Magnum Options is a fairly recent entrant in to the world of binary options and has already developed a positive reputation as an innovation-leader within the industry. Among the wealth of features offered through its advanced trading platform, Magnum Options provides a dedicated binary options service to US traders, providing unrivalled secure and legal trading to its US clients. In addition, Magnum options promotes itself as a customer-focused binary options broker and many of its services, from customer support to the generous 10% insurance rate, have been acknowledged by many as the benchmark for binary options services.
What does Magnum Options have to offer?
Aside from the ability to trade binary options from the US and the return of 10% of the investment for out of the money trades, Magnum Options offers a range of great features. Its modern trading platform provides binary options markets for over 100 underlying assets, including stocks, currencies and commodities. Access to these markets and navigation across the platform interface is quick and uncomplicated, allowing more time to focus on executing the trade unlike other more complex platforms.
Pay-out rates with Magnum Options are also remarkably high for a broker who will return 10% of a losing trade. An average of 81% profit on binary options closing in the money makes Magnum Options one of the most competitive binary options brokers available. The minimum deposit amount to open an account is also a very accessible $200 and traders are able to withdraw a minimum of $100 via bank transfer. Although Magnum Options do not yet accept Paypal or e-wallet payments, secure deposits can be made using credit and debit cards directly through the online platform.
Why trading with Magnum Options could be the good option
As binary options traders, we are looking for a broker putting the needs of its clients first. As a new generation of brokers emerge, including Magnum Options, this is increasingly becoming the single most important factor for new and experienced binary options traders alike. Magnum Options provides 24 hour dedicated customer support via live chat as well as several toll-free numbers for North American and UK-based traders. Alongside normalising binary options trading for US traders, it has also redefined the use of an insurance rate in order to protect its clients from 100% losses. Although 10% may seem like a relatively small amount, it demonstrates a willingness to support and develop long-term relationships with its clients.
With over 100 assets available to trade, Magnum Options provides ample trading opportunities for all types of trader. Setting up an account is hassle-free and can be completed in just a couple of minutes and access to the trading platform is 100% web-based allowing for trading from any location and also via its mobile app. For newer binary options traders, it offers a good amount of education material through its website and has maintained relatively low minimum deposit amounts which help reduce risks for those just starting out. For experienced traders, execution of trades is straightforward and immediate and includes a number of highly popular features such as Pairs and 60 second trading. If innovation and a fresh approach to binary options trading is what you are looking for, Magnum Options is a very good choice.