Topoption Review and Latest Bonus Information of the Broker

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Brokers » TopOption

Top Option Review

In order to be 100% sure that a binary options broker is really suitable for you and trustworthy enough to join it, it is always good and recommended to read few reviews about it in advance. Today, we focus your attention on our detailed and helpful Top Option review. Getting familiar with it, you will become aware of the most significant features and extras that this broker provides to its audience.

Top Option Broker History and Company Information

Top Option binary options broker is owned by Safecap Investments Ltd. This is a reputable financial services provider I Cyprus and the broker, itself, is also based here. Top Option appeared on the market in 2020 year. This is also the time, when the broker received its official license and permission to operate in financial trading industry. Due to the fact that the headquarters and the main offices of Top Option broker are located in Cyprus, this is the situation of the official regulation body for the platform, too. Top Option is legally regulated by the local agency Cyprus Securities Exchange Commission (CySEC). It is in charge to provide high-qualitative control and observation of the financial activities and the safety measures on the website. Meanwhile, as a part of the European financial market, Top Option is also additionally regulated by EU and its supportive surveillance measures. Know as highly appreciated and quite recognizable broker, Top Option is favorite platform for new beginners and high punters in binary options trading. Due to all of these, the broker won the Best Licensed Broker award on the FBO awards back in 2020 year and just a year after its official establishment, which is evidence that the platform is quickly advancing into its niche.

Top Option Customer Support and Services

Being a key factor into the selection of a broker, the customer support is a huge preference in a binary options trading platform business card. The customer support services on Top Option are not just ok or available, but they are entirely oriented to the audience`s inquires or needs for more additional information regardless whether the customer is advanced or a newcomer on the website. The special attention that the users are surrounded by can be sensed since the first minutes of appearance as an official member on the platform. Once you make your registration completed and you open an account, you will immediately receive a phone call for a confirmation. However, the communication method is not only phone call, but also e-mails and integrated modern live chat. You can use them for any kinds of requirements. Moreover – Top Option has a special personal account manager that remains by your side during your entire trading activity, so you can always ask him or her for your inquiry, as well. The customer support services on Top Option platform are available at multiple languages – including English, Arabic, German, Spanish, French, Italian and Japanese.

Top Option Broker Binary Options Types

Top Option broker is generous enough to provide you numerous types of trades to choose from. The platform provides possibilities for trading with the following binary options types:

  • 60 seconds – the trading transaction is completed in a minute only and they are very suitable for traders, who are looking for an instant return.
  • Standard binary options – specially integrated for the majority among the trading audience since these options are the most popular ones.
  • Option Builder – allows you to take control over few of your trading aspects and to determine the risk of your investment.
  • One touch binary options – the payout is up to 500%.
  • ProOption – the brand new trading system in binary options in general that allows you to determine 2 assets.

Top Option Broker Features

The available assets on Top Option broker are foreign currencies, commodities, indices and stocks. The limitations for making a registration on the platform concern only Canada and USA citizens, but the rest of you can freely open an account on this website. The account types in Top Option broker are the following: starter account (suitable for beginners in trading) with minimum deposit amount of $100, pro account (proper for advanced players) with minimum deposit amount of $1000 and VIP account (specially tailored for traders, who need more extras to get benefits of) with minimum deposit of $5000. The available payment methods are debit and credit card, ordinary bank wire transfer and Diners Club. The average payout ratios on Top Option platform is nearly 85%.

Top Option Software Type and Information

Top Option is supported by one of the most preferable and trustworthy software type among the entire binary options trading industry – Spot Option. It is a web-based platform, so you don’t have to download or install anything. Meanwhile, Top Option website provides a mobile version for customers, who want to trade at any time and place they want.

Top Option Bonus System and Types

Top Option binary options broker has interesting bonuses to offer, too. Check out the available bonus types on the website up to now:

  • Welcome bonus – The welcome bonus here depends on the primary deposit you make. If you invest $200 USD, you will receive 50% of it as a bonus, but if you deposit $500 – you will get 100% bonus.
  • Demo account – The demo account is also a type of bonus since it allows you to trade with zero risk and in order to test the system. Top Option has a good demo account for new beginners, too!

Top Option Broker Pros

And to make a final conclusion for Top Option platform, check out its biggest pros now:

  • Great tools and many assets to trade with
  • Strong reliability
  • Individualized customer support
  • Availability of different account types

Top Option broker – one of the best platforms for binary options trading! Try it!

