OnlyOption Review

Overview

OnlyOption was created in early 2015, it's a new and competitive binary Options broker focusing mostly on the European market. It is licensed and regulated in many of the target countries, including the UK. It's a serious binary Options broker owned by Safecap Investments Ltd, and powered by Markets.com. It offers 3 account types, Starter, Pro and VIP, where Starter account has a $250 minimum deposit requirement, and Pro and VIP accounts have an $1,000 and $5,000 minimum deposit requirement respectively. Each account has great things to offer, while as expected the VIP account offers increased guidance and support on a more unique, personal level. The accounts offer good welcome bonuses, and more promotions can be expected in the future as well. Minimum trade size is $10, and as low as $5 for short term Options, payouts range from around 70% to 80% to as high as 500% for One Touch Options, these One Touch Options are particularly well designed at Onlyoption.com offering a sense of confidence and clearly defined calculated risk. This broker operates on a free of conflicts of interests base, where the philosophy of the whole company is to profit on the payout differentials and act in the clients' best interests. So there are no fees, commissions in trading, not even in the withdrawal process. Onlyoption.com supports many European languages, offers multilingual dedicated client support, and accounts in many more world currencies such as AUD, JPY, GBP, CHF, NZD, USD, CAD and of course EUR.

OnlyOption

Trading Platform

The trading platform is designed primarily for demanding experienced traders, but it's still easy to use, it offers around 180 assets to trade from, and all the good of the binary Options world, such as Double Up, Sell Early and Roll Over. The charts are well designed, for optimum visibility and come with technical indicators. Also in the platform one will find all the important risk control tools that provide critical knowledge in advance, such as risk reward ratio, and payout figures for every possible scenario, and for different target price levels that the trader wants to explore. Experienced traders in particular tend to check many such scenarios before picking the ideal one, hence these tools are important and all serious brokers offer them. Mobile trading is to be offered soon as well.

OnlyOption

Safety of Clients' Funds & Regulation

OnlyOption.com is licensed and regulated in several countries, including Cyprus, where licensing and regulation is of highest standards and provided by the Cyprus Securities and Exchange Commission (CySEC). This ensures company responsibility, professionalism at all levels, and the safety of clients' deposits through segregated banking.

Deposits & Withdrawals

Deposits and withdrawals are reliable and timely, come at no cost to the client, and they are processed within 24 hours, which is part of the reason why OnlyOption has been well rated by real clients. Payments and withdrawals can be made using bank wire transfer, major credit and debit cards, as well as electronic payment methods such as Webmoney.

Specials

The really unique feature of OnlyOption is the educational material they provide, it's highly specialized and aimed at demystifying the capital markets and the binary Options concepts and strategies to traders, their content explains specific strategies such as the T-Chaser and the Fishing Strip. Their ebooks are also very topic specific, and they explain basic economic concepts from a new refreshing perspective rather than from a dull academic perspective, hence encouraging readers to use their imagination and bring world economics and markets to binary Options. This is important because it teaches traders how to think for themselves and not trade like robots, but also to use binary Options in a meaningful way, so that every trade is unique and exciting and not a 'random dice throw' cut off from daily world events. Another cool feature of Onlyoption.com is their One-on-One mentoring, which aims at helping traders trade better and more selectively through fewer trades but at much larger size, after all big profits are made through selective trading.

Our Verdict

OnlyOption seems to have started well, and we have not even seen everything yet, the company pays particular attention at quality, customer service, and an overall professional way of doing business. Because everything the other brokers had done so far was good, but there were areas of improvement as always. That's why Onlyoption.com offers better charts, better risk control tools, and better guidance and more specific ebooks and materials. All this educational material in particular, did indeed need improvement in the industry, all the other brokers offered ebooks and webinars but the content was somewhat generic and lacked depth. OnlyOption offers education that is still not covering everything, but anything it does cover is explored and explained well, in great depth, and this level of specificity is essential in trading.

There's nothing particularly negative about this broker, except maybe the fact it doesn't offer rebate on losing trades, but the welcome bonuses, personal training, education and accurate execution of trades that it offers help remind you that the point is not to have losing trades anyway, or at least have as few as possible. Hence the fact that they don't pay a 10% refund does not matter except to penny wise pound foolish people... the point is that this broker wants its clients to win and does everything possible to make that happen so that traders can have winning trades. VIP account holders in particular are aided for selective, extremely serious and profitable trading where the objective is to win big, not to lose 90% and worry about a 10% refund.

Visit OnlyOption Official Website

OnlyOption

Visit Official Website

    Headquarters: Cyprus

    Year founded: 2015

    Regulated: by CySEC

    Accepts US traders: NO

    Platform: SpotOption

    Minimum Deposit: $250

    Minimum Trade: $5

    Maximum Trade: $10.000

    Deposit Bonus: up to 100%

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