Opinions about SuperOptions

IMPORTANT: For security reasons we cannot recommend this broker. 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.

SuperOptions is an online binary options broker that is not licensed in any country of the Dollarpea Union. Consequently, many users doubt whether it is a scam. In our opinion it is not and, therefore, their services can be used.

We usually say that although a broker is not regulated, it cannot be said that it is a scam, but that without being a scam, there may be better places to put our money more safely. Therefore, although we believe that it can be deposited here, we want to convey to you that whenever you deal with unregulated companies, you should act with great caution. To avoid these concerns, we have made this list of the best online brokers . All of them are safe and offer good service.

That said, in the following sections of this page we will analyze SuperOptions in depth, so you can better know what it offers.

Our experience with SuperOptions

The fact that the broker is not licensed absolutely marks the security considerations. If you want to know the repercussions that this has, we recommend reading the sections below on whether it is a scam and on its security and regulations. Apart from what has been said there, we have to recognize that the offer of this broker, without being spectacular, is not bad at all, since it has a greater amount of underlying than the usual among unlicensed brokers, similar to that of licensed brokers. It also offers a welcome bonus, an educational section and everything that the best brokers usually offer, but in this case with somewhat lower standards. In general, we would place it in an average quality offer, especially taking into account what can be found on the market.

About all this, we will explain below.

Is SuperOptions a scam?

We have no proof that SuperOptions is a scam. Doubts about possible frauds or scams usually multiply before companies that operate without a license, but in this case, a call for peace of mind can be made.

However, this does not mean that we should not be cautious. If, for whatever reason, you prefer this broker to one of the many that are licensed by the CySEC, which have to follow the dollar laws, it is best that your deposit is a small amount. In the event that problems arise, you will not be able to claim before many institutions and, if you are specifically using this unregulated broker, you will have to go to the courts of Gibraltar, because that is where the company is located. A minor evil for a resident in New Zealand since he could move with some ease, but in any case, we would have to see the results of said trip.

Therefore, although the broker is not a fraud, we invite you to read the security section below, so that you know the most important aspects that you should take into account if you want to open a trading account with it.

Investment offer

If you are wondering what this broker offers you, we can tell you that it has an average quality offer, which deserves a good opinion. In addition to investing in binary options, about which you have a detailed report in the next section of this review, you can find the classic educational section consisting of a few short videos in which they explain the basics about the platform, and some investment concepts. As a complement, you will be able to access a small document, which they call ebook, in which it is explained more or less the same as in the videos, but in text format. Although the page is translated, the educational section is only partially translated and you will have to know some English if you want to understand all the contents. In addition to English and New Zealand, the website is also accessible in French.

For the rest, there is little to comment, there are some prepared sections, such as the news section, but they really do not have any noteworthy activity yet and they simply seem to be there in case one day they decide to bet on adding those services.

Binary options trading

Within the offer of a binary options investment platform, the quantity, diversity and availability of underlying assets is the most important factor. Below we will see which assets are offered divided into the categories forex, commodities, indices and stocks.

There are 13 accessible currency pairs. There are 3 of them related to the dollar: NZD/USD, NZD/JPY and NZD/GBP. All the others are pairs of the US dollar. There are also 7 commodities or raw materials: gold, silver, coffee, wheat, sugar, oil and platinum. In addition, there are 26 economic indices. To highlight some, there is no shortage of the IBEX 35, Nasdaq, DAX, CAC, Nifty, FTSE, Hang Seng or S&P 500. Finally, you have access to 29 international stocks, among which there is no New Zealand. Some examples of them are: Citi, Microsoft, Lukoil, Tesco, Toshiba or Fiat.

As usual, apart from the classic binary options, the broker offers some popular variants, such as short-term options or one-touch options. We especially like the possibility of using the Builder that allows you to create your own binary option, setting the ratio between the potential return and the potential loss, as well as the term of the option and the asset in which you want to invest.

Welcome bonus

The welcome bonus offered can amount up to $10,000 and can be up to 75% of the first deposit you make. To make these figures more specific, you should contact customer service, or just wait to see what they offer you.

Before accepting it, remember to read its terms and conditions well. On many occasions, accusations of fraud are due to users who did not understand the conditions of a bonus well and, consequently, find that they cannot withdraw their money.

