UKOptions Withdrawal

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7 Binary Options

UPDATE (1.11.2020):

We have found out that UKoptions is closed.

We recommend choosing one of our top binary option brokers instead:

1. IQ Option
2. Banc de Binary
3. Finpari (for US traders)

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

By offering hosting a platform that offers a policy to treat all customers equally, UKoptions has established itself as a straightforward broker. The company stands out from the other brokers in the market because it offers training for its traders in all aspects of trading in binary options. By going through such education from the broker, traders stand a better chance of succeeding in binary options. There are various things that a trader will consider in order to select the appropriate broker for him or her, including safety. UKoptions clearly understands this need and has various safety features backing its banking services. In this regard, UKoptions has various safe and secure withdrawal options in place for all its customers.

With an array of methods to withdrawal their funds from UKoptions, traders may use Master and Visa Cards, Maestro, CashU, Wire Transfers, Skrill or NETELLER to withdraw their funds. In addition to the withdrawal process at UKoptions being safe and secure, the withdrawal process is also simple and straightforward. All you need to do is indicate the amount you would like to withdraw from your account and click on the withdraw button. This action will redirect your to the withdrawal form that you need to fill and submit. After you have submitted the withdrawal form, the processing part of the process will be initiated immediately.

Basically, all the withdrawals from UKoptions are processed within a period of one to three business days. After the withdrawal request has been processed, the withdrawn amount will be transferred to the withdrawal option you used to withdraw. For the wire transfer option of withdrawing funds from UKoptions, the trader will have to wait for up to seven days for the money to be available in his or her bank account. However, for you to successfully withdraw from your UK options account, you need to have a balance of not less than 50 pounds, US dollars or Euros.

The Downsides of Withdrawing From Ukoptions

Just like with almost any other banking system, Ukoptions withdrawals have a couple of disadvantages. For instance, new traders are not allowed to withdraw from their accounts for a period of 30 days. This implies that you will have to wait for a month, after opening your Ukoptions account, for you to withdraw any profit you have made while trading binary options. Again, the broker does not allow traders who have not traded their bonuses to withdraw from their accounts. If you have to withdraw your funds using wire transfer, you will have to pay the $25 monthly wire transfer processing fee to the broker.

Regardless of the few disadvantages with their systems, Ukoptions remains to be one of the best binary options brokers in the market today. This may be attributed to the fact that the broker offers vast educational material, the live chat customer service in place and its diverse banking options.

The Minimum Deposit at Ukoptions

Among the many benefits associated with trading binary options is that it offers trades a fast and rather easy way of making money online. However, for traders to traders to take part in this lucrative trade, they will need to sign up with a reputable broker and make a deposit. Since you will be depositing a certain amount of your hard earned money, you have to make sure that the broker you have chosen offers outstanding solutions and services, in addition to using state of the art technology to enhance your chances of success in this trade. While opening a trader account at Ukoptions, you will be allowed to choose your preferred currency, including EUR, USD and GBP. Additionally, you also need to know that the broker will not allow you to trade in more than one currency. This implies that you need to be careful while setting up your account and indicate the type of currency you will be using.

Best Binary Options Brokers 2020:
  • Binarium

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

  • Binomo

    2nd in our ranking!

Once through with the registration process, you will be required to make an initial deposit for you to open trades. The initial deposit at Ukoptions is 250 USD, GBP or EUR. This deposit is not to cater for any fees by the broker; it is the balance that will appear in your trading account and which is available for you to open binary trading positions with the broker. However, the minimum deposit amount by this broker depends on the type of trading account you have. This is mainly determined by the benefits and features offered by such account types. As a new trader, you will have to wait for several months, after opening a normal account, for you to be in a position to open a VIP binary option Ukoptions account.

Why Is There A Minimum Deposit?

Since Ukoptions is a dedicated and serious broker, it came up with a way of discouraging traders who are not serious about binary option from registering accounts with them. This is precisely why the minimum deposit at Ukoptions was set at 250 currency units. After depositing this amount, you may decide to use it to open trade positions or use the various bonuses offered by the broker to its customers. In this regard, it is advisable to that you constantly check the various bonuses offered by Ukoptions to its new and old traders. Although 250 currency units is the current minimum deposit imposed by this broker, the maximum amount of money you can deposit to your trading account is limited by the method you are using to deposit.

The broker allows for deposits using various methods. This leaves the traders multiple deposit options, such as credit cards. If credit card is your preferred deposit method, you will be allowed to link up to three cards to your Ukoptions account. Additionally, you will be allowed to make up to ten transactions per card and have a maximum deposit amount of $20,000. For deposits using bank wire, there is no maximum amount of money that you can deposit to your account.

Currently, Ukoptions is among the leading binary brokers in the world. This is partly due to the forward and domain thinking perspective by the broker. As such, it does not matter the type of trading account you have opened with Ukoptions; you will be in a position to access the outstanding features and services by this broker, including round the clock customer care services and unlimited access to binary options educative materials. If you would like to get further clarification on the withdrawal and deposit processes at Ukoptions, you should get in touch with the customer care representatives through live chat, email or by filling the online query form.

UKoptions in Israel

Just like it is the case with many binary options brokers out there, Ukoptions is not able to accept binary options traders from Israel. Currently, there are various Israeli regulations that restrict Ukoptions processes. As a result, the broker is not in a position to accept Israeli traders. However, all other traders in the European region are welcome to open binary options trading accounts with Ukoptions. In addition to offering an easy and fast way of profiting from speculations in the financial market, this broker allows helps its customers to benefit from this trade, regardless of their experience in binary options. You also need to note that you cannot trade in binary options without opening an account with a broker, such as Ukoptions. Being one of the best brokers in the world, traders in Israel may be frustrated to find out that they cannot open trading accounts with UKoptions.

