PlanetOption is the new broker on the binary options market, online since 2014. In our PlanetOption review you can read and learn more about this broker and special features provided to the traders.
Trading binary options is a way of trading that allows traders to earn maximum profit during short period of time with a minimum investment. Binary options trading attract more interested people each day and that is because it greatly simplifies trading process on the existing financial global market. Binary options trading is popular due to the fact it doesn’t require from traders to have any previous trading knowledge and it gives them multiple services and trading instruments to use.
The main goal of PlanetOption is to provide their traders quality services in order for traders to maximize profit and to be satisfied with entire trading process with this broker. PlanetOption is owned by Obalt Services in British Virgin Islands.
To their traders, this broker offers appealing possibilities, such as maximum return up to 89% which is very high percentage. PlanetOption is a regulated broker on the Russian market. They accept traders all around the world, excluding USA.
PlanetOption Trading Software and Assets
PlanetOption probably has the most advanced trading software in the binary options industry. They use SpotOption interface from TechFinancials provider, known for this high developed software. This platform is safe and user friendly which provides the traders to use it while earning money. Trading binary options on PlanetOption platform is secure and traders can be confident that their funds will be protected. Platform is highly developed and safe so trader can continue their trading with no worries.
Our PlanetOption review shows how traders can use between 4 types of trading options: High/Low, 60 Seconds, One Touch and Boundary. While trading binary options, traders have at its disposal expiry dates from 60 seconds, 2, 5, 15 and 30 minutes, end of day and end of month.
– High/Low option: it is a classic trading instrument where traders have to predict will the price of chosen asset go up or will it go down.
– 60 Seconds option: this is basically High/Low option but only with the timeframe of 60 seconds.
– One Touch: option that allows the trader to profit if it reaches its target price in the given moment and in its given timeframe.
– Boundary option: this option depends in prediction whether an option will reach a certain price range or will it not.
This broker offers their registered traders a variety of available assets to begin trading process. Assets can be divided in four categories: stocks, currencies, commodities and indices.
PlanetOption Strategy and Services
Unlike on some other financial markets where it is possible to lose a large amounts of money, in binary options trading traders can know what is potential risk even before the trade is made. That way, trader actually knows how much money is in stake so he can decide whether he want to make a particular trade or he doesn’t.
But in order to reduce and losing money, the best thing that traders can do is to develop their strategy for successful binary options trading. Some traders are aggressive on the market and some are passive, it all depends on trader’s preferences. There is no magic or universal strategy, it takes time to understand how the market works and develop a strategy that suits trader the best.
The first step to the successful trading strategy is to gather all the important information about binary options market and possible trading tools that trader can use in the trading process. In this way, traders will have a clearer vision of binary options trading and how to profit from it. It is advised to start investing smaller amounts of money with low risk. This is much better to do than investing more money without having no knowledge about trading.
Traders can also use demo account for practice, which has no risk of money loss. More detailed read below in this PlanetOption review. By having traders in mind, PlanetOption enabled them an Education Center where traders can everything about trading tools and tip on how to develop a strategy and how to become experienced trader.
PlanetOption offers traders many useful services and trading instruments for them to have all they need for a profitable binary options trading journey. Traders can register on their account while investing minimum deposit of $250. Required minimum investment is $25 and maximum investment of $15000. This broker also gives high bonuses for their existing traders and to attract new one into registering with them. Maximum bonus is unlimited so the more money traders invest, the higher bonuses they can get.
One of the best features PlanetOption has is demo account. It is completely free and safe for traders to use it. When traders register with this broker, they get a possibility to use demo account in order to test their strategies without any risk level. This feature is great for traders who are just starting binary options trading experience.
The novelty in binary options trading is possibility of mobile trading. This mobile app gives traders a freedom to use platform and to trade on their mobile phones or tablets. So there is no need for them to sit in front of computers while trading.
PlanetOption Customer Support
While choosing the right broker, it is essential to have a quality customer support service. This broker has one and that is why they are able to attract new traders all around the world. They provide support for their traders to be more profitable. That is why on their platform they have an Education center so that traders can find all needed information for successful binary options trading.
Traders can contact PlanetOption via telephone, e mail ([email protected]) or via live chat. They even have FAQ on platform’s homepage. Customer assistance is available on many different languages: English, German, French, Spanish, Russian, Arabic, Portuguese and Turkish.
PlanetOption Banking and Company
In this section of PlanetOption review, you can find answers on any banking questions you might have. This include payment and withdrawal methods from accounts. PlanetOption provides traders with one window where they can easily see all past transactions in one place. They just have to click on the History tab, placed in the banking page.
Traders can be relaxed because their funds will be secured with this broker. All transactions are safe as well as trader’s accounts and all banking details. There are certain documents, which need to be filled in order for traders to prove their identification, such as official ID with picture, proof of trader’s address and credit card used in the trading process. It is possible to withdraw bonus only after traders fulfill needed terms and conditions, related to the bonus.
So, the initial step in the withdrawal process is to login into the account, select the withdrawal amount and click on Submit button. PlanetOption enables traders to have first withdrawal for free. The minimum withdrawal amount is $10 and any additional withdrawal in the same month will be charged with $30 fee. Withdrawal time is estimated between 2-5 days. Withdrawal fees depends on which type of account traders choose.
- Regular account: First withdrawal is free
- Platinum account: One free withdrawal per month
- Infinity account: Each withdrawal is free
It is available for traders to places trades in the following currencies: USD, EUR and GBP. Payments are possible with Mastercard, American Express, Visa and bank wire. Withdrawal is an easy process so traders shouldn’t have any difficulties.