SuperOptions Review
| Broker | SuperOptions |
|---|---|
| US Traders Accepted | |
| Company Name | Qlogic Advisors, Ltd. |
| Headquarters | Gibraltar |
| Regulation | No |
| Bonus Type | Match bonus |
| Bonus Size | 75% |
| Max Payout | 90% |
| Out-of-Money Reward | 10% |
| Trading Platform | SpotOption |
| Deposit Options | Credit/debit cards, wire transfer, Neteller, CashU, Qiwi |
| Deposit Currencies | US Dollar, Euro, British Pound, Canadian Dollar, Australian Dollar, Yen, and Chinese Renminbi |
| Minimum Deposit | $50 |
| Minimum Trade | $5 |
| Maximum Trade | $1,000 |
| Online Since | 2013 |
| Trading Instruments | Stocks, currencies, commodities, indices |
| Number of Trading Instruments | 77 |
| Binary Option Types | High/Low, Option Builder, one Touch, 60 Seconds |
| Customer Support Types | Web form, email, telephone, live chat |
| Education Offered | Free eBook, video courses, how-to pages, glossary, FAQ |
| Tools Offered | Double up, rollover, market news, open platform |
| Commission | $15 fee for wire transfers, $2.50 for all other types of withdrawals exceeding 100% of original investment |
| Languages | English, French, Spanish |
| Demo Account | Yes, upon a deposit of $250 or more. |
SuperOptions is a binary options broker based in Gibraltar and operated by a company called Qlogic Advisors, Ltd. The company has only been online since late 2013, and in light of that, they appear to be working hard to offer a good product. Their website is incredibly easy to navigate, and detailed information is available in plain view. Many websites which have been online for two or three years are less thorough than this one and have more problems. There are no noticeable errors on the site, and they ccept US customers. Customer service is easy to reach, and very pleasant to deal with.
Looking over this company’s website and features, there literally were no negatives which jumped out at me. The only drawback at all at this point is that there is not much information available on the company outside of their own website owing to the fact that they are so new. That may well change soon, however, since they appear to be on the path to success.
Excellent Deposit and Withdrawal Terms
Opening an account on SuperOptions takes minutes, and there are a variety of different currencies and deposit methods available. Many sites only offer three currencies, but SuperOptions offers six. Customers can trade in US Dollars, British Pounds, Australian Dollars, Canadian Dollars, Yen, or Chinese Renminbi. Deposits can be made using credit or debit card, wire transfer, and a variety of e-wallets.
One stand-out feature of SuperOptions is their flexibility with deposits and withdrawals. You can open an account with as little as $50, which is incredibly low. Most sites require $100 at the very least, and typically closer to $250. You might think this comes with strings attached in the form of iffy withdrawal terms, but the withdrawal terms are clear and reasonable. The minimum withdrawal threshold is $25, which is significantly lower than the $100 threshold most binary options brokers demand. This is much friendlier than typical terms of service. There are no fees for withdrawing an amount equal to or less than the amount of your initial deposit. Beyond that, there is a $15 fee for wire transfers (lower than the typical $30 fee), and a $2.50 fee for all other withdrawal types.
With SuperOptions, your money is actually accessible. After having reviewed dozens of binary options brokers, I can say that these are some of the most reasonable terms I have ever seen. The majority of brokers make your money extremely hard to withdraw, and lock you in using all kinds of fees, thresholds, and limits. With this company, you should not have to worry about that.
SuperOptions keeps its account tiers simple. The educational resources and trading tools they offer are available to all their traders, regardless of account size. At different tiers, different bonuses are available. The company does not force you to accept a bonus (which is good). If you would like, you can request up to 75% on $10,000. If you deposit $250 or more, you have the option of trading with a demo account. To do this, you must talk to a customer service agent first. A demo account is an indispensable learning tool, and most brokers do not offer them at all, so this is yet another standout feature on SuperOptions.
Trading Features on SuperOptions
On the site you will be able to trade stocks, currencies, commodities, and indices. There are 77 in total. The platform is the familiar SpotOption platform, but the company has indicated it is working closely with the SpotOption developers to ensure that they offer a bug-free experience (contrast this with brokers who use bugs as an excuse to steal money from traders). The minimum trade size on 60 Second options is $5. For all other trade types (High/Low, One Touch, and Option Builder), it is $10. The maximum investment amount is $1,000. This is a reasonably flexible range. The platform is also flexible in allowing you to trade on your Android or iPhone if you wish to use your mobile device.
Profits are available up to 90%, and out of money rewards are available up to 10%. The 90% is much higher than the typical 75-85% which most brokers offer. This is just one more outstanding feature of SuperOptions.
Trading tools available to control trades include double-up and rollover. Option Builder lets you choose your own expiry times, and is a very useful trade type. Additionally, there is market news, a free eBook, video courses on a variety of topics, how-to pages, a glossary, and an FAQ page.
Great Customer Service
Customer service is offered on SuperOptions via telephone, email, web form, and live chat. The live chat hours are clearly listed on the contact page. As usual, I took a few minutes to contact the customer service team to test them out with a few questions. The vast majority of the time this results in an empty chat desk, no matter what the hours say. Not only was a real person there as promised, but that person was very helpful and patient and friendly, answering all of my questions thoroughly, and even providing additional information beyond the minimum. This tells me that SuperOptions is striving to be communicative and transparent with their customers.
Conclusion: A Promising New Broker
In a world with dozens upon dozens of brokers, most of whom are in business only to make a quick profit and not to build real working relationships with traders, this broker stands out as a rare gem. Since they are still relatively new, there is not a lot of information about them available on the web, so that is the only reason that at this time I would recommend caution. The website itself looks very well developed, customer service is available and helpful, and the terms and conditions are both clear and reasonable. With a demo account, excellent terms for deposits and withdrawals, and plenty of trading features, SuperOptions may very well be a super binary broker.
I made 1750 GBP profit at http://www.superoptions.com 2 days ago they told me that they will refund my deposit amount but they cant pay the profit because of a system problem about my successfull trade. They are real scammers be aware.