Grandoption binary options broker is a young company that has relatively recently begun working on the financial market. The broker’s main and most significant advantage is the following: it puts to use a modern platform for options trading. Below you will come across more company’s interesting and thrilling aspects, nuances, functions and special features.
General Information About GrandOption
The binary options broker Grandoption was introduced to the market in the year 2013. It is related to such company as Rodeler Limited, the main office of which is located in Cyprus. Therefore, this particular broker has got a Cypriot license for performing its activity in a sphere of binary options trading. The pro of obtaining the so-called CySEC license is that it is recognized by all European Union countries as well as sets up and demands the following of strict requirements to brokers in line with the safety of clients’ funds and actions. The presence of the license is the first thing a trader should check when opting for a broker because the license means safety of all your money. As for the Grandoption, as it was already mentioned it has a CySEc license as well as such European licenses as FCA and MIFID. As a result, one can summarize that despite the fact that Grandoption is a pretty young broker, it has all necessary documents to be considered a reliable and safe company.
Furthermore, Grandoption offers a very comfortable and simple platform for binary trading. The platform is so simple that all a trader should do is to just make basic steps to buy a lot. There are more than a hundred available assets for trading, the main part of which is in a working process all the time. Additionally to that, it should be mentioned that every trader has an access to free trading signals which are formed on a basis of market analysis, made by the company’s leading experts.
- Minimum deposit – $100
- Minimum lot – $25
- Maximum lot – $20.000
- Assets – Forex, commodities, stocks and shares, indices
- Trading signals – yes
- Russian interface – yes
- Customer support – 24/7;
The broker offers its customers a modern platform which is comfortable for working purposes for both beginners and experienced investors. The company gives you an opportunity to enter a market with the help of buying a certain asset as well as such instruments which are traded on the stock exchanges all over the world. During the binary trading, a trader should just determine and establish the main parameters and characteristics, for example, basic asset, trade direction, option cost and of course an expiration time.
Another point that should be paid attention to is that Grandoption broker is one step forward comparing to its competitors. The reasons for that are the following: the broker has developed its own platform the speed of which is much faster than some of the famous and well-known platforms (SpotOption etc) which are represented on the binary options market.
Also the Grandoption platform has two kinds of options – High/Low and short-term. When trading short-term options, there is a possibility to open a trade for such time-frames as 30 seconds, 2 and 5 minutes. You can choose any expiration time multiple of five within the next half an hour. Apart from that, it is possible to open positions with an expiration of an hour or 2.
Besides the high speed, the platform also offers a wide range of functions which other brokers that work with standard trading platforms lack. So here are these functional opportunities:
- easy for understanding, comfortable and functional interface
- the presence of such a feature as- trades history (500 trades)
- a chance to manage several trades from the one chart/diagram at one and the same time
- an ability to set “Stop Loss” and “Tale Profit” orders for limiting losses and fixing profits before the option’s expiration
- Personal time-frames for options trading from 30 seconds to 5 minutes;
- An opportunity to set a diagram of a basic asset according to your personal needs and preferences;
Types of Options
Short and long-term options
One of the main advantages the Grandoption broker has, is its extremely huge choice of expirations. Here you will be surprised at finding short-term options from 30 seconds to 5 minutes as well as a variety of long-term options. In case if you have never faced with other brokers, you should definitely know that, as a rule, they have a choice among half an hour options, end of an hour and end of the day options. Whereas Grandoption offers expirations from 15 minutes and until the end of the month with a big number of time expirations in this interval / period.
Long-term Options Selling
This kind of function is not presented at all brokers though it is very important. Long-term options selling lets you close an option without waiting for a final expiration time if you see that the situation is changing in a wrong for you side. Of course, at such a moment you will just need to fix the price in order not to lose the money (but it will not bring you income as well). This function is used by both professional and beginning traders.
Speaking about Grandoption’s profitable side, here, the broker offers its users pretty standard payments on profitable options that can reach as high as 83%. Comparing with other brokers, the conditions are the same, not better yet not worse. But an important thing is that the income can be withdrawn very quickly and consequently can be compared to such market leaders as 24Option and AnyOption.
