Our Review of Option888.com
Option888.com is a trading platform that offers unusually high returns - up to 88% in fact. In addition, this is a broker that also provides education about trading, markets and commodities as the company believes that training can only be done well with education. With options for both beginners and veteran traders, Option888.com aims to be an all round site that will appeal to everyone involved in the trading world. Option888.com also places great emphasis on support - for instance, as well as the 24 hour support provided for traders using this broker, when you open an account with Option888.com you can expect to receive a welcome call and a telephone monitoring session.
Account Types + Opening
It is quick and easy to open an account with Option888.com, and there are four account types to choose from: Bronze, Silver, Gold and Diamond. Bronze has the lowest minimum deposit and Diamond the highest. The Bronze account is clearly tailored to beginners. Though it is more expensive to open and maintain, a Diamond account offers many additional benefits, including next day withdrawals and the offer of 6 risk free trades (with a gold account you are given 4 risk free trades by way of comparison). There is an even more elite Senator account up for grabs too, whilst the Corporate account option is one that is developed on a bespoke basis in consultation with your individual Option888.com account manager.
Promotions, Sign Up + Deposit Bonuses
Bonuses are given on your first deposit with Option888.com and the size of the bonus that you get will depend on your account type. A 50& bonus and a modest bonus rollover is associated with the Bronze account whilst 100% bonuses and larger bonus rollovers are associated with the Gold and Diamond accounts.
Commissions and Fees
Commissions and fees depend on account types, but they are charged on trades placed, expired trades and withdrawals.
Trading Platform Review & Mobile Apps
In keeping with its slick and effortless image, Option888.com has developed an app for smartphones. Its site itself has a fluid, elegant feel that is uncluttered but nevertheless packed with practical tools and educational material.
Deposits & Withdrawal Methods + Ease
Minimum deposits depend on your account type. With a bronze account, you can deposit a minimum amount of $250 whilst with a Diamond account this is $20, 000. Again, withdrawal times will depend on the type of account that you hold. With a Diamond account you can get next day withdrawals, whilst the speed of withdrawals decreases as you move from Gold through Silver to Bronze accounts. Deposits and withdrawals can be performed using either a bank card or a bank account transfer, and traders need to verify their identity before making transactions.
Regulators & Safety: Are they a reliable, legitimate broker or a scam?
Option888.com is not regulated as yet but there is no indication that it is a scam.
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