Review of the Binary Options Broker SuperOptions
SuperOptions is a binary options broker funded in 2012 which offers various types of binary options (Above/Below and One Touch among other) based on different underlying assets such as stocks, indices, currencies and commodities. This company offers a web based trading platform with different features.
Type of Broker
SuperOptions is a Binary Options Broker.
Country of origin
The headquarters of this broker are located in London with offices in other countries like United States.
For the moment this broker is not regulated.
The clients of SuperOptions have the possibility to trade with binary options based on the following assets:
- Forex Market: 14 currency pairs of the Forex market, including the most important such as the EUR/USD, GBP/USD and USD/JPY and other more exotic like the USD/TRY and EUR/TRY for example. The trader can also trade with binary options based on Bitcoin against USD.
- Commodities: Seven commodities, including crude oil, gold and silver, three of the most important and traded commodities in the market.
- Stocks: 31 of the most important shares of the stocks markets in Europe, United States and Asia, including Google, Apple, Barclays, British Petroleum and Sony among other.
- Indices: 26 stock indices of the main financial markets worlwide, including the NASDAQ Composite, Dow Jones, S&P 500, DAX 30 and FTSE 100 among other.
Types of Binary Options
The clients of SuperOptions have the possibility to trade with the following types of binary options:
- Above/Below Binary Options: In this type of binary options, the trader must determine only if the underlying asset price will end up above or below the purchase price of the option once the contract expires. These are most common binary options because of their operational simplicity and the high returns offered to investors. Generally, the Above/Below options offered by SuperOptions have a maturity of 1 hour, though this value may vary. For example, the investor can also trade with options which have a maturity of several months or even several minutes.
- One Touch Binary Options: These are binary options in which the trader must establish whether the financial instrument’s price will reach or not a predetermined price level (barrier). If the price reaches that level, then the option is automatically terminated without finishing its period of maturity. Because these are more complex options with higher expiration periods than Above/Below options, the return offered by One Touch options can reach up to 500% in the case of SuperOptions.
- Custom Binary Options: These are binary options in which the trader can specify the main parameters of the transaction, such as the underlying asset, the maturity period, the risk level of the transaction and the performance or gain if the option expires In The Money. Basically, these are Above/Below options created by the client of this broker according to their requirements and trading strategies, which gives them a higher level of flexibility.
- 60 seconds Options: It is a special type of Above/Below binary options with an expiration period of just 60 seconds, which are the ideal choice for fast transactions and to take advantage of market price micromovements in volatile instruments such as Forex, gold or oil for example.
Payment Offered by SuperOptions
-In this cases, the earnings offered by this broker for binary options that expire “In The Money” are the following:
- Above/Below Binary options: 70%-85% of the capital invested in the contract.
- One Touch Binary Options: 70% to 500% of the contract inversion.
-For options that expire “Out The Money”, SuperOptions offers the possibility to recover from 0-10% of the contract inversion. This feature allows to minimize the impact of losing positions for the trader.
This broker offers its customers a single type of trading account, regardless of the initial deposit made by the client after the opening. This account includes all services that SuperOptions has created for traders interested in binary options trading, such as an online trading platform, various types of binary options, a variety of underlying assets, promotions for new customers (bonuses) market analysis, binary options education and customer support 24 hours a day.
The account opening is completely free. No previous deposit is required.
The trading platform of SuperOptions is a web based application based on Spotoption platform which can be accessed from any place with Internet connection through the broker´s website. It is a easy-to-use platform designed specifically to trade with Above/Below, One Touch, Custom and 60 seconds options based on all underlying assets mentioned above. In general, this application includes different features such as:
- Updated quotes of the financial instruments offered by SuperOptions.
- Basic price charts.
- Position management tools that allows to acquire new options and control the open positions.
This platform has the following function that increases the chances of success of the traders in their operations:
- Roll Over: This feature provides the possibility to extend the maturity of a binary option, so it is quite useful in those operations where the trader believes that an option which at the moment is “Out The Money” has the possibility to expire “In The Money” if the time to maturity is increased. It is a stop loss tool that can be applied up to 10 minutes prior to 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%).
- Double Up: Through this feature, the clients has the possibility to increase their investment and double their profits. Basically, when an option is near maturity and the trader predicts that the market will continue in the same direction, this broker offers the possibility of doubling the option with just one click on the button Double Up. In this way, the trader opens a new position with the same conditions as the original but with the current price of the underlying asset.
- Options Builder: It is a function that allows the trader to design and trade with his/her own custom binary options. These options can be designed according to the needs and trading strategies of the investor . With this tool, the trader has the ability to modify the main parameters of the contract, including the underlying asset, the expiration period, the return offered by the option (if it expires In The Money) and the level of risk.
-Open Platform: This is a web based platform that is more focused on price charts compared to the previous platform. Open Platform is designed to trade with Above/Below binary options and offers several features including updated market quotes, price charts and the ability to track the historical performance of selected financial asset prices. Also, it includes the BuyMeOut function which allows the trader to sell an option back to the broker at any time (while the option is active), of course for a commision. This tool helps the investor to limit or reduce the risk of loss.
For the moment, this broker does not offer a demo account, but the real trading account can be opened free of charge.
The clients of SuperOptions have following options to deposit and withdrawal funds: Bank Wire Transfer, Credit Card (the most important like Mastercard and VISA), Skrill, Neteller, CashU, WebMoney and UKash.
Deposits can be made in U.S. dollars, euros and British pounds.
Main Advantages of SuperOptions
- This broker offers regular bonuses and promotions for both new and existing customers who deposit funds in their trading accounts. For example, the current promotion is a welcome bonus for new customers up to 75% of the first deposit made after the account opening.
- SuperOptions clients have the ability to trade with various types of binary options based on all types of financial assets mentioned above.
- The trader can extend the maturity of an option or duplicate a winning trade with options.
- For options that expire Out The Money, the cliet can recover up to 10% of capital invested in the contract.
- Through its website, the broker provides basic education about binary options tradin and updated news on the market.
- The broker's customers have access to video courses on binary options trading, the platform of SuperOptions and several of its services.
- A free ebook about Binary options for customers.
- SuperOptions has a good customer service in several languages which offers the following means of contact: email, phone call and chat live on the website which operates 24 hours.
Main Broker Offers
SuperOptions offers regular promotions and bonuses for new clients. The current promotion of this broker is as follows:
- A welcome bonus up to 100% for every client that opens a trading account and deposit funds.
Minimum account size
The minimum deposit to start trading with this broker is $250.
Minimum transaction size
5 US dollars/euros.
Maximum transaction size
1000 US dollars/euros.
Link to the website
Open an account