Trusted Broker By BinaryOptionsThatSuck.com

EmpireOption Overview

EmpireOption
EmpireOption
Bonus: up to $40%
Options Profability : 75-85%
Rating: 9.1 / 10

Basics

Broker Name: EmpireOption
Platform: SpotOption
Founded: 2010
Bonus: up to $40%
Return/Refund: 75-85%/1-10%
US Traders Accepted: Yes
More EmpireOption Basic Information

Features

No. Of Assests : 100+
Regulated : Yes
Demo Account : Yes
Deposit Options : C.C., WireTransfer, more
Language : 5
Minimum Deposit : 200

Screenshots

Screenshot 1
Screenshot 2

Review Last Updated 2014-06-30 13:24:14

Updated Review 6/25/2014

Editor’s Note – 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.

 For more information regarding our decision to approve EmpireOption here.

 

 

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. Also, recently they’ve revamped their website, making it stand out of the crowd completely. It’s fresh and looks 2014, not 2004; it has a great feel and shows a lot of attention to detail. Definitely an improvement so thumbs up for that.  

 

Check out more Recommended Binary Options Brokers

 

 

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, but some of those brokers are quite shady and therefore suspect of 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 change 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 that EmpireOption is trying to do things differently and they don’t want to be “just another” SpotOption brand. Their website is well structured and the entire experience is pleasant because you don’t have to spend time to search for information which is scattered all over the place. Everything is where it’s supposed to be. And the more I learned the more I liked it. 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 its full potential, offering one of the most complete lists of assets around and make for some of the best binary options trading when coupled with the available expiries.

 

 

Is EmpireOption a Scam?

EmpireOption is 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 unconventional, 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 $500. Withdrawals cost $30 each and you must trade at least 20 times, with at least $25 per trade 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 as long as you maintain the monthly requirement. Is this a scam? No, maybe it is a bit restrictive, 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.

 

Check out our Recommended Binary Options Brokers

 

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. The thing is that all brokers have complaints on the internet – if one doesn’t, something fishy is going on – and Empire Option is no exception but considering that they are in business since 2010, the amount of complaints is very few and during the last couple of years they are even fewer 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 (currently they are running a trading contest with cumulated 70K USD of prizes). 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 $500 and requires 20 trades in order to qualify for withdrawal. 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 working days to process, Plus accounts take 5 working days to process and the best, the VIP, are immediately processed and sent to your receiving account. For withdrawals of over USD 1000, EmpireOption is entitled to make the transaction via wire transfer.

 

 

EmpireOption Ratings

User Friendly 18/20

EmpireOption is based on the popular SpotOption2 platform. The website is very user-friendly and has been recently improved. The trading experience flows nicely. The platform is modern and graphically attractive. EmpireOption.com is available in 5 languages: English, Portuguese, Spanish, French and Deutsch.

 

No. of Assets and Expiry time 18/20

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 18/20

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. EmpireOption support may not be the best I’ve seen but no binary broker has what I would call really, really great support. The effective return is close to 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 17/20

A minimum initial deposit of $200 is required at EmpireOption for a Micro account. The deposit methods which are accepted by this trading platform are Money Bookers, Skrill, Payza, Credit or Debit Card and Wire Transfer. Withdrawals are generally available via the same methods with minimum fees applied. The first withdrawal of the month is free for all account types except Micro. Depending on your account your withdrawal will take anywhere from 10 days (Micro) to immediate (VIP). EmpireOption offers attractive Bonuses but in order to get the bonus you will have to request it, it is not automatic. The volume required to withdraw any money if you accepted a bonus is 30 times that bonus.

 

Website Extra’s 17/20

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 put together by EmpireOption, a live news feed bar, free trading signals and a trade simulator to test out trading ideas.

 

 

EmpireOption Rating 88 + Regulated UY (+3) =  91/100

Check out our Recommended Binary Options Brokers

 

GD Star Rating
loading...
GD Star Rating
loading...

