Is TopOption a Scam?
Is TopOption a Scam or a Legit Broker?
Read 100% Real Experts Review & Scam Investigation.
Bonuses, Withdrawal Issues & Complaints – See Below!
|Official Website URL||www.topoption.com|
|Address||Treppides Tower, 6th Floor Kafkasou 9, Aglantzia P.O.Box 26522 CY2112, Nicosia, Cyprus|
|Support Number||+357 2 222 2039|
|Support Types||Live Chat, Phone, Contact Form, E-mail|
|Minimum 1st Deposit||$100|
|Minimum Trade Amount||$10|
|Free Demo Account||Open FREE Demo NOW|
|Account Types||Starter, PRO, VIP|
|Deposit & Withdrawal Methods||Credit Card, Bank Wire, WebMoney|
|Number of Assets||50+|
|Account Currency||USD, EUR, GBP|
TopOption was founded in 2012 and is one of the top brokers in the industry. Their office is located in Cyprus and they are regulated by CySEC. TopOption offers many great benefits to their clients: there are over 180 assets you can trade with payouts up to 85%. In addition they have an iPhone and Android application so you can trade from you mobile if you want.
One of the best things about TopOption is that the minimum deposit is only 100 USD or EUR. And the minimum trade size is only 10 USD/EUR, so you can place many trades even with the $100 account. The broker also has one of the best deposit and withdrawal conditions (see more details below).
On the TopOption’s website you can find a large education section, with many videos, ebooks, they also offer introductory webinars and one-on-one trainings. Their customer support can be reached 24/5 via live chat, phone or email.
TopOption has a wide variety of deposit and withdrawal methods. You can use a Credit/Depit card, bank wire, Skrill (Moneybookers), Neteller, WebMoney, and other methods. One of the great advantages of TopOption is that are no deposit or withdrawal fees. They also process the withdrawals very fast, up to 5 business days or sooner. And the minimum deposit is only $100.
Once you make your deposit, you’ll need to verify your account by sending a scanned copy of your ID and a utility bill with address on it. As soon as your account is verified, the broker can process your withdrawals.
Since the broker has been in the industry since 2012, are a few negative comments that can be found online. However, you know we always say that there is no way of knowing which comments are honest and which could be planted by the competition. Overall the comments were about a lag in prices for short term options (ex: 60 seconds). However we always advise traders to avoid short term options, and instead choose longer term, such as: end of day or end of week options. Because it’s very difficult to predict what will be the price of an asset 60 seconds from now.
Is TopOption Legit?
TopOption is definitely legit. They are CySEC regulated so they comply with EU regulations. In addition to this all their client’s funds are insured. This means that of up to €20,000 per client is covered by the Investor Compensation Fund for Customers of Cypriot Investment Firms.
TopOption offers attractive welcome bonuses to new clients. The bonus depends on your deposit, for example if your deposit is 200-499 USD/EUR/GBP the bonus is 50%, and if your deposit is above 500 USD/EUR/GBP the bonus is 100%.
TopOption also offers a “Refer a Friend Bonus”, where you can get between $35-350, depending on the bonus of your friend.
If you are interested in getting a bonus from TopOption, make sure you read their bonus terms and conditions, since you have to trade a certain volume in order to withdraw the bonus or the profits you made.
Overall TopOption is one of the most reliable and safe broker to trade with. It is CySEC regulated and has been in the industry since 2012. They offer high payouts – up to 85% and over 180 assets to choose from. Their minimum deposit is only 100 USD/EUR which is great because you don’t have to invest a lot if you are just starting out with Forex. There are no deposit or withdrawal fees, and their withdrawal process is very fast, most of the time you’ll get your money in 5 business days or less. To check out TopOption in more detail visit their official website from the button below.