500Option is Out of Business
Choose a Licensed Binary Options Broker, see here.
500Option is a fairly new binary options broker that open for business in 2015.
The minimum deposit for new trading accounts at 500Option is $250.
The minimum trade size is $10.
Their trading platform is currently available in Arabic and English, since most of their traders come from the Middle East & English speaking countries like Australia, United Kingdom and South Africa.
500Option offer their traders the popular SpotOption Trading Platform.
The trading platform is the newest version of SpotOption also known as SpotOption 2.0. They have standard binary options with returns of 71% on gold options. They also have the 60 second options, along with 2 minute and 5 minute options. They have over 100 assets to trade including Forex Options, Options on Oil & Gold, and a variety of stocks.
A new feature of their trading platform is the trade idea generator based on technical indicators. On the chart, traders can scan for a signal based on RSI, Moving Average, and Bollinger Bands. Be sure to select the time frame of the chart for a more accurate reading.
The benefit of using the SpotOption trading software is that it is integrated with many signal providers, read more here.
500Option Special Offers
Their best offer today is for risk free trades.
They currently offer traders bonuses, based on the size of the traders initial deposit. When you read their terms and conditions page, you will see that the trading volume requirement for withdrawal of a bonus is 30 times the trading volume.
This does not bother many traders who are looking for brokers bonus money, but it can lead to complaints when it comes time to withdraw profits.
500Option License & Regulation
When reviewing brokers, one of the many things that a traders look for is a CySEC licensed broker.
500Option said that they are in the process of getting an European Union license from CySEC.
In the meantime, they are not a licensed broker.
Address: 500Option Group Ltd, Blake Building, Suite 102, Ground Floor, Corner Eyre & Hutson Streets, Belize City, Belize
Phone Numbers; United Kingdom: +44 203 769 7245. Skype: support500option
Email: [email protected]