options are given, and the benefits of these tools are explained. Finally, some psychological matters of trading and risks are also considered here.

The second section of video materials is dedicated to more practical aspects of trading. A trader is provided with materials regarding the basics of the market’s analysis, trend’s definition is given, as well as levels of support and resistance and some trading strategies which based on the Japanese candlesticks.

The third section of video training has materials on the main types of contracts offered by the binary options broker, as well as on working with the trading platform. As for the electronic book, it is represented in several exemplars, each of which considers the certain aspects of the market’s trading. Electronic books are provided for clients free of charge. Finally, the binary options’ broker Topoption is going to launch webinars. It is most likely that they will be dedicated to the major practical matters of the market’s trade, in the same manner as it is implemented within other brokers.

Demo account

In order to reinforce the material that was studied within the academy, a trader can use the demo account. In general, this trading account is to a large extent similar to those that are represented within the competitors. It is provided only to the company’s clients and allows familiarizing with a trading platform closer, before a trader starts working with the real money. Availability of a trading account is an apparent benefit of a broker. Therefore, beginners when they have learned the ropes of trading, may not risk with the real money, but try having a shot with a virtual account.

Strategies for earning

What strategies can be used in order to trade with profit within this broker? Firstly, we strongly recommend brokers to familiarize attentively with those systems that are offered by a company itself. Among them, there are pretty good strategies that are based on the Japanese candlesticks and without any indicators, which, by the way, are absent among tools provided in the trading platform. Based on the information received in the academy about the main news indicators, which can be applied in trading, the Straddle trade strategy will suit perfectly in the work with this broker.

Any trend strategy will suit ideally for the One touch options. It is for the reason that the essence of this option is in the attainment of the certain level. In this situation, you can use indicators represented in our live chart. As for the professional options Option Builder and ProOption, here you can use any strategy. But you have to take into account that apart from the trading signals, a trader will have to pay significant attention to the risk and capital management. This is because these contracts are more complicated, but at the same time they provide a trader with more control.

Traders’ reviews on Topoption.com broker

Being one of the most renowned leaders in the market, topoption com broker raises much information, including reviews, opinions, commentaries, and others. Among them we can mark both feedbacks from the beginners in trading and from those who trade in the financial market for a pretty long time already. We sort all received reviews thoroughly in order to make browsing as convenient as possible for readers. So, bring to your notice reviews from the beginners in trading

Beginners’ reviews

This is my first broker and first experience in the financial markets in general. If you ask me, everything is fine, but I have to repeat that it is my first broker, and I have never worked with others. When I was choosing a broker, I have read reviews on topoption broker. And now I trade with topoption. Everything is pretty quickly and effectively. I have read and viewed their rate. I have considered trading carefully. I have managed not to lose my first deposit, as it occurs with many people, because I trade carefully and don’t hurry. In general, I can say that my deposit grows gradually.

Edgar, 26, Gillingham

Professional traders’ reviews

Along with reviews from beginners, we frequently receive reviews on the topoption from those who already have a working experience. And they share their experience of working with the certain broker. We offer these reviews to our readers. It is possible that they will help you to find an appropriate broker and a reliable partner in the financial markets for yourself.

I have liked this broker at once. It has a license, so my investments are safe within it. I know this because even CySEC has the draconian requirements towards broker. It has a wide variety of tools, and it pleases me too. Also, clients are provided with a possibility to choose between professional tools with the increased risk rate and general tools. In order to increase profitability of my work, I combine them frequently. Withdrawing money from this broker is the unalloyed pleasure. I have never had any problems with thus.

Simon, 34, London

That is all what we wanted to tell about this broker. We hope that the information represented in our reviews will help traders in making sound decisions.