Option888 Review

Details

Broker	Option888
Website URL	www.option888.com
Founded	2014
Headquarters	Cyprus
Support Number	UK +441491352070 GE +496964350936 AT +35725030084 SE +41315280631 Swiss +43720116530
Support Types	phone, fax, live chat, web form, email: [email protected]
Languages	English, Dutch, Swedish, Finish, Norwegian, French and German
Trading Platform	Tradologic
Minimum 1st Deposit	$250
Minimum Account Size	$250
Minimum Trade Amount	$5
Maximum Trade Amount	$1500
Bonus	100% up to $888 on first deposit
Payout	89%
Free Demo Account	Open Demo
Commissions
Commission Info	No hidden fees or commissions
Account Types	demo account, standard account
Deposit Methods	credit cards like Visa, MasterCard and American Express, Skrill/Moneybookers, SOFORT, paysafecard, iDEAL and wire transfer
Withdrawal Methods	credit cards like Visa, MasterCard and American Express, Skrill/Moneybookers, SOFORT, paysafecard, iDEAL and wire transfer
Trading Methods	‘Early Close’ and ‘Extend’
Number of Assets	200+
Expiry Times	from 30 seconds to 1 month
Types of Assets	There are more than 200 assets available at Option888 including 167 different stocks, 27 indices, 20 commodities and 30 forex pairs.
Option Types	classic or digital options, One Touch options, Range options, Boundary options and Turbo options
Trading Currency	you can trade binary options on 30 different forex pairs on Option888
Account Currency	EUR, USD, GBP, SEK, DKK or NOK
US Traders Allowed
Mobile Trading
Tablet Trading
Overall Score	1

Full Review

It is no longer possible to open an account at Option888 as they are out of business. They used scrupulous sales tactics and sales funnels. From now on it’s on the blacklisted brokers or scam brokers list on Choosebroker.com. Take a look at our top rated binary option broker IQ Option instead.

If you got scammed by them, please follow the process and file a complaint here.

2018-06-13:  BaFin of Germany issued an unauthorized financial commission business warning against Celestial Trading Ltd, aso known as Option888 and Capital Force Ltd.  CLICK HERE to verify.

Option888 company information

Option888 is owned by Altair Entertainment N.V and is based in Curacao. The founders from Option888 are all experienced traders from Germany and Sweden. On Option888 traders can trade binary options on forex, commodities, stocks and indices.

Option888 binary trading platform

The Option888 binary option trading platform runs on Tradologic software. This software is being used by several other binary option brokers. All asset prices are delivered by a live Reuters feed and orders are executed within split seconds. On Option888 traders can trade in several types of binary options including classic or digital options, One Touch options, Range options, Boundary options and Turbo options. Trading features like ‘Early Close’ and ‘Extend’ give binary option traders full risk-management control on Option888. Range options are quite rare and not offered by many binary option brokers. Option888 tries to reintroduce this type of binary option again. Traders are more likely to complete a winning trade on Range options rather than One Touch options as the strike price can be anywhere near predicted and doesn’t have to be a specific value.

Option888 account types

There are only two types of binary option trading accounts available at Option888. At first there’s the demo account which people new to binary option trading can use to get familiar with it and with the trading platform. The demo account can also be used by binary option traders who are considering a broker move over to Option888. The other binary option trading account available at Option888 is the real money or standard account. A minimum initial deposit of at least $250 is required to open a real money account at Option888. On your initial deposit you will receive a 100% welcome bonus up to 888 EUR, USD, GBP, SEK, DKK or NOK, depending on the currency you will be depositing. You can deposit and withdraw funds to and from your Option888 binary trading account using credit cards like Visa, MasterCard and American Express, Skrill/Moneybookers, SOFORT, paysafecard, iDEAL and wire transfer. Withdrawals made before 18:00 CET are processed the same day which makes Option888 one of the quickest paying binary option brokers.

Option888 payout percentages

Option888 has quite high maximum payouts on standard binary options up to 89%. The average payout on classic or standard binary options on Option888 is around 80%.

Option888 assets

There are more than 200 assets available at Option888 including 167 different stocks, 27 indices, 20 commodities and 30 forex pairs.

Option888 customer support

Option888 customer support is 24/7 available by email, web contact form, phone and live chat in English, Dutch, Swedish, Finish, Norwegian, French and German. The average response time on emails is within 2 hours which is quite fast.

Option888 review conclusion

Option888 is very popular in northern European countries like Denmark, Sweden, Finland and Germany. This is because Option888 has excellent customer support in these languages and is a well known binary brand having tv commercials and newspaper advertisements. With payouts up to 89% on standard options, over 200 assets, the availability of One Touch and Range options and trading features like ‘early sell’ and ‘extend’ Option888 is not just a simple binary option broker but gives traders lots of trading features against good payouts. Funds can be withdrawn within the same day which is also quite unique compared to other binary option brokers. However, no American traders are allowed and no social trading features like binary replicator are available which is the reason I rate Option888 a 8/10 for global binary option traders and a 9/10 for European binary option traders.

Pros

• 89% average payout on standard binary options
• One Touch options, Range Options and Turbo Options available
• Withdrawal requests processed same day
• Binary option trading features like Early Close and Extend available
• 200+ different assets available including stocks, forex pairs, commodities and indices

Reviews

There is no review.