Best Binary Options Broker 2020!
Good Choice for Beginners!
Free Trading Education, Free Demo Account!
Get a Sign-Up Bonus Now!
2nd in our ranking!
7 Binary Options
YesOption has shut down their operations in binary options trading.
We recommend choosing one of our top binary option brokers instead:
|Min. Invest||Min. Deposit||Max. Returns|
|All brokers >>|
|Min. Invest||Min. Deposit||Max. Returns|
Try also Binary Option Robot if you are looking for automated binary trading.
In 2020 a new binary options broker emerged that was focused on becoming a true market specialist and the name of that broker is YesOption.
They thought that by becoming a true market specialist they could pass that knowledge on to those who invest with them and in turn help them to trade more successfully; that is why traders’ of all skill levels tend to be successful with YesOption.
Combine this market specialization with an easy to use web platform and a rich set of special features and it is not hard to understand why YesOption has become so popular. Take a further look at them in our review of this growing web broker.
Online since: 2020
7 Binary Options Rating:
YesOption Special Features
There are a lot of perks and features that YesOption offers to those who trade with them. It all starts with the generous bonus program they have when someone first signs up to trade with them; it is always nice for a trader to get some ‘free money’ to trade with so they can take some unusual risks with without worrying or help offset previous losses.
We really liked the way YesOption handled its promotions. Yes options featured such perks as deposit bonuses, free trading signals and free one on one coaching sessions.
Sign up Bonus and Other Promotions
Here is a closer look at the account perks that they currently offer upon signing up to trade with them:
Best Binary Options Brokers 2020:
As was mentioned, YesOption is currently offering these deposit bonuses for new members:
Because they are a market specialist YesOption is a master at establishing accurate trading signals. These will be provided free for two weeks for first time depositors with this broker. A trader will receive approximately six key trading signals a day by SMS/email.
Trading signals are especially helpful to those who are just starting to learn how to trade binary options.
Every trader that signs up with yes options will get at least one free coaching session with a finance professional.
Other promotions that can be found on YesOption include such things as a $150 refer a friend bonus and they are currently giving away iPhone’s if certain trading conditions are met by the account holder.
YesOption is known to be a web broker that offers those that trade with them an excellent array of trading tools. These trading tools include such things as a detailed economic calendar, a currency pairs HeatMap, a Fibonacci Calculator to establish support and resistance areas, a Binary-FOREX pivotcalculator and the latest in current financial news.
Account Levels on YesOption
There are the three account levels that can be found on YesOption. Let’s take a look at what all three have to offer those that sign up at a particular level.
YesOption Trading Platform
Every binary options investor loves a trading platform or binary option robot that is easy to use and understand; YesOption’s platform really delivers in this area. It is a trading platform that was designed using the highly popular TechFinancials software. This software makes trading platforms that are easy to read, laid out in a sensible fashion and very easy to navigate around. All this makes for a truly well-functioning and well-designed trading platform on YesOption.
It is so important for any web broker to create a good trading environment for those that invest with them. We found the trading on YesOption provided us with very rich environment in which to trade.
Windows were well placed and information like graphs and sentiment trackers were easily access when needed. Panel buttons such as open trades, trader history and the live news stream were easily available to click on and see this type of information.
Trading on the website is done using typical option choices such as High / Low options, 60Second options, Boundary options and One Touch Options. This gives any trader a nice variety of option choices. There are even instances where the trader can get a small percentage of their investment back on losing trades. They have other in trade tools that reduce risk such as ‘rollover’ and ‘end earlier’; these can really benefit any trader if used right.
Trades can be placed using one of over the 100 assets that are available to choose from; these consist of over 30 currency pairs, over 50 stocks, over 20 indices and 10 commodities. Expiration times include 15 seconds, 30 seconds, 60 seconds, 5minutes, 15 minutes, 30 minutes, 1 hour, 24hours and End of the Day expiration times.
The overall trading experience on YesOption was very pleasant to say the least and everything that was done on the trading platform flowed smoothly. There was even a mobile trading app that allowed us to place trades on the go.
YesOption Customer Support
Customer service was not bad on YesOption but in all honesty we did not need to use it because of their very detailed and thorough FAQ section; we found this to be a real timesaver.
When we did contact customer service we found the answers we got were very thorough and very informative.