TopOption

Broker Name: TopOption
Platform: KeyStone
Founded: 2020
Bonus: 200%*
Return/Refund: 72-85%/ 0%
No. Of Assets: 150+
Regulated: CySEC
Demo Account: Yes
Minimum Deposit: 100
US Traders: Not Accepted

TopOption Review

TopOption is owned and operated by Leadtrade Ltd, a company that was authorized and regulated by the Cyprus Securities and Exchange Commission (CySEC) under licence number 296/16 licence date 16/02/2020. Leadtrade Ltd. Leadtrade was also EEA Authorised by the British Financial Conduct Authority (FCA) under Reference number: 749356. The listed address for this company is Treppides Tower, 5th Floor, 9 Kafkasou Street, 2112 Nicosia, Cyprus. The previous name of Leadtrade Ltd. was Spot Trading S.T. Ltd.

Leadtrade Ltd has renounced its CySEC license (Voluntary Renunciation) and is no longer authorized by the British FCA. The brokerage TopOption is now closed (as well as some other Leadtrade brands)! Read more in our Regulatory Warnings And Announcements section below.

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Is TopOption a Scam?

TopOption, as well as the other brands operated by LeadTrade Ltd closed shop. The website is inaccessible. I guess we will never know if they were a scam or not because the renunciation of the CySEC license was voluntary and not due to a lawsuit or major fine. However, if things were rosy, I don’t think Leadtrade would close several of their brands.

Editor’s Note – Why TopOption doesn’t Suck in 50 Words?

Even if they’ve recently changed their owning company, this still remains a regulated brokerage. On top of that, Leadtrade Ltd (the new owning company) has its feet well planted in the binary options industry and I say that because they own and manage a few other notable brokerages, such as Prestige Option and OptionsClick. That being said, I don’t think that CySEC regulation is such a big deal nowadays because it’s not very difficult to get and we’ve seen lots of regulated brokers do “bad” things.

Why does TopOption Suck?

When TopOption first launched, we had high hopes for them. Unfortunately they’ve disappointed more or less: they are not the worst, but definitely not one of the top tier brokers (and complaints are munching into their reputation). We’ll see… a new company, new management, new policies and maybe better reputation in the future, but right now their reputation kind of sucks. Oh, and one more thing: their Social Trading… what’s up with that? I can’t follow, I can’t copy automatically, I see trades that are half an hour old (and even longer). All I can do is “like” the trade. Come on, this is not FaceBook.

Should I Open an Account with TopOption?

Even from the first minutes spent on the website, clients can see they are dealing with a serious broker. The website looks polished and well designed, not like the normal white label platforms that look like mirror images of one another. The technology is provided by KeyStone, plus TopOption managed to personalize the platform and to repack it in a new form, paying a lot of attention to detail. There are no broken links and the whole experience feels totally uncluttered. Fortunately, there’s no trace of the overly used slogan “We focus on who really counts. You” and the education provided is more than just empty words or misleading information like “Binary Options are not risky…” They call things by their names and don’t hide behind words: they inform the traders that they are risking their money when trading Binary Options, just like the risk it when trading any other financial instrument.

The difference between an unregulated broker and TopOption is huge: all the information is publicly displayed and you can be sure it is real because they are constantly verified by CySEC. Ok, but the most important and appealing thing about regulation is that your money is kept separately from TopOption’s money. In other words, they don’t have access to it and cannot use your money as they please. Once an unregulated broker gets a hold of your money, it all depends on whether they are honest or not; if they are scammers, there’s not much you can do about it. The money is lost and you don’t even know who to sue or at least where to find them. This horrible scenario cannot happen with a regulated broker (well, the world may end tomorrow so I guess everything is possible) and more than that, because your money is held in a separate account from the broker’s, in case of bankruptcy, your money will be safe. There’s more: TopOption undertakes serious risk protection measures like the Investor Compensation Fund insurance protocol of up to 20K Euros per client. Do not mistake this insurance fund for the trading insurance some brokers offer you. It has nothing to do with protection against losses incurred from trading. That’s the trader’s problem. They protect your money against other non-trading related occurrences.

A lot of brokers offer daily market analysis these days but unfortunately, that analysis is anything but daily. Usually, it’s so old that spider webs and cracks appear on the page. That’s not the case with TopOption; the analysis is indeed a daily one, they have a good economic calendar with events ordered by importance and expected impact, “Breaking News” section and overall, they provide a professional environment, just how Binary options trading should be. Let’s just hope their eagerness to be professional doesn’t fade away when some time passes and this is not just an attempt to create hype around them.

Update October 2020: The trading platform is TradeSmarter and they no longer offer daily market reviews but they still have a well organized economic calendar. Given that more and more brokers are stepping up their game, TopOption has fallen behind a bit. Let’s hope that the new management will do a better job.

TopOption Complaints

Team ThatSucks.com (former BinaryOptionsThatSuck.com) advices every newbie traders to make this search for themselves. It’s simple! Try Googling TopOption complaint, scam, fraud, etc, and make your own research. Here’s what we found: The only complaints I’ve come across till now have been about the platform lagging/freezing from time to time and I’ve experienced this myself. We’ll keep you updated on this matter when we know more.

