GOptions is not a newcomer at the binary options scene. It has been around since 2009 when the first binary options trader wave arrived. Over the years it has created a solid customer base, which consists of traders all around the world. GOptions actually have won title of the best new online FOREX broker at USA in 2014. In addition to that, it has also won numerous other awards. Those and some other important factors that we will go through in this review, are the main reasons why this broker is still alive and succeeding better than many others brokers which have started their business at the same time. Let’s take a closer look at GOptions broker site.
Video demo below. Open free account to GOption by clicking the button below video
GOptions offers one of the best bonus programs on the market. First deposit bonus amount varies from 25 to 100% and depends on account type the investor will obtain. The following deposits after the first one will also be rewarded with extra bonuses. Amounts of these vary from 10% to 100%. We’ will go through these bonuses more thoroughly in the “Account types” section.
GOptions offers fair up to 90% maximum profit possibility for some option types. That is quite a lot above average on the market and satisfies most investors. With the high rewarding bonus system this deal is extraordinary and one of the main reasons behind GOptions recent success. Ladder type options give even higher payouts and possibility to get return rate of several hundred per cent.
Most important features
One of the biggest advantages GOptions have is that they are authorized to accept US customers and therefore they qualify truly as a global actor on the binary options market. As stated before, their pay out rate is excellent and bonuses are more than generous for real investors at upper account types.
They also provide demo account which can be used to get familiar with the trading before real investments. We recommend starting with the demo account for all investors with no previous experience in a binary options trading. It is a great way to get familiar with the binary options platforms and see which one fits best for your personal needs . In addition to GOptions, demo account trading is available for example on CTOption and Porter Finance.
GOptions also offers special features for their traders which are rarely seen on other brokers’ selection. Those are:
“Buy me out” Where trader is allowed to close the trade before its expiration if it seems that it will not make out alive. It is only available up to 1 hour before option expires. This feature provides an excellent opportunity to reduce the overall risk of the trade. This option is really a good way to make an otherwise high-risk but high-yield investments worth investing for even more cautious investor. “Buy me out” is available on following trading assets: Currency pairs, commodities, stocks and indices.
“Rollover” allows trader to extend the expiration of a trade and that is useful if the trade is going to expire but investor believes that it only needs a little more time to be profitable. This is excellent tool for investments where expiration time is difficult to predict
“Double Up” allows doubling the bet with one click during the expiration.
Minimum deposit is 200 dollars and they accept deposit at least up to 250 000 dollars. Minimum investment is 5$ and currently the maximum is limited to 5000$. This range provides an opportunity for each investor to invest according their own wealth and risk-taking ability. It also allows you to make really high-risk investments with small amount of money and thereby seek large quick profits. Or make low-risk investments with big sums of money and seek easy profits.
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GOptions offers wide range of different account types. Investors, who demonstrate commitment with larger deposits, are also offered the possibility of bigger bonuses, improved benefits, personalized service and other significant rewards. Each level contains all the benefits of the previous levels, and in addition to that, the benefits that come with the achieving the next level.
GOptions Micro account
The first and basic level of account is called micro account and it requires at least the minimum deposit of 200 USD to be accepted on this level. Trader gets 25% deposit bonus from the first deposit and extra 10 % for each following deposit. GOptions will provide letter of weekly market reviews and daily trading tips. This basic level account is sufficient if investor wants to start investing but does not have massive capital to invest at the beginning.
GOptions Mini account
Mini account is the next step up from micro account and it requires initial deposit of 500-999 USD. This gives the investor to 35% bonus on top of the first deposit sum, and 20% bonus on every following deposit. This also includes weekly call and improvement session with junior account manager and possibility to get four $25 risk free trades. This is a great opportunity to make real investment with no risk at all.
GOptions Standard account
GOptions Standard account requires initial deposit of $1000-$4999 and this will benefit investor as much as 50% of the deposit amount and 35% of each subsequent deposit. On top of that GOptions offers four $50 risk free trades.
GOptions Gold account
Gold account is an excellent option for the investor who is serious about binary options trading. First deposit amount needs to be $5000-$9999. GOptions will provide extra 75% bonus on top of the deposit and extra 50% on top of each following deposit after that. In addition to this you get personal account manager and private Skype connection for help in better decision-making. They also provide weekly fundamental and technical strategy training, breaking financial trade alerts for cases of unexpected events and 10% insurance to cover your losses of any losing month. They also offer one month free signal service to get the best advices from the financial experts and professional traders. On top of all that, you get four $250 risk free trades.
GOptions VIP Platinum account
GOptions VIP Platinum account is the ultimate deal for big investors who invest a lot of capital. This account offers full 100% first deposit bonus which needs to be minimum of $10 000. On top of everything included in the Gold account, this VIP Platinum offers extended signals and tips for 3 month period. If the deposit exceeds $100K the investor will receive personal GOptions credit card. GOptions will also provide four $500 risk free trades. With these benefits every trader that takes investing seriously enough will be offered a full package of bonus benefits and managerial guidance from account manager.
