Review of the Binary Options Broker Beeoptions
Beeoptions is a binary options broker from United Kingdom that offers a wide range of underlying assets to trade with binary options including Forex, commodities like gold and silver, stocks and indices of various markets. This broker offers various types of options which can be traded through a web based trading platform with an user friendly interface.
Type of Broker
Beeoptions is a Binary Options Broker.
Country of origin
The main offices of this broker are located in London, United Kingdom.
No information about it.
The broker BeeOptions offers the possibility to trade with binary options based on the following underlying assets:
- Forex Market: 17 currency pairs in the Forex market, including the most important as the EUR/USD, GBP/USD, USD/JPY and EUR/JPY, and other more exotic like the USD/RUB, USD/TRY and USD/SGD .
- Commodities: 8 of the most important commodities in the market, such as gold, silver, crude oil and coffee.
- Stock Indices: 40 major global indices such as Dow Jones, S&P 500, Nasdaq, FTSE 100, CAC 40, IBEX, Nikkei 225. Bombay SE and ASX among other.
- Stocks: 66 of the most important stocks of the major securities markets in the United States, Europe and Asia, including Google, Apple, Exxon, JP Morgan, Goldman Sachs, Fiat, HSBC, France Telecom, Gazprom, Tata Motors and Hitachi among others.
Types of Binary Options
Beeoptions customers can operate with the following types of binary options:
- High/Low Options: This is the most common type of binary option in the market due to the fast and high earnings that it offers to the investor and the simplicity of its operation compared to other financial instruments. With these options, the trader has to predict whether the price of the underlying asset will end above of below the entry price (the price of the underlying asset at which the option was acquired) once the option expires. Usually, the period of maturity of the High/Low options of Beeoptions is 1 hour, however the clients are able to trade options with longer or shorter expiration periods, from 60 seconds to 1 month.
- One Touch Options: These are American style binary options which are more complex compared to the High/Low options as the trader has to predict if the price of the underlying asset will tocuh or not an stablished price level or barrier. If the price of the underlying asset reaches the barrier, the option automatically expires even if the regular maturity period has not ended These options usually have an expiration period that is longer than High/Low options and offer higher profits up to 500% in the case of Beeoptions.
- Custom Binary Options: High/Low binary options in which the trader has the possibility to modify the main parameters of the option contract, including the expiration period, the underlying asset, the risk level of the trade and the return offered if the option expires In The Money. In general, these are High/Low options through which the clients of Beeoptions can trade with options fully adapted to their strategies.
- 60 Seconds binary options: It is a special type of High/Low option that are characterized by an expiration period of just 60 seconds. Thanks to this feature, these options are ideal for investors interested in trades that can generate fast earnings, especially in volatile markets and instruments such as Forex, oil and gold for example
Payment Offered by Beeoptions
The return o payment offered by Beeoptions for binary options that expire In The Money (winning transactions) is the following:
- High/Low Binary options: The return is 70% to 85% of the capital invested by the trader in the option.
- One Touch Binary Options: The return offered is 70% to 500% of the capital invested by the trader in the option.
-In the case of losing transactions (options expiring Out The Money), the client of this broker can recover up to 10% of the amount invested in the operation, which reduces the impact of losses on the investor's trading account.
This broker offers a basic type of trading account which requires a minimum deposit of only $150. This account includes all services developed by Beeoptions for traders operating with binary options, such as the use of an online trading platform and the ability to trade with various types of binary options based on all the underlying assets listed above.
Also, depending on the initial capital deposited by the customer, Beeoptions offers the following types of trading accounts:
- Gold Account: It requires a minimum deposit of $1,000. This account is ideal for beginners traders with little or no experience in binary options. It offers full access to exclusive training materials, one to one support, free webinars taught by professional and experienced traders, daily market analysis and a free ebook on binary options. The trader can get a bonus of up to 100% on all deposits made into the account.
- Platinum Account: It requires a minimum deposit of $2500. It is an ideal account for more experienced traders in binary options trading and was designed to help investors develop a personal trading strategy and maximize their profits. In addition to the benefits offered to Gold accounts, these accounts include other benefits such as full access to free webinars taught by expert traders, one on one sessions with an expert analyst, personal training with the account manager focused on trading strategies designed to trade options binary, access to a personal account manager via email, telephone and live chat on the website and a debit card. The trader can get a bonus of up to 125% on all deposits made into the account.
