anyoption review:

The anyoption™ site was launched in February 2009.  Being 100% web based means it does not require any software download and adhering to their strapline of ‘anyone can trade’ they have created a site geared at beginners wanting a user friendly, uncomplicated experience of binary option trading.

anyoption™ offers binary options on 110 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse and internationally attractive site. For the non English speaker, the fact that the site is also displayed in 9 languages, from French and German to Chinese, makes it a highly beneficial and appealing platform for trading.

anyoption™’s unique feature is that 15% of the option’s investment is paid back even if it expires out of the money. Refunds are normally not given in binary option trading so this increases the site’s desirability. The technology they use ensures that transactions are speedy and most importantly, totally secure.  Their returns on in-the-money options are high at 71% (or even 400% for the unique one-touch options ), ensuring they stay at the top of their game and remain competitive.

Special features:

• A set 15% refund on out-of-the-money options
• One Touch weekend options
• Website in 9 languages
• 110 underlying assets available
• 9 bonuses offered

Company information:
Name: anyoption™
Website: www.anyoption.com
Established: January 2009
Country: Cyprus
Email: support@anyoption.com
Tel: 0044 208 0997262

Ratings anyoption review:

anyoption review  rating – 95 stars out of 100

Usability – 10 stars
The site is clear and neatly presented without an overload of information, making navigation around the site enjoyable.  Registering with anyoption™ is a simple process and it gives a clear explanation and demonstration on how to purchase an option. The site’s FAQ section is comprehensive and informative, explaining a host of queries. Their Banking page is sophisticated, allowing users to select their country in order to find out the relevant methods available to them.

anyoption provides an in-depth binary options guide which clearly explains all there is know about this  investment product.

Registered anyoption™ users have a comprehensive view of their account and its history. They can quickly view their settled options, open options, banking history, bonuses and much more. When withdrawing money, a buyer must send authorization documents as proof of identification. Though this slows down the process, it ensures a smooth and secure transfer. Once all documents are authorized, the withdrawal is processed within 3 business days.

No software download is needed, as the anyoption™ platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

An investor can purchase an option for as much as $20,000 per option which is the highest in the industry, maximizing the potential returns to up to 14,000$ net profit for a single trade.

A first time buyer will find the site uncomplicated, instructive and interesting.

No. of assets – 10 stars
anyoption™ offers options on the following underlying assets: 9 currency pairs (forex), 31 indices, 66 stocks and 4 commodities, totalling 110 assets for purchase.

The quantity and international spread make them a competitive range of assets, with new ones being added regularly.

Expiry range of options – 8 stars
The anyoption™ website has 4 expiry times – end of the hour, day, week or month. Most indices, currency pairs and stocks have all 4 expiry times, with commodities only offering two each. Nothing further reaching than end of the month is offered on any assets,

Effective return – 9 stars
The effective return is the total percentage of return offered on an option. On the anyoption™ website this is 80-86%. This is split between 65-71% for in the money options and 15% on out of the money options. This is one of  the highest in the industry and is therefore a significant benefit when considering which online platform to select.

Languages  – 10 stars
A full version of the anyoption™ website is available in 9 languages – English, Spanish,Italian, Russian, French, Chinese, Turkish, Arabic and German. The anyoption™ Customer Services team speaks a 9 of those languages.

Website extras – 10 stars
Ensuring it stays at the top of its game, the anyoption™ website offers several interesting and innovative tools and features. One such tool is Profit Line. Investors can view the real time profit of their investments, following the assets’ live market fluctuations. They are able to clearly chart the movements of their investments whilst purchasing new options according to their situation.

They also offer the unique feature – Take Profit. This is where in exchange for a premium, a customer who is offered Take Profit can get the promised return on his option, before the original expiry time of his purchased binary option, irrelevant of the asset’s actually expiry time.

This is complemented by the equally unique feature – Roll Forward. This is where in exchange for a premium, a customer who is offered Roll Forward, can postpone the expiry time of his option to the nearest available expiry time from the original expiry time.

anyoption’s other attractive offering is its free SMS service. Customers who purchase a binary option of 100 USD/EUR/GBP or more are given the choice of receiving the option’s outcome (in the money/out of the money) by SMS.

On the fun side, their Show off wall allows investors to show off how much they have earned on a chosen trade.

For assets which a buyer has not yet invested in, they can view the real time trend analysis of the asset, displayed in each asset’s trading box. This will help a buyer with his Call/Put decision. The website also displays a useful and clear demo of how to purchase an option.

Another useful feature is the product, One Touch, which enables buyers to purchase options over the weekend when the markets are closed. Buyers receive a payout once the price of an underlying asset reaches a predetermined barrier. The payout reaches as high as a 350% return for selected assets. It’s a novel method of weekend trading, aimed at the more experienced trader.

