Binary Options have become very much popular among traders. There are many binary brokers operating online. You can get to know about the trustworthy and regulated binary brokers, if you… more

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Broker Magnum Options
Website URL www.magnumoptions.com
Headquarters 1A, Arcade House Temple Fortune, London NW11 7TL, UK
Support Number 0 800 680 0683
Support Types Live Chat, Phone, Contact Form, E-mail
Minimum 1st Deposit $200
Minimum Trade Amount $5
Bonus 100%
Payout 81%
Free Demo Account Open Demo
Account Types Standard Account, Premium Account, Executive Account, Magnum Elite
Deposit Methods Credit/Debit Cards, Bank Wire, CashU
Withdrawal Methods Credit/Debit Cards, Bank Wire, CashU
Number of Assets 100+
Account Currency USD, EUR, GBP, AUD, CAD
US Traders Allowed No
Overall Score 8.0

Full Review

Binary Options have become very much popular among traders. There are many binary brokers operating online. You can get to know about the trustworthy and regulated binary brokers, if you go through the reviews about the best brokers online. One of these binary options brokers is Magnum Option. According to the reviews, this binary broker is regulated and legitimate. Magnum Option  was found in 2014. The headquarters of the brokers is located in Cyprus. This broker is legitimate and is licensed under CySec so it is purely reliable. Traders from all over the world are welcomed to access this brokerage platform. It supports all of the web browsers. Magnum Option is offering 85 assets to trade in. The deposit currencies that are provided to the traders are US Dollar, Japanese Yen, Euro and the British Pound. The account funding can be done through several services. These include Visa, Mastercard, Bank Wire, Diners Club. The markets that are associated with CherryTradeh are the commodities, Forex pairs, stocks and indices. The domicile of Magnum Option is under the Cyprus (EU member).

Magnum Option Developing an Account

Trading at Magnum Option is very much easy. First of all you have to open an account.  The trader has to provide his or her basic information and the account details. The minimum deposit amount is $100. You can use the wire transfer medium of credit card for this purpose. Then the trader has to choose the currency. Remember that, the currency you have selected would be utilized for both the withdrawal and deposit times.

Magnum Option Bonuses and Returns

Whenever a new account is opened, the traders are offered up to $5,000 welcome bonus for the first deposit. The traders then have to choose from the 85 number assets that are provided by this broker.  At Magnum Option, SpotOtpion platform is used.  The traders can get a maximum payout up to 85% and the maximum out the money return would be about 15%. The maximum amount of transaction for the trader is $4,000 and the minimum amount is said to be $10.

Magnum Option Trading Facilities

Like other known binary brokers Magnum Option is also providing the traders with the 60 Seconds and the Option Pro (Meta Charts) options.  The best thing about this binary broker is that the traders can avail a hand full trading options to select. Magnum Option offers the traders with High and Low Binary Options, OneTouch binary options, the Binary Option Builder, Sell Options and some other long term binary options. The lock out duration is from 3 minutes and the option frequency comes every 15 minutes. The roll over and early closure features are also offered.

The withdrawals made at Magnum Option are up to date.  The withdrawals processing time is almost 4 days. After this duration, the money arrives in the bank. It depends upon you which withdrawal method you opt for. Most of the time the traders use the eWallet options in order to get the money.

Is Magnum Option Top Binary Options Broker?

The online reviews about Magnum Option Binary broker say it all. This binary broker has been in business for a small time period, but due to its legitimate and satisfactory services associated with it, many traders are happy and contented with it. Being a regulated binary broker, there is no leaking of the personal and confidential information of the client. You can access this binary options platform from anywhere in the world using the internet.  If you have any kind of problem or you want to know about the trading techniques the representatives of Magnum Option are there to guide the traders. It certainly is known to be the top binary options broker.

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