Traders in Israel should not be alarmed because the broker will deny your application before you can make the initial deposit. To open a binary options trading account with any broker, you will be required to submit your personal details. As such, Ukoptions will detect your location at this stage and prevent you from proceeding with the deposit. For the period Ukoptions has been in business, they have strived to offer unique and satisfactory services to satisfy their customers in the various parts of the world. However, there are certain regulations that were imposed recently; restricting the broker from accepting traders residing in Israel. The same regulations have limited the ability of many leading binary options brokers to accept traders from the US and Israel.

Ukoptions is a well renowned binary options broker that is duly registered in the UK and is run by Worldwide Tech Limited. Over the years, the company has become very popular mainly die to its ability to offer unmatched services and state of the art solutions to its customers. The trading platform offered by this broker is based on One Touch and Spot Option solutions. Additionally, the platform is well integrated with banking as well as with data stream. The evolution of this broker has been primarily geared by its desire to offer satisfactory services to its customers. In this regard, Ukoptions has an Islamic account, an account that is specifically designed o meet the requirements of Muslims.

It is rather unfortunate that the broker cannot accept traders from Israel, but this is because of the recent regulations. If you happen to reside in Israel and would love to trade in binary options, you need to research on the reputable binary options brokers that accept traders from Israel. We have compiled a list of the trustworthy and white listed binary options brokers for you. This will help you avoid scammers in the industry and still make money while trading binary options in Israel. If the customer restriction terms for Ukoptions happen to change in the future, we will notify you.

Ukoptions for the Residents of USA

Owing to the highly modular platform on offer by Ukoptions to its customers, it has become one of the preferred binary options brokers across the globe. This is also the case with the residents of USA. Ukoptions is not only one of the few leading brokers that accepts traders from the US, but also offers outstanding features and services to these traders. Additionally, more US binary options traders love the broker for the high bonuses it awards its customers. Again, US trader can trade using the same binary options platform being used by European traders through Ukoptions. This is very commendable because numerous brokers, who accept US traders, have a different platform for the traders in the US. The broker is unique in that all the traders using its services have access to the same features and services, regardless of their geographical location.

Since the company is based in the UK, the website, in addition to the educational materials on Ukoptions website are in English. As such, US-based traders should not have any problem while using the platform. Additionally, the Ukoptions platform is well integrated with the various banking and stream options in the US. This is in a bid to give the US-based traders easy time while withdrawing from and depositing into their accounts. The many US binary options traders who are using this broker are happy with its services, such as a short processing period for withdrawals and a variety of withdrawal and deposit options. The US traders using this platform are also happy with the 30 days holding period prior to the first withdrawal. This period allows the traders to use all their bonuses and make more profit from their investment.

The traders using Ukoptions in the US can also attest to the fact that this broker offers prompt customer care solutions through the live chat option on their website. Alternatively, the trader may file a query form on the website, after which customer care representatives at Ukoptions will contact him or her. The broker also allows traders to trade in US dollars, an option that is highly convenient for US traders. This option prevents the traders from losing money while exchanging their earnings into US dollars. If you are looking for a convenient, trustworthy and well renowned trader that accepts US traders, you should opt for Ukoptions.

Contacting Ukoptions

Since Ukoptions is a reputable binary options broker, there are various ways of contacting the broker. Additionally, the company boats of a prompt customer care response to any concerns and questions by traders on its platform. As a matter of fact, the quality of customer care services is an aspect that Ukoptions from its competitors. In this regard, the company offers multiple channels, through which the traders can quickly and conveniently contact the professional and skilled customer care representatives from the company. Regardless of the country you are in, you can get in touch with the Ukoptions customer care representatives as easily as a person in the UK would.

The number of people who would use the contact form is definitely not small. On the one hand, we are talking about a binary options trading platform whose presence on the market is not that long, so it is only natural for people to contact them and ask questions. On the other hand, the FAQ section on their website is not that rich in answers and some trading topics have been left out. This is why users might want to contact support directly to send their inquiries.

Browsing through the website, we were able to find various ways through which traders can contact Ukoptions. To begin with, the Ukoptions binary broker website is user friendly and very easy to navigate, even for the beginners. Some of the ways through which you can get in touch with Ukoptions are through email address to the customer care department. Alternatively, traders can also voice their concerns to the customer care representatives by filling and sending an online form that is found under the ‘contact us’ part of the website. While using these two methods of communication, you should expect prompt and professional response. In most cases, traders get a response to their enquiries in less than an hour. Another great aspect of the customer care at Ukoptions is that it is comprised of a team of polite, informed and attentive representatives.

Regardless of the type of question you have, such as problems with withdrawals and deposits into and from your account, the representatives will give you a thorough answer. If you are looking for an instant answer or if your problem is more urgent, you may also contact Ukoptions through the various numbers they have provided on the website. The phone numbers are provided according to the traders’ geographical locations, including numbers for Australian, United Kingdom, Canada, South Africa, Germany and Switzerland traders. The fact that the broker has provided various ways, through which the traders can get in touch with its customer care representatives, indicates that Ukoptions is dedicated to offering the best services and assistance to its customers in all parts of the world. You may also get an instant response from Ukoptions through live chat through their website.

