Option 888 Broker Review

More investors are turning to Option 888 as the go-to binary options brokerage that offers a variety of binary versions in comparison to others. This brokerage is relatively new having started it operations in the year 2014. Despite this, it has been attracting investors due to its more effective and easier investment software that deals with investment instruments like stocks, commodities, indices and currencies. It simplifies its binary trading options to all types of traders including the very new and helps them to analyze its wide choice of assets.

The Option 888 binary options brokerage is based in Malta but has satellite offices in Germany, France, Sweden, Holland, Spain and other European countries. It provides a very easy to use trading platform that enables the investors to enjoy excellent money management features that can’t be found anywhere else. It offers three types of binary options for trade that are exclusive to this brokerage. These options include Touch, Digital and Range.

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Option 888 Broker Review

 

Option 888 offers a 100% welcome bonus on the initial deposit to any new trader which features a minimum deposit of 250 dollars up to a maximum of 1500 dollars. This is not all as many more additional bonuses are also on offer. Option 888 treasures the education of its clients and offers a series of both introductory and advanced binary options training videos and e-books. This thus ensures that their clients are the best informed in the market thus enhancing their trading success rate.

Customer Service and Support

Option 888 has a multilingual website that caters for its global clientele. This website supports quite a number of languages including English, German, Danish, French, and Swedish, just to name a few, with many additions coming up. For support, a live chat is also available and can be found on the lower right corner of the site.

Other communication facilities include email, Skype and phone. There is also a FAQ page that needs improvements like the inclusion of themes to make it faster for investors to find answers to their questions.

option 888 main page

option 888 main page

Trading Platform

Option 888 uses a wonderful trading platform that covers the whole browser window. It is easy to use and has very accurate graphs and trading experience. This platform, which is supplied by Tradologic, offers Turbo/60sec, High/Low, One Touch, Long Term, Range Options and Touch Options. These are very unique and rare options that are only found at Option 888. The platform is known to offer many assets for trade that includes about 27 indices, 30 currency pairs and 20 commodities. There are over 150 stocks that one can choose at Option 888.

Payouts

The payout system of Option 888 is highly rated and offers returns of up to 89% which is good by any standards. The returns differ from the types of assets that are traded and this requires proper choice of strategy for maximum profit margins.

 

Banking

Financial transactions at Option888 are convenient, fast and reliable. Global currencies which include the Euro, Dollar, Sterling Pound and other major currencies can be deposited or withdrawn from your Option888 account by credit cards, wire transfer or a mailed check from the brokers. Deposits are also offered through a number of alternative methods which include Sofort, Ideal, Trustly and PaysafeCard.

The minimum deposit amount at the moment is 250 dollars and the maximum is 1000 dollars. The minimum transaction rate for each trade stands at 10 dollars which is much lower than other trading platforms. This helps new traders to start up and gain experience by taking advantage of the lower rates. Also available to encourage new traders is a bonus of 100% of the deposit amount.

payouts option 888

payouts option 888

Account Types and Bonuses

Option 888 is a very professional binary options broker that embraces all types of traders from the very experienced to the newly inducted. It features a standard account that has some of the finest and most flexible account types which include the Gold, Silver, Bronze and Platinum accounts to choose from depending on your expertise and efficacy. Silver, Gold and Platinum accounts are upgraded accounts types which offer you additional benefits. These accounts will enable you to maximize on your profits with advice from your personal broker.

The main bonus that is offered by Option888 is the 100% bonus on the initial deposit of up to 888 dollars. Active traders are also rewarded depending on their trading rates and amount of assets used. Higher trading activities are rewarded by higher bonuses and you can even get a VIP status. With a VIP status, you can get invitation offers to special events, higher yields and you can be assigned a personal broker.

