MAX Options Review
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|Support Number||+44 (20) 37693658 (UK); +6531080244 (Singapore)|
|Support Types||Phone, Live Chat, E-mail|
|Minimum Trade Amount||$5|
|Maximum Trade Amount||$5,000|
|Free Demo Account|
|Deposit Methods||Visa, Visa Electron, Maestro, MasterCard, BankWire, Mister Cash, cashU, iDeal, WebMoney, Qiwi, Skrill|
|Withdrawal Methods||Credit/Debit Card, Bank Wire|
|Types of Assets||Stocks, Currencies, Commodities, Indices, Forex|
|Account Currency||USD, EUR, TRY, ZAR, AUD, GBP|
|US Traders Allowed|
Launched in England, the United Kingdom, but having its main office in Singapore, MaxOptions is a foremost binary trading options brokerage. Its trading platform was one of the first that incorporated the “Simple FX Trading System” and operates making use of the SpotOption platform.
MaxOptions is dedicated to providing the most sophisticated trading experience. Therefore, it has designed a platform that is characterized by simplicity, professionalism, and user-accessibility. However, the website of MaxOptions is available in English only which is a bit disappointing.
An assortment of three different trading accounts is available at MaxOptions. The minimum amount to initiate trading through a Mini Trading account at the broker is $250. In order to start trades via a Silver Trading account, a user would need to fund it with at least $5,000. For elite traders, MaxOptions has created the Gold account which is available for trading after a minimum sum of $10,000 has been deposited. There is also an interest-free and swap-free Islamic account.
Deposit and Withdrawal Options
Committed to ensuring a secure atmosphere for trading, MaxOptions has elaborated a list of the quickest, most popular, and most convenient payment ways. This includes VISA, VISA Electron, Bank Wire, Mister Cash, Maestro, MasterCard, iDeal, Qiwi, cashU, WebMoney, and Skrill. The minimum amount of MaxOptions deposit is to the tune of $300.
In an effort to provide the highest-quality security standards and to shield its members against fraudulent activities, MaxOptions necessitates several documents and identity proofs before a trader can be issued a withdrawal. The only available withdrawal means are bank wires and debit/credit cards.
Keep in mind that withdrawal through bank wires need between 3 and 5 days, while for withdrawing via credit or debit cards, the processing might take up to 10 business days. There may be even further delays if traders use a third party withdrawal process, which is totally out of the reach of the broker. MaxOptions does not charge service fees, but there are $25 fees that the bank charges for bank wires.
MaxOptions’s dynamic LiveTrader platform necessitates no downloading because it is 100% based on the web. It is also accessible for Android smartphone users and tablets. The web platform is https secured protocol which guarantees safe transactions. More than 70 assets are available for trading. There are no commissions or extra fees. The classical binary options may yield a profit of up to 81% while the returns with other options can reach a mind-boggling 500%.
MaxOptions believes in the continuing success of its traders and for that, it has dedicated an extensive education section on its website. It was the first brokerage that started providing its customers with a digital book which is free for all registered users. Besides, there are video education courses for both experienced and newbie traders, as well as educational classes and courses. In addition, there are webinars and welcome classes where all clients are encouraged to participate. At users’ disposal are available also an FAQ section and a blog.
Customers may reach support through an online form and four fixed telephone lines in the United Kingdom, Singapore, Australia, New Zealand, and Canada. There is also an e-mail and a live chat assistance.
All accounts at MaxOptions are eligible for bonuses. The Mini Trading account at MaxOptions gets 2 advanced courses, 3 updates via text messages, 1-on-1 personal account manager, and up to 50% welcome bonus. The bonuses for the Silver Trading account are 5 advanced courses, 30 SMS updates, 1-on-1 account manager, and up to 75% bonus. The welcome bonus for the Gold account is up to 100%. In addition, it receives 10 advanced courses, V.I.P. session with an expert account manager, and 80 SMS updates. All accounts are entitled to real-time market reviews and news.
The Mini Trading account at MaxOptions gets 2 advanced courses, 3 updates via text messages, 1-on-1 personal account manager, and up to 50% welcome bonus. The bonuses for the Silver Trading account are 5 advanced courses, 30 SMS updates, 1-on-1 account manager, and up to 75% bonus. The welcome bonus for the Gold account is up to 100%. In addition, it receives 10 advanced courses, V.I.P. session with an expert account manager, and 80 SMS updates.
All accounts are entitled to real-time market reviews and news.
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