TopOption Review

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TopOption Review

Review Overview

Customer Service
Asset Choice
Withdrawal
Bonus Offers
Deposit Method

TRUSTFUL

Summary : TopOption was founded in 2020 and is one of the top brokers in the industry. Their office is located in Cyprus and they are regulated by CySEC.

TopOption is a good site for the careful trader that wants to make a small investment, yet still receive an excellent return. Founded in 2020, this site is credited with maintaining excellent standards and building up a trustworthy reputation since its inception. TopOption is regulated in Cyprus and owned by the Cyprus Investment Firm SafeCap Investments Ltd. It uses the popular SpotOptions software.

With approximately 180 assets to choose from including currency pairs, stocks, indices and commodities, the popularity of this site continues to soar as there is something for everyone.

Trading Platforms

It is possible to get direct access to TopOption through a web-based trading platform, and there is no need to download any software in order to use the site. For the trader who is not at a fixed location, this site can also be accessed on a mobile trading platform, as long as one is able to connect their mobile device to the internet. These platforms have been designed to be clear, easy to understand and also to navigate.

The trading platforms for TopOption include features you will not find elsewhere, such as trading confirmation, rollover, history graph and sell option.

TopOption Trading Platform – Easy To Use Platform

Built for Beginners

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Beginners will enjoy CFD / Forexs trading on TopOption for several reasons. The first is the minimum deposit of $100, which is approximately half the amount that other CFD / Forexs trading sites charge. In addition, the minimum investment for each trade is only $10.

There is also a demo account available to get familiar with the software before you risk trading with real money. To access this demo account, you need the minimum deposit of $100. Also, the moment that you create any account, you will get a free eBook which is part of a learning series, as well as access to even more educational resources for binary trading.

Bonuses are rewarded from the moment that you sign up, even before you have had the chance to trade. Although the amount may vary, it is possible to get a bonus up to $2,500.

Account and Options Types

Making a switch from one account to another is easy and affordable for the cautious trader. The most basic of the accounts is the starter account which requires a deposit of at least $100. At the next level is the proaccount that needs a minimum deposit of $250, and the most prestigious account is the VIP account where the minimum deposit is $1,000.

There are a good selection of CFD / Forexs available and they include 60 second, One Touch, Pro Option and Option Builder. The highest returns are those from One Touch Options which can get to 250%. Typically, the other returns can get to 85%.

Deposits and Withdrawals

As an international site, it is possible to make deposits in a variety of currencies, including GBP, EUR, USD, CAD, ZL and JPY. In addition, deposits can be done using credit and debit cards, WebMoney and wire transfers. You need to withdraw using the same medium that you used to make a deposit.

You can also make withdrawals as any times as you like since there are no charges or other restrictions placed on withdrawals. In fact, should you ever have to pay any fee on this site it will be for inactivity, charged at $5, and only after you have not carried out any trades over a period of three months. However, if you are a regular trader, this fee can easily be waived.

Quick Review Of TopOption Platform

Customer Support

TopOption has won awards, with one of the most recent being for excellent customer support. Currently, there are nine toll free numbers available in different countries all over Europe as well as in Australia for customer support. It is also possible to reach the customer support staff through live chats on the site, as well as through email.

This is a site that you can count on, as each client is covered with insurance worth €20,000. This means that in the event TopOption encounters financial problems, you will still be able to retrieve what is within your account. The safest CFD / Forexs trading is carried out with regulated brokers, and as TopOption complies with regulations from various countries, you can rest assured that your deposits and returns are safe.

TopOption Broker Review

As one of the first binary brokers on the market, TopOption appeared in 2008. Holding a CySEC regulation, their license number is 092/08.

To present this reliable broker to traders worldwide, we will point out the most important aspects in our TopOption broker review.

Their minimum deposit is among the lower ones and is $100. Minimum investment with TopOption broker is only $5 which is an affordable amount. The biggest amount possible to invest on a single trade is $4000.

TopOption also offers a bonus which can go all the way up to $5000 while maximum returns can reach 85%.

Traders can use these currencies to make the deposit GBP, EUR, USD, CAD and PLN.

TopOption does not accept traders from USA.

TopOption Trading Platform and Features

As we began the research for our TopOption broker review the first thing we looked at is their trading platform. We were delighted to discover they use SpotOption software which is the leading name in the software trading industry.

There is a fine assortment of trading options available with this broker:

  • High/Low
  • Speed-Master
  • One Touch
  • Touch/No Touch
  • Pro-Option

60 sec, 15 min, 30 min, 1h, 24h+ and End of the Day are all expiry times TopOption offers to traders.

