Magnum Options Review

Magnum Options Review

Magnum Options Review

Magnum Options is one of the top binary options brokers on the market, assisting clients to trade a wide variety of assets online. Whether a trader prefers to dabble in stocks, currencies, indices or commodities, they’ll be well served by this all-encompassing trading platform. Having launched in 2013, Magnum Options is relatively new on the binary trading scene. Their recent arrival has already made waves throughout the online trading industry and the number of clients turning to Magnum Options to trade binary options has skyrocketed since its establishment. In our Magnum Options Review we will cover the most interesting features Magnum Options offers to its traders.

Magnum Options Review | Trading Options

With over 150 underlying assets to choose from, Magnum Options has one of the most extensive selections currently available to online traders. Assets can be traded independently or in pairs, with many of the world’s most prominent corporations featuring among its asset index. Minimum trade is set only to $5 and your minimum deposit is $200 and these are some of the lowest amounts offered on the market. There are also some nice bonuses when you open your account – you can earn up to 100% of your initial deposit. In terms of trading formats, Magnum Options not only matches but surpasses the selection offered by competing brokers. Among the options offered are standard binary and one touch options. Clients can trade at a pace which best suits them, whether they favor high-speed 60 Second options or slow burning long term investments. We’ll continue our Magnum Options review with trading platform.

Magnum Options Review | Trading Platform

While creating this Magnum Options review, we must say that this broker always aims to provide its traders with the most diverse and exciting range of tradable assets on the market. Their trading platform is largely in-keeping with the conventional binary options layout. Streamlined and easily navigable, its simple design provides an optimized trading experience. The platform comprises of all the standard asset divisions, including stocks, indices, currencies and commodities. If you have traded binary options before, you will find everything very familiar; if not, you will grasp the concept very quickly. What sets this platform apart from competition is the wide variety of possibilities offered to the traders. As we have already said, there are over 150 assets which are closely monitored and an absolutely huge number of types of contracts. Regular binary options, sixty-second contracts, long term contracts – everything is there and you just have to find what satisfies your needs at a given moment. Another thing that should be mentioned about this platform is that it has its own data provider, but you can read more about that and platform’s other features in our Magnum Options Trading Platform article, and we’ll get on with this Magnum Options review.

Magnum Options Trading Platform 81

Magnum Options Review | Trading Account Packages

We’ll continue this Magnum Options review by presenting 4 account types; Standard, Premium, Executive and Elite. In order to set up an account, one must make a specified minimum deposit. For the most basic account, an investment of $200 is required to kick start trading. The Standard Account includes a 20% welcome bonus and frequent market reviews, which provides the perfect starter kit for those new to binary trading. All traders are provided with a copy of Magnum Options’ eBook upon opening an account. Premium Account holders receive all the perks enjoyed by Standard Account customers in addition to enhanced support and additional tuition in reading trading statistics. Executive Account members are afforded full access to Magnum Options’ prestigious educational academy, where they can access a vast collection of educational resources. This is in addition to a personal account manager who is on hand to advise traders on how and where to invest their funds. Traders who sign up for the Elite Package receive an amazing 100% welcome bonus and a myriad of amazing benefits. For more on this topic, go to Magnum Options Account Types, and you can read more about the support team in the rest of this Magnum Options review article.

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Magnum Options Review | Support

Magnum Options is one of those brokers whose philosophy is that the client has to be satisfied at all costs. This means that they will go to great length to provide you with a great trading experience and their website really reflects that. The first thing you will notice when you open your account with them is that you now have your personal account manager who acts as your teacher and is there to answer any questions you may have. This can also give you a pretty good idea about the dedication of their customer support whose staff is available to you around the clock via e-mail, phone or live chat. These people are well organized and trained and you can count on them to solve your problems, should any of them ever appear. Another thing you can notice when investigating Magnum Options is that they offer a very extensive Educational Academy. Designed as a collection of courses and tutorials, this Academy is the perfect place to start if you are a new trader and a good source of additional tips if you already have some experience. What is unique about this Academy is that it offers an exclusive Magnum Options e-book which has a lot of tips and hints from some of the leading experts on binary options trading. These people are in this business for years and it is certainly worth to see what they have to say.

Magnum Options iFollow

Magnum Options Review | Safety

Of course, all of these efforts are not worth very much if a broker can’t keep the money and personal information of its clients safe. We are happy to report in this Magnum Options review that this broker has absolutely no problems in this department. On the contrary, depositing and withdrawing money works as smoothly as one could hope for, with many different options available to the traders. Once you make your deposit, you will instantly be notified by the broker via e-mail that you have been accepted and soon after that you will receive detailed instructions regarding everything else you need to know. This deposit can be made by cash or debit cards, bank wire, CashU and Skrill, so one really has a lot of options which help moving things along at a satisfying pace. Withdrawal is perhaps even easier, thanks to the efficient support staff at Magnum Options. Methods are the same (CashU, Skrill, debit cards etc.) and you only have to send an e-mail to the customer support in which you state that you want to withdraw – and that’s it. Magnum Options won’t cause any problems for you even if you decide to pull out after only a few trades and the funds you withdrew will appear in your bank account within five days which is a pretty respectable speed of doing things. It should also be mentioned that you won’t pay any fees in most cases, but you can read more about that in our Magnum Options Withdrawal Review. We have tested all of these features thoroughly and you can see the results if you go to our Magnum Options Scam Test 2016.

Magnum Options Review | Feedback

The traders have picked up on this dedication of the broker and are usually offering extremely positive reviews and comments. Almost every independent review will put this Magnum Options among the very best in the industry and that says a lot about the quality of service provided. Of course, there are always some negative reviews, as well, but you soon see they are mostly caused by the traders’ own mistakes and not by a scam performed by the broker or any type of malfunction of the platform. We have tested this broker thoroughly and simply cannot agree with these negative comments – Magnum Options really is one of the best brokers out there. Now we’ll wrap up this Magnum Options review.

Magnum Options Review | Concluding Remarks

In our Magnum Options review we found them to be highly professional and a pleasure to trade with. They not only offer their clients endless choice and possibility for trading, but also provide guidance every step of the way with fantastic educational resources and experts in the trading business to ensure that each trader has a chance to maximize their profits. They are a very reliable broker which puts the needs of the clients first and will go to great length and invest a lot of energy for you to get the trading experience you want. Low minimum trades and deposits are also something worth mentioning as they will allow you to easily slip into the world of binary options trading. The dedication and competence of the staff, thorough education provided to their clients and numerous trading possibilities make this broker an excellent choice for opening your account and it is no wonder that Magnum Options is one of the top brokers in the industry.

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FURTHER READING:

1. The Master Swing Trader: Tools And Techniques To Profit From Outstanding Short-Term Trading Opportunities (A. Farley, 2000)
2. Fooled by Randomness: The Hidden Role of Chance in Life and in the Markets (N. Taleb, 2005)
3. The Alchemy Of Finance (G. Soros, 2007)
4. Charting Made Easy (J. Murphy, 2000)
5. Speculation spreads and the market pricing of proposed acquisitions  (Jan Jindraa , Ralph A. Walkling-2004)

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