Option365 Review

Option365 Logo Max Bonus: 100%

Option365

Rating: 1.0/10
Option365 Home Page Screenshot Option365 Trading Platform Screenshot
Broker Option365
US Traders Accepted
Company Name Tradeplus Solutions Ltd.
Headquarters London, UK
Regulation No
Bonus Type Match bonus
Bonus Size 100%
Max Payout 176%
Out-of-Money Reward 20%
Trading Platform SpotOption
Deposit Options Credit/debit card, wire transfer, Skrill, Neteller, QIWI, WebMoney, RBK Money, Japan Post Bank
Deposit Currencies US dollar, euro, British pound, Japanese yen
Minimum Deposit $250
Minimum Trade $10
Maximum Trade $2,500
Online Since 2012
Trading Instruments Currencies:
AUD/CAD, AUD/CHF, AUD/JPY, AUD/NZD, AUD/USD, Bitcoin/USD, CAD/JPY, CHF/JPY, EUR/AUD, EUR/CAD, EUR/GBP, EUR/JPY, EUR/TRY, EUR/USD, GBP/AUD, GBP/CAD, GBP/CHF, GBP/JPY, GBP/TRY, GBP/USD, Litecoin/USD, NZD/USD, TRY/JPY, USD/CAD, USD/CHF, USD/JPY, USD/KRW, USD/NOK, USD/RUB, USD/SEK, USD/TRY, USD/ZAR
Commodities:
Coffee, Copper, Corn, Crude, Gold, MCX Aluminium, MCX Copper, MCX Crude, MCX Gold, MCX Lead, MCX Natural Gas, MCX Nickel, MCX Silver, MCX Zinc, Palladium, Platinum, Silver, Soybeans, Sugar, Wheat
Indices:
Abu Dhabi General, BOVESPA, Bund future, CNX NIFTY, DAX Future, Dow Jones, Dubai General, EGX 30 Cairo, FTSE 100, FTSE MIB, Hang Seng 40, ISE 100, ISE 30, Kuwait 15, MDAX, MICEX, NASDAQ, NASDAQ 100 Future, Nikkei 225, RTS index, S&P Future, SPI 200 FUTURE, South Africa 40, TADAWUL, TAIEX, Tel Aviv 25, Topix 500
Stocks:
3M, A.S. Roma, ABB LTD, AFC Ajax, AMAZON, Abercrombie & Fitch, Acer, Adidas, Agricultural Bank of Chin, Akbank, Alcoa, Alibaba, Allianz, Aluminum Corp of China Lt, Apple, Aviva, Avner Oil Exploration, BAIDU, BB&T, BHP Billiton, BMW, BP, BR Malls SA, Bank Hapoalim, Bank of China Ltd, Barclays plc, Bayer AG, Beiersdorf, Best Buy, Bezeq, Bharti Airtel, Blackrock, Boeing, Borussia Dortmund, British Sky Broadcasting, CISCO, CITIC Securities, Cannabis Sativa, Capital One, Capitaland, Caterpillar, Celtic F.C., Cetip SA, China Everbright Bank Co, China First Heavy Industr, China Merchants, China Minsheng Banking Co, China Pacific Ins., China Petroleum & Chemica, China Shipbuilding Indust, China State Construction, China United Network Comm, Chipotle Mexican Grill, Citigroup, Coal India, Coca Cola Co, Colgate-Palmolive, Commerzbank, Cyrela Brazil SA, DBS Group Holdings, DLF Limited, Daimler, Delek Drilling, Delek Group, Delta Electronics, Deutsche Bank, Deutsche Telekom, EBAY, Elbit Imaging, Elbit Systems, Electronic Arts, Eli Lilly, Erdemir, Estee Lauder, Etsy Inc, Exxon Mobil, F & N, F.C. Porto, Facebook, FedEx, Fenerbahce, Fiat, Finmeccanica, Fossil Group, GD Power Development Co L, GF Securities Co Ltd, Galatasaray, Garanti Bank, Gazit Globe, Gazprom, General Electric, Genting SP, Google, HSBC, HTC, Haitong Securities Co Ltd, Home Depot, IBM, IDFC Ltd, ING group, INTEL, ISBank, Industrial Bank, Industrial and Commercial, Infineon Technologies, Infosys, Isramco Negev, JPMorgan, Juventus F.C., Kardemir, Konami, Kweichow Moutai, Lendingclub, Linkedin, Lojas Renner SA, Lufthansa, Lukoil, Luxottica, Luzhou Lao Jiao, Manchester United, Mastercard, McDonald's, Melisron, Merck, Metallurgical Corporation, Microsoft, Migdal, Mizrahi Tefahot Bank, Momo, Morgan Stanley, Natura Cosmeticos SA, Nike, Norilsk Nickel, OPKO HEALTH, Osem Investment, PepsiCo, Petrobras SA, Ping An Insurance, Qassim Cement, RBS, ROCHE, Randgold Resources, Reliance Industries, Rosneft, SANDISK, SAP, Saudi Ceramic, Sberbank, Severstal, Shenzhen Develop., Siemens, Sina, SingTel, Sohu.com, Sony, State Bank Of India, Strauss Group, Suning Commerce Group Co, TCL Corp, TJX Companies, Taiwan Cement, Taiwan Mobile, Target Corporation, Tata Consultancy, Tesla Motors, Teva, The First International B, ThyssenKrupp, Time Warner, Turkcell, Turkish Airlines, Twitter, UBS, US Steel, Ulta Salon, Ultrapar SA, UniCredit, Urban Outfitters, Vale SA, Virgin America, Visa, Vodafone Group, Volkswagen, Wuliangye Yibin, YAHOO, Zte Corporation, iShares EEM
Number of Trading Instruments 265
Binary Option Types High/Low, Touch, Range, Turbo, One Touch
Customer Support Types Live chat, phone, email, web form, paper mail
Education Offered One-on-one training, webinar sessions, glossary, FAQ, trading academy
Tools Offered 4 risk-free trades, account manager, trading signals, interest on investments (up to 5% annually), market reviews, double up, rollover, early close.
Languages English, Russian
Demo Account Yes, deposit required.