Basically, it is imperative for binary options brokers to offer quick and professionals customer care services to its traders. Based on the response time, the available channels of communication and the quality of response provided, Ukoptions is by far one of the brokers with the best customer care services across the globe. This readiness to assist its clients in a prompt manner may also be taken to indicate that the company is reliable. Although Ukoptions binary options website doe not have an extensive FAQs page, traders can get quick answers to their questions from the customer care department. Again, the broker does not offer a risk-free trial account to traders. However, the various traders who have ever used this broker can attest to the fact that Ukoptions is one of the best binary options brokers in the world today.

UKoptions Withdrawal 2020

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UKoptions is a binary options broker that offers users a straightforward platform with a policy that treats all customers the same. One of the main advantages offered by this broker is that fact that it puts an accent on education and allows users to understand the entire process of trading binary options and thus have high chances to be successful. Safety is also very important for this broker and its banking services are quite complex. To this extent, those who have decided to withdraw their earnings from this broker, will be glad to know that they have many options to do so.

UKoptions allows its clients to withdraw their money through Maestro, Visa and MasterCrad, NETELLER, Skrill, CashU and Wire Transfers. As it is noticeable, clients do have a lot of options so they are free to choose whichever one works best for them. The withdrawal procedure is relatively simple. Clients simple much introduce the amount they want to withdraw and click a button. After that they will be directed to a form that they have to fill in and the request will begin to be processed.

Requests are usually processed in up to three business days and the funds will be transferred through whichever manner the client has chosen. However, clients who have opted to receive their funds through bank wire will have to wait an additional 7 days. This is a great feature, as many brokers take a few days simply to process the payment, let alone actually wire it to their clients. There also is a minimum withdrawal amount of 50 units (EUR/USD/GBP), so clients need to have at least this amount in their account to be able to access them.

UKoptions does have some disadvantages for new members. Withdrawals will not be processed in the first 30 days after opening the account, so new members who start making earnings from the beginning of their membership will have to wait for a month before applying for a withdrawal. In addition, there is a $25 fee for additional monthly withdrawals with wire, so those who want to withdraw their earnings twice a month will have to pay this fee.

As most other brokers, UKoptions will not release funds to those who have not traded their bonus, which is why members who have chosen to accept it need to be careful and complete the necessary trading activities before they can apply for a withdrawal. With this being said, UKoptions remains a safe broker to work with. Its diverse banking options and the fact that it offers a wide variety of educational materials make it a great choice for beginners and advanced users alike. This broker also has a live chat that clients can use in case they have any trouble on the platform and they need assistance.

UKoptions Minimum Deposit

Trading binary options offers numerous benefits, but the most important thing is that it represents an easy and fast way to earn money. To be able to trade with binary options, you will require the services of a broker like UKoptions, a reputable binary options platform that offers excellent services and solutions, not to mention that it gives customers the opportunity to use state of the art technology to increase their productivity and profitability. To start trading on this platform you will only be required to open an account and transfer the minimum deposit into your newly acquired account.

The UKoptions minimum deposit is only 250 GBP/USD/EUR, depending on the currency you have chosen when setting up your account, so make sure that you think carefully about your options before choosing, because changing the currency or using two types of currencies on the same account is not possible. The minimum deposit is not a fee or payment of services. The UKoptions minimum deposit will not be taken by the broker; it will be used by you to make your first binary options trading.

The reason why binary options platforms require minimum deposits is usually to discourage people that are not seriously thinking about trading to make an account. The $250 minimum deposit can be immediately used to start trading and you can also opt for a bonus. UKoptions provides various bonuses to its new and old traders alike, so make sure you check their bonus information carefully and decide whether their terms are favorable for you. UKoptions minimum deposit is $250, the maximum deposit depends on the banking method you use.

This broker provide multiple deposit and withdrawal options, including via credit card in which case the maximum amount is $20k per deposit, ten transactions per month, but you can use three cards per account. If you choose to wire the money, the amount is unlimited. UKoptions has different minimum deposits for each account type, depending on the features and benefits they provide. The better the account, the higher is the deposit amount. New traders will require a couple of month or weeks of trading to be able to open a VIP binary options account and get access to all the features, but the wait will be worth it.

UKoptions has a vast experience in this domain and a forward thinking perspective that allowed them to become one of the most popular brokers in the world. Whether you choose the standard or the best account type, you are guaranteed success. This broker offers free access to binary options educative materials, as well as a 24/7 customer support. You can inquire further about the UKoptions minimum deposit either by completing an online form, sending an email, using the live chat available on the website or by directly contacting them through the phone.

UKoptions Israel

Binary options traders from Israel that are interested in getting an UKoptions Israel account are unfortunately unable to signup or trade binary options at UKoptions. There are specific Israeli regulations that determined this broker and many other top brokers as well to restrict the access from this part of the world. All other European customers are welcome to use the UKoptions platform and services. Binary options trading offers people the opportunity to generate income fast and easy. What is more, traders can make money without any prior financial knowledge, but trading binary options is not possible without an intermediary, that is without the help of a binary options broker. This is why the news about the UKoptions Israel account might be frustrating for traders living in this country that discovered the benefits of collaborating with this broker only to learn later that they are unable to use its excellent services.

Setting up an account on any binary options platform requires sending personal information and documents that attest your identity along with a minimum deposit, depending on the type of account you prefer. This means that UKoptions will refuse Israeli traders before the minimum deposit is processed. Although this broker has a customer oriented policy and tries to cater to the needs of all its traders irrespective of their location in the world, the recent regulations do not allow them to accept Israel accounts. In fact, there are many brokers that have country specific customer restrictions. These restrictions generally affect traders from Israel and the US, although other countries are also seldomly seen on the lists.

