OptionFM Review

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

VERUM OPTION a review of binary options broker that moved to forex&CFD

вњ… This Trading Platform is available in Singapore

UPDATE:В On January 18, 2020, Verum Option suspends trading in binary options and moves to a CFD trading instrument

Verum Option is a brokerage company that offers binary options trading since its foundation in 2020. It always provides only the best conditions. Broker is focused on every market participant, whether trader-novice or serious player of the binary options market. This broker keeps up with the time and quickly gains its popularity both in the postsoviet countries and the whole world. After all, keeping as the basis of western technologies of the brokers, which have been already proven, Verum Option has simply added its own developments.

Verum Option is licensed and regulated by FMRRC, that serves as a guarantee of security of the broker. The trading platform Verum Option mainly stands out for its performance. In other words, the trader can rely on high speed execution of transactions. In addition, it offers a large amount of trading assets 200+, 7 types of options with a different expiration dates and high percentage yield. It also provides the opportunity to double down on the time of open position and extend the option exercise period. The broker encourages with its rapid funds withdrawal without “unnecessary questions”. Customers of this broker can be traded using a mobile app for iOS and Android.

Regulated — ЦРОФР

Trading platform — Verum Option

Minimum deposit — $5

Minimum investment — $1

Maximum investment — $1000

Profitability — 83%

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

Return — up to 20% – if trader loses initial deposit

Demo account — YES

Assets — 200+ (currency, commodities, indices, shares)

Instruments — BINARY, PAIRS, LONG TERM, 60 SEC, ONE TOUCH, LADDER, J LADDER and CFDs (contracts for difference)

Types of funding — VISA/MasterCard, Robokassa, Qiwi wallet, Yandex.Money, WebMoney, RBK Money, Bank transfer and also via mobile phone

Application — mobile

(!) Broker Verum Option does not provide services for binary options trading for the following countries:

Iran, Syria, Japan, North Korea, United Kingdom, United States and the Canadian provinces of British Columbia, Quebec and Saskatchewan.

REGISTRATION AND TRADING ACCOUNT FROMВ VERUM OPTION

To register and open a trading account you have simply to go on the web site verumoption.com click on the button “Register”, then fill in the required fields of the registration form. After screen will display a window with a password, which is also repeated in the letter sent to the previously specified user email address. Then you will be redirected to your account using which you will be able to trade binary options, withdraw funds and to look through the history of you previous deals.

Everyone are offered to open Demo account at Verum Option. This is possible by contacting the customer support of the broker. This “study account” supports exactly the same trading conditions as real. Although, given the small amount of starting deposit equal to $5 and the minimum investment – $1, you can safely test the platform and practice with real money.

In addition to Demo and usuall accounts Verum Option developed the VIP Group. The trader will get 2% more profit with options to all the underlying assets, becoming a member of this group. The broker also provides a personal account manager. The manager helps and consults a trader at any time of the day. Members of this group can rely on maximum investment from classic options in the amount of $3000 when the usual – $1500.

As a bonus Verum Option will provide every trader with a gift in honor of his birth day, without the risk of the transaction in the amount of $10. But please note that in order to apply and become a member of VIP Group, trading account must contain the sum of at least $1000.

BASIC ASSETS

Verum Option offers a large selection of assets to trade on binary options, which are divided into 4 main categories: currency pairs, securities, stock indices and commodities.

Currency pairs: 30 pairs (USD/JPY, AUD/USD, USD/TRY, USD/CAD, EUR/JPY, AUD/USD, BitCoin/USD, BitCoin/SPA, etc.); Cryptocurrencies: Bitcoin, Etherium, Litecoin, Dash.

Securities:В shares of 114 companies (NINTENDO, GAZPROM, APPLE, GOOGLE, COCA COLA, etc.); the Futures of 17 pieces (the NASDAQ FUTURE, BOVESPA-F, DOLLAR INDEX F., BITCOIN FUTURE, etc.); Government securities (U.S 10 YEAR NOTE, U.S 30 YEAR NOTE, GERMANY 10YR BOND, GERMANY 10YR BOND).

Stock indices: 41 (TADAWUL, DUBAI, NASDAQ, DOW, DAX, DOLLAR INDEX-DEC16, etc.).

Raw market materials: 14 commodities (GOLD, SILVER, PLATINUM, SUGAR (11), WHEAT, OIL, CORN, PALLADIUM, etc.).

