Review of the Binary Options Broker GOptions
GOptions is a broker from United Kingdom which is specialized in binary options trading. This company offers the possibility to trade with various types of options based on many underlying assets including currency pairs (Forex), commodities, stock indices and stocks of various markets. This broker has many interesting features such as trading education resources and different extra services for the client including trading signals and regular promotions (mainly cash bonuses).
Type of Broker
GOptions is a Binary Options Broker
Country of origin
The headquarters of this company are located in Londong, United Kindom.
For the moment this broker is not regulated.
This broker allows its clients to trade with binary options based on the following instruments:
- Forex: 15 different currency pairs of the Forex market, including the EUR/USD, GBP/USD and USD/JPY and other more exotic such as the USD/ZAR and the USD/RUB.
- Indices 20 different stock indices from different markets including the US market, the European market and the Asian market. Among the indices offered by GOption, the trader has the possibility to trade with options based in the NASDAQ, Dow Jones, S&P 500, FTSE 100, CAC 40, DAX 30, Nikkei 225, Bombay SE, Hang Seng and other.
- Commodities: 7 of the most important commodities of the market, including gold, silver, platinum, oil, coffee and sugar.
- Stocks: 20 of the most important stocks from the US market, the European market and the Asian market, including IBM, Google, Apple, BAE Systems, BP, HSBC Holdings, Nissan Motors, Reuters and Gazprom among other.
Types of Binary Options
GOptions offers the possibility to trade with the following types of binary options:
- Above/Below Binary Options: This is the most common and traded type of binary option due to its simplicity and the high and fast income that it offer. The trader only has to determine if the price of the underlying asset is going to finish up or down once the option expires.The expiration period of the High/Low binary options offered by GOptions can vary from 60 seconds to one year.
- One Touch Binary Options: In this kind of option, the trader has to determine if the price of the underlying asset is going to touch or not a certain level price before the option expires. The One Touch binary options of GOptions have a expiration period of 1 week or more, and offer a profit up to 500% if the options ends “In the money”.
- Custom Options*: GOptions has an interesting tool included in the trading platform which is called “Option Builder” that offers the possibility to design and customize the Binary Options with which the client trade, so the trader can customize its trades by selecting different combinations of variables. In this way the traders can create an ideal option that is completely adapted to their trading strategy. The variables that the trader can change are the underlying asset, the expiration period, the performance and risk level.
- 30-60 Seconds Options: These are binary options with an expiration period of only 30-60 seconds, which allow the trader to profit from micro-movements of the market.
- Pair options: These are options which are based on the performance of a financial instrument against other. In this type of binary option the trader must determine if two assets are going to get closer in value or farther apart in value during the term of the contract. For example, the investor can decide to trade Facebook against Google or Gold against the US dollar. Thanks to pair binary options the trader has the possibility to speculate with two related financial instruments in one trading instead of speculating with only one asset.
- Ladder Bet options: These binary options are characterized by offering various exercise prices instead of one as in the case of regular Above/Below binary options for example. The concept behind these transactions is that the total payment of the trade depends on the underlying price can reach all levels or exercise prices (target prices), which are located like the rungs of a ladder. This means that the trader can receive partial or full payments with these options, which provides a high degree of flexibility in the trades.
*The performance offered by the custom options depends on the combinations of variables selected by the trade
Payments Offered by GOptions
-If a Call or Put High/Low binary option expires “In the money”, GOptions offers a payment from 70%-85% of the contract inversion. However, for the One Touch options, the payment is up to 500% with respect to the amount invested.
-If the option expires “Out the money”, GOptions let the trader recover up to 10% of the investment to avoid a total loss.
-Micro Account: Requires a minimum deposit of $200 to $499. It is a trading account created for beginner traders with little experience in the binary options. It offers a welcome bonus of 25% and a loyalty bonus of 10% for each additional deposit made by the trader. It also offers daily and weekly market analysis.
-Mini Account: Requires a minimum deposit of $500 to $999. It is a type of trading account designed for traders with more experience in trading binary options. It offers a welcome bonus of 35% and a loyalty bonus of 20% for each additional deposit made by the trader. The Mini accounts also include additional services such as daily and weekly market analysis, the ability to receive a weekly call and a training session and the possibility to make 4 risk-free trades worth $25 each one.
-Standard Account: Requires a minimum deposit of $1,000 to $4,999. It is a trading account created for traders with more experience and capital to invest in binary options. It offers a welcome bonus of 50% and a loyalty bonus of 35% for each additional deposit made by the trader. Standard accounts also include additional services such as daily and weekly market analysis, the ability to receive a weekly call and a training session and the possibility to make 4 risk-free trades worth $50 each one.
-Gold Account: Requires a minimum deposit of $5,000 to $9,999. It is a special type of trading account created for professionals traders with experience in binary options. It offers a welcome bonus of 75% and a loyalty bonus of 50% for each additional deposit made by the trader. The Gold accounts also include additional services like a personal account manager, weekly training sessions on technical analysis and fundamental analysis, daily market analysis, weekly sessions for the trader improvement, market alerts, a 10% insurance for every month in which the trader experience losses, one month of free auto trading signals and the possibility to make 4 risk-free trades worth $250 each one.
