KeyOption Review

KeyOption Logo Max Bonus: $5,000

KeyOption

Rating: 1.0/10
KeyOption Home Page Screenshot KeyOption Trading Platform Screenshot
Broker KeyOption
US Traders Accepted
Company Name Nuntius Brokerage & Investments
Headquarters Athens, Greece
Regulation Greek Capital Market Commission (HCMC) (license #7/481/30.07.2008)
Bonus Type Match bonus
Bonus Size $5,000
Max Payout 75%
Out-of-Money Reward 10%
Trading Platform SpotOption
Early Closure
Deposit Options Credit or debit card, QIWI, Skrill, WebMoney, Neteller
Deposit Currencies US dollar, Euro, British pound, Australian dollar, Canadian dollar, Turkish lira, Russian ruble, Chinese yuan, UAE dirham, South African rand, Swedish kronor, Singapore dollar, Czech Republic koruna, Ukrainian hryvnia, Danish krone, Mexican peso
Minimum Deposit $200
Minimum Trade $10
Maximum Trade $2,000
Online Since 2014
Trading Instruments Currencies, commodities, stocks, indices
Number of Trading Instruments 50
Binary Option Types High/Low, Pairs, Long Term, 60 Seconds, One Touch, Ladder
Customer Support Types Live chat, telephone, email, paper mail
Education Offered FAQ, glossary, how-to pages, eBooks, videos, tutorials
Tools Offered Market reviews, early close, double up, rollover, signals, advice from a specialist
Languages English, Spanish, Romanian, Russian, Italian, German, French, Dutch, Arabic, Swedish, Czech, Chinese
Demo Account No

If you are an international trader looking for a binary options broker and you need serious flexibility when it comes to deposit currencies, you are not going to beat KeyOption. This broker is a SpotOption white label company, and for the most part it behaves like one. Most of the features are pretty typical, but there a few areas where the site excels.

One area is regulation. KeyOption is currently operated by a company called Nuntius Brokerage & Investments, which is based in Athens, Greece. It is regulated by the Greek Capital Market Commission (HCMC) under license # 7/481/30.07.2008. Regulation by a real financial authority always adds a level of trust to trading, so this is excellent.

Take note that there are a few other reviews of KeyOption online, but most of them appear to have outdated information on deposit requirements and more.

Making Your Deposit

You can get started for as little as $200 on KeyOption, and can make your deposit using credit or debit card, QIWI, Skrill, Neteller, or WebMoney. If you make a deposit ranging from $200-$99, you will be eligible for a 50% bonus. If you deposit $500 and up, you will receive a 100% bonus up to $5,000. As you might guess, the bonus carries a turnover requirement.

One thing that is amazing about this company is that they accept deposits in a huge range of currencies, not just US Dollar, British Pound, and Euro as most sites accept. You can also deposit in any of the following currencies:

  • Australian Dollar
  • Canadian Dollar
  • Turkish Lira
  • Russian Ruble
  • Chinese Yuan
  • United Arab Emirates Dirham
  • South African Rand
  • Swedish Kronor
  • Singapore Dollar
  • Czech Republic Koruna
  • Ukrainian Hryvnia
  • Danish Krone
  • Mexican Peso

That is literally the largest selection I have ever seen. So that is outstanding for customers located around the globe. Note however if you are a trader in the USA, you cannot join KeyOption for regulatory reasons.

Account Types on KeyOption

  • Micro: $500 and up
  • Standard: $1,000-$1,999
  • Premium: $2,000-$4,999
  • Deluxe: $5,000

If you deposit enough to open a Micro account, you get access to the KeyOption Academy, which includes numerous videos and a couple of eBooks, as well as daily market reviews. At the Standard level, you get to add on a trading tutorial and a one- month subscription to Trading Central signals.