Fees/commissions –  9 stars
anyoption™ does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. The first withdrawal each month is also free of charge. From there on, there is a fee of 30 USD/25 EUR/20 GBP/38 TRY for every additional withdrawal that month.

Loyalty offers – 10 stars
As far as we are aware, anyoption™ offers 9 different varieties of bonuses and special offers, treating its customers to ‘bonus’ money added to their account, risk free investments and more.

Payment methods – 10 stars
As a standard rule, deposits can be made via credit/debit cards and bank wire transfer. However, there are also many additional domestic payment methods available (e.g. PayPal, POLi2, Cuenta Digital), relevant to each country.  These include making payments in retail outlets, post offices, ATM machines and directly from an online bank account.  The user can also choose whether to open an account in US dollars, Euros or Pounds Sterling.

Support quality – 10 stars
The anyoption™ Customer Service team are available by phone and email, Monday-Friday, from 07:00-21:00 GMT, as well as being available live chat. They are contactable via 9 international phone numbers, enabling buyers to call a local number in their country of residence. They also offer a Call back service where a trader can request for a customer service member to contact them by phone or email. The response time for phone calls is quick and the service is polite and informative.

OptionBit‘s return on in-the-money options is competitive in the industry at 65-81%. However they do not offer a return for out-of-the-money options which is a downside of the site. For the non English speaker, the fact that the site is also displayed in Turkish, Spanish, Russian and German, makes it a highly beneficial and appealing platform for trading.

OptionBit trades on TradoLogic, a trading platform provider. A trader’s funds are protected by godaddy SSL and held in a separate account by the billing company.

Their site has 3 types of trades available: regular above/below binary options; Touch trading where a trader must predict if an asset will touch a set strike any time before the time of expiration; and Range where a trader predicts if an asset will expire within a predetermined range.

There is no company information available on the OptionBit website about who owns the company. We only know that they are based in Cyprus.

Special features:
65-81% return rate on in-the-money options
3 types of binary options available
Website in 5 languages
Extend and Close Now features
‘My trades’ box showing current open trades

Company information:
Name: OptionBit
Website: www.optionbit.com
Established: May 2010
Country: Cyprus
Email: support@optionbit.com
Tel: 00357 22 030205

Ratings review:

OptionBit rating – 67 stars out of 100

Usability – 7 stars

OptionBit is a refreshingly new site, nicely laid out and easy to navigate around. Registration is simple and free and there is a helpful demo explaining how to use the site.

The glossary is useful, explaining the different terms associated with binary options trading. However the binary options tutorial is long and unattractive, making it difficult to read.

On the homepage, traders can easily view their open trades by clicking on the question mark.

As usual, no software download is needed, as the OptionBit platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

An investor can purchase an option for as much as $5000 per option which is very high and competitive in the industry.

A first time buyer will find the site easy to use and enjoyable.

No. of assets – 5 stars

OptionBit offers options on the following underlying assets: 14 currency pairs (forex), 5 commodities, 12 stocks and 6 indices, totaling 37 assets for purchase. The site lacks any detailed information about any of the assets.

Expiry range of options – 4 stars

The expiry range of binary options on offer is not specified. Our research showed us that their expiry times start from a few minutes to the end of the nearest hour.

Effective return – 7 stars

The effective return is the total percentage of return offered on an option. On the OptionBit website this is 65-81%, solely based on in the money options since they do not offer refunds for out of the money options.

Languages – 9 stars

A full version of the OptionBit website is available in English, German, Spanish, Russian and Turkish.

Website extras – 8 stars

OptionBit has a few interesting features, setting it apart from the rest. There are 3 types of trades available – regular Above/Below (high/low) binary options, Touch trading and Range.

In touch trading, a trader must predict if an asset will touch a set strike any time before the time of expiration. If they predict correctly, and the price of the asset touches the strike price before the time of expiration, they will be in-the-money and receive a pre-determined payout, usually between 75%-81%.

Range is a type of binary option where traders predict if an asset will expire within a predetermined range. In range options, to be in-the-money a trader must accurately predict whether the price of a specific asset will expire in or out of a predetermined range.

Additionally, there are two other interesting features, currently only available on anyoption. Close Now enables traders to buy an option before the time of expiration. This is helpful if a trade is not performing as expected. Extend is OptionBit’s roll over feature that enables traders to extend the expiration date of an option.

Fees/commissions – 7 stars

OptionBit does not take any fee or commission from its buyers when they purchase binary options. They are free to place, for free, as many options as they desire. They do not specify if they do or do not charge for withdrawing money from an account.

Loyalty offers – 7 stars

Currently OptionBit offers a 30% bonus (up to $500) on a trader’s first deposit.

Payment methods – 5 stars

Deposits can be made via credit card, bank wire transfer and PayPal. This is quite a limited choice. Payments can be made in USD only.