More than 180 underlying assets can be traded. Those are sorted into the usual four categories of currencies, commodities, stocks and indices.

If traders wish to learn specific details in connection to assets, they can do so by consulting the Resources Center tab and looking into Asset Index.

Our TopOption broker review took us further and we also found out they have interesting and beneficial trading tools and features.

A true 21 st century trading tool, a mobile trading app, is a great trading tool available with TopOption. This is perfect for traders with busy lifestyles but who still wish to be as active as possible in binary options trading and exploit all the profit making opportunities as much as possible.

TopOption mobile app can be used on Apple and Android devices. To download this great tool traders worldwide can click on Mobile trading which is in Getting Started section located at the bottom of their trading platform. Once there they can select the way they want to download the mobile trading app.

With our TopOption broker review we also found some other interesting features – Double-Up and Rollover.

As the name implies, Double Up provides the opportunity for traders to double up their trade if they are certain that their trade stands a good chance to end in the money.

Rollover feature, on the other hand, may be used to prolong the expiry time if traders find that to be a good option.

Resource Center tab which is located at the very top of the trading platform, is a fantastic resource of education materials which contain asset index, FAQs, expiry rates, economic calendar and TopOption academy.

Another great instance of TopOption their multilingual platform which supports the astonishing list of languages which will certainly be very beneficial for traders around the world.

Languages supported by TopOption broker platform are, aside from English, Dutch, German, Italian, Chinese, Swedish, French, Slovakian, Romanian, Portuguese, Polish, Norwegian, Lithuanian, Hungarian, Greek, Czech, Bulgarian, Arabic, Spanish and Russian.

TopOption Trading Account Types

Offering various trading account types indicates a broker pays attention to details and traders’ needs. In providing a choice to registered binary options traders brokers are accounting for various needs of traders as well as their differing trading styles.

In our TopOption broker review we have confirmed they have three distinct account types for their traders.

TopOption Starter Account

  • minimum deposit – from $100
  • Welcome bonus – up to $250
  • No fees or commissions involved
  • Risk management tools included
  • Payout for each account level
  • Investor compensation fund
  • Custom-made stake sizes

TopOption Pro Account

  • Minimum deposit – from $1000
  • Welcome bonus – up to $500
  • No fees or commissions involved
  • STRATIGIX access available
  • Investor compensation fund
  • Account level payout
  • Tools for risk management included
  • Support available 24/5
  • Alerts and updates
  • 1-on-1 training introduction
  • E-video library
  • Custom-made stake sizes

TopOption VIP Account

  • Minimum deposit – from $5000
  • Welcome bonus – up to $2500
  • No fees or commissions involved
  • Investor compensation fund
  • Account level payout
  • Tools for risk management included
  • Assistance and support available 24/5
  • 1-on-1 training (per 3 hours)
  • Alerts and Updates
  • Account manager – specialist
  • E-video library – advanced
  • Professional trading platform – assess
  • Faunus Report available

TopOption Customer Support Service

TopOption also made sure their provide their global traders with a top-notch customer support service.

As part of our TopOption broker review we have tested their customer support agents and all our questions have been answered promptly and in a manner that was both friendly but professional too.

Global traders have several communication channels open to them and those include the quickest option which is live chat, email at [email protected] as well as a long list of phone numbers available.

Phone number are listed in their “Contact Us” tab and contains 18 phone numbers of countries around the world.

TopOption Banking Information

Varied and reliable payment methods are an important part of binary options trading process and as such is the integral part of our TopOption broker review.

With TopOption global traders are given several options when it comes to payment methods and those are:

  • Bank wire transfer
  • E-wallets: WebMoney
  • Credit cards: Delta, Visa, MasterCard and Diners Club

Since security is of essential importance, TopOption implements KYC policy when it comes to withdrawals.

That means that global traders have to submit copy of photo ID or copy of passport, credit card copy and proof of address (utility bill or something to that end).

Withdrawal process is initiated by sending the withdrawal request.

Once the request had been processed further seven business are usually necessary to the funds to be visible on the traders’ account.

There are no fees charged for withdrawal with TopOption.

