MAGNUM Options Review

MIN. DEPOSIT $200
Up to 81% PAYOUTS
Up to 100% BONUS
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MAGNUM Options
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Overview

Broker information 100% based on the web, Magnum Options, since its inception back in 2010, has become one of the chief trading platforms in the industry of binary options. Having… more

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Details

BrokerMAGNUM Options
Website URLhttps://www.magnumoptions.com/
Founded2010
HeadquartersCavell House Stannard Place, Crispons Rd, Norwich, NR3 1YE United Kingdom
Support Number 0800 680 0683
Support TypesPhone, Live Chat, E-mail
LanguagesEnglish
Minimum 1st Deposit$200
Minimum Trade Amount$10
Maximum Trade Amount$1,000
BonusUp to 100%
PayoutUp to 81%
Free Demo Account No
Deposit MethodsVisa, MasterCard, Neteller, BankWire, JCB, cashU, WebMoney, Maestro
Withdrawal MethodsCredit Card, Wire Transfer
Expiry TimesFrom 30 seconds to 7 days
Types of AssetsCurrencies, Stocks, Indices, Commodities
Account CurrencyEUR,USD, GBP, AUD, CAD, JPY, RUB
US Traders Allowed No
Islamic Account: No

Full Review

Broker information

100% based on the web, Magnum Options, since its inception back in 2010, has become one of the chief trading platforms in the industry of binary options. Having its home office in London, the broker also provides a mobile application through which investors can engage into trading on the go. Interestingly enough, the website is available solely in the English language. It is simple, yet quite elegant.

Interestingly enough, the website is available solely in the English language. It is simple, yet quite elegant, and epitomizes convenience, security, and ease of use.

Accounts

Magnum Options provides a remarkable selection of five trading accounts. $500 is the minimum amount for the Mini account. A Starter package requires at least $1,000. To launch a Silver account, a trader must deposit $5,000. In order to start trading via a Gold account, a user needs to fund it with at least $10,000. To open a Platinum account, Magnum Options’ elite trading account, $25,000 minimum deposit is necessitated.

Deposit and Withdrawal Options

As is the case with the majority of other brokerages, Magnum Options highly respects the banking details’ security and safety of all its traders and investors. In this regard, it has elaborated a remarkable variety of reputable, easy, and quite convenient deposit and withdrawal options which serve for transferring funds to trading accounts.

Users make use of VISA, Neteller, JCB, MasterCard, BankWire, cashU, WebMoney, and Maestro for placing deposits. Requesting withdrawals through Magnum Options is straightforward and can be done via a bank wire transfer or through a credit/debit card. Bear in mind that bank wire operations are, most of the time, associated with some corresponding fees.

 

Features

A multitude of amazing options is available at Magnum Options. Probably one of the most interesting, particularly for beginner traders, is the Spot Follow feature which enables them to follow top traders, learn from their extensive experience, and copy their trading strategies. FX/CFD allows customers to engage in Forex trading. Magnum Options offers also both the 60-Seconds and the Long Term options which is not often found with other brokers. In addition, there are the Pairs, One Touch, and Ladder options available.

Education

Magnum Options is enthusiastic about its customers’ success. In its Academy, traders can take advantage of a multitude of services such as a complimentary eBook including a glossary of key terms. Courses for both beginners and experienced users are some of the other features found at the education center of Magnum Options. Some of these courses are also accessible for non-registered users. An extensive FAQ section further helps Magnum Options’ clients.

Customer Support

Magnum Options provides a toll-free number in the United Kingdom and another fixed line in Canada. It also offers a live chat, a web form and e-mail service. A major drawback is that its support is only in English but it is offered with high levels of professionalism and attentiveness.

Bonuses/Promotions

All accounts are entitled to a free access to Magnum Options’ Academy which, as listed above, provides starter webinars, digital e-book, and educational videos. With the exception of the Mini account, all other accounts get market reviews delivered to their e-mails. The Silver, Gold, and Platinum accounts are entitled to an account manager, 1, 2 and 5 academy sessions, as well as 1, 2, and 2 VIP webinars respectively.

The corresponding welcome bonuses are 25%, 30%, 50%, 75%, and 100% for the Mini, Starter, Silver, Gold and Platinum accounts. Besides the sign-up bonus, the holders of a Silver, a Gold, and a Platinum account also receive 1 risk-free trade (Silver), 3 risk-free trades and 1 guaranteed-profit trade (Gold), and 5 risk-free trades and 3 guaranteed-profit trades (Platinum).

Only the Gold and Platinum account holders will derive benefit from an optional tablet, while solely the Platinum account is eligible for same-day withdrawals.

 

 

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