Option888 is a new innovative binary options broker, founded in 2014 by trading professionals from Sweden and Germany.\u00a0The Option888 platform is owned by Altair Entertainment NV and has been licensed by Curacao eGaming and the Malta LGA.\u00a0The firm has just released a truly branded website, which offers an exceptional customer experience.<\/p>\n
The firm focuses on three main objectives;<\/p>\n
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- User support.<\/li>\n
- Fast production.\u00a0(\u00a3250 Minimum)<\/li>\n
- Excellent trading platform.<\/li>\n<\/ul>\n
Option888 puts a lot of effort into reassuring their traders about the safety of their funds, and also provides some unique trading tools and extensive training videos and tutorials.\u00a0The main feature that will convince dealers to focus on customer service however, is fast production.\u00a0Option888 will approve any withdrawals made before 18:00 on the same day \u2013 an industry leading service.<\/p>\n
Here are some other key details about Option888;<\/p>\n
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- Demo Account \u2013 Yes (starting balance \u00a3100)<\/li>\n
- Minimum Deposit \u2013 \u00a3250<\/li>\n
- Minimum trade \u2013 \u00a310<\/li>\n
- Signal service \u2013 No<\/li>\n
- Bonus details \u2013 100% deposit match bonus, up to \u00a3888.<\/li>\n
- Mobile App \u2013 Yes.\u00a0Android and iOS are fulfilled.<\/li>\n<\/ul>\n
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<\/h2>\nTrading Platform<\/h2>\n
Option888’s trading area is very simple, and very clear.\u00a0The five tabs at the top of the screen make selecting the type of option easy (the five types are described in more detail below).\u00a0The menu list below and to the left, allows traders to select the asset class they are interested in.\u00a0All very simple and intuitive.\u00a0One interesting feature is the ability to create ‘custom’ asset categories \u2013 where a trader can add the assets he trades the most.\u00a0A simple and useful idea, but currently, only available at Option888.<\/p>\n
To the right of the asset list is the trading window.\u00a0Option888 has moved away from the Green \/ Red buttons and standardized the look and feel of the site as a whole.\u00a0So the Buy and Sell buttons are yellow \u2013 in keeping with the site’s design.\u00a0They remain clear to the trader, and the strike price is still explained in the field between the trade buttons.<\/p>\n
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The payout is also listed at the top right of the trading area, and this can be customized if the trader so desires.\u00a0Then there is the option to reduce the payout where the option settles in the money \u2013 but make sure some of the initial investment is returned.\u00a0So for example, if the standard payout is 178%, a trader can choose instead, a payout of 158% \u2013 but know 20% of the investment is returned if the option is out of the money.<\/p>\n
Expiration times are worth mentioning in any Option888 reviews.\u00a0In addition to the short-term expiration times more commonly associated with binary options, they also offer long-term expirations.\u00a0Some can stretch for two months.\u00a0These long-term expirations really open up binary options to traders who prefer to do long-term valuations \u2013 or use binaries for hedging.\u00a0So those who like to use the basis to make value calls on stock prices, can find Option888 suitable.\u00a0All expiration times at Option888 use GMT as the relevant time zone.<\/p>\n
Although the trading area is not tidy, it lacks some of the information that other platforms include.\u00a0Some traders may prefer to have the ability to trade with four windows at once, others may want to see some other information available in other trading areas.\u00a0It’s down to personal preference.<\/p>\n
Trader’s choice<\/h2>\n
Option888 offers options for forex, commodities, stocks and indices.\u00a0Their asset list is one of the most comprehensive in the binary options sector.\u00a0Combined with different expiration times, the company truly provides a flexible binary options experience.<\/p>\n
They offer four types of options:<\/p>\n
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- Digital \u2013 Traditional High \/ Low options.\u00a0Will the asset increase in value, or fall?<\/li>\n
- Touch \u2013 Does the price of the asset ‘touch’ a certain value at least once before the time expires?\u00a0(Option888 has an ‘Up’ touch value, and a ‘Down’ touch value).\u00a0Note with this option, there is no option to select ‘no touch’.<\/li>\n
- Range \u2013 Known elsewhere as border trading \u2013 Does the asset price stay within two preset values?\u00a0(High and low values) or will be penetrated?\u00a0This is a useful option for assets that go through ‘extremes’ of trading \u2013 either very flat, or very volatile.<\/li>\n