TRADING CONDITIONS

It is worth noting that Verum Option offers traders a really good trading conditions. For example, the minimum deposit is just $5 with its minimum further replenishment equal to $5 dollars. At a time when the minimum investment in trading instruments is $1. This “threshold” we find a really low and affordable for beginners. At the same time, it allows experienced traders to use trading strategies that have a high level of risk. Also, for all those whose trading tactic is based on fundamental analysis, broker has developed section with an informative economic calendar.

Verum Option also offers a “win back bonus” for each replenishment of the trading account. And in order to use this bonus, the trader need to use the promo code which he can obtain by contacting customer support. After receiving this code, it must be entered during replenishment on the broker web site of in a specific field.

INPUT AND WITHDRAW OF FUNDS

For replenishing a trading account you can use such payment methods as: VISA, MasterCard, WebMoney, Robokassa, Yandex money, Qiwi wallet, RBK Money, Bank transfer, in addition, it is possible to recharge account via mobile phone.

The minimum deposit is equal to $5. But it should be remembered that the funds are credited to trading account with a fees in the amount of 3.5-5%, according to the chosen method of replenishment. In addition, the funding is available only in USD.

Regarding to withdrawal, the procedure will certainly be accompanied by the clarification of the desire of conducting this operation and the amount of withdrawal, by the managers from customer support. Cash replenishment requires commission payment, but less than during withdrawal. It to lasts from 1 to 5 working days, and the processing time is from 1 to 3 days. But in reality the withdraw of funds is much faster than the specified time.

It is also worth to consider the following points:

— If the minimum investment amount is 10$, then you won’t can trade as the experiment with fail, without lossing initial deposit – $5.

— The withdrawal amount will be debited in USD, when you use any available withdrawal method, except the Bank card. At a time, when replenishment occurs in RUB.

TRADING PLATFORM VERUM OPTION

To familiarize with the Verum Option trading platform. You simply need to choose the tab “Trading platform”, which is placed in user’s personal account. This platform interface is intuitive and easy in use, which optimally suits for beginners. The platform offers 7 types of option contracts, that offers trader to enter into deals with a duration from 30 seconds and up to 1 year. In other words, the trader chooses from popular trading instruments — Binary / Long / Term / 60 Seconds, and to rather rare — Pairs / One Touch / Ladder / J Ladder. Also the platform has the additional option – CFDs. The last one are characterized by non-fixed profit, with proper use of leverage. It gives the opportunity to earn good money on high price fluctuations of the basic asset.

BINARY is a basic contract that is profitable with the right traders forecasts about the quotations movement of the basic asset over a certain period of time.

PAIRS is a type of binary options, which includes an asset consisting of two instruments.

ONE TOUCH – option which is characterized by a yield above 400%. For profit, it must pappen the touch of asset price and the specified strike level.

LADDER – implies that the trader sets a five strike levels to which the price of basic asset may relate during the period of the transaction.

J LADDER – trader sets the profit percentage, as a result, indicates the distance between the start level of the transaction and the strike price.

CFDs are contracts for difference, where the expected income depends on fluctuations value of the asset at the market.

A special feature of this platform are also tools for easy and profitable trade. For example, using Limits, the trader can open pending orders at a predetermined price level. In turn, the Strategy Advisor will help to predict the price trend using three technical indicators without the need of working with indicators the trader’s hand.

Verum Option trading platform also contains “Profit Follow copying service”. So, everyone can use the knowledge and experience of best traders for personal gains. It is possible by copying their actions and get a profit. The trader opens rating of a top traders depending on the asset, and chooses whose signals he wants to copy. After he sets settings for copying, such as: 1) the copying period of the selected top trader; 2) the amount of the investment on each individual deal; 3) the investment limit — the maximum amount of investment in each transaction are copied from the selected top trader.

TRAINING

Verum Option web site contains all the necessary information of the trading binary options principles, basic trading strategies, the characteristics of option contracts types and step by step instructions for completing transactions. We have also devoted a compilation of training videos about binary options trading tactics, the nuances of analyses of macro-economic news, as well as the patterns of quotations movement of the basic assets. Additionally, trader can find interview with top traders there. Also, he can contact with the cusstomr service online or by ordering a free call and get qualificated advice.

