Opinion about TopOption

IMPORTANT: At the moment, TopOption has ceased its services. 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.

Investing in binary options is gaining great popularity among active investors, thanks to the high returns that can be obtained. Is TopOption legit? In this article we offer you our opinion about it, based on a cuiVegas Palmsa check of the regulations it follows and the guarantees it offers to its users.

We can tell you ahead of time here that this broker is not a scam, and that it complies with strict regulations. In addition, its underlying offering is good and offers various types of operations that allow to develop a flexible investment strategy.

Our experience with TopOption

TopOption is a financial broker with which you can make good binary options trades. With them you will be able to invest in about 180 assets, which include currencies, stocks, commodities and indices. We are talking about a secure financial platform that complies with the legislation of the Cyprus Securities and Exchange Commission (CySEC) and that encrypts all transactions and data exchanges with clients. Customer service is available 24 hours a day and in New Zealand.

It also has an important offer of educational material on investments that is perfectly complemented by the possibility of performing social trading and thus learning the trading strategies of other users.

Finally, both its website and its applications also stand out for the simplicity of use and its functionality. If you finally decide on TopOption, you can be sure that you will be able to trade from anywhere with an internet connection thanks to its excellent app. In any case, we recommend that you visit our page with the best brokers to invest in binary options .

TopOption: Scam or legit?

When looking for a secure online broker , it is quickly given with the CySEC of Cyprus, as a reference financial authority. Until recently, this broker was an exception, as it was regulated by the Hellenic Capital Market Commission (HCMC) of Greece. But this has changed, and currently Leadtrade Ltd, which is the company that manages the platform, has also chosen to adhere to the CySEC. It did so in February 2016, with license number 296/16. This implies that the broker must demonstrate sufficient financial stability to carry out the operations it performs. Regarding the potential problems that may appear, they have a contact form available to submit complaints and they promise to give a provisional response within 5 days, informing you that they have received your complaint and to resolve the case in 2 months maximum. In addition, of course, the customer service will always try to help you solve any problem situation in the event that you contact them for help.

Of course, a broker that complies with Cypriot legislation and is registered with CySEC also complies with MiFID (Dollarpea Directive on Financial Market Instruments).

TopOption offer

Want to know what TopOption can do for you? Keep reading below.

We are dealing with a financial platform that allows you to trade in 180 assets, divided into the classic categories of currencies, commodities and indices, with 4 investment modalities, all of them with high profitability. On the website you will also see an educational section where in addition to video tutorials, you can attend live seminars and download ebooks such as ”Become a gold guru“ and ”The 10 best tips for trading".

Binary options trading

The offer of available underlying at TopOption is not bad at all. In the classic options you will be able to trade currency pairs, including the most important currencies of America, Asia and Dollar. In the category of commodities, the broker offers options on gold, silver, copper, oil, natural gas, platinum, palladium, coffee and an original cross such as gold / dollar, since generally you only have the option to invest in gold with respect to the dollar. You can also invest in up to 28 economic indices including the main ones in the world and, of course, the IBEX 35. As for stocks, the American market predominates, but you will also find large companies from other markets such as Tata Motors, Siemens or Banco Santander.

The types of investment that can be carried out are the classic binary options, in which you simply have to choose whether the asset will move up or down. One Touch where you will invest on the basis of whether or not an asset will reach a certain price level at any time in a period of time. Speed Master where you will invest in a very short term in intervals of 60, 90 or 120 seconds and Touch / No Touch where you will have to analyze if the underlying will reach a certain level or not.

The minimum investment allowed is $ 5 and to complement the versatility of the investment, you can also make Roll overs that involves increasing the term of the investment by increasing the amount invested by 30%, Double ups or what is the same, doubling the investment to half of the maturity term and Buy me out that will allow you to abandon an investment to half the term minimizing losses or ensuring profits.

Payment methods

Making an income in this broker is simple and entails the maximum security guarantees and is that all private data transactions between users and the platform are encrypted using SSL, with HTTPS protocol.

