Our comprehensive test of the TopOption platform

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TOPOPTION is a very young binary option broker who was born in 2012 and belongs to the Markets.com Forex broker. This is probably why it has already obtained its regulation from the CySEC, a Cypriot control authority. It has chosen the SpotOption platform for its clients, which remains the reference for trading in binary options.

Trading with TopOption

TopOption authorizes the opening of an account from 100 dollars for a minimum position of 10 dollars to trade in the Call / Put mode and a minimum position of 5 dollars for the 60-second trading . These low imposed amounts allow traders to include in their trading plan an acceptable money management by trading not more than 5% of one’s capital position. However, it is still preferable for beginners to trade with a money management of less than 5% of one’s capital.

You can claim a maximum yield of 85% for a maximum return on loss of 30% with the Builder option. Note that the return on loss is proportional to the yield. For example, a yield of 85% is associated with a return on loss of 0%, while a yield of 55% corresponds to a return on loss of 30%.

TopOption invites you to trade on a selection of 57 assets that remains less significant than most brokers, but that is largely sufficient for a beginner trader. Among these assets, you have currencies that include all the major ones and a so-called exotic pair (USD / TRY – US Dollar and Turkish Lira).

Shares (Google, Fiat, Coca-Cola, BNP, Apple …), a significant selection of raw materials that include gold, cotton, coffee, oil, platinum as well as corn, wheat and sugar are more rarely found with binary options brokers. And finally, indices (Cac, Dax, Dow, Dubai …).

The trading platform

As mentioned previously, TopOption uses the SpotOption trading platform, thus we will essentially find the same platform as with all brokers that have made ??the same choice. Firstly, with the professional platform that allows you to place orders in the Call / Put mode, but also to double one’s bet during the position, to resell one’s position at any time directly via TopOption at the price that this one is ready to buy or else postpone your option on the next maturity. This is called Rollover.

topoption-option-binaire-plateforme-pro

The images of this article are in foreign language because the test has been originally realized for the French version of the website. However, note that the TopOption platform is also available in English.

Subsequently, there is still the possibility of using the WebTrader, with a rather ergonomic platform since it can simultaneously display up to 2 pairs, although I personally would have liked the possibility to display at least 4.

topoption-option-binaire-plateforme-webtrader

I do however like the possibility to access the history of our current and expired positions directly underneath our charts rather than on a different page. Thus, we have access to such information without having to leave our trading platform.

With this WebTrader, TopOption allows you to trade in the Up / Down (Binary Options) mode but also in the OptionBuilder mode, which allows you to build your own option by choosing the asset, as well as the desired maturity, profit and investment.

 

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The recent proposed modes are the OneTouch, which works only on weekends, and the short-term with maturities of up to 60 seconds. With the 60-second mode, you can expect a lower yield of about 70%.

Training center

TopOption is part of the brokers offering the best training in binary options. In fact, it has a learning center that includes online courses and a video library. However, these courses are intended for absolute beginners. It only contains the basics of trading that include for example the explanation of the meaning of the Japanese candlesticks, trends or support and resistance.

topoption-videotheque

 

Opening an account – Deposit and Withdrawal

TopOption authorizes deposits and withdrawals by credit card, bank transfer, webmoney and Fast Bank Transfer. We regret that it is not possible to make a deposit via MoneyBookers. Like all brokers, it requires proof of identity in order to validate your trading account. Please note that you can send your documents directly from your member area.

Besides, please be aware that opening an account via TopOption through this link allows you to take advantage of an exclusive 50% bonus instead of 0%.

Finally, note that TopOption is part of the brokers with which withdrawals are easy and guaranteed.

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Conclusion

TopOption is a broker that is similar to all brokers using the SpotOption platform. However, the fact that it is attached to a Forex broker and it has obtained its CySec regulation reassures its seriousness and its ability to satisfy its customers both in terms of trading performance as well as customer satisfaction. However, this broker remains young within the binary options market and should therefore prove itself for beginners and experienced traders in order to completely be trusted.

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Comments

  1. Admin said: 30/07/2013

    Have you got any questions about the test of TopOption platform ? Please submit your question here, we will respond very soon !

  2. peter crane said: 02/09/2013

    What is the max dollar Amount you can invest in a single trade..

    • Admin said: 02/09/2013

      You can check the TopOption review to have all the informations about TopOption. The max dollar amount for one position is 10 000USD. Please Note that TopOption has not developed a regular bonus offer but open account on TopOption through bonusbinaryoptions.net allows you to enjoy an exclusive 50% bonus (instead of 0%) of the amount of your first deposit.

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