EmpireOption Overview

EmpireOption
EmpireOption
Bonus: up to $100%
Options Profability : 65-85%
Rating: 7.5 / 10

Basics

Broker Name: EmpireOption
Platform: SpotOption
Founded: 2010
Bonus: up to $100%
Return/Refund: 65-85%/0-10%
US Traders Accepted: Yes
More EmpireOption Basic Information

Features

No. Of Assests : 52
Regulated : Yes
Demo Account : No
Deposit Options : C.C., WireTransfer, more
Language : 3. Including English
Minimum Deposit : 100

Screenshots

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Review Last Updated 2014-03-23 10:05:37

Updated Review 3/9/2014

Editor’s Note – Why does EmpireOption Suck in 50 Words

Binary Options brokers like EmpireOption are pretty similar to other brokers because they are based on the SpotOption platform. So many white label brokers are using this great platform it is easy to find one; I guess that’s the reason why so many people keep asking me about the same brokers over and over again.  EmpireOption is yet another broker based on the Spot2 platform but one that has taken SpotOption to the next level. Unlike the rest of the brokers using this platform EmpireOption has remained an independent company, licensed and regulated in Uruguay under the country’s Commerce Code.  Check out our

 

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Why EmpireOption doesn’t Suck in 50 Words

EmpireOption doesn’t suck because it is changing the way binary options are traded. The broker is based on SpotOption, but unlike other SpotOption brands has retained control of its own brand. This broker is based in Montevideo, Uruguay and is regulated there as a legitimate business under the country’s commerce code. Empire has recently changed many things about its operations that have increased its value to binary traders, especially those located in the U.S. The most important thing to note is the way it handles trader accounts. There is a progressive system that rewards traders for building account balances with things like immediate, free withdrawal.

 

 

EmpireOption Full Review – Founding A New Empire..?

Lunched on late 2010, EmpireOption is a 100% web based SpotOption platform with no need for any software to be downloaded. It’s no secret new binary options brokers are opening to business almost every month since 2010 , some of those brokers are quite shady and therefore a suspect of a binary options scam (a big problem with white label brokers). The difference with this broker is that it is not a white label like the others. Most SpotOption brokers have less than 60% control  of their websites and are tied into the SpotOption cashier system. Not EmpireOption. This broker has remained independent and in control of their own business, because it is an independent business, not a spin off. Empire provides its own banking and cashier services, among other advantages. Many brokers are using a prepared trading platform as their trading system and changes a little their web site design to distinguish themselves from other binary options brokers, but they are actually more or less the same, or just a copy of a successful binary options broker. It took me only a quick glance at Empire Option to understand EmpireOption is another SpotOption brand. At first I was not impressed, but the more I learned the more I like it. Especially after the long talk I had with my contact within the company.   From the bright side, the trading platform is very user friendly, there are many trading tools and options and the payouts are good. The whole trading experience and graphic design are top graded, similarly to all SpotOption based brokers, but with the new Spot2 platform they have gone above what the average broker is doing.  Empire uses the platform to it’s full potential offering one of the most complete lists of assets around and make for the some of the best binary options trading when coupled with the available expiry’s.

 

 

Is EmpireOption a Scam?

EmpireOption is likely not a scam. It is a legitimate business of Uruguay operating in the Uruguay WTC Free Zone. However, some of the banking requirements may seem to be a little scammy, especially if you are planning to open a small account and make a lot of withdrawals. Smaller accounts are discouraged from making withdrawals by minimums, maximums and trading requirements. The smallest account tier is the Micro. It requires a minimum balance of $200 and goes up to $600. Withdrawals cost $30 each and you must trade at least $25 ten times in order to be eligible for withdrawal. The largest account size is the VIP with a minimum balance of $20,000. This account has no withdrawal fees, no minimum and no maximum and only a 5 trade requirement. It also comes with unlimited free and immediate withdrawal so long as you maintain the monthly requirement. Is this a scam? Maybe, but it is also a way to reward traders who are trying to build account equity, not just skim a few bucks out of the  market.

