Is Magnum Options a Scam?
Magnum Options Traders Share 100% True Experience.
Is Magnum Options a Scam? –We Found Out The Truth! Complaints, Withdrawal Problems & Minimum Deposit – Read Below!
|Address||1A, Arcade House Temple Fortune, London NW11 7TL, UK|
|Support Number||0 800 680 0683|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$200|
|Minimum Trade Amount||$5|
|Free Demo Account||Open Demo|
|Account Types||Standard Account, Premium Account, Executive Account, Magnum Elite|
|Deposit & Withdrawal Methods||Credit/Debit Cards, Bank Wire, CashU|
|Number of Assets||100+|
|Account Currency||USD, EUR, GBP, AUD, CAD|
Magnum Options is a broker that first opened its operations in 2013. There are several main advantages that make this broker a reliable one. They offer over 100 assets that you can trade, the minimum deposit is only $200, the payouts are up to 81% on winning trades, and if an option is out of the money they offer 10% return.
Review Verdict: Magnum Options is NOT a Scam
Tested and Verified by Is-Scam Team, Magnum Options offers a accurate option pricing, fair trade execution and reasonable withdrawal fees.
Minimum deposit is $200 and the minimum trade size is $5 on 60 seconds options and $20 on all other options, make this broker a good choice if you want to trade binary options.
Magnum Options trading platform is very easy to use and has many options available that you can trade, such as: High/Low, 60 Seconds, Long Term, One Touch, Ladder and Option Builder. They also have an iPhone and Android application, which you can use to trade from your mobile if you wish.
Magnum Options Withdrawals
Magnum Options has a standard deposit and withdrawal procedure. In order to withdraw funds from your account, you have to send a copy of your ID and a utility bill, so that your account can be verified. After it’s been verified, a withdrawal takes up to 3 business days to get approved and another 5-7 business days for the funds to show up in your account. There is no fee for withdrawals via credit/debit card, and there is no fee for the first withdrawal via bank wire each month, otherwise there is $30 fee on any additional withdrawal.
The minimum deposit is only: 200 USD, 200 EUR, 200 GBP, 200 AUD or 200 CAD, depending which currency you choose for your account.
The withdrawal and deposit methods are: Credit/Debit Cards, Bank Wire, CashU, and Skrill.
Magnum Options Complaints
Currently we haven’t come across any complaints from traders about Magnum Options. We will continue to look for legitimate complaints and feedback, and we encourage traders to send us feedback on their experience with Magnum Options. We’ll then publish this information on this site.
Review Verdict: Magnum Options is NOT a Scam
Is Magnum Options Legit?
Magnum Options is a legitimate broker, which has been in the industry since 2013.
They have 24/7 customer support that can be reached via live chat, email or phone. They have two toll free numbers for their clients. It would have been better if they add more numbers, and also provide support in more languages besides English – and we’ll be on the lookout once that happens.
Magnum Options Bonuses
Magnum Options offers welcome bonuses to new and existing clients, the bonus depends on your deposit and can range from 10% to 50%. It’s best to contact their customer support to find out what bonus they can give you. Also, keep in mind that like any bonus you accept from a broker, you have to make a certain trading volume, with Magnum Options you have to trade 30x the bonus.
Magnum Options also has a “Refer a friend” Bonus, where they give 50 USD or 50 EUR to you and your friend, if he/she depositswith the broker. There are special terms and conditions for this type of bonus, so it’s best to read them so you know the requirements beforehand.
Magnum Options Website Preview
Conclusion: Magnum Options is Safe
Overall Magnum Options is a stable and reliable broker, which has been in the industry since 2013. Their minimum deposit is only $200 and the minimum trade size is only $5, which makes it a good broker if you’re starting out. Magnum Options also offers over 100 assets, up to 81% payouts, and good welcome bonuses. Their Education section has many videos for beginner and advanced traders, they have a free e-book and regularly organize webinars to help traders. The broker has kept it’s reputation clean for the last three years and Is-scam team can recommend it as trustworthy.