CUSTOMER SUPPORT VERUM OPTION

Operational customer support of Verum Option provides each customer with a personal manager. The manager provides comprehensive support and consultation. Also everyone can use online support directly by entering your contact information in the pop-up box operator on the web site. In addition, it is possible to contact via phone and/or send the message by filling the feedback form.

IQ Option Review

Review

IQ Option, founded in 2020, operates in Europe under the holding company Investlab Trading Limited and despite being relatively new on the binary option scene, it has already made its mark in the industry. Headquartered in London, UK, IQ Option has headquarters in Cyprus and Russia but has several international phone numbers so that traders can call locally to contact the company if desired. IQ Option offers traders low minimum deposits and high payouts as well as opportunities to win attractive prizes ranging from $250 to $500 in trading competitions organized by IQ Option.

The IQ Option website is straightforward and easy to navigate. It is available in English, Spanish, Indonesian, Italian, Portuguese, Turkish and Russian and goes out of its way to meet the needs of traders in the global community who are able to trade in their own language.

Accounts

There are 2 main accounts plus a demo account at IQ Option. The Real account starts with a minimum deposit of only $10 and $1 is sufficient to cover a trade. IQ Option guarantees up to 45% return for incorrect predictions and offers a bonus of up to 80% on the each deposit. The VIP account has a minimum deposit of $1000 and returns up to 60% if a trade goes in the wrong direction. All deposits receive a bonus of up 100%. Holders of the VIP account also receive a personal financial manager and a monthly analysis of their trading with the broker’s analysts. When doing this IQ Option review, a bonus of up to $1000 was being offered.

IQ Option offers a large choice of assets including Forex, equities, gold, and indices. The withdrawal process is guaranteed to be completed within 1-3 days.

Unlike many other binary options brokers, IQ Option offers novice traders the opportunity to open a demo account from which they can practice their trades without using real money and avoid the risks involved in real trading. There are over 30 assets to choose from in the demo account and anyone opening a demo receives a free introductory webinar with important trading information and tips on how to trade profitably.

The payouts offered by IQ Option are one of the highest in the binary trading industry and traders can earn as much as 92% on their investments given the right conditions. There are no spreads or commissions which is unique in the industry.

Features

The deposit and withdrawal procedures are relatively straightforward, easy and fast and can be made through various methods including bank wires, credit cards, Skrill, WebMoney, Polipayments and other online payment plans.

When it comes to education, IQ Option offers a series of very interesting opportunities where registered account holders can participate in courses which include different trading strategies such as Japanese Candlesticks, Bollinger Bands, Trend Lines, Support and Resistance, Moving Averages and more. I was introduced to a very interesting new strategy—the Alligator—which gives market direction and periods of no trend and whose main goal is to determine the trend direction and its strength.

There are tournaments for traders to choose from to make extra money. When I did this IQ Option review, all the listed tournaments had expired but $40,000 in cash was offered for random deposit amounts. For example, a deposit of $2000 and over was eligible for a cash prize of $10,000.

IQ Option is the recipient of several awards including Most Reliable Binary Option Broker 2020 by MasterForex-V and the Most Innovative Binary Option Broker 2020 by Show FX World.

Reliability

IQ Option is under CySEC regulation and is currently one of very few binary options brokers to hold such a license. This license should make traders feel more secure when depositing with IQ Option as the company adheres to strict standards of honesty and reliability.

U.S. and Japanese clients cannot open accounts with IQOption.com.

Customer Support

Customers can find answers to most of their questions in the detailed FAQs section of the website and if they don’t find their answers, they can contact the broker’s customer service department directly either via live chat from the website, by sending an email on their website form or by phone with local numbers available for customers in London, Canberra and Singapore.

Conclusion

IQ Option offers everything a trader needs for profitable binary options trading. The low minimum deposit is a great advantage as is the availability of a demo account which is both extremely rare and extremely welcome. The IQ Option website is clear and user-friendly. The deposit bonuses are some of the highest among binary option brokers, and the trading platform has reliable pricing and solid execution.

Features

There are many interesting features at IQ Option including a wide variety of different assets for traders to choose from. The feature that IQ Option seems to be the most proud of is its a free demo account which appears prominently on the front page of the website. The demo is especially important for first-time, inexperienced traders who would like to try out binary option trading before committing any real funds.

