KeyOption has one of the best banking services as they accept a wide variety of e-Wallets as well as wire transfers and credit cards with withdrawals being guaranteed within a 48 hour time frame. All these transactions are backed up by the HCMC regulation. Standard account holders are eligible for a 1 risk free trade and bonuses of up to 50%. VIP account holders are entitled to 10 risk free trades monthly, and a 100% deposit bonus.
Bonus terms are stringent like with other brokers. No withdrawals can be effected once the bonus is accepted before actually meeting the turnover requirements. The bonus cannot be withdrawn until a 40x the bonus amount has been traded. However, profits can be withdrawn once a turnover requirement of 10% of the profits has been met. If you make a withdrawal before any of these conditions is met it will negate the bonus and this loss will be passed onto your deposit balance. This account also encourages Early closure and Rollover where you can fully maximize the risk and reward outcomes.
key option accounts
You can make deposits to your KeyOption account by the use of credit cards, wire transfer and other popular e-Wallets. Credit cards accepted here are similar to those that are accepted by other brokers and which include Maestro, MasterCard American Express and Visa. The minimum amount you can deposit using this method is $250 and the funds are available for trading immediately.
With KeyOption, withdrawals are effected the same way deposits are made and this includes the use of credit cards, wire transfers and the use of Skrill. Withdrawals at KeyOption take about 2 business days to be processed and this is a very reasonable time frame compared to other brokers. Wire transfer withdrawals take a short period of time to be ready for Transfer. The client receives the money directly to his/her official bank account.
KeyOption Promises vs. Reality
KeyOption has in the past been in controversial circumstances since many traders have been doubting its legibility and some have even labeled it as a scam. In the past the broker has been promising so much in terms of their trading platform but most view it as unresponsive when it actually comes to delivery of services. Most people are shying away from KeyOption because of non delivery and many reports from disgruntled traders.
Their withdrawal policy is quite harsh on traders but when they promise about bonuses and fast and efficient withdrawals one would expect that the broker acts according to his word. The broker would promise bonuses that are very difficult to redeem especially if you check the terms and conditions of redeeming the said bonuses. Traders are required to redeem a 1 dollar bonus by having a trading volume of 10,000 Dollars. Also it becomes very difficult to make withdrawals because of the many requirements including the identification issue where one is supposed to produce identification papers every time one wants to withdraw. This makes the withdrawal process to be stringent and this puts off most traders. However, the broker will promise you that their withdrawal process is smooth and flawless and that you can actually withdraw money within a time frame of 48 hours.