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6.6
  • YesOption

  • Bonus: up to 50%
  • Options Payout: 70-85%
  • Rating: 6.6 / 10
Broker Name: YesOption
Platform: Tech
Founded: 2013
Bonus: up to 50%
Return/Refund: 75-85%/0-15%
YesOption Overview
No. Of Assests: 125
Regulated:   No
Demo Account: No
Minimum Deposit: 250
US Traders:   Not Accepted
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YesOption Review

Editor’s Note – Why Doesn’t YesOption Suck in 50 Words

The platform is powered by Techfinancials which is a solid binary options platform but it takes more than just a platform before you can call a broker a good broker. There isn’t really much that comes screaming that YesOption doesn’t suck.

 

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Why Does YesOption Suck in 50 Words

YesOption is a white label broker and there have been several claims that they are the same people that are behind GOptions which is a not recommended broker by us. YesOption is not regulated either, which just adds to the fact that you should be cautious if you are planning on trading with them.

 

 

YesOption Review – Yes or No?

YesOption was founded in 2013 and is owned by Alpha System Developments LTD. The platform is powered by Techfinancials and as an extra, you can trade Forex as well as Binary Options on the platform. YesOption is currently not regulated but due to their young age there aren’t yet many complaints about them either. Customer service was not available during the weekend so I could never ask any questions which obviously is a huge drawback. What’s the point of having “live chat” when there is no one there to talk to? That’s definitely something to improve on… On the plus side, YesOption offers higher payouts for Gold and Platinum account holders and free withdrawals. This offer and their platform is very similar to 24Option but there is still much left to be desired before we can even consider comparing the two brokers!

 

I can’t exactly say what started the rumors that YesOption, GOptions and Binary360 originate from the same company but I have read several comments that claim it’s true. If it turns out to be true, then it is a big warning sign because those brokers are not trusted. In conclusion; I would advise caution to clients who are interested in trading with YesOption.

 

 

Is YesOption a Scam?

This broker is still too young so there aren’t that many complaints to be found expect a few issues with withdrawals taking a few days longer than it was supposed to which isn’t really that serious or suggest that YesOption is a scam. On the other hand, the claims about YesOption being the same company as Binary360 and GOptions should be considered as a warning. However, I could not connect YesOption’s company name nor address to any of the two mentioned brokers. Of course, they can still be connected even if they name and address isn’t a match!

 

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YesOption Complaints

Most complaints I have found are about platform prices being very different from other sources and some execution delays. There were also a few complaints about withdrawal delays but they were not that serious.

 

YesOption Bonuses

Currently, YesOption offers a matching bonus up to 2500$ but it can strecth all the way up to 50 000$. You need to trade 30x times the bonus volume plus the amount the bonus was received for.

 

YesOption Withdrawals

Before making your first withdrawal, your account has to be verified. Required documents are; utility bill, picture of ID and C.C. Platinum and Gold account holders can withdraw free of charge.

 

YesOption Extras

With YesOption, you can trade Forex and Binary options.

 

 

YesOption Ratings

User Friendliness 12/20

You can get some help in the academy and on the main page but there are no guides directly in the trading area.

 

No. of Assets and Expiry time 14/20

There are a total of 125 assets. 34 currency pairs, 25 indices, 56 Stocks and 10 Commodities which is a fair amount of assets. Expiry times are just like other Techfinancials platforms. There is short term, 60 second, 90 second and 5 minutes. For higher timeframes you can choose anywhere from 5 minutes and add an additional 5 minutes for a longer expiry.

 

Commissions, Support and Effective Return 14/20

The live chat support was not available during the holidays. Returns can be as high as 89% for VIP members which is relatively high.

 

Deposit, Payment and Bonus 15/20

There are quite many ways you can transfer funds; MoneyGram, MasterCard, Visa, Neteller, Ukash, t thawte, Western Union, WebMoney, QQiwi, Cash U and wire transfer.

 

Website Extra’s 14/20

You can trade Forex on the same platform except binary options.

 

YesOption Overall Ratings = 69/100

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