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EmpireOption Overview
| EmpireOption |
| Bonus: up to $40% |
| Options Profability : 65-75% |
| Rating: 6 / 10 |
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Basics
| Broker Name: | EmpireOption |
| Platform: | SpotOption |
| Founded: | 2010 |
| Bonus: | up to $40% |
| Return/Refund: | 65-75%/0-10% |
| US Traders Accepted: | Yes |
Features
| No. Of Assests : | 52 |
| Regulated : | No |
| Demo Account : | No |
| Deposit Options : | C.C., WireTransfer, Moneybookers |
| Language : | 3. Including English |
| Minimum Deposit : | 100 |
Screenshots
Review Last Updated 2012-12-30 21:51:40
Editor’s Note – Why does EmpireOption Suck in 50 Words
Binary Options brokers like EmpireOption are pretty similar to most SpotOption platform based brokers. So many white label brokers are using this great platform; I guess that’s the reason why so many people keep asking me about the same brokers over and over again. Nothing special today, EmpireOption.
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Why EmpireOption doesn’t Suck in 50 Words
EmpireOption has built quite a reputation in the Latin-American Markets with good support in Spanish and Portuguese. Many non English speakers from Latin America have found a nice broker to trade with; nevertheless, I still believe there are better. You’ve more than welcomed to try and change my mind.
EmpireOption Full Review – EmpireOption not exactly an 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 approximately, some of those brokers are quite shady and therefore a suspect of a binary options scam (a big problem with white label brokers). Many brokers are using a pre 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. The problem with binary options brokers like Empire Option is that it’s just another boring tree in the forest, not the most tallest one and nor the most beautiful, but if you’re not a botanist all trees may seem just the same to you. Much like other SpotOption trading platform based brokers, EmpireOption looks the same as 20 other brokers with a few minor differences which, unfortunately, are not an advantages. From the bright side, the trading platform is very user friendly, there are many trading tools and options and the payouts are ok. The whole trading experience and graphic design are top graded, similarly to all SpotOption based brokers, and therefore I found many beginners thinking that EmpireOption is the best binary options broker they can get. But not all that shines is gold. Not even EmpireOption, but that’s my opinion of course. The graphics and trading platform are good and modern after all, but eventually you can found these advantages in other better binary options brokers. Basically what I’m saying is that you can found better brokers than EmpireOption with the same advantages, but without EmpireOption downsides, which will be explained over the next paragraph.
Is EmpireOption a Scam?
From the trading platform to the design everything seems fine with EmpireOption. From other aspects, one first I didn’t like that much about brokers like EmpireOption, is that they are offering different accounts to different costumers, but those who deposit less gets f*cked. Traders who deposited more money into their accounts are eligible to better conditions. It’s not that I don’t think that those who invest more deserves a better service, but since EmpireOption isn’t exactly Bank of America and it’s not OK when you deny so many basic services from traders who want to invest up to 1000$(!), which is defiantly not a small amount to deposit in a low reputation binary options broker. Let’s say I deposited 900$ at an unknown binary options broker. Don’t I deserve a personal account executive or phone services? What about daily financial analysis? And the last one is the most outrages restriction I have seen in awhile – minimum 10 operations needed to withdrawal! But if you invest over K10$ (LOL) you may perform operation in order to release your investment from the pressing EmpireOption hug. Those stupid restrictions are basic services in most reputable binary options broker, but somehow EmpireOption thinks that they are so demanded so they can actually categorize their customers. EmpireOption doesn’t have anything special that other binary options broker don’t have, veteran known it well. I could only wish beginners will read this EmpireOption review before depositing there, or at least check out some other binary options broker before they make thins potential mistake. There’s a chance that EmpireOption will grow and invest more in their customer service, cause right know EmpireOption looks like scam to me, and I’m not surprised to see more people thinking like me.
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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 very few complaints only in one site. As I saying before – Empireoption is quite fresh, it’s hard to find comments about it.
EmpireOption Bonus
The bonus at EmpireOption is average, around 30% for any deposit. The wager is 30 times * bonus.
EmpireOption Withdraw
We checked out the withdrawal policy at EmpireOption and found some interesting results. There are a few types of accounts. The cheapest account, Bronze account (300-1000$), requires a minimum of 15 trades to withdraw and t least 7 days to receive your money. Vip – up to 3 days.
EmpireOption Ratings
Since 2010. Trading Assets- 52 trading Assets. Minimum Deposit -100$, 100€. Payment- Credit cards, wire transfer, CashU, moneybookers. Options Profitability- 65%-75%. Out of money option refund 1-10%. Platform: SpotOption. Languages- 4 different languages including English, French Portuguese and Spanish. Demo- no.
User Friendly 14/20
EmpireOption website is based on a 100% web based SpotOption platform. The website is very user-friendly and trading experience is good. The platform is modern and graphically attractive. EmpireOption website is a nice, not special in my opinion in any way. The demo tutorial is helpful. There’s not enough learning material. EmpireOption is only in 3 languages, including English, Portuguese and Spanish.
No. of Assets and Expiry time 12/20
The total number of assets is 52 which include 14 stocks, 12 currencies, 4 commodities and 22 indices. EmpireOption offers an average selection of assets available to trade, average amount for a fresh broker. The expiry times range from between 15 minutes until the end of day. Touch options for weekend trading are available.
Commissions, Support and Effective return 8/20
EmpireOption don’t charge any fees or commissions from traders when they first deposit or purchase options. Withdrawals are charged with a 30$ fee for all methods. All withdrawals have a minimum of 100$ and a minimum of operations. EmpireOption support isn’t the best I’ve seen. The effective return is below average with a maximum of 75% In-The-Money. The Out-of-Money refund is also below average, stretches from 1-10%.
Deposit, Payment and Bonus 12/20
A below average minimum deposit of $100 is required for initial deposit at EmpireOption, for a Bronze account. Minimum investment is average with 25$ 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. EmpireOption offers a Bonus up to 100%.
Website Extra’s 14/20
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 Option Builder. The trading technology provided by EmpireOption is modern and extra user-friendly. There are also some market reviews (some of completely out of date and unhelpful) by EmpireOption and a live news feed bar.
EmpireOption Rating 60/100
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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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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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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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hello is there anyone scam in empireoption?
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EmpireOption Swindled 300Euros out of my account. They want to access my7 bank account too Ehhhh?
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I would like for more person to give their feedback on empire options
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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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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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Empire Option comments required is it a scam or not?
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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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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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HOW CAN I DELETE EMPIRE OPTION ACCOUNT? PLZ HELP MEEEEEEEE
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just don’t deposit and trade with them. that’s it!!!
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