Support quality – 8 stars

The OptionBit Customer Service team are available by email, live chat and a trader can request a call back. They can be contacted on 4 international phone numbers. OptionBit’s customer service team is polite and well informed.

They offer trades on over 40 assets covering the USA and European markets.

EZTrader keeps its users up to date with current market news via their Reuters news feed, asset information links and real time asset price graphs.

Staying competitive in the market, they offer payouts of 60-70% on in the money options with a less competitive payback of 0-5% for out of the money options.  They have a secure trading environment which protects an investor’s personal, financial and trading information.

The site is functional and attractive and though relatively basic it ticks all the boxes for an honest and user friendly trading site.

As is usual, the ownership of the company is unknown except for information on the site, stating that “EZTrader.com is a private corporation. It is managed by a few veterans of the European financial industry and some expert technologists.” So far, all of our experience using their site cannot fault this.

Special features:

• Real time viewing of asset’s market price
• Promotion available daily
• 44 underlying assets to choose from
• Today’s Call and Put % split
• Helpful Customer Support

Company information:
Name: EZTrader
Website: www.eztrader.com
Established: January 2009
Country: Cyprus
Email: support@eztrader.com
Tel:  646 666  9677

Ratings review:

EZTrader rating – 70 stars out of 100

Usability – 7 stars
The EZTrader site is a simple and unfussy site. Its glossary and FAQ sections are clear and useful tools which help its users understand the basics of binary option trading.

The My Trade section is comprehensive and enables investors to see all past and current trades. Additionally, the My Account section provides succinct information about how to deposit and withdraw funds and the status of these actions.

No software download is needed, as the EZTrader platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

A downside of the site is navigating and understanding the assets. Rather than being able to select an asset and discover its available expiry times, an investor must first select the relevant asset tab and then check the End of Day tab. This is an unnecessary extra step should a user wish to quickly purchase an option. The site also lacks further information regarding the asset such as trading times and general asset information. However on some indices there is a News button taking the investor to news bites about that particular asset. This is a lovely touch to the website.

A downside to the site is that the maximum investment amount per option is $1,500 which limits the potential returns.

Overall, using the site is an enjoyable experience.

No. of assets – 7 stars
EZTrader offers options on the following assets: 7 indices, 25 stocks, 8 currencies and 4 commodities, totaling 44 assets for purchase. These assets concentrate on the USA and European markets.

Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.

Effective return – 7 stars
The effective return is the total percentage of return offered on an option. On the EZTrader website this is 75-85%, split between 60-70% for in the money options and 0-15% on out of the money options. This is near the top end of the industry, though an investor will only receive 0-15% payback on Nasdaq options which means he could potentially lose 100% of his investment on most of the site’s options.

Languages  – 5 stars
The EZTrader website is only available in English.

Website extras – 6 stars
A useful feature of the website is the graph displayed next to each asset, showing the real time market prices of the selected asset. This shows an investor the recent fluctuations of an asset.

Additionally the Homepage has a couple of interesting features. Today’s Trades is a box showing the percentage split between Calls and Puts that day. The Reuters Financial News live feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 9 stars
EZTrader does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. A user may also withdraw money as many times a month as he wishes at a cost of $20 by cheque, $30 for wire transfer and at no charge to withdraw by credit or debit card, as long as the amount is not larger than that initially deposited by the card. Over that amount, his PayPal account is credited with the withdraw balance.

Loyalty offers – 10 stars
The EZTrader site constantly offers bonuses to its customers on the Homepage of its website. These normally entail a bonus once a deposit of a certain amount is placed into the account. They also place no limit on the number of times a user can take advantage of the bonus which is an extremely beneficial feature of the website.

Payment methods – 5 stars
Deposits can be made by credit card only. Accounts are held in US dollars.

Support quality – 9 stars
The EZTrader Customer Service team is available by phone on four international numbers and by email. Additionally there is a live chat with a customer service team representative where they respond immediately and are extremely helpful.  The service is polite, speedy and helpful. The opening times for customer services are unspecified.

Unfortunately following our review we discovered that much of its content is not original but copied from other sites: much of their FAQ section is copied from competitor sites; the Daily Market Review, Weekly Market Review and Hot Tips from the Analysts are copied from Bloomberg articles and taken from other websites which have not been referenced to or accredited to in the text.

Despite this the site has some interesting features. It is displayed in Russian, Arabic and Spanish as well as English which makes it more universally attractive. It offers binary options on over 50 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse site.

Their payouts are high and in line with the top end of the market. Investors receive 68-75% for in the money options and a generous 5-10% for options expiring out of the money.

The issue of copyright on the site makes a huge statement about the site’s credibility. We are currently investing in the site and hoping that despite this error they deliver their promises.

As with many such sites, the ownership of the company is unknown except for information on the site, stating that “TraderXP is a global privately held company headquartered in The British Virgin Islands with offices spread around the world. The company is managed by veteran professionals of the global financial industry, with vast experience in financial trading, risk management, technology and trading regulations.” It seems however that they are not clued up about copyright regulations.

