Grandoption is a brand of Rodeler Limited, a Cyprus-based finance company that also owns popular trading brands: 24option, 24FX, and Quick Option. The company is registered as a Cyprus Investment Firm (CIF), regulated by the Cyprus Securities and Exchange Commission (CySEC), approved by the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) in Russia,
The company is registered as a Cyprus Investment Firm (CIF), regulated by the Cyprus Securities and Exchange Commission (CySEC), approved by the Centre for Regulation in OTC Financial Instruments and Technologies (CRFIN) in Russia, compliant with the Markets in Financial Instruments Directive (MiFID), a member of the Investor Compensation Fund (ICF) in Cyprus, and has adopted Anti-Money-Laundering (AML) regulations—thus more accountable than many other binary options brokers.
Grandoption also stands out for its unique Scipio platform, five account types (including standard, gold, platinum, diamond and Swap-Free/Islamic accounts), and competitions for high-volume traders.
The only thing we’d say negative about them is that their user-interface is bit too busy for our taste.
As mentioned above, Grandoption is governed pretty tightly, therefore unlikely to be a scam.
To begin trading with Grandoption, traders must deposit the following minimums depending on chosen currency and banking method:
Credit Card: $250/ €250/ £250 / ¥25,000
E-Payments: The minimum investment is $250/ €250/ £250 / ¥25,000
Bank Transfer: $1,000 / €1,000 /£1,000 / ¥100,000
Grand Option accepts the following methods of payment: MasterCard, Visa, Visa Electron, Diners Club, Discover, Visa Delta, Visa co-branded cards, MasterCard Debit, Maestro International, JCB, Carte Bleue, Dankort, CartaSi, Laser, Skrill (MoneyBookers), or bank transfer.
Grand Option offers cash bonuses determined by the account manager, and technology bonuses determined by the amount deposited. A lengthy list of terms and conditions are attached to these bonuses.
Traders can invest in the usual forex, stocks, commodities, and indices starting with investment options as low as $25 and trading time as low as 30 seconds. Payouts range from 65%-100%.
While the site is intuitive for the most part, it does take a little clicking around to find all the information needed—and the user interface could use some Ritalin. However, the company is straightforward and reputable.
Official Website: www.grandoption.com
Phone Number: +35725262770
Trading Platform: Scipio
Restrictions: USA Traders