At the Premium tier, you get all of these benefits plus dedicated training sessions, a three-month subscription to Trading Central signals, weekly access to a trading specialist for personalized advice, and alerts and assistance any time a special market event is about to occur. At the top level you get all of those same benefits, plus limited risk trades, risk-management education, and permanent access to the Trading Central signals.

Are there any fees or commissions to worry about? Sadly it is difficult to find anything definitive here. There are certainly no fees for depositing or withdrawing money mentioned anywhere on the site, and that is encouraging. But there is also nothing explicitly stating that there are no fees. A bit more transparency would be nice.

Trading at KeyOption

KeyOption uses the SpotOption platform. If you have done much binary options trading at all, odds are good you have already used it on another broker’s website. SpotOption is the most popular platform around. I have seen reviews stating that KeyOption either uses a proprietary platform or the platform offered by Markets.com, but these are outdated reviews.

SpotOption is very easy to use on your desktop or mobile device. KeyOption currently does not offer mobile trading access, nor do they have a demo account. These are both unfortunate drawbacks.

There are 50 assets in total that you can trade on the site, including currencies, commodities, stocks, and indices. Types of trades offered include High/Low, Pairs, Long Term, 60 Seconds, One Touch, and Ladder. Payouts appear to average around 75% for High/Low trades, which is not all that excellent. On the bright side, there is a wide range for trade sizes. High/Low trades start out at just $10 (some sites make you start at $25), and you can range as high as $2,000 ($1,500 is closer to the average industry-wide). So there is some flexibility here for account holders with larger and smaller bankrolls.

In terms of trading tools, along with the signals mentioned previously, you also can use double up, rollover, and early close to control your expiry times and trade sizes. Early close is an especially valuable tool, so this is great.

What do you do if you need to contact customer service? You can get in touch using live chat, telephone, or email. When I checked in, no one was there, but that was not a surprise as I was conducting my research on a weekend.

Conclusion: KeyOption Has Both Pros and Cons

In many ways, KeyOption is your typical SpotOption white label broker. It doesn’t particularly stand out in any major ways, and it does have a few drawbacks which prevent me from making a full recommendation.

Pros:

  • Tons of currency options for your deposit
  • A wide range for minimum and maximum trade sizes
  • Plenty of nice trading tools and educational resources
  • Trading signals are offered at most account tiers
  • There appear to be no fees for depositing or withdrawing your money
  • The broker is regulated

Cons:

  • There is no demo account
  • There are no mobile trading apps
  • Payouts could be higher
  • USA traders are not permitted

While I cannot give KeyOption a full glowing recommendation, there are enough positives here that I can still give them one. I do suggest that you practice trading at a demo account somewhere else before you join up however, and get in touch with customer service to test them out with a few questions before you commit.

KeyOption, 1.0 out of 10 based on 1 rating

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One Trader's Review

  1. reviewed KeyOption

    FRAUD KEYOPTION

    Good afternoon sirs,

    I am here to inform you that I have lost a lot of money in
    KEYOPTION, I would like this message to be read by everyone, the
    History is that he was operating with a money and the thing because it was not going very
    Well but one day when I get up I see a € 5000 bonus as a gift, me
    It surprises a little but well, the thing is that this was the hook for
    Put more money I did not see it clear but I was convinced that there was a
    Very important market that was safe and good that in 6 or 10 days took out
    Everything I invested (this is how it happened) I did not see it clearly but at
    Final as I had made a gift because I had to do something for them,
    In the end I chopped up and I invested more money and I reassured that this would recover it
    Fast (it’s what they told me) I trusted them and it seemed that things were going
    Well but no, the thing started to go down little by little until I lost everything.

    Now tell me how good that to be able to recover it as you have to put
    More capital, that you can turn around and get it all back, because I do not
    These rascals, so I think I will not treat my neck with gentuza
    Like this, I think it is better known than KEYOPTION to know.

    Finally, I will name these subjects so that everyone knows it.
    Gypsies that are.

    * JOSE ANTONIO MONTERREY. *
    * MANUEL OLIVA. *

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