UKoptions is an internationally renowned binary options broker operated by Worldwide Tech Limited. This UK-registered company takes pride in its ability to offer state of the art solutions and services of superior quality to its customers. The platform is well integrated with data stream and banking, not to mention that it is based on the SpotOption and One Touch solutions. This broker places great importance on the satisfaction of the traders using its services. this is one of the reasons why this company provides an Islamic account tailored to the specific needs of the Islamic population. UKoptions Israel specific customer restrictions are unfortunate, but sadly necessary as far as the regulations are concerned. If you live in Israel and wish to trade with binary options, you will need to check the whitelisted binary options brokers that accept Israel accounts we put at your disposal to ensure that you will enjoy quality services and avoid scams. Fair Binary Options will keep you up to date with any modifications in the country specific customer restrictions in the future as well.

UKoptions USA

UKoptions is a broker that offers a highly modular platform and various trading option to its clients. To this extent, many UKoptions USA traders choose this broker as it is one of the few that accepts traders from the United States. With a wide range of options and facilities, it is easy to understand why it has become so popular among US traders. This broker offers high bonuses and thus enables its users to have a larger budget to work with. One of the main reasons why this broker has become so popular among US traders is because it allows them to trade on the same platform European users do. Some brokers have a different website for US traders, but the second website does not always have the same features. Fortunately for people from the United States, this broker offers everyone access to the same features and has a policy to treat all customers the same, regardless of where they are or their account type.

Since this broker is from the UK, its online platform is in English, so US traders will not encounter any problems in understanding the information available on the website and using all the educational materials that are offered by UKoptions. The platform of this broker has a well integrated data stream and many banking options, enabling American users to have an easy time depositing and withdrawing money. The entire platform has been built to be user friendly, which is why it is so appreciated by users from all over the world. There are many traders from the United States that are very happy with the choice they have made, given the fact that UKoptions approves withdrawals in just a few days and has such a wide range of banking options. Even though this broker only releases after 30 days of having an account, most users do not have any problem with this measure, since they need that time to reinvest their bonus and gather enough earning.

UKoptions USA traders also like the fact that this broker offers them plenty of support though the live chat available on the website. They can also request to be contacted by filling in the form available on the website and a representative will call them as soon as possible. The representatives are very friendly and professional and they answer any questions promptly. Since UKoptions offers users the possibility to trade in US dollars, traders from this country have the possibility to earn money directly in their currency and not lose anything on exchange rates, making this broker one of the most convenient ones available on the market. US traders who are still looking for a broker can rest assured that they will find everything they need on the platform of this broker.

UKoptions Phone Number

The UKoptions phone number, as well as several means of contacting the company, are essential for everyone who has an account on this platform or wishes to do so. In fact, prompt and professional customer support is one of the differentiating factors between providers and companies need to make sure they include enough options on their website, not only for users in their country of origin, but also for users in other corners of the world. UKoptions definitely does not disappoint in terms of support and offers users plenty of ways to get in touch.

The number of people who would use the contact form is definitely not small. On the one hand, we are talking about a binary options trading platform whose presence on the market is not that long, so it is only natural for people to contact them and ask questions. On the other hand, the FAQ section on their website is not that rich in answers and some trading topics have been left out. This is why users might want to contact support directly to send their inquiries.

We have browsed the website for the contact form and it is very easy to find. The website as a whole is in fact user-friendly, so even a beginner can spot contact options right away. Users can get in touch in several ways. First, there is an e-mail address and a web contact form. We sent them an email to test the promptness of the customer support and they replied quickly, in less than an hour, providing a thorough answer to our inquiry. This is good news for UKoptions users, because the support team is very informed, polite and attentive.

They can help traders get around the website or clarify any withdrawal or deposit matters. Then, the website displays phone numbers for several countries: United Kingdom, Australia, Canada, Germany, Switzerland and South Africa. The availability of these lines is a great benefit, because it shows that the platform is committed to helping international users as well. Those who prefer the live chat system also have this option, so one of the platform’s many operators will help anyone who has a question as soon as possible.

The quality of the UKoptions customer support exceeded our expectations and we consider it to be an indicator of reliability. It is very important for a binary options trading platform to offer professional support, because this activity can be quite complicated and users often need help. UKoptions does not have demo accounts or a very extensive FAQ section, but they definitely compensate through customer support. Contact details and buttons are placed everywhere on the website, which shows that this platform is an excellent choice for those who are looking for constant communication.

Withdrawals from UKoptions

The best binary brokers are those which offer a straightforward and easy to understand service to all their customers. To really ensure all their traders have the best opportunity to trade successfully, UKoptions have invested heavily in providing a first class educational facility. Whether you are looking to assess the UKoption withdrawal process, or the latest short term trading strategies you will find the information you need within the educational section of UKoptions website.

There are several important factors when choosing a binary broker, the first of these is the ease of access the broker provides to their website, educational materials and ability to trade. The second of these is how accessible a client’s funds are when they need them. The UKoptions withdrawal process is well designed and easy to use.

You will need to establish a method for accessing your funds; this is likely to be the same one as you use to deposit your capital in the first place. Available options include Visa, MasterCard, wire transfers, Skrill and even Neteller. The process is designed to be safe and secure as well as very easy to use. To start the process, simply indicate how much you would like to transfer to your chosen account and select the ‘withdrawal’ button. The process of withdrawing your funds will commence immediately. Regardless of how you intend to access your funds you should see the requested amount in your chosen account within three working days of your request. The exception to this rule is wire transfers which can take up to seven days to process and carries a charge of $25.

