MagnumOptions Review

Overview

Magnum Options platform offers a wide variety of currencies, stocks, commodities, and indices to trade binary options.

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Details

Broker MagnumOptions
Website URL www.magnumoptions.eu
Founded 2013
Free Demo Account Open Demo
US Traders Allowed No
Overall Score

Full Review

70707Magnum Options began its binary options website back in 2013 and is considered one of the top brokers in the field, with its high return rate of up to 81% being its highlights. This broker’s main aim is to offer its users the best binary options experience.

The platform itself is modern, easy to use and filled with plenty of trading tools. It can be accessed online from your laptop, desktop, smartphone or tablet. There is something for everyone’s comfort and taste, from novices to masters, and for those with busy lifestyles who like short term trading and those with more leisure time on their hands.

Magnum Options is dedicated to improving the experience for its users. It makes sure to keep up with market trends by adding new assets as well as creating innovative features and packages to the website, making for a dynamic platform. At present the site offers over 180 unique assets and covers currency exchanges, commodities, indices, stocks and pairs.

Magnum Options has a growth outlook and wants to make sure traders can develop as traders. Because of this, the site offers an academy, filled with ways for traders to learn more about binary options, via video courses, webinars, an e-book and access to a personal account manager. The website also allows first-time depositors access to a demo account, so users can become familiar with how trading works without losing their initial deposit.

 

Deposits and withdrawals

Magnum Options makes opening an account simple and users have access to their funds without issues. The platform doesn’t charge traders for having an account or depositing. Users can transfer funds into their trading accounts quickly via credit and debit card, e-wallet Neteller or via wire transfers. The account can be used with a variety of currencies including US dollars, euros, pounds, or Australian and Canadian dollars. Magnum Options has a low minimum deposit of 200 USD (or 200 EUR, 200 GBP, 280 AUD or 250 CAD) and a minimum trade of $25, allowing users of all budgets access to their platform.

Magnum Options don’t make it their business to prevent users from getting their funds back and their withdrawal is a straightforward process. The process is begun when users log onto the website and fill in a withdrawal request and submitting the requested documents. Thereafter once Magnum’s accounting department has approved the request it can take 5-7 business days for the request to be completed and traders will receive their profits via their original source of deposit.

 

Safety assurance and support

Magnum Options is dedicated to creating a safe and secure trading environment for its users. As a law-abiding business, it makes great efforts to ensure its user’s privacy. It does so by never storing any credit card information and encrypting users’ personal data, as well as using SSL protocols on all of its pages. The reviewers took out time to question the friendly support staff and read numerous comments and reviews online to verify this fact.

Additionally, Magnum Options goes all the way in creating a safe environment with its 24/7 customer support team. They were incredibly knowledgeable and prompt in answering enquiries. They are available via phone, email or LiveChat.

 

Accounts and bonuses

Magnum Options gives users the option of receiving a bonus when they open an account or make a new deposit. The bonuses often come with added website tools and features, available when users select one of the account packages that the platform offers. The Mini Account with a $500 deposit gains users a 25% bonus along with other exclusive educational tools. The next account is the Starter Account for a $1000 deposit with a 30% bonus. The recommended Silver Account with a $5,000 deposit comes with a 50% bonus. The more high rolling accounts are the Gold and Platinum accounts with $10,000 and $25,000 deposits respectively, offering 75% and 100% bonuses and a host of other select materials. Bonuses are decided when users speak with a personal account manager.

 

Summary

Magnum Options is loaded with innovative tools that are suitable for novice and experienced users. There is a variety of assets so that profit making is not far from traders fingertips. The website features great support, attractive bonuses and a high return rate. Overall Magnum Options offers users an exciting platform and a secure, pleasurable trading experience.

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