 

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EmpireOption Complaints

One small but important step before depositing into any broker is checking a few search engines such as Google for any broker complaints. It’s very simple, Bots.com are doing the work for you. This is what found when searching for EmpireOption scam and fraud alerts: We found a few complaints on a few websites, including this one right here. Nevertheless, the latest complaints are dated for the first half of 2013 and 2012, so it’s fair to say this company was indeed improved in terms of client’s support.

 

EmpireOption Bonus

The bonus at EmpireOption is average, around 30% for any deposit. This amount grows as your account grows. There also may be additional incentives from time to time. The standard trading minimum volume is 30 times * bonus. In order to make any withdrawal of any kind you must meet the minimum trade volume.

 

EmpireOption Withdraw

We checked out the withdrawal policy at EmpireOption and found some interesting results. Withdrawal is based on account tier. The lowest account has a minimum of $200, maximum of $600 and requires ten trades in order to qualify. The highest tier, VIP, requires only 5 trades and has no minimums, maximums or cost. The middle tier, Plus, has a ten trade requirement, a minimum withdrawal of $100 and a max of $3500. Micro accounts take 10 days to process, Plus accounts take 5 days to process and the best, the VIP, are immediately processed and sent to your receiving account.

 

 

EmpireOption Ratings

User Friendly 16/20

EmpireOption website is based on theSpotOption platform. The website is very user-friendly and trading experience is good. The platform is modern and graphically attractive. EmpireOption website is nice but not too special in my opinion in any way. The demo tutorial is helpful. . EmpireOption is only in 3 languages, including English, Portuguese and Spanish.

 

No. of Assets and Expiry time 17/20

The total number of assets varies during the day as one market opens and another closes. There are over 2 dozen international indices including the major U.S., EU and Asia-Pacific indices, 8 commodities, about 20 currency pairs including Bitcoin and over 100 stocks.. Expiry is really top notch as well. The Spot Option platform allows you to choose expiry that ranges from 30 seconds to end of day to end of the week, next week, end of the month, next month and the next on out until the end of the year.

 

Commissions, Support and Effective return 14/20

EmpireOption don’t charge any fees or commissions from traders when they first deposit or purchase options. Withdrawals from the Micro Account are charged with a 30$ fee for all methods with that fee decreasing as your account grows. All withdrawals have a minimum with the top two tiers minimum of $1, the bottom tier of 200$.. EmpireOption support isn’t the best I’ve seen but no binary broker has what I would call really really great support. The effective return is below average with a range of 75%-85% for  In-The-Money. The Out-of-Money refund is also below average, stretches from 1-10%.

 

Deposit, Payment and Bonus 14/20

A below average minimum deposit of $100 is required for initial deposit at EmpireOption, for a Micro account. Minimum investment is average with 25$ per trade. The deposit methods which are accepted by this trading platform are Money Bookers, Credit or Debit Card and Wire Transfer. Withdrawals are generally available via the same methods with minimum fees applied. Depending on your account your withdrawal will take anywhere from 10 days (Micro) to immediate (VIP). EmpireOption offers a Bonus up to 100%. In order to get the bonus you will have to request it, it is not automatic.

 

Website Extra’s 13/20

Based on SpotOption trading platform, EmpireOption provides a nice set of trading tools and options, including Roll Over, Double Up, 60 seconds binary options and Sell Now. The trading technology provided by EmpireOption is modern and extra user-friendly. There are also some market reviews  by EmpireOption, a live news feed bar, free trading signals and a trade simulator to test out trading ideas. I also think the banking system should be considered a bonus. It offers some great rewards for serious traders.

 

EmpireOption Rating 74 + Regulated UY (+1) =  75/100

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15 Responses to “EmpireOption”

  1. mel says:

    you give this review… the question is…did you register to empireoption? most people who give negative reviews are not even investors or members themselves.

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    • Darian says:

      I traded on empireoption and made more than I invested the only way you can lose money is changes in the market which is extremely volatile and they are quick and responsive in all honest opinion they are not a scam

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  2. Katherine says:

    I traded on their site. First of all, their CSR’s are incredibly rude. They don’t answer question, can’t speak English talk over you and send you emails FULL of sarcastic, snide comments and laced with profanity. Yes, I have the emails to prove it. Not only that but the website itself is full of terrible grammar and typo’s….doesn’t inspire confidence. That in itself was enough to turn me away from this site and cancel the card I’d used to fund the account.

