StartOptions broker review

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StartOptions

A Review of StartOptions

Conducting its operations out of France and the UK, StartOptions is a leading binary option trader in Europe. Though the trading platform is multi-lingual, the website content is in French and traders must have to choose their preferred language from the language options menu before proceeding.

Sign up to StartOptions.com Now and Claim a 25% First Deposit Bonus!

Bonuses and Promotions

StartOptions has gone out of the box by providing the unique “10 trades to win” bonus offer. Here, a trader is required to score 10 consecutive wins of at least $20 in order to get a $500 bonus award. There are restrictions though. Traders cannot trade the same asset twice in a row. Once the trader has scored his 10 consecutive trades, he can apply for his bonus from the StartOptions team.

Then there is the regular 25% welcome bonus that is awarded to all first time depositors. Account deposits are set to a minimum of $250. Traders can only withdraw this bonus when they have achieved a certain number of trades. StartOptions is not the only broker with this policy, but they have taken it a step further by introducing a tool called the bonus indicator. With the bonus indicator, the trader can monitor the progress he has made and gets an alert when he has generated enough trades in order to qualify to withdraw the bonus award in cash.

Account Information

The first stage of the entire trading process is to open an account with by filling the online form on the home page, and submitting a government issued ID card and utility bill/bank statement as proof of residence in order to get the account activated. Traders can deposit and withdraw from their accounts using several payment methods such as credit/debit cards, wire transfers, Moneybookers (Skrill) and CashU.

The StartOptions trading platform is unique in that this broker offers the Call/Put option trade type exclusively. SO traders can also trade outcomes of an asset either rising above or falling below the strike price within the set expiry times. There is no facility for demo trading with StartOptions.

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  • Binomo
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StartOptions has a very vibrant blog and social network community on Facebook and Twitter where newbie traders can visit and get a few tips or share thoughts with other like-minded traders. There is also an affiliate program where traders can refer their friends to join the StartOptions trading network using their affiliate links. The revenue sharing formula is 35% of trading commissions generated by the referrals.

The trading platform also features a market sentiment section where traders can visually assess the net positions that all traders on the StartOptions platform have assumed. This sometimes can serve as a useful tool to gauge market sentiment towards an asset, especially on a platform like StartOptions where there is only one trade type and wins are secured from one of two possible outcomes.

Asset Index

The following assets are available on the StartOptions platform:

Currencies: EURUSD, USDJPY, GBPJPY, NZDUSD, EURJPY, EURGBP, AUDUSD, USDCHF. The news feeds come from Reuters and the exchange used is that of Global Forex.

Stocks: Citigroup, Barclays, Vodacom, BP, Macquarie Group, BAE, Newcrest Mining, Rio Tinto, Lloyds, Tesco, British Telecom, Sanofi-Aventis, AXA, MasterCard, France Telecom, BNP Paribas, etc. These are available purely as hourly stock options.

Commodities: Oil, natural gas, silver, gold, copper, platinum.

Stock Indices: Dow, S&P500, Tel Aviv 25, MICEX 10, CAC40, TADWUL., S&P/ASX, FTSE100. These are also available as hourly options.

Customer Service

StartOptions provides a live chat customer support facility which is available for most of the day, and there are two dedicated phone lines in English and French for clients who need to speak directly with their account managers or with the customer support representative.

Sign up to StartOptions.com Now and Claim a 25% First Deposit Bonus!

Is StartOptions a Scam?

StartOptions is one of the popular and oldest binary options trading brokerages in the industry. StartOptions is located in Cyprus and as a result it is regulated by the popular Cyprus Securities and Exchange Commission. It also follows several other regulations in place by the European Union. StartOptions has been in operation for a long time and has an excellent track record to its name with a few minor issues that could be due to the unfamiliar platform or any other technical reasons. StartOptions has an average platform with a good spread of assets that are secured through several prominent e-wallets for safe transactions.

Final Word

For traders who live in Europe or are more comfortable with brokers located in Western Europe, StartOptions provides a healthy option. However, many traders may find the single trade type too restrictive, but if the trader can master the single trade type and devise strategies to trade it with accuracy, then this may compensate for the lack of variety in the contract types that can be traded.

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Startoptions Binary Options Broker

Review of the Binary Options Broker Startoptions

Startoptions is a broker specialized in binary options trading which offers Above/Below and One Touch options based on different types of underlying assets including currency pairs (Forex), stocks and indices of various markets and commodities. This broker was founded in 2009 and has interesting features for the trader including a web based trading platform and promotions for new clients, including cash bonuses.

Startoptions is a Binary Options Broker

Country of origin

The headquarters of Startoptions are located in Cyprus.

Regulation

For the moment, this broker is not regulated. However , currently this company is in the process of regulation with the CySEC of Cyprus, the financial regulatory agency in that country.

Underlying Assets

This broker allows to trade with options based on the following underlying assets:

  • Forex Market: 6 of the most important currency pairs including the EUR/USD, GBP/USD, USD/JPY and GBP/JPY among others.
  • Commodities: gold, silver, copper and oil, the most important and traded commodities in the market.
  • Stocks: The most important stocks of the US and European market such as Apple, Coca Cola, Microsoft, Barclays, British Petroleum and others.
  • Indices: 5 of the most relevant stock indices in the markets such as NASDAQ, FTSE 100 and S&P 500 among others.

