EmpireOption Review

EmpireOption
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Overview

EmpireOption binary option trading platform EmpireOption is founded in 2010 and is based in Uruguay. EmpireOption is the most famous binary option broker running on SpotOption software. The trading platform… more

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Details

Broker EmpireOption
Website URL www.empireoption.com
Founded 2010
Headquarters Uruguay
Support Types phone, fax, email, live chat
Languages English, German, French, Spanish and Portuguese
Trading Platform SpotOption
Minimum 1st Deposit $200
Minimum Account Size $200
Minimum Trade Amount $5
Maximum Trade Amount $5,000
Bonus 100% up to unlimited
Payout 85%
Free Demo Account Open Demo
Regulated Yes
Regulation Regulated and licensed by CySEC
Commissions Yes
Commission Info EmpireOption charges $30 per withdrawal request at lower account types
Account Types Micro, Classic, Empire Plus, Preferential and Empire VIP
Deposit Methods Wire transfer, credit card, Neteller and Skrill/Moneybookers
Withdrawal Methods Wire transfer, credit card, Neteller and Skrill/Moneybookers
Number of Assets 47
Expiry Times 30 seconds, 60 seconds, 120 seconds, 150 seconds, 300 seconds, 15 minutes, 30 minutes, 1 hour, 2 hours, 4 hours, 7 hours, end of trading day, 7 days, end of trading week, 30 days, end of trading month, end of trading year
Types of Assets American stocks, major forex pairs, commodities like gold, silver, oil and coffee and the most often traded indices
Option Types basic or classic binary options, short term options, long term options, One Touch options and Pair options
Account Currency You can fund your account with any currency which will then be converted to the currency set under the 'my account' tab in EmpireOption
US Traders Allowed Yes
Mobile Trading Yes
Tablet Trading Yes
Overall Score 8.5

Full Review

EmpireOption binary option trading platform

EmpireOption is founded in 2010 and is based in Uruguay. EmpireOption is the most famous binary option broker running on SpotOption software. The trading platform is available in 5 languages and is accessible for traders from the United States. With the free to download binary option trading app, traders can trade anywhere, anytime using EmpireOption on their Android or iOS device. The EmpireOption trading platform has different lay-outs and is fully customizable. With ProTrader you can change the user interface to a MetaTrader-a-like trading platform whilst if you use the default settings the platform looks very basic with all information you need to trade binary options at your fingertips. Payout percentages are clearly displayed so that traders know exactly how much return they can expect on their investments.

EmpireOption account types

There are 5 different binary option trading accounts available at EmpireOption being Micro, Classic, Empire Plus, Preferential and Empire VIP. The Micro account requires the lowest minimum deposit of at least $200 or more. Wire transfer, credit card, Neteller and Skrill/Moneybookers are the banking methods traders can use to deposit and withdraw funds from and to their EmpireOption binary option trading account. The minimum withdrawal requirement is $100 and every withdrawal is charged with a $30 administration fee. Higher account types like Preferential and Empire VIP can withdraw without any fees charged from $1.

EmpireOption Micro Account ($200 minimum deposit required)

– Weekly reports and financial analysis
– Access to 1 seminar per month
– Withdrawal requests are processed within 10 days

EmpireOption Classic Account ($500 minimum deposit required)

– Daily reports and financial analysis
– Access to 2 seminars per month
– Access to EmpireTV
– Access to special offers and promotions
– Access to dynamic economic calendar
– Access to UNIT 1 of ‘Investment Strategies’
– Withdrawal requests are processed within 7 days

EmpireOption Empire Plus Account ($1000 minimum deposit required)

– Daily reports and financial analysis
– Access to 3 seminars per month
– Access to EmpireTV
– Access to Market Simulator
– Access to special offers and promotions
– Access to dynamic economic calendar
– Access to UNIT 1 of ‘Investment Strategies’
– Receives daily trading signals
– Withdrawal requests are processed within 5 days

