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EmpireOption Review
Company info: | |||||||||||||||||||||||
Name | EmpireOption | ||||||||||||||||||||||
Website | empireoption.com | ||||||||||||||||||||||
Foundation Year | 2020 | ||||||||||||||||||||||
Trading conditions: | |||||||||||||||||||||||
Min. Deposit | 200 $ | ||||||||||||||||||||||
Payouts | 75 % | ||||||||||||||||||||||
Trading Assets | Currencies (Forex), Indices, Stocks, Commodities | ||||||||||||||||||||||
Option Types | High/Low Options, One Touch Options, Range Options, 60 Second Options, Pair Options, Short Term Options | ||||||||||||||||||||||
Payment Methods: | |||||||||||||||||||||||
Credit Card, Wire transfer, Skrill, Neteller, Payza, CashU | |||||||||||||||||||||||
Other Features: | |||||||||||||||||||||||
Accept US traders | |||||||||||||||||||||||
Affiliate program | |||||||||||||||||||||||
ProfitF BONUS: | |||||||||||||||||||||||
Account Type | Minimum Withdrawal | Processing Period | Cost |
Micro Account | 200 units | 10 working days | $30 |
Classic Account | 100 units | 7 working days | $25 |
Plus Account | 100 units | 5 working days | $20 |
Preferential Account | 1 unit | 3 working days | $10 |
VIP Account | 1 unit | 1 working day | Free |
Trading Platform
Empire Option uses the popular SpotOption web based trading platform as well as mobile trading applications for Android and iOS.
Empire Option Web Based Trading Platform Features;
- Candlestick and area charting
- Multi-timeframe charting
- Traders’ sentiment index
- Several Option types available on the same platform
- Spot Forex trading is available on the same platform
- Ability to view open and closed positions classified according to option type
Cons;
- Limited charting area
- No technical indicators
- No technical drawing tools
Figure; Empire Option Web Based Trading Platform
Empire Option’s iFollow feature allows traders to follow other successful traders and copy their trades into their own trading account.
Figure; Empire Option iFollow Social Trading Feature
Empire Option Signal Service
Holders of a Plus account and above at Empire Option are able to access trade signals. Plus account holders are able to access signals from 1 asset group, 2 asset groups for Preferential accounts and 4 asset groups for VIP accounts. Signals are provided by FAUNUS
Figure; Empire Option Signal Service
Education
Empire Option offers the following educational resources; news, economic calendar commentary, Empire TV, tradebooks, seminars and an economic events simulator.
Pros and Cons
- Social and copy trading is available in the trading platform
- Trading signals are available
- Resourceful education section
- Mobile trading
- Up to 5 account types to choose from
- Several option types to choose from
- Spot Forex trading on the same platform
- Customer support in several languages
- Several payment methods are available
- US residents are not allowed
- Non-regulated broker
- The trading platform is not suitable for technical analysis
Customer Support
- ‘Contact Us’ via web form
- Live Chat
- Email Support
- Phones; English (+1) 212 845 9749
Spain (+34) 932 202 011
Argentina (+54) 11 5078 9783
Mexico (+52) 722 477 9925
Chile (+56) 45 294 3753
Colombia (+57) 4 204 0553
Peru (+51) 17 061 987
Venezuela (+58) 212 720 1913
- Email; [email protected]
- Address; Baumann & Kraus Enterprises Ltd, Address 1A, Arcade House, Temple Fortune, London, NW 11 7TL, United Kingdom
Conclusion
EmpireOption is one of the many binary options brokers running the SpotOption web based trading platform which has become very popular with traders. Empire Option also offers good trading conditions, however, it is yet to be a regulated binary options broker
Please post Comment/Review about “EmpireOption”, if you have any experience with this Binary Options broker. Use tab “Comments” (top of the page)… Now, everything seems OK with Empire Option. “ProfitF” will keep monitoring this broker and update this review if any changes take place.
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EmpireOption.com Reviews
About EmpireOption.com
EmpireOption.com is a web-based binary options broker platform. Through their site, members are able to invest in a selection of over 250 assets, including currencies, stocks, commodities and indexes. The new iPhone, Android and iPad EmpireOption applications enabling them to place trades from anywhere, at any time.
EmpireOption’s easy to use interface is great for new traders and quick to navigate for seasoned traders. There are trading tools which assist investors through its platform functions. With free seminars on binary options, members can discover different investment strategies guided by their professional training program.
Different binary option trading techniques exist within the EmpireOption trading platform. Not only do they offer a Traditional trading method but they also feature Rollovers, Double Ups, 60 Seconds, a One Touch trading system for weekend trades Option Builder to customize portfolios.
EmpireOption Reviews: Deposit, Demo & Binary Options Trading Info
IQ Option No. 1 Software
EmpireOption is based in Uruguay and was launched in 2020. The company’s processing center is in the UK and it utilizes the SpotOption trading platform to offer more than 180 assets for trading. EmpireOption is a cut above binary options brokers that utilize proprietary platforms as the SpotOption platform enables them to offer a wider range of assets.
