Allday Options Review
We are taking a look at a somewhat new binary options broker called Allday Options. In this review, I will tell you all I can find about the broker. I will examine their terms and conditions, with a close look at withdrawal and bonus terms. I will also tell you if Allday Options offers a demo account and mobile trading. Last but not least, I will give my opinion if Allday Options is a scam.Visit Website
- Uses the Spot Option trading platform
- A wide range of economic news available
- Many withdrawal complaints
- Not licensed or regulated
Deposit & Withdrawal Methods
- Company:Gold Horizon Ltd
- Incorporated:St Vincent
- Platform:Spot Option
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:
- Demo Credits:
- 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 Allday Options
Allday Options is a binary options broker owned by Gold Horizon Ltd located in St Vincent and the Grenadines. Operating with the popular Spot Option trading platform, Allday Options provides signals in stocks, indices, currency pairs and commodities. Traders can choose from a variety of expiry times and methods of binary options trading.
Allday Options History
When I look into the Allday Options history, I discovered that the website was bought in 2009. From what I can tell, the Spot Option platform, and complete binary options trading truly began in October of 2015. So, they are considered a rookie broker.
One thing I will mention is that the previous broker, Every Option had many issues and supposedly they integrated with Allday Options. But, withdrawals from Every Option have not been processed and there are a lot of upset investors.
Allday Options Terms and Conditions
As always, I recommend that prospective investors read and understand a broker’s terms and conditions before they create an account. I decided to take a close look at the terms and conditions at Allday Options. Some of what I found is:
- It is only available to people 18 or older.
- It is your responsibility to abide by the binary options trading regulations of the country you reside in.
- Financial information on the website is not to be construed as advice.
I see that the terms on the Allday Options website are quite lacking in many areas. I suggest you read them too, and if you have any questions, ask their service department before signing up.
Allday Options Withdrawal and Bonus Terms
Allday Options claims that investors should send in compliance documents at the creation of their account. If they have been sent, it will make withdrawals quick. These include a copy of your photo ID, a copy of a utility bill or bank statement showing your name and address and a copy of the credit card you used to deposit.
If these are all in the hands of Allday Options, you can request a withdrawal. There is no charge for credit card withdrawals, but bank wires incur a charge of $25. Allday Option will process that withdrawal within 3 business days.
With bonuses, I suggest you consider the terms before accepting a bonus from Allday Options. To withdraw that bonus and any profits gained, the investor must make trades equal to, or above 40 times the bonus amount. So, if you received a $100 bonus, you would have to trade a volume of $4,000 before you could withdraw that bonus and profits.
Allday Options Demo Account
Allday Options does not offer any type of demo account. They do offer a comprehensive binary options trading education center.
Allday Options Mobile
As hard as I search, I cannot find any mobile applications for Allday Options. This is something they may want to get working, as many traders do use smartphones and tablets.
Allday Options Scam Watch
Here is where I feel I need to offer a strict warning. I will not state absolutely that Allday Options is a scam, but Every Option shut down their seemingly scam binary options brokerage, and Allday Options took their clients. I question that move, and many traders wonder if one scam didn’t just change their name to become another scam.
Allday Option is not licensed or regulated, and I don’t find where they have even attempted to gain regulation. They have had quite a few withdrawal complaints in just 6 months time.
I suggest you bypass this broker and find a reputable binary options broker.
If you have traded with Allday Options, please share your experience. We would especially like to know how withdrawals were for you.
If you have any complaints against this broker, be sure and visit our complaints area. You can find it in the tabs at the top of this page.