Magnum Options Demo Account – Is it worth it

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Magnum Options Review

Trading Platform Magnum Options

Magnum Options makes use of the SpotOption trading platform, deemed as one of the most popular trading platforms out there due to its simplicity and flexibility. It is so simple that even novice users won’t find themselves having problems browsing and performing trade features and processes present at SpotOption.

Magnum Option’s trading platform has notable features such as “Close Now” or “Extend” giving traders the ability to halt transactions or stretch them as they see fit.

  • 4 types of trades with large number of underlying assets
  • Choices of different types of trading accounts
  • Good coverage of Market Review
  • High Payout Ratios
  • Numerous bonuses
  • Rebates for Out-of-the-Money trades
  • Secured with SSL Technology
  • User Friendly and Reliable Trading Platform
  • Based in a relatively unknown regulatory environment

Platform type: SpotOption

Platform Languages: Italian

OS Compatibility: iOS, Windows

Streaming News Feed: Yes

Email Alerts: No

Mobile Alerts: No

Company information Magnum Options

Located in: British Anguilla

Website: http://www.magnumoptions.com/

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  • Binomo
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Founded in: 2020

Accepts US Clients: Yes

Phone number: 1-855-217-4642

Email: [email protected]

Account Options Magnum Options

Commission:

Minimum Deposit: $200

Payouts Percentage: 85%

Deposit Options: Credit Card, Debit Card, Bank Wire Transfer, CashU

Withdrawal Options: Credit Card, Debit Card

Payout Ratios: 75%

Available Assets Magnum Options

Forex, Metals, Oil, Gold, Indices, Stocks, Commodities

What Support Does This Vendor Offer?

  • email
  • phone
  • live support
  • training
  • tickets

Customer Support Languages: English, Italian

Customer Service Hours:

Place Trades Over the Phone?: No

Magnum Options Trade types

Magnum Option offers the following trade types:

  • Classic Binary Options
  • One Touch Options
  • Option Builder
  • 60 Second Options
  • Option Pro

Magnum Options Trade accounts

Magnum Options offers the folllowing trading accounts:

  • Standard Account
  • Premium Account
  • Executive Account
  • Magnum Elite

Magnum Options Position In Our Categories

Position of Magnum Options in our main categories:

Magnum Options is one of the top 50 Binary Options Brokers products

If you are considering Magnum Options it could also be sensible to examine other subcategories of Binary Options Brokers listed in our base of B2B software reviews.

It is essential to realize that almost no service in the Binary Options Brokers category will be an ideal solution able to fulfill all the requirements of various investors. It may be a good idea to read a few Magnum Options reviews first as certain solutions might actually dominate only in a specific geography or situation or be prepared with a really specific customer in mind. Others might operate with a goal of being easy and intuitive and therefore lack complicated functionalities desired by more experienced users. You can also come across services that cater to a broad group of customers and give you a powerful feature set, but this usually comes at a higher cost of such a service. Ensure you’re aware of your requirements so that you get a service that has all the functionalities you search for.

User Satisfaction

We realize that when you make a decision to buy Binary Options Brokers it’s important not only to see how experts evaluate it in their reviews, but also to find out if the real people and companies that buy it are actually satisfied with the product. That’s why we’ve created our behavior-based Customer Satisfaction Algorithm™ that gathers customer reviews, comments and Magnum Options reviews across a wide range of social media sites. The data is then presented in an easy to digest form showing how many people had positive and negative experience with Magnum Options. With that information at hand you should be equipped to make an informed buying decision that you won’t regret.

Magnum Options Review

Magnum Options strives to stand apart from other brokers and succeeds in operating differently when compared to most other brokers. Generally, the functional differences between brokers are so trivial that when the bird’s-eye view is considered, the differences have no significant impact on the trader or in the trading experience with binary options . Magnum Options mainly triumphs because of their transparency and standards of integrity that they maintain with their customers. They are doing their best in every aspect that can be measured. Even though Magnum Options does not have the official endorsement of CySEC or any other regulatory body like Malta Gaming Authority ,Magnum Option cannot be written off as a non-trustworthy site as they have been delivering excellent results.We will prove this statement with our review below.

Introduction Video

How Binary Option Robot Can Change Your Life? Check This Out!