It is also important to note that all traders must have at least $50 in your trading account; without this it is not possible to make a withdrawal.

In line with most binary brokers there are a few restrictions which you should be aware of. The first is that a new account cannot access the withdrawal facility until they have been trading fir at least thirty days. The UKoptions withdrawal conditions also prevent you from accessing your funds if you have accepted one of their bonus offers; you will need to trade the requisite amount of funds before the withdrawal facility is made available. Your funds will be transferred back to you in the same currency that you paid the initial deposit into your account; this keeps the process straightforward and avoids the need for multiple verification checks. In fact the UKoptions withdrawal facility has been well designed to provide the best possible service and access to your funds possible.

a Complete Guide for Binary Options Trading

UPDATE (12.01.2020):

We have found out that UKOptions is closed.

We recommend choosing one of our top binary option brokers instead:

$200 91% $10 92% $250 89% $250 90% All brokers >>

Try also Binary Option Robot if you are looking for automated binary trading.

Old Review:

UKOptions is one of the hot new binary options brokers on the scene and despite having only been in operation for a few years, it has already amassed quite a lot of attention. This is one of the more professional brokers we have seen, and using the advanced SpotOption trading platform (with mobile functionality!) which is extremely user-friendly and provides a high level of integration with other services such as account management and risk management tools. In this section, we will be taking a look at the withdrawal options and conditions available to traders who elect to use UKOptions as their binary options broker.

First, let’s take a look at the timeline of a typical withdrawal. After an account holder submits his or her request, UKOptions will take up to 3 business days to process said request. After that period, the funds will take a further 5 to 7 business days for the funds to reach the designated account. Therefore, the total withdrawal time from submission of request to receiving the money would be anywhere from 6 to 10 business days. Not slow, but not exactly fast either. We would rate its withdrawal timeline as ‘average’ at best, although we have reviewed some brokers where the total withdrawal timeline was as high as 8 to 15 business days!

Next, we will look at the minimum and maximum withdrawal amounts. The minimum withdrawal amount is $100 or its currency equivalent, while the maximum withdrawal amount is 20,000 units of your selected trading currency (either USD, GBP, or EUR). Due to exchange rates this would mean that the maximum withdrawal amount can actually vary quite greatly as GBP20,000 would be equivalent to $30,000. We further note that while there is no maximum threshold for deposits (for example, in order to qualify as a VIP member at UKOptions, the minimum deposit amount is $100,00!), there is one imposed for withdrawals.

In terms of fees imposed for withdrawals, currently UKOptions does not charge any fees on withdrawals via credit cards, and for withdrawals via wire transfers, the broker allows the customer one free wire transfer per month, with any subsequent transfer being charged a $25 fee. While this is not an unreasonable policy, we have reviewed other brokers which have waived fees for all wire transfers, so in this regard, UKOptions ranks below its competitors.

Like many brokers, UKOptions does impose conditions on withdrawals, particularly when it comes to bonuses. Most, if not all, binary options brokers offer their customers bonuses as incentives, which may come in the form of deposit matches, signing bonuses, investment matches, trading credits etc. While such bonuses are ostensibly free, there is no such thing as free money, and accounts that have been credited with bonuses also come with extra withdrawal conditions. Such conditions come in the form of minimum trading volume requirements, which stipulate that customers must have a minimum trading volume that is a multiplier of the total account funds of deposits plus bonuses credited. This is a standard practice across all binary options brokers; only the multiplier factor differs. In UKOptions’ case, its multiplier is 40x, which we view as on the higher side compared to other brokers.

In the event that a trader wishes to make a withdrawal on an account that has been credited with a bonus but has yet to meet the minimum trading volume requirement, UKOptions has stated that a special committee would review said requests and if a withdrawal is approved, UKOptions may impose a handling fee of up to 30% of the total account balance (minus trading benefits and any gained profits). This is left to the company’s discretion. Another withdrawal condition that UKOptions imposes is to disallow all withdrawals requested within the first 30 days of opening account. This is, in our view, a definite negative and a minus point when evaluating UKOptions against other brokers, most of which do not impose such a condition.

To conclude, we would rate UKOptions’ withdrawal policies and procedures as ‘Slightly Below Average’ when evaluated against its competitors on an overall basis. The factors behind such a rating are mainly its average at best total withdrawal timeline, high multiplier on minimum trading volume requirements to withdraw from bonus credited accounts, as well as a restriction on withdrawing any funds within the first 30 days of opening an account. While withdrawal policies and procedures is just one factor among many when assessing a binary options broker, it is nonetheless a very important one and traders should be aware of the various restrictions and conditions imposed by UKOptions prior to making a decision of opening an account with them.

UKOptions Minimum Deposit

So you have decided to undertake the exciting journey of binary options trading and want to know exactly how much funds you would need to start. Well, in this section we will be taking a look at the minimum deposit requirements for UKOptions.

