500 Option Review
500 Option is a new binary options broker that we are going to provide a review on. 500 Option is a web based binary options trading platform, and is managed by Donald Swiss Services Ltd who is located in London.
In this review, I will tell you about 500 Option, including their short history. I will explain about some of 500 Option’s terms and conditions which will include withdrawals. I also will tell you if they offer a demo account and mobile trading availability. Lastly, I will provide my opinion on whether 500 Option is a scam.
We are not affiliated with 500 Option, so you are receiving a no bias review.Visit Website
- Popular Spot Option platform
- An excellent supply of binary options trading educational resources
- Not licensed
- U.S. Traders cannot trade with 500 Option
Deposit & Withdrawal Methods
- Company:500Option Group Ltd
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:$10
- Demo Credits:None
- High/Low, Pairs, One Touch, Ladder, Forex
- 30 sec, 60 sec, 90 sec, 2 min, 5 min, 15 min, 30 min, 45 min, 1 hour, End Of Day
- iPhone, iPad, Android
About 500 Option
500 Option is owned by 500Option Group Ltd. Who is based in Belize. Website operations and management are performed by Donald Swiss Services Ltd in London.
500 Option is a binary options trading broker that uses the newest version of the Spot Option platform. The web based system provides signals that allow you to trade in:
- One Touch
- 60 Second
- Long Term
- and more
500 Option offers their services in English and Arabic.
500 Option History
The 500 Option website was created in late 2014, and went live with trading in 2015. There is not much history to share since the system is so new in the binary option trading world. We do know that the main base of operations is in Belize, but 500 Option is managed by a London based Limited Liability Corporation.
500 Option Terms And Conditions
The wise trader always examines binary options brokers terms and conditions before creating an account. I looked at 500 Option’s terms, and I am sharing some of the most important ones:
- Account holders must be 18 or older
- It is the responsibility of the account holder to follow the trading laws of the country they reside in
- Upon registration, the trader must supply certain “Know Your Client” items. This may include a photo identification, proof of address, etc…
- 500 Option has the right to limit trades and trade amounts
- 500 Option has the right to refuse service for any reason
- Any financial information on the site is not meant to be taken as investment advice
These are just a few of the terms. Before signing up, we recommend you read them in their entirety.
500 Option Withdrawal and Bonus Terms and Conditions
500 Option requires that investors provide identification documents before the withdrawal can be initiated. Once these are supplied, the trader can request the withdrawal and 500 Option claims it will take up to 3 business days to process the withdrawal.
With any bonuses received, the trader must make 30 times the amount of the bonus in trades before he/she can withdraw the monies. This means that for every $1 in bonus, the trader would have to trade $30. This is why you should consider the situation closely before accepting any bonuses.
500 Option Demo Account
500 Option does not offer any type of demo account. The minimum deposit is $250 to begin trading, and trades can be as low as $10. 500 Option does have a good amount of binary options trading educational material. This can help you learn the ins and outs of binary options trading.
500 Option On Mobile
500 Option has a great mobile application so you can make trades while you are on the go. You can get their application from the Apple App Store or the Google Play Store. 500 Option also has a Facebook page.
500 Option Scam Watch
So, do I think 500 Option is a scam? Personally, I don’t believe so, but this binary options broker is so new, I have not found much in the way of results. They seem to be quite transparent and from what I see, their customer service is “top-notch.”
I will mention that CySEC has put a warning out on 500 Option. You must keep in mind that just because the Spot Option platform they use is CySEC licensed does not mean that 500 Option is licensed.
If you have used 500 Option as your broker, please share with us how everything has gone; especially withdrawals. You can do so in the comments section below.
We will keep a close eye on 500 Option. At this point, I won’t say it is a scam, but please be careful as they are quite new.