Empire Option Review

Overview

Empire Option was established in 2010 as a NDD (No Dealing Desk) type broker, which means there are no conflicts of interests and it really wants clients to win. It has a $100 minimum deposit requirement, and has minimum trade size of $5 on short term options and $25 on longer term options. Payouts range from 65% - 85% on short term trades, to 250% - 680% on longer term OneTouch type option trades. Empire Option offers demo accounts, a massive range of over 250 assets, and also accepts US clients. What sets Empireoption above the competition is their team of financial experts and economists, who offer clients a complete range of trading signals and weekly market analysis reports. Last but not least, this broker also offers 10% refund on losing trades and up to 100% deposit bonus that will make the trader's account balance go much further.

Trading Platform

EmpireOption offers more than 250 assets to trade from, and that definitely covers the needs of most traders. These assets are offered for short term trading to long term trading facilitated through the One Touch and Option Builder binary instruments. The platform is available on smart phone devices, and is very user friendly. It has a whole section dedicated to education and educational resources for those new to trading and market analysis techniques.

Safety of Clients' Funds & Reliability

Being a NDD broker, Empire Option offers all its services under a secure trading environment. Not only is it safe for the clients but for the broker itself, as well as all other parties involved. Being NDD means that it's ok for clients to win big money from their trades, because the broker itself is well hedged at all times. The broker only profits from the payout differentials. All payment transactions are also very secure, and the company complies with the usual requirements concerning online security.

Deposits & Withdrawals

Deposits at EmpireOption.com can be made by all major credit cards and bank wire transfers. Withdrawals take 7 days to complete and there's a $100 minimum threshold. All withdrawals are subject to a $30 withdrawal fee. The service however is highly reliable and comes with dedicated customer support.

Specials

Everything in this broker is made to suit beginners, and especially new traders who don't feel confident enough to make their first trades. The team of economists and financial analysts at Empire Option can help such traders by providing them with free trading signals and long term market insights. This is a huge advantage, because these traders would otherwise have to pay to join some premium service in order to gain access to such information. Most serious market analysis services charge $50 or more per month. This means that traders who use EmpireOption's full features are saving at least $600 a year by utilizing the market analysis and signals provided! On top of that, EmpireOption also offers weekly promotions, exclusively known and made available to its existing clients.

Our Verdict

EmpireOption.com is definitely worth considering, even if a trader is not doing high volume trading. The offered resources are hard to find elsewhere in term of quality. Everybody claims to offer free trading signals and market analysis, but these cannot be of any value unless the analysts are highly skilled and experienced. The specialists at EmpireOption work really hard to come up with their market insights, and they make these fully available to premium account holders, and partly available to all other clients as well. To beginner traders, this is extremely important and it can make the difference between winning and losing.

On the downside, it has a relatively high withdrawal fee and takes about 7 days to process the withdrawal. But remember that traders withdraw money after they have won money in the markets; hence even a $30 fee is negligible when one withdraws significant amounts. The withdrawal structure however is there to cover the company's own fees, and to encourage fewer and larger transactions, as well as to eliminate bonus abuse tactics.

In total, EmpireOption is absolutely worth joining even for the market analysis and trade signals alone. A trader saves at least $600 a year by getting all this for free through EmpireOption, and not many brokers out there offer quality market analysis. As for the weekly promotions, they are only revealed to clients, but these must be equally interesting too.

Visit Empire Option official site

Empire Option

Visit Official Website

    Headquarters: Uruguay

    Year founded: 2010

    Regulated: Yes

    Accepts US traders: Yes

    Platform: SpotOption

    Minimum Deposit: $100

    Minimum Trade: $5

    Maximum Trade: $1.000

    Deposit Bonus: up to 100%

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