- Diamond Account: It requires a minimum deposit of $5,000. It is a customized trading account which is designed for traders who are interested in operating with high volumes and get a service completely customized and tailored to their needs. In addition to the benefits offered by Platinum accounts, these accounts includes other benefits such as full access to exclusive VIP promotions, webinars taught by professional and experienced traders in binary options trading, one on one weekly sessions with an expert analyst, a 1% bonus for each dollar deposited in the account which can be withdrawn at any time and an a free iPad 4. The trader can get a bonus of up to 125% on all deposits made into the account.
Beeoptions offers its customers two web-based trading platforms with the following features:
Regular trading-platform: It is a web-based trading platform that does not require download or installation, and can be accessed through the website of Beeoptions from anywhere with an Internet connection. It is an application with a design that includes several features such as updated quotes of the underlying assets, price charts and others. The regular trading platform of this broker was created specifically to trade with binary options of various types (it is based entirely on the platform SpotOptions) and includes several tools for position management which allow to open new positions and control the options that are active.
This application is designed with the following additional tools:
- Double Up: It's a function that allows the traders to increase their investment in an operation with binary options and double their profits. Basically, when a binary option is near its expiration time and the investor predicts that the market will continue in the same direction, BeeOptions offers the possibility of duplicating the option with just one click on the button "Double Up". The platform opens a new position with the same conditions as the original, but with the current price of the underlying asset.
- Roll Over: This feature is designed to extend the expiration period of a binary option, so it can be useful in transactions where the investor believes that an option which at the moment is "Out The Money" has the possibility to end "In The Money" if the expiration period is increased. The trader has the possibility of using this stop loss tool even 10 minutes before the expiration of the contract, however, the use of this feature requires the addition of an extra investment of 30% (the potential return also increases by 30% ).
- Buy Me Out: It is a tool through which the trader can sell a binary option back to the broker for a fixed price. It is an option that can be used in those transactions in which the customer believes that the option will finish Out The Money due to the conditions presented by the market, so is a tool created to limit the losses of the trader. However, Buy Me Out has the limitation that it can only applied up to one hour prior to the expiration of the option, and it only allows to recover a percentage of the amount invested.
- Options Builder: This tool was created to allow the investor to trade in the market with their own custom binary options. These options can be created and modified according to the needs and trading strategies of the trader. Through this tool, the trader has the ability to set the main parameters of the option contract, including the underlying asset, the expiration period, the return offered by the option (if it expires In The Money) and the associated risk level.
-Open Platform: A web-based platform, which features a design that focuses more on price charts compared to the previous application. Open Platform is designed to operate with High/Low and has various functions, such as updated market quotes, price charts and the ability to track historical performance of selected financial asset prices. It includes the function BuyMeOut, through which the trader can sell an option back to the broker at any time (while the option is active), of course for a fee. This tool helps Beeoptions customer to limit or reduce the risk of loss.
Not for the moment, but the account opening is completely free.
The traders that open an account with Beeoptions can deposit and withdrawal funds through the following payment options: Bank Wire Transfe, Credit Card (the most important like Mastercard and VISA) and Neteller.
The deposits can be made both in Euros, Pounds and US Dollars.
Main Advantages of Beeoptions
- On a regular basis, this company offers promotions for customers that open a trading account and deposit funds. In most cases, these promotions consist in cash bonuses for each deposit of capital made by the trader.
- It is a binary options broker that offers a variety of underlying assets to trade with binary options.
- Beeoptions allows to extend the maturity of a binary option (Rollover) or duplicate a winning trade (Double up). This last function offers the potential to increase the trader gains produced by a favorable market movement.
- The broker customers are able to trade with binary options that can be customized according to their trading strategy through the application called Option Builder. Likewise, the traders can also trade with binary options with a maturity of only 60 seconds, which are ideal for fast transactions in the market.
- It offers several types of trading accounts depending on the amount deposited, which include additional services and advantages for the trader.
- Daily Market Analysis made by experts.
- This broker offers its customers various educational resources on binary options, including:
- Webinars with expert traders with years of experience in the market.
- A personal account manager who is able to provide support and education about binary options and trading in general.
- One on one weekly training sessions with an expert analyst.
- A free ebook about binary options.
- A complete glossary about binary options in the company´s website.
- A debit card for withdrawals which can be used anywhere in the world.
- Beeoptions offers the possibility to earn money by promoting its services as a broker through various affiliate programs, including Vipaffiliates.
Main Broker Offers
This broker offers regular promotions for clients that open an account and deposit funds. The current promotions of this broker are:
- A100% welcome bonus for traders that open a trading account and deposit funds.
Minimum account size
The minimum deposit to start trading with Beeoptions is $200
Minimum transaction size
25 US dollars/euros.
Maximum transaction size
1500 US dollars/euros.
Link to the website
Open an account