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Broker's details

8.0
  • RBOptions

  • Bonus: up to 100%
  • Options Payout: 75-88%
  • Rating: 8.0 / 10
Broker Name: RBOptions
Platform: SpotOption
Founded: 2014
Bonus: up to 100%
Return/Refund: 75-88%/0%
RBOptions Overview
No. Of Assests: 96
Regulated:   No
Demo Account: Yes
Minimum Deposit: 250
US Traders:   Not Accepted
Read Users Reviews

RBOptions Review

Editor’s Note – Why Does RBOptions Suck in 50 Words

The biggest “issue” I have with RBOptions is that they are not regulated, despite being in the business for several years. Moving on to education, although I enjoy the A to Z video lessons, I see that the rest of the education center needs to get “spiced up”. It’s just a few lines in plain boring text. Under construction perhaps?

 

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Why Doesn’t RBOptions Suck in 50 Words

RBOptions has a fair reputation as a broker even though they are not regulated yet. It seems they have made some good attempts to help traders reach success. They offer unlimited demo accounts with no strings attached, training and signals for their VIP clients, education, webinars and more. What I really like is that withdrawals are processed and approved during 3 business days – even for non-VIP members. Too many brokers like to drag this process out as long as possible. For VIP members with larger deposits on the other hand, withdrawals are processed within 24 hours!

 

 

RBOptions Review – Getting Better!

RBOptions is an unregulated broker owned and operated by Zulutoys Limited which is headquartered in the Marshall Islands. The number given is 1-647-846-8231 and there are dozens of numbers for local service representatives in countries around the planet. Clearing services are provided by RB Secured Processing Limited located at 22 Wenlock Road, N1 7GU London, England. Zulutoys Limited is also registered under a virtual address in UK, the company number and address is: 09872729, OFFICE 3.11, NWMS CENTER 3RD FLOOR, 31 SOUTHAMPTON ROW LONDON ENGLAND WC1B 5HJ.

 

RBOptions uses the SpotOption platform which is one of the top platform providers. The platform looks nice, just like any other SpotOption platform so nothing special about it but they have recently added the SpotFollow copy trading option and spot forex. You can choose among, Binary Options trading, Pairs, long term, short term and one touch options.

 

The expiries vary anywhere from 30 to 60 seconds, 5 10 and 15 minute, daily weekly monthly and even up to 1 year! And if you’ve made a mistake or you simply don’t believe a trade will finish in the money, you can use the “Cancel a trade” feature. However, beware that canceling more than 20% of your trades is considered abuse and any profits will be renounced. Other than trading in pairs and the cancellation feature, the standard account holder can receive a 25% bonus, 3 day withdrawals and the unlimited demo account. RBOptions offers free withdrawals twice per calendar month to Credit Cards for everyone!

 
Since we did the first review the minimum deposit has been lowered to 250$/€ (from 500) which is now normal. And as I mentioned above, this will give you access to an unlimited demo account and all the features of the platform. Taking a look at their terms and conditions, they seem transparent when it comes to providing information in all areas. As an example, the bonus terms require a turnover of only 20 times the deposit + bonus which is very low considering most brokers set the limit to 40x or 50x times the deposit. However, you cannot withdraw your deposit until the volume is reached, which is clearly stated under the bonus policy.

 

Is RBOptions a Scam?

Even though RBOptions isn’t regulated, they have a fairly good reputation. I discovered some older (2014-2015) negative comments on various sites but they all seemed to be about traders not understanding the fact that anti-money laundering laws demand identification, C.C confirmation and problems with bonuses, basically not reading the terms and conditions. So, scam? It is doubtful. This broker has been in operation for many years with no major issues.

 

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RBOptions Complaints

We searched the web for RBOptions complaints, scams, comments and more. I tried to find as many complaints and fraud accusations on RBOptions as possible but there were mostly good reviews and comments. The caveat is that most of them seemed to be spam. The bad reviews we found were mostly regarding signals which either came from a third party that had nothing to do with RBOptions or were in some cases from account managers. I think if you have learned anything in our school, you should know not to take trading advice from your broker and also to not invest in autotraders!  I was happy to see that an RBOptions’ representative was frequently addressing issues and complaints posted by its clients.

 

RBOptions Bonuses

RBOptions offers bonuses from 25% up to 150% depending on your account. You have to generate a volume of 20 x (Bonus + Initial deposit) to meet the terms and conditions of the bonus before you can withdraw your funds. Since RBOptions allows you to cancel your trades before expiry no canceled trade can be counted as trading volume!

 

RBOptions Withdrawals

Withdrawals are processed within 3 business days but it could take additional 3-4 bank days before they show up in your bank account. For anyone with a VIP account; using the Money-Booker Skrill to withdraw, you are guaranteed to receive your funds within 24 hours if your request was submitted by 10am GMT. The minimum withdrawal size is 100 Dollars or Euro. You get two free withdrawals every calendar month and after that, additional withdrawals will cost 30$. RBOptions (like any other broker) requires proof of identification and residence before allowing any withdrawals because of their compliance with regulatory anti-money-laundering laws.

 

 

RBOptions Ratings

User Friendliness 18/20

Everything on the website and the platform is well categorized. You have easy access to support, education, market analysis and the trading platform is easy to use. The colors are nice and comfortable to look at. Edit; you can now choose one of the following languages: English, German, Arabic and Russian.

 

No. of Assets and Expiry time 17/20

The asset list and expiries are really good. Assets include forex, indices, stocks and commodities with over 100 choices. There are; 41 stocks, 21 currencies, 8 commodities and 26 indices. Expiry ranges from 30 second to 6 months depending on asset being traded. This platform also supports many additional tools such as: cfd, forex, one touch and SpotFollow.

 

Commissions, Support and Effective Return 16/20

RBOptions does not charge the first two withdrawals of each calendar month but additional withdrawals will cost 30$. There are no fees or commissions for buying options. They claim their support is live 24/7 and offer live chat. I tried it but I never got anyone to chat with. It was during the holidays, but hey, 24/7 means even holidays! On the plus side, the support was addressing the complaining clients on various forums and websites to sort out problems. Finally, moving on to the returns. They are quite high, up to 88% and 80-85% for the major currencies.

 

Deposit, Payment and Bonus 16/20

Minimum deposit is 250 Dollars which is the typical minimum amount for most brokers. You can deposit via Skrill, CC, Debit Cards and wire transfer which is a real plus. Same goes for withdrawals but using Skrill and holding a Gold Account or higher means you can withdraw within 24 hours! Bonuses require you to generate a volume of 20 times the (bonus + initial deposit) and range from 25% up to 150% depending on your VIP account.

 

Website Extra’s 13/20

VIP accounts, signals, webinars, one touch options and option builder are a few special services that RBOptions offers. The most important tool is the cancellation feature but you can only use it once in while without getting cut off from trading. Early closure and rollover are also avaliable, as are CFD, forex, one touch and SpotFollow trading.

 

 

RBOptions Overall Ratings : 80/100

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