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GOptions: Broker Facts and Trader Reviews

regulation
Broker is located in the European Union
region
Accepts traders from
United Kingdom
rating
3.8
/ 5
Rating: 4
Reviews: 0
bonus
Bonus on first
deposit
Register within 10:00 minutes and receive a gift
Attention! Since year 2017 GOptions works under the brand Binomo

GOptions is based in the UK and specializes entirely in binary option trading services. The company was founded in 2009 and has since earned multiple industry awards and client praise in several countries. Traders can choose from a wide selection of financial assets: currencies, stocks, commodities, stock market indices. GOptions pays special attention to novice traders by regularly updating their learning section with new webinars and other educational materials. Experienced traders will be pleasantly surprised by such features as early transaction closure, expiration date transfers, as well as free market signals provided by Signalindex. Full review
Trading conditions
Tradable assets:
Option profitability:
Minimum deposit:
Minimum trade amount:
77
up to 90%
$200
$5
Demo account:
Online registration:
Call support:
Chat with support:
yes
yes
+1 (866)-882-6854
yes
Tradable assets:
77
Option profitability:
up to 90%
Minimum deposit:
$200
Minimum trade amount:
$5
Demo account:
yes
Online registration:
yes
Call support:
+1 (866)-882-6854
Chat with support:
yes
Deposits and Withdrawals
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Review of GOptions
Broker rating: 4.0 / 5

1. General information

GOptions is an international brokerage company that was founded in 2009 with the goal of developing the then young market of binary option trading. Despite the currently vast selection of brokerage companies, GOptions still known as a reputable market participant. The company offers its own trading platform that was created to meet the needs of both novice and experienced traders. It provides the required market instruments for strategic decision making, analysis, and implementation of profitable transactions.

GOptions.com offers a variety of opportunities for one to learn more and gain more experience in financial markets, and also promotes trader education, especially among ambitious traders who wish to improve their trading skills and earn a stable independent income. The company offers market reviews, trading signals, consultations with specialists, risk-free transactions, and trend alerts in order to help traders make better decisions.

Apart from the above, the company also prioritizes data and funds protection. The company makes sure that they implement the most up-to-date security standards, such as electronic information transfer protocols with SSL encryption.

2. Advantages and disadvantages

Own platform: GOptions trading platform has been developed by the company’s specialists, which means that it has been tailored specifically for the needs of the clients. This allows creating better working conditions for those spending long hours at the computer screen, enabling the traders make quick and better decisions.

High level of security: as mentioned above, client identification, personal data protection, and payments processing security have long been the trademark feature of the company. GOptions guarantees secure market transactions, as well as safe fund deposits and withdrawals.

Fast fund withdrawal: the company’s policy is to guarantee that any client’s withdrawal request is processed within 24 hours, provided that the client has verified their account information in advance, in accordance with the company’s policy. At the moment, there isn’t anyone else on the market that could beat this result: most brokers take from 2 to 5 days to process withdrawal requests.

Demo account limitations: the company provides no-risk demo accounts only after a cash deposit has been made; clients who deposit up to $1000 get a one-time demo account for the same amount of virtual money, while those with larger deposits receive unlimited demo accounts.

3. Trading conditions

GOptions offer over 200 different assets within four popular groups: stocks, indices, currencies (forex), and commodities. The types of contracts and expiration dates are quite varied, and also include the new short-term “turbo” options. The minimal deposit is $200 / 200 EUR / 200 GBP, depending on the account currency, which is quite standard for the industry. All types of accounts are also eligible for a deposit bonus which can be as high as 100%.

Combined with daily or weekly market reviews, signals, tools, alerts and opportunities to consult with experts in trading strategies, the platform provides a comprehensive package of services and facilities for even the choosiest traders. The minimum trade amount is $25, which is considered to be quite high by industry standards. In addition to standard services, the ‘Gold’ and ‘Platinum’ accounts come with loss insurance, which means that a certain part of a losing trade will be returned to the trader’s account.

