Grand Option Review
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|Headquarters||39 Kolonakiou Street, Ayios Athanasios, Limassol, Cyprus|
|Support Number||+44 20 31500328|
|Support Types||Chat, Phone, E-mail|
|Languages||English, Italian, Turkish, Russian|
|Minimum Trade Amount||$25|
|Maximum Trade Amount||$50,000|
|Free Demo Account|
|Regulation||Regulated by MiFID and CySEC|
|Deposit Methods||Visa, Visa Electron, Master Card, Skrill, Delta, Neosurf, Qiwi, CashU, AstroPay, Neteller, WebMoney, Sofort, Moneta, Giropay, Wire transfer, PaySafe Card, Discover|
|Withdrawal Methods||Visa, Visa Electron, Master Card, Skrill, Delta, Neosurf, Qiwi, CashU, AstroPay, Neteller, WebMoney, Sofort, Moneta, Giropay, Wire transfer, PaySafe Card, Discover|
|Expiry Times||From 60 seconds to 1 day.|
|Types of Assets||Indices, Forex, Stocks and Commodities|
|Account Currency||USD, EUR, JPY, GBP, TRY, RUB, BRL, CNY|
|US Traders Allowed|
Domiciled in the Cypriot city of Limassol, GrandOption is probably one of the foremost binary options trading companies. Launched by a team of financial experts, GrandOption recently changed to a professional platform with a very limited access to English account managers since its clients did not wish to have an account manager. For those who desire that, they can refer to 24Option. Both companies are operated by Rodeler Ltd. and are sternly supervised by both CySEC and MiFID. GrandOption’s website comes in English, Russian, Turkish, and Italian.
Depending on the users’ needs, GrandOption offers a selection of four different trading accounts. In order to launch the regular Standard account, users would need to deposit $250. The minimum amounts to open a Gold and a Platinum accounts were not specified on the website. Diamond accounts can be opened only after contacting a senior account manager. They are granted access to services that are not available for the other accounts.
Deposit and Withdrawal Options
Relying on trusted, secured, and very convenient segregated accounts, Grand Option caters to its global scale of international users. Each and every transaction is encrypted making use of the most secure world programs in an effort to ensure 100% secure trading atmosphere.
The supported currencies at Grand Option include Japanese yen, American dollars, Euros, and British pounds. Depositing is executed via VISA, Skrill, Neosurf, VISA Electron, MasterCard, Delta, Sofort, Neosurf, Moneta, Qiwi, CashU, Neteller, WebMoney, AstroPay, Giropay, Wire transfer, PaySafe Card, and Discover.
Withdrawal requests and the money returned to them go back to the very same option the trader used for depositing. Usually, they take up to 7 working days after the receipt of the necessitated documentation. The minimum amount which a member can withdraw is $€£100 or ¥100,000. The first withdrawal at Grand Option is absolutely free of charge and there is no cap on the the amount of a withdrawal.
Users can engage into trading in Forex, stocks, indices, and commodities. The “Short Term” option’s expiry times vary from 30 seconds through 60 seconds and 2 minutes to 5 minutes. With “High/Low” traders decide whether an asset’s price will go up or down. There are also the “100% Payout” and “Max Profit” options. The latter can reach up to 400%. The “High Yield” option provides GrandOption’s traders with an opportunity to have mind-boggling payouts that go as high as 200%. Through the mobile app, clients can trade on the go.
GrandOption has an incredible Education Academy devoted to the success of its traders. It provides video courses for both novice and experienced traders and an interactive eBook including a glossary with financial concepts and definitions. Various trading strategies, such as Fencing, are available for users to explore. An economic calendar traders further and shows them future events such as live webinars in which all of them are encouraged to participate and upgrade their trading skills.
Customer support at GrandOption is accessible 24/7 through an e-mail and two fixed telephone lines. We contacted a representative via the live chat. She was very useful, prompt and answered all our questions. GrandOption can be found on Social Media, too.
All accounts may expect bonuses, which could get as high as 100% of their initial deposits, and get access to the Education Academy. Gold account members get a personal market expert, one free withdrawal a month, and a 2% return on each trade. The perks for the VIP (Platinum) accounts are training sessions with a senior market analyst, unlimited withdrawals and up to 4% returns on each trade. Diamond account users receive a personal coach, the opportunity to freely withdraw at any time, and may expect 4% return on every trade they proceed with.
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