Email response was a little slow but we got much better results when using live chat or any of the support phone numbers we tried. Phone numbers are available for such countries as the United Kingdom, South Africa, Bahrain, Canada, Australia and Switzerland. In all there were no major issues with customer service
Yes option really has a lot of ways that their customers can deposit and withdraw funds; it was an impressive list to say the least and it is one of the few binary options brokers that supports the use of the ultra-convenient PayPal as a source of depositing and withdrawing.
Among the deposit and withdrawal choices are:
These should make banking with them easy for anyone.
The minimum deposit with YesOption is $250 unless you use bank wire transfer; that requires a minimum deposit of $500.
All accounts with this broker will need to have their identity verified; it is all part of the way that YesOption promotes a safe and secure banking environment.
The verification process is simple and straightforward and only requires scanning and sending a few important documents. This is a standard practice in the industry. The website is also SSL encrypted to make banking with them even safer.
Withdrawals are usually processed within 48 hours which is slightly ahead of the industry average. There are variations of the withdrawal rules depending on what account level a person is trading at. General speaking; the higher the account level the faster the withdrawal processing time is.
There is no minimum withdrawal for credit card, net wallet or PayPal users but there is a $100 minimum for withdrawals made by bank wire transfer. There is usually at least one free withdrawal available per month at every account level and platinum account holders can make as many withdrawals a month as they want for free.
We highly advise against using bank wire transfer for withdrawals because of the steep fees associated with this method.
Our Final Thoughts
There were a few things that we thought needed improvement on YesOption for sure but these things were fairly minor in nature. The amount of bonuses they offered was very good, the trading platform was well designed and there emphasis on being a market specialist should be applauded. We see no reason for any of our readers not to give this web broker a try and we have no problem recommending you to do the same.
Customer Service: Live Chat / Email: [email protected]
YesOption was founded in 2020 and operated by Diamond Global Solutions SRL. They are registered in Romania at; Bucharest, 17 Baba Novac Street, bl. G3, 2nd entrance, Ground floor, suite 45, district 3, Romania. The number to customer support is: +40312294697. They also have an office in Lithuania, Gedimino 20, room 39, Vilnius. Despite being in business since 2020 and the new management, YesOption remains unregulated.
Is YesOption a Scam?
YesOption has not maintained a steady stream of traffic and overall traffic is relatively low for a firm that has been in business for 4 years. They are now under new management and there are not that many complaints nor comments about YesOption which could mean that traders are happy, or simply avoid to trade there, but the few comments we found were not overly positive. In conclusion, we can’t say that they are a scam but their bonus rules are not in line with what a good firm would offer and lack of regulation means it’s a gamble to trust them!
Editor’s Note – Why Doesn’t YesOption Suck in 50 Words
Update 2020: YesOption doesn’t suck because their terms and conditions (although hard to read (small print and not clearly separated in paragraphs) mentions who they are and their rules including a “conflict of interest policy”
Why Does YesOption Suck in 50 Words
YesOption is under new management (see above). They are still not regulated and the bonus terms are bad because it locks your funds after accepting a bonus.
Should I Open an Account with YesOption?
The platform is powered by SpotOptions and as an extra, you can trade Forex as well as Binary Options on the platform. Customer service was not available during the weekend so I could never ask any questions which obviously is a huge drawback. What’s the point of having “live chat” when there is no one there to talk to? That’s definitely something to improve on… On the plus side, YesOption offers higher payouts for Premium and Platinum account holders. This offer and their platform is very similar to 24Option but there is still much left to be desired before we can even consider comparing the two brokers!
YesOption offers signals and a trading robot. The signals are for 30-60 minute trading and they are sent to your email, SMS and published inside the platform daily if the market conditions are good. The robot is called AutoTrader Pro and it is advertisied as the “fastest, most accurate, cost efficient automated trading technology to date – Go auto and profit while you sleep!”
Sounds good? Well… hold on… let’s take a moment here and state the obvious, you and the broker are in a conflict of interest, something YesOption clearly admits to in their “conflict of interest policy”. Also, as a frequent reader on BinaryOptionsthatSuck.com, you surely already know that brokers are the last ones to offer you an actual working autotrader. And since this industry began, there has been no actual robot that has done anything other than blowing accounts. Therefore, the statement above from YesOption is exaggerated and misleading advertisement which we can’t approve of. Neither would the regulators – so if they were regulated they could get fines for such claims. Wrapping it up, I think it’s best to stick to strictly regulated firms with good reputation that reform according to new laws and demands from authorities.
Most complaints I have found are about platform prices being very different from other sources and some execution delays. There were also a few complaints about withdrawal delays but they were not that serious. Update 2020: Their platform is now SpotOption and the very few complaints are mostly regarding pushy account managers who are only interested about deposits.