Besides English, customer support is also available in Portuguese and Spanish. Because they are based in Uruguay, EmpireOption is popular in South American countries like Chile and Brazil. Another point that makes them stand out among binary options brokers is that they offer customer assistance on on social networks like Google+, Twitter, and Facebook.
Deposit and Trade Amounts
All EmpireOption reviews show the minimum deposit amount needed to open an account is $200 and you can make subsequent deposits of $100. The minimum trading amount depends on your choice of either short term or long term options. For short term options, a minimum trading amount of $5 is accepted, while for others you need to invest at least $25 per trade. The highest accepted trading amount is $1000. This broker offers up to 85% payout. For smaller accounts, there are withdrawal fees. Available currencies are USD, GBP, and EUR.
Trading Platform
The SpotOption trading platform offers a modern yet user-friendly interface that can be easily mastered even by novice traders. This platform offers easily accessible features and its services are grouped in segments such as Contact, Accounts, Training (educational materials), Social Trading (features), and Tools (services and trade options).
Demo Account
EmpireOption reviews show that it is one of those binary options brokers that help traders with a convenient demo account. However, you need to open a live account first to be able to use the demo account. The broker gives you $10,000 in virtual money and you can avail this facility by asking your account manager. Use the demo account to learn all about the trading platform and its tools before you invest real money.
Mobile Trading
Please note that you cannot use the mobile version of this broker’s website for trading. However, the mobile version does provide useful info about your account as well as customer support. For mobile trading, you can download apps for Android and iOS devices to empower yourself to trade on the go.
Trading Accounts
EmpireOption offers 5 types of trading accounts:
Micro Account
- Minimum deposit $200+
- Minimum withdrawal $200
- Withdrawal time – 10 working days
- Seminars and tradebooks
- Weekly financial reports
Classic Account
- Minimum deposit $500+
- Minimum withdrawal $100
- Withdrawal time – 7 working days
- Promotions
- Investment strategy – unit 1
- EmpireTV + economic calendar
- Personal account manager
- Seminars and tradebooks – intermediate level
- Daily financial reports
Empire Plus Account
- Minimum deposit $1000+
- Minimum withdrawal $100
- Withdrawal time – 5 working days
- Daily financial reports
- EmpireTV + economic calendar
- Investment strategy – unit 1
- Market simulator
- Personal account manager
- Promotions
- Seminars and tradebooks – intermediate level
- Trading signals
Preferential Account
- Minimum deposit $5000+
- Minimum withdrawal $1
- Withdrawal time – 3 working days
- Daily financial reports
- EmpireTV + economic calendar
- Investment strategy – unit 1+2+3
- Market simulator
- Personal account manager
- Promotions
- Seminars and tradebooks – advanced level
- Trading signals
Empire VIP Account
- Minimum deposit $30,000+
- Minimum withdrawal $1
- Withdrawal time – 1 working day
- Daily financial reports
- EmpireTV + economic calendar
- Investment strategy – unit 1+2+3
- Market simulator
- Personal account manager
- Promotions
- Seminars and tradebooks – advanced level
- Trading signals
Trade Types
EmpireOption offers 4 trade types:
- Short term options (30 seconds, 60 seconds, and 2 minutes)
- Long term options
- One touch options
- Pair options
Promotions and Bonuses
EmpireOption does not offer specific deposit bonuses for the different trading accounts. However, new accounts may be eligible for unspecified bonuses. Talk to your account manager for information on these bonuses.
This broker offers a ‘refer a friend’ bonus under which you if you refer a customer, you will get 10% of that customer’s first deposit in your account. In addition, the friend will also get $50 for trading.
Banking Info
You can easily make deposits using secure methods such as credit cards, wire transfer, online payment solutions, and e-wallets. There is a withdrawal fee of between $10 and $30 depending on the account type. VIP accounts are not levied withdrawal fees. Depending on the account type, the withdrawal time is between 1 to 10 business days.
Unique Features
EmpireOption supports social trading by offering a tool named iFollow. This service allows you to copy the winning strategies of successful traders. Simply choose the traders you want to follow, register, duplicate, and boost your profits.
This broker offers customized classes, trade books, webinars, online courses, and videos on their website. Your access to these training materials depends on the account type you open.
Customer Support
EmpireOption provides 24/7 assistance through phone, live chat, and email. Local customer support numbers are provided for the following countries: USA, Peru, Venezuela, Mexico, Colombia, France, Spain, Chile, and Brazil. Email support is offered in English, French, Portuguese, and Spanish. In addition, you can avail online help in multiple languages. This broker is active on social sites such as Twitter, Facebook, and Google+.
Summary
To sum up, here are the positives: variety of option types, wide range of assets, multiple account types, competitive payout rate, and informative educational materials. On the downside, they are are unregulated. In our opinion, EmpireOption is best suited for professional traders and those who are willing to wager high sums of money. Such investors can open one of the premium accounts and enjoy the benefits offered for them.
-
BINARIUM
The Best Binary Options Broker 2020!
Perfect For Beginners and Middle-Leveled Traders!
Free Education.
Free Demo Account.
Get Your Sign-Up Bonus Now! -