EmpireOption

EmpireOption site

Сontents:

  1. What is Empireoption
  2. How Does It Work
  3. Types of Accounts and Trading conditions
  4. Deposits and Withdraws
  5. Terms of Service

Empireoption review

Founded: 2011 Min. deposit: 200$
Bonus: 25$ No Deposit Bonus Demo Account: NO
Regulated: NO Instruments: Stocks, currencies, indices, commodities

What is Empireoption

The modern world offers to an active person a lot of opportunities for making big money. Some option is to trade on site like Forex. Today, there are a lot of platforms with interesting conditions for brokers: optimal withdrawal times, bonus programs, etc. But it is very important to choose the right option, which guarantees protection to brokers or ease of their work. An interesting choice would be Empireoption, review of which is presented in the article.

How Does It Work

A company that allows brokers to earn money online was registered in 2011. The country of registration is the Virgin Islands, but branches are present in England, Uruguay and the Russian Federation. This is one of the few brokers officially represented and active in the countries of South America or South Africa.

Any trader who`se age has reached the age of majority can become an Empireoption client – the company has no restrictions on the country of residence. After registration, the user replenishes the account and makes a bet on the selected currency pair, trying to predict the rate in the future. The right decision can bring a lot of money – the percentage of profitability of the platform is near 90%.

The company’s website has a good design and is well structured. The convenient location of sections (personal account, trading platform, training materials, etc.) allows brokers to quickly understand the functionality and start trading on the exchange. The educational section contains a large number of materials and also offers the opportunity to receive personal training from experienced brokers.

Is Empireoption Reliable

Many traders are afraid of becoming a victim of scum, starting a partnership with an unverified organization. Broker empireoption is a reliable option because the company was registered in 2011 and is considered a legitimate business. At the moment, the platform has begun the process of obtaining a CySEC license, which will increase its reliability.

A professional support team monitors compliance with the rules and legal requirements. If suspicious activity is detected, accounts are blocked for investigation. In addition, all brokers’ data is protected using the SSL 3.0 protocol, which has 128-bit encryption. This makes the login, password, and details of money transactions inaccessible to the scammer.

Types of Accounts and Trading conditions

Any user can start trading on the Empireoption site – the company offers several options for the account. To open a minimum deposit (Micro) he will need $200, and its maximum balance does not exceed $ 500. Moreover, the company offers a welcome bonus of 30% of the initial replenishment amount, as well as situational bonuses (birthday, a national holiday, etc.).

Beginners can open a Demo account, allowing him to start trading without replenishment (bets are made in virtual currency). Such an approach helps to know the features of the platform and understand the patterns of currency fluctuations.

For serious players, a VIP account is available with a minimum balance of $20,000. Its advantage is the lack of transaction fee and an unlimited number of withdrawal requests.

Deposits and Withdraws

All financial transactions are carried out through reliable payment systems. Empireoption customers can access transactions with Visa and MasterCard bank cards or Neteller or Skrill e-wallets.

Users with a standard account have payout limits:

• The minimum amount for withdrawal is $ 25;

• Transaction fee is $ 30.

Users with VIP-accounts can cash out their funds without limits and transaction fee. The average speed of processing a request and payments is 3-5 business days.

Terms of Service

The company offers good conditions for trading. The benefits include:

• Rich experience, reliability, and compliance with legislation;

• Ability to open a demo account and a large number of training materials ;

• Good minimum bets ($ 5-25);

• Availability of a bonus program;

• The presence of a mobile application adapted for iOS and Android;

Disadvantages:

• Large initial deposit ($ 200);

• Commission for the withdrawal of money;

• A small number of turbo options;

• Long withdrawal time.

Complaints about the poor quality of the trader come across – for 8 years of work you cannot leave all customers satisfied. But if we analyze the dynamics of complaints, then over the past two years their number has significantly decreased, and the speed of considering applications and resolving issues has increased. Support is available by phone, email and online chat 24/7, and communication is conducted in English and French.

Of course, the broker himself chooses the appropriate platform and decides where it is more convenient for him to trade. But Empireoption is noteworthy for its good selection of features.