BeeOptions
Based in the UK, BeeOptions are no longer a newcomer in the binary options trading business. As such, they have become known for a few features that set them apart. To begin with, they welcome US traders and they provide account managers. They offer fast withdrawals with same-day disbursements. All users benefit from a demo account, and among the perks offered by BeeOptions, the welcome bonus equivalent to 100 per cent of the deposit, the weekly draws and the 2 risk-free trades are the most inviting.
Integrity
Despite not having been in the business long, they have established themselves as a reliable broker. They are regulated and they have a corporate philosophy and a commitment to ethical values that are unparalleled. They were awarded the TradeOpus 2013 Integrity Award based on transparency, withdrawals and honesty.
Trading Tools
The BeeOptions platform, the new SpotOption upgrade, is completely web-based and accessible across the globe. It is highly secured and it adheres to Cyprus requirements. There is also a BeeOptions Mobile App for android and IOS devices which allows users to keep track of open positions remotely as it has all the functionality of the web version.
Payouts
Payout rates are usually between 60 to 85 per cent, depending on the type of asset and trading contract. The minimum trade requirement is $10, and you can go as high as $85. The minimum account deposit is only $250, to eliminate the risk factor for inexperienced traders.
Deposits and Withdrawals
Deposits are accepted via credit/debit card (Visa, AMEX and MasterCard), wire transfer, Bee Options e-Payment Card and e-wallets such as Skrill and Netteller and the accepted currencies are EUR, CAD, USD, GBP, AUD and BRL. Accounts can be opened in the following currencies: USD, GBP, EUR, AUD and CAD. The minimum withdrawal is $20 for credit cards and $100 for wire transfers. They offer one free monthly withdrawal and all others are charged $20 for credit cards and $30 for transfers. Withdrawals are as simple a clicking a button. Funds are generally transferred within 3 business days.
Education Centre
Prudent and objective binary options brokers, BeeOptions do not promise immediate, boundless riches, but instead promote their training material as necessary for inexperienced traders. There is a short guided tour on the website, yet it does not go into any detail. They provide a free e-book, with essential facts concerning their operation, signals, one-on-one training, articles, market review, a monthly journal and a blog. Free demo accounts are available and can be activated by contacting customer support. In order to qualify, users must make a minimum deposit.
Account Manager
Signing up with BeeOptions guarantees users continuous access to an account manager, a trading expert whose purpose is to offer tailored trader-friendly services and to provide guidance. You may contact your account manager via telephone, e-mail, text message or live chat. Account managers are not compulsory and trading can commence as soon as the registration and deposit have been completed.
Tradable Assets
Beeoptions’ trading platform is completely unique and user-friendly; it was developed in partnership with the CySec approved Spotoption, and therefore has a portfolio of nearly 130 assets and 66 stocks for blue-chips, such as Google, Facebook, Apple, Amazon, Coca Cola and McDonalds. With 11 currencies (AUD, CHF, JPY, NZD, EUR, USD, CAD, GBP, RUB, SGD, TRY), 7 commodities (coffee, corn, gold, oil, platinum, silver and sugar) and a list of 37 indices including FTSE, NASDAQ and Dax, you will be spoilt for choice.
Trading Types
Beeoptions dispose of several trading tools with an average profit potential of 60 to 85 per cent. The trading screen features five choices: Binary Options, Long Term, Sixty Seconds, One Touch and Pairs. Binary Options are classic Call/Pull trades. The default screen displays Top Picks with 3 trade boxes. The most popular tool is the 60 second option, which carries higher risks, but also higher potential for profit, namely up to 70 per cent. Aside from the usual 30 second, 60 second and 2 minute options, BeeOptions also offers Long Term option allows traders to increase expiration times, thereby maximising their returns. Another trading opportunity which brings high yields even when the market is closed is the One Touch option, with up to 650 per cent profits. The classic High/Low tool is the basic trading option which can be mastered in no more than five steps. The Pairs tool enables comparisons between two different assets. Roll Over is a risk management tool that adds time to your transaction in exchange for a commission and Double Up is a return augmenting tool that allows you to double your investment. They are not only simple to use, but also unique to a limited number of binary options brokers. The Sell Early feature is another risk minimising tool offered by BeeOptions.Additionally, the Pro Trader chart is a useful visual tool capturing live fluctuations.
Expiry Periods
BeeOptions offer 60 seconds, 2 minutes, 5 minutes, 10 minutes, 15 minutes, 30 minutes, 1 hour and 24 hours expiry intervals. Standard High/Low binary options expire at the end of the day, week or month.
Account Packages and Bonuses
There are four types of accounts with BeeOptions: Gold Account, Platinum Account, Diamond Account and Executive Account, each of which has certain advantages. A minimum initial deposit of $250 (EUR, GBP, CAD, or AUD, depending on the currency of the account) is required. A $500 deposit grants traders the right to two no-risk trades. Diamond Account holders receive a free iPad4 with a $10,000 deposit, as well as a weekly session with the assigned Senior Trading Consultant, and free access to AutoTrader for a month, among others. BeeOptions are very thankful for word of mouth marketing, which is why referring a friend to trade on their website can result in a $50 cash reward.
Customer Experience
The website is available in five languages, English, German, French, Spanish, and Russian. A live news feed and tutorials are easily accessible via the website. Additionally, the 60 second platform features large buttons to help make time-critical decisions faster. Generally speaking, the website is very user-friendly. It features advanced colour charts and 4 trading screens views. Customer support may be reached via Toll Free telephone, e-mail, Skype or Live Chat.
About the Company
BeeOptionsDotCom was founded in 2012 and it is owned by UKTVM Ltd., based in 37a Chippenham Mews, London, W9 2AN, United Kingdom.
Conclusion
With up to 85 per cent returns, 130 tradable assets, risk free trades upon activation, 24/7 customer support, personal account managers and trading analysts, free trading guide, user-friendly website and hassle-free withdrawals, BeeOptions are the reliable online binary options brokers that tick all the right boxes.
BeeOptions Summary: 8.7/10
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