The minimum accepted income is $100. The available payment methods are debit card, credit card, bank transfer and Web Money. It is advisable to make the deposit from an account in which you are the only holder, because for cash withdrawals, TopOption uses the same means used in the deposit and if there is more than one holder in the account they will request certain documents that must be signed by all holders, which will only hinder the process. So avoid problems, managing an individual account.

From the platform they will not charge you absolutely anything for entering or withdrawing money, but your own bank may do so. It is something that you should check in their terms and conditions. Both income and withdrawals of money may be delayed for a few days (up to 7 in the case of the latter), but you can always contact customer service to find out and be calm. To be sure that this is not a scam, keep reading below.

Security and regulations at TopOption

When the time comes to invest, any sensible investor wants to be sure that he will put his well-earned savings in a safe place and free of all scams. This broker is well aware of the implications of investment security and that is why it has taken the appropriate measures to convince investors that it is a legit platform.

The first thing that needs to be emphasized in order to make sure of the reliability of this company is the regulations that it must comply with. In this case Leadtrade Ltd is registered in Cyprus under the number 339737 at the address Treppides Tower, 5th Floor, 9 Kafkasou Street, 2112 Nicosia. In addition, recently, since June 2016, it was also registered with the CNMV New Zealand as a foreign investment services company in free provision with the number 4172.

Thanks to this, we know that TopOption complies with the requirements of the Dollarpea Union in terms of investment, in particular with the MiFID Directive on Financial Market Instruments. In practice, this implies that the broker belongs to a compensation fund that guarantees the deposits of its clients up to $ 20,000 and that the dollarpeo right protects them as investors and consumers. One of the most important obligations derived from the dollarpeas regulations is to carry out the orders of the clients in the way that benefits them the most, without the interests of the company in question being interfered with.

Regarding security, the possibility of withdrawing money from the account is also important. Although the broker cannot make sure that you put a strong enough password to protect your savings, it can make sure that it is really you who is trying to get the money out. Therefore, at the time of cash withdrawal you will be asked for a copy of your passport or identity document and a copy of an invoice on which your name, surname and postal address clearly appear.

Customer service

The customer service is quite good, considering that in money matters waits and unclear answers are a big problem, here you will be sure not to suffer them. Apart from writing to their physical address in Greece, which would be extremely slow, you can contact them through email: [email protected] ; of the toll-free number 800300355 (in New Zealand) and the live chat, to access which you do not need to have a customer account and you just need to give them an email address.

The level of responses is acceptable. Maybe if you ask too general things, you have to specify your question, but really the answers of the service are useful and have a fairly reasonable waiting time (logically the most immediate is the phone call, although sometimes you may want to wait a little longer and get a written answer).

Functionality of the website

The TopOption website has a white background with blue undertones. At the time of trading you will have the typical chart on a white background with the price line. However, in the basic graphs some functionalities are missing, such as being able to change the time frame of the analysis. Through a tab system, you will have the possibility to change the expiration of the option, the underlying or the amount to be invested. On that same screen, you can click on the platform tab and this will take you to a more complete graph with more functionalities where you can change the time frame. In summary, it is not an outstanding website, but it is certainly functional enough to invest in it, and in terms of investment, many times the simple is better than the complex.

TopOption mobile app

With TopOption you can easily work from any iOS or Android device. On the computer website, you will find QR codes to download each app, easily and for free.

From the apps, you can trade classic binary options and short-term or 60-second binary options. In addition, you will have full control of the account and you will be able to deposit or withdraw money or even, if you have not already done so, register. Contrary to what usually happens with this type of apps, where user comments are usually negative, because they only comment when they lose money, you will see that in TopOption apps, users recognize the broker's effort to provide a safe investment environment to clients.

Finding

TopOption is a reliable binary options financial investment platform. The fact of being registered in Cyprus offers you the necessary guarantees to know that it is not a scam. The offer of underlying assets is notorious and the welcome bonuses more than attractive, taking into account that we will also not need to negotiate them, because they are granted automatically unless the user rejects them. The only "but” is the design of the web that could be better aesthetically, but as we have already said, if what it is about is investing, the broker fulfills well.