Grand Option Review
Grand Option is another brand new binary options broker. Opening in 2014, Grand Option is owned and operated by the same company that manages the highly successful 24 Option, Rodeler Ltd. In this review of Grand Option, I will provide history, terms and conditions, and other information about this broker. I will also offer my opinion on whether Grand Option is a scam or not.Visit Website
- Licensed and regulated by CySEC, CONSOB, FMA and more
- Wide range of assets
- Trading contests with large prizes
- Very few time expire options on trades
- Does not allow United States traders
Grand Option Deposit & Withdrawal Methods
Grand Option Broker Information
- Company:Rodeler Ltd.
- Minimum Deposit:$250
- Minimum Withdrawal:
- Minimum Trade:$25
- 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 Grand Option
About Grand Option
Rodeler Ltd owns and operates Grand Option. You may recognize Rodeler since they are the same company that started 24 Option. Because of their good reputation, Grand Option was granted a CySEC license.
Grand Option operates on a Scipio platform which is similar to the Tech Financials platform. The website is wide and easy to use. Many first time binary options traders have found Grand Option a great broker in that it is easy to use and understand.
Grand Option also offers binary trading contests where the winner can win a large amount of money. This is an added benefit that many other binary options brokers do not have.
Grand Option History
Grand Option was started in 2014. Rodeler Ltd owns and operates Grand Option, and their main headquarters are in Cyprus. When Rodeler started Grand Option, this new binary options brokerage was granted a license from CySEC. Grand Option is also registered with CONSOB and FCA.
Grand Option Terms and Conditions
It is wise that every trader reads the complete terms and conditions before signing up with a binary options broker. As I review the terms and conditions of Grand Option, I find these to be some of the more important ones:
- Grand Option has the right to refuse the service to anyone for any reason.
- There are many statements about only using the trading platform in the way it was developed for.
- In registering, you must provide personal information.
- You must be 18+ years old.
- Phone calls between the company and client can be recorded.
- Traders can not use robots, spiders or any other automatic devices to make trades. All trades must be made manually.
These are just a few of the terms and conditions. Again, you should read them completely before agreeing to trade with Grand Option.
Grand Option Withdrawal and Bonus Terms
Grand Option agrees that they will process withdrawal requests within 5 working days. Withdrawals will be paid to the same location the deposit was made from. When a client receives a bonus, the client must make trades in the amount of 30, 40 or 50 times the bonus before he/she can withdraw. The percentage will be established when the bonus is provided. A trader should always consider this strongly before accepting a bonus.
Grand Option Demo Account
At this time, Grand Option does not offer a demo account. In the future they may start offering one, but not at this time. Grand Option does have a large amount of binary options trading educational resources. I recommend you take advantage of them.
Grand Option Scam Watch
There is no reason at all I would even consider Grand Option being a scam. This binary options broker is managed by a highly experienced and reputable company. Even though they are quite new, Grand Option has been licensed by CySEC. There have been very few scam artists who have attained a license from CySEC.
I will keep a close eye on Grand Option because they are so new in the binary options trading game, but I do feel safe in telling you that they are an efficiently managed broker.
If you have utilized the Grand Option platform, please tell us your experience. You can do so in the comments area at the end of this review.
Grand Option on Mobile
Grand Option has mobile versions of their trading platform. You can make trades on your smartphone or tablet no matter where you are. There is an application available for Apple iPhones at the Apple App Store, and there is also a free app available for android phones and tablets that can be attained at the Google Playstore.