Special features:

• 5-10% refund on out-of-the-money options
• Real time viewing of asset’s strike price
• One Touch weekend options
• Website in 4 languages
• 53 underlying assets available

Company information:
Name: TraderXP
Website: www.traderxp.com
Established: October2009
Country: Cyprus
Tel: 00357 22 030357

Ratings review:

TraderXP rating – 64 stars out of 100

Usability – 6 stars
The TraderXP site is clean and user-friendly. Its FAQ section is clear (however see Website Review for more information) and is neatly laid out with useful tabs.

The My Account section is comprehensive and enables investors to see all past and current trades as well as neatly presenting information about how to deposit and withdraw funds and the status of these actions.

No software download is needed, as the TraderXP platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

TraderXP has a useful detailed breakdown of each asset, as well as allowing users to search the past expiries of each asset.

A downside to the site is that the maximum investment amount per option is $1,000 which limits the potential returns.

Overall, using the site is a pleasant experience.

No. of assets – 7 stars
TraderXP offers options on the following assets: 20 indices, 17 stocks, 12 currencies and 4 commodities, totaling 53 assets for purchase. These assets concentrate on the USA, European, Asian and Middle Eastern markets, making it internationally attractive and competitive.

Expiry range of options – 5 stars
The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.

Effective return – 8 stars
The effective return is the total percentage of return offered on an option. On the TraderXP website this is 73-83%. This is split between 68-75% for in the money options and 5-10% on out of the money options. This is near the top end of the industry.

Languages – 8 stars
A full version of the TraderXP website is available in English, Russian, Arabic and Spanish. The Customer Service team speaks X languages.

Website extras – 6 stars
A useful feature of the website is the graph displayed next to each asset, showing the recent strike prices of the selected asset. This shows an investor the recent fluctuations of an asset.

There is also an informative and thorough demo video explaining exactly how to open and account and carry out a trade.

The News by Yahoo! Fiannce feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 9 stars
TraderXP does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they wish. The fee for withdrawing money is $25 for wire transfer, $10 for a cheque plus postage and at no charge to withdraw by credit or debit card

Loyalty offers – 0 stars
So far we are unaware of any offers available on TraderXP.

Payment methods – 8 stars
Deposits can be made by credit card, wire transfer, Western Union and PayPal. Accounts can be held in US dollars or Euro.

Support quality – 7 stars
The TraderXP Customer Service team is available by phone on 14 international numbers and by email. Additionally there is a live chat with a customer service team representative. Currently the response time is slow which could be due to starting difficulties. The service however was not so polite. The opening times for customer services are unspecified.

They offer binary options on 44 underlying assets in the US and Europe.

WinOptions return on in-the-money options are said to be ‘up to 81%’. This is a high return rate, however the lower end of the return rate is not stated.

WinOptions keeps its users up to date with current market news via their Reuters news feed.

To ensure a user’s security, they use secure encryption techniques and SSL certificates. This is done to ensure that data is securely transferred when trading and depositing funds into an account.

As is usual, the ownership of the company is unknown except for information on the site stating that ‘The company is managed by few veteran professionals of the global financial industry, with vast experience in financial trading, technology and trading regulations arena’.

Special features:

1. Up to 81% refund on out-of-the-money options
2. Tiered bonuses when depositing money
3. Trading explanation banner in 12 languages
4. Account offered in 3 currencies
5. Helpful glossary

Company information:
Name: WinOptions
Website: www.WinOptions.com
Established: April 2010
Country: not stated
Tel: 0044 203 33555288 / 001 646 9185359

Ratings review:

WinOptions rating – 66 stars out of 100

Usability – 6 stars

WinOptions is a basic site, good for the new trader. The trading area is clearly displayed and easy to use, though many of the other tabs are hidden away and harder to find. The FAQ section is adequate, answering the basic questions, though it would benefit from more in-depth questions being added. However the Glossary is useful for new timers on the site.

Registering on the site is simple and free and the Account section is nicely presented and understandable.

The My Account section clearly displays a trader’s Deposits, Withdrawals, History and Personal details. Withdrawals take 3-10 business days to process, to allow time to verify the transaction and identity of the card owner.

No software download is needed, as the WinOptions platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

It says that an investor can purchase an option up to 1,500 – the currency is not stated.

Overall the site is enjoyable to use though it lacks some essential information for a new trader.

No. of assets – 7 stars

WinOptions offers options on the following underlying assets: 9 currency pairs (forex), 9 indices, 20 stocks and 4 commodities, totaling 42 assets for purchase. The site lacks information on the assets themselves.

Expiry range of options – 7 stars

The WinOptions website has 3 expiry times – end of the hour, day and week. This is one of the most varied offered in the market.

