Much has been said lately about how trading with a regulated broker is not of such importance to binary options traders. Here at BinaryOptionsWire.com we tend to disagree with this view and do stand firm by our advice to traders to always prefer regulated brokers to execute their trades through. A relatively new entrant in the fiercely competitive binary options scene, which has set as a top priority to offer its clients not just a regulated but also a distinctly secure environment to trade in, is TopOption. This twin-fold aim is achieved through the use of the latest technology and the implementation of strict security protocols, while at the same time a lot of attention is paid to the integrity of the trading platform being used, with the encryption of all internet data acting as a deterrent to potential hacking attempts.
The parent company of TopOption is the financial services provider Safecap Investments Ltd, which is a regulated investment firm in Cyprus, holding the Cyprus Securities Exchange Commission (CySEC) license with number 92/08 since 2008. Consequently, TopOption is a member of the Cypriot’s Investor Compensation Fund, which provides insurance coverage of up to €20,000 per client in case TopOption runs into any liquidity problems. An added sign that the company takes its reputation and reliability seriously is the fact that it keeps its operational funds segregated from the clients’ trading funds.
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The main trading platform offered by TopOption is web- based, however, with the convenience of traders in mind it also offers a mobile trading platform enabling all its clients to trade from virtually anywhere through their mobile devices, provided they have internet access.
A certain advantage of both these platforms is their simplicity and clarity, as all functionalities are available at the touch of a button in a self-explanatory manner that facilitates the trading experience both for the accustomed traders as well as for novices, without being confusing or intimidating. Moreover, the platforms come packed with exiting and highly useful features, which enhance the possibility of a trade being successful and which are not usually offered by other brokers or trading platforms. These features include the History Graph Feature, the Rollover Feature, the Sell Option Feature and the Trading Confirmation Feature.
Types of Trades and Asset Index
Those choosing to trade binary options through TopOption will be spoiled for choice when it comes to the breadth of the tradable assets list which is available. Traders can choose between more than 180 different assets from all the four major asset categories of Forex pairs, Commodities, Indices and Stocks.
All these assets can be traded through the five different types of trades that are on offer via TopOption. Besides the Classic 3 step Binary Options type of trade, clients can also choose the super fast 60 Seconds trading, the risky but potentially extremely lucrative One Touch trading, whose payout can be as high as 500%, the Option builder which is very flexible and allows traders to build their trades as they wish by modifying certain parameters, and the ProOption type, which follows the newer trend in binary options trading, i.e. the pairing of two assets against each other.
When trading through TopOption the payout ratio will of course depend on the type of the trade being employed, the highest being the potential 500% through One Touch. The average payout ratio that a trader can expect to receive however is around 85%.
Like most brokers around, TopOption offers different types of trading accounts that you can sign up to, each coming with their dedicated perks, benefits and bonuses for each trader, which of course increase as you climb up the ladder. The three types currently available are the Starter Account, with a Minimum Deposit of $100, the Pro Account, with a Minimum Deposit of $1000 and the VIP Account, which requires a Minimum Deposit of $5000.
Customer support is an aspect where TopOption attributes much gravity. The dedicated support team can be reached via phone, email or live chat, while it is worth commenting that in order to best serve the needs of the local clientele the company offers multilingual support through not less than nine toll free numbers, in the following countries: Australia, Austria, Belgium, Cyprus, France, Italy, the Netherlands, Spain and the UK.
In short, TopOption has a lot going for it and it does merit a chance to become your preferred regulated binary options broker. It features a diverse assets list, an efficiently designed web-based platform alongside the chance to trade on the go, via mobile trading, while it also appears responsive to the needs and wants of binary options traders through offering them both useful and purposely designed trading tools as well as a comprehensive educational center and high standards of customer support. TopOption is also a generous broker offering not just the possibility of high returns, but also high bonuses as well.
George Milios is the founder of onlineforextrading.net, the binary options and forex news portal which is dedicated to providing you with all the information you need to successfully trade.