The most basic minimum deposit is 250 units of your currency of choice, which would be either USD, GBP, or EUR. However, we would like to emphasize that while this is the minimum amount you can deposit into your account each time, this is not the amount you would require to open a trading account for the first time. To elaborate, UKOptions offers four different account tiers: Beginner, Experienced, Professional, and VIP, each with their own minimum deposits required to open the account. The minimum initial deposit required to open each of the account types are:

  • Beginner: $1,000
  • Experienced: $5,000
  • Professional: $10,000
  • VIP: $100,000

Only after choosing and opening your selected account type with that minimum amount is the minimum deposit thereafter for top ups 250 currency units of your choice. Of course, as the minimum initial deposit amounts for each account tier increases almost exponentially as you go up the ladder, UKOptions does attempt to incentivize traders to open the higher account tiers via the following incentives:

  • Beginner: Up to $500 bonus, 1-on-1 training, and daily trading signals
  • Experienced: Up to $3,000 bonus, 1-on-1 training, and twice daily trading signals
  • Professional: Up to $7,000 bonus, 1-on-1 training, and thrice daily trading signals
  • VIP: Up to $30,000 bonus, 1-on-1 training, thrice daily trading signals, UKOptions Rewards card, and a managed account

The payment methods available for making deposits (and withdrawals) are:

  • Credit Cards: Visa, MasterCard, and Maestro
  • Online Payment Systems: Neteller, Skrill, and CashU
  • Wire Transfer

UKOptions also imposes a maximum deposit amount for deposits via credit cards. A customer is allowed a maximum of 3 card per account with 10 transactions per card per month. Each card is allowed a $20,000 max amount on each deposit with a total $50,000 maximum amount per card per month. Hence, using simple mathematics, we can calculate that if using credit cards, the maximum deposit amount per month would be $150,000. This should be more than sufficient for most, if not all traders, further, there is no maximum deposit amount if depositing via wire transfer.

We can conclude that deposit methods available under UKOptions are free and wide-ranging, which stands in contrast to their somewhat restrictive withdrawal conditions. This is of course, not surprising as all binary options brokers want to attract the maximum amount of deposits possible, however, we feel that restrictive withdrawal conditions can leave a bad taste in customer’s mouths so paradoxically, by making their withdrawal conditions more permissive, UKOptions may actually be able to attract more customers and deposits! After all, in the highly competitive landscape of binary options brokers all of which can seem largely undifferentiated from each other, providing customer service that goes above and beyond expectations may be the key to success.

UKOptions Israel

At present time, Israeli residents will not be able to avail themselves of UKOptions services. As we have mentioned, the binary options brokers industry is largely unregulated space, which is why many potential customers are rightly worried about the potential of being scammed, and why review sites such as this one exist. While more and more brokers are moving toward regulation, particularly with CySec (the Cyprus Securities and Exchange Commission, under which many binary options brokers are registered) making a policy change in 2020 to include binary options under its list of regulated financial instruments. This is ultimately beneficial to the consumer as it increases the legal options available to them in the case of a dispute with the broker. It is also the reason why we strongly recommend on trading with licensed and regulated binary options brokers.

Well, why can’t Israeli residents use UKOptions services? The reason was in the past year, many unscrupulous binary options brokers have come under scrutiny after it was revealed in a journalistic exposé that many binary options brokers based out of countries such as Bulgaria and Romania were ultimately owned by Israelis, and further many of the brokers used unscrupulous tactics such as false credentials to lure customers into a false sense of security. This opaque ownership structure of such brokers were said to be an attempt to hide from regulatory scrutiny and oversight, as well as to avoid apparent blame in the event of litigation.

In an attempt to curb such practices, in May of 2020, the ISA which stands for the Israeli Securities Authority imposed a new law to regulate online financial trading industries. Under said law, companies such as binary options brokers that wanted to continue to offer their products to Israeli customers would have to first apply for a license from the ISA. Out of the 21 companies that applied for licenses, one was disqualified (its controlling shareholder fled to Cyprus to escape alleged financial misappropriation and is currently under house arrest in Israel) while a further two companies withdrew their applications, leaving 18. Out of the 18 applicants, 4 were binary options brokers and none of them have been approved more than a year later. It is highly unlikely that the ISA will approve such applicants anyway as the director of the ISA’s Exchange and Trading Platforms Supervision has issued statements that have been highly negative of the binary options industry as a whole.

Of course, in order to avoid coming under the regulatory purview of the ISA, binary options brokers need only avoid offering their services to Israelis, given that the ISA has no regulatory jurisdiction outside of Israel. This is the reason why binary options brokers are largely unable to offer their services to Israeli customers. This is unfortunate, as binary options trading can be a great way to make money; however, this is largely the fault of the binary options broking industry itself, as it allowed the unscrupulous and unethical actions of a few bad apples to paint the entire industry in a negative light. Should there be any change in regulatory practices, you can count us to keep you updated and informed.

UKOptions USA

Similarly to the above, UKOptions, as well as many binary options brokers, do not offer their services to USA residents. In the USA, binary options are typically not offered by individual brokers, but on exchanges, such as the NADEX, which is the first legal US exchange focused on binary options. Traders in the US can also trade binary options through the CBOE (Chicago Board Options Exchange).

It is only outside the US that binary options are offered through individual brokers, which is why you see many binary options brokers with a heavy European focus. From a legal perspective, for such binary options brokers to be able to solicit US residents for trading purposes, the broker would first have to register with a US regulatory body such as the SEC (Securities and Exchange Commission) or the CFTC (Commodities Futures Trading Commission). Hence, binary options offered on the NADEX or the CBOE are strongly regulated with full transparency.

The catalyst that triggered the move by US regulators to prevent unregistered binary options brokers from soliciting US customers was Banc de Binary, which began offering and selling binary options to US investors in 2020. Banc de Binary’s solicitation of US customers without going through the appropriate regulatory channels resulted in the SEC issuing an investor warning regarding binary options as well as joint court action with CFTC against the broker. This case was finally settled in early 2020, and resulted in an$11 million settlement with US authorities, consisting of $7.1 million in restitution and disgorgement, $2 million in civil penalties to the CFTC, and $1.95 million in civil penalties to the SEC.

