Magnum Options Review
The platform of the Magnum Options is powered by SpotOption, a known name in the binary options trading fraternity. The site also utilizes Leverate services to provide the market feed. The site claims to provide state of the art technology to ensure security, accessibility and trader’s satisfaction.
The website follows black, white and antique gold palette to give you the feel of a soothing site. It displays the account opening form at the start of the homepage along with a couple of asset (hot assets or most traded assets) graphs and a contact information at the center. The current asset prices are also available through a scrolling feed at the top of the homepage. The website offers transactions in currencies, commodities, select indices and stocks for the traders. The site also has tabs for binary, pairs, long-term trading options, one touch options, 60 sec expiry options, ladder options, FX/CFD and spot follow options to give immediate access to chosen type of assets. It also has a small icon on the asset graph which provides advisory based on technical indicators like RSI, Moving Average, and Bollinger Bands to deliver an advice on whether to buy a call option or put option to their clients.
The strategy adviser is just a click away and takes about 10 seconds to scan through the market data and give a recommendation to their clients. The spot follows tab pairs you with the top traders on the site, and allows you to allocate funds in order to follow and execute the trades of the top traders. It also offers you an option for how long do you want to follow a particular trader and for what value. It’s one touch tab allows you to trade an asset whether it will reach a target price or not. In such trades, the investor makes money if his/her prediction turns out to be true.
Magnum Options mainpage
The site has a menu button on the top left corner to give access to opening an account, trading, FAQ, support information along with information regarding various learning tools offered by the broker. Under the academy tab, it offers a sea of knowledge for the customer through various courses; beginner’s course, advanced course, binary options, in-depth course and trading e-book. The guides are very well written with many examples to give you ample information regarding the binary options. The knowledge option has one of the most comprehensive and in-depth information regarding options to satiate all categories of the trader. I would definitely suggest utilizing this service to update or gain the knowledge and improve learnings regarding the binary options.
The account opening (demo or real) requires a standard form filling, which seems too much for a demo account, as there are several brokers who provide one click demo services even without registering. The company provides bonuses up to 100 percent with about 81 percent payout ratio to their registered clients. It requires a minimum deposit of $200 while one can invest as low as $10 per trade. It accepts payments in USD, CAD, AUD, GBP, and EURO. Although the Magnum Options accepts customers from across the globe, it restricts the residents of the United States from registering.