Magnum Options Review

Overview

Magnum Options was established in 2013 as a competitive binary options broker aimed at filling the gap in the market for German and Italian speaking clients. Magnum Options has a minimum deposit policy of just $200, and minimum trade size of $5, and accounts can be opened in many different currencies. Payouts range from around 70% to over 500%, and the overall service is exceptionally good through the provision of accurate market data by Thomson Reuters and the reliability of the trading platform. Magnumoptions.com offers four different account types, and each comes with its own unique provisions and bonuses. Bonuses on higher level accounts are subject to negotiation and can be as much as 100% in some cases. As with most other brokers, these bonuses come with conditional restrictions attached requiring clients to perform a significant amount of trading before they are allowed to withdraw that bonus money. Regardless of that however, all these bonuses are good and do in fact help clients trade with more comfort. Bonuses and promotions change all the time, but you can expect Magnumoptions.com to offer you all the good bonuses that their competitors would offer, typically these start at 30% for a deposit, and can be up to 100%.

Magnum Options no longer accepts US clients
Click here for a list of USA friendly brokers

 

Magnum Options

Trading Platform

The trading platform features more than 100 assets, and all the latest impressive trading tools one can find only in the top brokers, such as Option Builder, Ladder and more. The platform is web based, but it's also fully available for mobile device and smart phone users. The Option Builder and Ladder trading tools offer enormous flexibility to the serious trader, the trader who is seeking to make directional trades or even hedge spot market investments. MagnumOptions was quick to spot the significance and future of these trading tools so it couldn't leave them out.

Magnum Options

Safety of Clients' Funds and Regulation

Magnum Options is not regulated within the EU, but is still subject to global law concerning basic operating standards. This broker is highly rated as far as withdrawals are concerned and it is considered very safe.

Deposits and Withdrawals

Minimum deposit at Magnum Options is $200 (accounts can also be opened in Euros or British Pounds or other currencies), deposits can be made via major credit cards, bank wire transfer and electronic payment methods such as cashU. Withdrawals can take up to 10 business days but the process is highly reliable no matter the amount.

Specials

Magnumoptions.com offers some impressive courses on trading and trading psychology as well, in addition to that they also offer free in-depth daily and weekly market reviews, and they also offer an automated trading solution. They put a lot of effort on educating their clients because they are a free of conflicts of interests broker and really do want their clients to win.

Our Verdict

Magnum Options is a very good choice for the serious trader seeking to use their Option Builder and Ladder trading tools, the company is very reliable, well above average, and making use of these trading tools in a smart way can allow traders to limit casual losses and extend gains on profitable trades. In the long run the benefits of being with such a broker are very large! While bonuses and promotions are good, the real value is in the extra profitability that their trading tools offer. The Option Builder and the Sell Early tools in particular are worth a lot more than they seem, and not all brokers offer those. Magnum Options make their profits on the payout differentials, and hence there are no conflicts of interests with their clients, they won't trade against their clients and in fact they do desire their long term success in the markets, which is the case with all serious, competitive binary options brokers. Their emphasis on education, and on preparing new traders to approach markets carefully and psychologically prepared is really strong, and it shows the length of preparation efforts that were made long before the company was launched in 2013. Finally they offer the market data reliability of Thomson Reuters, which means your trades' data will be as accurate as they can possibly be, there's no better data source than Reuters, and this is just one more sign of a reliable broker. This broker will undoubtedly gain popularity among British, Canadian, Italian and German clients, since the company is strongly focused on these markets.

Visit Magnum Options official website

Magnum Options

Visit Official website

    Headquarters: Gibraltar

    Year founded: 2013

    Regulated: NO

    Accepts US traders: NO

    Platform: SpotOption

    Minimum Deposit: $200

    Minimum Trade: $5

    Maximum Trade: $10.000

    Deposit Bonus: up to 100%

Magnum Options Website Preview