GrandOption is a regulated binary options broker based in Cyprus. The binary options trader provides some of the best returns on successful trades in the binary options trading industry. GrandOption offers traders on its platform a rich educational resource library and maintains a fair trading atmosphere along with other exciting features. The broker is under the management of Rodeler in Cyprus, which is also the management company of the popular 24Options binary options broker. In our GrandOption review, we will provide you with all the necessary details regarding this binary options broker.
In a move that breaks from the norm, GrandOption designed its trading platform like a news website, presenting information in the form of headlines and news items. GrandOption opens its doors to every category of traders with its affordable minimum deposit plans. Every trader on the platform has access to trade all the underlying assets available on the binary options platform. Also, each trader is guided by a dedicated account manager to make their trading experience as productive as possible. In addition to the standard features of the trading platform, GrandOption also has three different loyalty programs with enhanced features for traders that qualify.
GrandOption binary options broker offers three types of accounts to its users. These include the Standard, Superior, and VIP accounts
GrandOption Standard Account: Traders with this account can access the trading platform and the video archive. They also get regular market updates from the broker’s blog, and a market expert is available round the clock to help them through their trading activities.
GrandOption Superior Account: For holders of this account, they get all the features of the standard account in addition to an extra two percent return on all winning trades, as well as a faster withdrawal period and a personal coach.
GrandOption VIP account: Apart from having all the features of the Superior account, the VIP account holders are also entitled to personal training sessions plus an extra four percent return on every successful trade.
GrandOption Demo Account: Our GrandOption review revealed that the binary options broker does not provide a demo account. Instead, the binary options broker offers a free trading terminal where users can get a feel of the platform’s features. In our opinion, we believe the best way to get new users comfortable with the platform is to provide a demo account with all the features of a live account.
GrandOption uses a proprietary trading software built by Scipio on the TechFinancials platform. The trading software requires no download and is user-friendly. The platform is dynamic, clutter-free and responsive. It contains all the information needed to perform every transaction and also provides the Stop Loss feature for traders. The stop loss function helps traders to choose exit points for their open positions at the present or future market prices so that whenever the price misbehaves, they can secure their gains or reduce their losses. The GrandOption trading platform also offers the limit entry order and the double up and rollover features, which is used by traders to double their investments or increase the expiry term of their investments to take advantage of prevailing market conditions. Also, the platform provides an up to date economic calendar to help traders plan according to changes in the world economy.
Payouts on successful trades on the GrandOption binary options platform can range from 88 to 100 percent.
Furthermore, GrandOption trading software has a dedicated mobile app supported by the Android and iOS mobile platforms for trading on the go. With the mobile app, traders can get all the features of the web version on their smartphones and tablets. Additionally, the web version of the software is compatible with every device and screen size, offering an excellent user experience.
The GrandOption trading platform supports options such as Hi/Low (Up/Down), 30 seconds, 60 seconds options, Boundary and OneTouch options. Also available are long-term options such as End of Day, End of Week, End of Month options and so on.
On the GrandOption binary options platform, traders can trade in four broad categories of assets including Commodities, Forex, Indices, and Stocks. Users can trade in 8 different types of commodities including gold, corn, coffee, and oil. Traders can also trade 25 Forex pairs and 16 indices in global markets. Furthermore, traders can trade stocks of 29 different companies such as Apple and Coca-Cola, most of which are from the United States.
The GrandOption platform provides a full-fledged binary options academy which is accessible via the broker’s homepage. The academy is packed full with rich learning resources such as e-books, webinars, and video tutorials on binary options trading strategies for every category of trader.
GrandOption binary options broker has a versatile payment system consisting of wire transfers, credit cards, and electronic payment options. Payment can be in US dollars, British Pound Sterling, Euro, and Japanese Yen and the minimum deposit is $100.Traders can deposit through wire transfers, and they can also use credit cards such as MasterCard, Visa, Diners, and so on. For traders who prefer the electronic payment option, they can use Skrill, Neteller, Giropay and so on.
For withdrawals, traders have to use the channel used to deposit funds into their account, and this can take up to seven days to process.
Apart from wire transfer which requires a minimum of $100 for withdrawals, other payment options including e-payment and credit cards have no minimum withdrawal limit. Every trader gets a free withdrawal the first time, and for owners of the Superior account, they get one free withdrawal per month. VIP account holders can withdraw as many times as they want free of charge. Withdrawal fee for wire transfer is $30, 3.5 percent for credit card withdrawals, and two percent for electronic payment withdrawals.
GrandOption is mandated by law to keep the deposits of nonprofessional traders out of its operating costs, and the funds are protected through an Investor Compensation Fund which is administered by CySec of Cyprus.
GrandOption is under the regulation of CySec, which is the regulatory body for financial and securities businesses in Cyprus. The binary options industry is full of risks and many frauds posing as legitimate businesses, and that is why a broker needs to be regulated, as this will provide an avenue for monitoring their activities to ensure they are in line with laid down industry procedures.
GrandOption maintains a great multichannel customer support system. Customers can contact support via e-mail, telephone, and live chat. Their representatives are polite and provide prompt responses to customer enquiries. Also, the company has an informative FAQ section that provides customers with many answers to different categories of questions about the binary options broker.
Our GrandOption review shows that the binary options broker is a legitimate financial trading company which is regulated by CySec and managed by Rodeler of Cyprus. The broker has about 75 underlying assets available for trading and different types of short and long term options. Trading takes place via its proprietary trading software, and users can access the platform through the web and a mobile app. With a minimum deposit of just $100, the binary options broker offers every level of trader the opportunity to make money via binary options. It has three account types and supports different payment options. Lastly, the broker offers great returns on investment but does not give bonuses in line with the industry regulator’s instructions. All in all, the broker is a credible platform worth doing business with, but like all other binary options platform, your investment can be lost forever as the industry is highly unpredictable.
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