YesOption Regulatory Announcements and Warnings
21.08.2020 YesOption shows up on CFTC’s red list but this does not mean that they are in violation of any provision of the commission – states CFTC on their page. Source: CFTC.gov
Currently, YesOption offers a matching bonus up to 2500$ but it can stretch all the way up to 50 000$. You need to trade 30x times the bonus volume plus the amount the bonus was received for.
Update 2020: Bonuses reach up to 75% depending on your account type (up to 50K still true). The required trading volume remains the same as mentioned above but the volume generated based on trades from the platform’s “SpotFollow” feature will NOT count in your favor. Moreover, you cannot withdraw your own deposit until the required turnover has been met and any withdrawal request will be automatically canceled.
Before making your first withdrawal, your account has to be verified. Required documents are; utility bill, picture of ID and C.C. Credit card withdrawals are free of charge and you can withdraw via wire and Skrill.
User Friendliness 12/20
You can get some help in the academy and on the main page but there are no guides directly in the trading area. The site is available in two languages, English and German. The T&C was really hard to read – not user-friendly at all due to small print and no separation in clear paragraphs and points.
No. of Assets and Expiry time 14/20
There are a total of 125 assets. 34 currency pairs, 25 indices, 56 Stocks and 10 Commodities which is a fair amount of assets. Expiry times are just like other Techfinancials platforms. There is short term, 60 second, 90 second and 5 minutes. For higher timeframes you can choose anywhere from 5 minutes and add an additional 5 minutes for a longer expiry. Update 2020: They have switched to SpotOption which allows 60 second trading and long term but also Forex and CFD trading, one touch, ladder, pairs and limits.
Commissions, Support and Effective Return 14/20
The live chat support was not available during the holidays. Returns can be as high as 89% for VIP members which is relatively high. The dormant account fee is okay because it takes 12 months of inactivity from the trader in order to be considered dormant.
Deposit, Payment and Bonus 12/20
There are quite many ways you can transfer funds; MoneyGram, MasterCard, Visa, Neteller, Ukash, t thawte, Western Union, WebMoney, QQiwi, Cash U and wire transfer. Bonuses range from 25% up to 75% but max 50K. Your money will be locked after accepting the bonus and all withdrawal attempts will be cancelled until the required volume of 30x the (deposit+bonus) is reached. Notice that the T&C states that any trading volume generated by using the SpotFollow feature will not count towards clearing the bonus.
Website Extra’s 14/20
YesOption Overall Ratings = 66/100
a Complete Guide for Binary Options Trading
YesOption is a binary options broker that everyone talks about. This broker covers binary options and forex markets for eventual trading knowledge very successfully and easily. YesOption binary trading platform is shaped with traders of all types of levels in mind providing the best and simple to a lot of assets and corresponding assets. The rich variety of features and bonuses is just one of the reasons to say yes and trade with YesOption platform. Read our YesOption review to see what the other reasons are.
Online since: 2020
– Multiple withdrawal/deposit options
– doesn’t accept US traders
Binary Minery Rating:
YesOption Account Features
An extensive set of features for all its members and a number of additional perks that come with diverse account options have been offered by the great platform called YesOption. In addition to website characteristics that are accessible to all members, there is also an offer of account promotions that traders can utilize to advance with trading binary options. Loyalty programs experienced with YesOption analysis are actually helpful and during the YesOption assessment. We tried the majority of these just to see how they work actually. We are content to say that we were more that satisfied with the result.
YesOption binary options broker promotions include deposit bonuses, free trading indications, and free one-to-one coaching sessions. These promotions were obtainable at the time when we wrote the YesOption support. Throughout the time, YesOption will put in other promotions, too.
In this way, one of the options is the YesOption Standart Account. This is the most basic option for the beginner traders that are just starting out. The deposit here is between $250 and $9999. This account has all the basic features, access to educational resources and promotions.
The next option is YesOption Gold Account that comes with the bonus between $10,000 to $24,999. For the owners of this account, on top of everything offered for the standard account traders there is and additional 2% to the return on investment and one free withdrawal per month.
Finally, there is YesOption Platinum Account that is offered to the traders depositing more than $25,000. It includes additional 4% on their return on investment, unlimited training sessions and, of course, all the features mentioned above.
Basically, users can go into one of the three loyalty programs to examine the broker in terms of trading signals and free withdrawals which are related to trading with YesOption.