TopOption Review

Overview

It is no longer advisable to open an account at Top Option. They use scrupulous sales tactics and sales funnels. From now on it’s on the blacklisted brokers or scam… more

Details

Broker TopOption
Website URL www.topoption.com
Founded 2020
Headquarters Cyprus
Support Types email, live chat, fax, phone
Languages English, French, German, Italian
Minimum 1st Deposit $100
Minimum Account Size $100
Minimum Trade Amount $10
Maximum Trade Amount $5,000
Bonus 100% up to $2500
Payout 81-89%
Free Demo Account Open Demo
Regulated
Regulation Regulated by CySEC
Fees
Fee Info No hidden fees or commissions, all costs are calculated in payout percentages
Commissions
Commission Info No hidden fees or commissions, all costs are calculated in payout percentages
Account Types demo account, real money account
Deposit Methods wire transfer, instant bank transfer, Skrill/Moneybookers, Neteller, local payment options as iDeal, Mr Cash and UnionPay
Withdrawal Methods wire transfer, instant bank transfer, Skrill/Moneybookers, Neteller, local payment options as iDeal, Mr Cash and UnionPay
Number of Assets 110+
Expiry Times vary from 60 seconds to end of trading week
Types of Assets Trade binary options on stocks, commodities, forex and indices
Option Types classic or normal binary options, one touch options, ladder options, high/low options
Trading Currency You can buy or sell options on all major and minor currency pairs including exotic ones like bitcoin/usd
Account Currency You can fund your TopOption account with any currency, these will be converted to the set currency in your user interface under ‘my account’.
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score 1

Full Review

It is no longer advisable to open an account at Top Option. They use scrupulous sales tactics and sales funnels. From now on it’s on the blacklisted brokers or scam brokers list on Choosebroker.com. Take a look at our top rated binary option broker IQ Option instead.

If you got scammed by them, please follow the process and file a complaint here.

March 2020: Three more FPA Traders Court guilty votes came in against this company. The FPA now considers TopOption to be a scam. The FPA recommends against placing money with Top Option. If you have money with this broker, the FPA recommends you try to withdraw it as soon as possible.

TopOption company information

TopOption is the binary option trading platform of the famous forex broker Markets.com. Founded in 2020 and based in Cyprus TopOption caters its binary option trading facilities around the globe for three years now without any scam history or real customer complaints.

TopOption features

TopOption is an unique binary options broker because they offer every binary option trader who has made a deposit of at least $100 a personal trainer who helps the binary option trader make more profit by teaching him/her binary option trading strategies and providing the trader with education material in the form of videos, ebooks and even homework! This is an ideal way to learn to trade binary options in your own pace and with capital or money you can afford.

TopOption trading platform

The easy to understand for new binary option traders TopOption trading platform is available on PC as a web trader and as a downloadable software. Binary option traders can also trade binary options using TopOption’s downloadable app in both the Appstore and Google Play on Android and iOS smartphones and tablets. When the trading signals function is enabled users can receive trade signals as notifications on their tablet or smartphone.

TopOption deposit & withdrawal

It is easy to deposit and deposit funds to and from your TopOption binary option trading account. Deposits can be made from as low as $100 via creditcard, wire transfer, instant bank transfer, Sofort, Paypal, Neteller and Skrill/Moneybookers. TopOption also offers local and country specific deposit and withdrawal methods like iDEAL in the Netherlands, MR. Cash in Belgium, Instant Banking in the UK and UnionPay in Asian countries. Withdrawals are cleared within 72 hours of withdrawal request to the same source as used as deposit method.

TopOption bonus & promotions

From time to time TopOption has deposit bonuses and promotions for it’s existing binary option traders. For new binary option traders TopOption offers a welcome or first deposit bonus of 100% up to $2,500. T&C apply for withdrawing bonus funds.

TopOption reliability

TopOption is a reliable binary option broker because it’s regulated by CySEC and it’s operated by the famous forex broker Markets.com. The same level of service and easy-to-use platform can be expected whilst trading binary options on TopOption’s binary trading platform. TopOption does not have any scam history and always pays out withdrawals within 72 hours after withdrawal request is made. TopOption is fully licensed and does not operate outside of its regulatory borders.

TopOption review conclusion

In my opinion TopOption is a solid binary option broker with a low minimum first deposit required of $100. Payout percentages on standard, classic or higher/lower binary options vary between 81 and 89% which is more than the industry average. The live market information and technical analysis tools turn this binary option broker from a simple binary option broker like all others to a special one where traders can actually evaluate their binary option trading and refine their binary option trading strategies. With a personal trainer and wide variety of education material TopOption is the ideal binary option broker for new binary option traders.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    1st Place! Best Binary Broker 2020!
    Best Choice for Beginners — Free Education + Free Demo Acc!
    Sign-up and Get Big Bonus:

  • Binomo
    Binomo

    2nd place! Good choice!

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