- Max. Bonus: $10,000
- Max. Returns: 80%
- Min. Investment: $50
Binary option trading is a way of earning good returns on investment. But it is important to select the right trading platform so that you get higher payouts, platform is safe and simple to use. In the following sections we will do a Grandoption review to check the features provided by Grandoption binary options brokers and the benefits of using their services.
Why use Grandoption options trading?
You should be using Grandoption options trading since they provide higher payouts as well as initial amount need to open an account is quite low. You can also trade with $25 per trade which many of the other trading platforms do not allow. The other good thing is that they have provided plenty of reference material on their website which can be very useful for beginners to learn the trading strategies.
Are Grandoption Binary Options Legal?
According to law brokers can only provide their services according to regulations specified by a government institution. As brokers, Grandoption follows Nadex regulations. We would also like to mention here that Nadex functions as per CFTC norms. Thus Grandoption binary trading is totally legal.
Following an OCC recommendation in 2007 to allow binary trading, it was made into law in the year 2008 and got approval from SEC. by late June, 2008 listing started for binary options in CBOE following the inception of binary trading in USSE in May 2008.
Advantage of Trading at Grandoption
- The best thing about trading Grandoption binary options is that before trading starts you are aware of returns you can expect to earn, you can purchase any financial product and trading can be done in all directions like Up/Call or Down/Put.
- At Grandoption you can start with low investment of $25 in any trade with only $250 required to open an account.
- The other advantage is that you can trading in any market like commodities, indices to forex and select various asset classes as required.
- There are no spreads which means you are able to decide amount to invest since pricing is not fixed for any option.
- It is seen that leveraging often results in greater losses for an investor but as Grandoption binary trading does not allow leveraging, risk of losses is very low.
Benefits of Trading at Grandoption
- Pre-determined payouts which reduce risk exposure.
- Simple trading platform where you have to figure out directional movement of asset prices.
- Useful for hedging trading positions as well as investment portfolio.
- You can select expiry period for contracts to be of short duration and perform trading more frequently.
- You can trade 24×7 at Grandoption and utilize reference material to trade correctly.
Disadvantages of Trading at Grandoption
- As with most trading platforms, if you are not able to predict prices correctly then chances of losing money are higher.
- If market trends are not studied properly before trade decisions are taken then trader can have to bear the negative effects of price fluctuations.
What are the accepted currencies at Grandoption?
The following are the accepted currencies at Grandoption:
- $ USD
- € EUR
- ¥ JPY
- £ GBP
Deposit & Withdrawal Methods
At Grandoption you can deposit funds by using any of the following credit cards:
- Visa Electron
- Diners Club
- Visa Delta
- Visa co-branded cards
- MasterCard Debit
- Maestro International
- Carte Bleue
Apart from these credit cards, deposit can also be made using bank transfer or MoneyBookers.
Similarly, for withdrawals you just need to login t your account and go to the banking section where withdrawal option is present. You will have to specify the withdrawal amount, which will be transferred to your bank account.
Bonuses from Grandoption?
Grandoption provides bonus of 300% in a special section in your account named High Yield. In this section only those binary options are listed which provide highest payouts.
Trade able Assets
Trade able assets at Grandoption range from commodities, indices to forex so that you have full freedom to trade in any assets you want.
Minimum and Maximum trading amount
At Grandoption, minimum trading amount is $25 while maximum is $20,000.
Minimum and Maximum Returns at Grandoption?
There is no minimum withdrawal limit in case funds are withdrawn to a credit card or MoneyBookers. In case of bank transfer the minimum amounts are:
- USD Account: $100
- EUR Account: €100
- GBP Account: £100
- JPY Account: ¥100,000
|US Clients Accepted||No|
|Telephone Number||+357 2 526 2770|
|Fax Number||+357 2 503 0917|
|Deposit Options||Credit Cards, Money Bookers, Wire Transfer, Neteller, WebMoney, Qiwi, Ideal, Sofort, CashU, Perfect Money, Paysafe Card, CUP, Astro Pay, Moneta, Sofort, Giropay, Neo Surf, Ban k Link, Teleiningres, Ticket Surf, Multibanco, Mister Cash, EU Teller, EPS , OKPAY|
|Withdrawal Options||Credit Cards, Wire Transfer, Money Bookers, Neteller, Perfect Money, Cash U, CUP, Qiwi, Webmoney, Moneta , OKPAY|
|Platform Languages||English, French, Italian, Turkish, Russian|
|OS Compatibility||Mac, Windows, Mobile, Web, Ipad, Iphone ,Android|
|Streaming News Feed||No|
|Customer Support Languages||English, French, Turkish, Russian|
|Customer Service Hours||24/7|
|Place Trades Over the Phone?||No|
|Bonuses & Rewards|
|No Deposit Bonus||–|
|Bonus for First Deposit||Yes|
|Is the Bonus Based on the Volume of the Transaction?||Yes|