Broker Review Stern Options

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7 Binary Options

UPDATE (16.08.2020):

Stern Options has shut down their operations.

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Old Review:

The binary options industry was born in 2008 on the floor of the Chicago Board Options Exchange, and since then hundreds of brokerages have come and gone. In this business, there is no room for incompetents and scammers.

We recognize Stern Options as one of the industry’s leaders. Here are just some of the reasons why we think they deserve this kind of respect.

Basic information:

Online since: 2020
Software: SpotOptions
Max Returns: 94%
Minimum Deposit: $250
Minimum Investment: $25
Maximum Investment: Unlimited
Currencies: USD, EUR, GBP
Mobile: Yes
Countries: All including USA

  • Accounts tailored to each customer
  • No investment limit
  • Quick and simple withdraw process
  • Doesn’t accept the traders from the US

7 Binary Options Rating:

Trading Platform

It’s no secret that Stern Options broker offers a world-class trading experience. Whilst they boast brilliant educational resources and customer service, Stern’s reputation for excellence comes down to its world-class trading platform.

Offering unparalleled trading opportunities and types to suit any trader regardless of preference, it’s no wonder that Stern is the ‘world’s most acclaimed binary options trading environment’. The visual character of the trading platform has been well designed with every age-group of a user in mind. So it is not composed of loud colors and superfluous imagery.

The menus are neatly laid out in a clear typeface, and are set in sensible contrasting backgrounds so that the user can see everything sharply and clearly labeled. Charts and graphs are real-time live feeds from the world’s financial markets. Stern Options trading platform really has it finger on the technological button. There is a lot of peace of mind that comes with using this quality web platform.

Screenshot

Assets

The Stern Options menu of assets available to trade binary options contracts includes the most comprehensive variety of the world’s Stocks, Currencies and Commodities as well as the world’s main financial market indexes.

Sign Up

Signing up to an account with Stern Options is routinely done online or by phone. The minimum deposit is 250 USD/EUR/GBP/AUD. Stern Options are very strict about compliance with the law and regulatory requirements for the administration of account in the financial services sector.

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With the aim being to prevent fraud, money laundering, and the funding of criminal activities such as illegal narcotics and the funding of terrorist activities, for instance. If you do not comply with these requirements, Stern Options reserve the right to suspend business with you and perhaps refuse to pay the money you have invested with them until due process of law.

Therefore, just like when you open a bank account, in order to validate that your account is compliant with the law you are required to submit copies of the following documentation:

  1. A completed and signed Declaration of Deposits (DOD) which the company will issue.
  2. A scan/photo of proof of address (a bank statement or utility bill that clearly states your current address).A scan/photo of your ID (driver’s license or passport).
  3. A scan/photo of any credit/debit cards you’ve used to fund your account.
  4. A voice signature (you must contact your assigned Account Manager to complete this step).
  5. A completed withdrawal form.

Banking & Deposits/Withdrawals

Banking with Stern Options is about as easy as they come. There are a number of different deposit and withdrawal options that you can use when trading with Stern.

They offer all of the regular ones such as:

Stern Options only use the most reputable banks in Europe and has significant on Barclays and Deutsche Bank amongst others. This is yet another reason you can feel safe with Stern Options. So you can feel confident that you can get your money, Stern clients can access the withdrawal request facility online. Withdrawals are typically processed within five business days.

Types of Accounts

Stern Options do not limit their resources but believe in extending a tailored service to suit the needs of all clients. For this reason you don’t find a menu of different account types on Stern’s website as you will on most other companies’ websites. Instead, you will receive the service you deserve to help you to success.

Generally speaking, beginners and those smaller investors each receive a standard account. There are no limiting features and you can enjoy all the facilities the wealthiest account holders enjoy. However, as you become more and more successful Stern will assign a dedicated financial analyst to you, who can help you reach even greater levels of success.

Bonuses

Stern makes bonuses available, with the amounts on offer ranging from 500 USD/EUR/GBP/AUD and upwards. Client’s accepting bonuses are required to trade the equivalent of 27 times the amount of the bonus before being able to make withdrawals from the profits derived from it. This is very much the industry standard paradigm for bonus structures.

Learning Tools

Stern Options is well-renowned a pioneer in providing its clients with the best chances for success, and to make this possible they make sure everyone has free-to-use online access to their training academy. Offering unparalleled educational material which is didactic and configured to all levels of experience, from the beginner to the veteran, the learning materials are available for use 24/7 which makes it simple and easy to learn about the theory and practice of making profits from binary options.

Offering a vast array of educational courses that will turn even the most inexperienced trader into a binary options expert, Stern Academy certainly hasn’t compromised on the quality of their resources. Here are just a few of the courses you can expect to receive:

  • Introduction materials – the perfect way to get started, Stern’s 15 easily-understandable introduction videos will give every trader the best start they need to begin trading.
  • Binary strategies– every successful trader will know how important strategies are when trading in binary options. This course will provide a variety of strategies suitable for a wide range of abilities, meaning you’re guaranteed to find something that will suit you here regardless of your experience.
  • Platform tutorials– for a brand new trader, the first look at a complex trading platform can be quite intimidating. However, this course is bursting with user-friendly tools you can use when trading to maximize success, as well as a detailed explanation of all components featured on Stern’s expert trading platform.
  • Platform introduction video– an ideal accompaniment to their platform tutorials, you’ll be shown first-hand exactly how to implement everything you’ve learned so far.
  • Economics– the perfect introduction to the world of economics, this comprehensive course will educate you on everything you need to know about the relationship between capital markets and our global economy.
  • eBooks – Expertly crafted to accompany all of Stern’s brilliant courses, their binary options eBooks offer the opportunity for your questions to be answered. Also providing a useful reference you can go back to at any time, the eBooks available at the Stern Academy are simply second-to-none and will become a true asset to your entire trading experience moving forward.