EmpireOption Preferential Account ($5000 minimum deposit required)

– Daily reports and financial analysis
– Access to 4 seminars per month
– Access to EmpireTV
– Access to Market Simulator
– Access to special offers and promotions
– Access to dynamic economic calendar
– Access to UNIT 1,2 and 3 of ‘Investment Strategies’
– Receives daily trading signals
– Receives 1 on 1 trading consultancy
– Withdrawal requests are processed within 3 days

EmpireOption Empire VIP Account ($20,000 minimum deposit required)

– Daily reports and financial analysis
– Access to 5 seminars per month
– Access to EmpireTV
– Access to Market Simulator
– Access to special offers and promotions
– Access to dynamic economic calendar
– Access to UNIT 1,2 and 3 of ‘Investment Strategies’
– Receives daily trading signals
– Receives 1 on 1 trading consultancy
– Withdrawal requests are processed instantly

EmpireOption payout and binary option types

On EmpireOption binary option traders can trade in basic or classic binary options, short term options, long term options, One Touch options and Pair options. Short term options have three different expiry times being 30, 60 and 120 seconds. The minimum investment amount per short term option is $5. Standard binary options and long term options have a minimum required investment of $25 per option and One Touch options require a minimum investment of $50. On all types of binary options the payout is around 85% except One Touch options, these payout between 250% and 680%. Out-of-Money trades are rewarded with a 10% cashback which means if your trade prediction is wrong or unsuccessful you get 10% of your investment amount back in the form of cashback.

EmpireOption assets

There are 47 different financial assets available on EmpireOption. American stocks, major forex pairs, commodities like gold, silver, oil and coffee and the most often traded indices.

EmpireOption customer service

The EmpireOption customer service is available in 5 languages: English, German, French, Spanish and Portuguese. Each language has it own toll-free phone number and traders can also contact EmpireOption by live chat, email or fax.

EmpireOption pros

– Free binary option trading educational seminars
– Free digital binary option trading guides (trade books)
– EmpireTV with interactive educational video’s
– Trade simulator to try binary option trading strategies without investing real money
– 1 on 1 consultancy sessions with a professional trader

EmpireOption cons

– Withdrawal requests on lower account types take long to process
– Website freezes sometimes.

EmpireOption review conclusion

However EmpireOption is a great broker and trading platform to trade binary options with, the Micro account only gives traders acces to a few features of the broker. This makes EmpireOption more suitable for traders with a bigger bankroll. The fact that EmpireOption does accept USA clients is a good thing, though and it might be that EmpireOption focuses mainly on USA and Spanish speaking regions. EmpireOption is the most famous Spanish binary option trading platform. The live data feed from Reuters on EmpireOption is excellent and provides traders with real-time market data. The payouts on both classic binary options and advanced type of binary options like One Touch are quite high (85% on standard binary options and up to a massive 680% on One Touch options). The smartphone and tablet EmpireOption app looks very nice and never freezes, as is sometimes the case with the web trader. The huge amount of trading educational material offered by EmpireOption is unbeaten by any other binary option broker and mainly because of this reason I rate EmpireOption a good 8.5/10. My rating could have been higher if withdrawal requests were processed faster on lower account types.

✓ Free binary options trading educational material provided

✓ Very high welcome bonus of 100% up to unlimited

✓ High payouts on One Touch Options up to 680%

✓ Many types of binary options and features available

✓ Reliable and regulated binary options broker

✓ Available on smartphone and tablet

Visit EmpireOption Website

Pros

  • Free binary option trading educational seminars
  • Free digital binary option trading guides (trade books)
  • EmpireTV with interactive educational video’s
  • Trade simulator to try binary option trading strategies without investing real money
  • 1 on 1 consultancy sessions with a professional trader

Cons

  • Withdrawal requests on lower account types take long to process
  • Website freezes sometimes.

Reviews

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Decleration:
I hereby declare this review to based on my own experience trading with this broker and I did not reseve compensation in any way submitting this review

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