Effective return – 5 stars

The effective return is the total percentage of return offered on an option. On the WinOptions website this is 81%. A downside to the site is that is does not state the lowest return offered. Neither does it offer a payback should an option expire out-of-the-money.

Languages – 7 stars

The entire WinOptions website is only available in English. However, the explanatory steps are available in 11 other languages – a useful tool.

Website extras – 6 stars

A helpful feature on the WinOptions website is the chart in the trading boxes which shows the development of an asset.

Additionally the Homepage has a couple of interesting features. Trader’s options is a box showing the percentage split between Calls and Puts that day. The Reuters Financial News live feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 8 stars

WinOptions does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. It is free to withdraw money from a credit/debit card and 20 (no currency specified) to withdraw money by wire transfer.

Loyalty offers – 8 stars

There are several tiered bonuses offered when a trader deposits money into his account with a clear explanation on the terms and conditions surrounding them – a thoughtful and transparent approach to bonuses.

Payment methods – 3 stars

Payments are limited to credit/debit cards only. A huge downside of the site.

Support quality – 9 stars

The WinOptions Customer Service team are available by phone, email and live chat. No days or times of the week are specified. They are contactable via 14 international phone numbers. The customer service team is friendly and polite.

Why Binary Options?

Binary options are a very unique way of trading that you won’t experience with things such as commodities trading. The reasons for this are varied. However, you should know from now that the main reason is due to the fact that the original people that invented binary options trading as we know it designed it in a way that anyone can go on a computer and learn binary options trading in no time. As the word of this came out to the wider public, many ex-traders from stocks and the currency markets started to trade binary options. If you actually look at the bigger picture, you will notice that many traders are actually in it for the long run. This just shows the type of professionals that individuals who do binary options trading are.

Where Do I Fit In?

You fit in wherever it suits you! You can start your binary options trading experience from the word go! You don’t have to wait for your turn. You’re your own boss, meaning that you don’t have to wait for anyone to tell you when binary options trading is good for you. What’s more, no matter what level of binary options trading that you have experience with, you fit in.

How Long Does it Take?

With regards to binary options trading and how long it takes, it is really up to you! Truth be said, the more hours that you put in, then the easier it will be for you to trade binary options from the word go! If you don’t put in that many hours, you can become a professional with binary options trading in no time. It is true; however, that depending from individual to individual, it can take longer. But as mentioned previously, binary options trading was intended to be designed very simply by its originators, so it would be easy for the everyday person to trade binary options.

Binary Options Supreme

When looking at binary options trading and other trading, such as stocks, then we can see that there are many reasons why binary options are supreme. When you trade stocks, there are many commissions. Therefore, the problem with this is that it can really eat into your profits. So the best advice for you is start looking and investing more into binary options trading whenever you can!

The key advantages with binary options are that you can deposit with as little as $100. Even with this small sum you can make attractive profits from binary options trading. On the other hand, when trading stock, you need much more to deposit. Additionally, in order to make decent money, you need to invest at least a few thousand dollars at the least. This isn’t the case with binary options trading.

Practice

There is a saying that practice makes perfect. And this really is true. The more you practice with binary options trading, the better you will become. Even if you invest time in reading articles over the Net, this isn’t enough. Practice, Practice, Practice! There’s no time like the present!

© 2010, Binary Options Review. All rights reserved.

They offer binary options on 24 underlying assets in Europe.

An attractive feature of BullOption is that 9-17% of the option’s investment is paid back even if it expires out of the money. Refunds are normally not given in binary option trading so this increases the site’s desirability. Their return on in-the-money options are high at a set rate of 65-85% making them a strong competitor with regards to return.

BullOption keeps its users up to date with current market news via their Reuters news feed.

BullOption has a unique feature of insurance. This means that there are no limits boundaries on any of a trader’s cash balance withdrawals and the Insurance will be given once the trader cash balance hit zero. For example 10% on 100 Deposit means 10 credits.

They use secure technology to protect their traders.

Where the site lets itself down is in the FAQ page. The text is copied from a competitor site and sporadically amended where necessary. This unoriginality decreases the impact of the rest of the site.

The ownership of the company is named as being Jandelle Investments Ltd.
Special features:
9-17% refund on out-of-the-money options
65-85% return rate on in-the-money options
$50 deposit on sign-up
Insurance feature on deposits over $300
Up to 125% back on 1st deposit

Company information:
Name: BullOption
Website: www.bulloption.com
Established: April 2010
Country: not stated
Tel: 0044 203 3186408 / 001 877 6340166

Ratings review:

BullOption rating – 66 stars out of 100

Usability – 7 stars

BullOption is a simple site which is easy to navigate around. Registration is simple and free and the Account section is nicely presented and understandable.

Registered users have a comprehensive view of their account and its history. They can quickly view their past trades, current trades, transactions and bonuses. When withdrawing money, a buyer must send authorization documents as proof of identification. Though this slows down the process, it ensures a smooth and secure transfer. Once all documents are authorized, the withdrawal is processed within 5 business days.

