Opinion about EmpireOption

IMPORTANT: Trading with binary options has recently been banned. However, in our domain you will find an entry with the best online brokers of 2021 to help you choose a portal that suits your needs while ensuring secure transactions and operations.

Are you investigating if EmpireOption is it a scam? In Estafa.info we have made an extensive report on this binary options investment entity, in which we offer our opinion, as well as various objective data that will help you make your own decision. Among other things, we will explain to you that the broker is not regulated and, therefore, the security measures that you are obliged to follow are rather scarce.

Our experience with EmpireOption

Investing in this platform is simple. The platform has no major differences from that of any other broker and its use is quite intuitive. The biggest problem comes when it comes to security. In Estafa.info we can't say by any means that EmpireOption is a scam, but we would like it to offer more security guarantees. Of the key factors that we always check to know if a binary options broker is safe, such as customer service, the location of the headquarters, the regulations that it has an obligation to comply with and the guarantees it offers to investor deposits, unfortunately the company only satisfies us in customer service. We talk about it in depth in the next section.

EmpireOption: Is it a scam?

Doubts about whether this financial platform is a scam or not, are justified. First of all, what should be very clear is that we cannot affirm that it is. From there it is true that we would not put our money here, because it does not offer us guarantees. The main thing is that he does not have a license. In fact, no information about any type of headquarters or physical office is available on the web. Only if we are looking for offices in its section “do you have any questions?”at the top of the website, we will see that its headquarters is in St Vincent & Grenadines. But they also do not give a concrete address. What is reported is that the payment platform is managed by a New Zealand company based in Barcelona. But it simply refers to the payment platform. So be careful because that information could be misleading. The company that manages this website, not the one that processes payments, does not inform at any time of your address.

In practice, this means that to deposit money at this broker, you simply have to trust them. To do it or not is your decision. In our opinion it is better to look at other, safer options. If you prefer not to, we recommend that you visit our section with a list of binary options brokers .

Keep in mind that regulated CFD brokers , they have the obligation to provide a series of guarantees to their customers. The three main ones are to belong to a compensation fund, to guarantee the best execution for the client of his orders and to carry out all the necessary measures to avoid conflicts of interest.

EmpireOption offer

The offer to invest in binary options it offers you the most common varieties among the rest of online brokers . Thanks to this, you will be able to diversify in a fairly efficient way and manage your risks by choosing possibilities of different terms. As a complement, customers have at their disposal a educational section consisting of ebooks, videos, seminars and private lessons with a teacher. It is also a good detail the possibility of benefiting from the social trading with which you can invest passively by copying the investments of other users.

Based on the deposited money, the broker classifies its clients into five different account types. It is noteworthy that each type of account has a maximum monthly withdrawal amount that cannot be exceeded.

Binary options trading

Investing in binary options offers you the possibility of investing in assets that you could not access without a large capital. From stocks that are expensive, due to the commissions of most banks and companies through which you can invest in markets such as the American and Asian, to some raw materials, which if you want to access, you usually need to buy a large volume of assets. With binary options you delete all the associated commissions with a stroke of a pen to the investment. You will only have to pay the option price and wait to see if your investment finally turns out to be beneficial.

In the case at hand here, the investment possibilities are quite diverse. You can invest in binary options trading to use. In them you will have to decide if an asset is going to have a higher or lower price at a certain future date. If your prediction is correct, you will receive the profitability that they are offering at that moment, if it is not, you will lose everything invested. It also offers the modality instant options , which have the same dynamics but with expiration times of 30, 60 and 120 seconds, and in the same vein are the options long-term . In addition, on this platform you will be able to invest in one touch options , in which the returns can reach up to 300% or even 500%. In them, you will have to predict whether the price of an asset will end up above or below a price set by the platform. Finally, there are the even options , in which you will have to compare the evolution of two assets and choose which of the two will have a better behavior in terms of relative price.

