Launched early in 2010, StartOptions is in the top of longest serving brokerage business in binary options trading market. Focusing on the US and the UK, StartOptions offers an easy-to-navigated platform as well as chances to trade on 40 underlying assets, on which traders could obtain 75% of initial investments.
A standard 10% reimbursement for out-of-the-money options is one of offered issues to attract traders run their business on white labeled site of Start Options. In a close collaboration with Trade Smarter’s web-base technology, Start Options is “the most reliable, secure and robust binary options platform”, said the representative of the company.
In order to see how truthful is their statement, let’s move on with our Start Options review.
- Name: StartOptions
- Established: 2010
- Country: Cyprus
- Tel: 004 20 8588 0667
StartOptions Review: Usability
The techniques of Trade Smarter, which was said to be developed using the most advanced and stable technologies really bring out ability to navigate around easily. A 100% web-base requires no download or update to run the process smoothly.
No difference than almost other brokers, registration on Start Options is totally free, simple and pretty quick. Regardless to the number of visitation, an in-depth FAQ section contains a host of commonly asked questions will definitely satisfy customers in spite of their first few glance. For deeper learning, My Trade History is a good feature to update information of a person’s trades, transactions and their balance presented in neat tables. Your personal details are also be able to obtain in the My Account tab.
US Dollar, Pound and Euro are acceptable on depositing. The GBP and EUR will be changed into USD at the exchange rate of the deposit day.Trading area appears in boxes or as a list giving you more options to comfort yourself during tense trades.
The absence of maximum invested amount prevents us from comparison with its competitors. We are also looking for information to ensure the maximum amount is unlimited, but we haven’t found any evidence yet.
- Up to 75% return rate on in-the-money options
- 10% refund on out-of-the-money options
- Bonuses given on different deposit amounts
- Daily market review for traders
- Open trades box showing trader’s performance
Start Options Review: Assets Availability and Expiry Range
We could count a total of available assets are 40. Therein, we counted 10 currency pair, 6 commodities, 19 stocks and 5 indices. An assets index page will appear straightaway with trading information on each asset. We could easily see that the number of asset is way lower than pioneer binary options brokers like 24Option or Banc de Binary.
This is the biggest disadvantage of Start Options is that it doesn’t state the expiry time of certain assets. Hence, it’s difficult to know which options are currently available for trading.
Start Options Review: Effective return
Each trade will end up with in the money or out of the money. The total of payout rate on winning trade with and the reimbursement percentage on failure is equal to the effective return. In general, Start Options offers 75% for in the money trade and 10% for the out of the money, which makes its effective return is 85% of the initial amount.
Once again, the lowest return is not public so we have to detect ourselves. As the result of searching, the lowest offered on the web is 55%, which make the effective return spreads from 65% to 85%.
StartOptions Review: Site Languages
Their main target market is only UK and US, so the website is only in English. However, this fact makes us think that Start Options is quite unprofessional in spite of its long time existence.
StartOptions Review: Website extras
Start Options owns so many helpful tools on its website. A chart named “Open trade” will appear with your current trades in detail. Therefore, following the performance in real time is getting easier and easier for traders. A box named “Sentiment” displays the percentage split between Calls and Puts for a selection of available assets.
Daily review is another additional tool. Regularly, reviews about asset’s changes as well as professional ideas about hot topics are update properly every day and every week from an external financial website.
Start Options Review: Fees/commissions
No fee or commission is charged when purchasing on Start Options. It’s also free to withdraw by credit card.
However, a small amount of $30 is collected for intermediary when withdrawing through bank wire transfers.
StartOptions Review: Loyalty offers
For the first time deposit, you will receive an attractive bonus in case you accept the conditions. There are 4 distinguished bonuses bases on budget amounts.
Start Options Review: Payment methods
As mentioned, credit or debit cards, wire transfer and moneybookers are acceptable.
StartOptions Review: Customer Support
Once you have a problem, you can ask for help by an email or a live chat 24 hours a day and 7 days a week. Phone number is only existent in the UK and the Cyprus. Although Start Options still is a trustworthy broker, we can find a lot of small disadvantages on this trading platform. Unless making efforts to improve its operations, Start Options will be defeated by its competitive rivals sooner or later.