Is Magnum Options an Excellent or Bad Broker? Scam or Trusted One? Read the Full Expert Review Here! Important Information, Must Read Before Investing!

How to Make Money with Binary Option Robot

Top Binary Option Robots in United States

Claim your free binary option robot, get started with three easy steps:

  • Name of Robot
  • Min. Investment
  • Min. Deposit
  • Rating
  • 1. Your Binary Option Robot will analyse the market and decide, which asset (currencies, indices, commodities and stocks), is right to trade at that point in time.

    2. The Binary Option Robot Will Predict the Price Movement

    Your robot will assess a wide-range of factors, and then make a prediction on how the assets price will move, saying: Call (up) if it believes the price will rise and Put (down), if it believes the price will fall.

    3. Decide on how much you want to Invest

    Then you need to decide how much you want to invest in the commodity and when that investment will expire.

    4. Collect your Earnings

    Finally, you collect your earnings (the good part!)

    As Magnum options no longer accepts US traders, in case you are from US we recommend you to check other brokers such as CTOption, GOptions,Porter Finance and Bloombex. The best way to get everything out of this article, is to first open a free account to Magnum Options by clicking the button below. After that you are able to test the features alongside while are reading this review.

    Magnum Options in a Nutshell:

    • Broker: Magnum Options
    • Platform: SpotOption
    • Founded: 2020
    • Bonus: Up to 100%
    • Return/Refund: 70-85%/1-10%
    • Number of Assets: Around 200
    • Minimun Deposit: $200
    • US Traders: Not Accepted
    • Expiry times: 60 sec, 5 min, 15 min, hour, daily, weekly, end of the month, end of the year
    • Deposit: Multiple Credit cards, Visa, Mastercard, Bank Wire, Skrill, Moneybookers

    Magnum Options Slogan

    Bonuses

    Trading with Magnum Options as new traders has added benefits in the form of bonuses that they offer. Magnum options offer new traders bonuses ranging from 10% all the way upto a whopping 100%. Maximum bonus will be $10,000. It should be noted that larger the deposit amount, higher is the bonus percentage.

    Demo Account

    Magnum Options unfortunately has no demo account option at this point. Nevertheless, the minimum trading amount in a single trade is a measly amount of$5 and therefore the money involved in a single trade is not that significant. This is a good way to learn the nuances of trade by investing in several small trades and see how those go. Such a method can be termed as dividing the risk which is an important aspect of trading. Like they say, never put all your eggs in the same basket! We recommend you to adopt these small steps in the beginning and carrying out the minimum-amount trades until you gain a better know-how of trading and eventually, with practice trading will come much more naturally to you.

    Features of the Broker site

    Tradable assets:

    The list of assets available to trade while using the Magnum Options platform is extensive. There are around 100 different stocks, 30 currencies, 8 commodities, 50 indices and 15 pairs. Naturally, stocks are picked from the biggest global companies.

    Currency pairs encompass the most used currencies of world capital markets such as USD, EUR, JPY, CAD, GBP. AUD etc.There is an additional feature of a possibility to trade with Bitcoin crypto currency as well.

    On the other hand, the commodities list is typical of the industry standards with offers of 8 commodities to trade. They are coffee, corn, gold, oil, platinum, silver, sugar and wheat.

    The list of indices includes the most important stock markets around the world and comprises of most liquid indices as well. The indices represent several markets and industries which makes it easier for traders to find their favorite ones quite effortlessly.

    Magnum Options Ifollow where you can follow your favorite traders and copy them

    The list of pair options includes some extraordinary pairs whose success is compared with each other. Some examples of such pairs are Apple vs Amazon, Apple vs Google, gold vs silver, gold vs EUR.

    To shed light on the payout and profits offered by the Magnum Options,their average return falls around 80% with a maximum of about 85% which is overall a good number. What makes it more attractive is the refund they offer which can be up to 10% from the traded amount. This refund is offered to a trader after losing a trade. Such an offer increases the total amount of profits in the long run because some of the lost trades are refunded back to traders.

    How to trade with Magnum Options

    Magnum Options operative-platform SpotOption provides a wide range of trading possibilities that includes expiry timings apart from the options for assets as mentioned above.

    Expiry times vary between 30-300 second in the “sixty second” category. In the long-term category, expiry times range from a week to more than 15 months. These are vastly different type of investments and both have their own special advantages.