Platforms

IQ Option offers a trading platform which hosts quotes by Thomson Reuters for precise quoting and the utmost reliability. The platform appears to be proprietary, which is a refreshing change in an industry where most platforms are extremely similar, if not the same.

Somewhat unusually for a binary options platform, close to 100 assets are available to trade. This is a very wide selection. At the top right of the screen there is a plainly visible tab that tells you exactly how many instruments have their markets open and are available to trade at the present moment, which comes in very useful. Clicking on the tab gives you a useful drop-down menu showing the details of all the currently available assets, the current profit payouts, and how much longer there is until the relevant market closes.

The platform is split into two modes: “Turbo” and “Binary Option”. In Turbo mode, you may trade options which expire 1, 2, or 3 minutes in advance. In Binary Option mode, you may trade options which expire up to 1 hour in advance. It is very suitable for people who like fast trading on short timeframes.

The trading mechanisms are simple, easy to use, and fairly intuitive: you select the size of the option you want trade, the time of expiry, and then there is a sliding scale where you allocate exactly how much you want to risk. The higher your risk, the higher your reward will be if the trade is a winner. When you hover your mouse over “Call” or “Put” an arrow appears on the chart to show the direction you are trading in, which is helpful. There are some other nice chart features that make it easy to understand exactly what is going on: a dotted vertical line is shown at the times that last possible trade and expiry will take place, as well as a timer countdown. Additionally, there are sounds made when you make a trade, and then different sounds are triggered when the option trade moves “in” or “out” of the money, so you can easily see whether the trade is going to be a winner or a loser at the current market price. Taken together, these features provide good safeguards against costly trading errors.

Shapes, lines, and indicators may be placed on the chart, and the price may be shown as bars, candlesticks or a moving line. It is safe to say that however you prefer your chart, and whatever kind of technical analysis you want to do, the platform can accommodate it easily.

The platforms also shows a history of trades made with results, as well as any current open trades and their money status as winners or losers according to the price.

IQ Option Review – is iqoption.com scam or good binary options broker?

Basic Information

Minimum deposit Min./ Max. bet size Payout % Platform Regulation
$10 $1 / $5,000 Up to 900% (usually 87%) Proprietary CySEC

IQ Option is a binary options provider, which offers multiple trading instruments and a unique trading platform. The company offers free demo accounts, which most binary brokers don’t.

Trading Accounts

While IQ option doesn’t offer multiple account types, like many other brokerages, they do have a VIP account available to those who deposit more than $3,000. It is worth pointing out, the sum shouldn’t be deposited in a single, initial transaction (as is most often the case), but all of your deposits must amout to $3000. The VIP account grants you slightly better payout percentages.

The Company. Security of Funds

Company Country Regulation
IQOPTION EUROPE LTD Cyprus CySEC

IQ Option is regulated by the Cyprus Securities and Exchange Commission (CySEC), one of the few reputable agencies which oversees binary options. This raises their credibility a lot, especially when compared to the majority unregulated binary options broker.

In case you didn’t know financial regulation is a key factor of a broker’s reputation. When dealing with an unregulated company, you are basically taking their word as the only guarantee you will ever get your money back. CySEC, on the other hand, enforces a lot of rules on the firms it oversees. In terms of the security of client funds, two stand-out as the most significant: client funds must be kept in segregated accounts and brokers must participate in the local compensation scheme.

Segregated accounts are a special type of bank account, which the broker can not access freely. This implies, they can’t “borrow” the money you are not using for trading and spend it on company expenses. Additionally the compensation scheme is a collective pool to which all brokers contribute a portion of their profits. The fund then serves the purpose of a guarantee, in case one of the brokerages happens to become insolvent. If you are trading with a binary options or forex broker, regulated by CySEC, your money is safe (against their bankruptcy) to a limit of €20,000.

One of the several unique aspects of IQ Option is the addition of Tournaments. These are events in which participants each put-up an equal predetermined amount up-front and then compete against each other. Tournaments have a fixed start and end time. A new tournament account, with a virtual $100 is created for each participant. Each contender trades, based on his own strategy and at the end of the tournament the top-ranking gainers are awarded. Tournament entry fees currently vary from $1 to $20, which means basically anybody can try them out. Do keep in mind, trading in these events is very aggressive and we would not recommend doing the same with regular options.

On the downside, there are multiple negative reviews of this company in various online forums. While we can’t confirm nor deny their credibility, the fact they exist is troubling. The complaints vary from poor execution to slow (or even non-existent) withdrawals, which are serious issues.

