SternOptions Review

SternOptions Review

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(10 votes, average: 3.10 out of 5)
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Company info:
Name SternOptions
Website sternoptions.com
Foundation Year 2016
Trading conditions:
Min. Deposit 250 $
Payouts 85 %
Trading Assets Currencies (Forex), Indices, Stocks, Commodities
Option Types High/Low Options, One Touch Options, Range Options, 60 Second Options, Short Term Options
Payment Methods:
Credit Card, Wire transfer, Skrill
Other Features:
Accept US traders
Affiliate program
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Detailed info:

SternOptions is one of the newest binary options broker only launched in July, 2016. Being a new broker; it would be interesting to see if there is anything new it offers to the binary options trading community that current brokers do not offer. Unfortunately at the moment, Stern Options is yet to be regulated.

Trading Conditions

At SternOptions one can open a regular binary options trading account or a VIP account for more customized trading conditions. The deposit currencies allowed are EUR, USD, GBP and AUD.

The following assets are available for trading at Stern Options:

 

sternoptions-currencies    sternoptions-indices   sternoptions-stocks   sternptions-commodities

Tradable Assets       

SternOptions’ Economic Calendar

Stern Options also avails an Economic Calendar via its website showing Forex economic events by day of the week. One can customize the following options in the economic calendar;

sternoptions-economic-calendar

Economic Calendar

Registration

SternOption has a secure registration process (but not so quick and easy) that requires fill the registration form with no obligation to deposit funds immediately or provide credit card information. The required personal information includes; names, email address, country and the phone number. Users from some countries such as the US are not allowed to register with Stern Options. Users should also be careful while filling out the deposit currency since it is not changeable afterwards, available deposit currencies include; EURO, USD, GBP and AUD.

 

sternoptions-registration-form

SternOptions Registration Form

Traders that are new to binary options trading can use SternOptions’ FAQ section to find some of the basic information. Alternatively, they can also visit the Glossarysection provided by Stern Options to understand most of the terms used in the Binary options trading community.

sternoptions-glossary-section

SternOptions Glossary Section
Apart from the Economic calendar and the Glossary section, Stern Options also provided a Market Review section. Unfortunately, a closer look at the market review section will reveal that it is yet to be populated with analysis making it out of date and not resourceful to Stern Options’ users.

sternoptions-out-of-date-market-review-section

Stern Options Out of Date Market Review Section

Deposits and Withdrawals

SternOptions provides both fast and secure deposit and withdrawal methods as described below;

Deposits

Deposits can be done via the following methods;

Alternative methods of deposit such as Skrill are also available. The minimum deposit is 250USD/EUR/GBP/AUD while the maximum deposit is 20, 000 USD/EUR/GBP/AUD via both credit card and Skrill and unlimited via Wire transfer.

Withdrawals

The withdrawal process at Stern Options may take up to 7 days to as less as 48 hours. Below are the steps that should be taken when making a first withdrawal from Stern Options;

All documents should be sent to compliance@sternoptions.com. Fees associated with withdrawals are 3.5% of the withdrawal amount for credit card withdrawals and USD 15 for each Wire transfer. Wire transfers also require a minimum withdrawal of USD 500.

Trading Platform

SternOption uses the SpotOption Web based trading platform. (read our review of SPOTOPTION platform)

 

sternoptions-web-based-trading-platform

SternOptions Trading Platform

 

Below are SternOptions’ Web-based Platform Features;

Pros

Cons

Education

sternoptions-education

Stern Options’ Education Section

SternOptions offers downloadable ebooks and video courses to its clients covering lessons such as trading strategies, trend analysis and market prediction.

SternOptions – Pros and Cons

Pros

Cons

Customer Support

SternOptions in Social networks:

Conclusion

SternOptions are relatively new in the binary options trading community hence not much information is available at the moment to rate it against other existing brokers. However, apart from the lack of regulation and limited account types; SternOptions has most of the features offered by other brokers.

Now, everything seems OK with SternOptions broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place.

Please post Comment/Review about “SternOptions”, if you have any experience with this BinaryOptions broker. Use tab “Comments” (top of the page)

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