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Magnum Options is among the best binary options brokers in the industry. They were established back in 2013, with HQ in Gibraltar. Magnum Options is a reliable broker with secure trading platform, who provides top notch trading instruments and services to their customers worldwide. They accept all traders around the world, excluding Israel. This way, traders from different countries can enjoy trading with this trustworthy broker and achieve profitable binary options trading experience.
If you want to know more on how to trade binary options, read below our Magnum Options review.
With Magnum Options, there is no registration fee. Magnum Options review reveals that minimum deposit is $200, while max bonus is $10000. Maximum deposit amount for traders who use credit card is $20000, and for those who use wire transfer, amount is unlimited. It is possible to place trades in several different currencies, such as USD, EUR, GBP, CAD and AUD.
Traders should know that chosen currency while depositing has to stay the same when withdrawing money. Maximum return while trading binary options can go up to high 81%. Minimum investment is $5, while maximum investment is $10000. Further in this review, you can find out more on this reliable broker and services they provide to their traders.
Magnum Options Platform and Features
In binary options industry, to have a safe and quality trading platform is of great importance. This is why Magnum Options offers high developed software SpotOption, which is safe and easy to use in the same time.
On this platform, traders can choose between many different features, provided by this broker in order to have a successful binary options trading process.
With Magnum Options it is possible to trade with 4 asset types: stocks, commodities, currencies and indices. In total, there are more than 100 different underlying assets, available for traders to trade with them.
Traders have on their disposal a wide range of expiry times: 15 seconds, 30 seconds, 60 seconds, 2 minutes, 5 minutes, 15 minutes, 1 hr and 24 hr. To trade efficiently with binary options, traders can use several different trade options. They are: 60 seconds, High/Low, One Touch, Long Term, Pair Options and Ladder Options.
With 60 seconds, it is possible to trade super fast on smaller amounts and it is very popular options on the market. OneTouch options are also popular among traders because they enable traders to make the most money from this trading options with high payouts. The thing with OneTouch is that a specific set of prices has to be reached and it’s not like with usual price prediction, because it won’t be enough.
So basically, once when the asset price reaches or falls to the target price, traders have earned money or vise versa. On the other hand, Ladder options give traders a possibility to have several trades few times in a row on one single assets while its value rises, similar to climbing up a ladder. Returns with this trade option can be more than 1000%.
Magnum Options uses user-friendly interface and its platform is protected by SSL security system (Security Sockets Layer), as we learned in Magnum Options review. Both traders beginners as well as experienced traders can easily navigate through this broker’s platform. Traders have on their disposal many different and useful tools and features, such as Rollover and Double Up strategies.
Rollover is a strategy which allows trader to postpone expiry date of the chosen asset. In case if it appears price prediction aren’t going to be on target, traders only have to click on Rollover button. This possibility is available up to 10 minutes before expiry time and actually, it turns possible loss to a gain.
Another strategy, used by many traders is called Double Up. When traders believe that their predictions are accurate, they can activate this button to repeat the trade. This way, traders can have a new trade with same trading conditions as in previous trade they made. With this possibility, traders have double their investments.
Magnum Options platform is available for traders worldwide on English. An excellent feature traders enjoy is mobile trading. The possibility to use mobile app is very popular among traders because it gives them a choice to place trades from anywhere. Traders can trade binary options through iOS system as well as on Android. Mobile platform is also secured and easy to use.
Magnum Options Customer Support
To all their traders, Magnum Options provides customer assistance 24/7. This is extremely important in case if traders have any queries regarding binary options trading. Traders can contact this broker through various methods, via telephone, live chat and email on [email protected].
To their traders in order to have more knowledge and be successful in trading, Magnum Options has compiled a set of educational video on how to improve trading skills and also a glossary with FAQ, containing all important trading terms, that traders may be of great importance.
Magnum Options Banking and Company
As previously mentioned, Magnum Options offers traders a safe trading experience, due the fact that platform is SSL protected. Thanks to SpotOption software mentioned in this Magnum Options review, it is easy to navigate on their platform, which is extremely important when traders are depositing or withdrawing money.
In FAQ section, traders can get more detailed information on how to deposit and withdraw and what documents they have to submit to be able to trade binary options with Magnum Options. There are several deposit methods for traders to use, such as Mastercard. Visa, Visa Electron, Maestro, American Express, Bank Wire, JCB, Verisign, CashU…
Minimum withdrawal amount is $100, while maximum is $2000 via credit cards. One trader submits withdrawal request, it will take aprox. 3 business days to process it and additional 5-7 days until the funds show in your account.
First withdrawal fee per month is free, every additional withdrawal is charged $30 if trader uses bank wire. For withdrawing funds with credit card, trader has to use the one which was used while depositing money.
In case any trader needs assistance, they can contact this broker through email, live chat or via telephone, as we have tried in Magnum Options review. To be able to deposit with Magnum Options, traders first have to submit several required documents.
One must provide a photo ID, proof of residency and a copy of credit credit, which will be used. Traders can scan these documents and sent them on e-mail: [email protected].