Webinars

Stern clients are invited to attend regular and ad-hoc webinars which are produced to make sure their clients are up-to-date and properly informed of events taking shape in the world financial markets.

A webinar is internet based video show in which a senior financial analyst tell about important imminent and pending events that pose great opportunities for traders to invest in binary options trades and make profits from the movement of prices. We recommend that you sign-up for Stern’s webinars.

Return on Investment

Profit margins are always fixed at the moment of contract. The amount as a proportion of the sum placed on the asset is always in the range of 70% to 80% and upwards, with some species of contract giving between 200% and 400%. Lots of scopes, therefore, to reach your goals in creating an income from binary options.

Customer Service

Stern Options’ customer support team is multilingual, which is a must for a globally active company. They can be contacted by phone, email, and online chat 24/7.

Stern Options are one of the few companies who invest in mass-media presence with a daily market report that is available on their blog site as well as YouTube. It is as good as the best in the world.

Concluding Comment

We took a close look at Stern Options because their reputation in the industry is very popular. You only have to look at some of the websites which are directly concerned with Stern Options reviews to be able to see how popular they are. We must conclude we the evidence and this definitely is a company who deserve praise for their commitment to service and technical professionalism.

If you don’t check for yourself right now and visit their website, you certainly will be missing a proper chance to succeed in binary options trading.

Additional information

Customer Service: Live Chat/ Phone/ Contact Form/ E-mail
Languages: English, German and Arabic
Trading Options: High / Low, One Touch, 60seconds, Long Term, Boundary, Ladder Options
Assets: Currencies, Stocks, Indices, Commodities
Expiry Times: 60 sec, 2min, 15 min, 30 min, 1 hr, End of Day, End of Week
Deposits and Withdrawals: VISA, Master Card, Maestro, Bank Wire, CashU, Skrill MoneyBookers
Withdrawal Time: 7 business days
Demo account: Yes

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Stern Options Review

Rating:

Do you expect something great from trading with Stern Options binary broker? In this review, we will investigate Stern Options carefully to bring you the most up-to-date information about this brokerage firm!

Min. Deposit: $500 Demo: N/A

Platform: SpotOption Bonus: N/A

Regulation: N/A US Clients: N/A

Stern Options is a new broker that was found in 2020. During our review we found out that it is located in Scotland and is owned and operated by the BP1 LP. Our Stern Options review has identified that this binary broker is not licensed by any recognized authority. Hence, Stern Options does not accept clients from the US, which is a good sign from traders from other countries, since it shows that this broker cares about its clients and does not want to risk being sued by the US authorities.

Stern Options Trading Accounts

Traders usually expect brokers to provide flexible account conditions that will allow getting most out of their strategies. As for Stern Options it offers one live account that can be opened after depositing 300 USD or the equivalent amount in EUR, GBP or AUD. But, with this account you will be able to get everything right away. All features that are usually available only for VIP users at some of the brokers are available here even with a min. deposit.

Stern Options Trading Platform Review

The most popular software choice among binary brokers is SpotOption. Stern Options follows the suit and you can find this web-platform offered on the website. There are different types of binary trading. Let’s list them further in our Stern Options opinion.

  • Binary options
  • Pairs
  • Long Term
  • 60 Sec
  • One Touch
  • Ladder
  • FX/CFD
  • Limits

Unfortunately, iFollow feature is not offered here. We hope that Stern Options broker will develop this feature in the nearest future and all of its clients will be able to enjoy social trading.

Stern Options Reviews: Customer Support

Customer support at Stern Options is available via email, telephone and live chat. Unfortunately, live chat is not available 24/7 but the phone support is. Its support speaks English, German and Arabic languages. Also, there are dedicated phone support numbers available for Scotland, UK, Australia, Germany, Switzerland, Austria and Saudi Arabia.

Deposits and Withdrawals

Either to deposit or withdraw funds, you can use credit/debit cards and wire transfers. The minimum deposit amount using wire transfers is $500 with 20 USD commission.

The website tells that the withdrawal process is smooth and fast. Stern Options broker charges a fixed fee of 3.5 % for withdrawing with the card and 15 USD commission for each withdrawal via wire transfers. Also, as a usual practice for the industry, it takes approximately 7 business days for funds to reach your bank account.

Stern Options Review Conclusion

Is Stern Options legit? Yes it is. Even though, this broker does not have any license, it offers the best binary options trading platform as well as good customer support. We hope that it will implement iFollow feature soon and we will be able to test it! We can definitely say that Stern Options scam claims are not true.

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Contact Us

Binary Options Hub is a website dedicated to making binary options trading industry more transparent, honest and reliable. Our mission is to supply binary options traders with honest binary options reviews and also to provide a detailed reivew of the binary options trading platforms. Note that binary options trading involves a high level of risk itself and it is much risker when you trade with unregulated binary options brokers. Also there are a lot of binary options scams in this industry. Binary Options Hub is here to guide your through the available offers on the market and assure that you are always making a right choice when it comes to selecting the best binary options broker or top binary options trading platform. Trading binary options is quite fun and exciting process that may also result in financial gains, however it is also very risky. Please note that Binary Options Hub does not take any responsibility for your investment decisions. Binary Options Hub also recommends you to consult with an expert before engaging into binary options trading activity. Please read our full disclaimer and risk warning to understand the risks of binary options trading better. Do not deposit more than you are willing to risk.

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Best Binary Options Brokers 2020:
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