Social Trading

It is also possible to do social trading and follow other users by copying their investments. However, greater transparency is missing. Are the statistics of the other traders trustworthy? The broker does not offer any information or guarantee that this is the case. Considering that in this case the company makes money when you lose it, it does not seem the most appropriate to us. For social trading, it is undoubtedly the most sensible thing to choose a broker that earns money by trading volume.

Offers and bonuses

Like many other competitors in the investment market, if you decide on this you will have the option of receiving a bonus for your income. Currently they do not have any bonuses advertised, but this does not mean that they do not offer them, but that they only offer them after the customer has requested it . Undoubtedly a good practice that can avoid the typical problems of users who cannot withdraw their money due to not having fulfilled the bonus conditions.

In the event that you finally decide to deposit money here and want to request the bonus, the conditions that will be applied to you will depend on the type of bonus and they should inform you of them when they grant it to you. However, the standard conditions consist, as usual, of a minimum trading volume . In this case the company requires that the value of the bond be traded 30 times before you can remove it. In such a way that if, for example, you receive a $200 bonus, you will have to trade $6000 before you can withdraw the bonus money.

Payment methods

Here we have one of the strangest cases among online investment brokers. The financial platform in this review manages and processes payments through a New Zealand company. Specifically a marketing agency based in Barcelona whose services seem to be based on online marketing and SEO, although they also carry out e-commerce strategies from where we assume their experience with payments will come.

The accepted payment methods are credit cards, bank transfer, Neteller, Inpay and Skrill. The minimum income is $ 200 with which you will access the mini Account , $500 for one classic Account , $1000 for a plus account , $5000 for a Preferential Account and $30,000 for one empire Vip Account .

As for the withdrawals, the truth is that we have many doubts. First of all, the company it requires a minimum amount of operations to be able to withdraw the money . Each trade must be a minimum of $ 25 and only those of classic binary options count. Thus, the requirements will be 20 operations for the Mini account and a minimum withdrawal of $ 200, 15 operations for the Classic account, with a minimum withdrawal of $ 100, 10 operations and $ 100 for the Plus account, 5 operations and $ 1 for the Preferential and the same figures for the Empire Vip. In addition, the total closure of the account also has associated fees ranging from $ 50 for the Classic account to $ 3000 for the Empire Vip, although the Mini would have no cost. From there, the company follows the usual procedures to avoid money laundering.

Security and regulations at EmpireOption

As you might guess, we don't have much to say in this section. The company is not registered within the Dollarpea Union and does not follow such important regulations as MiFID. This implies that client funds are not protected by any compensation fund, something that does happen in most brokers. In short, although in principle a company that is dedicated to investment is interested in its clients charging to gain credibility, the truth is that the only guarantee you have that this will be so is that supposed interest. That is why we reiterate once again the possibility of visiting our list of binary options brokers .

Customer service

EmpireOption's customer service is available by means of a form via the web, by e-mail at the address [email protected] , via live chat and by phone on the number 932202011, with local call cost in New Zealand.

Functionality of the website

The web offers no big problems, but no solutions either. Simply a standard website in which white and blue colors predominate. The organization of the information is the classic one with a menu in the upper central part and a list of links in the footer. A frequently asked questions section is missing and above all, more information about the security measures taken regarding client funds. It is true that there is an exhibition of logos including those of Norton Secured and some New Zealand banks, but really no detail is given about it.

EmpireOption mobile app

Here we can give a positive vote to the platform, since it has an app optimized for Android devices that is currently available on Google Play and another designed especially for the iOS operating system available in the App Store. Both, how could it be otherwise, can be downloaded for free. Users' opinions about the apps are, in general, positive

Finding

EmpireOption opera no license which allows its clients and users to invest in binary options. The offer regarding them is at the height of most licensed brokers that you can find on the market. The problems come in terms of security, since being an unregulated platform, it does not offer us the guarantees we would like to deposit money. At least not in sufficient quantities to invest. In any case, we are not aware of any scams being carried out or that there have been problems with the broker, beyond compliance with its convoluted money withdrawal rules. Therefore since Estafa.info we urge our visitors and users to choose another broker from our list of brokers, where you will see that there is a huge offer from them, currently complying with the requirements of the dollarpea regulation.