ZeOption is a binary option broker that emerged in 2010. It is one of the few traders to use the trading platform of the HelloBinary company, mainly present in the Anglo-Saxon market. Since 2010, ZeOption has been receiving a lot of bad publicity.
ZeOption proposes to open an account with a minimum of 100 dollars for a minimum position of 20 dollars, which is catastrophic in terms of money management. Traders who are trying to make the minimum deposit would trade with at least 20% of their capital position.
Note, however, that opening an account on ZeOption through this link allows you to enjoy an exclusive bonus of 100% instead of 50%. Although this will enable you to lower your risk of market exposure by reducing it to 10% of your capital, it is still far too high.
ZeOption offers a maximum yield of 95%. This accepted minimum deposit and maximum yield that a trader can hope for places ZeOption among the brokers that offer the lowest deposit as well as the highest yields.
Through its platform, it is possible to trade on a selection of approximately 42 assets. These assets comprise currencies that include totally exotic pairs like AUD / ILS which, for those who are not aware, is the pair that comprises the Australian Dollar (AUD) and the New Israeli Shekel (ILS) as well as the EUR / HUF, which is composed of the Euro and Hungarian Forint as illustrated in the following graph:
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 ZeOption platform is also available in English.
The remaining assets relate to the indices (Cac, Dax, Dow, Johannesburg Stock, Nikkei …) and commodities (gold, silver, corn, oil…).
As previously stated, ZeOption uses the trading platform of the HelloBinary provider. ZeOption could be described as a pure binary option broker since it offers only one trading mode, namely the High / Low mode. There are only 4 possible maturities: 5 min, 15 min, 30 min and 1 h.
The platform is rather fast and ergonomic. A position can be opened with a few clicks. One interesting thing is that it is possible to switch to full screen mode and trade on a totally different platform.
It is unfortunately a pity that this full screen mode only allows to enlarge the graph. It would have been interesting to at least graph support and resistance, and even add a few basic indicators. Also, it would have been interesting to view where the end of the term is situated on the graph.
It will still be necessary to examine the yields more closely, because during the test yields did not exceed 75%, far from the 95%. All yields were between 65% and 75%, whether on the indices, shares, currencies or commodities.
You can only make a deposit by bank card in a few clicks. There are many conditions for withdrawals . You need to maintain 30 days of activities on the platform and you should have traded 20 times the bonus value. There is a minimum of 15 days to receive your withdrawal. A 45-dollar fee will be charged to you for any withdrawals of less than 1000 dollars and 5% for higher amounts.
If the client does not meet these conditions, s/he is not entitled to withdraw the deposit. The gains will be forfeited and you must pay a penalty of 30% of the withdrawal request and 280 dollars for the application fee. Basically, if you request a withdrawal when your bonus is not released (there is no way to know the status of one’s bonus on the website), ZeOption will alarmingly reduce your account.
You can never withdraw more than 10 000 dollars per month. The higher amounts will be spread over several months. On the other hand, there are no limits on deposit.
When we examine the general conditions, we can understand why ZeOption’s reputation is presently at ground level. One loses count of the dissatisfied clients on the different forums who are unable to withdraw their capital much less their earnings.
ZeOption does not offer anything new and has no advantages compared to regulated brokers. Therefore, it is of little interest to open an account. The High / Low trading mode is offered by all binary options brokers along with other modes. The 95% yield could be attractive in the event that it is effective only once a day and in a single maturity. Therefore, we will steer away from this broker and invite you to consult the list of brokers having an excellent reputation.