Option365 is a binary options broker founded in 2012 by a company called Tradeplus Solutions Ltd. Their website is available in English and Russian, and most of their services seem aimed at Russian traders. In fact, several pages on the site do not even load in English, including in the educational area. While they have a few interesting and unique features that are worth a look, there are load problems with their website and other issues that prevent me from making a recommendation for them at this time. There are also some informative gaps regarding their terms and conditions.

Problems Opening an Account

Registering on a binary options website should be easy, but on Option365 at present it is not. If you go to register an account, no matter what country you put in, the site will reject you as registering from a country where the broker does not allow trading. This has nothing to do with browser caching, as the error occurs in both Chrome and IE. Hopefully they will get this fixed soon, as it is presently impossible to sign up.

Were you able to get past this screen, you would have a chance to make a deposit in US dollar, euro, British pound, or Japanese yen (considering the site is geared at Russians, it is surprising the ruble is not listed). Deposit methods include credit or debit card, wire transfer, Skrill, Neteller, QIWI, WebMoney, RBK Money, and Japan Post Bank. The minimum deposit is $250 or the equivalent in your currency.

What about withdrawals? The site is incredibly unclear about this. The withdrawal terms and conditions state nothing whatsoever about limits, thresholds, or fees, but they almost certainly charge something. Very few brokers offer fee-free transactions, and those that do generally make a point of boasting about it. This lack of transparency is unsettling.

Account Types, Promotions, and Features

If you are able to make a deposit, you are allowed to open a demo account on the site with the equivalent amount of virtual currency, which is one of the better features on the site. No limitations are mentioned for this account, so it seems that you can demo trade indefinitely, which is very nice.

When you deposit, you will select one of the following types of real accounts:

  • Mini: $250-$999
  • Standard: $1,000-$4,999
  • Gold: $5,000-$9,999
  • Platinum: $10,000+

Each account includes a 100% deposit bonus. One cool thing about Option365 is that they are willing to provide second deposit bonuses as well, up to $5,000. This is not a common promotion. So if bonuses are a big deal to you, this may excite you. You can also qualify for referral bonuses.

All accounts also include a platform walk-through, free eBook, and daily market reviews. A personal account manager is available at every level, and each level also includes one or more risk-free trades. Most brokers only offer a demo account or risk-free trades, so seeing a broker with both is very nice. At the Standard level and higher, you also get the following features:

  • One-on-one training with an account manager
  • Trading signals
  • Webinar sessions
  • Interest

The interest on investments is one of the interesting features available at Option365, and again not a very common one. Interest starts at 3% annually at the Standard level, and ranges up to 5% annually at the Platinum level. This is a great feature, since it puts money back in your pocket.

Trading on Option365

Option365’s platform has a nice clean look and is easy to use. Apparently it is available for mobile devices as well, though there are no obvious links to download the apps (perhaps the page is simply mobile-responsive). Types of options include Digital (High/Low), Touch, Range, Turbo, and One Touch. There are 265 currencies, commodities, stocks, and indices you can trade (which is a whole lot!). The minimum trade size is $25 for most types of trades, and $10 for Turbo options (the latter is a bit steep in my opinion). The maximum trade size is $2,500.

One thing that immediately grabbed my attention when I looked at the platform was the payouts. Even on High/Low options, you can make up to 176% on your investment. That is typical for One Touch options, but I have never seen such high payouts on High/Low before. Also exciting is the fact that you can choose an out-of-money refund level ranging from 0-20%. Even at 20%, the payouts are still very high!

Customer Service

You can theoretically contact Option365 through their web form, email address, phone number, paper mail, or live chat. When I checked live chat, though, I was not encouraged. On a weekday during standard business hours, all I got was a form to send an email, and no one on the chat line. This makes me wonder how often the chat desk is really staffed.

Conclusion: Has Potential, But Still Not Up to Par

There are features on Option365 that I really like, and which make them stand out from the crowd. The interest on investments is great, and so is the demo account as well as the risk-free trades. The second deposit bonus is unique, and I also love the huge payouts and the flexibility regarding out-of-money returns on the trade platform.

Despite this, it is hard to give a confident recommendation to a website with missing information regarding withdrawals, a very important topic area, and which has load issues on some of the pages. Option365 really needs to get all their web pages loading in both languages, and needs to take care of that broken sign-up form. Problems like this cause me to wonder what else is wrong with the site. They also need to get someone staffing that live chat desk. If they can take care of these issues, then maybe I can give them a real recommendation in the future. Until then, they have potential, but they need some work, and there are still a lot of better choices out there.

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