Types of Binary Options

For the moment Startoptions offers the following types of Binary options:

  • Above/Below Binary Options of 1 hour: It is the most traded type of Binary Options because of its simplicity and the high return that the investor can obtain in the option expires In The Money. In this case, t he trader only has to determine if the underlying asset price will finish above or below the entry price (the acquisition price of the option) when the option expires.
  • One Touch Options (a type of barrier option): This type of Binary options offers a higher return than the Above/Below options. In this case, the trader must determine whether the price of the underlying asset will reach or not a determined level price of the underlying asset before the option expires.The Barrier Options of Startoptions has a return up to 350%.

Payments Offered by Startoptions

-If the option expires “In the money”, StartOptions pay from 65% to 85% of the contract inversion for the Above/Below Binary options. The contracts are for 1 hour.

-For the One Touch Options, this broker offers a high return up to 350%.

Trading Accounts

  • This broker has one trading account that allow to trade with Binary Options based on all financial instruments mentioned above.

Trading Platform

  • It offers an easy to use web based platform with all the functions need it to trade with Binary Options. This application include charts and updated market quotes.
  • This application is based on the trading platform developed by the broker Tradesmarter, a company consolidated in the sector of Binary Options trading.

Demo Account

For the moment, this broker does not offer a demo account, however the opening of the real account is free.

Payment Options

Main Advantages of Startoptions

  • Startoptions is in the process of acquiring the regulation by CySEC of Cyprus.
  • This broker offers bonus for real trading account opening (25%).
  • Excellent customer service by phone, e-mail and chat.
  • Free analysis reviews of the market.
  • Free client training and support depending on initial deposits levels..
  • Startoptions offers a lot of instruments for trading.
  • If the trade is “out the money” (if the prediction of the trader is not correct), the trader will get a 10% refund from StartOptions.
  • An intuitive an easy to use trading platform.
  • No commissions or fees of any kind for the traders.
  • Startoptions has a tool that allows to see the general tendency of trades made by the clients of the broker in any time. For example, the client can see the percentage of call options or put options for a determined underlying asset such as a currency pair.
  • This broker offers the possibility to earn extra money promoting its services through and affiliate program called Startoptions Affiliates.
  • StartOptions launched the Binary Options Trading Club, that was created for VIP customers and provides the following services:
    • Larger lot sizes of up to $ 2000.
    • Faster withdrawals.
    • A personal account executive.
    • Access to the latest trading tools, including advanced price charts.
    • Extra promotions, including a welcome bonus of 50%.

Main Brokers Offers

Startoptions offers attractive regular bonuses for clients deposits in their trading accounts. The amount of these bonuses depends on the amount of money deposited by the trader and can be up to $2000. For example, if a person deposits $500 the bonus will be $100, but if the deposit is $5000 the bonus will be $2000.

StartOptions Review

Review

StartOptions is one of the pioneers in the binary options trading arena, and after a thorough review of their services, it is safe to say, they are here to stay. There is no denying the primary advantage of binary trading over other financial investments, namely, its simplistic nature and instant gratification. Trading with StartOptions is a pleasure starting from their easy-to-use website and continuing with their intuitive and easy-to-use trading platform available in 12 languages. StartOptions is not regulated yet and is based in Cyprus, Limassol.

StartOptions’s motto is “Trading the Market in Just One Click”. This is very true when trading with StartOptions, and we found that a first time binary options trader should have no difficulty at all navigating the site.

Trading Platform

We were pleased to see that the StartOptions trading platform is completely web-based and does not need to be downloaded. When first accessing the site, you can easily create either a demo account or a real account within minutes, and you can begin trading immediately.

StartOptions’s trading arena has four main areas; Forex, stocks, commodities and indices. Although we didn’t test all four, we found the Forex trading area to be relatively straightforward, and we have every reason to believe that the other trading options are equally intuitive.

The company’s Forex binary options platform has six of the major Forex pairs from which to choose. Once you decide which pair to trade, you can select your investment, with a low $100 minimum deposit.

How StartOptions Works

The trades expire hourly and you can choose whether to select a CALL, meaning you think the base currency will increase, or a PUT, meaning you think it will decrease. As soon as you place the order, you can view it in the “Open Positions” area and click a picture of a graph to see the progress of the pair, commodity, or stock you traded. The site also offers in depth Binary tutorials, just in case you can’t figure it out on your own, though with such an intuitive interface, you should need these tutorials frequently.

In terms of funding your account, StartOptions does not disappoint. They support the major credit cards, and they recently joined a new platform which supports various local payment methods including Visa, MasterCard, Visa Electron, Visa Maestro, InstaDebit and more.

Finally, it might be helpful to point out that StartOptions offers trades for a minimum of only $10, so that you can invest as little or as much as you want, an updated blog on the latest financial developments, and a strong online presence on the various social networks, such as Facebook and Twitter, for those who enjoy receiving their industry updates via social media channels.

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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