No1Options is a quite fresh broker site founded on 2011 and linked together with SpotOption platform. It provides full package of tools and derivatives in order to obtain maximal yields for investors. They offer almost all latest and most useful features in their platform. They keep customers funds in a separate accounts, which is great example of good practice and transparency, but is that enough to gain trusted broker status and differ themselves from the scams?
No1Options in a Nutshell:
- Broker: No1options
- Platform: SpotOption
- Founded: 2011
- Bonus: Up to 100%
- Return/Refund: Up to 90%
- Number of Assets: Over 200
- Education Center: Ebooks & Videos
- Demo Account: Yes
- Mobile Trading: Yes
- Minimun Deposit: $200
- Minimun investment: $5
- Maximum investment: $5000
- Us Traders: Not Accepted
- Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
- Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill Moneybookers, Visa Electron
Bonuses and account types
No1Options have 5 account types in their selection starting from the student account which requires £250 initial deposit, all teh way up to VIP account which requires £50,000 initial deposit. In between there are several account types which are also listed below. Each type includes all the features from the previous one and some added features.
Student Account: Deposit £250-£2,499
With student account you get first deposit bonus up to 25%. And in addition trader gets risk management tools, e-book started pack, e-video library and 24/7 support from customer service. If you’re not chasing the bonuses, and just want start investing with little sum of money ,this account type might be sufficient, you still get all the basic tools.
Silver Account: Deposit $2,500-$4,999
Silver account increases the maximum bonus up to 50% and in addition you get weekly account manager consultation. It also enables multi platform trading and you get trading signal service for once a week. This is my recommendation for traders who are serious about trading.
Gold Account: Deposit $5,000-$9,999
Gold account level increases the first deposit bonus up to 100%. Trader also get twice a week consultation with account manager, in addition you get E-book intermediate package, trading signals twice a week and risk free month. if you have losing month No1options cover your losses once.
Personal Broker Account: Deposit $10,000-$49,999
With this account level, you get up to 125% first deposit bonus, daily consultation with account manager, two risk free months of trading. This account type is my recommendation for trader who wants to be professional at some point.
VIP Account: Deposit + $50,000
To get an access to No1Options VIP account, the initial deposit must be at leat £50,000. With VIP account level, trader gets up to 150% first deposit bonus, account manager on hold 24/6 ( every day excluding Sundays), advanced Ebook material, personal analyst and 3 risk free months. These features do not convince me in that sense that it would be best choice to invest 50,000 right at the beginning. Of course if you want to make maximum profits the more is better but trading can be also started with some of the lower account levels.
No1Option do have a demo account to begin with. I found it very helpful and straight forward copy of the real trading platform. It is excellent way to get comfortable with trading before depositing real money. Demo account is always considered a great plus. It is totally risk free method to start with. We recommend starting with the demo account and then moving to the real money trading.
Is No1Options a scam or a proper broker?
No1Options is not regulated broker, but it does not automatically mean it would be a scam. Their fund management with segregated customer accounts and excellent customer service were great first signs when assessing trustworthiness. Another good sign is that they use SpotOption trading platform which is most trusted binary option trading platform there is. At this point, when i haven’t notice any false play on the contrary, as they have showed great signs of trustworthiness, I can be almost certain that they are not scamming customers in any way.
Features of the Broker site
The most useful features that No1Options offer in addition to the basic options are Ladder, One Touch, Forex and IFollow. Forex and IFollow are not available in the majority of sites. IFollow gives trader a chance to follow the best traders on the site and copy their trades. Forex trading is the most popular method of currency trading. Ladder is a option type where is several steps or lines that you have climb to get better and better profits. Overall, ladder and one touch options offer the best payout percentages.
Other option types are the basic binary options, long term options, fast trading, which is same as 60 seconds or turbo options (30-300 seconds) in many other broker sites. Also pair options are in the selection.The platform itself is very user-friendly and is well suited for both new and experienced investors.
Like some other brokers, No1Options also offer economic calendar for customers. It gathers all the important events and deadlines on the global markets that might and will affect to prices of different asset types. This helps a lot to prepare investment plans for upcoming events and to predict the price changes of the markets. After all that is what binary options and all investments are to, market speculation and taking advantage of price changes.
The signals which were mentioned earlier, are useful indicators how professional traders and can help you a lot in the decision making. Signals are provided with different frequency depending on the account type(once a week, twice a week, or daily).
How to trade
No1Options offers over 200 tradable assets on their trading platform. Indices, stocks, currencies and commodities are all in the selection. With this amount No1Options climb to the upper end of the scale when compared to the other broker sites. The actual trading features are pretty much the same what other brokers are offering, added with the Ifollow feature that was mentioned earlier.
- Fast trading
- Long Term
These option types together with the different expiration times will give almost endless possibilities to trade. risk management is easy with diverse expiration times and by investing to different asset types and markets all over the world.
Expiration times differ from 60 seconds to 300 seconds in the fast trading section, and from 15 minutes to end of the day in regular options. Longterm options offer expirations from weeks to end of the year and everything between.
Forex products also allows to use leverage in the trading. That can dramatically increase risk and also the potential profits of the investment. Leverage can be set from 1:25 as high as 1:500 in each trade.
With these option types and wide asset selection, trader is able to build an investment portfolio as he wants. Diversification possibilities are endless and risks are easy to divide to several individual trades. Minimum trade is $5 and maximum is $5,000 which is enough for almost all traders.
Educational material and tools
No1Options call their education related section as Education Center and it provides materials and tools for advanced trading. They have answers to frequently asked questions and glossary but what really makes them to stand out from other brokers is that, besides having the economic calendar, they have Pivot calculator and Fibonacci calculator. Those tools can help to determine whether to make bull or bear, up or down investments.
They also have articles and market reviews where you can check the latest trends on the markets and in economics.
If all the material feels a little bit too much at the beginning, I recommend to start trading with binary option robot. Best robots today are the real robot and binary hedge fund. Now you can get both of these for free through us. If you have not tried automated trading before, you definitely should now. You can easily reduce significantly your workload and make trading more profitable and fun. Redeem your free robot by clicking the button below .
The site itself is translated in 8 languages (including English, Russian, Spanish, German, Portuguese and French) If your English is not that good you may find some other language that suits you better. The actual customer service can be reached through phone with three local numbers located in United Kindom, France and Australia. Live chat and email contact form are also provided. Account managers are also there to help traders as needed with their best abilities. In our own test, especially account manager help is what stands out, they were great assistance in some problematic situations which we created.
Deposit and withdrawals are easy to make with secured transfers, supported methods are wire transfer, several credit cards such as Visa, MasterCard, Maestro and any of following net payment services such as Skrill, Neteller Ukash and some others. We recommend using the net payment services but credit cards works also easily. All transfers are secured through SSL, highest secure systems used to secure websites. Traders can safely deposit and withdraw their fund without worries. Fund are directed to separate customer accounts.
Mobile trading is extremely useful for a trader who wants to follow the markets when on the move . SpotOption platform makes this very easy with their great mobile application which is fully compatible with android phones and Apples products. Mobile version is accessible through the App Store and Google Play and requires only the login information which must be done before.
No1Options has wide range of tradable assets (over 200) and couple of interesting features in their site (e.g. IFollow) and wider education center than most broker. Even though they are not regulated or licensed we dare to say that it is not a scam broker but a trustworthy and well manageged broker site. We recommend their services warmly to all traders.
Overall review we will give No1Options 4,7 stars out of 5 as binary options broker site.
Open an account and start trading by clicking the button belowWritten by Michael Allen
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