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TopOption Overview

TopOption
TopOption
Bonus: up to $100%
Options Profability : 70-85%
Rating: 8.9 / 10

Basics

Broker Name: TopOption
Platform: KeyStone
Founded: 2012
Bonus: up to $100%
Return/Refund: 75-85%/0-5%
US Traders Accepted: No
More TopOption Basic Information

Features

No. Of Assests : 56
Regulated : Yes
Demo Account : No
Deposit Options : C.C., WireTransfer, more
Language : 10
Minimum Deposit : 200

Screenshots

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Review Last Updated 2014-08-21 14:56:24

 Editor’s Note – Why TopOption doesn’t Suck in 50 Words?

Regulation! Regulation! Regulation! Now we’re talking! TopOption is operated by Safecap Investments Ltd, a Cyprus Investment Firm established in 2008 and regulated by CySEC (Cyprus Securities and Exchange Commission). Safecap is one of the most prolific firms active in the online trading industry, in addition to operating well-known websites, such as Markets.com, GoForex and ForexYard. Knowing that we are dealing with a respectable company allows the trader to sleep better at night and removes a lot of doubt.

 

Find out more about why we’ve decided to approve TopOption as a Trusted Broker!

 

Why does TopOption Suck?

Although the operating company has some good years under its belt and it is a well respected participant to the online trading industry, the TopOption product is a very new one, launched in 2013. Only time will tell if the team that operates the Binary Options broker can live up to the expectations and high standards of the parent company. Even if TopOption is owned by the respectable Safecap, we have to see them prove themselves.

 

 

TopOptions Full review – Trade My Way to the Top

Even from the first minutes spent on the website, clients can see they are dealing with a serious broker. The website looks polished and well designed, not like the normal white label platforms that look like mirror images of one another. The technology is provided by KeyStone, plus TopOption managed to personalize the platform and to repack it in a new form, paying a lot of attention to detail. There are no broken links and the whole experience feels totally uncluttered. Fortunately there’s no trace of the overly used slogan “We focus on who really counts. You” and the education provided is more than just empty words or misleading information like “Binary Options are not risky…” They call things by their names and don’t hide behind words: they inform the traders that they are risking their money when trading Binary Options, just like they risk it when trading any other financial instrument.

 

Like I mentioned before, TopOption is owned by Safecap Investments Ltd which is a CySEC regulated company. The difference between an unregulated broker and TopOption is huge: all the information is publicly displayed and you can be sure it is real because they are constantly verified by CySEC. Ok, but the most important and appealing thing about regulation is that your money is kept separately from TopOption’s money. In other words, they don’t have access to it and cannot use your money as they please. Once an unregulated broker gets a hold of your money, it all depends on whether they are honest or not; if they are scammers, there’s not much you can do about it. The money is lost and you don’t even know who to sue or at least where to find them. This horrible scenario cannot happen with a regulated broker (well, the world may end tomorrow so I guess everything is possible) and more than that, because your money is held in a separate account from the broker’s, in case of bankruptcy, your money will be safe. There’s more: TopOption undertakes serious risk protection measures like the Investor Compensation Fund insurance protocol of up to 20K Euros per client. Do not mistake this insurance fund for the trading insurance some brokers offer you. It has nothing to do with protection against losses incurred from trading. That’s the trader’s problem. They protect your money against other non-trading related occurrences.

 

A lot of brokers offer daily market analysis these days but unfortunately that analysis is anything but daily. Usually it’s so old that spider webs and cracks appear on the page. That’s not the case with TopOption; the analysis is indeed a daily one, they have a good economic calendar with events ordered by importance and expected impact, “Breaking News” section and overall, they provide a professional environment, just how Binary option trading should be. Let’s just hope their eagerness to be professional doesn’t fade away when some time passes and this is not just an attempt to create hype around them.

 

 

Is TopOption a Scam?

There is absolutely no scam suspicion related to them, due to the fact that the owning and operating company (Markets.com) is well respected and regulated. Only time will tell if the team at TopOption can rise to the top of the options industry.

 

Check out our More Recommended Binary Options Brokers

 

TopOption Complaints

At the moment there are not much complaints about TopOption but perhaps this is because they are a rather fresh broker. The fact that, so far, no angry customers emerged doesn’t mean that problems will not appear later. We’ll keep you updated on this matter.

