Option Now Review
- Established in:
- Maximum leverage:
- Minimum deposit:
- Minimum deal size:
- Languages available:
- English, Arabic, Russian.
Owned by Zluti Marketing Ltd., OptionNow is a binary options broker located in George Hill, Anguila. While the minimum deposit for OptioNow starter accounts is just $250, it is important to note that this broker does not officially accept American traders. As of fall 2014, OptioNow also has yet to receive a license from CySEC in Cyprus which means that the organization is not regulated.
One of the major benefits in working with OptioNow is the fact that it uses a recognizable and wholly intuitive trading platform. Those who have traded binary options before are likely familiar with this platform given that it is a popular choice among other brokers. It is called SpotOption and it is run directly from the trader's own browser window. Technical requirements for this platform involve having the latest version of Flash in order to support the trading window. There are a number of easy trading modes that traders can take advantage of. This platform has also undergone recent upgrades so that traders can use binary options to trade Forex. Unfortunately, however, new traders do not get access to demo accounts, which are a vital part of the learning process.
Education and Support
No OptioNow Review would be complete without mentioning this company's commitment to education. This remains true in spite of the absence of demo accounts. In fact, this is likely the major appeal of working with this institution. Each account package includes a number of educational webinars and training sessions with high-end accounts having the greatest number of informational resources. For instance, a Bronze or starter account holder will get 2 free webinars, an account manager and 25% of the daily signals with sign-up, whereas Elite account holders will get their own personal financial experts, 9 webinars, senior account managers, unlimited alerts and signals, 4 risk-free trades of up to $500 and sessions with a senior analyst along with a senior account manager. If problems or question arise, customers can access customer service via email, their own personal financial advisers and through phone inquiries. Helpdesk support is available five days per week.
In addition to the high/low, OptioNow also provides 60 second trades, long-term options and one-touch options. This platform additionally has an indicator for trader choice. This allows account holders to formulate their trading decisions based upon the movements and general sentiment of others. Best of all, traders have the option of exiting their trades before the expiration of their options in order to limit risk and preserve profits. On the upper right of the trading screen, traders will additionally find a multi-view pad that allows ease of movement from mode to mode.
Execution Speed and Language
Some consumers have complained of platform delays when executing trades, however, OptioNow maintains one of the most up-to-date and well-known trading platforms out there. The major complaint that many people have against this broker is simply the fact that there are not many languages that it accommodates. It is currently available in Turkish.