PowerOption Review

| July 9, 2016 | 0 Comments

Company Overview

PowerOption is an online binary options broker. It was founded by AvaTrade in 2013 which is a well-known forex broker in the UK. The Headquarters of PowerOption is located in Cyprus as well as in Seychelles. Its platform is available in English, Arabic, Chinese, French, German and Italian languages. CySEC (Cyprus Securities and Exchange Commission) regulates this company. Its license number is # 204/13. It also does not support US clients and offers to trade currency pairs, oil, gold, stocks, indices, metals commodities, and CFDs.

Trading Platform

It provides an excellent trading platform i.e. the MarketsPulse trading platform. It is one of the most advanced trading platforms available for PC and Android and iOS devices. This trading platform has an easy-to-understand interface. Traders can trade via the standard account. Besides the demo account, it is the only type of account that is available. With the help of the demo account, beginners can understand how to use the binary options trading platform. The demo account has $1000 virtual money.

Once the user creates an account, they can start trading on 5 commodities, 8 market indices, 13 currency pairs and 12 stocks. The average payout ratio is 80%. One of the benefits that traders have is the incredibly low minimum deposit to open an account; they just need to deposit $20 to open an account. Like many other binary options traders in the UK, PowerOption also offers four types of trading contracts which are high/low options, One Touch options, Range options and 60-second options.

Binary traders can make deposits and withdrawals via bank wires, Visa Electron, credit cards, debit cards, and various eWallets. It will take five business days to complete the transaction.

Features

  • Reliable and easy-to-use trading platform
  • Fast processing
  • EU regulated broker
  • Mobile trading
  • Payout ratio starts from 85%
  • One Click trade execution
  • Fewer initial deposits
  • Reliable 24/7 customer support service
  • Multilingual support
  • 100% signup bonus

Customer Support

PowerOption provides an excellent customer support service. Clients can get access to their support center via emails, phone calls, live chat and fax. The customer support service at PowerOption is highly efficient.It is available in English, Chinese, Arabic, Italian, French and German languages. To provide clients with more ease, it also provides local phone numbers in these locations:

  • Africa
  • Asia
  • Australia
  • Middle East
  • North America

It puts a lot of effort in satisfying its customers. Its customer support is available 24/7.

Conclusion

Although PowerOption is new to the binary options market, with the management of AvaTrade behind it, it is considered reliable and trustworthy. It provides customers with an excellent trading service via various platforms. It is also one of the best brokers for beginners and offers free online education, which makes it better than many other brokers online. The best part about it is that its platform is available in various languages. It is a trusted broker, and binary traders can rely on it to trade with ease.

Category: Binary Option

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