The business model is also different compared to binary options brokers, in the US, as the binary options trade through an exchange, each trade requires a willing buyer and seller. The exchanges then obtain revenue via charging an exchange fee in return for matching said buyers and sellers. On the other hand, binary options brokers are the opposing side of the trade with their customers, and they make their revenues via the difference between payouts on in the money options versus the difference in refunds for out of the money options.

To give an example, the maximum payout rate for a traditional binary option bought from UKOptions is 85%, however if the option expires out of the money, the trader gets a 10% refunds (meaning the broker gets 90%). This difference of 5% is then UKOptions profit margin. When you take into account that 85% is the maximum payout rate and that the typical range for UKOptions is 70% to 85%, then we can see that UKOptions profit margin would be in the 5% to 20% range! Again, this is not confined to UKOptions; all binary options brokers utilize this business model, and this is something that customers should be aware of. This does not mean that traders cannot profit from binary options trading, it just means that the payout ratios will always be skewed in favor of the broker, as that is how they make their money.

Interested parties who may be considering UKOptions as their binary options broker of choice should not hesitate to make use of such options, even if they are not a current customer. This is because the quality of support offered by a broker can often be a reliable indicator as to the quality of customer service one can expect upon signing up. Therefore, we encourage people to ask as many questions as possible to the support people of said brokers prior to signing up, both to gauge the quality of their customer service, as well as to fact check the information provided by said service against the information provided by review sites such as this one. Should there be a discrepancy in the information, it may be a sign that the broker is using unethical tactics such as providing incorrect information in an attempt to solicit customers, and said broker should be avoided.

Is UKoptions a Scam? 2020

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Is UKoptions a scam? This an understandable inquiry, considering the fact that numerous binary options platforms available today turn out to be scams. Trading with binary options is both profitable and exciting, but traders are required to use an intermediary to be able to trade and sometimes brokers are not what they seem to be and refuse to accept any money withdrawals for instance or block your initial deposits and earnings. After carefully inspecting the UKoptions platform and using its services for a prolonged period of time, our team has established that UKoptions is under no circumstances a scam.

On the contrary, this is one of the more reputable and popular brokers available worldwide. There are also no UKoptions scam rumors or complaints. Therefore, using this platform is completely safe. When it comes to binary options brokers, there are plenty of options and alternatives available online. However, some of them are not actual brokers, but malicious websites that scam people. This is why the process of choosing your trading platform is important and the reason why Fair Binary Options stands at your disposal with accurate reviews and detailed information about brokers.

UKoptions has been white listed by our team and after careful inspection we have concluded that not only is this platform safe to use, but also one of the most advanced binary options platforms currently available that offers the SpotOption solution. Traders can check whether a broker is a scam by reading our reviews and articles and making their own research. You can check whether there are any UKoptions scam rumors online, but as far as we know there have been absolutely no complaints filed against this broker.

The minimum deposit and withdrawal options are also clues you can use to determine the reliability of a binary options platform. With a minimum deposit of only $250, you can assume that UKoptions does not use this method to extort money from people. What is more, this binary options platform offers a detailed account of the way in which withdrawals will be processed. Another thing scam brokers have in common is the lack of contact information.

Generally, your withdrawal will not be processed or your money will be blocked and you will have no way of contacting the support team to make inquiries. On the other hand, UKoptions offers an excellent customer support service that includes multiple online contact options and dedicated phone options. You will receive a response to any e-mail within a few hours, but you can also use the web form and the live chat system. The phone options are available in New Zealand, Australia, Germany, Canada, South Africa and the UK. UKoptions is not only a reputable and dedicated binary options platform; it is also one of the few brokers that offer high quality services and an integrated system.

Are There Any UKoptions Complaints

Since trading binary options does not require any previous experience or specialized knowledge, choosing a reputable broker seems to be the key to success. Most people fear of getting involved in obscure trades due to scam brokers, but this is not possible for those who choose to collaborate with UK Options. It is a leading broker operating in the binary options field, providing its clients with one of the best trading environment and the best terms and conditions available on the market. They are always striving to offer qualitative trading experience, and this is proved by the fact that the broker has never received any negative feedback from its stakeholders.

They offer their clients various reward features, generically known as bonuses, such as investment matches, deposit matches, gifts, risk-free trades, incentives and one-time trading credits. In addition to this, those who decide to open an account with this broker will receive a considerable amount as an initial bonus. In addition to this, they also have convenient withdrawal conditions, so that traders can benefit at any time of the money they gain. As you can see, UK Options is a customer centric company whose focus is clients’ satisfaction, so there have never existed any complaints regarding their activity.

The broker has a simple approach to trading binary options, focusing on educating its clients and transforming them into professional traders as soon as possible. The platform is easy to understand and use, while their official page provides traders with various learning materials. UK Options has as a main characteristic the aim of educating its clients, while also offering them a wide range of financial products to choose from. In spite of the fact that it is not regulated, this broker represents a viable choice for traders all around the world – they also accept USA traders. It is considered a trustworthy broker, and it should be your first choice, in case you want to collaborate with a reputable partner. Until now, there have not been registered any complaints since UK Options started its activity and the feedback reports are 100% positive. The broker guarantees the satisfaction of its clients, constantly improving their services and diversifying thir educational options.

Is UKoptions Regulated?