Trading Conditions

Trading Options: Binary (Call/Put), Digital Options, Forex and CFD*

Assets: Currencies, Stocks, Indices, Cryptocurrencies

*the Forex and CFD trading modes are a mix between binary options and spot trading. They may seem hard to figure out, at at first, but provide an interesting alternative. Luckily IQ Option provides a video tutorial.

Minimum Initial Deposit

The minimum deposit at IQ Option is only $10. This is very low, even when compared with the lowest levels demanded by forex brokers. That being said some of them like the FCA-regulated industry pioneers at IG do not require a minimum deposit at all.

The minimum bet size at IQ Option is $1. This is basically as low as anyone goes in the binary options industry. This is a good policy in terms of risk management, which is also offered by Grand Capital.

The payout level at IQ Option is 87% for the most basic binary options. This is slightly higher than what other brokers offer. As a comparison, Grand Capital usually offers 86%. With digital options, depending on the price level one chooses to trade based upon, the payout can reach up to 900%. However, in order for that to happen, the prediction will have to be a fairly unlikely one.

Trading Platform

IQ Option has its own proprietary trading platform, which is rather nice. They do have mobile app versions, as well as a stand-alone desktop application, which most binary brokers do not provide (unlike most forex brokers, who rely on MetaTrader4). Having the ability to open the platform separately from your browser can prove to be invaluable, if you are not running with great hardware or like to open multiple tabs. That being said, the platform feels very smooth, especially when zooming in and out of the charts (with the mouse wheel). Here is a preview:

The design is rather minimalistic, with all the options being available through additional menus. Some technical indicators are also available, although the list is not as extensive as those offered by most forex brokers. Candlestick charts are available, which can’t be said for all binary option providers.

Methods of Payment

The payment methods at IQ Option include Credit/Debit Cards, Skrill, Neteller, Giropay, Sofort and “many more”. We are not sure about the full lost of e-wallets but those seem to cover the most popular ones.

Conclusion

IQ Option is a CySEC regulated binary options provider. The company offers its services via a proprietary platform, which seems better than a lot of the ones offered by competitors. Interesting option types, like the digital ones are available. Tournaments are also a nice addition, which some clients may enjoy. Unlimited, free demo accounts are available, which is a rarity in the binary options world. Here are IQ options, pros and cons:

Pros Cons
CySEC regulation Negative user reviews
Relatively nice proprietary platform
High average payout
Tournaments available
Demo accounts available
Broker Advantages

FXTM a regulated forex broker (regulated by CySEC, FCA and FSC), offering ECN trading on MT4 an MT5 platforms. Traders can start trading with as little as $10 and take advantage of tight fixed and variable spreads, flexible leverage and swap-free accounts.

XM is broker with great bonuses and promotions. Currently we are loving its $30 no deposit bonus and deposit bonus up to $5000. Add to this the fact that it’s EU-regulated and there’s nothing more you can ask for.

FXCM is one of the biggest forex brokers in the world, licensed and regulated on four continents. FXCM wins our admirations with its over 200,000 active live accounts and daily trading volumes of over $10 billion.

FxPro is a broker we are particularly keen on: it’s regulated in the UK, offers Metatrader 4 (MT4) and cTrader – where the spreads start at 0 pips, Level II Pricing and Full Market Depth. And the best part? With FxPro you get negative balance protection.

FBS is a broker with cool marketing and promotions. It runs an loyalty program, offers a $100 no-deposit bonus for all new clients outside EU willing to try out its services, and an FBS MasterCard is also available for faster deposits and withdrawals.

FxChoice is a IFSC regulated forex broker, serving clients from all over the world. It offers premium trading conditions, including high leverage, low spreads and no hedging, scalping and FIFO restrictions.

HotForex is a EU Regulated broker, offering wide variety of trading accounts, including Auto, Social and Zero spread accounts. The minimum intial deposit for a Micro account is only $50 and is combined with 1000:1 leverage – one of the highest in the industry.

Best Binary Options Brokers 2020:
  • BINARIUM
    BINARIUM

    Top Broker!
    Best Choice For Beginners!
    Free Trading Education!
    Free Demo Account!
    Big Sign-up Bonus!

  • BINOMO
    BINOMO

    Perfect For Experienced Traders!

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