One of the factors that traders look for in brokers is the payouts system or, in layman terms, the returns. These can make or break a broker’s reputation. GOptions clearly has that in mind as it offers payouts of up to 90%. This however depends on the type of assets traded in. Some assets generally have a large return on investment ratio while other have lower margins. Thus, for maximum profit, the right asses and the proper strategy has to be chosen.
goptions trading program
GOptions assures its clients of safe, fast and reliable financial transactions. This is somewhat credible since its parent company has been dealing in financial services since 2009. They accept credit cards like Delta, American Express, Maestro, MasterCard and Visa.
One can also deposit or withdraw through the various e-Wallet systems available or through wire transfer eg. Skrill. They transact in almost all the major currencies available presumably to cater for all nationalities. They currently do not accept PayPal.
Account types and bonuses
GOptions has a wide array of accounts one can sign up for. The bonuses are paid depending on the amount deposited and the type of account. The different types of accounts are as listed below. For each account, the trader receives regular activity reports via emails.
- Micro Account – Basically the smallest account and easiest to open on the GOptions website. The account is free but a deposit of between $200-$499 is required. Bonus is 25% of the deposit.
- Mini Account – To sign up for this account you will need to make a minimum deposit of around $500-$999 with a 35% bonus.
- Standard account – Listed as the most popular account type on GOptions, the Standard account requires a minimum deposit of $1000-$4999. The type of traders you’re likely to see here are the big moneyed and/or the serious types with quite some knowledge on market analysis and trade strategies. The bonuses are about 50% of the deposit.
- Gold Account – Requires deposits of $5000-$9999 and comes with benefits such as a phone call from GOptions support welcoming you to their site. Slightly higher bonus of up to 75%.
- VIP Account – As the name suggests, this account is for the big time traders with extensive experience in Stock markets. To open this account you need to make deposits of at least $10000. This account has the highest bonus rate 100% of the deposit.
However, to prevent bonus fraud; where people sign up, make a deposit and get the bonus then withdraw and leave, there are bonus withdrawal requirements on GOptions. As a general rule, the bonus is not automatically transferred to the trader’s account unless s/he accepts it. And even if s/he does this, s/he will be required to have a minimum trade volume of about 30 times the bonus amount before withdrawal.
goptions account micro
The bonus may be used freely for trading.