Estimated reading time: 4 minutes
As the binary options trading industry has grown and developed, many of the older platforms have shut down or consolidated in order to keep up with the changing times. At the same time, new and innovative companies have also sprung up within this industry.
One such firm is Option888, a premium binary options trading platform founded in 2014. Option888 combines a team with years of online experience with the latest technology in an attempt to bring traders the best possible binary trading platform. A few things that really sets the broker apart is that they offer in total 7 languages on their website, customer support and brokers that are available to your assistance. Furthermore, Option888 has become one of the leading brokers in Scandinavia offering the trading accounts in SEK, NOK and DKK together with a large team of Scandinavian personnel. Lastly, Option888 processes and approves all withdrawal requests that are done before 18:00, which is totally unheard of in the binary options segment and makes them totally unique.
Option888 offers well over 200 different assets for trade. These include stocks, commodities, indices, and most of the major Forex currency pairs. This diverse list of assets ensures that Option888 will have something to offer to nearly any trader. The trading platform is available in many different languages, allowing traders from all over the world to easily make use of it.
The return on investment for a successful trade executed on Option888 is anywhere from 65% to 81%, depending upon the trade. Of course, this amount of return is much higher than the profit potential from trades in almost any other market. Any trade in traditional markets that carried such a potential for profit would also come with an excessive level of risk. For that reason, Option888 is a great platform for traders who want a higher return than stocks and commodities markets can earn at reasonable risk levels.
The Option888 platform requires a minimum trade amount of $10, and sets its maximum trade at $1000. This may seem unusual, as most binary options trading platforms allow larger trades. However, Option888’s maximum trade amount helps traders to manage overall risk more effectively. Obviously, more than one position may be opened at a time, so the maximum single trade amount does not negatively impact major traders. It can, however, keep less experienced traders in a risk range that is acceptable.
As part of this risk management program, Option888 also places a maximum account deposit of $10,000 on all traders. Again, while this may seem like an inconvenience on the surface, it is an effective method used to help traders manage risk. Of course, funds may be added to or withdrawn from an Option888 account easily at any time, so the $5,000 limit only helps to keep undue amounts of liquid capital from being added to an account at any one moment in time.
Expiry times on the Option888 platform can range from 15 minutes on the low end to 6 hours on the high. This gives traders with less aggressive trading styles the ability to take longer term positions. The shorter expiry trades, of course, will better suit more aggressive traders.
Opening an account with Option888 is as simple as filling out some basic infomation and confirming your email address. In order for your account to be approved for live trading, traders must make a required minimum deposit of $250, or a currency equivalent. Identity verification is also required before any withdrawals can be made from a trading account.
When a new trader signs up, Option888 offers a one-time bonus in the form of a 100% match of the initial deposit. This offer is good for up to a $888 total bonus. After signing up, traders with little market experience can also take several free courses in binary options trading that will help them to trade well right out of the gate. More experienced traders can also take advantage of several excellent market analysis tools that can help them to find pricing trends in certain assets.
Deposits and Withdrawals
Deposits made to an Option888 account can be made through credit card, bank transfer, or via Skrill deposit. Traders who are making deposits via bank transfer are required to make minimum deposits of $500, as opposed to the normal $250 minimum. The US Dollar, British Pound Sterling and the Euro are all supported through the platform, as well the Scandinavian currencies SEK, DKK and NOK which is very rare for a broker. Refreshingly, there is no minimum withdrawal amount through Option888. Unlike many other binary trading platforms, Option888 allows traders to withdraw any amount from their accounts, no matter how small.
****One aspect that truly sets Option888 apart from other brokers, is that all the withdrawals that you make as a broker before 18:00, will be approved and processed the same day!***
Option888 is one of the best new binary options trading platforms in the industry at the moment. Combining an amazingly diverse range of assets with generous profits and signup bonuses, the platform has something to offer to traders of any experience level. It also holds a noticeable edge over several of its competitors in that it does not require any kind of minimum withdrawal amount. The platform is set up in a manner that helps traders manage their risk effectively, and also makes trading fast and easy. Overall, it is an impressive new platform, and is well worth a look for anyone who is looking to get into binary options trading.
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