Update October 2020: Unfortunately this brokerage suffers from a tainted reputation because more and more complaints have surfaced lately. It’s nothing really alarming but I recommend you keep an eye on our Comments section just below this review.

Update February 2020: Apparently, the new management is not doing a better job than the old one and TopOption has become one of the tops commented brokers… in a bad way. People complain about frozen accounts as soon as a deposit is made but also about blocked transactions and disappearing funds (. ) or deleted accounts. We cannot confirm the disappearing of funds but one of our readers has posted a YouTube short video where he/she clearly shows that all transactions are blocked; not one trade goes through, due to various reasons like high volatility or exceeding the upper limits of the investment amount. Clearly, volatility wasn’t very high and the invested amount was 100 ZL then 40 ZL (that’s about 10 USD and 25 USD respectively – clearly not too high). The thing is that we are not dealing with a singular complaint, but with many of the same type so we cannot dismiss them, thus we recommend caution when dealing with this brokerage. *To find the video, please go to page 9 of our Comments section below.

TopOption Regulatory Warnings And Announcements

06.07.2020: The Australian Securities & Investments Commission (ASIC) warned that over 40 binary options and margin FX providers are operating and soliciting Australian citizens without proper license or authorization. Out of all the providers contacted by ASIC, 21 including TopOption have agreed to co-operate and take remedial steps to ensure they are no longer providing investment services to Australians without proper license or authorization. On ASIC’s list, TopOption appears as the trading name of Nuntius Brokerage & Investment Services S.A. Source: ASIC Media Release 16-218MR.

31.03.2020: CySEC announced they’ve suspended the licence of Leadtrade Ltd (operating company of TopOption) due to suspicions of alleged violations regarding the company’s own funds and capital adequacy ratio. Within 10 days the company had to take measures to comply with CySEC’s guidelines. Source: CySEC Decision

03.04.2020: CySEC decided to withdraw the suspension of Leadtrade’s authorization due to the fact that the company has already complied with the provisions of the Law (meaning they resolved the issues for which they were suspended in the first place). Source: CySEC Decision

28.04.2020: CySEC announced that Leadtrade Ltd renounced its authorization. Therefore, the CIF authorization with number 296/16 lapsed as from the abovementioned date. Source: CySEC Announcement

TopOption Bonus

Update February 2020: Due to new CySEC regulations regarding Bonuses (source: CySEC Circular C168), TopOption ceased to offer a deposit Bonus. Instead, they now offer a “Loyalty Award” that consists of real money credited to the clients’ account based on trade volume. Once a predetermined volume is reached, the Award is released into the account and can be traded or withdrawn. The formula used for calculation is [Deposit amount + Award amount]*Trading Volume Multiple. This “Trading Volume Multiple” is a new terminology for the old Turnover requirement and varies from 20 to 25 and to 30. For more information, please read their Terms and Conditions.

TopOption Withdrawal

TopOption does not charge any withdrawal fees but the money must be sent to the same source it was debited from. Once the withdrawal request is approved, the client may wait up to 7 business days until the account is credited. However, TopOption mentions that 7 days will pass only in “exceptional circumstances” which makes us believe that usually withdrawals take less than that.

Update February 2020: They have reverted back to the 7 business days timeframe for withdrawals: after a withdrawal request is processed and approved (they don’t mention how long that may last) it will take up to 7 business days for the funds to reach you.

TopOption Ratings

User Friendly 18/20

The website is available in 20 languages, the information has an intuitive layout and the trading platform itself is both accommodating for rookies and complex enough for seasoned traders. Except the platform lag, another downside is the time displayed on the platform, it cannot be changed to your current time. Forgetting this time difference can become a major issue when picking expiries!

Update February 2020: The platform time now coincides with the client’s time or at least it did in my case.

Number of assets and expiry times 17/20

TopOption’s basket of assets is composed of 16 stocks, 13 currencies, 8 commodities, 16 indices and 3 pairs for a total of 56 tradable products. Although it is not an impressive number, the most traded assets are available so the trader can surely find a good opportunity among them. The expiry times range from 60 seconds to the end of the year, with an option builder feature which allows you to customize your trading. Roll Over, Double Up and Sell Option features are also available.

Update October 2020: Their asset index is now composed of more than 180 assets, a great improvement from last time we visited them.

Commissions, Support and Effective return 17/20

TopOption doesn’t charge any commissions or fees for opening an account or for withdrawing funds but there is a $5 monthly fee for Inactive Accounts. Their Live Support is helpful, quick and offered in more than 10 languages. The effective return goes up to 85% but unfortunately there’s no refund for OTM trades.

