Grand Option has a good range of bonuses on offer for its clients and their selection of contact options should satisfy the preferences and needs of all kinds of traders. Their software interface is simple and intuitive, although it may be a little too basic for the needs of the most advanced investors, and the lack of asset choices, with only around 100 to choose from overall, may deter some potential clients who would prefer a greater range of options from opting for this broker.
Grand Option is a binary options broker that has been established by a team of experts within the financial markets. Created with the goal of opening up trading to investors at all levels of experience, this broker places an emphasis on customer satisfaction, advanced trading tools, superior payouts and stable price feeds. As a CySEC registered and licensed broker, there is also a strong focus on client fund security and peace of mind. Welcoming clients from around the world, this multilingual online broker allows global investors to profit from a range of binary options.
Established in 2013 in Cyprus, Grand Option is a brand that is operated and owned by Rodeler Ltd. This broker is regulated and authorised by the Cyprus Securities Exchange Commission (CySEC) for complete peace of mind for the client and as such, it operates segregated client accounts for increased financial protection for its customers.
The assets offered by Grand Option include:
FX – 25 currency pairs
Commodities – 8
Indices – 16
Stocks – 29
Overall, there are around 100 underlying assets to choose from with this binary options broker.
Bonuses & VIP programs
Grand Option offers a wide selection of promotions and bonuses to make trading even more profitable. As well as periodic and temporary deals that may be offered to clients, this broker also offers a Technology Bonus, a $24 new account bonus for mobile app users, cash bonuses including deposit bonuses and risk free trades. A Money Back Guarantee on first trades may also be offered for first time depositors. Grand Option’s Platinum and Diamond level accounts also extend deals and promotions to top level traders including the benefit of a 4% extra return on every trade.
As well as offering desktop trading software for PCs, Grand Options also offers a convenient mobile trading app for iOS and Android tablet and smartphone users. These intuitive apps allow clients full access to the live financial markets 24 hours a day, 7 days per week from any worldwide location. Features and benefits of the platform include:
- Profit margins of between 70% and 89%
- Short term trades available from as little as 30 seconds
- An Early Close feature allows for minimal losses and secure gains
- Rapid and simple withdrawals and deposits
- No requotes and price changes
- Immediate trade executions in real time
- Intuitive enough for beginners to use
- No commissions
- No spreads
- No hidden fees
- Free app
Deposits and Withdrawals
There are numerous ways in which deposits can be made into a Grand Option trading account including the following methods:
- Visa Electron
- Diners Club
- Visa Delta
- MasterCard Debit
- Carte Bleue
- Bank Transfer
The minimum amount which can be deposited in an account varies depending on the payment method chosen. For credit card payments, the minimum amount is $250/ £250/ 250 Euros/ 25,000 Yen, for E-Payments, the minimum amount is $250/ £250/ 250 Euros/ 25,000 Yen and for bank transfers, the minimum amount is $1000/ £1000/ 1000 Euros or 100,000 Yen. There is a limit on credit card deposits of $10,000 per day and a monthly limit of $40,000. Funds deposited via credit card will clearly immediately once the deposit has been approved and e-payments are also transferred instantly however a bank transfer can take up to 5 days to appear in the client’s trading account.
Withdrawals are processed within 7 working days and all withdrawals are activated simply by logging into the account and clicking on the Banking tab where the Withdrawal option can be selected. The completed withdrawal form can then be faxed or emailed to the broker. Withdrawals are returned to the same source from which the deposit was made, however if the deposit was made by credit card any amount withdrawn that exceeds the value of the deposit will be returned via bank transfer. There is no minimum withdrawal limit for withdrawals to a credit card or via MoneyBookers, however there is a minimum withdrawal amount of $100/ £100/ 100 Euros/ 100,000 Yen for bank transfer withdrawals. First withdrawals with Grand Option are processed free of charge, however subsequent withdrawals may be charged a fee depending on the account type. Superior account holders benefit from one free withdrawal each month and VIP clients never pay a fee for withdrawals. Subsequent withdrawals are charged at a rate of 3.5% for credit card withdrawals, 2.0% for Moneybooker and $30/ £20/ 25 Euros/ 2500 Yen for bank transfer withdrawals. Withdrawals can be made at any time 24/7.
Grand Option’s website can be viewed in 4 languages: English, Turkish, Italian and Russian. There are plenty of contact methods available including:
- Live chat
This broker also has an active social media presence and can be followed on Facebook, Twitter, LinkedIn and Google+.
Extra Features and Resources
Grand Option have their own Trading Academy to help educate its clients. Offering a wealth of free of charge educational resources, this useful feature covers all of the basics of trading through helpful articles and tutorials for beginners as well as advanced and expert courses that are geared towards the most experienced investors who are looking for ways to maximise their potential profits. There are also webinars and ebooks available for clients to keep them up to date with the financial markets.
Overall, Grand Option has a number of features that may appeal to potential clients. Some of the pros and cons of choosing this binary options broker include:
- A range of underlying assets to choose from
- Simple, user friendly trading software
- A web based trading interface that requires no downloads or installations
- Mobile trading with Android and iOS apps
- Plenty of customer contact options including Live Chat
- Traditional and modern payment options to choose from including e-Payment methods
- Quick and easy withdrawal and deposit system
- Free educational resources including ebooks and webinars to improve trading strategies
- Several account types to meet the needs of both beginners and experienced traders
- VIP level accounts with extra benefits and bonuses
- Security of financial and personal information thanks to CySEC regulation
- Easy online registration for accounts
- A good range of deals and bonuses
- Multilingual website and support
- Fewer assets available than with many other brokers
- Trading interface may be a little too simplistic for advanced users
- Limited number of e-Wallet payment options
Does Grand Option have a choice of account types?
Grand Option offers four different account types to meet the needs of all traders from the complete novice right up to the professional. Each account gives access to 24/7 trading support and all available assets, however the top level accounts give holders access to more bonuses, personal training sessions with experts and a more customised trading experience.
Does Grand Option offer educational resources?
Grand Option takes the education of its clients seriously and to that end, this broker operates a Trading Academy which caters for the needs of both newcomers to the financial markets and advanced investors. As well as offering basic courses and tutorials exploring the fundamental elements of binary options trading, there are also advanced and expert resources aimed at experienced clients who want to widen their knowledge base and increase their chances of achieving a higher profit margin.
Is Grand Option a reliable broker?
Anyone who is interested in registering for a trading account with Grand Option can rest assured that they will not be falling for a scam as this broker is registered and licensed by CySEC.
Can I get instant support from Grand Option’s customer service team?
Grand Option has a Live Chat facility which can be accessed from the broker’s home page in order to obtain immediate help and support.