Verifying the account
Investor needs to prove identity to the broker according to the law and therefore three steps needs to be completed before after first time deposit. This process must be completed to prevent money laundering.
- Scan of a photo ID: Passport and Driver’s License are accepted.
- Scan of a credit card: First and last 4 digits must show, other can be covered.
- Utility bill that proves home country and address of the investor. The bill must show the same address as credit card or driver’s license.
Awards and recognition
GOptions has won over its short operating history, a large number of different awards. It among others, has been selected as the best US binary options broker in 2014. In addition, it has been recognized as the best signals provider, as the best trading platform and as best bonus program. Recognition’s have come from many different parts which proves that GOptions as a whole is one of the best binary options brokers that are available today.
GOptions uses SpotOption trading platform which is probably one of the most decorated and advanced trading platforms that are available today. In particular, professional investors have praised SpotOption platforms usability. You can trade with it quickly and easily, and changing the position from the other is done almost without delay
Trader’s choice bar
Trader’s choice bar is a great way to see buyers and sellers trends fluctuations. You can use it to evaluate how popular the call or put option is. This will help you to asses the risk and profit potential of each individual trading asset.
How to Trade
There are multiple different trading methods available in GOptions. They offer High/Low option, One Touch options, Pair Trading options, Ladder options, Turbo options, Spot Follow options and Forex-trading. Expiration times vary from 30 second to several months.
What to trade
Trader can choose the right trading asset from wide range of options. Stock, indices, currencies and commodities are all included. For example trading assets include commodities such as Gold, Silver, Coffee etc. There are about 80 different stocks available; most of the biggest and well known global companies from all industries are included.
Currencies are always traded as pairs and there are about 30 different pairs to choose from. All the most important and traded pairs are available. There are about 20 different indices from stock markets all over the world. All the familiar ones such as Nasdaq, S&P 500 and DAX are obviously included in selection. In total they offer around 150 different assets to choose from.
In order to be one of the best binary options brokers, fully functional mobile trading platform must be in selection. GOptions mobile platform fulfills that expectation really well with their application. It is easy to use and trader can either follow previously set trades, or take a perspective and make another trade with the app. It is full version of the web based one so you can make exactly the same trades that are available in web platform.
GOptions offer wide range of educational material for learning. There available some interactive courses, daily market analysis, trading academy videos, a lot of trading articles, webinars and eBooks. From that repertory total beginner can progress to a successful trader really fast.
Customer service of GOption is solid and they can help with any problem that trader might have. They can be approached by phone, live chat or email depending on the issue. In our own test, we got fastest response through live-chat. However, other contact channels were also fast and effective ways to get answers to our questions, response time was still pretty short.
GOption provide US and UK phone numbers if you want to contact them by phone. It is also possible to get the service in German, Arabic and French, in addition to English. This extra service brings rating of GOptions customer support at extremely high level.
Banking options are one of the most versatile and best designed there are available today. Money transfers in both directions are carried out quickly. GOptions has clearly made an every effort to stand out from the crowd in this area. In their withdraw policy they guarantee same day withdrawals, which is remarkable promise. This outstanding money transfers policy proves that they are one of the most reliable players in the industry
Deposits and withdraws can be made with all major credit cards such as: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo. They accept USD, CAD, AUD, and GBP deposits. They also accept wire transfer, Skrill, Neteller and WebMoney to make money transfers as easy as possible.
Is GOptions a scam?
GOptions is definitely not a scam. In addition to that it is one of the oldest and most reputable players in the field, it has also been able to avoid almost all negative publicity. Fast money transfers, expertly made website and functional trading platform are excellent indicators that this is a reliable company, where even a prudent investor should dare put his money.
However, in the field of binary options brokers, there are several scam artists and unreliable brokers. So we recommend that you invest only through the companies that we recommend. As an investment industry professionals, we have years of experience in the identification of fraudsters.
We also have enough time and experience to look thoroughly through each brokers policies and history. Other absolutely reliable brokers in addition to GOptions are for example IQ Option, Banc de Binary, Cherry Trade and Opteck, Banc de Binary and Anyoption as well as all the other companies appearing on our website
Conclusion and overall rating
GOptions is an excellent broker with large customer base. That is a solid proof that they are doing something right and giving customers what they are looking for. Trading platform is easy to use and wide range of learning materials provide good start for beginner traders to get into the markets and to understand them properly. All the most important trading assets are available and also some less common are included in their selection. Excellent customer service, which operates in several different languages, as well as a wide range of banking options, receives special praise.
We give to GOptions overall rating of 4,8 stars out of 5 as a binary option broker