Binary Options Available on Option888

Option 888 offers a wide range of trade options to choose from. They range from

  1. Turbo options– The Turbo option is a popular option for investors who love short term investments and quick returns. The most popular Turbo at Option 888 is the 60 seconds one.
  2. High/Low options – This is a binary option that is mostly known because it is the traditional option. It touches on the increase and decrease in performance of an asset. If an investor speculates that an asset will perform better s/he chooses the high option. After the trading period expires and the assets would have performed above the investor’s prediction, the trader receives his/her money back with a certain payout on top. On the other hand, if s/he believes that an asset will perform dismally s/he will take the low option. If the assets perform as dismally as expected then the trader gets his/her money back plus a payout. In case the asset index remains the same, no payout is made. The trader only gets his/her money back instead.
  3. Range options– this is a type of option where an investor speculates if an asset will expire within a given range. This is usually based on tunnel trading and it is an exclusive option that is only available at Option888. One must speculate whether the price of a particular asset will expire in or out of the speculated range. All the payouts here range from between 75-81% return on investment.
  4. Touch option– This is also a new kind of binary option trading which is based on Forex trading principles that are easy to learn by new traders and investors. In touch trading, you must predict whether an asset will be capable of touching an arranged strike before its time of trading expires. When correctly predicted, a predetermined payout of between 75-85% is usually made.
  5. One Touch – The One Touch option relates to a choice of whether it will touch the value of the asset or not (No Touch). These are particularly important in fluid or volatile markets with fluctuating values. They are also favorable in flat markets.
option 888 trades

option 888 trades

Mobile App

 

Option 888 has a mobile app that is compatible with most mobile operating systems including android version 2.2 and higher, and iOS. This mobile app was updated in 2014 and that enables it to operate as the full website version especially the trading window. The display has clarity and features a wide range of facilities that enables investors to operate their accounts fully from anywhere. These facilities include open trades, cashier, trade history, profile settings just to mention a few. These functions feature very prominently in Option 888 mobile app and make it very efficient in terms of mobile trading.

 

Option 888 Asset Index

This binary option broker deals with quite a number of assets that are not only quantitative in nature but also offer quality. It handles a variety of commodities, stocks currencies and indices that offer a nice trading experience to any trader. These assets include about 20 well known commodities, about 30 currency pairs, 27 indices and over 150 stocks to choose from. This wide variety of assets gives traders the much desired flexibility when it comes to investment choices. The commodities include zinc, soybeans, lead, and nickel among others. While the most common indices here feature global brands like Nikkei, Nasdaq, S&P 500 and others, the stock list is wide and comprehensive but features companies like Google, Coca cola, Alibaba just to name a few.

Training and Support for New Traders

Option 888 imparts the most needed education to its clientele who are among the best informed in the market. It provides a number of e-books and training videos which touch on binary options operations and other related information that improves the success rate of most traders. Traders dealing with Options 888 are very knowledgeable especially in regards to the operations of binary options. The binary options broker not only deals with experienced traders but also embrace novice traders who become experts in no time given a wide variety of educational materials that is always available to interested parties.

option 888 features

option 888 features

Signal

Option 888 has a very professional signal service that is arguably one of the most accurate in the whole Forex and Binary Options industry. This makes work much lighter by using its broad database in determining different aspects of trade. It simply sends a signal to every account that is signed to it in making a trade.

Conclusion

Being a new entrant into the binary options business, Option 888 has stamped its authority as a binary brokerage of repute due to a number of unique features that are associated with it. It’s very prominent trading platform is unique and is setting the pace in the binary options industry. Another very glaring advantage is their very fast and efficient withdrawal services. When traders need to make withdrawals after making a profit, it is always a nice thing that the transaction is done as quickly and as securely as possible.

On the downside is that this particular brokerage does not accept US citizens and this makes it not to be an all-embracing brokerage that is expected to deal with traders from across the globe.

For easier binary options trading, the use of the Binary Option Robot is highly recommended. This is a trading software that is automated and which generates signals and executes trades automatically. It is capable of analyzing trends in the market in real time and also able to calculate the values of trading indicators. This helps the trader in choosing which risks to take from a position of knowledge. It helps the traders make choices about high risks-high returns trading. It is a useful resource to traders in binary options trading.

 

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