Magnum Options Review
Magnum Options is one of the newest and most innovative binary options brokers on the market. As many traders have quickly discovered, the company is thoroughly committed to delivering a high-tech, top of the range service with the most user-friendly trading experience possible.Visit Website
- USA traders accepted
- No Financial License
MagnumOptions Deposit & Withdrawal Methods
MagnumOptions Broker Information
- Minimum Deposit:
- 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
Magnum Options’ platform has one of the sleekest user interfaces around. Featuring SpotOption’s cutting-edge technology, traders have access to an industry-recognised platform backed by a team of experienced account management and customer services professionals. Traders can therefore feel confident that they are dealing with a completely reliable broker. Magnum Options offers over 150 tradable assets including a combination of stocks, indices, commodities and currencies for traders to choose from offering payouts of up to 81%. They also pay back 10% of the invested amount even if the option expires out-of-the-money ensuring that traders can make the most profit possible.
Magnum Options is known for giving its users the very best service in every way and is commended for its reliability and strong customer support. After opening an account, traders receive access to a team of account managers who are always on hand to answer their questions. Magnum Options’ dependable customer support is available 24/7 via phone, live chat or email.
With its state-of-the-art platform, huge asset selection, 24/7 customer support and outstanding educational resources including free e-books, tutorials and market reports, it is not surprising that Magnum Options has become the binary options broker of choice for many traders. Magnum Options is recommended for traders of all levels and with an experienced team of bilingual experts to assist its clients every step of the way, it is clear to see why the company has acquired a solid reputation with traders across the world in a very short period of time.
Magnum Options History
Magnum Options launched in 2013 and is owned by Redtulips Consultants Ltd, London, United Kingdom. In the two years since its inception, the company has gained a stronghold in the binary options market, offering a quality service to traders across the globe. Magnum Options provides traders with bonuses and other promotions making it more interesting and profitable for them to trade. Since the company was established, it has worked hard on developing an overall trading package which has earned it a strong reputation in the trading industry. Magnum Options is as yet, an unregulated binary options broker.
Magnum Options Bonus Terms & Conditions
Magnum Options offers a range of attractive reward features including cash promotions, one time training credits and refer-a-friend bonuses to its new and regular customers. These are all part of Magnum Options’ promotions program. All bonuses are subject to terms and conditions. Traders who choose to accept a bonus are required to execute trades to the value of of 30, 40 or 50 times the bonus, depending on the bonus. The trading requirement must be fulfilled in accordance with each specific bonus prior to withdrawing funds from an account.
Magnum Options Withdrawal Terms & Conditions
All withdrawals are handled by Magnum Options finance department. The minimum withdrawal amount is $100 depending on the trading account currency. In order to make a withdrawal, traders must submit documents authenticating their account with Magnum Options. These include photo identification, proof of address and a copy of the credit card, if used for the initial investment. There is no fee to withdraw via credit card. For bank wire transfers, Magnum Options covers the withdrawal fee for the first withdrawal of a given month. Any subsequent withdrawals using bank transfer will accompany a processing fee of $30 which covers the transfer fee. Once a withdrawal request is submitted, it can take up to 3 business days for the request to be processed. Once the request has been approved, it may take an additional 5-7 business days for funds to appear in an account.
Magnum Options Demo Account
Magnum Options offers traders a demo account which is ideal for novice traders who are taking their first steps into the binary options trading world in order to get a feel for trading before investing any money. Magnum Options will give traders a demo account after registering and after a $200 minimum deposit is made. Traders simply need to sign up and request a demo account from the customer service department.
Magnum Options Scam Watch
To the best of our knowledge Magnum Options is a legitimate broker offering an excellent trading package that is very popular with traders. It is known to offer full payouts, various withdrawal options and bonuses in line with many other leading binary options brokers. While Magnum Options is not yet regulated by a recognised governing body, we do not believe this broker to be a scam. Nevertheless, we advise traders to be aware of this if trading with them. We will continue to monitor Magnum Options for any update.
Magnum Options Mobile App Review
Magnum Options offers a user-friendly mobile trading app for trading on the go and is available for iPhone and Android. Once a trader downloads the app, it will give full access to everything that their feature-rich trading platform has to offer. Traders can make a deposit, open and close trades, check the live trading charts and view their trading history while out and about and on the go.