Update October 2020: Inactive accounts (no activity for 90 days) are now charged a $10 monthly fee.

Update February 2020: Live support was totally unhelpful: after waiting several minutes to get in touch with a representative, he/she did not speak to me at all. I asked a simple question (if they offer a bonus) and all I got in return was silence. First contact was made at 11:51 am and at 12:31 pm I decided to close the chat after several failed attempts to get a single word out of the representative.

Deposit, Payment and Bonus 17/20

The minimum deposit for a Starter account is $100, a Pro account requires $1000 and VIP accounts start from $5000. Deposits can be made via Credit Cards, wire transfers and e-wallets like Moneybookers, Neteller or WebMoney. Withdrawals must be made using the same source of the funds (if you use a certain bank account for depositing, withdrawals will be made in the same account). Once processed, a withdrawal takes up to 7 business days.

Update February 2020: The Bonus has been replaced by a Loyalty Award. For details, see section “TopOption Bonus” above and read their Terms and Conditions.

TopOption Extra 10/20

Regulation of the owning company is a rare thing when it comes to Binary Options. The owning company of TopOption is regulated by CySEC and this grants them entry in the exclusive club of the elite regulated Binary Options service providers. Could have more extras.

TopOption Overall Ratings **CLOSED** -/100

TopOption Review

The broker is based in Nicosia, Cyprus and it is licensed by the Cyprus Securities and Exchange Commission. It is owned by Safecap Investments Ltd., which also controls other Forex brokers such as Markets.com. There are a lot of brokers that have started to offer binary options lately, because of the trader’s demand for them.


Min. Deposit:
$100

Trading Platform: KeyStone

US Clients: No

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

TopOption Binary Options Broker at a Glance

TopOption review wants to distinguish itself by having an impressive number of assets for trade and also an impressive number of option types and features. Their goal is to appeal to both beginners and to veterans, by having an extensive education section and by offering a wide selection of instruments . This broker is unreliable and we would not advise you to sign up!

TopOption Reviews of Accounts

From the start, TopOption review found that there are three types of accounts: Starter, Pro and VIP. The accounts start at $100, $1,000 and $5,000 respectively. Each of them has different bonuses and perks.

Payouts can reach 85% and VIP accounts can even top that. This level of payouts can well make up for the risk. An impressive number of 180 assets are offered and they consist in: stocks, currencies, commodities and indices. It is important to note that every customer account has an insurance of €20,000 per client . High payouts are a sign of a scam broker, stay safe!

TopOption Trading Platform Review

The platform is proprietary and has a standard design. Like the platforms of most other brokers, it is simple and intuitive and doesn’t require download or installation, only an Internet connection.

There is also support offered for mobile devices such as iPhone and Android. There is a number of helpful features, such as early sell or rollover. This is useful for the trader to exercise the option at the time of the trade. Other features are trading confirmation, stock pair and history graph.

TopOption Reviews of Deposits and Withdrawals

The deposits can be performed with: credit cards, Liberty Reserve, wire transfer, Skrill, Web Money and Neteller. The withdrawals take a short amount of time to process. Documentation regarding identity and residence is required. There are no withdrawal fees, but there can be charges taken by intermediaries.

TopOption Customer Support

It can be reached 24/5 by means of phone, e-mail or live chat. The phone service is toll free and support is offered in multiple languages. They have nine lines that are toll free as well as nine regular lines as well.

TopOption Review Conclusion

It is one of the few brokers that have an EU license. Unfortunately TopOption doesn’t extend their facilities to US clients. An impressive range of assets is offered. The conditions are well above the industry average. The increased security offered by account insurance may also sway even the most conservative traders. In fact, all types of traders are encouraged to make an account on their site, because of the features and the types of accounts. The learning center is also above average. The payouts are some of the most competitive existent on the market. All these solid features in different areas make it clear that TopOption will undoubtedly reach the top, by distancing itself from the competition in this demanding and changing field.

Before the recent events, it was safe to trade with this broker. At this moment we claim that TopOption is a scam and we will not advise you to sign up with it!

RISK WARNING: YOUR CAPITAL MIGHT BE AT RISK

Best Binary Options Brokers 2020:
  • Binarium
    Binarium

    Top Binary Options Broker 2020!
    Best Choice For Beginners and Middle-Leveled Traders!
    Free Demo Account!
    Free Trading Education!
    Big Sign-Up Bonus!

  • Binomo
    Binomo

    Trustful Broker. Recommended Only For Experienced Traders!

Like this post? Please share to your friends:
Binary Options: How To Start Trading
Leave a Reply

;-) :| :x :twisted: :smile: :shock: :sad: :roll: :razz: :oops: :o :mrgreen: :lol: :idea: :grin: :evil: :cry: :cool: :arrow: :???: :?: :!: