FireOptions Review

FireOptions Logo Max Bonus: 100%


Rating: 1.00/10
FireOptions Home Page Screenshot FireOptions Trading Platform Screenshot
Broker FireOptions
US Traders Accepted
Company Name Safecap Investments Ltd.
Headquarters Nicosia, Cyprus
Regulation CySEC (license #092/08)
Bonus Type Match bonus
Bonus Size 100%
Max Payout 80%
Out-of-Money Reward 0%
Trading Platform Keystone TS
Mobile App Android and iOS
Early Closure
Deposit Options Credit/debit cards, wire transfer, WebMoney, Skrill, Neteller, QIWI, SOFORT, Fast Bank Transfer
Deposit Currencies US dollar, British pound, euro
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $2,500
Online Since 2014
Trading Instruments Stocks, currencies, indices, commodities
Number of Trading Instruments 53
Binary Option Types High/Low, Speed Master (60-120 Seconds), One Touch, Touch/No Touch, Pro Option
Customer Support Types Phone, email, paper mail
Education Offered 1-on-1 training, FAQ, glossary, how-to pages, eBooks, videos
Tools Offered Double up, rollover, early close, account manager, newsroom research, alerts & updates, trading central report & SMS signals, market reports, economic calendar
Languages English, Arabic
Demo Account Ask an account manager

FireOptions ceased operating as a binary option broker. It is out of business now. The review presented here is no longer applicable.

Traders outside the US who are searching for a regulated broker may be interested in FireOptions. FireOptions is operated by Safecap Investments Ltd., a Cyprus-based company which also runs OnlyOption and TopOption. Both of those brokers are ones we have recommended in the past. FireOptions has similar competitive features and gives traders the peace of mind which comes from trading with a regulated company. FireOptions operates under CySEC license #092/08.

Opening a FireOptions Account

If you want to trade on FireOptions, your first step is to get set up with a trading account. You must fill out a couple of screens, including not only basic information (street address, email account, and so on), but also some details on your trading history and employment. This seems to be a requirement as per CySEC regulations. Next, you will be able to make a deposit. FireOptions accepts a number of deposit methods, including credit or debit card, wire transfer, WebMoney, Neteller, Skrill, QIWI, SOFORT, and Fast Bank Transfer. You can trade in US dollar, euro, or British pound.

You can get started with a real account with as little as $200. Is there a demo account? I cannot find one on the site, but I have seen other reviews indicate that one is available if you ask an account manager. This is implied by the account status you find listed in the upper right-hand corner of the screen once you are logged in. My screen says: “Account Type: real.” This implies that there is indeed a practice account available.

FireOptions Account Tiers

There are three different account tiers available on FireOptions:

  • Standard: $200 minimum deposit, 50% welcome bonus.
  • Pro: $1,000 minimum deposit, 100% welcome bonus (up to $4,999).
  • VIP: $5,000 minimum deposit, 100% welcome bonus (no limit listed).

One great thing about FireOptions is that there are no fees! After you deposit your money, you can withdraw it as often as you like, as long as you stay under their very high limits (you cannot take out more than $20,000 a week on your credit card, for example). There are no minimum thresholds mentioned, so things are very flexible. This is great to see considering how so many other brokers impose so many fees and restrictions.

What features do you get with each of the accounts? All of the accounts include an account manager, access to web and mobile (iOS and Android) platforms, risk management tools (early close, double up and rollover, the standard three), a video library (the videos are pretty basic), a couple of trading eBooks, newsroom research and updates, and the peace of mind that goes with the Investor Compensation Fund. This is not the same thing as an out-of-money refund. It goes with CySEC membership. Basically, if FireOptions goes out of business, your account is insured up to €20,000.

Any other special features? If you have a VIP account, you also have access to off trading hours assistance, and you can receive the trading central report and SMS signals. On top of that, all accounts include some 1-on-1 training. At the Standard level, that only includes introductory training. If you sign up for a Pro account, you get 3 hours per month indefinitely, and if you sign up for a VIP account, you can get unlimited training from a professional any time you need it. Many other brokers only start services like this if you deposit a huge amount of money. $5,000 is not a high requirement, so this is great.

Trading on FireOptions

FireOptions has a unique platform called KeyStone TS, which a few other brokers also use. Even though it is not very common, it looks and functions very much like SpotOption. If you have any familiarity with binary options platforms at all, you should find it very easy to use. And even if you do not, you should find it easy to learn.

You can trade as little as $10 on FireOptions, or as much as $2,500. There are 53 assets available to trade, including stocks, currencies, commodities, and indices. While this is not a huge amount compared to some other binary options brokers, it should be more than enough for most traders. Types of trades include High/Low, SpeedMaster (60-120 second trades), One Touch, Touch/No Touch, and Pro Option. These are all your standard binary options trade types which are common on most sites. ProOption includes a graph and additional technical tools for planning your trades. Frankly, this is not a huge amount of variety, and I would like to see FireOptions add on Ladder, Pairs, or Boundary trading to give traders a few more options.

Customer Service: No Live Chat

Another drawback with FireOptions is the fact that there is no live chat available on the site. The feature does not exist at all. The only ways to reach the broker are via telephone, email, or paper mail. There is no web form either. This is not great, since it makes it hard to test out customer service. It also makes the company slightly less accessible than they should be to everyone. Live chat is fast and handy, and in a pinch, it can be very helpful. It would be great if they would add this feature.

Conclusion: A Promising Broker

Safecap’s websites on the whole appear to be some of the better choices out there for regulated binary options trading. It is good to see more and more brokers reaching out to CySEC and other financial authorities to offer traders safer investing. Safecap could improve by adding a live chat desk to their website, as well as a few more trade types. They do have a lot of other helpful features, though, especially the one-on-one training and upper tier signals, neither of which requires a massive deposit. Best of all, they do not impose fees for deposits or withdrawals, and hardly any withdrawal restrictions. This makes it easy for traders to take out their winnings. If you are located outside the USA, FireOptions is certainly worthy of your consideration.

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Binary options trading involve risk. Although the risk of executing a binary options open is fixed for each individual trade, it is possible to lose all of the initial investment in a course of several trades or in a single trade if the entire capital is used to place it. It is not recommended to base your investment decisions on any information presented on or originating from By browsing this website you express your acceptance of the terms of this disclaimer and that cannot be deemed responsible for any losses that may occur as a result of your binary option trading. is not licensed or registered as a financial consultant or adviser. is neither a broker, nor funds manager. The website does not provide any paid services. All content of is presented for educational or entertainment purposes only.

General Risk Warning: Trading in Binary Options carries a high level of risk and can result in the loss of your investment. As such, Binary Options may not be appropriate for you. You should not invest money that you cannot afford to lose. Before deciding to trade, you should carefully consider your investment objectives, level of experience and risk appetite. Under no circumstances shall we have any liability to any person or entity for (a) any loss or damage in whole or part caused by, resulting from, or relating to any transactions related to Binary Options or (b) any direct, indirect, special, consequential or incidental damages whatsoever. is compensated partially through the affiliate commission earned from some of the listed brokers.

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