EmpireOption was founded in 2010 and operates in the Uruguay WTC Free Zone which makes it able to handle U.S. clients. It has won several awards including Best Binary Option Broker 2013 and is regulated as a legitimate business under Uruguay’s commerce code.
EmpireOption offers several account types. The Micro, with an initial investment of $200, provides weekly financial analysis and a basic instructional course. The Classic account requires a $500 investment and offers a daily financial analysis, the services of an account executive and an intermediate instructional course.
EmpirePlus can be started with a minimum deposit of $1000 and the Preferential account requires at least $5,000 to start and offers, in addition to all that the other accounts receive, the possibility to make a $1 minimum withdrawal. The EmpireVIP is the broker’s most exclusive account and must be funded with at least $30,000.
I was disappointed that only silver and gold accounts can access a demo account.
EmpireOption has a large portfolio of investment tools to ensure a full financial market experience. By offering the most profitable, simple and reliable alternatives as well as over 100 assets to choose from, they provide customers with a wide range of opportunities to fit every investor's profile and objectives.
There is a choice of different binary options. With short term options, investors can trade instantly, making the best out of short-term price changes and using volatility to reach a profitable position. 30, 60 and 120 seconds options are offered. These instant binary options are the best alternative for traders who want to increase the profitability of each trade, since they allow simultaneous trading in order to seize every possible chance provided by the market.
Long-term binary options are offered to those investors interested in pursuing solid and reliable trades as well as strategies that allow them to grow. This kind of binary option keeps it simple when it comes to predictions and it allows investors to trade within longer timeframes.
One Touch is an efficient and profitable tool for advanced and highly profitable trading. With this option, traders can place trades while markets are closed (for example, during weekends). One Touch allows a trader to seize every opportunity in order to make amazing profits --between 350% and 500%.
Pairs are the easiest way to have a direct and highly profitable participation within the financial market and allows traders to invest in the long term by reducing the risk.
The "iFollow" feature is their social feature. It enables traders to monitor the operations of the more than 500.000 EmpireOption's users and select those that make more money every day and then to place exactly the same operations that they place.
Also available for those with Plus, Preferential and EmpireVIP accounts is the Zulu Trade, one of the biggest social trading platforms available. With ZuluTrade, traders can follow and copy the best traders no matter what platform they are using.
The bonus at EmpireOption is pretty average, around 30% for any deposit. The amount grows as the amount of money in the account increases. EmpireOption offers additional incentives from time to time but when doing this review, they weren’t running any.
EmpireOption offers several instruments and special learning resources that they hope will help traders become experts in binary optionsby providing the knowledge they need in order to boost the profitability of their financial strategies.
They have developed different education tools, such as videos, online courses, tradebooks, web seminars and customized classes for traders on all levels of trading experience.
An exclusive tool provided by EmpireOption, the Stimulator gives investors the chance to predic how certain financial events will affect the value of different assets. Use this cutting edge tool to analyze strategies, planning trades and keep on growing as an investor.
Financial signals are provided which indicate the best buy/sell opportunities and predict prices' behavior. This tool helps traders make profits both in the medium and long term.
There are also customized classes given by an account executive who offer advice and strategies to improve a trader’s business plan and develop a successful portfolio.
Deposits to accounts are made via Money Bookers, Skrill, Payza, Credit or Debit Card and Wire Transfer. A minimum initial deposit of $100 is required and there are no commissions or fees on first deposits.
Withdrawals are based on the account from where it is coming. The Micro account has a minimum of $200, maximum of $500 and requires 20 trades in order to qualify for withdrawal. It takes 10 working days to process.
The Plus account has a ten trade requirement, a minimum withdrawal of $100 and a max of $3500. It takes 5 working days to process. Micro accounts take 10 working days to process. The VIP account requires only 5 trades and has no minimums, maximums or cost. Withdrawals are immediately processed.
Chat is available during working hours and is very responsive.
Traders can also reach a customer support representative via a New York telephone number.
There is also the possibility to write questions and concerns on a ‘support ticket.’
The website is available in English, Portuguese, Russian, Spanish, French and German.
One of the things that impressed me most about EmpireOption is the amount of information they include in the platform without making the whole thing complicated or difficult to understand. The wide choice of different trading accounts is appreciated. However I would have liked to see a choice of a second platform such as the MetaTrader 4 platform.
- Choice of Different Trading Accounts
- SpotOption Platform
- Social Trading via ZuluTrade
- Limited Demo Accounts
Review info: EmpireOption
Review Date: 2016-08-02
Rating : 4
Reviewed By : Sara Patterson