Not approved broker by binaryoptionsthatsuck.com
5.9
  • StartOptions

  • Bonus: 50
  • Options Payout: 68-90%
  • Rating: 5.9 / 10
Broker Name: StartOptions
Platform: TradeSmarter
Founded: 2010
Bonus: 50
Return/Refund: 68-90%/0-10%
No. Of Assests: 43
Regulated:   No
Demo Account: Yes
Minimum Deposit: 250
US Traders:   Not Accepted

StartOptions Review

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

Much like most other TradeSmarter brands, the trading platform is too simple and limited, making trading easy for beginners but boring for experts. Without any real differences from other brokers, StartOptions stands in a point where change is needed to keep up with the modern trading technology already available. The recent update is just too shallow and doesn’t really bring any substantial improvements.

 

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Why doesn’t StartOptions Suck in 50 Words

Since we last visited them, they made a “skin change” to their website and the new layout is better, although the main things remain the same. The lack of trading options and the relatively low number of assets could harm the trading experience, but it could also help beginners get going smoothly. Sometimes less is better, but I really don’t know how that would hold up in today’s competition. The platform doesn’t suck for a very green trader but once the trader becomes more accustomed to Binary Options, he/she will probably move on and look for another, more complex platform.

 

 

StartOption Full Review- Not for Veterans

Launched on early 2010, StartOptions uses the TradeSmarter platform and is managed by TradeCharge Ltd, a company incorporated under the laws of Cyprus. Similar to the other platforms for binary option trading, Start Options Platform is 100% web-based using the technology of TradeSmarter so there is no need to download and install software. The site is available in 12 different languages including English, Russian, etc., organized and overall user-friendly. After depositing the minimum amount an investor is entitled to a free tutorial and demo. StartOptions superiority over most other Brokers is probably the Trade Insurance system: depending on your initial investment, you can receive up to 50% back on your losses. This Insurance can give a trader more confidence and peace of mind, knowing that half of their losses are covered. So why does StartOptions Suck? Because it’s just too simple, there aren’t too many extra features such as touch or range options and this fact could limit the profitability and the fun for experienced traders. Beginners, on the other hand, will enjoy the simplicity of the platform. The downside for beginners is the relatively low bonus- only 25% for a 250$ deposit. Most brokers offer their bonus from a lower initial deposit- 100\200$ at least, for an average 30-35% bonus. It means that if you are a beginner, you could deposit 200$ at the first, not a significant amount, and receive 60-70$ bonus. This way you can start trading with a sufficient amount of cash, but you invest less from the beginning. In the past they only offered Bonuses for deposits above $500, a very high amount for a beginner, but the recent lowering of the amount is a much needed addition. Finally, to make it simple – Beginners will not find what they are looking for in Start Options. The fact that initial bonus is available for only a 250$ deposit and is very low percentage, plus the above the average minimum investment on a trade (30$) transforms StartOptions into a “lucrative” broker.

 

 

Is StartOptions Scam?

At BinaryOptionsthatsuck.com we don’t just write a review and then just leave it there without any updates. Last time we interviewed StartOptions, we mostly talked about minor issues, such as bonus and so. We assumed that since StartOptions are based on a regulated binary options platform there’s nothing real to complain about, besides those minor issues. Well, written a while ago and that’s why we took the time to update it recently, some things have changed in binary options industry. The amazing growth of binary trading lead to different directions, some brokers invested more in trading platforms and trading tools, some invested in education, but all binary options are awaiting a real change in the field of regulation. One of the first countries which allowed certain regulation is Australia, MarkerPanter became the first regulated trading platform. As a result, all brokers operating via that platform became regulated. Unfortunately, regulation rules have changed again, some companies lost their regulation. Yet, the ASIC regulation status is unclear. This doesn’t mean that any company, such as StartOptions, working with TradeSmarter anter is a scam of course. While the situation with the Australian regulation is unclear, except from one or two recommended brokers who already received the new regulation, BOTS.com doesn’t really have a final answer. Without regulation, StartOptions remains an average maybe below average binary options broker, not a fraud by all means. Just as we promised, we kept monitoring their progress, but no major steps were made by them towards regulation or even substantial improvements.

 

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StartOptions Complaints

At binaryoptionsthatsuck.com we do the research, you get the results! We simply search different forums and trading sites, looking for any StartOptions complaints, scam alerts, frauds and so. Try it yourselves! Anyway, searching for StartOptions complaints is not an easy task. We couldn’t find more than one or two comments regarding StartOptions, therefore we cannot establish a firm conclusion.

 

StartOptions Bonus

StartOptions offer their costumers the improved bonus system, pending bonus. The deposited funds and the given bonus (you get bonus for every investment you make) are separated into two different accounts, makes it easier to handle your budget.

 

StartOptions Withdrawal

In the past we couldn’t find any information regarding the maximum withdrawal amounts, but lately they provide clients with this information: the deposited amount can be withdrawn via the credit card used for depositing and any profits will be transferred by wire. There is a $30 fee for withdrawing via bank wire.

 

 

StartOptions Ratings

 User Friendly 14/20

Start Options is 100% web based TradeSmarter platform, so there’s for software to be downloaded. The website is still a little messy, even after the recent “skin change” as they call it, but there is some improvement. Start Options offer its customers a short and very understandable demo and other extra binary options tutorials to simplify and explain all terms and tricks for trading. Overall, the site is user- friendly and easy to use since there aren’t too many extra options.

 

No. of Assets and Expiry time 12/20

Total of 43 Assets: 10 stocks, 10 currencies (forex), 8 commodities, 15 indices. We are disappointed to see that Start Options actually decreased the amount of assets offered since last time we visited them. Another drawback is the longest option expiry- only until the end of the day. The trader also has the possibility to trade 60 seconds or use a 15 minutes, half an hour or hourly expiry time.

 

Commissions, Support and Effective return 13/20

StartOptions do not charge any fees or commissions from investors when they deposit or purchase options. For withdrawing via credit card withdrawals are free of charge, wire transfer charge 30$. StartOptions support is available only via two international numbers in English or French, or via email. The live chat, available 24/7, was very slow in the few times we have tried to contact them, a downside for the service which was polite after finally responded. The effective return is competitive to the industry, up to 90% In-The-Money and up to 15% for Out of the Money trades. By using the Risk-o-Meter tool you can choose from various refund or payout percentages

 

Deposit, Payment and Bonus 12/20

Minimum deposit is average: $250 or 200 Euros. Deposit is available via Credit card, Wire transfer or Moneybookers. Withdrawals are not limited to a minimum amount and available via the same methods. Additional withdrawal fees do not apply for credit cards but a $30 fee will be applied for wire transfers

 

Website Extra’s 10/20

StartOptions offers its clients various learning tutorials, more than most other brokers, making them a good place for beginners from the learning point of view. Another nice extra is the “Sentiment” bar, (but that is becoming more of a standard than an extra these days) showing a percentage of put/call options made by others. The Risk-o-Meter is really an Extra feature, seen on very few broker websites.

 

 

Start Options rating: 59/100

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