Magnum Options Review
- Special Features
- Support & Service
Magnum Options Broker Review
Magnum Options is a relative new broker on the market but has established itself as a real player in a short time. Original this was another broker and they relaunched with the lessons learned this brokerage and have been very successful from the beginning.
Magnum Options they keep their offering simple and leaning towards the benefits fo the traders, for example their 10% return on lost trades and free account to familiarize yourself with their service is as advertised. Probably the best lesson learned is to keep everything transparent towards the traders. The traders are in full control of their funds and able to just concentrate on the trading itself.
Magnum Options uses the SpotOption trading engine and have designed one of the better interfaces on the market.
Many of the leading broker in the industry are using this platform because of the low threshold of learning the system for new traders and the reliability of the software.
the prices for the assets are taken from the data stream of Reuters so you know this is the latest info available. In short this is a solid proven platform which is easy to use.
Magnum Options show case a nice range of different trading formats. By trying to cater to the global trading community their aim to provide something for every trader is proven by the selection they are offering.
Each trader is able to select how to trade according to what best suits the trader with the funds that the trader has available.
They offer the basics that most people will start with, the traditional binary options, long term options, which are traditional options with longer expiry, and, of-course, the turbo option also called 60 seconds option. This product enables short term contracts for fast trading.
The other binary options types or formats are more the high yield and higher risk systems that allows traders to enhance the experience with more complex types. The risk is much higher of course but also these trading types or formats make it possible to earn up to 500% returns!
The main types they offer are:
- Classic Binary Options: Easiest and simplest form of trading Binary Options where the traders just need to predict if the asset price will go up or down
- 60 Second Options: A one minute contract on the prediction if the assets price will go up or down, after which the trader knows if he or she was successful or not.
- One Touch Options: Here the payout is determined by whether an asset “touches” a predetermined level/ Height/Price.
- Option Builder: The more complex format which offers the traders more control over the trading conditions.
For the full over view see the “assets Tab” in this review.
Magnum Options offers a good variety of different assets with some of the more exotic and less common assets available.
The standard 4 main categories are all available and they have in addition some pairs that are less common and fun to trade
They entire assets index has more than 150 assets, so it should be possible for almost all traders to find their preferred assets to trade among them.
Currently on their site the state to have:
- 82 different types of Stocks
- 24 Curries Pairs
- 8 types of Commodities
- 52 types of Indices
- And 11 Pairs
- All traders with Magnum Options get a dedicated account manager. The dedicated personalized service is very important for many binary options enthusiasts since the account manager is a direct link to the broker.
- They offer the small insurance premium this simple means that when a trade, ends out of the money, a 0 – 10% of the original investment will be reimbursed to the customer’s trading account.
- The Magnum Options Academy provides a learning resources that allows new traders started the right way and help more seasoned traders to become even better. Of course there is nothing like actually trading but their eBook and other tools are of the quality of actually being useful for traders of all levels.
Customer Support and Services
They take the service toward their clients as serious it deserves offering everyday around the clock support. This is in general pretty swift and you get to talk to people that have at least an inkling what they are talking about.
Traders are able to reach out to Magnum Options via the email “firstname.lastname@example.org”, via live chat service or by calling one of their international satellite offices. They account manager is in general also the best one to contact and you will get her or his direct details since these people are more familiar with your account and the issues you might have it will be faster to get them sorted. They have a good offering of toll free number for the clients so they will not have to pay high costs for actually talking to a person.
Banking and Company
The financial transaction that come with online investing are well taken care of. Since this is a crucial part of the business they have made sure the offer the most used services for depositing funds and withdrawing funds in the industry. . This includes wire, credit card Ucash and Webmoney. They provide detailed information on any payment option.
- Minimum deposit with Magnum Options is $200
- Minimum withdrawal is $100
- Up to 3 business days to process the request.
- Once the request has been approved it may take additional 5-7 business days for the funds to show in your account.
