Prestige Option Review – Good or bad broker

Best Binary Options Brokers 2020:
  • BINARIUM
    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!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

Best Options Brokers 2020

Kevin Ott

See a comprehensive overview of the best options brokers for 2020. Regardless if you trade part-time as a hobby, or full-time as a profession, using the best options broker can play a roll in your success as a trader.

Overpaying for options contract commissions, exercise, and assignment fees is a recipe for disaster. Options trading is more expensive than stock trading, so it behooves traders to look for the best options broker with the lowest commissions. These are the best options brokers for 2020, primarily based on cost, but also based on factors like customer service and quality options trading platforms.

Best Options Brokers for 2020

Broker

Trade Fee

When looking at options brokers, of course aspects like trading technology and customer service matter, but at the end of the day, an options trade is an options trade.

Whether you have 1,000 long call options on Apple stock or 2 short put options on Facebook stock, once the position is on, your choice in options brokers isn’t going to determine the profitability of your position.

As such, it’s paramount to keep your options fees as low as possible. Although your broker won’t determine the success of an individual options position, overpaying in options commissions will certainly take away from your overall success as a trader. Every dollar you spend on commissions, statistically speaking, makes you less likely to be a profitable trader – most people overlook this fact.

Moreover, options contracts are where brokers make a significant portion of their revenue, because there are set timeframes for options (expiration dates), so options are therefore traded much more actively than stocks because they cannot be sold/bought and held forever. Plus, charging $0.50 to $0.75 per contract, with an industry-standard base charge of $3.00 to $9.00, quickly adds up for multiple contract and multi-leg orders, like iron condors.

With all of this said, our top options broker for 2020 is Ally Invest. Out of all of the brokers that offer 24/7 customer service, Ally has the lowest fees for options trading, plus no inactivity, maintenance, or market data fees of any kind. Bottom line: Ally’s 24/7 customer service offers peace of mind, their low pricing blows the competition out of the water, and you get free access to options trading and analysis software.

PrestigeOption Broker Review 2020

PrestigeOption is closed.

Due to CySEC’s decision, PrestigeOption no longer provides binary options bonuses!

PrestigeOption is a binary options brokerage company that has a mission to provide practical trading services with a modern and effective approach to trading. PrestigeOption is a relatively new company and according to their site, their mission is to provide first class access for all types of traders, no matter if they are beginners or have previous experience.

Best Binary Options Brokers 2020:
  • BINARIUM
    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!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

It is interesting to know that this broker has a CySEC license (License no 296/16) and according to their site, traders have the opportunity to gain up to 85% returns. Minimum deposit starts with $250 and the minimum investment is only $10. PrestigeOption is available on mobile platform too and traders can contact the broker through various communication channels.

What we think about PrestigeOption you can find in the further review.

PrestigeOption Account Features

Due to CySEC’s decision, PrestigeOption no longer provides binary options bonuses!

We are all aware that the better the account types, the greater the options are for traders when registering with a certain broker. In our PrestigeOption broker review, we have analyzed what this broker has to offer and we have found a lot. We are convinced that traders will find the appropriate trading account that will fit their needs and trading strategy.

PrestigeOption offers six different account types for its traders. Since each trader has different trading habits and preferences, PrestigeOption also strives to provide different trading options for its traders with different account characteristics.

For traders who would like to start with the minimum deposit amount, PrestigeOption Bronze Account has a minimum deposit amount of €250. Traders who opt for this account will receive economic info and will have over 100 tradeable assets to invest in.

PrestigeOption Silver Account has a minimum deposit amount of €5000. With over 100 assets, traders will also get 2 training sessions, economic info, weekly market review and basic training videos.

PrestigeOption Gold Account has a minimum deposit amount of €10 000. Traders will get an additional training session with the previous 2 included economic info, twice a week market review, and advance training videos.

PrestigeOption Titanium Account is available for traders who want to deposit a minimum amount of €25 000. With over 100 assets, there will be 5 training sessions, economic info, market review 4 times a week, advance training videos and 1% dividend amount.

PrestigeOption VIP Account has a minimum deposit amount of €50 000. This account provides unlimited training sessions, economic info, daily market review, advance training videos, 2% dividend amount and special concierge services.

It is only possible to become a trader with a PrestigeOption Platinum Account by invitation only from the broker. If you want to deposit a minimum amount of €100 000, you can contact your account manager for further information regarding the Platinum Account.

PrestigeOption Trading Software

PrestigeOption uses a TradeSmarter trading platform. The platform contains over 100 underlying assets and is able to optimize how they view the platform with features like List View, Box View, and Selector View.

With List View, traders can choose to have all asset types displayed; currencies, stocks, commodities, indices, and pairs. There is also Top Picks tab and Favorites tab. Other features that are included on the PrestigeOption platform are Short-term, Long-term, Risk-O-Meter, and Trader. Short-term has expiry trades of 5 minutes, 2 minutes, 1 minute and 30 seconds.

The long term feature allows expiry times within one or two days.

According to PrestigeOption, Risk-O-Meter is a feature that allows traders to set their own risk levels while trading. Trader option should give insight to all PrestigeOption traders to all call or put executed for available assets on the platform.

PrestigeOption also provides mobile trading for Android and iOS devices. Traders can download the app and trade on the move.

PrestigeOption Support Information

PrestigeOptions provides information services on their website in English, German, and French. For traders who would like to contact them, PrestigeOption has a contact form for traders to send any inquiries. They have phone numbers in Cyprus where they are originally located and in Germany.

Their working hours are from 8 am to 8 pm, Monday to Thursday, and from 8 am to 1 pm on Friday. Traders can also contact PrestigeOption Customer Support via live chat on their website. If traders forget their account password, they can choose the “forgot your password” option on their home page log in and they will receive an email with a new password. In case you have forgotten your username, you should directly contact PrestigeOption customer support.

PrestigeOption has an FAQ section where traders can help themselves with some basic information related to binary options trading and this broker.

There is also a PrestigeOption Training Center where traders can choose among Live Webinars, Video Center, E- Book and Glossary.

Tip: Trade with reputable and regulated brokers on FX-Advisor.

PrestigeOption Company Information

As we have mentioned on the beginning of our PrestigeOption review, this broker is licensed with CySEc regulation. PrestigeOption is a brand owned by a Leadtrade Ltd that is registered in Cyprus.

PrestigeOption has enabled many payment services in order to provide a great selection of payment options for its clients. Traders that trade with PrestigeOption are welcome to deposit using four different payment options. The first option is to deposit with one of many credit cards: Diners Club, JBC, Maestro, MasterCard or Visa. Minimum deposit with PrestigeOption is $250 and if using credit cards traders need to be authorized to use it for online purchases.

Another way to make a deposit with PrestigeOption is to use some of the local payment methods that are available for traders. Local payment methods include Qiwi, Bancontact, WebMoney, LightStream, iDeal or CashU.

Traders that prefer to deposit using E-Wallets can use Skrill or Moneybookers. In our PrestigeOption broker review, we have found out that broker doesn’t charge it’s clients with any additional fees when they make deposits on trading accounts.

Fourth payment options allow traders to use a secure bank wire to deposit with PrestigeOption. The minimum bank wire deposit amount is the same as for other three payment methods. According to PrestigeOption policy, traders that decide to deposit through bank wire will have protected personal information and it will be kept safe. Depositing funds through bank wire may apply some additional fees by the bank. PrestigeOption recommends their clients to first contact their bank in order to find out more about possible fees and charges.

Traders are allowed to make a deposit in EUR or other currencies, but it is important to know that in the case of using a different currency, the deposit amount will be converted in PrestigeOption official currency at the international exchange rate on that date.

When we speak about withdrawal with PrestigeOption, we have found that traders don’t charge any additional charges nor there is a minimum withdrawal amount policy. In order to make their first withdrawal with PrestigeOption, traders have to verify their account and provide some documentation first.

Withdrawal requests are being processed within 48 hours. After the PrestigeOption has validated your withdrawal request, traders will receive their funds within five to ten working days, depending on the payment option.

Traders who trade with PrestigeOption are properly introduced on the broker’s website with the risks regarding binary options trading. There is also the opportunity for traders to educate themselves with more trading details in order to minimize their trading risks.

Broker ExpertOption

Broker rating

ExpertOption – another broker among the young companies, offering binary options trading services. The company is registered in 2020 in Great Britain, but there is still no information whether it will get the British FCA license or not this year. But the license of Russian regulator CROFR was issued long ago and is still active.

Partially the product is similar to those that the young brokers have, that were registered 1-2 years ago:

  • emphasis on the trading platform and its features, functionality (ExpertOption has proprietary trading platform with high execution speed);
  • a fairly broad set of classic options and assets;
  • low threshold for entrance into trade with the aim of attracting potential clients.

Advantages of trading conditions of ExpertOption:

  • free demo account (part of functions are limited, access to statistics is denied);
  • profitability up to 95% from the transaction;
  • more than 180 of available assets;
  • minimum deposit – 10 USD (or 500 RUR), minimum stake – 1 USD.

There is a tutorial block of trading recommendations for the beginners. For real traders ExpertOption offers 5 types of accounts depending on the deposit. Minimum deposit (in rubles) is 500 RUR, maximum 200 000 RUR.

Variants of options are rather limited from ExpertOption: so far only the classic quick options with the expiration time from 1 to 3 minutes are available for the investor. Soon the long-term options (24 hours and 1 week) should appear.

The main feature of deals from ExpertOption is that the broker provides, in some cases, a refund of 30-50% of the investment in case of wrong prediction, whereas other brokers in most cases do not return the money, calling it a loss of the investor. However, 30% are returned when with Silver status, 50% with Vip status.

Piculiarities of ExpertOption trading platform:

  • easy visualization of trade: the graphs in the form of American bars, Japanese candlesticks, linear method;
  • it is possible to put three popular indicators: moving averages, Bollinger bands, alligator;
  • convenient interface and changeable number of Windows (for example, it is possible to work with 4 independent options).

After you tried the free demo account, where 1000 points are offered for the experiment, we offer to try your forces on real trading. Quotes for any asset are displayed in ExpertOption trading platform in real time if the real account is opened (the quotes provider is Claws&Horns). To register: enter contact information, confirm email address, add fungs at “Finances” section. Depending on the Deposit amount a trader can be assigned various status that determines the amount of bonuses offered by the broker.

  • Important: the bonuses provided by ExpertOption, must be worked out in consequence. Therefore, we strongly recommend that before you accept the bonus, contact the Manager and clarify what it will require in the future.

Trading platform has the function of copying the trading (social trading). Although it is difficult to surprise, however, each terminal has its approach to this function. How to manage the service “Social trading”:

  • choose trades on the sidebar whose transactions are showing the highest yield;
  • track transactions for multiple traders;
  • copy their trades.

Remember that the speed in making a decision is important in short-term trades! And the trade copied from the successful trader with a delay of 30 seconds on the contrary could be wrong.

Replenishment is possible via a popular e-wallets, and Bank cards of international payment systems. Deposit currency is US dollar and Russian ruble. Withdrawal of funds is carried out within 3 days. For verification data a passport scan and scan of the card on which money can be withdrawn can be required.

To sum up: ExpertOption is gaining its weight in the market of binary options. Some of the benefits of the broker are obvious: the minimum rates, small deposit, expedited withdrawals. However, in order to feel the real difference of ExpertOption from other brokers, you need to try to work with him. We are sure that you will certainly find something interesting in it.

ExpertOption – reliable broker for good income!

24Option Scam Review – Fully Regulated Binary Broker (Safe & Secure)

When it comes to brokers, 24Option is a leading pillar within the industry offering several features and accommodations for fulfilling the needs of all trader experiences. Because binary option trading has grown significantly popular do to its simplified process of generating online profits, there’s no shortage of questionable brokers guilty of shady practices. However, traders can feel safe knowing that 24Option.com has continuously provided quality services to the community for over half a decade. Since its early insurrection back it 2020, 24 Option has proven itself with safety & security to their client’s funds, in combination with responsive round-the-clock customer service. Within the following 24Option review, we’ll discuss various important factors highlighting what traders will expect which makes this broker an ideal choice. If you’re just starting your trading journey, you’ve come to the right place!

24Option Review – General Overview

  • Assets – 100+
  • Minimum Deposit – $250
  • Minimum Trade – $24
  • Payout – 85%
  • Regulated – CySec
  • Platform – Tech Financials
  • Demo – Yes
  • Funding Methods – Major Debit/Credit Cards, Skrill, & more!
  • Mobile Trading – IOS & Android
  • Bonus – 100%
  • Education – Free Video Tutorials, Webinars, EBooks

24Option Scam Review

24Option.com competitively remains the next generation of Binary Option brokers and its operating company (Tech Financials) is among the founding fathers of the Binary Option Industry. Overtime they have updated & upgraded their offerings within their trading system in attempts to remain among the most superb brokers available today. 24Option broker operates on the Tech Financials trading platform which has gone through some recent re-branding to ensure traders receive top-notch quality service. It’s fairly evident why many traders favor investing with 24 Option because they offer a wide variety of features for Binary traders, but more importantly security. In efforts to prove & hold regulation compliance, 24Option.com platform sparred little time in applying for regulated license and prides itself in complying with the necessary guidelines laid out by regulatory commissions.

Is 24Option Broker Regulated?

Located in Cyprus, 24option is binary broker favored by most traders in this industry. Largely due to the fact that this broker is a proactive broker that offers many incentives to its traders on a regular basis. Formerly owned and managed by CBAY Financials, 24option today is under the management of a different holding company called Rodeler Ltd since late last year. The broker is still regulated and licensed by the Cyprus Securities Exchange Commission (CYSEC) under the license number: 207/13. When searching for a new broker, depositing with one who’s holding a regulation licenses is most recommended. Their strict regulations protect you from losses should the worst happen. 24Option.com maintains a strict amount of compliance with regards to services they provide, containing high levels of privacy & top levels of service to their clients. U.S. Trader Note: For USA-friendly brokers, click here for full list of compliant brokers servicing the United States.

24 Option Review – Trading Format

As you can see from their displayed infrastructure, its clear to understand from a clean and intuitive interface that you have various trading options. Other than the standard Call/Put, four additional methods of trading including High/Low, One Touch, One Touch, & Turbo. You’ll notice a full trading list of all available pairs that can be filtered within different categories such as Commodities, Currencies, Indices, and Stocks. On the bottom right-hand side below the asset chart are addition tabs consisting of Open Trades, Trade History, Trading Alerts, and Economic Calendar rates at your fingertips for easy access to understand upcoming market news. Very useful for traders who know how to trade when financial results are released and watch their effects on market’s movements. Everything within 24 options has been integrated together so traders can find necessary tools without leaving their current screens. Thus saving you time and avoiding distractions while trading.

Best Binary Options Brokers 2020:
  • BINARIUM
    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!

  • BINOMO
    BINOMO

    Recommended Only For Experienced Traders!

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