    A significant feature of Magnum Option is the Ifollow where traders can see, follow and imitate other successful traders and their individual trades. The Ifollow gathers the top traders and ranks them in order. This definitely aids to lift up your own success rate.

    One Touch Options are high payout options.

    The actual trading procedure is quite straightforward. Trader needs to choose the asset, the duration, and whether it will tend to go up or down in the chosen time frame. SpotOptions platform is clear and well designed for that.

    SpotOption is one of the most reliable platform providers in the binary options industry. Their platform is clear and easy to trade with. Magnum Options offers following option types:

    Among the aforementioned types, Ladder options have the highest available profits. By reaching certain limits in the valuet, profits can rise over 1000%. One Touch option is an additional high payout option that will be profitable if certain lower or higher pre-set limitsare reached within the duration of the trade. These are definitely worth trying if you are comfortable taking such high risks in order to gain profits.

    Ladder options offer even over 1000% payouts.

    It is highly important to possess risk adjusted portfolio in trading and therefore,it is important to select all the features of short and long term options. Magnum Options offers wide range of products and tradable assets that traders can list in their portfolio which they feel comfortable with.

    These features allow traders to build risk adjusted portfolio and divide total risk to multiple assets, markets and time frames. Such adjustments lead to best possible outcomes instead of putting all the eggs in one basket.

    Minimum trade is $5 and maximum is $5,500 for regular options which is quite a desirable option.

    Educational material and tools

    Magnum Options provides many trading video courses in their trading academy. They offer 5 courses for beginners, 8 for advanced trading, 5 for binary options and 3 in- depth courses.

    Beginner courses are about importance of learning the nuances of global trading, understanding the advantages of binary options, carrying out the trade and eventually becoming successful at it, knowing the options of change and risk, emotions in trading and distribution of risk.

    Course selections is wide and there is a lot of useful information available.

    Advanced courses handledeeper issues such as passive trading, aggressive trading, market analysis, trend, support and resistance, shooting star and Harami patterns, pattern identification, and breakaway for pattern features and characteristics.In-depth courses deal with winning tactics, basic and advanced technical analysis.

    In addition to the various training options, Magnum Options provides an eBook to its traders that covers all the aforementioned issues and many other insights and details.

    If deluge of the learning and reading materials seem too weighty to handle, there is a solution which might be just for you: a fully automated binary option robot which can help you trade better. The Real Robot will perform automatic trading according to pre-determined parameters. This helps in profitable trade even when you do not have any access to a computer or do not have the time conduct manual trade. According to us, it is the best binary option robot available that can help you to trade successfully by placing actual trades on your behalf utilizing highly sophisticated signals system. The Real Robot is fully automated options trading software that aids you to earn more money with less work. Now you can get this auto trader completely free by clicking the button below.

    Mobile trading

    The SpotOption software makes it possible to trade through a mobile application when you’re on the go and not even near a computer. The mobile version of the platform allows to make the very trades and actions that the full version does.

    With mobile version you have access to your trades and thus you can place new trades from anywhere. Mobile version is accessible through the App Store and Google Play, and you must furnish your login before being able to start using the app.

    You can trade on the go with Magnum Options mobile app.

    Is Magnum Options a scam or a proper broker?

    Magnum Options has been around for over 2 years and their excellence is apparent. Their trading platform is properly build and designed to make the best trading experience in the industry. Is it the best available option? That, we cannot determine but we can say that comes extremely close to being the better options available at least. Trading with Magnum Options is straightforward and intensive. We have not found any indication of scams at this point of time and firmly believe that there are no fraudulent activities associated with this site.

    Customer service

    Magnum Options offers toll-free international phone line number. Live chat option is available on the site in real time and the support staff can also be contacted via email and a contact form. Chat replies are quite fast and in the test conduct by us, they were able to quickly help us with the problem that we simulated. Advices meted out by the staff were relevant and was of significant help. From our experience we could gather that Magnum Option is really keen on assisting their customers with the best of their abilities.

    Banking

    There are several deposit and withdrawal options that include multiple credit cards (Credit / Debit Card: Visa, Delta, MasterCard, Diners, Visa Electron, Maestro, Maestro UK (Switch) and Solo) and wire transfer. Wire transfers have some additional fees and therefore, we recommend using the credit card as primary method. Notice that the bonus money has to be circulated according to the terms before the withdrawal.