 

TopOption Bonus

The client can choose between 3 types of accounts: Starter (min. deposit $100), Pro (min. deposit $1000) and VIP (min. deposit $5000). Each account comes with different bonuses: the Starter account can receive a welcome bonus of up to $250, Pro account holders can receive a bonus up to $500 and VIP accounts come with up to $2500 bonus. In order to withdraw the Bonus, a turnover of 20 times bonus + deposit must be accomplished.

 

TopOption Withdrawal

TopOption does not charge any withdrawal fees but the money must be sent to the same source it was debited from. Once the withdrawal request is approved, the client may wait up to 7 business days until the account is credited. However, TopOption mentions that 7 days will pass only in “exceptional circumstances” which makes us believe that usually withdrawals take less than that.

 

TopOption Extras

A lot of things can be considered extras when it comes to TopOption but the fact that the owning company is regulated by CySEC is one of the best extra features available among Binary Options service providers.   

 

 

TopOption Ratings

User Friendly 18/20

The website is available in 10 languages, the information has an intuitive layout and the trading platform itself is both accommodating for rookies and complex enough for seasoned traders.

 

Number of assets and expiry times 17/20

TopOption’s basket of assets is composed of 17 stocks, 12 currencies, 8 commodities, 16 indices and 3 pairs for a total of 56 tradable products. Although it is not an impressive number, the most traded assets are available so the trader can surely find a good opportunity among them. The expiry times range from 60 seconds to the end of the year, with an option builder feature which allows you to customize your trading. Roll Over, Double Up and Sell Option features are also available.

 

Commissions, Support and Effective return 18/20

TopOption doesn’t charge any commissions or fees for opening an account or for withdrawing funds but there is a $5 monthly fee for Inactive Accounts. Their Live Support is helpful, quick and offered in more than 10 languages. The effective return goes up to 85% but unfortunately there’s no refund for OTM trades.

 

Deposit, Payment and Bonus 17/20

The minimum deposit for a Starter account is $200, a Pro account requires $1000 and VIP accounts start from $5000. Deposits can be made via Credit Cards, wire transfers and e-wallets like Moneybookers, Neteller or WebMoney. Withdrawals must be made using the same source of the funds (if you use a certain bank account for depositing, withdrawals will be made in the same account). Once processed, a withdrawal takes up to 7 business days. Each account type comes with different Bonus amounts and the wager is 20 times the bonus + deposit.

 

TopOption Extra 16/20

Regulation of the owning company is a rare thing when it comes to Binary Options. The owning company of TopOption is regulated by CySEC and this grants them entry in the exclusive club of the elite regulated Binary Options service providers. Maximum score for that. Could have more extras.

 

 

TopOption Overall Ratings 86+ Regulation (+3) : 89/100

 Check out our More Recommended Binary Options Brokers

 

 

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20 Responses to “TopOption”

  1. Jason Tran says:

    Topoption is fully EU regulated . I have heard that if you live outside Europe ( US , Australia or Asia ) , it Would not help you . Is that true or not ?

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  2. treidaaja says:

    confiscation of winnings only giving me my deposit back after having won my first trade

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  3. Daniel says:

    Good broker. Period

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  4. Mandy says:

    I have signed up with them over a week ago…
    Support has been ok prior to depositing, but after depositing, try to get a demo account, they throw you around and no one will give you one, everyone that responds to you will tell you that it’s not up to them to give you one and they will look into it for you but it never comes..
    This broker also uses quite large spreads that are inconsistent…I would stay clear of them for this reason alone.

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  5. DJ Pickels says:

    Made a first withdrawal of $500. thanks BOTS. spread is also good, cant’ understand the comment above

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    • kosoik says:

      I cannot understand the comment above either. I am a Topoption trader , a new one, and I can assure you that I was immediately offered a demo account when I asked for it. To be even more specific I currently use the practise account and the team of Topoption is very helpful and not pushy. Very reliable broker period!

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  6. KAISER says:

    I HAVE NOTHING GOOD TO SAY ABOUT THIS BROKER . PRICES ARE ALL RIGGED . THE FIGURES DONT CHANGE, ITS LIKE YOUR COMPUTER IS FROZEN EVEN IF YOU REFRESH THE PAGE .BUT THEN YOU REALIZE ITS JUST THEIR PLATEFORM AND NOT YOUR INTERNET CONNECTION THIS IS DONE ON PURPOSE TO SCAM A LOT OF TRADERS . THEIR CYSEC REGULATION IS JUST A MARKETING TOOL.ON TOP OF THAT IF IF YOU START TO MAKE MONEY THEY BLOCK YOUR ACCOUNT .IF YOU TRY TO BUY ANY POSITIONS
    YOU WILL GET THE SAME ERROR MESSAGE ” MARKET SUSPENDED DUE TO LOW LIQUIDITY ” WHEN YOU GET THIS MESSAGE MORE THAN 2 TIMES IN A RAW , YOU KNOW THEY HAVE BLOCKED YOU . STAY AWAY FROM THIS BROKER . IT LOOKS LIKE A CASINO TO ME .

