Option500

Option500 (official website) is owned by Option Solution Group Limited located in the Commonwealth of Dominica and offers financial services; specifically Binary options trading. The main headquarters of Option500 are in London with other offices in Cyprus and Bulgaria.

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Option500Trading Conditions

Option500 offers option trading on over 50 assets including;

Commodities; Gold, Silver, Copper, Crude Oil and Natural Gas Futures among others.

Currencies; AUDCAD, AUDCHF, AUDJPY, AUDUSD, CADCHF, CADJPY, CHF/JPY, EURAUD, EURCAD, EURCHF, EURJPY, EURGBP, EURUSD, GBPAUD, GBPCAD among others

Stocks e.g. Alibaba, Amazon, Apple, Barclays, Coca-Cola and Ebay

Indices e.g DAX, Dow Jones, FTSE, Nikkei and S&P 500

Option500 gives upto 85% payouts on various assets with rebates varying from 0% to 15% of the lost trade amount. The minimum trade amount also varies depending on the asset being traded. Trading hours are between Sunday, 5.00 pm EST to Friday, 4.00 pm EST.

Option500 offers both short term and long term expiries. Traders who want to experience very fast trading can opt for 30 seconds expiry and 60 second expiry. Long term options available include the End of Day, End of Week and End of Month expiries.

Option500 Types of Options Available:

Sixty seconds binary options; these are options which expire within a very short timeframe of 30 seconds and 60 seconds.

Pairs Binary Options; with this type of options, the trader can choose two assets and predict which will out perform the other within the given expiry period.

High/low binary options; these are very similar to the sixty seconds binary options but their expiries are greater than 5 minutes and the trader is supposed to predict correctly whether an asset will move up or down from a specific level within the given timeframe.

Strategix binary options; this type of options is unique to option500 where a trader can adjust the risk levels for different payouts. Assets with higher risk levels will have a higher payout and those with low risk levels will have a low payout. … Read more about types of BinaryOptions

Option500 Platforms

Trading on option500 platform is very easy using the following steps;

• Selecte the desired asset and expiry with the option of adjusting the payout
• Select the trade direction; CALL for predicting the market will move below the current price and PUT for predicting the price will move below the current price
• Select the minimum investment and place the trade

Figure; Option500 web based platform

Option500 web based platform includes the following features;

• A trading chart with an option to choose from candlestick charting and line charting
• Trader sentiment meter showing the percentage of traders who have placed PUT options versus those who have placed CALL options.
• Selection of asset, type of option and expiry period
• An innovative feature of the platform is the option to double up, hedge or sell the option.
• Assets are also listed showing the trader sentiment, volatility and price.

Figure; Assets listed on Option500 web based platform

Option500 pro platform is also available with a larger charting area and more features including social trading.

Figure; Option500 Pro Trading Platform

 Option500 also enables traders to trade from anywhere via their iOS and Android mobile apps.

Figure; Option500 Mobile Trading App

Social Trading in Option500

Figure; Option500 Social TradingOption500 also offers an innovative social trading platform where traders can observe the actions of other traders and copy their trades. Traders can also communicate and share ideas which creates a good environment for newbie binary options traders to learn quickly.

Figure; Option500 Social Trading

Option500 Bonus

Option500 offers 100% bonus withdrawable after trading $25 for every $1 bonus.

Option500 Education

Option500 is one of the binary options brokers with abundant education on trading. Their education materials include trading education, platform education and ebooks.

Figure; Option500 Education center

Option500  – Pros and Cons

Pros

• Live support available
• Advanced trading platforms
• Multiple asset trading
• Abundant and resourceful education center
• Several option types are available
• Mobile trading platforms for both iOS and Android
• Innovative social trading for binary options

Cons

• Not available in all languages but a few
• Option500 is not regulated
• Not available for US clients as well as several other countries due to lack of regulation

Option500 Customer Support

Support available via:

• “Contact-us” web form,
• Phones: +44 2036958189 (Working hours7AM – 10PM GMT)
• LiveChat (Working hours7AM – 10PM GMT)
• email: support@option500.com
• Skype (Skype calls only)
• Address: NWMS Center 31 Southhampton Row Office 3.11, 3rd Floor, London, United Kingdom WC 1B 5H

Conclusion

Option500 is one of the most innovate binary options broker with excellent platforms and a unique social trading feature. Apart from the lack of regulation; it is offers its traders many perks including an education center and good execution. For traders looking to diversify their binary options trading assets or robust trading platforms, option500 is a top consideration.

Now, everything seems OK with Option500 broker however “ProfitF team” will keep monitoring this broker and update this review if any changes take place.