Editor’s Verdict
Overview
Review
Headquarters | United Kingdom |
|---|---|
Year Established | 2014 |
Execution Type(s) | Binary Options |
Minimum Deposit | $250 |
Islamic Account | |
Signals | |
US Persons Accepted? | |
Managed Accounts |
AAoption is headquartered in London, UK and is a leading binary options trading platform offering options and trading tools that are used by private and institutional investors worldwide. AAoption is the recipient of several awards and was listed as one of the top five best binary option brokers in 2014.
AAoption uses some of the most updated and advanced technologies and their website is user-friendly. The site is offered in English, Arabic, French, German and Spanish.
Accounts
There are several accounts to choose from at AAoption—the Mini, Silver, Gold and Premium. Opening any of these accounts receives an initial trading bonus starting at 50% of the deposit in the Mini account and going up to 85% in the Premium account. All the accounts use the broker’s automated trading system-ATS, and most of them benefit from a personal broker and a training account. In addition, Gold and Premium account holders can set up a managed account and receive daily trading signals.
$1,000 is the maximum investment allowed.
The minimum deposit in an account at AAoption is $250 and the maximum deposit depends on the deposit method: $5000 is required if deposited by credit card, $10,000 if transferred by Western Union. There is no maximum for wire transfers and for other payment plans such as Neteller, the minimum deposit varies. The minimum withdrawal is $100.
There is no demo account.
Features
AAoption uses the SpotOption Platform and offers many trading options. These are listed on the home page along with clear graphs showing the live performance of each option. A more detailed description of each option can be found by simply clicking on the option tab at the top of the section.
There is also a mobile app for trading with AAoption from anywhere and at any time. The mobile app can be downloaded from Apple Store or Google Play and can be used on iPhones, tablets, androids and most other mobile devices.
Traders can choose among a wide choice of assets including the major currency pairs, commodities, indices and equities. A detailed list of all the available assets, their description, expiry times, symbol and trading hours is presented in the Asset Index located at the bottom of the homepage.
Deposits/Withdrawals
AAoption accepts payments through various methods including credit card, debit card, wire transfer, Carte Bleue or Neteller. VISA, MASTERCARD, Carte Bleue, or MAESTRO are the credit cards of choice. The lowest amount of payment by credit card/online wallet is $250.
Bonuses
At the time of this review, a welcome bonus of up to $3000 was being offered upon registration. In addition, traders opening any one of the four different trading accounts receive a deposit bonus starting at 50% in the Mini account and going up to 85% in the Premium account.
Education
The team at AAoption believes that knowledge is profit and traders can benefit from this ideal by accessing the educational material offered through the AAoption Academy.
At the Academy, AAoption offers video courses for beginners and more experienced traders. The courses teach the basics regarding strategies, trend analysis, and market prediction as well as simple trading tools and trading techniques. The courses can be viewed at the trader’s convenience.
The Academy also offers video courses on more advanced trading techniques and updated trends and strategies. Once a trader becomes more experienced he can use these videos to sharpen their existing binary options knowledge and skills. An account manager, which is assigned to each trader when an account has been opened, is ready and able to review the concepts learned in these videos and how to turn this knowledge into success.
In addition to the wide selection of videos, AAoption offers easily downloadable eBooks which contain a glossary and FAQs about all areas of binary options trading.
AAoption presents a daily market review. The information is clear and readable but when doing this AAoption review, the last posted update was almost a week old.
Through the broker's partnership with feeds provider, Reuters, traders receive live and accurate data streams, real time market price, and option prices.
I understand that there used to be an economic calendar but at the time of this review, there was none on the site.
The FAQ section on the website is informative and provides clear answers to questions on how to open an account, how to transfer money for deposits in an account, what the AAoption platform offers and the different customer support options.
Customer Support
Customer Support Methods |   |
|---|---|
Support Hours | 24/7 |
Website Languages |      |
Customer Support is available at AAoption 24/7 via email and by telephone to six English-speaking locations worldwide. Traders can use phone numbers that have localized versions for New Zealand, Australia, Norway, South Africa, Canada and UK. They can also use mail and live chat to contact the help desk.
Conclusion
As a recent entry in the binary options arena, AAoption provides traders with most of the features needed for an enjoyable trading experience. The Academy offerings are informative and the choice of accounts is commendable. But there is scant information about the broker itself and in addition to not having proper regulation this may be somewhat off-putting for would-be clients.
Features
Features are always key to attracting new traders and brokers try to offer as many features as possible. AAoption is well equipped to satisfy both novice and experienced traders and has won several awards over the years for their responsive customer support and excellent service.
Trading Platform
Automated Trading | |
|---|---|
Guaranteed Stop Loss | |
Scalping | |
Hedging | |
OCO Orders | |
Interest on Margin |
Platforms
The AAoption binary options trading platform is one of the richest experiences in the industry with almost any binary option type available for trading.
SpotOption Platform
AAoption uses the reliable SpotOption binary options trading solution which means that all trading takes place inside the browser window. The SpotOption uses modern technology that enables easy trading and quick execution.
Of the binary options types supported, as mentioned in AAoption review, there are really many possibilities to trade. The platform makes it possible to trade high/low, pairs, long term options, one touch, ladder, Forex and AAFollow systems. With most of the binary options types traders are familiar, but most interesting for us is the AAFollow which makes it possible for traders to engage in social trading by following best traders and copying their moves.
Live graphs for each option is shown on the landing page of the website and a full description of the different options is available by clicking on the tab at the top of the first graph. Selecting the One Touch Binary gives traders the opportunity to make up to 500% on an investment, by reaching the specific set price that was designated for the asset.
The asset list of the broker is somewhat of a disappointment with only 13 currencies, 19 stocks, 7 commodities and 20 indices to choose from but the other features of the platform make up for this deficiency.
AAoption doesn’t operate under any accepted regulatory authority but SpotOption’s reputation is long standing and provides the necessary trust and security needed by binary option traders.
