EUOptions Review
| Broker | EUOptions |
|---|---|
| US Traders Accepted | |
| Company Name | ChargeXP Investments Ltd. |
| Headquarters | Nicosia, Cyprus |
| Regulation | No |
| Max Payout | 75% |
| Out-of-Money Reward | 10% |
| Trading Platform | SpotOption |
| Deposit Options | Credit/debit cards, wire transfer, CashU |
| Deposit Currencies | US Dollar, Euro |
| Minimum Deposit | $100 |
| Maximum Trade | $1,500 |
| Online Since | 2011 |
| Trading Instruments | Forex, Commodities, Indices and Shares |
| Number of Trading Instruments | 57 |
| Binary Option Types | Call & Put, Option Builder, One Touch |
| Customer Support Types | E-mail, phone call, online chat (not working) |
| Education Offered | Demonstration Video |
| Tools Offered | Daily Market Review, Weekly Market Review |
| Commission | Wire transfer - $25 per withdrawal |
| Languages | English, French, German, Italian, Arabic |
| Demo Account | No |
EUOptions is one of the online binary trading brokers, offering around 50 financial instruments from the leading financial markets across the world. They offer a 100 percent web based platform so that their clients can operate from anywhere through a computer with an internet connection. But EUOptions does not have any mobile apps to facilitate trading using a mobile device. However, they are using one of the most professional trading platforms of SpotOption, which several Binary Options brokers have been using and many experienced traders would be well aware of this platform. Thus, most of the experienced traders can be assured of a great degree of convenience and user-friendliness while trading with EUOptions. Their web-based platform can allow you to trade instantly without requiring you to download and install any software.
EUOptions has been online since 2011, and it’s a brand of ChargeXP Investments, Ltd., headquartered at Nicosia, Cyprus. They are not a regulated company and this may keep many experienced traders away from them, as they may prefer to do business with a regulated company only. They support five different languages of English, French, German, Italian, and Arabic. They allow funding of the accounts in US Dollar and Euro only. They have a number of deposit options such as credit, debit cards, wire transfers and CashU. A trader can deposit a minimum amount of $100 or €100 to start trading with them.
Reliability
For many traders, EUOptions may not seem to be a credible company to do business with. First, they are not a regulated company and they do not provide a demo account either. Even before investing an amount of $100, a trader may be interested in trying their hand on the platform and get more familiarity of its features. Moreover, their customer support system is very poor. The online chat service that they claim to offer 24-hour support seems not working. And worse is that they won’t bother to respond to your e-mails ether. In such circumstances, their reliability can not only be questionable but can be doubtable as well, and before funding their account, a trader will think hundred times.
Trading Choices
EUOptions has a list of 57 financial instruments for their clients. These include Forex, Commodities, Indices and Shares from the global financial markets. Thus, they offer a fair number of assets and an earning opportunity to the traders where they can earn a maximum payout of 75%. They also provide an average out-of-money reward of 5-10%. So, a trader can rest assured that he or she is not going to lose all the money invested with EUOptions, if their business decisions go wrong in any case. EUOptions offer investing opportunities in conventional binary options of Call & Put, besides investing in two different modes “Option Builder” and “One Touch”. In “Option Builder”, a trader can earn a profit of up to 70%, with 10% out of money guarantee while the “One Touch” can give you an opportunity of making a profit of up to 450%.
EUOptions offers attractive bonuses to its traders, which are the part of the company’s promotional program. These are unique trading credits that are limited time opportunities for the traders offered by EUOptions. However, in order to withdraw bonuses, a trader needs to perform a minimum trading of 30 times of the bonus amount.
Technical Analysis
This is one more area where EUOptions scores below average for not providing comprehensive technical analysis to their traders. Most binary options brokers provide several types of technical analysis and tools to their clients, whereas EUOptions provides only Daily Market Review, Weekly Market Review, and News by Yahoo Finance. But for assessing the market movements, any trader will require multi-directional charts and historical data. As a financial broker, EUOptions must understand the trader’s need of doing an in-depth analysis of the market before investing money.
Learning & Support
Again, EUOptions has nothing much to offer when it comes to offer learning resources to its traders. They just have a Demo Video, and any newbie trader can hardly learn everything about binary options trading, even if he or she watches the video dozen times. They do not offer a demo account either. It is difficult to understand why EUOptions seems not to be more interested to lure newbie traders. The video however tries to explain everything about binary options trading, but a pro trader may find it more useful, and traders who are new to binary trading may not learn everything about using the EUOptions online trading platform to earn profits. At the same time, they do not have an active customer support team to clear the doubts, if a trader would have in his or her mind. So, EUOptions must think about including more interactive kind of learning programs such as webinars, e-books etc.
Conclusion
EUOptions must work in order to raise the bar of its reliability and present themselves as a friendly options broker before the traders’ community. If they will have a better customer support mechanism in place, more traders will be interested in joining them. In binary options trading, any trader may require immediate assistance and may lose his or her money, if makes a wrong decision. Since money and profitability of traders are involved, EUOptions needs to adopt a more serious approach to extend support to the traders in a proactive manner. Moreover, a demo account always helps a trader to gain knowledge and familiarity about the trading platform, which he intends to use in order to make money. So, before investing money, any trader wants to learn more about the platform, and EUOptions must consider about offering demo accounts to the traders.