• YEAR OF FOUNDATION: 2011
  • HEADQUATERS: Zypern
  • LANGUAGES: English, German...
  • SUPPORT: E-Mail, Live Chat, Hotline
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TopOption Review

 

TopOption are one of the best connected brokerage firms on the internet, they are part of the markets.com family of companies and as such benefit from a wealth of expertise. Launched in 2012, and based in Cypress, TopOption were one of the first brokers to be regulated by the Cyprus Securities and Exchange Commission(CySEC).

5 reasons for TopOption

  • Returns of up to 85%
  • Platform is extremely user-friendly
  • Low minimum deposits accepted
  • Free demo account
  • Wide selection of options


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What’s it like to invest with TopOption

The deceptively simple homepage and platform conceal a wealth of different trading opportunities, and a solid customer support base. TopOption allocate an account manager to every investor who becomes a member, whether they choose the Starter, Pro or VIP version.

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Asset types at TopOption

One of the most attractive elements of the platform, for more seasoned traders, is the good range of assets they can choose from. There are more than 180 underlying assets, including 15 indices, 8 commodities, 12 currencies and 17 shares. Amongst this collection are some of the world’s most popular currencies, stocks, and commodities. These include relatively stable options like; Google, Gold, Apple, the NASDAQ and Coca-Cola. This level of variety ensures that anyone can find an asset they feel comfortable using and invest with confidence.

 

Are there any special functions to look out for?

One of the most interesting features at TopOption is Pair Trading, which varies slightly from a normal binary option. In Pair Trading the investor has to forecast how a particular asset will perform in relation to another. This feature is available for most of the assets on the platform and offers impressive potential profits.

 

How responsive is the platform?

topoption mobilWith TopOption, there is no need to download any software before trading on the platform, instead it’s possible to begin work right from a browser. This makes the initial set up very convenient and speeds up the process considerably. It’s a case of registering, paying the deposit and looking for a trade.

The interface is not aimed at any one type of investor, instead it’s an accessible resource that will suit the needs of newcomers and more rounded users. Navigation is intuitive, with features clearly labelled and easy to identify.

With binary options, account holders can just select an asset, then click to confirm their prediction, either up or down, then choose a period of time. The platform can be used on mobile devices (without downloading the app) or on the full webpage.

Many traders enjoy mobile because they can be sure of never missing a trick, the mobile platform at TopOption is secure and has been developed for swift transactions. The full web version is very similar but delivers a slightly higher degree of flexibility and more ways of trading. There are also tools, like the History Graph, See Option, Roll Over and Double Up which can be used to cut losses and manage risk more effectively. 

 

Is there a TopOption app?

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The TopOption app is offered in addition to their mobile trading and web platforms. It’s a helpful feature for people who want to watch the markets from wherever they are in the world and is available for anyone who is registered with TopOption. Download it from the App Store for IOS devices, or Google Play for Android devices.

Once it’s installed the app will work with underlying assets from their indices, currencies, commodities and stocks selection. It provides a range of functions, including Trade on the Go, where users can access their account and earn a hefty 85% payout from any location. 60 Second trading is another popular feature of the app, it’s a short term trade option, ideal for when people are keen to trade, but time is short. The app also grants users access to their full account, to manage their investments, they just need to click My Account. If app users choose to opt in, they will also receive notifications from the app regarding the markets.

 

What durations are available at TopOption?

TopOption has gathered together some of the best features of other broker sites, in one place. Customers can choose from One Touch, Long Term, Meta Charts, 60 Second and Pair Options, along with Option Builder and Option Pro. Most of these are familiar, but some are less common.

Meta Charts are delivered to TopOption traders through a small software package. Once this is installed, it enables them to develop and nurture a personal trading program, which analyses the market and places automatic wagers. It’s completely free, but currently can only be used for FOREX options.

The Option Builder feature is a more exotic way of letting customers pick out a specific option and asset to create a bespoke trading experience. This is always popular with professional traders as it gives them the opportunity to trade in a way that offers regular wins.

 

Is there a TopOption demo account?

topoption howTopOption have created an academy where beginners can browse through a wide range of resources, each designed to improve their understanding of binary options trading. They can go for video tutorials, one on one lessons, eBooks, and webinars. Alongside this helpful set of educational tools, TopOption have another learning aid – their demo account. This is one of the most well-subscribed areas of the platform, with traders maximising their skills and gaining a deeper understanding of how the platform works, before depositing any money.

The demo account at TopOption opens with a healthy balance of £10000; however, traders need to open a full account in order to use the demo version. By opening a Starter account, and depositing the minimum of £100, the demo will be available for three days. The two more advanced accounts, which demand a £300 deposit, provide access to the demo version for five days.

The demo account is an entirely risk free environment, but the virtual money used means that traders gain an insight into the way their actual funds could be boosted or drained by their choices. Even in this early stage, investors are entitled to the help of an account manager if they have any questions about the demo account or how to use it.

 

What bonuses exist for new customers at TopOption?

Customers who make an initial deposit of between £200 and £499 with TopOption will earn a welcome bonus of 50%. For initial deposits of £500 and above, that leaps to 100%.

However, the bonus cannot exceed £5000. Once traders have settled in to their TopOption account and make regular deposits, other incentives become available. These could come in the form of regular training sessions, bonuses for high deposits (of over £1000) and out of hours live support. 

 

How to make payments and request withdrawals at TopOption

To make a deposit, investors can use credit cards, like; MasterCard, Diners Club or Visa, or the Webmoney online payment system, or a fast bank transfer which transfers funds into an account holder's local currency to save on conversion costs.

They offer one free withdrawal per month, but if traders need to make additional withdrawals these will be charged at £25. The monies requested can be paid back to a credit card which is linked to the account and has the same customer name - this takes up to 24 hours. It can also be completed via bank transfer, which takes up to 4 working days. 

 

Contacting the customer services team at TopOption

Customer service is a major part of the TopOption experience and they deliver this support in many languages; Polish, Spanish, English, French, German, Swedish, Chinese, Italian and Dutch speakers can all get help in their native tongue. This is a great indication that TopOption are willing to make an extra effort for their customers, wherever they happen to be. It is possible to contact them by phone from Europe and the rest of the world using one of the local numbers provided, alternatively the email address is This email address is being protected from spambots. You need JavaScript enabled to view it..

 

Are TopOption regulated and secured?

TopOption is one of the trusted binary options brokers which are licensed and regulated by CySEC. This affiliation means that the company are compelled to abide by certain laws in relation to their business practices, and also in how they manage their client’s funds. It obliges TopOption to use one account for their own financial dealings and one for that of their clients. On top of these legal obligations, TopOption also make public, information about where their banking takes place; their accounts are currently held with some of the best regarded banks in the UK, Germany and Switzerland.