In this case, the company will require you to trade with a volume of 30 times your deposit in order to withdraw money, if you have accepted the welcome bonus. Therefore, it is an important requirement to take into account, since it can be difficult to undertake such a large volume of operations. Think that for an income of $1000, you will have to trade $30,000 before you can make any withdrawals. If you accept the bonus and do not meet this requirement, withdrawals may be withheld from you.

SuperOptions payment methods

We like the fact that the minimum possible income is only $50. In this way, you can test the offer without risking a lot of money and you have great flexibility. With withdrawals it is even better, since the minimum amount to be withdrawn is $25. The accepted methods are the common ones, bank transfer, which has a commission of $ 25, credit card and several electronic wallets that you can see in the image below. It should be borne in mind that if you want to make the deposit by bank transfer, the minimum must be $ 500, or they may charge you a commission of $ 25. In contrast, credit card income is commission-free. The accepted currencies are NZD and US dollars.

To withdraw your money, you can only use two options: bank transfer and credit card. The second of them will only be available if you made your income using it and always with the maximum limit of what you entered, so that the extra benefits must be withdrawn by transfer. You must also send them certain documents as proof of your identity and your physical address, so that they can proceed with the withdrawal.

Remember that before withdrawing the money, you must have fulfilled all the requirements of the bonus. Otherwise you may have problems making the withdrawal, or they may charge you commissions, which can become quite high.

SuperOptions security and regulations

The headquarters of the company is located in Gibraltar. Although it is common for companies that offer their services in Dollarpa to be based in Gibraltar for tax reasons, this company has not applied for or at least obtained any type of license in the Dollarpea Union. This means that the security measures taken by the company are at its sole discretion, although logically it should act in accordance with the law.

Being practical, what you need to know about this broker is that it claims that it keeps client funds in segregated accounts, so that its staff cannot use said money to make current payments of the institution: bills, expenses, etc. However, it is impossible to know if this statement is true or a simple marketing strategy. Since there is no financial authority to supervise the company's activities, we have to limit ourselves to believing what we are told.

They also claim that at all times they maintain sufficient liquidity to cope with customer payments. The problem is that, again, we have to take their word for it, because there is no law that obliges them to do so.

All this becomes more worrying when we check the fact that they assure that transactions are protected by 256-bit SSL encryption and yet, when accessing the web it is obvious that this is not the case. Of course, it may be due to a one-off problem, in which case we hope that they will fix it soon and it would have been better to restrict access to services momentarily, but we doubt that this is the case.

Customer service

The customer service is available in New Zealand at the number that you have at your disposal in the table at the beginning of this review with all the company information. You can also write to them by email or using the contact form on the website. Another faster option is to make use of the live chat, in which you can also use the New Zealand. This service is not available on weekends. The schedule announced on the website is from 1 p.m. to 6 a.m. GMT, which is quite strange.

Functionality of the website

The website perfectly fulfills its objective, but you should keep in mind that there are sections that are only available in English. Since customer service can explain things to you in New Zealand, we think it's a minor problem. Finally, in the event that you have to send them physical documents, you must do so to the company's address in Gibraltar, which you can also see in the table above. If you reside in New Zealand, this communication is relatively fast, and you can expect your shipment to arrive in less than a week.

Mobile application

Although there is a SuperOptions app in the Play Store and iTunes, the truth is that they have not been updated for about 3 years and, therefore, we do not recommend its use. If you are out there, without access to the computer, and you need to do something with your account, it is best to log in normally from the mobile browser. You will see that the website is optimized for all types of mobile devices and the functionality is good. At the moment, it does not seem that they are going to make the effort to update the app again or develop a new one.

Finding

The truth is that the offer that we can access on this website is rather discreet and does not stand out for anything in the positive aspect. We also can't say that it's wrong, but considering that it's an unlicensed company, we don't see a real reason to opt for it, instead of doing it for one of the regulated binary options brokers that you can see here .

If in spite of everything you want to make your income, we reiterate that we have not detected that it is a fraud, but that it is best to do it with a small amount. Moreover, the low level of the minimum income allows this. Of course, for a small income, we recommend that you do it by credit card, because by bank transfer you should face the commission that we have explained in the payments section.