TopOption is a premium binary options broker owned and maintained by one of the largest Forex companies on the planet, Markets.com. The broker is a legit business that’s being regulated and licensed in multiple countries such as the United Kingdom (FCA) and others.
Read this full TopOption review in order to find out more about the services provided by this broker.
Software and Features
TopOption runs on the Keystone online trading platform, which initially was developed for Forex trading. As such, the platform has a large number of advanced features and tools that are not available at other brokers.
The most notable example of such features are the chart indicators being offered that are taken directly from Forex trading and are not available at most other binary brokers. Such indicators include MACD, RSI, Fibonacci and Bollinger bands.
The platform is also very easy to use and understand and it works on mobile devices as well. Below you can find a screenshot of hos the platform looks and feels.
List of assets
Below you will find the list of assets that the broker offers:
Stocks: Teva Pharmaceuticals, Tesco, Tata Motors, SBERbank, Petrobras, IBM, HSBC Holdings, Google, Gazprom, France Telecom, FIAT, Coca Cola, City Group, BNP Paribas, Baidu, Apple and Amazon
Forex pairs: USD/CHF, NZD/USD, AUD/USD, USD/SGD, USD/ZAR, USD/TRY, EUR/TRY, EUR/GBP, EUR/JPY, USD/CAD, USD/JPY, GBP/USD and EUR/USD.
Commodities: Gold, Silver, Platinum, Oil, Coffee, Sugar, Wheat and Corn
Indices: TADWUL, STRAITS TIMES, SSE 180, S&P 500, NIKKEI 225, NASDAQ FUTURES, NASDAQ, IBEX 35, HANG SENG, FTSE 100, DUBAI, DOW, DAX, CAC, BOMBAY SE and ASX
TopOption offers competitive payout rates that are in line with what other top-rated brokers offer in the business. The standard payout rate that the broker offers on normal high/low options is around 85%.
You can also get up to 30% cash-back rebate on the options that you have lost. This added with the high payout rates means that your profit margins will be much higher at TopOption than at other binary options brokers.
In case of more difficult options such as One-Touch you can get payout rates of up to 500%, which is very high even for such option types.
Types of Options
Most of the options that you will be finding are traditional high/low options. These usually offer payout rates of up to 85% and cash-back rates on losing trades of up to 30%. TopOption also has one-touch options that offer payout rates of up to 500%.
TopOption also has a special option category that’s not available at most other brokers called Pro Option. These are mainly recommended for experts because they come with a multitude of indicators and charts found in forex as well as various special tools.
Tools that come with Pro Options include the possibility to double your investment mid-trade, delay your expiration time, or choose two assets and face them off against each other. Like said, most of these features are not available at other brokers.
Bonuses and Promotions
You can get various bonuses matched to your initial deposit by the broker. If you deposit between $200 and $499, you can get a bonus of 50% of your deposit. If you deposit $500 and above you will get 100% of your deposit matched with a bonus.
If you accept a bonus, your bonus and your winnings will be locked in until you invest an amount 30 times the bonus amount. However, since TopOption is regulated, it’s required to allow you to withdraw your deposit even if you haven’t yet met the bonus withdrawal requirements.
As explained above, TopOption also offers cash-back of up to 30% on losing trades.
Due to the fact that TopOption is a legal and licensed binary options broker you will have the chance to make deposits and withdrawals using a large number of payment processors. The most common of these include credit cards, bank transfer and webmoney.
The broker processes withdrawals usually around 2-5 business days. In order to speed this process up it’s advised to verify your identity prior to making a withdrawal. Since the broker is licensed, it’s required to verify traders’ identity.
Regulation and Licensing
TopOption is a broker that is regulated and licensed in different countries. Below you can find a list of licenses the broker has:
United Kingdom – Financial Conduct Authority (FCA)
Cyprus – Cyprus Securities and Exchange Commission (CySEC)
France – Banque de France (BDF)
Italy – Commissione Nazionale per le Societa e la Borsa (CONSOB)
Spain – Comision Nacional del Mercado de Valores (CNMV)
Netherlands – Netherlands Authority for the Financial Markets (AFM)
Germany – Bundesanstalt fur Finanzdienstleistungsaufsicht (BaFin)
Sweden – Finansinspektionen (FI)
Denmark – Finanstilsynet (The Danish FCA)
Hungary – Pénzügyi Szervezetek Állami Felügyelete (PSZÁF)
Slovakia – National Bank of Slovakia (NBS)
Czech Republic – Czech National Bank (CNB)
Being licensed means that the company is obliged to follow all the rules and regulations imposed by the above-mentioned authorities. These include measures aimed to protect traders from abuse and fraud as well as from losing their assets in case the company goes bankrupt.
For example, one of these measures and regulations offers traders an insurance of up to EUR 20,000 in case the broker goes into insolvency or bankruptcy. In other words, in case the broker will go bankrupt, you will always get your money back in your account up to an amount of EUR 20,000.
Conclusions: Why TopOption might not be good
There aren’t many reasons why TopOption would not be a good broker. My only comment is that they should perhaps increase their list of assets and add more long-term options.
Conclusions: Why TopOption is a good broker
TopOption is a fully European Union regulated and licensed binary options broker. It offers high payout rates and very advantageous cash-back offers. It runs on a unique platform and as such offers tools and features not available elsewhere.
By signing up and trading at TopOption you will also get the backing and protection of one of the largest Forex companies on the planet, Markets.com.
If you want to learn more about the broker then feel free to check out its website here.