ASK Option Review
A rather new binary options broker has come on the scene. In this review, we are going to examine ASK Option. I will tell you about this binary options broker including their short history. I will dive into ASK Option’s terms and conditions with a close look at withdrawals and bonuses. I will also tell you if ASK Option offers a demo account and mobile trading. Lastly, I will offer my opinion if ASK Option is a scam.Visit Website
- United States traders are accepted
- Copy trading availability
- Only 2 languages
- Not licensed or regulated
Deposit & Withdrawal Methods
- Company:Peak Media Group Ltd
- Platform:Panda TS
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:$5
- 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 ASK option
About ASK Option
ASK Option is owned and operated by Peak Media Group Ltd who is located in London of the United Kingdom.
They offer investors the ability to trade in binary options with payoffs as high as 85%. ASK Option has assets and sends signals in currency pairs, stocks, commodities and indices, and traders can use high/low, range, one touch and hyper options in trading.
Another favorite feature at ASK Option is the copy trading. When traders discover another trader who seems to be making winning trades, they can simply tell the system to copy the trades of that person.
ASK Option utilizes the Panda TS trading platform.
ASK Option History
When we look at the ASK Option history, there just isn’t much to tell you. In 2015, Peak Media Group Ltd contracted with the makers of the Panda TS trading platform, and they started operations of the ASK Option website.
ASK Option Terms and Conditions
I always recommend that investors should always study a broker’s terms and conditions before creating an account with them. I decided to review the ASK Option terms and conditions. This is a portion of what I found:
- Only individuals 18 years of age or older can legally use the website
- ASK Option has the right to refuse service to anyone, for any reason
- The financial information on the ASK Option website is to not be construed as financial advice
This is just a small portion of the terms and conditions at ASK Option. Be wise and read them completely before creating an account.
ASK Option Withdrawal and Bonus Terms
When reviewing the withdrawal terms, I see that there is no charge for withdrawing by credit card, but a wire transfer incurs a $30 charge.
ASK Option requires that the trader supply them with identification documents before they process a withdrawal. These normally include a photo ID, a copy of a utility bill showing the investor’s name and address and a copy of the credit card used.
ASK Option says it can take up to 5 days to process a withdrawal request.
In regards to bonuses, traders will want to understand the stipulations before accepting any bonuses. With ASK Option, for a trader to be able to withdraw a bonus or any profits made while it was effective, they must make trades in the volume of 30 times the bonus amount. So, if you receive a $100 bonus, you will have to make trades equal to, or above $3,000 to be able to withdraw.
Most experienced investors decline bonuses for the volume reasons.
ASK Option Demo Account
ASK Option does not offer any type of demo account. They do offer a great amount of binary options trading educational resources.
ASK Option Mobile Trading
For those of you who like to use tablets or smartphones to trade, ASK Option does offer a mobile trading application. You can get it at the Apple App Store or the Google Playstore.
ASK Option Scam Watch
ASK Option is so new that I cannot find any complaints or for that matter, positive reviews in their favor.
They do run what seems to be a transparent binary options trading system, so I will not say they are a scam. I do believe that there are safer binary options trading possibilities. With ASK Option not being licensed or regulated, you have no protection if they do turn out to be a scam.
If you have traded through ASK Option, feel free to tell our readers your experience. If you have any complaints against ASK Option, be sure and use our complaint service to report it. Thank you.