- Magnum Options is a company registered in Gibraltar.
|Telephone||North America: 1-800-986-6891
UK Toll Free: 0-800-680-0683
|Platform||Browser, Mobile Site, Android & iPhone Apps|
|Mobile Specific Trading||Yes, Android & iPhone App|
|Account Currencies||USD, EUR|
|Option Types||High/Low, One Touch, 60 Seconds|
|Option Expiry Times||15sec, 30sec, 60sec, 2min, 15min, 30min, 1hr, 24hr, weekly|
|Underlying Assets||19 Stocks, 7 Commodities, 12 Currency Pairs, 19 World Indices|
|In the Money Returns||70% up to 81%|
|Out of the Money Returns||10% Rebates|
|Minimum Deposit||200 USD, 200 EUR, 200 GBP, 20,000 JPY|
|Deposit Methods||Visa, Mastercard, Maestro, Wire Transfer or Amex|
|Withdrawal Time||5-7 business days|
|Documentation Needed for Withdrawal||Photo ID and utility bill|
|Support||Live Chat, Email, International Phone Numbers|
|Live Chat||Yes – 24/7|
|Demo Account||– On request|
|Platform Features||– Option Builder|
|– 60 second binary option trades|
|– Pair trading|
|– Free iPhone & Android trading apps|
|Free Tools||– Trading E-Book|
|– Basic & Advanced Articles|
Bonuses & Promotions
the offer a good payout of Maximum 81% but from what we understand and have seen Magnum options does not provide any other Promotions at this moment.
we will request from them more information concerning this as most brokers do offer a deposit bonus ,
|Commodities||COFFEE||Stocks||(US THOMSON )|
|Currencies||AUD/CHF||Stocks||BAE SYSTEMS (LONDON)|
|Currencies||EUR/USD||Stocks||BP (BRITISH PETROLEUM)|
|Currencies||GBP/CHF||Stocks||BRITISH AMERICAN TELECOM|
|Currencies||GBP/USD||Stocks||CITI ( US – CITIGROUP)|
|Currencies||NZD/JPY||Stocks||COCA COLA (US)|
|indices||BOMBAY SE||Stocks||FREEPORT McMoran|
|Indices||CAC FUTRE||Stocks||GOLDMAN SACHS|
|indices||DAX (GERMANY)||Stocks||GOOGLE (US)|
|indices||DOW (US – DOW JONES INDUSTRIAL AVERAGE)||Stocks||HSBC HOLDINGS (LONDON)|
|indices||DUBAI (DUBAI FINANCIAL MARKET GENERAL INDEX)||Stocks||IBM|
|indices||EGX 30 (EGYPT)||Stocks||JP MORGAN CHASE|
|Indices||FAZ-SHORT||Stocks||LAS VEGAS SANDS|
|indices||FTSE 100 (U.K)||Stocks|
|Indices||FTSE FUTURE||Stocks||LOUIS VUITTON|
|indices||HANG SENG (HONG KONG)||Stocks||LUKOIL (RUSSIA)|
|Indices||HANG SENG FUTURE||Stocks||MASTERCARD|
|indices||KUWAIT (KUWAIT GENERAL INDEX)||stocks||NISSAN MOTOR|
|indices||MICEX 10 (MOSCOW INTERBANK EXCHANGE)||Stocks||ORANGE S.A.|
|indices||MSM 30 (OMAN)||Stocks||PARIS TELECOM|
|indices||NASDAQ FUTURE (US – NASDAQ 100 FUTURE)||Stocks||PFIZER|
|Indices||PSI20||Stocks||ROLLS ROYCE (LONDON)|
|indices||QATAR (DSM20)||Stocks||S BANK INDIA|
|Indices||RTS (RUSSIAN TRADING SYSTEM)||Stocks||SAB MILLER|
|indices||S&P 500 (US)||Stocks||SALESFORCE.COM|
|indices||S&P FUTURE (US S&P 500 FUTURE)||Stocks||SBERBANK (RUSSIA)|
|Indices||SMI FUTURE||Stocks||SIEMENS AG|
|indices||SSE180 (SHANGHAI STOCK EXCHANGE)||Stocks||STARBUCKS|
|indices||Straits Times||Stocks||STRAITS TIMES|
|indices||TADWUL (SAUDI STOCK EXCHANGE)||Stocks||TATA MOTORS (INDIA)|
|Indices||TEL AVIV 25||Stocks||TATA STEEL|
|Pairs||AMAZON VS EBAY||Stocks|
|Pairs||AMAZON VS NETFLIX||Stocks||UNILEVER|
|Pairs||BMW VS DAIMLER||Stocks||VIVENDI SA|
|Pairs||BMW VS RENAULT||Stocks||VODAFONE|
|Pairs||FACEBOOK VS TWITTER||Stocks||VOLVO|
|Pairs||FTSE F VS CAC F|
|Pairs||GOLD VS OIL|
|Pairs||GOOGLE VS BAIDU|
|Pairs||LINKEDIN VS TWITTER|
|Pairs||McDONALD’S VS STARBUCKS|
|Pairs||RIO T. VS. BHP B.|
|Pairs||VODAFONE VS ORANGE|