UK Options Review – Read this Broker Review First
There is a binary options website that is quickly growing in popularity because they have a straightforward trading platform and a reputation of being reliable and trustworthy. Those are things that every binary options trader wants from there web broker. The site that does this is called UK options and it is a site that treats all members fairly despite their deposit size; that is really a breath of fresh air as far as binary options trading sites go. Read why and more about UK options in this review we did on them.
UK Options Overview
Broker Name: UK Options
Online since: 2013
Max Returns: 85%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: $1000
Currencies: USD, EUR, GBP
Countries: All excl. USA
UK Options Bonuses
Bonuses are available with this broker. They have a 40X trade volume minimum, on the bonus amount only, and some time restrictions as well, depending on which bonus you get. They offer first time deposit bonuses as well as risk-free-trades and other incentives. Unlike most CySEC brokers, this one does not permit withdrawal of any amount until the entire bonus terms have been met.
UK Options Withdrawal
Withdrawals are standard for the industry. The allow withdrawal to credit card, wire transfers and with eWallets. Supported eWallets include Skrill, Neteller, CashU and others. There are not withdrawals fees for credit cards or eWallets but each wire will cost you $25. Minimum for withdrawal is $100.
UKOptions Trading Account Types
UK Options has four types of trading accounts, which are defined by the deposit amount. These accounts also pull in varying features in terms of promotions and services to clients.
Beginner Account: This account type comes with an opening bonus of 50% of investment, one secure trade and an eBook. Traders also get educational material through email and routine trading signals. The minimum deposit amount for this kind of account is $1,000 or equivalent based on the account currency.
- Beginner Account: To open this kind of account you will have to deposit at least $1,000. The deposit bonus equals $500 and you will get a free feature – 1 trading signal per day.
- Experienced Account: This account type draws an opening bonus of up to $3,000 on the basis of deposit amount and comes with 3 secure trades. The minimum deposit amount for this kind of account is $5,000 or equivalent on the basis of account currency.
- Professional Account: For this kind of account, traders are needed to deposit a minimum of $10,000, upon which they get up to $7,000 in starting bonus.
- VIP Account: It needs a minimum deposit of $50,000, which comes packaged with up to $30,000 worth of deposit bonus.
What we always advice new traders to do is carefully read the broker’s terms and conditions, before accepting any bonuses. Note that traders who are given a bonus are not able to withdraw their funds from their accounts unless they trade 40 times the value received.
UKoptions Support and Services
Support features are quite standard on UK options but done quite well nonetheless. They conveniently display a web for with e-mail address and live chat is available too. Live chat is always a great option for traders to get their problems and concerns handled quickly. There are also dedicated phone options available for those traders from South Africa, Australia, Germany, Canada, New Zealand and the UK.
They get overall high markets for the quality of the support that was received by us. When we used live chat they made themselves available online very quickly and answered our questions and concerns easily and in a satisfactory manner. We were very satisfied here but also felt and improved FAQ section could eliminate the need to get in touch with customer service as often as necessary but it’s comforting knowing they will be there when you need them.
− Uses the popular SpotOptions trading platform software
− Has a low minimum investment trading requirement
− FOREX trading support
− High signup bonuses can be obtained
− They have segregated account types
− Great education center
− Account services do not change by deposit level so even small traders have full access to the sites many features
− A short list of currency pairs
Customer Service: Live Chat / Email: firstname.lastname@example.org
Trading Options: High / Low, One Touch, 60seconds, Long Term, Pair Options, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 30 sec, 60 sec, 2min, 15 min, 30 min, 1 hr, 24 hr+, End of Month, 150 days
Deposits and Withdrawals: Visa, Mastercard, Amex, Bank Wire, Skrill Moneybookers, CashU, Maestro, Visa Electron, Neteller
Withdrawal Time: 3 bank days
Demo account: No