26 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • 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

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Empire Option Support says:

      Hi Katherine,

      I am an official representative of EmpireOption’s support team. Thanks for your comment.

      We are very sorry to hear that you had this type of communication with one of our Account Executives. We do have excellent Account Managers who speak perfect english, so please send us an email to support@empireoption.com to assist you in a proper way.

      Best regards.

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  3. leumas says:

    hello is there anyone scam in empireoption?

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  4. Darian says:

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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  5. 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………

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • opus says:

      same thing happened to me. i won the trade, but all of a sudden when speaking to customer service, the trade dropped 25 points in less that 5 seconds. BS. They told me something about volatility, but it wasn’t that. unless there was a HFT issue that none of us heard about, it was something else! Don’t use this broker!

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  6. 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…

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  7. Muhammad Maqsood Siraj says:

    Empire Option comments required is it a scam or not?

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Empire Option Support says:

      Hi Muhammad,

      I am an official representative of EmpireOption’s support team. Thanks for your comment.

      I can tell you that Empire Option is not a scam in any way. It is a regulated Binary Options platform that receives its market prices feed from Reuters, a very reputed company and one of the top providers in the financial industry.

      Please send us an email to support@empireoption.com to assist you in whatever you’d need,

      Thanks.

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  8. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  9. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  10. botsog says:

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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  11. 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

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Empire Option Support says:

      Hi Stu,

      Thanks for your comment.

      Empire Option is a 100% regulated platform, and it is regulated by the law of Uruguay because its headquarters are located there. As a matter of fact, we are the only binary options platform in the market that clearly states where it is located and invites clients to visit their offices.
      I extend the invitation to every client of ours or non-client that wishes to visit us.

      Please send us an email to support@empireoption.com so we can clarify any other doubts you might have.

      Kind regards everyone.

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  12. 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.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  13. opus says:

    I won’t say they are a scam, but they have info going around that they are regulated. they are NOT! i’ve traded numerous platforms and did quite well. traderush, banc de binary (before they stop taking us traders) NRGbinary and 24hour option. I always got a fair shake, i can’t seem to win at all on their platform, but the same trade win on traderush. go figure. also, do not get a micro acct. you have to place 20 or so trades before you can withdraw and the cost is $25/trade. I will NEVER use them again and would STRONGLY advise others to stay away, as well.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  14. Fred says:

    I use Empire option and I’m so disapointed. I deposit on a day that they double the deposit five days now from the initial deposit and I’m still waiting for the money. I win some trade but I lost more than I win. And when the trade stop … They make it continu so I’ve lost most of my trade cause the trading was continuing … THIS IS A REAL SCAM STAY AWAY FROM IT ….

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  15. cole masose says:

    These people removed options from my mobile trading platform why i dnt know now i cant trade on the go…very dissapointed

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  16. Zoot says:

    I do not trust.

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  17. dennis arhinful says:

    please how can i deposite money
    how can i see my daily profit
    do u take paypal
    where is ur bank details for wire transfer

    GD Star Rating
    loading...
    GD Star Rating
    loading...
    • Empire Option Support says:

      Hi Dennis,

      Thanks again for your comment.

      Please contact our support team sending an email to support@empireoption.com so we can assist you in these matters right away.

      Best regards.

      GD Star Rating
      loading...
      GD Star Rating
      loading...
  18. cole says:

    very slow withdrawal otherwise honest broker

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  19. wilber says:

    Before this was not as good broker but now is one of the best in all aspects to improved now recommended if ***Translated from Spanish***

    GD Star Rating
    loading...
    GD Star Rating
    loading...
  20. Dave says:

    Anyone known of FourMarket or heard of it Reputable trade method? Legit or scam? And are they new onto the trade market?

    Please advice anyone whom dealt with them.

    D

    GD Star Rating
    loading...
    GD Star Rating
    loading...
Pages:
 
 
Help our community by sharing, leaving comments or complaints

 

*