Broker Info
- Name
- Magnum Options
- Web site
- magnumoptions.com
- Online since
- 2013
- Country
- Gibraltar, EU
- Platform
- SpotOption
Broker Rating
- Features:
- Banking:
- Promotions:
- Support:
Pros
Cons
Since its foundation in 2013, Magnum Options has amassed a dedicated global client base. Its impressive return rates of up to 81%, generous sign up bonuses and varied trading options have made this platform an attractive choice for both beginners and veteran traders alike. Their educational academy is geared towards a variety of knowledge levels, offering traders both basic and in-depth courses. This truly is a platform which is wholly dedicated to meeting the needs of its clients and rewarding client loyalty with host of appealing perks.
Assets and Trading Software
Magnum Options is the ideal platform for top notch trading technology and has a highly diverse selection of trading tools and features. The technology used by the platform is highly straightforward, making trading accessible for traders of all experience levels. Traditional binary options trading models such as Call/Put and One Touch are offered, in addition to more exotic alternatives such as Ladder Options and 60 Second Trading.
With upwards of 150 tradable assets on offer, investors can choose from a vast selection of currencies, commodities, stocks and indices when trading. All preferences are catered for, with the additional option of trading pairs in order to wager on the performance of two competing assets.
Packages
With five trading packages to choose from, clients are spoilt for choice when deciding which account best suits their needs. New to binary options and wish to test drive the platform before investing further funds? Then Magnum Options’ Mini account is ideal for you. For a minimal investment of 200 USD traders can access an array of learning resources and take advantage of the site’s numerous trading features. The Standard account offers additional attractive bonuses, including a platform walkthrough, free trading strategy and the benefit of an expert account manager to guide them in their trading decisions.
For a deposit of 2,500 USD the Executive account provides traders with an array of advanced learning resources and specialized trading tutorials. For greater access to additional perks and benefits, elite customers can enjoy the Gold account. Traders are appointed a Senior Account Manager to help develop a successful trading strategy. Magnum Options’ exclusive Platinum package provides comprehensive access to top class services and sophisticated features. Perks include a 100% bonus, advanced lessons in data reading and unlimited trading strategies.
Educational Academy
Magnum Options provides new traders with a wide selection of academy courses which have been specifically tailored with beginners in mind. These include such topics as Distributing Risks and Binary Options Advantages. Once traders have mastered the basics, they can progress to the more advanced courses on offer, which coach clients in winning trading strategies, advanced technical analysis and market pattern identification. Upon signing up, all Magnum Options customers are provided with an exclusive eBook which is an essential handbook for any binary options trader. Trading jargon is explained in an accessible and easily readable manner, covering such topics as trader’s psychology, key terms and concepts, tips and trading techniques as well as how and when to trade. This guide is complimented by the regular streaming of live webinars which explain various trading options and analysis methods.
Customer Support
Another major advantage of Magnum Options’ trading platform is its 24/7 customer support. Traders can always rest assured that should they need assistance, a representative is contactable and can rapidly deliver a response.
For the convenience of its international client base, traders can communicate with a member of the customer care team via email or live chat. Clients can also ring one of their numerous toll free numbers which are provided for several countries including Canada, the United Kingdom and the United States.
Bonuses and Promotions
As has been noted, Magnum Options awards customers bonuses upon signing up for an account, which range from 10-100% depending on the amount invested. The platform also offers the extraordinary opportunity to receive a return of 10% when an option expires out-of-the-money. This ensures that traders will never be left out of pocket, no matter what the outcome of their trade may be.
Conclusion
For any trader considering entering the world of binary options, Magnum Options is the ideal broker to choose. Its streamlined platform is easily navigable and traders can address their queries to a skilled customer service representative around the clock. Offering traders perks not available on any other trading platform, Magnum Options provides customers with the best value on their investments. For a broker who puts traders’ interests as its number one priority, look no further than Magnum Options.
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