4. Underlying assets

The list of financial assets offered on the GOptions platform is rather impressive - as mentioned above, one can choose between over 200 assets, including currency pairs, such as EUR/USD and GBP/USD; raw materials, such as gold, silver, and oil; stock market indices, such as S&P500; and also stocks of large companies, including Apple, ExxonMobil, Google, and others. The wide variety of both common and exotic underlying assets provides more freedom in choosing a suitable trading strategy - and leaves room for experimentation.

5. Trading platform

One of the main advantages of this broker’s trading platform is that it does not depend on separate software and does not need to be downloaded. It works in the browser and can be accessed from anywhere in the world, using any device with an internet connection. Account owners can access their data and the trading environment using their login and password – just as can be expected from a modern online tool.

GOptions allow their clients to work with several types of contracts. Below are the most popular ones:

  • High/low options: this is the classic binary option type, with trade outcomes that are determined by the price of the underlying asset at the time of expiration.
  • ‘Turbo’ options imply trading within shorter time intervals - between 30 and 120 seconds. This allows maximizing trading frequency, and, when handled well, provides an opportunity to collect profits faster.
  • In order to earn profit with the help of ‘one touch’ options, one needs to predict correctly whether the price of the chosen asset will reach a pre-determined level during the lifetime of the option. In this case, the asset only needs to reach the indicated parameter once and does not need to remain at the same level after that.
  • ‘Ladder’ options will allow the profitability of the chosen asset to reach 1250% by combining several trades into a single chain.

6. Types of accounts

GOptions offer their clients a choice between five different accounts to meet the needs of both novice traders and professionals. The type of account depends on the size of the initial deposit, which may vary between $200 and $10,000. The starting account is called ‘Micro’, followed by ‘Mini’, ‘Standard’, ‘Gold’, and ‘Platinum’. Each type of account offers a certain bonus, as well as a set of extra services and trading instruments, such as additional learning materials, personalized help and advice, partial insurance against losses, risk-free trades, market signals, etc. All traders, independent of the size of their accounts, can contact the online support service on the phone, by email, or through live chat.

7. Deposits and Withdrawals

Opening an account takes several minutes; deposits are not required to register on the GOptions website. Once you have filled out a form with your personal information and submitted the documents required to confirm your identity, you will be able to fund your account. Once the information has been processed, you can get to work and start opening your first trades.

Clients of GOptions can withdraw funds using several widespread methods: MasterCard and Visa cards, direct bank transfer, as well as Skrill and Neteller digital wallets. Deposits will take between one and three working days to appear inside the account, while withdrawals can be completed in one day’s time, provided that your account meets the safety requirements and the company’s policy against money laundering.

8. Risk-free trades

GOptions offers an innovative alternative to standard demo accounts: knowing that nothing makes one more responsible and serious about trading than the necessity to operate with real money on a real trading platform, the company has introduced risk-free trades. When opening a ‘Mini’ account or higher, each client is granted 4 risk-free trades to help get acquainted with the platform and better understand its functionality, tactics, and strategies. Experienced traders will enjoy a risk-free opportunity to make some extra profits. This approach has its advantages and disadvantages, just like the demo accounts, which, basically, offer the same kind of experience. The only difference is that risk free trades are done on real trading platforms and with real money.

9. Trader training

All traders registered on the platform are offered an opportunity to develop professionally. Market reviews and trading signals, as well as educational materials can help upgrade your trading skills and learn to make better trading decisions.

Those really interested in reaching new heights will definitely appreciate the possibility to receive advice from market specialists and experienced traders – members of the GOptions trader support team. The company has brought together a team of professionals with significant experience in financial markets and client service.

10. Trading strategies

GOptions platform is designed to be a flexible tool which allows traders to combine various types of trading strategies. A number of experienced traders use binary options as instruments for hedging, scalping, and other trading styles. At times when it is important to be able to quickly react to changes in the market – the Turbo options will come in handy. The possibility to access successful trades of other traders, as well as various educational opportunities can help beginners make their way into the exciting world of binary options trading.

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