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    • adejoke says:

      Thank you for verbalizing this. I thought i was the only one experiencing this situations. Top options are very manipulative and they are not that good at it.They tried to be smart at cheating but they are not even that good because they do the changing of price,freezing of platform,never giving exact entry point e.t.c right in your face. The sad thing is that you still see their name listed as one of the Best brokers in almost every website which i personally do not understand how come.Regulated my A**.SHMEW!!!

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  7. DonSmog says:

    Please I need more advice on topoption. any one should please help me on this.

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  8. Piotr says:

    ### Warning – Possible Spam ###
    @ DonSmog please read what Kaiser wrote above.
    I had exactly the same experience: Swaiing the rates, manipulating, freezing the computer,”MARKET SUSPENDED” I to have seen it all.
    They will let you vin a few bucks, and then they rib you of.
    I could not afford to continue with this broker, maybe you can, other wise stay away if you like your money. The review on this website is balony 100%, they don’t know what they are talking about!
    P.

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  9. KAISER says:

    THIS DONSMOG MUST BE A TROLL. MY PIECE OF ADVICE WAS CLEAR :TOPOPTION JUST WANT YOUR MONEY .THEY WILL TAKE YOUR TRADE WHEN THEY THINK THE ODDS ARE VERY LIKELY THAT YOU LOSE AND IF YOUR CHANCES TO WIN ARE HIGH YOU WILL GET THE SAME ERROR MESSAGE:MARKET SUSPENDED DUE TO LOW LIQUIDITY . THANK U PIOTR .HOPE THIS TIME DONSMOG WILL UNDERSTAND

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  10. Cobbs says:

    TopOption’s trading platform is extremely laggy. On EVERY trade it takes AT LEAST 2 seconds for the trade to be placed. The platform just freezes up, causing a good entry to be missed. I’m not sure what the problem is, it doesn’t seem to happen at other broker’s like optionfair. Could be down to lower liquidity, either way, I wouldn’t recommend TopOption at all unless you are after the Option Builder which few other broker’s have.

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  11. zic says:

    I wanted to open account with them but combined ecpitience made me to stay aside.
    how do i mean?
    Any forex trader should check;
    Forexyard review by forexpeace army
    markets.com by thesame forexpeace army
    And even Goforex review by forexpeace army.
    Bexause those brokers are one of them, i can not waste my time with them.
    Without advance research, you never can tell because the name topoption is still new in the ear of financial traders.
    Believe
    me or not i have spoken a kind of live testimony.

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  12. Rudolf1974 says:

    I m not satisfied with topoption.com because lagging gtraphs in him websides,rollower not running and in left side bargraph it is not real as traders choice. I owerinvesting 170 dollars without profit his graphs not corresponding with real graphs.One fundamental thing: not candle graph i dont recommend for young new users.

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  13. Kökény Szilárd says:

    My first broker, support was very good, they have support even in Hungarian, i was suprised. I requisted a demo account and i got one.
    I have made 600$ with them already (at first i only lost, but i know how to trade properly)
    Top notch broker, i personally recomend it.

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  14. kwesi says:

    Oh! now i don’t know, I’m so confused, I’ve opened an account with topoptions which i was about funding today until i read these comments. which brokers are better options? somebody help, i really want to start trading but i don’t want to loose my money. A few list of brokers will be fine

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  15. midhun says:

    Can I use top option in India? Is it a real trading site can anybody help me please

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    • edward says:

      hi midhun..i use top option in Uganda, Africa and i havent got any problem with them, they send my profit within 24 hours…i recommend it to anyone wanting to trade binary options.

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  16. pelumi says:

    huh this commentary box is sometime a confusion box.some people say go for it, some say stay away. am confuse what do i do

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  17. manolis says:

    You guys are crazy! I’ve won many trades with a large difference (more than 30 pips) and theis system says that I LOST!!!!! I have never seen such cheaters.

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