Magnum Options | Binary Options Brokers

Magnum Options Review

Magnum Options
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Overview

Magnum Options has been in the binary options trading game for a long time and was remade in 2013. After the remake, our review on Magnum Options is going to…

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Details

Broker Magnum Options
Website URL http://www.magnumoptions.eu
Founded 2013
Headquarters 1A, Arcade House Temple Fortune, NW11 7TL London, United Kingdom
Support Number 0 800 680 0683
Support Types Contact Form , Phone , Toll-Free Phone , e-Mail , Postal Mail
Languages English
Trading Platform SpotOption
Minimum 1st Deposit $200
Minimum Trade Amount $5
Maximum Trade Amount $1,000
Bonus 100% Welcome Bonus
Payout 81%
Free Demo Account No
Account Types Mini , Starter , Silver , Gold , Platinum
Deposit Methods VISA , MasterCard , VISA Electron , NETELLER , Bank Wire
Withdrawal Methods VISA , MasterCard , VISA Electron , NETELLER , Bank Wire
Trading Methods Browser , Mobile
Number of Assets 189
Expiry Times 15 Sec , 30 Sec , 60 Sec , 2 Min , 5 Min , 15 Min , 1 Hr , 24 Hr
Types of Assets Currencies , Commodities , Indices , Stocks
Option Types Binary , Pairs , Long Term , 60 Sec , One Touch , Ladder , FX/CFD , Spot Follow
Trading Currency EUR , USD , GBP , AUD , CAD
Account Currency EUR , USD , GBP , AUD , CAD
US Traders Allowed No
Mobile Trading Yes
Tablet Trading Yes
Overall Score 9.7

Screenshots

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Pros

  • SpotOption Powered Trading Platform
  • Rich # of Assets
  • Part of a Reputed Group
  • Comprehensive Trading Academy Service
  • Simple & User-Friendly Site

Cons

  • Not Registered
  • No Demo Account
  • Limited # of Language Alternatives

Full Review

Magnum Options has been in the binary options trading game for a long time and was remade in 2013. After the remake, our review on Magnum Options is going to show how they now offer a more enhanced customer service whilst trading binary options. We have carefully analyzed a number of features to come up with this review. Please kindly note that Magnum Options does not accept US traders.

Magnum Options Special Features

Customers are sure to get a number of amazing features with Magnum Options. We, in this Magnum Options review, are going to list only those features which are unique and make this binary options broker deserve the top spot in Fair Binary Options traders. Binary options traders living in the US are going to love the fact that all these features are also available in their country. 

Including the US customers, Magnum Options has its services available for traders from all around the world. In a world as globalised as today, global outreach is essential. Due to such globalisation, the opportunities for all traders increases as the average wealth generated every day is a bet on the world’s future. This is what we try to express in every review we create, and in our Magnum Options review, we did it directly.

Magnum Options offers each trader a dedicated account manager. This is one service that is really significant for the binary options enthusiasts due to the fact that the manager acts as a direct link with the broker. Whenever problems arise, a manager is the one who helps you out. This is what we noticed in our Magnum Options review.

Besides, this broker offers a small insurance premium. In case a binary option runs out of money, like our case during the Magnum Options review, the customer’s trading account automatically receives a 0 – 10% reimbursement of the original investment amount.

Apart from these features, a number of bonuses for new and old users are also available. Traders who keep in touch with their account managers are sure to be benefitted from this. Not everyone is aware of these bonuses, because the information is not clearly mentioned on the website.

Magnum Options YouTube Video Review

Magnum Options Trading Software and Assets

The binary options online trading market has entered a whole new phase with the arrival of execution modules and data stream by Magnum Options. This broker uses all the latest and advanced technologies such as the latest generation trading engine for fast data processing and unbelievable reliability with placing trades, to ensure your contentment, convenience and security. 

The Magnum Options trading interface lets the traders choose from a number of binary options. This Magnum Options review enabled us to trade long term options (which are basically traditional options with a longer expiry date), binary options and the turbo options, also known as the 60 seconds option. Therefore, superfast trading on small amounts can be efficiently done.

Yet another binary option type would be the high yield system which allows traders to make the best out of their trading experience when it comes to returns and complexity. With our Magnum Options review, we enjoyed trading Pairs, according to which traders can trade on a relative performance of two assets. The OneTouch and the Ladder trading system were two more binary options types that we got to test in the Magnum Options review. With the help of this, you can even get returns up to 500%!

More than 150 tradable assets are offered by Magnum Options. Moreover, Magnum Options also offers choices such as stocks (such as IBM), indices (such as NASDAQ), currency pairs (such as EUR/USD) or commodities (such as Oil).

We saw in our Magnum Options review that this broker allows customers to trade with 19 indices, 19 stocks and 12 currency pairs, which is in accordance with the rest of the industry. We did expect a bit more here.

Magnum Options Support and Services

Ever after its launch, Magnum Options has released a 24/7 customer support and a number of educational resources, and this has undoubtedly made them one of the greatest binary options platform in the industry as all their customers are  totally content with the support and the overall platform.

Moreover, traders can feel free to contact Magnum Options by email at support@magnumoptions.com, by giving a call to their international satellite office, or through live chat. However, not many will require these support features as every trader already gets an account manager of their own. On our case, we mostly spoke to her whenever we had issues. For customers in the UK, US and Canada, the phone lines are toll-free.

Magnum Options Banking and Company

One can expect simple and straightforward banking with Magnum Options. We loved it how users could click on either the withdrawal or the deposit button, and the form itself is really easy to comprehend. We, in our Magnum Options review, had nothing but praises for them for all the excellent features they provided us with in the banking part. One more thing we really liked was that the broker’s page offered a detailed piece of information regarding any payment method. In our Magnum Options review, we will be presenting all the supported payment services, but the Magnum Options website has richer information. Once the registration process is complete, readers can also speak to the manager to gain all the information they seek.

Traders who generally go for the credit card option are going to love the fact that Magnum Options supports a number of a branch. These include Delta, Solo, MasterCard, Visa, Maestro, Switch, Amex, and Diners Club. And of course, the wire transfer feature. However, net wallets are not supported for payment by Magnum Options yet. This may be one of the drawbacks since net wallets are the fastest and the most efficient. Traders will be prompted to provide an ID before they deposit or withdraw. We used credit cards for this Magnum Options review.

The minimum withdrawal amount with Magnum Options is $100 while the minimum deposit amount is $200, which may seem high but practically, is a sensible and fair requirement. After the submission of a withdrawal request, Magnum Options may need up to 3 days to process it. After the approval, Magnum Options will require 5-7 business days to transfer the funds into your account.

Magnum Options completed their company’s registration in Gibraltar.

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Paul Graber

I was born in Manchester in 1967. I am an Economist with a Ph.D. degree. I have been working in the financial trading industry as a professional since 2003. I am a fan of Manchester United team. I am married and have a little princess.

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