On this platform, all traders obtain free trading signals when they first sign up here. There are a lot of services that offer this type of services for a lot of money. YesOption offers signals to all of its traders. Here, with YesOption appraisal tune one gets two weeks of as much as six daily signals transported by SMS, mail and website systems for the traders.
With YesOption, one-to-one sessions were one of the most surprising features we found out about. Typically, this type of service is only provided by binary options brokers to the VIP members. Moreover, with the YesOption this feature comes as a system of encouragement from the binary options trading platform.
YesOption Trading Software
The software of this platform is very much effective and helpful for the traders. We’re sure our traders will feel excited about trying it out after reading this broker review. YesOption actually delivers when it comes to understanding trading and enabling the traders to obtain utmost payouts as chances come along. For this, there has to be a strapping set of services and characteristic, and as you can see in the first half of this review, YesOption has it. All these services actually need to be supported a well functioning trading platform.
As anyone who reads our assessment before will understand, we love high-quality trading environments. We especially admire brokers who administer to present more than a little trading plugin on the website. YesOption offers a full trading experience with all the majority significant trading tools at hand. One can decide on assets and binary options types. Under neat info panel with three tabs release trades, trade narration and news stream.
So, the binary option types are prepared to trade on the platform are customary binary options, no touch options and touch, boundary binary options and 60 (sixty) seconds binary options. It is important to know about risk alteration tools like Rollover or End Earlier where traders can manipulate the outcome or the risk prize ratio before the trade expires. These tools are getting additional attention and more concentration in the binary options trading group of people. And it is for a reason, as they allow traders to manage their positions in a simple and translucent way. This type of contact management is not obtainable with standard trading techniques. It is also acceptable to the traders as well.
Moreover, the YesOption binary options brokerage directs to provide a broad variety of underlying assets. There are 10 commodities, 33 currency pairs, 55 sticks and 26 indices; there aren’t a lot of binary options brokers who manage to offer a selection this wide. YesOption also provides a chance to trade binary options on the go with their mobile trading solution which offers really great flexibility. It is very much strategically useful platform for the traders.
YesOption Support Information
YesOption customer support is something we,in fact, didn’t have to use during our YesOption review as we got outstanding information from the FAQ and the Getting Started segment of the website. However, as with any other binary options broker assessment, we must test the service for our readers. The customer service we tested in YesOption broker platform proved to be helpful and educational.
We contacted them with the help of e-mail, but readers are supposed to be aware that, as with additional binary options brokers there are other ways to get in touch with the YesOption customer support. Users can use phone or live chat support directly from their web page. Phone numbers are obtainable for Canada, Australia UK, South Africa, Bahrain and Switzerland, covering the majority of the world where this broker operates soundly.
YesOption Banking and Company Information
Basically, throughout our YesOption analysis, we figured out there are many easy ways to deposit trading funds. We used MoneyBookers for fastest ways to deposit the capital. Smallest amount deposits are only $250 with YesOption broker. Users who deposit using bank wire have to deposit the minimum amount of $500. Other payment methods include CashU and Credit cards (Visa, MasterCard, MasterCard, Visa Electron, Debit, Carte Bleue, Dankort, Diners Club, JCB, CartaSi and others.)
Another particular characteristic of YesOption is the fact that they support Paypal account which is one of the most conventional and easiest payment services in the world.
Users will need to verify their accounts before or after they make a deposit. It is most excellent to do this in the beginning and assure smooth transactions later. For the verified users, the broker wants a scan of some documents sent to the financial department of YesOption.
Withdrawals will be the procedure done in an extremely short time that can be 48 hours. With YesOption pulling out rules differ depending on the account. Throughout our YesOption assessment, we found that there is no minimum withdrawal amount if one uses credit cards, PayPal, net wallets for the trader. However, there is a minimum amount of $100 for withdrawal through bank wire. With Standard account, first withdrawals are really free. Users using the YesOption Gold or Platinum accounts get one free of arraign withdrawal per month.
Mostly, yesOption Platinum account holders can with exemplify as much as they desire without any fees. Other YesOption users will require paying $50 if they use bank wire, 2% fee if they withdraw via Skrill account, 3.5% if they use Paypal and 7% if they have a preference Cash U. We found the wire transport fees somewhat steep throughout the YesOption review, and advise users to use Paypal or Skrill/MoneyBookers to develop the binary option trade.
Customer Service: Live Chat / Email / Phone
Best Binary Options Brokers 2020: