Magnum Options Review 2016

WARNING: This broker has been shut down due to numerous complaints and security issues. We strongly recommend trading with regulated and trusted brokers.

Magnum Options Review 2016

Magnum Options Review 2016

Magnum Options was established in 2013 and today they are one of the best brokerage companies in the growing world of binary options. Although they have been on the scene for just a couple of years, they already have a lot of clients who trade with them and who seem quite satisfied with trading possibilities and other performances of this broker. Our team of experts found a lot of evidence that support the claim that Magnum Options is one of today’s best binary options brokers, so this Magnum Options review will highlight everything a trader needs to know before they decide to open an account. Stay with us and get informed!

Magnum Options Review 2016 | Login

In order to create an account and start trading, you have to complete the login process first. As you can read in our article on Magnum Options Login, this process is completely free and can be done in just a couple of minutes. Only the most basic information will be required: your name, e-mail, phone number and the currency you want to use. Once you fill out your form and submit it, you will be able to deposit money without any fear for your personal and financial data. This is because the safety of all your information is guaranteed by Secure Sockets Layer (SSL) encryption, one of the most important safety standards in the industry. After you’re done with the login, you will probably want to start trading, so let’s move on with this Magnum Options review.

Magnum Options iFollow

Magnum Options Review 2016 | Financial Requirements

In order to start trading, you will have to deposit a certain amount of money which can vary from broker to broker, but Magnum Options Minimum Deposit stands at just $200, below the industry’s average. Besides US dollars, you can select other currencies, such as Canadian dollars, Australian dollars, British pounds or euros. The methods you can use to deposit money are wire transfer, credit and debit cards (Visa and MasterCard) or Neteller.

Minimum trade (the minimum amount of money needed for a single investment) can vary from 5$ in ’60 seconds options’ to $25 in ‘One touch options’, but in any case it will provide you with more than enough chances, so you will be able to adapt to the trading platform and find your own way of trading. That’s pretty much it when it comes to the initial financial requirements, so in next paragraph of our Magnum Options review we will introduce you to various account types this broker has to offer. Keep reading!

Magnum Options Review 2016 | Account Types

Yes, at this point of our Magnum Options review, we will discuss account types that the broker offers to its clients. As you have just read in the previous paragraph, minimum deposit is $200 and for that much money you can get the Mini Account. It is a basic package which will enable you to find out everything you need to know about trading through numerous learning tools and daily market analyses. You don’t have to deposit a lot to get a lot, which is particularly useful for beginners. For $1000 you will get a Standard Account and will also receive a 20% welcome bonus (you can trade that bonus for 4 risk-free trades). If you deposit $2,500 you will get an Executive Account, customized for more experienced players. It includes various learning materials and trading lessons and you can choose between 30% welcome bonus or 6 risk-free trades. Gold account is yours if you deposit $5,000 which gives you your Senior Account Manager and daily trading groups. For professionals there is the Platinum account which requires $10,000, but the bonus you get after depositing that amount is 100%! If you want to know more details about these account types, please read our Magnum Options Account Types article.

One more thing any decent Magnum Options review must mention is the fact that you can always test this broker for free by opening a Magnum Options Demo Account!

Magnum Options Review 2016 | Trading Platform

When we start working on projects such as this Magnum Options review, we always want to test everything by ourselves. The thing we were satisfied with the most here was their trading platform. It’s very user friendly and we are sure that novices will adapt to it very quickly. It’s completely web based, so you don’t have to download any software to trade and it’s also available as an app, so you can trade any time you want! You can count on maximum security and reliability here, since their platform provider is SpotOption, world’s leading trading software provider. As for the data, it is provided by Leverate, another big and reputable international company.

Magnum Options Trading Platform

Magnum Options Trading Platform

The final thing we want to mention in this Magnum Options review is that there are many trading options you can choose from: Pairs, Long term and 60 sec, just to mention some of them. You can choose if you want to trade with stocks (Deutsche Telecom, Microsoft, Blackberry, Tata Steel, Volvo…), currencies (Euros, British pounds, American dollars, Australian dollars…), commodities (coffee, gold, oil, platinum…), indices or pairs. As we have already said, you can always try trading for free if you open a demo account, just so that you can get used to this elegant piece of software.

Magnum Options Review 2016 | Conclusion

In conclusion of this Magnum Options review, we can only say how satisfied we are with what this broker has to offer. We think it’s definitely one of the best brokers for beginners, since their platform is very well designed and by using it you can learn how to trade in no time. The best thing is that you can test it for free and practice until you decide to invest some real money and start trading for real. We had no troubles with creating an account or with any of our deposit or withdraw processes. There are numerous assets, currencies and indices for you to choose from and the variety of their account types makes us believe that you will quickly find the one that suits you just perfectly. Wait no more, trust our expert Magnum Options review and open an account with them today!




1. The Four Pillars Of Investing: Lessons For Building A Winning Portfolio (W. Bernstein, 2002)
2. The Investment Checklist: The Art Of In-Depth Research (M. Shearn, 2012)
3. Empirical Case Study of Binary Options Trading: An Interdisciplinary Application of Telecommunications Methodology to Financial Economics (G Giunta, F Benedetto – 2012)
4. Responsible Excellence Pays! (Fussler, Claude-2004)
5. The Age Of Turbulence: Adventures In A New World (A. Greenspan, 2007)

Author's overall rating:
Author: Ben Prescott

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