Magnum Options Scam Test 2016

Magnum Options Scam Test 2016

Magnum Options Scam Test 2016

In the binary options world, you have to be careful when choosing a broker to trade with because scam brokers are unfortunately not unheard of in this business. Some brokers have been present on the market for some time now, but over the last few years the number of companies in this business has increased dramatically. Launched in 2013, Magnum Options is a company based in London and we decided to test them in order to see how reliable their service and business models really are. Read our Magnum Options Scam Test 2016 and see what we found out!

Magnum Options Scam Test 2016 | Trading platform

First things first – we will start our Magnum Options Scam Test 2016 with the broker’s trading platform. We can tell you that it’s very user friendly and that it functions perfectly, just as you would expect from a platform based on SpotOption software. We guarantee no problems will ever arise when it to its technical aspect. In addition, Leverat is the company responsible for all the data you receive, meaning you will have a perfect and completely safe trading experience.

Magnum Options Trading Platform

Magnum Options Trading Platform

There are more than 100 different assets to choose from (stocks, currencies, indices, commodities) and several modes of trading, including One Touch and 60 Seconds. It’s also important to say that Magnum Options’ platform is available as an app and can be downloaded from both Google Play and App Store. That’s right: you can trade wherever and whenever you want with all the possibilities of the regular non-mobile platform on your mobile device. All you need is an internet connection. More information about the app can be found in our Magnum Options App article. However, there is also a way to test everything for free and you can learn how if you keep reading our Magnum Options Scam Test 2016. 

Magnum Options Scam Test 2016 | Login

We will continue our Magnum Options Scam Test 2016 by explaining the first thing you have to do in order to start trading: the login. It’s so simple to log in that absolutely anyone can do it in a matter of seconds. The process is also completely free and requires no downloads or software of any kind – everything is done online. All you have to do is to fill out a simple form with some very basic personal information, such as name and e-mail address. After that you will be able to choose an account. And don’t worry, every piece of information you disclose to this broker will be protected with very reliable SSL encryption.


Magnum Options Scam Test 2016 | Account types

There are several types of account you can choose between, and we advise you to take a good look at them before you make any decision. The minimum deposit you can make is $200 and that sum is a bit lower than is usual in the industry. If you deposit that amount, you will get access to a Mini account, whereas for $1,000 you can become a holder of a Standard account and for $2,500 you will get your Executive account. There are two more account types which are designed for professional traders: Gold account and Platinum account. The first one will ask you for a $5,000 deposit and the second one for $10,000. Keep in mind that every account has its own privileges, bonuses and so on. As a matter of fact, they are extremely well equipped and deliver everything they promise, but you can read about that in our Magnum Options Account Types analysis.

Magnum Options iFollow

As already mentioned here in this Magnum Options Scam Test 2016, there’s a way you can test Magnum Options’ platform for free. You can do that if you open another account type – the Magnum Options Demo Account.

Magnum Options Scam Test 2016 | Money Transfers

In this paragraph of Magnum Options Scam Test 2016 we will say a couple of words about the deposit and withdrawal methods. The things are actually pretty simple – as already stated, Magnum Options Minimum Deposit is only $200, but besides dollars you can also use euros, British pounds, Australian dollars or Canadian dollars. Since the minimum trade is only $5, there will be enough time and opportunities for you to explore all the possibilities of trading with Magnum Options. Deposits can be made using your credit/debit cards (Visa, MasterCard, Visa Electron), but you can also use Neteller or bank wire.

If you want to withdraw your funds, you will have to submit some documentation to your broker in order to verify your identity. These documents include some kind of ID (driver’s license, passport or residence card) and proof of your current address (for example a utility bill). If you invested via credit card, you will also have to send a copy of the front and back of that card. Keep in mind, though, that funds can be withdrawn only to the same card used to make the initial deposit. If you want to withdraw more than you originally invested, the rest can be withdrawn by wire transfer. Your funds should show up in your account within 5-7 business days. As you can see, security standards are pretty high here, so you can rest assured no harm can come to you while trading here.

Magnum Options Scam Test 2016 | Conclusion

Based on all this, we must conclude that Magnum Options is a completely legit broker with a great trading environment to offer to its clients. The way their platform functions is simply flawless and it will help you start making profitable trades in no time. The best thing is that you can test everything completely free of any charge if you open their demo account! There are a lot of assets to trade with and you can make your trades for just $5 which we think sounds pretty awesome. Wait no more and have no fear! Trust our Magnum Options Scam Test 2016 and open your account with this broker today!



1. Cybernetic Analysis For Stocks & Futures (J. F. Ehlers, 2004)
2. Stocks For The Long Run: The Definitive Guide to Financial Market Returns and Long-Term Investment Strategies (J. J. Siegel, 1994)
3. The Intelligent Investor (B. Graham, 1973)
4. Market Wizards (J. D. Schwager, 1989)
5. The Greatest Business On Earth: A Simplified Guide To Trading Commodity Options (J. Prince, 2010)

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Author: Ben Prescott

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