TopOption has the distinction of being the first EU regulated broker. Founded in 2012 they are regulated by the FSA(UK), CySec(Cypress) and the AMF(France). This broker is held in very high regard by the binary options community since they are an offshoot of the popular forex broker Markets.com, a giant in the forex industry. Based on it’s lineage, TopOption has a huge financial trading infrastructure built behind it. In our opinion TopOption is one of the best binary options brokers without a doubt.
TopOption Company Overview
TopOption is owned by Safecap Investments Ltd and is CySEC and FCA regulated. Unlike unregulated brokers, with TopOption all details are openly available and you can be confident they are accurate due to the fact they are continuously being scrutinised by CySEC. The most vital point regarding regulation is that your capital is kept segregated from funds belonging to the broker. Simply put, TopOption cannot spend your funds as they wish to. On the other hand, the moment an unregulated broker receives your cash, what they do with it all solely relies upon whether they can be trusted or if they are fraudsters. If they happen to be scammers there’s not very much you can do. Your investment will be gone and you’ll have no idea who to take legal action against or where to locate them. This terrible predicament ought not occur if you use a regulated broker. Additionally, given that your capital is retained in a distinct account from your broker’s, in the eventuality of insolvency, your money will be secure. Furthermore, TopOption provides considerable risk protection strategies like the Investor Compensation Fund insurance protocol of up to 20,000 euros for each customer. Don’t confuse this insurance fund with the so called “risk free” trades that some brokers offer. It is not connected to the possibility of trading losses. The Investor Compensation Fund protects against losses that may occur that relate to non-trading eventualities.
Top Option Trading Features
Topoption is definitely one of the top brokers and you can tell this just from spending a few minutes browsing through their website. The site appears refined and smartly designed, nothing like the usual white label websites that resemble duplicates of one another. The platform is based on technology provided by Keystone and Topoption has added their own unique refinements and features. The interface is exceedingly clean and has a great look and feel.
A powerful mobile trading platform is provided which is web-based so no download is required.
TopOption provides daily up-to-date market analysis and an excellent economic calendar with events sorted by significance and the effect they are expected to have on the market.
TopOption Deposits and Withdrawals
TopOption offers rapid withdrawals with payments to debit/credit cards withnin 24-48 hours and bank wires normally in around four business days. The minimum amount you can withdraw is $100.
The minimum deposit amount for Top Option is also $100. Deposits can be made via various means including Credit/Debit Cards, Skrill, PayPal, Bank Wire, WebMoney and Neteller.
TopOption Customer Service
Customer service is provided 24/7 via live chat and telephone in English, French, Spanish, German, Russian, Italian, Arabic, Japanese, Polish, Dutch and Swedish. The support provided is both fast and courteous. Cutomer satisfaction is given very high priority by this broker.
TopOption provides a platform that is loaded with a wide array of trading tools and a huge selection of assets. Add to this the fact that Top Option has an excellent and untarnished reputation, and has multiple regulators. All the above coupled this with the high payouts, low minimum trade size and the fact that you can open an account with just $100 make TopOption a really attractive choice for anyone wishing to trade binary options. Their only con is that they are not available to US traders.