VIP Platinum Account: Requires a minimum deposit from $10,000. It is a special type of trading account created for large investors interested in binary options. It offers a welcome bonus of 100% and a loyalty bonus of 100% for each additional deposit made by the trader. The VIP Platinum accounts also include additional services like a personal account manager, weekly training sessions on technical analysis and fundamental analysis, daily market analysis, weekly sessions for the trader improvement, market alerts, a 10% insurance for every month in which the trader experience losses, three months of free auto trading signals and the possibility to make 4 risk-free trades worth $500 each one.
GOption offers an online trading platform (no download or installation is required) which has the following characteristics:
- It is an application based on the platform of SpotOptions (regulated by CySEC), one of the largest providers of solutions for binary options trading in the sector.
- It can be easily accessed from the website of GOption.
- It has a user-friendly interface which is easy to use, even for novice traders with little experience in the markets.
- It has a design that incorporates various trading funtions such as updated quotes from different underlying assets and price charts among others.
- It is a platform specifically designed to trade with various types of binary options, including options High/Low and One Touch.
- It incorporates several tools for position management which allow to open new positions and control options that are still active.
This application includes the following additional features:
- Double Up: It is a tool that offers the possibility of doubling the volume of the trades made by the clients of GOptions. For example, if an option is close to its expiration and the investor considers that the price of the underlying instrument will continue in the same direction, he can create a new trade (a new binary option) under the same conditions of the original trade but with the current price of the underlying asset. In other words, this function allows the customer to double the profits that can be obtained with a trade.
- Rollover: This function allows the trader to extend the maturity of a binary option, so it is particularly useful in those trades in which the client of the broker considers that an option which at the moment is “Out The Money” offers a high probability to expire in The Money if the contract period is extended. However, this tool must be used carefully because it has a cost and there is always the possibility that the option expires Out The Money even with the extended period.
- BuyMeOut: This is a unique feature of GOption which allows the trader to get out of a losing trade, without suffering large losses. In this case, if the market moves against a trade, the trader only has to click in the BuyMeOut button to sell the position back to the broker. With this interesting risk management tool the clients can reduce the amount of their losses. Of course there is always the loss of a portion of capital invested although this is less than that produced by an option that expires “Out The Money”.
- Option Builder: This is a function which allows the traders to design their own binary options. Basically the trader can modify the main parameters of a binary option such as the underlying asset, the expiration period, the performance and risk level.
-Mobile Trading: GOption offers an application designed to access the account and trade with binary options from almost any mobile devices such as smartphones based on the Android technology and Apple´s mobile devices like the iPhone. With this platform the trader can transact business or make trades instantly. This application offers many benefits including an user-friendly interface, live and dynamic charts, live quotes, easy access to the portfolio and open trades, fully integrated communication between mobile and web-based platforms and other.
Automated Trading with GOptions
Autotrading is a system implemented by GOptions that offers the customers the possibility that other traders, with expertise in binary options, trade in the market on their behalf. The way this service works is simple: the customer selects one or more signal providers on the websites of signalindex.com or signalpush.com. Once the customer signs up, the trades performed by the signal providers are replicated in their trading account.
GOptions offers a demo account to all customers who have a live account with funds. Once the trader deposit funds the company provides you with a demo account at no additional cost.
The client can deposit/withdrawl funds by Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA), Skrill, Neteller and CashU.
Customers can make deposits in the following currencies: Euro, US dollar, Canadian dollar, British pound and Australian dollar.
Main Advantages of GOptions
- Regularly, GOptions offers promotions to their customers mainly in the form of bonuses for traders who open a trading account and deposit funds.
- This broker accepts customers from the United States.
- The customers of this company are able to trade with custom binary options and with options that have a maturity of only 30-120 seconds.
- Through the trading platform of GOptions, the trader can extend the maturity of a binary option or duplicate a winning transaction.
- Daily market analysis carried out by experts.
- No direct charges for trades of their clients.
- This broker has an automated trading service in which the trading signals providers are real traders with experience in the binary options market.
- Several applications through which the trader can access the account and trade with binary options from different mobile devices like smarthphones.
- GOptions customers have the possibility to request a demo account.
- GOptions offers various education resources on binary options such as:
- Educational articles about binary options and the market in general.
- Several video courses.
- Video tutorials about binary options and other subjects related with trading in general.
- GOptions offers the possibility to earn money by promoting its services as a broker through two affiliate programs called GOption Partners and VIPAffiliates.
Main Brokers Offers
The following are the current promotions of this broker:
- Welcome bonuses from 25% to 75% for new clients.
- Risk free trades for new clients.
Minimum account size
Minimum transaction size
$25 US dollars/euros.
Maximun transaction size
$5000 US dollars/euros.
Link to the website
Open an account