There is no overload of information, with helpful FAQ, banking and asset index pages. What the site lacks is information on expiry times – there is no way of knowing what the next expiry time will be after the current trade offer.

No software download is needed, as the BullOption platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer. An investor can purchase an option for as much as $9,999 per option which is and industry high. A first time buyer will find the site easy to use and enjoyable.

No. of assets – 5 stars

BullOption offers options on the following underlying assets: 8 currency pairs (forex), 6 indices, 6 stocks and 4 commodities, totaling 24 assets for purchase. Though the asset index page has information on more assets, the above ones are the only ones that we have seen offered on the site. Hopefully it is a sign of their future offering.

Expiry range of options – 2 stars

It is not mentioned what the expiry times are for BullOption assets. The only way to find out the expiry time of an asset, is to wait for the current trade to expire.

Effective return – 9 stars

The effective return is the total percentage of return offered on an option. On the BullOption website this is 74-98%. This is split between 65-85% for in the money options and 9-17% on out of the money options. This is currently the highest in the industry.

Languages – 5 stars

The BullOption website is only available in English.

Website extras – 6 stars

A helpful feature on the BullOption website is the graphs on the homepage. A trader can view the real time trend analysis of the asset, displayed in each asset’s trading box, which also shows the historical trend of the asset. This will help a buyer with his Call/Put decision. The website also includes a page on how to trade in 5 simple steps.

The website also offers insurance on its deposits: on a deposit of $300 and up, traders receive 20% insurance; on a deposit of $500 and up, traders receive 40% insurance; on a deposit of $1000 and up, traders receive 50% insurance. They explain that insurance means no limits boundaries on any of your cash balance withdrawals and the Insurance will be given once the trader cash balance hit zero. For example 10% on 100 Deposit means 10 credits.

Fees/commissions – 9 stars

BullOption does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they desire. The first withdrawal each month is also free of charge. From there on, there is a fee of 25 USD/ EUR/18 GBP for every additional withdrawal that month.

Loyalty offers – 8 stars

There is a Bonus tab in their Account section, alluding to the hopeful existence of bonuses. They do however offer a $50 deposit on sign up and 125% back on the first deposit.

Payment methods – 6 stars

According to the symbols on their website, deposits can be made via credit/debit cards and PayPal. The banking section does not expand on any other methods available.

Support quality – 9 stars

The BullOption Customer Service team are available by phone, email and live chat. No days or times of the week are specified. They are contactable via a USA and UK phone number. They have a quick phone response time and a helpful live chat team.

UpDownOptions’s return on in-the-money options is competitive in the industry at 65-75%. They offer a 0-15% return for out-of-the-money options, which potentially could be good for the trader, depending on the frequency of the 15% return.

Their site has several features which make it attractive to a new trader – tiered bonuses when depositing into an account, an ‘Open trades’ box showing the activity of current trades and a full FAQ section answering a host of questions.

They employ industry standard security protocols (SSL data encryption technology) to ensure that all transactions & data entry including deposits and withdrawals are carried out in a totally secure manner.

They say that the UpDown Options team is made up of “truly dedicated and highly experienced professional individuals with many years of financial background”. The company itself is owned by another company, The Kernox Trading Inc.
Special features:
0-15% refund on out-of-the-money options
65-75% return rate on in-the-money options
Bonuses given on different deposit amounts
‘Open trades’ box showing trade performance
Winnings bar shown on homepage

Company information:
Name: UpDownOptions
Website: www.UpDownOptions.com
Established: June 2010
Country: British Virgin Islands
Tel: none provided

Ratings review:

UpDownOptions rating – 69 stars out of 100

Usability – 7 stars

UpDownOptions is a lovely site which is easy to navigate around. Registration is simple and free and the FAQ section is well presented with a useful drop down menu offering answers to a host of commonly asked questions.

In My Trades History all of a person’s trades are presented in a thorough table. In the My Account tab, traders have access to their transaction history and deposit and withdrawal options.

The UpDownOptions site also offers and useful Payments page which clearly explains the different payment and withdrawal methods available and how each of them works.

No software download is needed, as the UpDownOptions platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer. An investor can purchase an option for $500 per option which is relatively low for the industry. A first time buyer will find the site enjoyable to use and informative.

No. of assets – 6 stars

UpDownOptions offers options on the following underlying assets: 7 currency pairs (forex), 3 commodities, 15 US stocks and 8 UK stocks, totaling 43 assets for purchase. They do not offer binary options on any indices and the site lacks information about any of the assets which they do have.

Expiry range of options – 6 stars

The binary options on offer have expiry times, starting from a few minutes to the close of the trading day.

Effective return – 8 stars

The effective return is the total percentage of return offered on an option. On the UpDownOptions website this is 65-90%. This is split between 65-75% for in the money options and 0-15% on out of the money options.

