Review of the Binary Options Broker Startoptions
Startoptions is a broker specialized in binary options trading which offers Above/Below and One Touch options based on different types of underlying assets including currency pairs (Forex), stocks and indices of various markets and commodities. This broker was founded in 2009 and has interesting features for the trader including a web based trading platform and promotions for new clients, including cash bonuses.
Type of Broker
Startoptions is a Binary Options Broker
Country of origin
The headquarters of Startoptions are located in Cyprus.
For the moment, this broker is not regulated. However, currently this company is in the process of regulation with the CySEC of Cyprus, the financial regulatory agency in that country.
This broker allows to trade with options based on the following underlying assets:
- Forex Market: 6 of the most important currency pairs including the EUR/USD, GBP/USD, USD/JPY and GBP/JPY among others.
- Commodities: gold, silver, copper and oil, the most important and traded commodities in the market.
- Stocks: The most important stocks of the US and European market such as Apple, Coca Cola, Microsoft, Barclays, British Petroleum and others.
- Indices: 5 of the most relevant stock indices in the markets such as NASDAQ, FTSE 100 and S&P 500 among others.
Types of Binary Options
For the moment Startoptions offers the following types of Binary options:
- Above/Below Binary Options of 1 hour: It is the most traded type of Binary Options because of its simplicity and the high return that the investor can obtain in the option expires In The Money. In this case, the trader only has to determine if the underlying asset price will finish above or below the entry price (the acquisition price of the option) when the option expires.
- One Touch Options (a type of barrier option): This type of Binary options offers a higher return than the Above/Below options. In this case, the trader must determine whether the price of the underlying asset will reach or not a determined level price of the underlying asset before the option expires.The Barrier Options of Startoptions has a return up to 350%.
Payments Offered by Startoptions
-If the option expires “In the money”, StartOptions pay from 65% to 85% of the contract inversion for the Above/Below Binary options. The contracts are for 1 hour.
-For the One Touch Options, this broker offers a high return up to 350%.
- This broker has one trading account that allow to trade with Binary Options based on all financial instruments mentioned above.
- It offers an easy to use web based platform with all the functions need it to trade with Binary Options. This application include charts and updated market quotes.
- This application is based on the trading platform developed by the broker Tradesmarter, a company consolidated in the sector of Binary Options trading.
For the moment, this broker does not offer a demo account, however the opening of the real account is free.
Main Advantages of Startoptions
- Startoptions is in the process of acquiring the regulation by CySEC of Cyprus.
- This broker offers bonus for real trading account opening (25%).
- Excellent customer service by phone, e-mail and chat.
- Free analysis reviews of the market.
- Free client training and support depending on initial deposits levels..
- Startoptions offers a lot of instruments for trading.
- If the trade is “out the money” (if the prediction of the trader is not correct), the trader will get a 10% refund from StartOptions.
- An intuitive an easy to use trading platform.
- No commissions or fees of any kind for the traders.
- Startoptions has a tool that allows to see the general tendency of trades made by the clients of the broker in any time. For example, the client can see the percentage of call options or put options for a determined underlying asset such as a currency pair.
- This broker offers the possibility to earn extra money promoting its services through and affiliate program called Startoptions Affiliates.
- StartOptions launched the Binary Options Trading Club, that was created for VIP customers and provides the following services:
- Larger lot sizes of up to $ 2000.
- Faster withdrawals.
- A personal account executive.
- Access to the latest trading tools, including advanced price charts.
- Extra promotions, including a welcome bonus of 50%.
Main Brokers Offers
Startoptions offers attractive regular bonuses for clients deposits in their trading accounts. The amount of these bonuses depends on the amount of money deposited by the trader and can be up to $2000. For example, if a person deposits $500 the bonus will be $100, but if the deposit is $5000 the bonus will be $2000.
|Company||StartOptions is operated by Market Punter Pty Ltd|
|Minimum account size||The client can make deposits in USD, EUR or GBP. The deposits in EUR or GBP will be converted at the day exchange rate.The minimum deposit to start trading is 250 USD, EUR or GBP.|
|Minimum transaction size||50 US dollars.|
|Maximum transaction size||2000 US dollars|
|Link to the website||StartOptions Website|
|Open an account|