    There are numerous banking options available.

    Conclusion

    As this review comes to an end, we will conclude that Magnum Options is not a scam broker. Their range of assets is comprehensive and everything related to actual trading is exceptionally clear and straightforward. Educational material is extensive and even amateurs can trade successfully when they understand the messages of the video courses. Magnum Options customer service is fast and accurately straight in case of any concerns. We recommend their broker services to traders belonging to any level be it beginners or professionals.

    In our overall verdict, we award Magnum options a rating of 4.7 points out of 5 as a binary options broker site.

    Open an account and start trading with Magnum Options by clicking the button below!

    Magnum options review – the best broker for US traders

    Magnum options is a fairly new binary options broker providing trading services since 2020. Whilst it offers many of the same features as other top binary options brokers, it has also innovated with several key tools and incentives for traders to use. Among these are the ability for US traders to trade binary options using the Magnum Options trading platform, as well as the close early and roll over tools to increase the chances of binary options expiring in the money. Another key feature of trading with Magnum Options is the 10% ‘insurance rate’ which is paid back to traders on each losing position.

    What do Magnum Option offer?

    Magnum options have arrived on the scene fairly recently and, unlike the pioneering of binary options brokers who emerged during the 2008-9 financial crisis, have been required to prove their worth against their more experienced counterparts. This has benefitted binary options traders as the outcome of this increased competition has been the improvement of binary options trading services as well as a number of large developments in the way that these are traded.

    Magnum Options has been one of the leading innovators in this second-wave of binary options broker, offering its customers over 100 underlying asset markets through its entirely web-based trading platform. The fact that Magnum Options has arrived during a period of very rapid development and innovation in the binary options world gives it a solid basis for its claim as using the most advanced trading technology available. A clean, fast and uncomplicated trading platform allows traders to access any real-time options within minutes of opening an account. Streaming news provided by Thomson-Reuters is also embedded in the platform to keep customers up to date with breaking news.

    Magnum Options offer a very generous 81% pay out, among the highest average in the industry, on its regular options which close in-the-money. This binary options broker also goes a step further than simply offering good pay out rates for winning trades but also guarantees a 10% return of the investment for all losing trades. As a genuine sign that the company values the longevity of its customers, providing an insurance rate of 10% against every losing position is highly beneficial to any new or experienced binary option traders looking to trade long-term.

    Magnum Options trading platform

    Magnum Options claims to provide one of the most advanced trading platforms available and it can be considered as a fairly honest evaluation. Unlike some of the more established brokers, who tend to specialise in one form of binary options trading, Magnum Options aims to powerfully combine several methods of binary options trading within a single platform. Alongside the standard higher/lower binary options, it also offers 60 second binary options as well as Pairs trading which provide a return of up to 81%.

    Beyond the standard pay-out and short-term trading opportunities, Magnum Options also offers its traders the opportunity to gain very large profits from successful One Touch and Ladder trades. Both of these forms of binary options allow traders to speculate on whether price will hit a certain level in the market. With Magnum Options One Touch trades offering up to 500% profit on the original investment and some Ladder binary options with pay-outs of up to 900%, these options provide the opportunity for significant returns.

    Payments and funding

    Magnum Options offer all of the most popular methods of depositing in to a trading account, including credit and debit card transactions as well as a standard bank transfer. They do not currently offer a net wallet option such as Paypal or Skrill although this is likely something which will be offered in the future. Transfers of profits out of a Magnum Options account take approximately 3 working days with a minimum transfer amount of $100 whilst the minimum deposit amount is a reasonable $200.

    Support and customer services

    One of the central elements to Magnum Options promise to make binary options both simple and safe is the access to technical support which is 24 hours per day. Each customer is also provided with a dedicated account manager who can be contacted directly, if necessary. Additionally, the option to use live chat exists directly through the website and there are a number of toll-free telephone numbers for customers living in the UK, US or Canada. For those living outside of the countries, Magnum Options offers a number of satellite offices which provide a range of language support services.

    Best Binary Options Brokers 2020:
    • Binarium
      Binarium

      Best Binary Options Broker 2020!
      Good Choice for Beginners!
      Free Trading Education, Free Demo Account!
      Get a Sign-Up Bonus Now!

    • Binomo
      Binomo

      2nd in our ranking!

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