Languages – 5 stars

The UpDownOptions website is only available in English.

Website extras – 5 stars

UpDownOptions members are provided with a useful tool to help them optimize their trading. This is an ‘Open trades’ chart which allows a trader to see their current trades in real time and hence follow their performance.

The site also offers a cute winning bar along the top stating the trader’s names and amount of money that they won on their binary option trade.

Fees/commissions – 9 stars

UpDownOptions does not take any fee or commission from its buyers when they purchase binary options. They are free to place, for free, as many options as they desire. They do not charge for any withdrawals made by Moneybookers or credit card. Only a $12 processing fee is applied to bank check withdrawal.

Loyalty offers – 8 stars

The homepage states UpDownOptions biggest offering – they offer a bonus, based on the deposit amount, when a trader deposits money into his account.

Payment methods – 7 stars

Deposits can be made via credit/debit cards and online payment accounts. The site lacks a direct bank wire transfer payment system.

Support quality – 8 stars

The UpDownOptions Customer Service team are available by email, live chat and a trader can request a call back. There is no direct phone number to contact the team on. The live chat is available Mon-Fri between 9.00-21.00 GMT. Their customer service team is polite and the live chat helpful.

StartOptions’s return on in-the-money options is theoretically competitive in the industry at ‘up to 75%’. However the lower end of the return rate is not stated which makes the benefits uncertain.

They offer a standard 10% return for out-of-the-money options, which is a good level for the industry, since it is standard across all of their options.

The site is well presented, easy to navigate around and offers some attractive sign-up bonuses.
StartOptions is different in that it is a white label site, based on the technology of TradeSmarter. TradeSmarter say that their system has been developed using the most advanced and stable technologies, enabling StartOptions to offer the markets most reliable, secure and robust binary options platform.
As is usual, the ownership of the company is unknown.

Special features:

1. 10% refund on out-of-the-money options
2. Up to 75% return rate on in-the-money options
3. Bonuses given on different deposit amounts
4. Daily market review
5. Open trades box showing trade performance

Company information:
Name: StartOptions
Website: www.StartOptions.com
Established: 2010
Country: Cyprus
Tel: 004 20 8588 0667

Ratings review:

StartOptions rating – 66 stars out of 100

Usability – 7 stars

StartOptions is a well presented site which is easy to navigate around. Registration is short, simple and free and they provide and in-depth FAQ section, answering a host of commonly asked questions. Trader can deposit money in USD, GBP and EUR. The GBP and EUR deposits will be converted to USD at the day’s exchange rate.
In My Trades History all of a person’s trades, transactions and their balance are presented in neat tables. In the My Account tab, traders have access to their personal details.

There are 2 different ways of viewing the trading area – either in boxes or as a list – making the site more personable for the trader.

No software download is needed, as the StartOptions platform, based on TradeSmarter’s technology, is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

The site does not mention what the maximum amount for an option is, so no comparison can be made with the competitors. StartOptions also lacks an information page on payments and banking.

A first time buyer will find the site easy to use and enjoyable.

No. of assets – 7 stars

StartOptions offers options on the following underlying assets: 10 currency pairs (forex), 6 commodities, 19 stocks and 5 indices, totaling 40 assets for purchase. They also provide an Asset Index page with trading information on each asset.

Expiry range of options – 2 stars

The site does not state the expiry times of the asset so it is pure luck for the trader which options are available at what time.

Effective return – 8 stars

The effective return is the total percentage of return offered on an option. On the StartOptions website this is 85%. This is split between 75% for in the money options and 10% on out of the money options. A downside to the site is that it does not state the lowest return offered, meaning the lower end of the effective return is not known. From our research, the lowest return rate we saw on the site was 55%, making the effective return range 65%-85%.

Languages – 5 stars

The StartOptions website is only available in English.

Website extras – 6 stars

StartOptions members are provided with a useful tool to help them optimize their trading. This is an ‘Open trades’ chart which allows a trader to see their current trades in real time and hence follow their performance.

The site also offers a ‘Sentiment’ box which shows the percentage split between Calls and Puts for a selection of assets that day.

They also provide a useful Daily review of the market as well as a weekly blog with relevant market information (powered by an external site).

Fees/commissions – 9 stars

StartOptions does not take any fee or commission from its buyers when they purchase binary options. They are free to place, for free, as many options as they desire. They do not charge for any withdrawals made by credit card. Only a $30 processing fee is applied to bank wire transfers.

Loyalty offers – 8 stars

StartOptions offers 4 attractive bonuses to its first time depositors based on their deposit amount.

Payment methods – 7 stars

Deposits can be made via credit/debit cards, wire transfer and moneybookers.

Support quality – 7 stars

The StartOptions Customer Service team are available by an online form, live chat and phone. No days or times of the week are specified. They are contactable on UK and Cyprus phone numbers. The customer service team is friendly and helpful.