Is UKoptions Regulated? No, this binary options broker is not regulated. However, traders should not be concerned about this fact when trading binary options on this platform. UKoptions is a renowned broker that has managed to gain a leading position on the dedicated market due to its excellent services and secure transactions. It is natural to inquire whether UKoptions is regulated or not, as a matter of fact, it is advisable to raise questions with regards to the reliability of any binary options platform you might wish to use, because of the growing risk of scams. However, the non-regulated status of a broker does not necessarily mean you deal with a scam; on the contrary, the best binary option brokers available today are not regulated. It is important to understand that brokers often choose this status to be able to ensure a greater trading experience to its users, because regulations also imply leverage restrictions. Regulated brokers generally offer low spreads, but UKoptions is free to provide and affords to offer high spreads making the trading experience much more interesting.

Another essential detail about the UKoptions regulated status is the fact that certain markets and regions are not regulated and do not necessarily require regulations. If you are based in one of these markets, it is easier to find a reliable binary options broker that is not regulated. Singing up with a regulated broker should not be your main aim. It is far more important to analyze the spreads, signals and features provided by a platform, not to mention check whether it has been white listed by Fair Binary Options. Our team has checked the reliability of the UKoptions broker and has determined that it is trustworthy and safe to use. The platform also uses advanced SSL encryption providing customers peace of mind when depositing and withdrawing money from their credit and debit cards.

The main reason why you should be concerned about the regulated and non-regulated status of a binary options broker is the fact that regulations will ensure the safety of your funds. UKoptions can guarantee the safety of your money without being subject to a particular set of regulatory framework. This broker places great importance on the satisfaction of its customers and knows that ensuring the safety of its customer’s funds plays a great role in obtaining the vote of trust from traders. This is also the reason why UKoptions puts multiple methods of contact at users’ disposal. Binary options traders or people interested in starting to trade with binary options can send inquiries via e-mail, online form and through the live chat or directly speak with an operator over the phone.

UKoptions Bonus

Binary options have become an increasingly popular manner of making profit, and people all around the world choose to invest in this field. This is mainly due to the fact that you do not need financial knowledge or expertise to gain money: all you need to do is follow the signs of experience traders and choose a reputable broker to collaborate with. UK Options could be a good choice, because they are a leading binary options broker, providing their clients with advances technologies, a performing platform and a safe trading environment. They have a simple approach to binary options and offer plenty of benefits to those who choose them as their trading partners. Among these, it is worth mentioning that their platform is extremely user friendly, all customers are treated the same and they also have convenient withdrawal conditions. Furthermore, they also have various education options and many financial products for clients to choose from.

Bonuses can be of several types: investment matches, deposit matches, gifts, initial or traditional bonuses, incentives or trading credits. The bonuses offered by UK Options can reach up to $30,000 and are an important element of the broker’s promotion programs. However, the bonuses have a pre-established time frame and can be adjusted depending on many variables and conditions. Sometimes, these variables can be subject to changes which are not announced through a written notice to the traders.

Regular cash bonuses and non-monetary bonuses are susceptible to the same terms and conditions, and certain circumstances must be fulfilled in order for the trader to be able to withdraw the money. For instance, as same as any bonus, the cash from the initial bonus or other funds can be taken from the account only after the trader has performed a trading volume of at least forty times the value of the bonus received. This may seem a lot, but it is actually a realistic goal, taking into consideration that most traders win a lot of money without making almost any effort.

Withdrawal requirements are rather permissive; the main request being that the trader must respect and fulfil the initial stipulations of the contract. UK Options terms and conditions are very strict, and in case a trader attempts to withdraw any funds from the account before these have been fulfilled, the transactions will be cancelled in no time. This is due to the fact that the broker is completely dedicated to offering the best experience for their clients and requests the same level of engagement.

UKoptions Demo Account

UKoptions is a relatively new entry in the world of binary options, established only a couple of years ago. Despite its short presence on the market, this company has gained a considerable client basis, consisting of brokers who want to take advantage of all their bonuses and features. Having entered the field of binary options trading only recently, the company almost immediately stood out through several aspects, such as the intuitive and seamless user interface and the profitable bonuses offered for both beginners and loyal traders. But is a UKoptions demo account available for those who want to give the platform a try before committing to it? Currently, it is not available, but that does not mean that UKoptions is not reliable or that it is not addressed to beginners.

Demo accounts are one way of verifying that a platform truly is reliable and stands by what it promises, which is why many traders look for this option before starting a collaboration with a specific broker. However, this habit stems from a time when checking a broker’s reliability was not that easy and people had to try features themselves to see if they liked it. Nowadays, when there are so many forums and specialized websites that post unbiased reviews of the world’s most notable platforms, a demo is not that important security-wise. UKoptions is a registered company and a professional one. This is clear to see from first visiting their website and checking their platform profile online. Traders can create an account without worrying that they will be scammed. If there had been any unpleasant experiences with UKoptions, they would have surfaced by now.

Another reason why traders would have been interested in an UKoptions demo account is the need to practice. Not all people who create accounts on binary options platforms are experienced. Most of them have just heard about binary options trading and would not like to invest real money without a bit of practice. UKoptions does not offer demos currently, but it has developed some features especially for the inexperienced. There is an entire Academy section on their website, where people can find a wide array of topics that tackle the world of binary options.

Apart from the glossary, and FAQs, informative articles are also published daily, so users who have the patience to go through them all can definitely gain good understanding on this field. If these are not enough, then clients can also check in for free webinars delivered by industry experts. Last, but not least, as a new entry in the world of binary options trading, UKoptions had to differentiate themselves from other companies by offering bonuses. Beginners can benefit from several profitable promotions that can multiply their earnings. All these benefits combined make the demo account not that important.

Best Binary Options Brokers 2020:
  • Binarium

    Best Binary Options Broker 2020!
    Good Choice for Beginners!
    Free Trading Education, Free Demo Account!
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  • Binomo

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