EmpireOption Review

EmpireOption Review

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(9 votes, average: 3.78 out of 5)
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Company info:
Name EmpireOption
Website empireoption.com
Foundation Year 2010
Trading conditions:
Min. Deposit 200 $
Payouts 75 %
Trading Assets Currencies (Forex), Indices, Stocks, Commodities
Option Types High/Low Options, One Touch Options, Range Options, 60 Second Options, Pair Options, Short Term Options
Payment Methods:
Credit Card, Wire transfer, Skrill, Neteller, Payza, CashU
Other Features:
Accept US traders
Affiliate program
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  • Michael Wolff

    In the binary options industry, Empire Option is the only platform that provides native customer support in three major languages: English, Portuguese and Spanish. The broker offers the widest selection of local payment and withdrawal options in Latin America, making it the most renowned broker in Latin America.

    Besides those three languages, the website is also available in German and French, as well, making it recognized in the European market too.

    Moreover, iFollow is a special tool by Empire Option that is the ideal for many traders with small experience in financial markets.

  • Bostwick

    Trading platform interface and functionality is usually a vital factor in choosing particular binary options broker. However, EmpireOption platform is logically simple, easy to use and user friendly designed. Including all the average options, EmpireOption has some pioneering and innovative features like Ladder Options.

    EmpireOptionTrade offers 24/7 customer service and can be reached online on video chat which is very obliging and new traders like me will get any information whatever they need from them within minutes.

    Moreover, support agents are also available through e-mail and over phones. As well, traders who spend plenty of time ‘on the go’ will get this beneficial that this broker has pretty user-friendly mobile platform too.

Detailed info:

EmpireOption –  Binary Options Broker. Company founded in 2010 in Uruguay.  Platform languages: English, French, Spanish, Portuguese. Minimum deposit = $200. Empire Option is one of the many binary options brokers running the SpotOption trading platform. It is owned by Baumann & Kraus Enterprises Ltd based in London, UK. Empire Option is yet to be a regulated binary options broker.

Trading Conditions

Empire Option offers up to 5 different account types with different trading conditions suitable for the different investor profiles as shown below;

empire-option-account-types

Figure; Empire Option Account Types
Empire Option Registration

empire-option-registration-form

Figure; Empire Option Registration Form

Registering with Empire Option only takes a few minutes requiring only basic personal information such as; names, email address, birth date, country and mobile number. One can open a USD, EUR or GBP denominated account. As part of the KYC policy, Empire Option requires the following documents from its clients;

Deposits and Withdrawals

Deposits

empire-option-deposit-options

Figure; Empire Option Deposit Options

Deposits to the Empire Option trading account can be done via Credit Cards (Visa, American Express, MasterCard, Dinersclub e.t.c), Skrill, Neteller and Bank Wire Transfer. Transfers via bank wire require a minimum transfer amount of $500; for amounts greater than $1000, Empire Option assumes the transfer fees.

 

Withdrawals

To withdraw from one’s Empire Option account, a withdrawal request is required with attachment of the relevant documents if the account was not verified at account opening. Withdrawal conditions vary depending on the account type as shown below;

Account Type Minimum Withdrawal Processing Period Cost
Micro Account 200 units 10 working days $30
Classic Account 100 units 7 working days $25
Plus Account 100 units 5 working days $20
Preferential Account 1 unit 3 working days $10
VIP Account 1 unit 1 working day Free

 

Trading Platform

Empire Option uses the popular SpotOption web based trading platform as well as mobile trading applications for Android and iOS.

Empire Option Web Based Trading Platform Features;

Cons;

empire-option-trading-platform

Figure; Empire Option Web Based Trading Platform
Empire Option’s iFollow feature allows traders to follow other successful traders and copy their trades into their own trading account.

empire-option-ifollow-feature

Figure; Empire Option iFollow Social Trading Feature

Empire Option Signal Service
Holders of a Plus account and above at Empire Option are able to access trade signals. Plus account holders are able to access signals from 1 asset group, 2 asset groups for Preferential accounts and 4 asset groups for VIP accounts. Signals are provided by FAUNUS

empire-option-signals

Figure; Empire Option Signal Service

Education

empire-option-education

Empire Option offers the following educational resources; news, economic calendar commentary, Empire TV, tradebooks, seminars and an economic events simulator.

Pros and Cons

Pros 

Cons

 

Customer Support

Spain (+34) 932 202 011

Argentina (+54) 11 5078 9783

Mexico (+52) 722 477 9925

Chile (+56) 45 294 3753

Colombia (+57) 4 204 0553

Peru (+51) 17 061 987

Venezuela (+58) 212 720 1913

Conclusion

EmpireOption is one of the many binary options brokers running the SpotOption web based trading platform which has become very popular with traders. Empire Option also offers good trading conditions, however, it is yet to be a regulated binary options broker


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