Magnum Options Review 2015

Magnum Options Review

Magnum Options Review

Magnum Options is a binary options broker which was established in the year 2014 and is owned by Redtulips Consultants Ltd.  Their offices are located at 1A Arcade House, Temple Fortune, London, United Kingdom NW11 7TL – anyone can reach them to verify their address. They also can be reached at their toll free number 0800 680 0683 which is the UK’s number for reaching them. If you live in the United States, you can reach them at 800 986 6891. This means they are open to US traders too. Let us now have a detailed look at the trader’s other specifications in this Magnum Options review article!

Magnum Options Review | Trading platform

The platform is powered by SpotOption and is fairly navigable. Even new traders should find this platform easy to use. Moreover SpotOption is known best for making the platform fast and simple to use. The platform offers you a whole new range of assets to choose from and gives you the unique opportunity of trying out your strategies. Long term, short term, and 60 seconds trades are quite readily available on this platform. No wonder the traders are all praises for them.

If you are a new trader, you will be benefitted by the Magnum Options Minimum Trade amount of 5 USD/EUR. It is the lowest in the industry and is a great opportunity for the enthusiastic traders to try out their strategies. Not only that, but you will also be presented with a lot of educational material; there will not be a problem with grasping their platform’s basics.

This Magnum Options Trading Platform is quite favorable for making a profitable portfolio. Also, you get up to 81% returns which are reasonably high. Also, you will get 10% of the returns even on your losing investments. It is also one of the very few brokers which are accepting US traders right now, apart from the fact that they are global. And now, to continue our Magnum Options review.

Magnum Options Website

Magnum Options Website

Magnum Options Review  | Features and free tools for trading

With Magnum Options you will be presented with a whole new set of learning instruments to help you grow your profitability. Right from the basics of learning what the binary options actually are, to making the market analysis and advanced strategies, this platform will teach you all. You just need to log in to this platform and you will be able to access all the features instantly, making you learn things through a step by step chart analysis in detail.

Plus, you will get access to their latest free eBook which is a comprehensive guide to making profits with this broker, aside from getting tips on accessing their platform. The thing which we liked the most about this platform is its de-cluttered, simple interface – many brokers overdo their platform which makes it very distracting while placing trades. But Magnum Options offer a clear interface which is commendable.

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They give you the “option builder” features too, which enable you to construct your own options – making the strategies even more malleable to serve your needs. This feature, however, is probably beneficial to more seasoned traders though.

Magnum Options Trading Platform

Magnum Options Trading Platform

Magnum Options Review | Deposits and withdrawals

Deposits and withdrawals demand safety as well as ease, so they’ll be the next topic of our Magnum Options Review. Most brokers have a hard time balancing both. They either make the process so secure that the access becomes difficult, or they make it so secure that it is super easy. Magnum Options are among those rare brokers who have strived to get the right balance.

The average deposits in the binary options brokers platform seems to be around 200 USD/EUR and even the Magnum Options Minimum Deposit seems to be no different. However the added advantage of Magnum Options is that they offer a very smooth trade starting with only 5 US dollars. They also allow the traders to bank quickly.

Making the initial deposit with magnum Options is easy. You must select Visa, Maestro, Master Card or Amex, Diners Club, etc., or you can transfer your funds via wire; although the e-wallet options such as Skrill are missing. But on the occasion of withdrawing your amounts, you can fully rely on the Magnum Options withdrawal solution. All you need is a verifiable ID proof, a utility bill or a photocopy of the likes of it.

This can be completed within 10 minutes. After that, you just have to wait for the payments which will reach you within 8 to 10 days – because it may take up to 3 days to process your request, after which it will take about 5-7 days for the funds to reach you, depending upon the mode which you selected for deposition. Even though the process takes a while longer, you can be assured that your money is safe. In the rest of our Magnum Options review we’ll talk a bit about numbers, so stay with us!

Magnum Options Review | Assets, expiry time and returns

Financial assets are one thing which the Magnum Options have chosen securely. They have very short expiry time trades, such as 60 seconds trade, 30 seconds trade and even 15 seconds trade. If you are a high risk taker, then you also have the option to go for 15 minute, 1 hour or even daily and weekly trades for that matter. If your strategy is to be patient, we suggest you go for it.

You will get to choose among 7 commodities, 19 stocks, 19 indices and 12 currency pairs. This means that there are only 57 such assets to choose from. Even though this is quite low, for a budding company which has recently established, this is quite enough. Also, it depends on the strategy – some advanced players do not even need so many assets to make a successful trade.

Magnum Options Review | Final Conclusion

As seen in this Magnum Options Review, this is quite a good broker for both budding and advanced traders. There are enough learning materials on this site to learn trading quickly and make a profitable income. With the 10% returns on loss and low minimum trade features, it is essentially one of the most affordable and profitable options available.

Even though we would love to see some new additions to this site, such as more assets and the options of paying through e-wallets, for now, it is a fast growing and beneficial platform for trade.

Make use of the low minimum trade amount by trading with Magnum Options.

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FURTHER READING:

1. Apparatus and process for calculating an option (Vergil L. Daughtery, III – 2006)
2. Rich Dad, Poor Dad (R. Kiyosaki, 2000)
3. The Mathematics Of Money Management: Risk Analysis Techniques For Traders (R. Vince, 1992)
4. The Alchemy Of Finance (G. Soros, 2007)
5. Irrational Exuberance (R. Shiller, 2000)

Author's overall rating:
Author: Mark Watson
Updated:

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