As with TraderXP, it is based on the technology of SpotOptions, and just in the same way, much of its content is not original but copied from other sites: many questions in the FAQ section are copied from competitor sites; the Daily Market Review, Weekly Market Review and Hot Tips from the Analysts are copied from Bloomberg articles and taken from other websites which have not been referenced to or accredited to in the text.

Despite this the site has some interesting features. It is displayed in English and Russian which makes it more universally attractive. It offers binary options on 46 underlying assets covering the USA, European, Asian and Middle Eastern markets, making it an extremely diverse offering. They have graph on the homepage showing a trader’s open trades and monitors those traded assets’ levels.

At 75%, the top end of their payouts is high and in line with the top end of the market. However the lowest payout is not specified. According to our research, the lowest payout is 66%. However investors receive a consistent and generous 10% for options expiring out of the money.

They use the internationally accepted security system SSL (Secure Sockets Layer) that encrypts all credit card payments over the web.

However, the issue of copyright on the site makes a huge statement about the site’s credibility.

The ownership of the company is unknown except for information on the site, exactly the same as TraderXP, stating that “TradeQuicker is a global privately held company headquartered in The British Virgin Islands with offices spread around the world. The company is managed by veteran professionals of the global financial industry, with vast experience in financial trading, risk management, technology and trading regulations.” It seems however that they are also not clued up about copyright regulations.

Special features:
10% refund on out-of-the-money options
Real time viewing of a trade’s progression
One Touch weekend options
Website in 2 languages
46 underlying assets available
Company information:
Name: TradeQuicker
Website: www.TradeQuicker.com
Established: June 2010
Country: British Virgin Isles
Tel: 00 212 796 4935

Ratings review:

TradeQuicker rating – 70 stars out of 100

Usability – 7 stars

The TradeQuicker site is well presented and user-friendly. Its FAQ section is clear, (however see Website Review for more information), thorough and is neatly laid out with useful tabs.

The My Account section is comprehensive and enables investors to see all past and current trades as well as neatly presenting information about how to deposit and withdraw funds and the status of these actions.

No software download is needed, as the TradeQuicker platform is 100% web-based. This ensures a smoother buying experience as no software updates are needed and purchasing can be made from any computer.

TradeQuicker has a useful detailed breakdown of each asset, what it is and when it is traded.

A downside to the site is that the maximum investment amount per option is $1,000 which limits the potential returns.

Overall, using the site is a pleasant experience.

No. of assets – 7 stars

TradeQuicker offers options on the following assets: 19 indices, 13 stocks, 10 currencies and 4 commodities, totaling 46 assets for purchase. These assets concentrate on the USA, European, Asian and Middle Eastern markets, making it internationally attractive and competitive.

Expiry range of options – 5 stars

The expiry range is very short, with the end of the day being the furthest in time an investor can purchase an option.

Effective return – 8 stars

The effective return is the total percentage of return offered on an option. On the TradeQuicker website this is 85%. This is split between 75% for in the money options and 10% on out of the money options. A downside to the site is that it does not state the lowest return offered, meaning the lower end of the effective return is not known. From our research, the lowest return rate we saw on the site was 66%, making the effective return range 76%-85%.

Languages – 7 stars

A full version of the TradeQuicker website is available in English and Russian.

Website extras – 6 stars

TradeQuicker investors are provided with a useful tool called Today’s Open Positions. This is a profit graph allowing a trader to see their current trades in real time and hence follow their performance.

Inside the trading boxes there is also 1 hour line chart showing the historical progression of each asset and a Traders Choice Bar showing the percentage split of calls v puts that each asset has had.

There is also an informative and thorough demo video explaining exactly how to open and account and carry out a trade.

Another useful feature is the product, One Touch, which enables buyers to purchase options over the weekend when the markets are closed. Buyers receive a payout once the price of an underlying asset reaches a predetermined barrier. The payout is between 150-500% for selected assets. It’s a novel method of weekend trading, aimed at the more experienced trader.

The News by CNBC Finance feed is also displayed, enabling users to keep up to date with the market news.

Fees/commissions – 8 stars

TradeQuicker does not take any fee or commission from its buyers when they purchase options. They are free to place, for free, as many options as they wish. The fee for withdrawing money is $25 for wire transfer, $10 for a cheque plus postage and at no charge to withdraw by credit card

Loyalty offers – 6 stars

They offer up to a 50 welcome bonus and the first trade is on them.

Payment methods – 8 stars

Deposits can be made by credit card, wire transfer, Western Union and PayPal. Accounts can be held in US dollars or Euro.

Support quality – 8 stars

The TradeQuicker Customer Service team is available by phone on 5 international numbers (covering 3 countries: US, Canada and Russia), by live chat and by email. They also offer a call back option. The opening times for customer services are unspecified.