TopOption Review

TopOption Review

TopOption describes itself as “the world’s first regulated binary options broker”.  The company, officially operating under the name Safecap Investments Ltd., located in Cyprus, is regulated by the Cyprus Securities Exchange Commission (CySEC). This regulation ensures that TopOption will operate transparently, reliably, and safely; and moreover, the company will have to regularly prove that it has enough funds to cover refunds and payouts.

TopOption describes itself as “the world’s first regulated binary options broker”.  The company, officially operating under the name Safecap Investments Ltd., located in Cyprus, is regulated by the Cyprus Securities Exchange Commission (CySEC).  This regulation ensures that TopOption will operate transparently, reliably, and safely; and moreover, the company will have to regularly prove that it has enough funds to cover refunds and payouts.  

In addition to its regulated status, TopOption also stands out for its risk management options and extensive asset list that includes instruments not offered by most other companies including: Bitcoin, GoPRO, Platinum, Palladium, Copper, and uncustomary currencies.

Scam Report

TopOption is not a scam, and complies with CySEC and MiFID (Markets in Financial Instruments Directive).  

Deposit Information

The minimum deposit with TopOption is $100, but more training is provided for clients who deposit over $1,000.  Deposits can be made using Visa, Diners Club, Mastercard, WebMoney, or a special account for transferring funds called “Fast Bank Transfer.”

Bonus Information

TopOption offers first time depositors bonuses between 50%-100%, up to $/€/£ 5,000, based on the amount of their first deposit.  Additionally, bonuses are given starting at $35 for referring friends who deposit with TopOption.  These bonuses cannot be withdrawn before meeting the trading volume equivalent to 40x the value of the bonus (and 10x the value before withdrawing profits made on the bonus).  Trades must not exceed 50% of the pre-bonus account balance, or they will not count towards the minimum trade turnover. Bonus funds will be lost if the client wants to withdraw funds before satisfying the minimum trading volume. And finally, customers in the following countries are not eligible for bonuses:  Afghanistan, Bolivia, Brazil, Canada, Cuba, Cyprus, Democratic People’s Republic of Korea, Ethiopia, Ghana, India, Iraq, Islamic Republic of Iran, Israel, Kenya, Korea, Malaysia, Myanmar, Nigeria, Pakistan, Puerto Rico, Sao Tome and Principe, Sri Lanka, Syria Arab Republic, Tanzania, Thailand, Turkey, United States.

Trade Options and Payouts

Customers have access to over 180 underlying assets, and a simple, intuitive web-based platform.  TopOption’s platform includes the usual online trading tools, as well as risk management tools. The minimum investment with TopOption is $5 and goes up to $4,000, with payouts up to 85%.  The platform can be accessed from a PC, iPhone or Android.  

Conclusion

TopOption is fully regulated and has a user-friendly platform appropriate for new traders. More advanced traders might be disappointed by TopOption’s very basic educational materials.

Binäre-Optionen-bei-TopOption


Official Website:  www.topoption.com

Phone Number:  +357.2.222.2039

Trading Platform: SpotOption

Restrictions:  USA traders

Regulation: CySEC

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