Pay a special attention to the point that when you withdraw the money for the very first time, you will have to pass through a verification process. Verification process – is a confirmation of your identity due to such documents as a scanned copy of your passport or driver’s license etc. It should be sent to the company’s e-mail in order to authenticate your identity. The aim of this verification process is to prevent traders and brokers from any kind of fraud as well as money laundry.
Payments and Withdrawals
To make payments or withdrawals from the trading account, the clients of the Grandoption broker should use the following financial instruments:
- wire transfer
- credit cards Visa and Master Card
- electronic payment systems: WenMoney, Neteller etc
Wire transfer is operated within 3-5 working days, electronic wallets within one day. During the first money withdrawing, the process of the above-mentioned verification might take as long as 7-10 days. Also there is no commission for the first withdrawing. All next times, you will have to pay a certain commission on tariffs of your trading account:
- Standard – commission is 3.5% for a wire transfer or credit card, and 2% for electronic wallet
- Premium – have an opportunity to withdraw the money once a month without paying any commission and not depending on the withdrawing method. In case of two or more withdrawing process, a certain commission should be paid
- VIP account – holders of this kind of an account don’t need to pay any commission
Special Aspects and Types of Accounts
Every trader has a chance to take part in Grand-options, binary trading platform with minimum sum of primary investments. Grandoption review has demonstrated us three kinds of loyalty programs which offer multiple services aside from a standard set of functions that includes an access to the platform and binary options trading assets. In the capacity of a special function, Grandoption’s expert on financial questions has proposed a support for every trader while trading.
Standard account – gives an access to the web-platform and video-access to the data base, Apart from that, users get constant market updates through the blog-site as well as 24 hours market expert of a trading support
Improved account – includes a professional trading expert for managing the assets and every trading operation. All functions of a standard account are also included;
- VIP account – includes all the functions mentioned in the previous two accounts plus an additional individual training with a highly-professional analyst.
One of the most significant things for traders offered by the Grandoption broker is an educational program which is aimed at giving a user a complete and full information about the broker, platform abilities and also binary trading in general. Here, every client will find something interesting, new and useful thanks to all the materials.
Grandoption educational center lets traders get to know both theoretical and video information. The range of video-materials is very big and all of them are aimed at general understanding of binary options trading as well as understanding of technical analysis of the market. These videos are divided into two categories which are counted for beginning and advanced investors. Apart from that, you will find electronic books which describe the basic meaning of options trading on the market.
Every trader has a chance to receive a welcome bonus of 100%. These bonuses can’t be withdrawn immediately after receiving them on a trading account. This is a certain security aspect for a broker which means that a trader will not just take the money and leave the trading but keep trading and earning money. After that users will be capable of withdrawing the money.
Moreover, for registered clients of the Grandoption broker, there are regular competitions based on real trading accounts. The winners of such competitions are presented and awarded with cash prizes. This money as well as welcome bonuses are only for trading activity.
Broker’s technical support functions 24 hours a day, 7 days a week. The ways of connection with consultants are standard:
- multichannel phone
- email; (reply is very fast)
- on-line chat on a company’s official site, mobile trading support;
Supported languages are English and Russian.
Pros and Cons of Working with Grandoption Broker
The broker’s list of advantages should be added with a big number of educational programs which are suitable for both beginning traders and professional investors. A very pleasant point for Russian speaking customers is that all the offered programs are available in Russian language too. Besides that, clients have an opportunity to get to know free financial market reviews on a daily basis.
High level of self-regulation should also be added to the advantages of Grandoption binary options broker.
- commission for money withdrawing
- not very big number of trading instruments
Having read this short yet effective guide about such a broker as Grandoption, one can come to a conclusion that it is a trusted and respected company by hundreds of thousands of traders worldwide due to its licenses, safety, exceptional features and functions. Its platform is very powerful and fast as well as carefully and accurately optimized product. The choice of basic assets and trading instruments is unique yet not that variable comparing with other brokers in binary trading industry. To conclude, the company is worth giving a chance and worth cooperating with. Additionally to this review, you can check traders’ feedbacks and comments which are positive in its majority thus making Grandoption a perfect choice which is definitely worth trying.
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