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  3. leumas says:

    hello is there anyone scam in empireoption?

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  4. Kahssaye says:

    EmpireOption Swindled 300Euros out of my account. They want to access my7 bank account too Ehhhh?

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  5. Darian says:

    I would like for more person to give their feedback on empire options

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  6. Laurent says:

    Well i have proof that Empire Options is just a scam… I put in 100 and i have lost it gone…. now when i lost the last trade i checked my numbers here they are….

    654967 $5 EUR/USD 15:15 19/12/12 1.32866

    15:16 19/12/12 1.32867
    lost

    Now before i went to check my account within a spit second i went to the binary options tab which Ryan the support apparently couldn’t find… the number was reading 1.32858 so i should have won but i didn’t and as Ryan said i would have lost anyway so i would tell anyone stay away….

    You don’t get much help if you are new to this and to get a practice account you have to invest more money so again money talks the rest can walk………

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  7. Lauren says:

    Hi,

    I am from Spain and i am user of EmpireOption, I deposited 100€ and when i had +500€ I request a withdawal on 15 January 2013. Today is 9 febreary 2013 and I still didn’t get paid.

    Live chat told me that during the week i would recieve the money and as you can see I write this msg in this site because I STILL WAITING MY FUCKING MONEY.

    If you want deposit in EmpireOption,, its because you are stupid,,, I don’t know whats gonna happen but I am still waiting my fucking money after 24 days from my withdrawal request.

    All my documents has sent for verification and I deposited with Moneybookers and they only can process this withdrawal with Bank Transfer.

    I am angry every time i go to my account and there is still my 500€ there.

    This is not fucking serious,, i have tried anothers binary options sites as: 24option and 24bulls and they paid in less than 10 days.

    Stay away from EmpireOption,,, I will update this message if I recieve my money.

    Next week I will kill someone if they do not pay me. This monday I will try to talk with live support again and I tell her that she is a fucking LIER, telling me that i will recieve my money and my money is proccessed from last week and I did not get this money in my bank account.

    The worse live support ever, one time I wait 40 MIN!!!!! for an simple answer ( I ask her, when i will recieve my money ). She told me on 4 Febreary…. and you see,,,, that was a fucking joke.

    Stay away from EmpireOption, when i register, someone will calling you offering you the best…. when you withdrawal… nobody will care about you…

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  8. Muhammad Maqsood Siraj says:

    Empire Option comments required is it a scam or not?

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  9. Miguel Arruabarrena says:

    I am actually an active trader from EmpireOption.com.
    I live in Spain and I never had a problem to make withdrawals.
    Their customer support in spanish is very good and always with time to hear you.
    I really don’t know about their customer support in other language.
    Their promotions are ok, to be honest, equal than any other binary option platform.
    Why I am still trading with them? Because they always pay my benefits on time and with no problem.
    Another important point is they are regulated in Uruguay not in Cyprus and I think that my money is secure there, outside Cyprus problems.

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  10. Daniel says:

    Don’t trust this type of game. 60 seconds operations are scam. Behind the “volatility”, allways they make some adjustments. Too many delays, to long expiring time and if you compare the rates with some independent charts, you will see big diferences of the rates. Stay away. You can earn some money but finally you will lost everything. Don’t believe in “strategies”. All are fake and there is no special secret to get money shortly.

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  11. JOJO says:

    HOW CAN I DELETE EMPIRE OPTION ACCOUNT? PLZ HELP MEEEEEEEE

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  12. botsog says:

    just don’t deposit and trade with them. that’s it!!!

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  13. Stu says:

    I have just come to the conclusion that ALL of these Binary brokers are thieves. Once you get in there is a different attitude with the reps etc. I think i will just back away from this mess. By the way Empire is located in Uraguay and they are not regulated. Buyer be ware

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  14. M B says:

    Yes, I’ve tried several BO sites. My last one, the Green Big website, I got GBP12,xxx in my account. No bullshit man and I lost it all again. Money in there was NOT your money. It’s theirs since they tried, convinced you to make trades again until you lost it all. Just like Casino, NO MONEY COMES OUT. Trust me, it’s NOT your fucking money. What you see is NOT what you’ll get. WYSNWYG. Doing other thing more worthy than this.

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