Option-World Review

Option-World

Rating: 1.0/10

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Broker	Option-World
US Traders Accepted
Company Name	K.J.W Krisworld Development Ltd.
Headquarters	Nicosia, Cyprus
Regulation	No
Max Payout	75%
Out-of-Money Reward	10%
Trading Platform	SpotOption
Deposit Options	Credit/debit cards, wire transfer, Nordea, CashU, iDEAL
Deposit Currencies	US Dollar, Euro
Minimum Deposit	$200
Minimum Trade	$25
Maximum Trade	$500
Online Since	2011
Trading Instruments	Forex, Commodities, Stocks, Indexes
Number of Trading Instruments	57
Binary Option Types	Call Option,Put Option, One Touch, Option Builder, 60 Seconds
Customer Support Types	Email, by calling one of their satellite offices or via on-line chat service
Education Offered	Demo Video, How to Trade
Tools Offered	Daily Market Review, Weekly Market Review, Expired Rates,Live Financial News
Commission	$25 fee on wire transfer withdrawals
Languages	English, Spanish, Russian, Arabic, Chinese, French
Demo Account	No

Option-World is yet another binary options broker relying on the SpotOption trading platform, which is user-friendly and attractive and lots many experienced traders are already aware of its features. While experienced traders would hardly face any difficulty in using the Option-World platform, for a newbie it could be less appealing to start trading with them, as they do not provide any demo account. Online since 2011, Option-World is the brand name of Nicosia based company K.J.W Krisworld Development Ltd., which is not a regulated company and for many traders, it could be a matter of great concern for investing their money. However, Option-World offers more than 50 financial assets from the global market. So, a trader will have sufficient numbers of choices for investing money and earning profits. Moreover, one can open an account with Option-World by depositing a minimum amount of $200 only, and their minimum trade size is just $25. So, any trader with a familiarity of the trading platform SpotOption can find trading somehow appealing with Option-World.

Moreover, Option-World supports six languages including English, Chinese, Arabic and French. So, traders from various parts of the world with different lingual preferences can find it easier to start trading with them. Option-World also provides different money deposit options such as credit cards, wire transfer, CashU etc, and a trader can enjoy a great deal of flexibility when it comes to choosing a suitable deposit option. However, they allow funding either in US dollars or in Euros.

Trading Choices

Option-World is a 100% web based trading Platform offering 52 financial instruments to their traders. They offer medium to high returns in the range of 68%-75%. At the same time, traders can get out of money reward guarantee as well in the range of 5%-10%. Thus, Option-World offers the advantages of out of money and also a good earning opportunity on the investment of the traders. With Option-World, a trader can earn up to 400% with their One Touch trading opportunity. A conventional trader, on the other hand, may find their Call Option or Put Option more suitable for earning a profit of up to 75%. Option-World also offers two different modes of “Option Builder” and “60 seconds”. In “Option Builder”, traders can customize their options by choosing assets, investment amount as well as the expiry time. While with 60 seconds, a trader can make up to 70% profit in just one minute.

Bonus & Earnings

Option-World is not a major broker, but one big advantage is that they offer SpotOption trading platform, and there is no need to download any software. While it comes to earning bonuses, Option-World may not be offering lucrative opportunities to the traders. They offer bonuses as part of their promotional programs and these are offered to the traders as onetime trading credits. These bonuses are subject to specific terms and conditions, and one important condition is that one needs to execute a minimum trading of 30 times of the bonus amount in order to withdraw it. For example, if you manage to earn a bonus of $1, you will have to execute a minimum trading of $30, if you want to withdraw your $1 bonus. This is a little bit tricky, as no one will be able to withdraw the bonus amount unless the condition is fulfilled. So, for a small investor, it could be a difficult proposition, if he or she wants to withdraw his or her little bonus amount. This could be another great reason, besides not providing a demo account, why a small investor would be little interested in trading with them.

Technical Analysis

Traders can find several types of technical analysis and tools with Option-World such as Daily Market Review and Weekly Market Review. However, many experienced traders may need more advanced kinds of technical tools such as historical data and multi-directional charts to help assess the market movements. Option-World provides Expired Rates of the financial instruments which investors will find very useful to select suitable options for their investment. They also offer Live Financial News which brings the market updates allowing the traders to carry out the analysis of the financial markets.

Learning & Support

Once again, after checking the learning resources available with them, it seems that Option-World is least interested in luring new investors. While many brokers have started offering a host of learning resources to help people understand the profitability of binary options trading, Option-World has just a Demo Video and a “How to Trade” section on their website. An experienced trader may not need these learning resources at all who have been using SpotOption trading platform, but a newbie trader may remain clueless about beginning a successful trading session, by just watching a demo video. And worst is their customer support mechanism, which may fail to provide a needful assistance to a newbie who may have several queries regarding binary options trading. They have an online chat service for instant assistance, which may not be available throughout the day. And even if one is able to connect with them, it will be a matter of luck, if he or she gets a knowledgeable customer care executive to answer all the queries. Many of their customer care executives prefer to keep a silence or remain idle instead of answering to your queries. If it will be such a horrible experience who will trust them for trading, at the same time when they are not a regulated company.

Conclusion

Option-World may not be a suitable broker for a beginner. They seem to be less friendly and less professional in providing helpful assistance to their traders. Also, they do not offer any demo account, although they provide SpotOption trading platform, which is a leading web-based trading platform in the industry. Thus, experienced traders may prefer to choose Option-World for their trading, but the fact is that there are lots many professional brokers available in the industry offering better services to their clients. In such a situation, Option-World may be able to attract a less number of traders and investors to use their services.

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