Verum Option Review
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Verum Option Review
After personally testing the Verum Option trading platform, deposit and withdrawal procedures and after checking traders’ feedback, we made a detailed review of the broker. You can read the full Verum Option review below.
Is Verum Option a Scam?
Verum Option, owned by Coylton Services LP, is a Russian binary options broker that also accepts traders from around the world with the exception of several countries like Iran, Syria, Japan, North Korea and a few other geographical regions. Verum Option is a licensed broker holding a certificate number RU 0395AA Vv0075. It is regulated by the Financial Market Relations Regulation Center (FMRRC), which is the government agency in charge of monitoring financial service providers.
The broker offers on its website a library of educational materials including video tutorials, tactics and analysis videos, daily tips and an economic calendar. Venum Option ensures security by using the Extended Validation Certificate EV SSL and the PCI Security Standard for its website protection and for securing all payment transactions. Furthermore Venum Option has been awarded several industry awards for best binary broker of 2015.
The Verum Option trading platform offers a wide range of trading tools and features. In addition to the Call/Put (called here Up/Down) options, traders also have at their disposal One Touch and Ladder options. An interesting feature is the J Ladder, which is the Japanese version of the Ladder.
In terms of expiration Verum Option offers both Short Term and Long Term options with expiry times ranging from 30 seconds to several months. The platform also provides a couple of tools that give traders more control over the trading process. There is a feature, which allows you to double the trade amount after the option is opened as well as a tool that enables traders to delay the expiration date of an option.
The more than 200 underlying assets available on the platform are from the four major asset classes of stocks, commodities, indices and currencies and the quoted prices are provided by Thomson Reuters. The trading platform’s interface has a clear layout and all the indicators for the expiry time and the potential profit are easy to spot. The Verum Option platform has two versions − one is entirely web-based and can be used from desktop computers, but you will need an Internet connection in order to trade. The platform is also available for smartphones and tablets and you can trade from your mobile device after downloading the free application available at the App Store and Google Play. The Verum Option mobile platform offers 7 trading tools and most of the other functionalities that the desktop platform has.
Account Type and Bonuses
Unlike most other binary options brokers the Verum Option broker doesn’t provide different types of accounts. There is only one unified type of investment account and everyone gets all the available features. Another interesting thing is that the broker doesn’t seem to offer any cash bonuses or other benefits or promotions.
How to Get Started?
- Trade & Profit − After signing up investors can start placing trades and profiting from their investments.
- Free Sign-up − Opening an account with Verum Option is free of charge and the first step to do this is to register by providing your contact information. Traders also have the option to login with a social media account.
- Withdrawal − Finally you can withdraw the profits you have made from trades by placing a withdrawal request.
Deposit and Withdrawal Procedures
Traders need to deposit funds in their investment account to be able to trade. Verum Options has a very low minimum deposit requirement of only 5 USD. The minimum investment in a single trade is $1. Accounts can be funded via various payment methods, which traders can choose by logging in their Profile and clicking on the Deposit Money tab. Funds can be transferred by credit cards like Visa and MasterCard as well as using several other alternative payment methods.
When traders decide to withdraw their earnings they can do so by clicking on the Money Withdrawal tab and filling in the request form. Traders should keep in mind that they can only make withdrawals after their account has been verified. The identity verification procedure of Verum Option is standard for the industry and for more details about what documents will be needed, it is recommended to visit the Banking page on the broker’s website. Withdrawals can be cancelled as long as the withdrawal request hasn’t been processed yet.
Verum Option has its physical address at 1st Floor Office, 86 A Constitution Street, EH6 6RP, Edinburgh, UK. Customer Support can be contacted by telephone at +44 (20) 34556682, via live chat and web form as well as by e-mail at [email protected]