- Turbo \u2013 Very short term binary options with very short expiration time.\u00a0Option888 offers expiration times of 30 seconds, 45 seconds and 5 minutes under the ‘turbo’ listing.<\/li>\n
- One Touch \u2013 Does the asset price ‘touch’ preset levels?\u00a0With the One Touch option, the options are ‘Touch’ (It will touch the value) or ‘No Touch’ (It will not touch the value).\u00a0This is very useful in either very volatile markets, or very flat ones.<\/li>\n<\/ul>\n
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<\/h2>\nMobile App<\/h2>\n
The Option888 mobile app was last updated in October 2014 and is compatible with android (version 2.2 and higher) and iOS.<\/p>\n
The trading window operates in the same way as the full website version.\u00a0Therefore, the asset and option type are listed along the top of the screen, and once selected the trading window displays below \u2013 the registration expiration time, payout and current option price.\u00a0The display is clear and everything fits well \u2013 nothing looks or feels ‘squeezed in’ as it should be.<\/p>\n
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Beyond the trading window, the application has a variety of facilities that allow traders to fully manage their accounts, from anywhere;<\/p>\n
- \n
- Cashier<\/li>\n
- Open trade<\/li>\n
- Trade history<\/li>\n
- Profile settings<\/li>\n<\/ul>\n
This is a function that can sometimes be overlooked when developing mobile applications, but Option888 has produced a well-rounded application.<\/p>\n
Payment<\/h2>\n
The payout level at Option888 tends to range between 76% and 80%.\u00a0Touch binary options can achieve payouts of 220% but require larger price movements.\u00a0Digital, Turbo and Range options all pay between 76-80%.<\/p>\n
Withdrawal and deposit options<\/h2>\n
Option888 offers a variety of deposit and withdrawal options.\u00a0The main goal of Option888 is to approve all withdrawals made before 18:00\u00a0\u00a0on the same day<\/em>\u00a0\u00a0.\u00a0This is a bold commitment, which ensures that customers do not experience delays beyond what the banking industry imposes.\u00a0Withdrawals are one of the main areas of complaint for some traders, so it’s worth noting when brokers acknowledge this potential problem area, and take steps to improve their service in those areas.<\/p>\n
Withdrawals can be made to credit cards, bank checks, check cards.\u00a0There is a minimum withdrawal amount of \u00a3250.<\/p>\n
Deposits can be made at any time.\u00a0The minimum deposit is \u00a3250 and the maximum deposit transaction is \u00a35000 \u2013 however many transactions can be made.\u00a0Option888 uses Comodo SSL to keep payment information encrypted and secure.<\/p>\n
![\"\"](\"https:\/\/trade-malaysia-option.com\/wp-content\/uploads\/2020\/04\/Day-trading-strategy-1.png\")
<\/p>\nOther features<\/h2>\n
Option888 offers its traders the following additional features and benefits;<\/p>\n
- \n
- Close Now \u2013 This tool allows the trader to close the deal before the time expires \u2013 either to lock in profits or reduce losses.<\/li>\n
- Extend \u2013 This feature allows the trader to extend the expiration time, giving the option more time if the price has not moved in the expected direction.\u00a0There is a fee to use this extension.<\/li>\n
- Fast Withdrawal \u2013\u00a0 The\u00a0\u00a0‘\u00a0\u00a0Same day approval ‘\u00a0<\/em>promotion<\/em>\u00a0\u00a0will be a real boost for any trader who is having withdrawal problems at the broker<\/li>\n<\/ul>\n
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<\/p>\n","protected":false},"excerpt":{"rendered":"
Option888 does not wish to register with the FCA to provide Binary options trading to UK residents.\u00a0Therefore, they are not legally allowed to accept UK traders. UK travelers are advised to check our broker table […]<\/p>\n","protected":false},"author":1,"featured_media":3896,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[],"class_list":["post-3928","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pilihan-en"],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/3928"}],"collection":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/comments?post=3928"}],"version-history":[{"count":3,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/3928\/revisions"}],"predecessor-version":[{"id":3932,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/posts\/3928\/revisions\/3932"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media\/3896"}],"wp:attachment":[{"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/media?parent=3928"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/categories?post=3928"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/trade-malaysia-option.com\/en\/wp-json\/wp\/v2\/tags?post=3928"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}