GlobalOption, which is owned by the same owner of EZTrader: Win Global Markets Inc., was founded in 2010. The CEO of the company, Shahar Ben Moshe, is popular for his previous position at Price WaterHouse Cooper. GlobalOption, being around for a while, has recently made several acquisition, making people pay more attention to this broker. GlobalOption provides traders with a lot of unique features using proprietary software within its platform.
The payout percentages, which can be as high as 95 per cent, may be the first thing that can catch traders’ attention. Not many traders are known to offer these rates. Trades that end up out of the money are still able to receive a 10 to 15 per cent return from Global Option, which is really good. The lowest percentage, almost the same as that of other brokers, is around 68 per cent.
At GlobalOption, traders are able to trade digital, touch and range trading instruments. The broker also gives traders the ability to extend the expiration period, or to close a trade before the expiration time. Options can be customized by choosing different investment amounts as well as expiration periods.
Traders at GlobalOption are also provided with a fully functioning demo account, free of charge. Traders can access the Learning Center section of the website to find additional educational tools. The broker is going to offer webinars soon, which would be able to benefit traders by offering helpful and interesting information. Despite the lack in e-books and instruction videos at the moment, traders should be able to get everything they need for a good start from the Learning Center and FAQ sections.
GlobalOption Learning Center
It is easier to analyze information thanks to customizable charts and graphs, which can be accessed easily. It only takes four steps to complete a trade, which is appealing enough to both beginning and experienced traders. GlobalOption also offers some common risk management features such as trade protection, roll-overs and buy out. Stockpair also have the excellent learning center. Read StockPair review for more information.
GlobalOption Trading Room
GlobalOption offers 4 asset categories: Commodities, Forex, Market Indices and Stocks. Under these four categories, traders can find more than 80 underlying assets, with the majority lies in stocks: 58 ones to choose from. Major Indices, Commodities and Currency Pairs can also be found. At GlobalOption, you will be able to experience the variety in options.
Underlying Asset Availability
The financial information displayed at GlobalOption is retrieved directly from Reuters. This technique is similar to most other brokers. Although Reuters is slightly different from Bloomberg, both are very dependable sources. The broker uses the Lightstreamer Technology to retrieve the data and display them quickly, which is a main advantage at GlobalOption.
Financial Data Vendor
Traders can experience mobile trading at GlobalOption using the Go Mobile app, which is available for free on any smartphone and tablet that can access the Internet. The Go Mobile app, despite being new, is able to demonstrate its simple yet advanced technology. Using this app, traders can perform the exact same moves they would otherwise make on the GlobalOption website.
It is both easy and free to register at GlobalOption. Each trader is required to make a minimum deposit of $200 to start trading. Deposits as well as withdrawals can be made using credit cards, bank wire or MoneyBookers. It normally takes 3 business days to process withdrawal requests. New traders are given some bonus amounts, which are subject to change. So it is advisable that new traders check the website to see what the current bonus offers is.
GlobalOption Review Video
Customer service can be accessed via email, call-back, telephone or live chat. Unfortunately, GlobalOption does not offer assistance in multiple languages. Traders can send messages via the website or via the email address: [email protected]. The phone number for customer service is 1-866-921-7392 in the U.S. and +442030269453 in the U.K. At GlobalOption, customer service is always available via one or more of these methods.
The recent scam reports about GlobalOptions are not authentic. Although the broker is new in the field, its parent company, Win Global Markets Inc. has been in the business since 2001 and very reliable. This is a good sign for binary options traders who are seeking a good broker to trade with.