StartOptions Review
StartOptions Review
March 9, 2012StartOptions – Binary Options Broker
StartOptions Does Not Accept Trades from the USA
StartOptions places great emphasis on security. It was launched during 2009 and is considers by many to be a leading binary options broker.
StartOptions claims it turns to novice traders into experts. I don’t know about that, but their trading platform is definitely top notch, I’ll give them that. The brand is very well known to traders and recognized for its level of intuitiveness and ease of use.
They say they keep trading very simple, this is definitely true in the case of StartOptions.
StartOptions offers a wide range of financial assets: currencies, commodities, indices and stocks.
Languages:
The site is translated into 12 languages, including Spanish, Arabic, Italian, Portuguese or German. This means that the owners of this website are serious about doing business in a global multi-language economy.
StartOptions definitely provides a unique trading environment. The rate of return is extremely high and can reach up to 85% according to StartOptions management.
Furthermore, the technology employed by the broker ensures that transactions are swift and above all totally secure.
Withdrawals take up to 3 working days once the identity of the trader is verified and all relevant documentation is provided. The refund or reload bonuses are usually up to 10%.
Special Features:
- Financial forecasts sent daily by email
- Website translated into 12 languages
- Bonuses and promotions are on the higher scale
- Training for novice traders is provided
- No minimum withdrawal amount
- Minimum Deposit is $/€/£ 200.
- No software download is required.
Ease of Use
The website is clear and easy to understand. The navigation is very smooth.
Registration for the platform is simple. A video tutorial is even available for traders looking for a visual presentation.
The FAQ section is informative and touches a broad range of issues.
The StartOptions trading guide provides a clear explanation of binary options, and binary options trading.
Registered users benefit from a various extras that can be found in their account settings. They can quickly view their closed contracts, the open trades, banking history, bonuses and much more.
Range of Active Trades
StartOptions offers options on underlying assets for forex trading, indices, equities, and commodities.
Range of Expiration
In StartOptions the trade deadline expires on an hourly, daily, and weekly basis.
It’s possible to trade the same asset multiple times in an hour.
Effective Return
The effective return is the percentage of total returns offered on an option.
At StartOptions, actual return vary between 70 to 85%, this is one of the highest ROI’s in the market. This is a significant factor when selecting an online trading platform. Moreover, the returns on losses are around 10%.
No hidden fees are charged.
Language Support
The website is available in 12 languages.
Customer service is offered in English and French.
Site Extras
- The platform offers several interesting & innovative tools and features.
- Traders can see the result of their investments in real time, following the fluctuations of the assets due to market conditions.
- They are able to clearly trace the movements of their investments, while buying new options based on their positions.
- The site also offers a helpful video tutorial which demonstrates to novice traders on how to start buying options online.
Fees and Commissions
StartOptions does not have any hidden fees, charges, or commissions.
Investors are free to trade freely as much or as little as they wish.
Unlike many other platforms, withdrawals are also free of charge.
For withdrawals via bank transfer there is a service fee of $30.
Payment & Banking Options
StartOptions offers its customers the following payment options available to depositing traders: Bank transfer, Moneybookers, Visa and Mastercard.
Loyalty
StartOptions offers a variety of bonuses, promotions, and special offers.
An exceptionally high bonus ranging from 25 to 40% is given to new traders.
Promotions are offered regularly, as well as trips and other perks given to top traders.
Support Quality
The customer service is readily available by phone, email or chat.
Buyers can call a local number in their country of residence.
The response time for phone calls is fast and the service is polite and informative.
Conclusions and Recommendations:
On the overall StartOptions ranks quite high on all key parameters. Trading is easy and the return on trades is very high. The support was very prompt and courteous although their English was a bit strange; however this is very common these days with offshore operations. On the overall I would give them a score of 8.8/10.
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